Downtown Newton Development Association
Nonprofit profile at a glance
- EIN
- 311728775
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Newton, NC, USA
- Phone
- 8286954360
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Human Services N.E.C.
Reported finances
- Revenue
- $96,723
- Expenses
- $95,100
- Assets
- $58,921
- Liabilities
- $1,921
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MARY YOUNT (EXECUTIVE DIRECTOR)
People named in this filing
- AMANDA DRUM-DOWELL (MEMBER)
- JENNIFER STIVER (CHAIR)
- JODY DIXON (MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Historic Preservation: Promoting the preservation, protection, and use of Newton's traditional downtown area, including its commercial, civic, and religious enterprises, as well as residences.Remedial Actions: Addressing and mitigating physical, economic, and social deterioration in Newton's traditional downtown area.Education and Dissemination: Holding meetings and distributing information to foster understanding and appreciation of Newton's history, culture, and architecture.Community Engagement: Working with other organizations, individuals, and entities, both within and outside Newton, that share similar purposes.Fund Administration: Soliciting, receiving, and managing funds for educational and preservation purposes, including managing gifts, grants, and other financial assets.
What it reported doing in 2024
Foothills folk art festivalmusic on maindowntown newton christmas crawllight up the town
Operating model
- Revenue model
- Other-operating. 97% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 22
- Transparency & Controls: 82
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 21.5%; rating input score 22
- Program expense ratio: 21.9%; rating input score 22
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 1.7%; rating input score 49; 49th percentile among comparable filings
- Total-asset coverage ratio: 0.62; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 150% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 24.1% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 21.5% of revenue deployed · 21.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $21K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 22/100.
- High — Financial Efficiency: Program expense ratio scored 22/100.
- Moderate — Sustainability: Operating margin scored 49/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.