Newell Community Improvement Corporation
- Assets
- $399.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Newell, IA
- Founding
- 06/1971
- Data as of
- 12/2022
- EIN
- 42-0957286
Organization Overview
Newell Community Improvement Corporation is located in Newell, IA. The organization was established in 1971. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Newell Community Improvement Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Newell Community Improvement Corporation generated $77.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $73.3k during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CONTINUED SUPPORT FOR AFFORDABLE HOUSING FOR NEWELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Arends President | 1 | $0 | |
Dale Bodholdt Secretary | 1 | $0 | |
Paul Bjorkland Vice Preside | 1 | $0 | |
Tom Olsen Treasurer | 3 | $0 | |
Martha Olsen Office Manag | 10 | $4,050 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $77,895 |
| Membership dues | $0 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,914 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,778 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $23,533 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,984 |
| Total expenses | $73,295 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,559 |
| Other assets | $0 |
| Total assets | $399,595 |
| Total liabilities | $90,731 |
| Net assets or fund balances | $308,864 |