Nonprofit · EIN 35-1798806
DEVELOP NEW ALBANY INC TT
Tax-exempt · NEW ALBANY, IN 47150
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $236,769 | $219,630 | $17,139 | $184,255 | $0 | $184,255 |
| December 31, 2024 | 990-EZ | $100,808 | $116,517 | -$15,709 | $167,116 | $0 | $167,116 |
| December 31, 2023 | 990-EZ | $75,988 | $52,692 | $23,296 | $183,625 | $800 | $182,825 |
| June 30, 2023 | 990-EZ | $131,760 | $133,826 | -$2,066 | $160,329 | $800 | $159,529 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $152,761
- Membership dues
- $25,850
- Program service revenue
- $71,314
- Investment income
- $115
- Net income from fundraising events
- $11,698
- Other revenue
- $12,579
Expenses
- Grants and similar amounts paid
- $7,238
- Other salaries and wages
- $50,328
- Salaries, compensation and benefits (total)
- $54,399
- Professional fundraising fees
- $0
- Accounting fees
- $2,415
- Occupancy
- $21,353
- Depreciation
- $5,112
- Program services (functional)
- $78,521
- Management and general (functional)
- $140,408
- Fundraising (functional)
- $701
Balance sheet and other
- Total assets, start of year
- $167,116
- Total assets, end of year
- $184,255
- Total liabilities, end of year
- $0
- Net assets, end of year
- $184,255
- Land, buildings and equipment
- $47,485
- Net assets without donor restrictions
- $184,255
- Gross receipts
- $237,967
- Employees
- 5
- Volunteers
- 20
- Year formed
- 1990
- State of legal domicile
- IN
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA BAXTER | PAST PRESIDENT Trustee or director, Officer | 3 | $0 |
| MIRANDA ZIMMERMAN | VICE PRESIDENT Trustee or director, Officer | 15 | $0 |
| BRAD FAIR | DIRECTOR Trustee or director | 2 | $0 |
| TYLER FERREE | DIRECTOR Trustee or director | 2 | $0 |
| BRIDGET GRONOTTE | DIRECTOR Trustee or director | 2 | $0 |
| BRITNI KNABLE | DIRECTOR Trustee or director | 2 | $0 |
| JIM PLITZ | DIRECTOR Trustee or director | 2 | $0 |
| JACOB RESCH | DIRECTOR Trustee or director | 2 | $0 |
| CLAIRE JOHNSON | REDEVELOPMENT DIRECTOR Trustee or director | 2 | $0 |
| TERRYN STEWARD | DIRECTOR Trustee or director | 2 | $0 |
| MEGAN NEWMAN | DIRECTOR Trustee or director | 2 | $0 |
| COURTNEY BYRNE | DIRECTOR Trustee or director | 2 | $0 |
| CORRIE MANNING | DIRECTOR Trustee or director | 2 | $0 |
| ELAINE MURPHY | COUNCIL APPOINTMENT Trustee or director | 2 | $0 |
| CAMERON BORNE | TREASURER Trustee or director, Officer | 3 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TONYA FISCHER | BUSINESS RELATIONS DIRECTOR Trustee or director | 2 | $0 |
| COURTNEY LEWIS | PRESIDENT Trustee or director, Officer | 15 | $0 |
990-EZ for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA BAXTER | PRESIDENT | 15 | $0 |
| COURTNEY LEWIS | VICE PRESIDENT | 15 | $0 |
| MIRANDA ZIMMERMAN | SECRETARY | 5 | $0 |
| CAMERON BORNE | TREASURER | 5 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERESA BAXTER | PRESIDENT | 15 | $0 |
| COURTNEY LEWIS | VICE PRESIDENT | 15 | $0 |
| EVAN HARDING | SECRETARY | 5 | $0 |
| CAMERON BORNE | TREASURER | 3 | $0 |
990-EZ for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DERRICK WILSON | PRESIDENT | 15 | $0 |
| TERESA BAXTER | VICE PRESIDENT | 15 | $0 |
| EVAN HARDING | SECRETARY | 5 | $0 |
| CAMERON BORNE | TREASURER | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 406 PEARL ST, NEW ALBANY, IN 47150-3420
- Principal officer (990 for 2025)
- CAMERON BORNE, 406 PEARL ST, NEW ALBANY, IN 47150
- Signed the 990
- CAMERON BORNE, TREASURER
- Phone
- (502) 544-7183
- Website
- WWW.DEVELOPNA.ORG
- Return prepared by
- DEMING MALONE LIVESAY & OSTROFF PSC
Mission
DEVELOP NEW ALBANY IS A MAIN STREET ORGANIZATION WHOSE PURPOSE IS THE HISTORIC PRESERVATION AND ECONOMIC REVITALIZATION OF DOWNTOWN NEW ALBANY, INDIANA
Program accomplishments
- DEVELOP NEW ALBANY UNDERTAKES VARIOUS ACTIVITIES TO FURTHER ITS MISSION OF PRESERVING AND REVITALIZING DOWNTOWN NEW ALBANY. ACTIVITIES UNDERTAKEN IN THE YEAR INCLUDE: -HISTORIC HOME TOUR -HISTORIC PRESERVATION WORKSHOPS -MANAGE & PROMOTE FARMERS MARKET -HARVEST HOMECOMING FESTIVAL -EVENTS, SUCH AS THE JINGLE WALK, HOLIDAY FEST, TACO WALK, AND COOKIE STROLLExpenses $78,521 · grants $7,238 · revenue $71,314
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 35-1798806
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $184,255
- Income (IRS master file)
- $237,967
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $236,769 | $219,630 | $184,255 | XML |
| 990-EZ | December 2024 | $100,808 | $116,517 | $167,116 | IRS |
| 990-EZ | December 2023 | $75,988 | $52,692 | $183,625 | XML |
| 990-EZ | June 2023 | $131,760 | $133,826 | $160,329 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | 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 35-1798806).
Questions about DEVELOP NEW ALBANY INC TT
- What is the EIN of DEVELOP NEW ALBANY INC TT?
- The employer identification number (EIN) of DEVELOP NEW ALBANY INC TT is 35-1798806.
- Is DEVELOP NEW ALBANY INC TT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to DEVELOP NEW ALBANY INC TT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEVELOP NEW ALBANY INC TT 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 DEVELOP NEW ALBANY INC TT due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DEVELOP NEW ALBANY INC TT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DEVELOP NEW ALBANY INC TT?
- The 990 for the year ended December 31, 2025 names CAMERON BORNE.
- Who are the officers and directors of DEVELOP NEW ALBANY INC TT?
- The 990 for the year ended December 31, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does DEVELOP NEW ALBANY INC TT have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $236,769, expenses of $219,630 and total assets of $184,255 at year end.
Other nonprofits in NEW ALBANY
- KAISER HOME SUPPORT SERVICES INC EIN 35-1509145 · last filed 990 for 2025
- LIFESPRING RESIDENTIAL SERVICES INC EIN 31-1140517 · last filed 990 for 2025
- SOUTHERN HILLS HOUSING CORPORATION EIN 35-1967721 · last filed 990-EZ for 2025
- RAUCH INC EIN 35-1011521 · last filed 990 for 2025
- COMMUNITY FOUNDATION OF SOUTHERN INDIANA INC EIN 35-1827813 · last filed 990 for 2025
- CAESARS FOUNDATION OF FLOYD COUNTY INC EIN 35-2086312 · last filed 990 for 2025
- LIFESPAN RESOURCES INC EIN 35-1306887 · last filed 990 for 2025
- COMMUNITY MONTESSORI EIN 35-2024662 · last filed 990 for 2025