Newmarket Project Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341282839 ✦ Canton, OH ✦ Designated as a 501(c)(2)

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Overview

What is Newmarket Project Inc?

Newmarket Project Inc is a nonprofit organization situated in Canton, Ohio, with an address at 400 Market Avenue N, Suite 200. The primary focus of this organization is to contribute to the rehabilitation of Downtown Canton, Ohio, through activities such as purchasing, renting, and selling real property. This endeavor aims to revitalize the downtown area, enhancing its overall appeal and value. The organization's mission is deeply rooted in this objective, seeking to improve the downtown area's condition and potentially stimulate economic growth and development.

Is Newmarket Project Inc legitimate?

Newmarket Project Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Newmarket Project Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Newmarket Project Inc?

The mission of Newmarket Project Inc. involves engaging in the purchase, rental, and sale of real property with the primary goal of enhancing the rehabilitation of downtown areas. This organization aims to contribute to the revitalization of urban spaces, potentially improving the overall infrastructure and livability of the areas. By acquiring, renting, and selling real estate, Newmarket Project Inc. seeks to facilitate the rehabilitation process, thereby promoting the growth and development of downtown communities. This mission may involve working with local authorities, businesses, and residents to create a more vibrant and appealing urban environment.

Who is the CEO of Newmarket Project Inc?

Nancy Varian is the President of Newmarket Project Inc.

What is the revenue of Newmarket Project Inc?

Newmarket Project Inc's revenue in 2022 was $395,466.

Who are the executives of Newmarket Project Inc and what are their salaries?

There 4 volunteers at Newmarket Project Inc.


Here are 3 key members and their salaries:


Nancy Varian (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carrie L Bast (Secretary/Treasurer)
  • Compensation: $0
  • Related: $169,742
  • Other: $8,377
William R Cook (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Newmarket Project Inc?

Newmarket Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Newmarket Project Inc

Newmarket Project Inc, as outlined in the provided information, is dedicated to engaging in the purchase, rental, and sale of real property with the primary goal of enhancing the rehabilitation of Downtown Canton, Ohio. By undertaking these real estate activities, the organization aims to contribute to the revitalization of the downtown area, ultimately promoting its overall development and improvement. The mission of Newmarket Project Inc is centered around utilizing its resources in the property market to foster a more vibrant and rejuvenated downtown environment.

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Impact




October, 2024

Newmarket Project Inc is dedicated to revitalizing downtown Canton, Ohio, through strategic real estate initiatives. By engaging in the purchase, rental, and sale of properties, the organization focuses on enhancing the area's rehabilitation. This work not only contributes to the physical landscape of downtown Canton but also aims to stimulate economic growth, attract new businesses, and foster a sense of community. The commitment to improving real estate in the area serves as a catalyst for community improvement, creating spaces that are conducive to both residential and commercial development, thereby enriching the overall quality of life for residents and visitors alike.




This information is meant to be a general summary of Newmarket Project Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$395,466 (2022)
Expenses
$396,258 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $395,416
  • Gross Receipts: $395,466

Assets and Liabilities:

  • Total Assets: $6,593,738
  • Total Liabilities: $6,284,730
  • Net Assets: $309,008

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Organization Details

Founding Year

1979

Principal Officer

Nancy Varian

Main Address

400 MARKET AVENUE N 200, CANTON, OH, 44702

NTEE Category

Code: S47 - Community improvement

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