2026-04-15T11:26:33-05:00 2025-12-31 420794029 DENMAN CPA LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2025-01-01 426076592 NEWTON DEVELOPMENT CORPORATION NEWT 6417878210 403 W 4TH ST N 210 NEWTON IA 50208 JEFF PRICE VICE PRESIDENT/TREASURER 6417878210 2026-04-04 1 DAVID PEIRCE P01273860 5152258400 2025 2025-03-06 01:10:19Z JEFF PRICE 403 W 4TH ST N NEWTON IA 50208 206947 0 X WWW.NEWTONDEVELOPMENTCORPORATION.COM X 1951 IA ENCOURAGE, ASSIST, ESTABLISH, MAINTAIN, DEVELOP BUSINESS PROJECTS AND INDUSTRY IN THE NEWTON AREA. 15 15 2 30 0 0 77000 77000 108972 119613 24879 10334 4575 0 215426 206947 0 11500 0 0 128737 123454 0 0 20073 42178 34307 170915 169261 44511 37686 744417 751520 11009 9824 733408 741696 X THE NEWTON DEVELOPMENT CORPORATION STRIVES TO IMPROVE THE ECONOMIC WELL-BEING OF THE NEWTON COMMUNITY. WE ACCOMPLISHTHIS 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, TAXBASE, 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. 0 0 127444 11500 119613 IN 2025, NDC PRIVATELY RAISED $119,613 FROM INVESTORS. NDC ALSO RECEIVED FUNDING OF $77,000 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 GREATER DES MOINES PARTNERSHIP, A NETWORK COMPRISED OF ADAIR, CLARKE, DALLAS, GUTHRIE, JASPER, MADISON, MAHASKA, MARION, MARSHALL, POLK, POWESHIEK, AND WARREN 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 DEVELOPMENT AND GROWTH AS THE WEBSITE PROVIDES INFORMATION RELATIVE TO AVAILABLE BUILDING AND SITES, PROMOTES THECOMMUNITY 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 IEDA, MID-AMERICAN AND ALLIANT ENERGY AS THEY ARE STRONG ADVOCATES OF THE PROGRAM THROUGHOUT THE STATE OF IOWA. 2) RECRUITING NEW BUSINESS: WORK DIRECTLY WITH IEDA AND IOWA CONNECTIONS IN THE RECRUITMENT OF NEW COMPANIES FOR THE COMMUNITY AND THE SURROUNDING AREA. IEDA 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 THROUGH THE PARTNERSHIP OFDMACC, 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.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. 127444 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 2 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 1 0 X JENNY MICHAEL 6417878210 403 W 4TH ST N NEWTON IA 50208 MARK ALLEN CHAIR 1.00 X X 0 0 0 JEFF PRICE VICE CHAIR/TREASURER 1.00 X X 0 0 0 KIM DIDIER SECRETARY 1.00 X X 0 0 0 ROB KAHN PAST-CHAIR 1.00 X X 0 0 0 AMANDA ACCOLA DIRECTOR 1.00 X 0 0 0 JO JENKINS DIRECTOR 1.00 X 0 0 0 CHAD KELLEY DIRECTOR 1.00 X 0 0 0 TAMMI DEJONG DIRECTOR 1.00 X 0 0 0 KEITH ISLEY DIRECTOR 1.00 X 0 0 0 SUE NOLIN DIRECTOR 1.00 X 0 0 0 JOHN THALACKER DIRECTOR 1.00 X 0 0 0 AMANDA DOUGHERTY DIRECTOR 1.00 X 0 0 0 JASON LAUTERBACH DIRECTOR 1.00 X 0 0 0 KIRK RINGGENBERG DIRECTOR 1.00 X 0 0 0 TYLER HARTER 1.00 X 0 0 0 FRANK LIEBL EXECUTIVE DIRECTOR 40.00 X 90000 0 0 90000 0 0 0 0 0 0 0 77000 77000 MEMBERSHIP DUES 541610 112480 112480 ENGAGE COWORK INCOME 541610 5930 5930 MISCELLANEOUS INCOME 541610 1203 1203 119613 10334 10334 206947 119613 0 10334 11500 11500 90000 67500 9000 13500 24500 18375 2450 3675 112 84 11 17 8842 6632 884 1326 2950 2950 1268 1268 585 438 59 88 16856 15024 733 1099 393 393 1447 1447 2455 1841 246 368 DUES AND SUBSCRIPTIONS 5411 5411 BUSINESS DEVELOPMENT 2942 2942 169261 127444 21744 20073 54949 192453 483929 15770 15770 130607 0 257645 0 301216 75138 744417 751520 7164 5979 3845 3845 11009 9824 X 733408 741696 733408 741696 744417 751520 37686 -29398 0 X X 1 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15770 15770 0 0 LAND HELD FOR DEVELOPMENT 75138 C 75138 0 IOWA INTERSTATE RAILROAD 3385 N 39TH AVE E NEWTON IA 50208 10000 0 OPERATION ASSISTANCE 1 FORM 990, PART VI, SECTION A, LINE 6 6MEMBERS OF NEWTON DEVELOPMENT CORPORATION ARE INDIVIDUALS AND BUSINESSES WHO RESIDE IN AND/ORDO BUSINESS IN THE GREATER NEWTON COMMUNITY. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ORGANIZATION ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, 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. FORM 990, PART VI, SECTION B, LINE 11B NEWTON DEVELOPMENT CORPORATION DISTRIBUTES A COPY OF THE FORM 990 TO THE BOARD OF DIRECTORSPRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BODY MEMBER ANNUAL QUESTIONAIRE IS DISTRIBUTED AND COLLECTED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, A COPY OF THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC. FORM 990, PART 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. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.