Newark Partnership Inc
- Assets
- $200.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, DE
- Founding
- 08/2019
- Data as of
- 06/2022
- EIN
- 83-3741419
Organization Overview
Newark Partnership Inc is located in Newark, DE. The organization was established in 2019. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Partnership Inc 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, Newark Partnership Inc generated $155.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $139.5k during the year ending 06/2022. 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
THE ECONOMIC, CULTURAL, AESTHETIC, ENVIRONMENTAL AND SOCIAL ENHANCEMENT OF THE ENTIRE CITY OF NEWARK, DELAWARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leann Moore Executive Di | 5 | $59,062 | |
Polly Sierer Chair | 5 | $0 | |
Tom Coleman Director | 1 | $0 | |
Caitlin Olsen Director | 1 | $0 | |
Tyrone Jones Director | 1 | $0 | |
Stu Markham Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,059 |
| Total Program Service Revenue | $500 |
| Membership dues | $5,535 |
| Investment income | $79 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,220 |
| Total Revenue | $155,393 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $82,891 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $146 |
| Printing, publications, postage, and shipping | $12 |
| Other expenses | $56,496 |
| Total expenses | $139,545 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $200,796 |
| Other assets | $0 |
| Total assets | $200,796 |
| Total liabilities | $151 |
| Net assets or fund balances | $200,645 |
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