2025-06-09T13:52:23-07:00 2024-12-31 271128871 OTTO LAW OFFICE PLLC 123 W 2ND ST N NEWTON IA 50208 990 2024-01-01 426076592 NEWTON DEVELOPMENT CORPORATION NEWT 6417878210 403 W 4TH ST N NEWTON IA 50208 JEFF PRICE TREASURER 6417878210 2025-05-13 true true Adam D Otto P00791661 6417927000 2025-06-09 X 2024 2025-03-06 01:10:19Z JEFF PRICE 403 W 4TH ST N STE 210 NEWTON IA 50208 241209 false X WWW.NEWTONDEVELOPMENTCORPORATION.COM X 1951 IA ENCOURAGE, ASSIST, ESTABLISH, MAINTAIN, DEVELOP BUSINESS PROJECTS AND INDUSTRY IN THE NEWTON AREA. 16 16 3 30 0 0 96000 77000 110902 108972 23853 24879 3242 4575 233997 215426 0 0 161559 128737 0 21158 45849 42178 207408 170915 26589 44511 700692 744417 11795 11009 688897 733408 THE NEWTON DEVELOPMENT CORPORATION STRIVES TO IMPROVE THE ECONOMIC WELL-BEING OF THE NEWTON COMMUNITY. WE ACCOMPLISH THIS THROUGH COLLABORATION WITH OTHER COMMUNITY STAKEHOLDERS TO INCREASE INVESTMENT IN NEWTON BY RETAINING, GROWING, AND ATTRACTING BUSINESS. OUR SUCCESS IS MEASURED THROUGH GROWTH IN EMPLOYMENT, POPULATION, HOUSING, RETAIL SALES, TAX BASE, HEALTHCARE ACCESSIBILITY AND SCHOOL ENROLLMENT. WE WILL FOLLOW THESE PRINCIPLES AND VALUES; HONESTY, INTEGRITY, RESPECT, PROFESSIONALISM, TEAMWORK AND AN APPROPRIATE BALANCE OF TRANSPARANCY AND CONFIDENTIALITY. false false 127695 IN 2024, NDC PRIVATELY RAISED $103,200.00 FROM INVESTORS. NDC ALSO RECEIVED FUNDING OF $77,000.00 THROUGH THE CITY OF NEWTON VIA THE HOTEL/ MOTEL TAX. NDC WAS INSTRUMENTAL IN THE PASSAGE OF THIS TAX IN 2005. THE NDC USES THE MONIES RECEIVED FROM INVESTORS AND THE CITY OF NEWTON TO HELP PROMOTE THE GROWTH AND SUSTAINABILITY OF THE NEWTON ECONOMY, IN TURN, CREATING A HEALTHY AND WONDERFUL COMMUNITY FOR THE PEOPLE TO RAISE FAMILIES AND FOR PEOPLE TO VISIT. IN 2006, DURING THE DEPARTURE OF MAYTAG, A COMMUNITY VISION WAS CREATED AND GOALS FOR ECONOMIC DEVELOPMENT WERE CREATED AND CENTERED BY THE GUIDANCE OF THE COMMUNITY VISION STATEMENT. THE FUNDING RECEIVED BY NDC ALLOWS FOR MANY OPPORTUNITIES. ONE OF THE OPPORTUNITIES IS FOR NDC TO BE PART OF THE IOWA CONNECTIONS GROUP -A5 127695 false true false false false false false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 3 true false false false false false false X 16 16 false false false false true true true true true false false true true true true false false false false true false X JENNY MICHAEL 6417878210 403 W 4TH ST N STE 210 NEWTON IA 50208 ROB KAHN CHAIR 1.00 X X 0 0 0 MARK ALLEN VICE-CHAIR 1.00 X X 0 0 0 JO JENKINS EXECUTIVE COMMITTEE 1.00 X 0 0 0 JEFF PRICE SECRETARY / TREASURER 1.00 X X 0 0 0 CHAD KELLEY EXECUTIVE COMMITTEE 1.00 X 0 0 0 KIM DIDIER EXECUTIVE COMMITTEE 1.00 X 0 0 0 CRAIG ARMSTRONG EXECUTIVE COMMITTEE 1.00 X 0 0 0 AMANDA ACCOLA EXECUTIVE COMMITTEE 1.00 X 0 0 0 MELISSA BUTLER BOARD MEMBER 1.00 X 0 0 0 SUE NOLIN BOARD MEMBER 1.00 X 0 0 0 JOHN