Nonprofit · EIN 31-1728775
DOWNTOWN NEWTON DEVELOPMENT ASSOCIATION INC
Tax-exempt (reinstated) · NEWTON, NC 28658
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $96,723 | $95,100 | $1,623 | $58,921 | $1,921 | $57,000 |
| June 30, 2024 | 990-EZ | $107,152 | $85,708 | $21,444 | $55,928 | $551 | $55,377 |
| June 30, 2023 | 990-EZ | $90,347 | $88,080 | $2,267 | $34,898 | $0 | $34,898 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Program service revenue
- $3,225
- Other revenue
- $93,498
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $25,876
- Printing, publications and postage
- $88
- Other expenses
- $69,136
- Program services (functional)
- $20,813
Balance sheet and other
- Total assets, start of year
- $55,928
- Total assets, end of year
- $58,921
- Total liabilities, end of year
- $1,921
- Net assets, end of year
- $57,000
- Cash, savings and investments
- $58,921
- Gross receipts
- $96,723
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMANDA DRUM-DOWELL | MEMBER | 2 | $0 |
| JENNIFER STIVER | CHAIR | 2 | $0 |
| JODY DIXON | MEMBER | 2 | $0 |
| KATHLEEN CLEVELAND | SECRETARY/ TREASURE | 2 | $0 |
| KRISTEN ALBRIGHT | MEMBER | 2 | $0 |
| MARY YOUNT | EXECUTIVE DIRECTOR | 40 | $0 |
| MITCH BALL | VICE CHAIR | 2 | $0 |
| RAYMOND ROBINSON | ELECTED TERM DIRECTOR | 2 | $0 |
| SUSAN FLOWER | MEMBER | 2 | $0 |
| SUSAN HOLBROOK | MEMBER | 2 | $0 |
| TODD WATSON | MEMBER | 2 | $0 |
| TRACI BLASKO | MEMBER | 2 | $0 |
990-EZ for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD WATSON | MEMBER | 1 | $0 |
| SUSAN HOLBROOK | MEMBER | 1 | $0 |
| SUSAN FLOWER | MEMBER | 1 | $0 |
| SHERRY SIGMON | MEMBER | 1 | $0 |
| RAYMOND ROBINSON | ELECTED TERM DIRECTOR | 1 | $0 |
| MITCH BALL | MEMBER | 1 | $0 |
| MAURA JOHNSTON | CHAIR | 1 | $0 |
| MARY YOUNT | EXECUTIVE DIRECTOR | 40 | $0 |
| KATHLEEN CLEVELAND | SECRETARY/ TREASURE | 1 | $0 |
| JODY DIXON | MEMBER | 1 | $0 |
| JENNIFER STIVER | VICE CHAIR | 1 | $0 |
| KRISTEN ALBRIGHT | MEMBER | 1 | $0 |
990-EZ for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TODD WATSON | MEMBER | 1 | $0 |
| SUSAN HOLBROOK | MEMBER | 1 | $0 |
| SUSAN FLOWER | MEMBER | 1 | $0 |
| SHERRY SIGMON | VICE CHAIR | 1 | $0 |
| RAYMOND ROBINSON | MEMBER | 1 | $0 |
| MITCH BALL | ELECTED TERM DIRECTOR | 1 | $0 |
| MAURA JOHNSTON | CHAIRMAN | 1 | $0 |
| MARY YOUNT | EXECUTIVE DIRECTOR | 40 | $0 |
| KATHLEEN CLEVELAND | SECRETARY TREASURER | 1 | $0 |
| JODY DIXON | MEMBER | 1 | $0 |
| JENNIFER STIVER | MEMBER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 550, NEWTON, NC 28658-0550
- In care of
- % SHANNON JOHNSON
- Mailing address (990-N for 2022)
- P O Box 550, Newton NC 28658
- Principal officer (990-N for 2022)
- Mary Yount, P O Box 550, Newton NC 28658
- Signed the 990-EZ
- MARY YOUNT, EXECUTIVE DIRECTOR
- Phone
- (828) 695-4360
- Website
- www.downtownnewton.org
- Return prepared by
- Titans Consulting Tax and Accounting
Mission
Historic Preservation: Promoting the preservation, protection, and use of Newton's traditional downtown area, including its commercial, civic, and religious enterprises, as well as residences.Remedial Actions: Addressing and mitigating physical, economic, and social deterioration in Newton's traditional downtown area.Education and Dissemination: Holding meetings and distributing information to foster understanding and appreciation of Newton's history, culture, and architecture.Community Engagement: Working with other organizations, individuals, and entities, both within and outside Newton, that share similar purposes.Fund Administration: Soliciting, receiving, and managing funds for educational and preservation purposes, including managing gifts, grants, and other financial assets.
Program accomplishments
- FOOTHILLS FOLK ART FESTIVALMUSIC ON MAINDOWNTOWN NEWTON CHRISTMAS CRAWLLIGHT UP THE TOWNExpenses $20,813
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-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 31-1728775
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P99)
- Assets (IRS master file)
- $58,921
- Income (IRS master file)
- $96,723
Revocation and reinstatement
- Exemption revoked
- November 15, 2012
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective November 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $96,723 | $95,100 | $58,921 | IRS |
| 990-EZ | June 2024 | $107,152 | $85,708 | $55,928 | XML |
| 990-N for 2022 Officer: Mary Yount | June 30, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | June 2023 | $90,347 | $88,080 | $34,898 | XML |
| 990-N for 2020 Officer: Mary Yount | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Shannon Johnson | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Shannon Johnson | June 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 31-1728775).
Questions about DOWNTOWN NEWTON DEVELOPMENT ASSOCIATION INC
- What is the EIN of DOWNTOWN NEWTON DEVELOPMENT ASSOCIATION INC?
- The employer identification number (EIN) of DOWNTOWN NEWTON DEVELOPMENT ASSOCIATION INC is 31-1728775.
- Is DOWNTOWN NEWTON DEVELOPMENT ASSOCIATION INC tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2012 and reinstated it effective November 15, 2012.
- Are donations to DOWNTOWN NEWTON DEVELOPMENT ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN NEWTON DEVELOPMENT ASSOCIATION 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 DOWNTOWN NEWTON DEVELOPMENT ASSOCIATION 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 DOWNTOWN NEWTON DEVELOPMENT ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who is the principal officer of DOWNTOWN NEWTON DEVELOPMENT ASSOCIATION INC?
- The 990-N for 2022 names Mary Yount.
- Who are the officers and directors of DOWNTOWN NEWTON DEVELOPMENT ASSOCIATION INC?
- The 990-EZ for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN NEWTON DEVELOPMENT ASSOCIATION INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $96,723, expenses of $95,100 and total assets of $58,921 at year end.
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