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Nonprofit · EIN 46-1551173

NEWARK DEVELOPMENT PARTNERS

Tax-exempt · NEWARK, OH 43055

Financials

$3.3M$1.2M2023$2.1M$771K2024
Revenue Expenses · by fiscal year end
Financials of NEWARK DEVELOPMENT PARTNERS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,058,190$770,934$1,287,256$18,499,321$3,389,515$15,109,806
December 31, 2023990$3,300,746$1,193,643$2,107,103$14,486,412$663,862$13,822,550
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,791,196
of which government grants
$1,222,577
Program service revenue
$127,629
Investment income
-$6,300
Net rental income
$138,688
Net gain from sales of assets
-$6,300
Other revenue
$145,665

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$242,956
Other salaries and wages
$93,317
Salaries, compensation and benefits (total)
$356,898
Professional fundraising fees
$0
Legal fees
$17,607
Accounting fees
$24,762
Depreciation
$44,052
Program services (functional)
$736,862
Management and general (functional)
$34,072

Balance sheet and other

Total assets, start of year
$14,486,412
Total assets, end of year
$18,499,321
Total liabilities, end of year
$3,389,515
Net assets, end of year
$15,109,806
Land, buildings and equipment
$2,155,241
Net assets without donor restrictions
$10,401,369
Net assets with donor restrictions
$4,708,437
Gross receipts
$2,341,141
Employees
3
Volunteers
10
Year formed
2012
State of legal domicile
OH

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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
FRED ERNESTEXECUTIVE DIRECTOR
Officer
40$193,749$5,813
DANIEL DELAWDERCHAIRMAN
Trustee or director, Officer
10$0$0
BRIAN MOREHEADDIRECTOR
Trustee or director
1$0$0
DAVID RHODESDIRECTOR
Trustee or director
1$0$0
NOBLE SNOWTREASURER
Trustee or director, Officer
5$0$0
MARY ALBRIGHTVICE CHAIRMAN
Trustee or director, Officer
5$0$0
STEVE LAYMANSECRETARY
Trustee or director, Officer
5$0$0
JENNIFER MCCDONALDDIRECTOR
Trustee or director
1$0$0
VERONICA PATTONDIRECTOR
Trustee or director
1$0$0
JOHN UIBLEDIRECTOR
Trustee or director
1$0$0
BRANDON FOXDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
FRED ERNESTEXECUTIVE DIRECTOR
Officer
40$162,688$4,881
DANIEL DELAWDERCHAIRMAN
Trustee or director, Officer
10$0$0
BRIAN MOREHEADDIRECTOR
Trustee or director
1$0$0
DAVID RHODESDIRECTOR
Trustee or director
1$0$0
NOBLE SNOWTREASURER
Trustee or director, Officer
5$0$0
MARY ALBRIGHTVICE CHAIRMAN
Trustee or director, Officer
5$0$0
STEVE LAYMANSECRETARY
Trustee or director, Officer
5$0$0
JENNIFER MCCDONALDDIRECTOR
Trustee or director
1$0$0
VERONICA PATTONDIRECTOR
Trustee or director
1$0$0
JOHN UIBLEDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
PO BOX, NEWARK, OH 43055-0000
In care of
% CHERI HOTTINGER
Principal officer (990 for 2024)
NOBLE B SNOW III, PO BOX 4532, NEWARK, OH 430584532
Signed the 990
NOBLE B SNOW III, DIRECTOR
Phone
(740) 349-9340
Return prepared by
WILSON SHANNON & SNOW INC

Mission

TO LESSEN THE BURDENS OF CITY GOVERNMENT AND TO ALLEVIATE POVERTY IN THE LOCAL AREA BY INCENTIVIZING INVESTMENTS IN THE CITY OF NEWARK, OHIO, IN ORDER TO PROMOTE AND SUSTAIN ECONOMIC DEVELOPMENT, CREATE JOBS AND FURTHER IMPROVE THE BUSINESS, INDUSTRIAL AND RESIDENTIAL LIVING AREAS OF THE CITY.

990 for the year ended December 31, 2024

Program accomplishments

  • ENCOURAGE ECONOMIC DEVELOPMENT IN THE CITY OF NEWARK.
    Expenses $736,862 · revenue $134,606

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-1551173
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
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$18,499,321
Income (IRS master file)
$2,341,141

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,058,190$770,934$18,499,321IRS
990December 2023$3,300,746$1,193,643$14,486,412XML
990December 2022$866,644$715,760$12,379,098IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about NEWARK DEVELOPMENT PARTNERS

What is the EIN of NEWARK DEVELOPMENT PARTNERS?
The employer identification number (EIN) of NEWARK DEVELOPMENT PARTNERS is 46-1551173.
Is NEWARK DEVELOPMENT PARTNERS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to NEWARK DEVELOPMENT PARTNERS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEWARK DEVELOPMENT PARTNERS 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 NEWARK DEVELOPMENT PARTNERS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEWARK DEVELOPMENT PARTNERS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEWARK DEVELOPMENT PARTNERS?
The 990 for the year ended December 31, 2024 names NOBLE B SNOW III.
Who are the officers and directors of NEWARK DEVELOPMENT PARTNERS?
The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $193,749 (FRED ERNEST, EXECUTIVE DIRECTOR).
How much revenue does NEWARK DEVELOPMENT PARTNERS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,058,190, expenses of $770,934 and total assets of $18,499,321 at year end.

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