Newtowne Community Development Corporation
- Assets
- $22.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 27-1036273
Organization Overview
Newtowne Community Development Corporation is located in Annapolis, MD. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newtowne Community Development 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 12/2022, Newtowne Community Development Corporation generated $116.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $107.6k during the year ending 12/2022. While expenses have increased by 32.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Nelson Secretary | 2 | $0 | |
Yevola Peters Board Member | 16 | $0 | |
Jack Abrims President | 2 | $0 | |
Dominique Scurry Treasurer | 2 | $0 | |
Nancy Deibert Board Member | 2 | $0 | |
Teresa Powell Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,606 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $116,606 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,415 |
| Occupancy, rent, utilities, and maintenance | $74 |
| Printing, publications, postage, and shipping | $232 |
| Other expenses | $105,846 |
| Total expenses | $107,567 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,018 |
| Other assets | $0 |
| Total assets | $22,018 |
| Total liabilities | $0 |
| Net assets or fund balances | $22,018 |