THALACKER BOARD MEMBER 1.00 X 0 0 0 AMANDA DOUGHERTY BOARD MEMBER 1.00 X 0 0 0 TAMMI DEJONG BOARD MEMBER 1.00 X 0 0 0 JASON LAUTERBACH BOARD MEMBER 1.00 X 0 0 0 KIRK RINGGENBERG BOARD MEMBER 1.00 X 0 0 0 TYLER HARTER BOARD MEMBER 1.00 X 0 0 0 FRANK LIEBL EXECUTIVE DIRECTOR 40.00 X 92000 0 0 TANYA MICHENER ASSOCIATE DIRECTOR 40.00 X 5480 0 0 JENNY MICHAEL ADMINISTRATIVE ASSISTANT 20.00 X 22000 0 0 119480 0 0 false false false 77000 77000 MEMBERSHIP DUES 541610 103200 0 0 BUSINESS DEV COMMITTEE 541610 3220 0 0 MISC 541610 122 0 0 ENGAGE COWORK 541610 2430 0 0 108972 10661 0 0 4575 4575 4575 4575 40001 25783 14218 14218 14218 0 0 ROUNDING ADJUSTMENT 541610 0 0 0 0 0 215426 138426 0 0 119480 89610 11948 17922 9257 6943 926 1388 1655 0 1655 0 2800 0 2800 0 0 0 0 0 575 575 0 0 8311 6233 831 1247 1000 750 100 150 805 805 0 0 703 703 0 0 3154 0 3154 0 3005 2254 300 451 BUSINESS DEV COM EXP 3369 3369 0 0 LAND/BLDG REAL ESTATE TAX 6203 6203 0 0 PROPERTY MAINTENANCE 348 0 348 0 DUES & SUBSCRIPTIONS 4025 4025 0 0 6225 6225 0 0 170915 127695 22062 21158 X 32398 54949 149268 18661 110716 130607 252948 257645 304630 301216 700692 744417 7950 7164 3845 3845 11795 11009 X 688897 733408 688897 733408 700692 744417 X 44511 X X true X true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 133498 -2891 130607 15770 2891 18661 0 130607 MONEY MARKET FUND - GREAT SOUTHERN BANK 257645 F 257645 FUNDS HELD FOR INVESTMENT - FNNB 84632 F CD - FNNB VIA PERSHING 216583 F ROUNDING ADJUSTMENT 1 F 301216 Pt VI, Line 6 MEMBERS OF NEWTON DEVELOPMENT CORPORATION ARE INDIVIDUALS AND BUSINESSES WHO RESIDE IN AND/OR DO BUSINESS IN THE GREATER NEWTON COMMUNITY Pt VI, Line 7a MEMBERS OF THE ORGANIZATION ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING Pt VI, Line 7b MEMBER HAVE FULL VOTING RIGHTS AT THE ANNUAL MEETING, AND ARE REQUIRED TO APPROVE ANY AMENDMENT OF THE ARTICLES OF INCORPORATION OR BYLAWS Pt VI, Line 11b NEWTON DEVELOPMENT CORPORATION DISTRIBUTES A COPY OF THE FORM 990 TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN Pt VI, Line 12c THE GOVERNING BODY MEMBER ANNUAL QUESTIONAIRE IS DISTRIBUTED AND COLLECTED ANNUALLY Pt VI, Line 15b NEWTON DEVELOPMENT CORPORATIONS EXECUTIVE COMMITTEE REVIEWS COMPARABILITY DATA (OTHER ECONOMIC DEVELOPMENT ENTITIES, ETC) AND APPROVES AND MAKES RECOMMENDATIONS TO THE FULL BOARD FOR APPROVAL Pt VI, Line 19 UPON REUEST, A COPY OF THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC Pt XII, Line 1 THE ORGANIZATIONS ACCOUNTS ARE MAINTAINED, AND FINANCIAL STATEMENTS ARE PRESENTED, ON THE MODIFIED CASH BASIS OF ACCOUNTING FOR CONTRIBUTIONS AND MEMBERSHIP FEES AT THE POINT OF CASH COLLECTION. ALL OTHER REVENUE AND EXPENSES ARE RECOGNIZED IN ACCORDANCE WITH THE ACCRUAL METHOD OF ACCOUNTING Other FORM 990 PART III, LINE 1 DESCRIPTION OF ORGANIZATIONS MISSION: SUCCESS IS MEASURED THROUGH