Newark Partnership Inc
- Assets
- $198.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Newark, DE
- Founding
- 08/2019
- Data as of
- 06/2024
- EIN
- 83-3741419
Organization Overview
Newark Partnership Inc is located in Newark, DE. The organization was established in 2019. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2024, Newark Partnership Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Partnership 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 06/2024, Newark Partnership Inc generated $185.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $209.1k during the year ending 06/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
THE ECONOMIC, CULTURAL, AESTHETIC, ENVIRONMENTAL AND SOCIAL ENHANCEMENT OF THE ENTIRE CITY OF NEWARK, DELAWARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Keely Vice Chair | 2 | $0 | |
Jamie Zingaro Treasurer | 2 | $0 | |
Olivia Brinton Director | 1 | $0 | |
Dan Rich Director | 1 | $0 | |
Roy Lapata Director | 1 | $0 | |
Freeman Williams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,174 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,995 |
| Investment income | $2,712 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $185,881 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $109,603 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $194 |
| Printing, publications, postage, and shipping | $369 |
| Other expenses | $98,885 |
| Total expenses | $209,051 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $198,934 |
| Other assets | $0 |
| Total assets | $198,934 |
| Total liabilities | $2,619 |
| Net assets or fund balances | $196,315 |
Grants Awarded
Over the last fiscal year, Newark Partnership Inc has awarded $100,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SWITCH BOARD SHOP PURPOSE: CAPITAL IMPROVEMENTS | $10,000 |
AI WHOO LLC PURPOSE: FUND PILOT STUDY | $10,000 |
NEWARK NATURAL FOODS PURPOSE: OPEN-AIR COOLER | $10,000 |
DELAWARE TOOL EXCHANGE PURPOSE: PURCHASE TRUCK | $7,500 |
LORI'S HANDS INC PURPOSE: LORI'S HANDS INITIAT | $9,000 |
FRIENDSHIP HOUSE PURPOSE: FINANCAIL ASSIST | $10,000 |