IRS 990 Nonprofit Profile

New Market Opportunity Fund INC

| Explanation:| Primary Purposes: a To lessen the burdens of government on community development economic development public health and safety or workforce development projects by providing innovative entrepreneurial solutions that will cut costs and increase the overall impact ofthese programs in the State of Indiana State; bTo develop the capacity to improve the quality of life within economically distressed communities in the State; c To provide education by instructing or training individuals and organizations for the purpose of improving or developing their capabilities in the State; d To participate in community based economic development activities as contemplated under Indiana Code Community Based Economic Development Activities in the State; or eTo make public welfare investments as contemplated in Section 24 of the Federal Deposit Insurance Act 12U.S.C.1831a Part 362 of the FDIC's Rules and Regulations and 12C.F.R.Part 362 and Section 24 eleventh of the National Bank Act 12 U.S.C. 2411th a Public Welfare Investment in the State. | Explanation:| Primary Mission: a To lessen the burdens of government on community development economic development public health and safety or workforce development projects by providing innovative entrepreneurial solutions that will cut costs and increase the overall impact ofthese programs in the State of Indiana State; bTo develop the capacity to improve the quality of life within economically distressed communities in the State; c To provide education by instructing or training individuals and organizations for the purpose of improving or developing their capabilities in the State; d To participate in community based economic development activities as contemplated under Indiana Code Community Based Economic Development Activities in the State; or eTo make public welfare investments as contemplated in Section 24 of the Federal Deposit Insurance Act 12U.S.C.1831a Part 362 of the FDIC's Rules and Regulations and 12C.F.R.Part 362 and Section 24 eleventh of the National Bank Act 12 U.S.C. 2411th a Public Welfare Investment in the State.

Financials

Filing year
2024
Total revenue
$-742K
Total expenses
$0
Total assets
$812K
EIN
851982223
Location
Syracuse, IN

Leadership and Compensation

S Joe DeHaven - Governing Board Director
$13K
Dennis Carson - Governing Board Director
$0
Frank Hoffman - Secretary Treasurer
$0
Andrew Wiand - President Governing Board Director
$0
Peter Giles - Advisory Board Member
$0
Jodi Golden - Advisory Board Member
$0
John Murphy - Advisory Board Member
$0
Matthew B Murphy III - Advisory Board Member
$0
Chad Pittman - Advisory Board Member
$0
Gene Smith - Advisory Board Member
$0

Officers, directors and key employees with total reported compensation, from Form 990 Part VII.

Governance

Voting board members
3
Independent members
3

N.A.

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Financial data on this page is sourced from IRS Form 990 filings.