Newport Enterprises Inc
- Assets
- $4.7k
- Revenue
- $632.0
- Investments
- $0.0
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 64-0930018
Organization Overview
Newport Enterprises Inc is located in Winstonsalem, NC. The organization was established in 2002. According to its NTEE Classification (X83) the organization is classified as: Religious Printing & Publishing, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport Enterprises 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 12/2021, Newport Enterprises Inc generated $632.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.3%) each year. All expenses for the organization totaled $1.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (33.0%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSLATION AND PRINTING OF BIBLE COMMENTARIES FOR DISTRIBUTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Marty Wynn Director | 0 | $0 | |
Mrs Betty Phillips Director | 0 | $0 | |
Drhuey Mills President | 0 | $0 | |
Dianna Lightfoot Secretary/treasurer | 0 | $0 | |
Drtim Jayne Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| 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 | $632 |
| Other Income | $0 |
| Total Revenue | $632 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,394 |
| Total operating and administrative expenses | $1,858 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,662 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,662 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
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Celebrating Grace Inc Macon, GA | $3,084,830 | $800,976 |
Fortify Your Faith Foundation Inc Jackson, TN | $1,806,781 | $1,011,958 |
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Speak The Word Ministry Foundation Virginia Beach, VA | $1,289,365 | $806,705 |
Trinity Communications Manassas, VA | $189,414 | $452,172 |