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Newark Development Partners

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 461551173 ✦ Newark, OH ✦ Designated as a 501(c)(3)

Overview

What is Newark Development Partners?

Newark Development Partners is a nonprofit organization situated in Newark, Ohio. Its primary goal is to stimulate economic growth within the city by encouraging investments. This initiative aims to alleviate local poverty, promote sustainable economic development, generate employment opportunities, and enhance the business, industrial, and residential sectors of Newark, Ohio. The organization operates with a small team of two dedicated individuals, working diligently to achieve these objectives.


Official website here: www.wedignewark.com

Is Newark Development Partners legitimate?

Newark Development Partners is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newark Development Partners 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: $143,688
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,580

For more financial information, click here


Official website here: www.wedignewark.com

What is the mission statement of Newark Development Partners?

Newark Development Partners, as an organization, is committed to alleviating poverty and reducing the burden on city government. They achieve this by incentivizing investments within their city, promoting and sustaining economic development. This initiative aims to create job opportunities and enhance the business, industrial, and residential living areas. Ultimately, their mission is to improve the city's overall economic well-being.


Official website here: www.wedignewark.com

Who is the CEO of Newark Development Partners?

Noble B Snow Iii is the Chairman of Newark Development Partners.


Official website here: www.wedignewark.com

What is the revenue of Newark Development Partners?

Newark Development Partners's revenue in 2022 was $866,644.


Official website here: www.wedignewark.com

Who are the executives of Newark Development Partners and what are their salaries?

The average compensation at Newark Development Partners during 2022 was $84,134. There are 2 employees and 50 volunteers at Newark Development Partners.

Here are 11 key members and their salaries:

    Fred Ernest (Executive Director)
  • Compensation: $143,688
  • Related: $0
  • Other: $0

    • Daniel Delawder (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Morehead (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Rhodes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Noble Snow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Albright (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Layman (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Spurgeon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Mccdonald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Veronica Patton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cheri Hottinger (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wedignewark.com

    Where can I find the form 990 for Newark Development Partners?

    The Newark Development Partners’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wedignewark.com

    Learn more at the official website: www.wedignewark.com

    Mission Statement of Newark Development Partners

    Newark Development Partners, as an organization, is committed to lessening the burdens of city government and alleviating poverty in the local area. They achieve this mission by incentivizing investments within the city, with the ultimate goal of promoting and sustaining economic development. This initiative creates job opportunities and enhances the business, industrial, and residential living areas of the city. In essence, Newark Development Partners is dedicated to encouraging economic growth and improvement in its community, aiming to uplift its citizens and foster a thriving local economy.

    Impact

    This information is meant to be a general summary of Newark Development Partners. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Newark Development Partners works to encourage economic development in Newark, Ohio, by incentivizing investments that promote and sustain economic growth, create jobs, and enhance the overall business, industrial, and residential areas of the city. Their efforts help lessen the burdens on city government and alleviate poverty in the local area by fostering a more prosperous and vibrant community. Through their initiatives, Newark Development Partners significantly impacts the city's economic landscape, driving positive change and improvement in various key areas of development.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $208,384
  • Program Service Revenue: $105,644
  • Gross Receipts: $1,433,938

    • Assets and Liabilities:
  • Total Assets: $12,379,098
  • Total Liabilities: $663,651
  • Net Assets: $11,715,447
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SPECIAL PROJECTS

    Revenue

    $105,644

    Organization Details

    Founding Year

    2012

    Principal Officer

    Noble B Snow Iii

    Main Address

    PO BOX 4532, NEWARK, OH, 430584532

    NTEE Category

    Code: S31 - Community improvement

    If you are a representative of Newark Development Partners 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.