Nonprofit · EIN 22-3259325
ECONOMIC CORPORATION OF NEWPORT INC
Tax-exempt · NEWPORT, NH 03773
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $71,548 | $30,274 | $41,274 | $1,862,192 | $831,720 | $1,030,472 |
| June 30, 2024 | 990 | $84,921 | $68,278 | $16,643 | $1,778,827 | $789,629 | $989,198 |
| June 30, 2023 | 990 | -$120,797 | $269,294 | -$390,091 | $1,732,606 | $760,051 | $972,555 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $20,547
- Program service revenue
- $10,000
- Investment income
- $41,001
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $20,496
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $30,274
Balance sheet and other
- Total assets, start of year
- $1,778,827
- Total assets, end of year
- $1,862,192
- Total liabilities, end of year
- $831,720
- Net assets, end of year
- $1,030,472
- Land, buildings and equipment
- $42,947
- Net assets with donor restrictions
- $1,030,472
- Gross receipts
- $71,548
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1991
- State of legal domicile
- NH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN HUOT | DIRECTOR Trustee or director | 0 | $0 |
| JAMES BURROUGHS | DIRECTOR Trustee or director | 0 | $0 |
| KAREN DOUCETTE | DIRECTOR Trustee or director | 0 | $0 |
| KATE LUPPOLD | DIRECTOR Trustee or director | 0 | $0 |
| KRISTIE HOWE | DIRECTOR Trustee or director | 0 | $0 |
| KYLE HARRIS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MARK PITKIN | DIRECTOR Trustee or director | 0 | $0 |
| PAUL BROWN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RANDALL CLARK | DIRECTOR Trustee or director | 0 | $0 |
| RICHARD BATES | SECRETARY Trustee or director, Officer | 1 | $0 |
| SHANNON MACMICHAEL | DIRECTOR Trustee or director | 0 | $0 |
| TERRY DORR | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE HARRIS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAUL BROWN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TERRY DORR | TREASURER Trustee or director, Officer | 1 | $0 |
| RICHARD BATES | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROBERT COLLINS | DIRECTOR Trustee or director | 0 | $0 |
| SHANNON MACMICHAEL | DIRECTOR Trustee or director | 0 | $0 |
| BRYAN HUOT | DIRECTOR Trustee or director | 0 | $0 |
| KATE LUPPOLD | DIRECTOR Trustee or director | 0 | $0 |
| GARY DUDMAN | DIRECTOR Trustee or director | 0 | $0 |
| JAMES C BURROUGHTS | DIRECTOR Trustee or director | 0 | $0 |
| KAREN DOUCETTE | DIRECTOR Trustee or director | 0 | $0 |
| MARK PITKIN | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK A PITKIN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PAUL BROWN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TERRY DORR | TREASURER Trustee or director, Officer | 1 | $0 |
| RICHARD BATES | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROBERT COLLINS | DIRECTOR Trustee or director | 0 | $0 |
| SHANNON OBEY | DIRECTOR Trustee or director | 0 | $0 |
| BRYAN HUOT | DIRECTOR Trustee or director | 0 | $0 |
| KATE LUPPOLD | DIRECTOR Trustee or director | 0 | $0 |
| GARY DUDMAN | DIRECTOR Trustee or director | 0 | $0 |
| KYLE HARRIS | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 15 SUNAPEE ST, NEWPORT, NH 03773-1462
- In care of
- % SCEDC
- Principal officer (990 for 2024)
- PAUL BROWN, 15 SUNAPEE STREET, NEWPORT, NH 03773
- Signed the 990
- PAUL BROWN, VICE PRESIDENT
- Phone
- (603) 863-1360
- Return prepared by
- MCSOLEY MCCOY & CO
Mission
DEVELOP A PLAN FOR ECONOMIC DEVELOPMENT IN NEWPORT, NH, TO PROVIDE THE FOUNDATION FOR STRENGTHENING THE LOCAL ECONOMY AND TO PROMOTE A FAVORABLE CLIMATE FOR ECONOMIC GROWTH OVER AN EXTENDED PERIOD OF TIME, INCLUDING SUPPORTING JOB CREATION OPPORTUNITIES FOR LOW TO MODERATE INCOME PERSONS IN THE NEWPORT, NH AREA THORUGH THE RECRUITMENT OF NEW BUSINESSES.
Program accomplishments
- THE ORGANIZATION SUPPORTS ECONOMIC DEVELOPMENT IN THE TOWN OF NEWPORT, NH, INCLUDING THE ARTS AND OTHER AREAS OF DEVELOPMENT.Expenses $30,274 · grants $20,496 · revenue $10,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3259325
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30Z)
- Assets (IRS master file)
- $1,862,192
- Income (IRS master file)
- $71,548
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $71,548 | $30,274 | $1,862,192 | IRS |
| 990 | June 2024 | $84,921 | $68,278 | $1,778,827 | IRS |
| 990 | June 2023 | -$120,797 | $269,294 | $1,732,606 | XML |
| 990 | June 2022 | $69,662 | $101,496 | $2,169,980 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3259325).
Questions about ECONOMIC CORPORATION OF NEWPORT INC
- What is the EIN of ECONOMIC CORPORATION OF NEWPORT INC?
- The employer identification number (EIN) of ECONOMIC CORPORATION OF NEWPORT INC is 22-3259325.
- Is ECONOMIC CORPORATION OF NEWPORT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to ECONOMIC CORPORATION OF NEWPORT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC CORPORATION OF NEWPORT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ECONOMIC CORPORATION OF NEWPORT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC CORPORATION OF NEWPORT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ECONOMIC CORPORATION OF NEWPORT INC?
- The 990 for the year ended June 30, 2025 names PAUL BROWN.
- Who are the officers and directors of ECONOMIC CORPORATION OF NEWPORT INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does ECONOMIC CORPORATION OF NEWPORT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $71,548, expenses of $30,274 and total assets of $1,862,192 at year end.
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- BLUE MOUNTAIN FOREST ASSOCIATION EIN 02-0110580 · last filed 990 for 2025
- NEWPORT SENIOR CENTER EIN 02-0329395 · last filed 990 for 2025
- ORION HOUSE INC EIN 02-0314942 · last filed 990 for 2025
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- NEWPORT MONTESSORI SCHOOL EIN 20-1953727 · last filed 990 for 2025
All nonprofits in NEWPORT · New Hampshire · Community improvement and capacity building