Newport City Renaissance Corporation
- Assets
- $179.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, VT
- Founding
- 03/2009
- Data as of
- 06/2022
- EIN
- 45-0565353
Organization Overview
Newport City Renaissance Corporation is located in Newport, VT. The organization was established in 2009. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Newport City Renaissance Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Newport City Renaissance Corporation generated $97.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $67.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ECONOMIC DEVELOPMENT AND MARKETING PROJECTS IN PARTNERSHIP WITH OTHER ORGANIZATIONS FOR PLANNING AND ECONOMIC GROWTH, DENSE DEVELOPMENT OF THE HISTORIC DOWNTOWN, BRANDING OF THE AREA THROUGH A WEBSITE AND MARKETING STRATEGY KNOWN AS NEWPORT GENUINE BY NATURE, CONNECTING LOCAL FARMS WITH DOWNTOWN MARKETS THROUGH OUR NEWPORT FRESH BY NATURE EFFORTS, AND PROMOTING RECREATIONAL ACTIVITIES THROUGH OUR ACTIVE BY NATURE CAMPAIGN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Chadburn Board Presid | 5 | $0 | |
Ed Gil DE Rubio Secretary | 3 | $0 | |
Eleanor Leger Treasurer | 3 | $0 | |
Steven Wright Director | 2 | $0 | |
Casey Baraw Director | 2 | $0 | |
Daniel Pellerin Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,541 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $24 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,565 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,930 |
| Professional fees and other payments to independent contractors | $5,060 |
| Occupancy, rent, utilities, and maintenance | $3,300 |
| Printing, publications, postage, and shipping | $370 |
| Other expenses | $44,636 |
| Total expenses | $67,296 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $172,524 |
| Other assets | $0 |
| Total assets | $179,099 |
| Total liabilities | $45,601 |
| Net assets or fund balances | $133,498 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newport City Renaissance Corporation has recieved totaling $9,500.
| Awarding Organization | Amount |
|---|---|
Aarp Washington, DC PURPOSE: General support | $9,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sports Fans Coalition Ny Inc Ronkonkoma, NY | $633,460 | $8,459,536 |
Greater Boston Convention And Tourist Bureau Inc Boston, MA | $3,175,283 | $8,778,402 |
Granite State Economic Development Corp Portsmouth, NH | $20,832,618 | $9,324,758 |
Structured Employment Economic Development Corporation New York, NY | $3,440,081 | $6,983,803 |
Nybdc Local Development Corporation Albany, NY | $39,799,179 | $11,401,541 |
Venture For America Inc New York, NY | $3,605,973 | $6,866,605 |
Trufund Financial Services Inc New York, NY | $14,181,328 | $2,317,905 |
Griffiss Local Development Corporation Rome, NY | $28,823,478 | $3,861,279 |
Metrotech Area District Management Association Inc Brooklyn, NY | $3,270,355 | $4,991,826 |
Kiryas Joel Municipal Local Development Corporation Monroe, NY | $2,561,042 | $4,665,324 |
Greater New Bedford Workforce Investment Board Inc New Bedford, MA | $1,194,439 | $3,887,016 |
West Harlem Development Corporation New York, NY | $61,321,755 | $1,156,663 |