Overview
What is Newbo City Market?
Newbo City Market is a vibrant nonprofit organization situated in Cedar Rapids, Iowa, with a mission to drive economic growth and enhance community well-being through cultural and entrepreneurial initiatives. By fostering local talents and businesses, especially those specializing in local products, the organization creates a nurturing environment for startups and early-stage enterprises. The market supports around 26 small businesses annually, providing employment opportunities for over 150 individuals and contributing nearly $3 million in annual gross revenue. Since its inception in 2012, numerous businesses have graduated from the market and established their independent locations in the area. Newbo City Market also collaborates with various community, municipal, and educational institutions to foster economic and workforce development, serving as a hub for public programming and a community gathering space.
Official website here: www.newbocitymarket.org
Is Newbo City Market legitimate?
Newbo City Market is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newbo City Market submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $90,325
Professional Fundraising Fees: $0
Other Salaries and Wages: $329,143
For more financial information, click here
Official website here: www.newbocitymarket.org
What is the mission statement of Newbo City Market?
Newbo City Market's mission is centered around fostering economic development by uplifting entrepreneurs and artists. They achieve this through an equitable business incubator, accessible public programming, and a community gathering space. The organization showcases the community's assets, inspiration, and potential by cultivating new businesses and entrepreneurship, supporting local artists and artisans, and harnessing the power of culture and creativity to drive economic growth. Newbo City Market's mission is community-based economic development, enhancing economic opportunities while improving social conditions in a sustainable way. They lower barriers for diverse entrepreneurs and serve as a launch pad for startup and early-stage businesses focused on local products, annually hosting up to 26 small businesses employing over 150 people and generating nearly $3 million in gross revenue. Since its opening, the market has seen over 20 small businesses graduate and open stand-alone locations in the area, demonstrating its impact on local economic development.
Official website here: www.newbocitymarket.org
Who is the CEO of Newbo City Market?
What is the revenue of Newbo City Market?
Who are the executives of Newbo City Market and what are their salaries?
The average compensation at Newbo City Market during 2022 was $13,531. There are 31 employees and 17 volunteers at Newbo City Market.
Here are 18 key members and their salaries:
- Parisi Julie (Executive Director)
- Lala Rob (Chair) [Trustee/Director]
- Yanez Gladys (Vice Chair) [Trustee/Director]
- O'Hara Kelly (Treasurer) [Trustee/Director]
- Sytsma Jason (Secretary) [Trustee/Director]
- Hanson Shannon (Past Chair) [Trustee/Director]
- Banta Tom (Director)
- Bynoe Warren (Director)
- Demartino Sofia (Director)
- Doyle Dan (Director)
- Elles Erika (Director)
- Jones Diana (Director)
- Kutzko Diane (Director)
- Larson Tim (Director)
- Meyer Mark (Director)
- Nelson Kathi (Director)
- Sherry Margaret (Director)
- Swenson Scott (Director)
Official website here: www.newbocitymarket.org
Where can I find the form 990 for Newbo City Market?
The Newbo City Market’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.newbocitymarket.org
Learn more at the official website: www.newbocitymarket.org
Mission Statement of Newbo City Market
Newbo City Market, a nonprofit organization, is dedicated to fostering economic development within its community. It achieves this by uplifting entrepreneurs and artists through an equitable business incubator, accessible public programming, and a community gathering space. The organization's mission is to showcase the community's assets, inspiration, and potential by cultivating new businesses and entrepreneurship, supporting local artists and artisans, and harnessing the power of culture and creativity to drive economic growth. This mission is rooted in community-based economic development, which involves using local resources in a sustainable way to enhance economic opportunities and improve social conditions.
Newbo City Market has become both a cultural organization and an economic development initiative, blending social and economic development to foster the economic, social, and cultural well-being of the community. The organization lowers barriers for diverse entrepreneurs and serves as a launch pad for startup and early-stage businesses, many of which have a distinct focus on local products. Each year, the market is home to up to 26 small businesses, employing over 150 people and generating nearly $3 million in gross revenue annually. Since opening in 2012, over 20 small businesses have or are in the process of graduating from the market and opening stand-alone locations in the area.
In addition to its business incubator, Newbo City Market partners with several community, municipal, and educational institutions to foster economic and workforce development. This holistic approach to community development allows Newbo City Market to create a vibrant, thriving community that benefits from its rich cultural heritage and entrepreneurial spirit.
Impact
This information is meant to be a general summary of Newbo City Market. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Newbo City Market has had a significant impact on the economic development of Cedar Rapids, Iowa. By serving as a platform to showcase the community's assets, inspire potential, and cultivate new businesses and entrepreneurship, the market has harnessed the power of culture and creativity to drive economic growth and build the character of the community. Through its community-based economic development initiatives, Newbo City Market has created opportunities for diverse entrepreneurs, providing a launchpad for startup and early-stage businesses focused on local products.
Since its inception in 2012, the market has been home to up to 26 small businesses, employing over 150 people and generating nearly $3 million in gross revenue annually. Over 20 small businesses have graduated from the market and opened standalone locations in the area, further contributing to the local economy. By partnering with various community, municipal, and educational institutions, Newbo City Market continues to foster economic and workforce development in the region.
Overall, Newbo City Market's impact is evident in its role as a catalyst for economic growth, job creation, and community revitalization in Cedar Rapids. The market's emphasis on supporting local entrepreneurs and artists, coupled with its accessible public programming and community gathering space, has made it a valuable asset in driving both social and economic well-being in the area.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VENDOR RENTALS
Revenue
$335,195
EVENTS
Revenue
$95,606
Organization Details
Founding Year
2009
Phone
(319) 200-4050
Principal Officer
Julie Parisi
Main Address
1100 3RD ST SE, CEDAR RAPIDS, IA, 52401
Website
www.newbocitymarket.org
NTEE Category
Code: S31 - Community improvement
If you are a representative of Newbo City Market and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.