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Nonprofit · EIN 75-2352103

NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP

Tax-exempt · NEW BOSTON, TX 75570

Financials

$454K$208K2023$514K$272K2024
Revenue Expenses · by fiscal year end
Financials of NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$513,617$272,456$241,161$6,466,507$1,181,143$5,285,364
December 31, 2023990$453,716$207,741$245,975$6,225,346$1,181,143$5,044,203
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$26,982
Net rental income
$21,600
Other revenue
$486,635

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$86,203
Salaries, compensation and benefits (total)
$86,203
Professional fundraising fees
$0
Legal fees
$165
Accounting fees
$2,062
Travel
$61
Depreciation
$68,759
Program services (functional)
$98,454
Management and general (functional)
$174,002

Balance sheet and other

Total assets, start of year
$6,225,346
Total assets, end of year
$6,466,507
Total liabilities, end of year
$1,181,143
Net assets, end of year
$5,285,364
Land, buildings and equipment
$3,275,084
Gross receipts
$513,617
Employees
0
Volunteers
0
Year formed
2001
State of legal domicile
TX

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 / weekCompensation
DAVID DANIELPRESIDENT
Trustee or director
0$0
CHAD DUFFERVICE-PRESIDENT
Trustee or director
0$0
RONNY LOONEYDIRECTOR
Trustee or director
0$0
LYNN DAVISDIRECTOR
Trustee or director
0$0
JIMMY HOWELLDIRECTOR
Trustee or director
0$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
DAVID DANIELPRESIDENT
Trustee or director
0$0
CHAD DUFFERDIRECTOR
Trustee or director
0$0
RONNY LOONEYDIRECTOR
Trustee or director
0$0
LYNN DAVISDIRECTOR
Trustee or director
0$0
JIMMY HOWELLDIRECTOR
Trustee or director
0$0

Address and contacts

Address (IRS master file)
1 TRAIL HEAD PARK PLZ, NEW BOSTON, TX 75570-3158
Principal officer (990 for 2024)
DAVID DANIEL, 1 TRAILHEAD PARK PLAZA, NEW BOSTON, TX 75570
Signed the 990
DAVID DANIEL, PRESIDENT
Phone
(903) 628-0411
Return prepared by
Mark E Rowe CPA

Mission

TO PROMOTE INDUSTRIAL DEVELOPMENT IN AND AROUND NEW BOSTON, TEXAS.

990 for the year ended December 31, 2024

Program accomplishments

  • COLLECTION OF SPECIAL SALES TAX WHICH IS USED TO ENTICE INDUSTRIAL DEVELOPMENT BY PROVIDING LAND, INFRASTRUCTURE, AND FACILITIES IN AND AROUND NEW BOSTON, TEXAS.
    Expenses $98,454

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
75-2352103
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1991
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,466,507
Income (IRS master file)
$513,617

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$513,617$272,456$6,466,507IRS
990December 2023$453,716$207,741$6,225,346XML
990December 2022$599,114$63,741$5,979,371IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 75-2352103).

Questions about NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP

What is the EIN of NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP?
The employer identification number (EIN) of NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP is 75-2352103.
Is NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1991.
Are donations to NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP 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 NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP 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 NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP 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 NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP?
The 990 for the year ended December 31, 2024 names DAVID DANIEL.
Who are the officers and directors of NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does NEW BOSTON SPECIAL INDUSTRIAL DEVELOPMENT CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $513,617, expenses of $272,456 and total assets of $6,466,507 at year end.

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