New Durham Corporation

Organization Overview

New Durham Corporation is located in Durham, NC. The organization was established in 1987. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Durham Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, New Durham Corporation generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $6.6m during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AND ENCOURAGE THE REVITALIZATION OF THE CITY OF DURHAM NORTH CAROLINA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CODE 900099: TO SERVE THE NEEDS OF THE CITY OF DURHAM, NC IN DEVELOPING PUBLIC IMPROVEMENTS IN CONJUNCTION WITH ITS GOVERNMENT. IT HAS EXISTED AS A MEANS TO LESSEN THE BURDENS OF THE GOVERNMENT BY FACILITATING IMPROVEMENTS THROUGH SPECIAL FINANCING ALTERNATIVES (RATHER THAN MUNICIPAL FINANCING) AND IT SERVES AS A VEHICLE FOR MUNICIPAL FINANCING FOR THE CITY.


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Board, Officers & Key Employees

Name (title)Compensation
Tim Flora
Vice-President
$0
Mindy Taylor
Secretary/treasurer
$0
Wanda Page
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$6,567,478
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,567,478

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