Newton Pride Corporation
- Assets
- $266.0k
- Revenue
- $215.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Newton, MA
- Founding
- 05/1987
- Data as of
- 06/2024
- EIN
- 22-2793743
Organization Overview
Newton Pride Corporation is located in Newton, MA. The organization was established in 1987. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton Pride Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Newton Pride Corporation generated $215.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $229.2k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1989, NEWTON COMMUNITY PRIDE (NCP) IS A NONPROFIT ORGANIZATION WHOSE MISSION IS TO BUILD COMMUNITY THROUGH FREE ARTS AND CULTURE PROGRAMMING, PUBLIC ART, BEAUTIFICATION, AND SERVICE PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FESTIVALS - COORDINATION OF MULTIPLE ARTS RELATED EVENTS THROUGHOUT THE YEAR.
FISCAL SPONSORSHIP - PROVIDING ADMINISTRATIVE AND FUNDRAISING SUPPORT FOR SMALL ORGANIZATIONS WITHIN THE CITY WHO PROMOTE VARIOUS ART AND CULTURAL ACTIVITIES FOR THE CITIZENS OF NEWTON.
FINANCIAL SUPPORT FOR CITY OF NEWTON - DIRECT FINANCIAL SUPPORT FOR FREE COMMUNITY PROGRAMMING INCLUDING JULY 4TH EVENTS, SUMMER CONCERTS AND OTHER ACTIVITIES ORGANIZED BY THE PR&C'S NEWTON CULTURAL DEVELOPMENT DEPARTMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Sholkin Clerk | Trustee | 2 | $0 |
Barbara Darnell Director | Trustee | 1 | $0 |
Sue Chapman Director | Trustee | 1 | $0 |
Phillip Dawes Director | Trustee | 1 | $0 |
John Rice Director | Trustee | 1 | $0 |
Gloria Gavris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,493 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $187,622 |
| Total Program Service Revenue | $2,341 |
| Investment income | $5,814 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,754 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,460 |
| Advertising and promotion | $0 |
| Office expenses | $1,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,200 |
| Travel | $326 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157 |
| Insurance | $4,902 |
| All other expenses | $30,005 |
| Total functional expenses | $229,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,449 |
| Savings and temporary cash investments | $154,442 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $126 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $266,017 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $195,434 |
| Net assets with donor restrictions | $70,583 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $266,017 |