Nonprofit · EIN 42-6076592
NEWTON DEVELOPMENT CORPORATION
Tax-exempt · NEWTON, IA 50208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $206,947 | $169,261 | $37,686 | $751,520 | $9,824 | $741,696 |
| December 31, 2024 | 990 | $215,426 | $170,915 | $44,511 | $744,417 | $11,009 | $733,408 |
| December 31, 2023 | 990 | $233,997 | $207,408 | $26,589 | $700,692 | $11,795 | $688,897 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $77,000
- of which government grants
- $77,000
- Program service revenue
- $119,613
- Investment income
- $10,334
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,500
- Compensation of officers, directors and key employees
- $90,000
- Other salaries and wages
- $24,500
- Salaries, compensation and benefits (total)
- $123,454
- Professional fundraising fees
- $0
- Accounting fees
- $2,950
- Occupancy
- $16,856
- Travel
- $393
- Program services (functional)
- $127,444
- Management and general (functional)
- $21,744
- Fundraising (functional)
- $20,073
Balance sheet and other
- Total assets, start of year
- $744,417
- Total assets, end of year
- $751,520
- Total liabilities, end of year
- $9,824
- Net assets, end of year
- $741,696
- Net assets without donor restrictions
- $741,696
- Gross receipts
- $206,947
- Employees
- 2
- Volunteers
- 30
- Year formed
- 1951
- State of legal domicile
- IA
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 |
|---|---|---|---|
| FRANK LIEBL | EXECUTIVE DIRECTOR Officer | 40 | $90,000 |
| MARK ALLEN | CHAIR Trustee or director, Officer | 1 | $0 |
| JEFF PRICE | VICE CHAIR/TREASURER Trustee or director, Officer | 1 | $0 |
| KIM DIDIER | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROB KAHN | PAST-CHAIR Trustee or director, Officer | 1 | $0 |
| AMANDA ACCOLA | DIRECTOR Trustee or director | 1 | $0 |
| JO JENKINS | DIRECTOR Trustee or director | 1 | $0 |
| CHAD KELLEY | DIRECTOR Trustee or director | 1 | $0 |
| TAMMI DEJONG | DIRECTOR Trustee or director | 1 | $0 |
| KEITH ISLEY | DIRECTOR Trustee or director | 1 | $0 |
| SUE NOLIN | DIRECTOR Trustee or director | 1 | $0 |
| JOHN THALACKER | DIRECTOR Trustee or director | 1 | $0 |
| AMANDA DOUGHERTY | DIRECTOR Trustee or director | 1 | $0 |
| JASON LAUTERBACH | DIRECTOR Trustee or director | 1 | $0 |
| KIRK RINGGENBERG | DIRECTOR Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TYLER | HARTER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK LIEBL | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $92,000 |
| JENNY MICHAEL | ADMINISTRATIVE ASSISTANT Key employee | 20 | $22,000 |
| TANYA MICHENER | ASSOCIATE DIRECTOR Key employee | 40 | $5,480 |
| ROB KAHN | CHAIR Trustee or director, Officer | 1 | $0 |
| MARK ALLEN | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| JO JENKINS | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| JEFF PRICE | SECRETARY / TREASURER Trustee or director, Officer | 1 | $0 |
| CHAD KELLEY | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| KIM DIDIER | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| CRAIG ARMSTRONG | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| AMANDA ACCOLA | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| MELISSA BUTLER | BOARD MEMBER Trustee or director | 1 | $0 |
| SUE NOLIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN THALACKER | BOARD MEMBER Trustee or director | 1 | $0 |
| AMANDA DOUGHERTY | BOARD MEMBER Trustee or director | 1 | $0 |
| TAMMI DEJONG | BOARD MEMBER Trustee or director | 1 | $0 |
| JASON LAUTERBACH | BOARD MEMBER Trustee or director | 1 | $0 |
| KIRK RINGGENBERG | BOARD MEMBER Trustee or director | 1 | $0 |
| TYLER HARTER | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK LIEBL | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $90,000 |
| TANYA MICHENER | ASSOCIATE DIRECTOR Key employee | 40 | $60,000 |
| DAN SKOKAN | DIRECTOR EMERITUS Trustee or director | 1 | $0 |
| ROB KAHN | CHAIR Trustee or director, Officer | 1 | $0 |
| MARK ALLEN | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| JO JENKINS | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| JEFF PRICE | SECRETARY / TREASURER Trustee or director, Officer | 1 | $0 |
| JOSH SYHLMAN | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| KIM DIDIER | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| CRAIG ARMSTRONG | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| AMANDA ACCOLA | EXECUTIVE COMMITTEE Trustee or director | 1 | $0 |
| SANDY HAM | BOARD MEMBER Trustee or director | 1 | $0 |
| KIRK RINGGENBERG | BOARD MEMBER Trustee or director | 1 | $0 |
| AMANDA DOUGHERTY | BOARD MEMBER Trustee or director | 1 | $0 |
| TAMMI DEJONG | BOARD MEMBER Trustee or director | 1 | $0 |
| JASON LAUTERBACH | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN THALACKER | BOARD MEMBER Trustee or director | 1 | $0 |
| CHAD KELLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| SUE NOLIN | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 403 W 4TH ST N STE 210, NEWTON, IA 50208-3019
- Principal officer (990 for 2025)
- JEFF PRICE, 403 W 4TH ST N, NEWTON, IA 50208
- Signed the 990
- JEFF PRICE, VICE PRESIDENT/TREASURER
- Phone
- (641) 787-8210
- Return prepared by
- DENMAN CPA LLP
Mission
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.
Program accomplishments
- 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.Expenses $127,444 · grants $11,500 · revenue $119,613
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-6076592
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $751,520
- Income (IRS master file)
- $206,947
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $206,947 | $169,261 | $751,520 | XML |
| 990 | December 2024 | $215,426 | $170,915 | $744,417 | XML |
| 990 | December 2023 | $233,997 | $207,408 | $700,692 | XML |
| 990 | December 2022 | $215,851 | $205,935 | $676,197 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 42-6076592).
Questions about NEWTON DEVELOPMENT CORPORATION
- What is the EIN of NEWTON DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEWTON DEVELOPMENT CORPORATION is 42-6076592.
- Is NEWTON DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1964.
- Are donations to NEWTON DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEWTON DEVELOPMENT CORPORATION 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 NEWTON DEVELOPMENT CORPORATION 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 NEWTON DEVELOPMENT CORPORATION 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 NEWTON DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names JEFF PRICE.
- Who are the officers and directors of NEWTON DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 16 people; 1 received compensation from the organization, the highest $90,000 (FRANK LIEBL, EXECUTIVE DIRECTOR).
- How much revenue does NEWTON DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $206,947, expenses of $169,261 and total assets of $751,520 at year end.
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