GROWTH IN EMPLOYMENT, POPULATION, HOUSING, RETAIL SALES, TAX BASE, HEALTHCARE ACCESSIBILITY AND SCHOOL ENROLLMENT. THE ORGANIZATION WILL FOLLOW THESE PRINCIPALS AND VALUES: HONESTY, INTEGRITY, RESPECT, PROFESSIONALISM, TEAMWORK AND AN APPROPRIATE BALANCE OF TRANSPARENCY AND CONFIDENTIALITY Other FORM 990, PART III, LINE 4A PROGRAM SERVICE ACCOMPLISHMENTS: COUNTY ECONOMIC DEVELOPMENT NETWORK COMPRISED OF JASPER, MARSHALL, TAMA, POWESHIEK, AND BENTON COUNTIES. ANNUAL FEES COLLECTED FROM EACH COUNTY HAS ALLOWED THE EDONOMIC DIRECTORS TO LEVERAGE MONIES FROM THE REGION AND STATE TO PROVIDE ADVERTISING IN VARIOUS SITE SELECTION PUBLICATIONS, CREATE MARKETING MATERIALS AND ATTEND VARIOUS TRADE SHOWS THROUGHOUT THE UNITED STATES. THE NEWTON DEVELOPMENT CORPORATION WEBSITE (WWW.NEWTONDEVELOPMENTCORPORATION.COM) IS ANOTHER TOOL FOR ECONOMIC DEVELPMENT AND GROWTH AS THE WEBSITE PROVIDES INFORMATION RELATIVE TO AVAILABLE BUILDING AND SITES, PROMOTES THE COMMUNITY AND SERVES AS A SOURCE OF INFORMATION FOR NEW AND EXISTING BUSINESSES AND ENTREPRENEURS. THE FOLLOWING OUTLINES SEVERAL PROGRAMS THE NDC PROVIDES AS IT CONTINUES TO PROMOTE THE GROWTH AND SUSTAINABILITY OF THE COMMUNITY. ALL OF THESE PROGRAMS COULD NOT BE POSSIBLE WITHOUT THE SUPPORT FROM THE MANY PARTNERS AND THE ENTHUSIASM FROM THE COMMUNITY AND BUSINESSES TO CONTINUE TO GROW: 1) BUSINESS RETENTION CALLS: SYNCHRONIST SURVEYS COMPLETED FOR EVERY ADVANCED MANUFACTURER IN JASPER COUNTY AS CONFIDENTIAL DATA COLLECTED IS USED TO PROVIDE ECONOMIC DEVELOPMENT SUPPORT IN AREAS OF SUSTAINABILITY AND GROWTH AND BUILD RELATIONSHIPS. WORK DIRECTLY WITH IDED, MID-AMERICAN AND ALLIANT ENERGY AS THEY ARE STRONG ADVOCATES OF THE PROGRAM THHROUGHOUT THE STATE OF IOWA. 2) RECRUITING NEW BUSINESS: WORK DIRECTLY WITH IDED AND IOWA CONNECTIONS IN THE RECRUITMENT OF NEW COMPANIES FOR THE COMMUNITY AND THE SURROUNDING AREA. IDED PROGRAM MANAGERS HAVE VISITED NEWTON AND LOOKED AT BUILDING AND SITES SO THEY HAVE A BETTER UNDERSTANDING OF WHAT NEWTON HAS TO OFFER. 3) ENTREPRENEURIAL AND EXISTING BUSINESS SUPPORT PROGRAMS: SINCE 2007 NEWTON DEVELOPMENT CORPORATION HAS SERVED OVER HUNDREDS OF PARTICIPANTS IN A VARIETY OF ENTREPRENEURIAL AND EXISTING BUSINESS SUPPORT PROGRAMS THGHROUGH THE PARNERSHIP OF DMACC, JEDCO, MYENTRE.ENT, UNI-SBDC, SCORE, CITY OF NEWTON AND SBA. THE NEWTON DEVELOPMENT CORPORATION COORDINATES SMI-ANNUAL CALENDARS OUTLINING PROGRAMS, CLASSES AND EVENTS THAT DIRECTLY PROMOTE AND SUPPORT EXISTING BUSINESSES AND ENTREPRENEURISM. Other FORM 990, PART III, LINE 4B PROGRAM SERVICE ACCOMPLISHMENTS: NDC ALSO PROVIDES BUSINESSES WITH ACCESS TO CAPITAL BY MAINTAINING GOOD RELATIONSHIPS WITH THE BANKS IN NEWTON. THIS IS BENEFICIAL WHEN DIRECTING ENTREPRENEURS AND EXISTING BUSINESS OWNERS WHEN CAPITAL IS NEEDED. Pt X ADJUSTMENT IN ASSETS Pt XI PROVISION FOR DOUBTFUL LOANS