Newton Park Inc
- Assets
- $4.9m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 28
- Location
- Lakeville, IN
- Founding
- 10/2002
- Data as of
- 12/2022
- EIN
- 35-2118679
Organization Overview
Newton Park Inc is located in Lakeville, IN. The organization was established in 2002. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Newton Park Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newton Park Inc 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, Newton Park Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 8 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEWTON PARK WAS BUILT FOR FUN AND TO HELP SAFELY PREPARE OUR CHILDREN, BOTH PHYSICALLY AND MENTALLY, TO BE BETTER CITIZENS OF THIS COMMUNITY. NEWTON PARK IS THE PREMIER SPORTS RENTAL FACILITY IN THE MIDWEST. NEWTON PARK, LOCATED IN LAKEVILLE, INDIANA, IS A SPRAWLING 35-ACRE RECREATIONAL COMPLEX CONSISTING OF SIX SOCCER FIELDS AND FOUR BASEBALL DIAMONDS USED BY VARIOUS ORGANIZATIONS TO PROVIDE RECREATIONAL AND PHYSICAL EDUCATION ACTIVITIES IN VARIOUS SPORTS. NEWTON PARK SERVES BOTH CHARITABLE AND EDUCATIONAL PURPOSES BY PROVIDING THE FACILITIES FOR VARIOUS SPORTS ENDEAVORS; CHILDREN AND ADULTS PARTICIPATING IN THE ORGANIZED ACTIVITIES LEARN TEAM BUILDING AND SOCIAL SKILLS AND MAINTAIN PHYSICAL FITNESS AS A RESULT OF USING THE FACILITIES. ADDITIONALLY, NEWTON PARK SERVES ITS COMMUNITY BY PUTTING ON A FOURTH OF JULY FIREWORKS SHOW EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | 2 | $0 | |
Name Not Listed Vice President | 5 | $0 | |
Name Not Listed Secretary/treasurer | 5 | $0 | |
Name Not Listed Director | 2 | $0 | |
Name Not Listed Director | 3 | $0 | |
Name Not Listed Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $914,255 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $88,190 |
| Other Income | $10,997 |
| Total Revenue | $1,018,552 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $325,737 |
| Pension plans, employee benefits | $2,705 |
| Interest | $0 |
| Taxes | $24,919 |
| Depreciation | $370,466 |
| Occupancy | $45,795 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $330,572 |
| Total operating and administrative expenses | $1,173,438 |
| Contributions, gifts, grants paid | $7,800 |
| Total expenses and disbursements | $1,181,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,932 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $33 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $54,698 |
| Prepaid expenses and deferred charges | $17,115 |
| Net Investments - land, buildings, equipment | $4,784,783 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,942,561 |
| Accounts payable and accrued expenses | $29,610 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,610 |
Grants Awarded
Over the last fiscal year, Newton Park Inc has awarded $7,800 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MARSHALL COUNTY BLUEBERRY FESTIVAL PURPOSE: GENERAL SUPPORT | $5,000 |
ST JOSEPH 4-H FAIR INC PURPOSE: GENERAL SUPPORT | $1,000 |
SOUTH BEND REGIONAL CHAMBER PURPOSE: GENERAL SUPPORT | $600 |
LAVILLE HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $1,000 |
TOWN OF LAKEVILLE PURPOSE: GENERAL SUPPORT | $200 |