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Newport City Renaissance Corp

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

EIN: 450565353 ✦ Newport, VT ✦ Designated as a 501(c)(6)

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Overview

What is Newport City Renaissance Corp?

Newport City Renaissance Corp is a nonprofit organization committed to fostering economic growth and development in its city, particularly in the historic downtown area. They collaborate with other organizations to plan and execute projects that aim to densify the downtown region. Their strategy for promoting the area involves branding it as "Newport genuine," through a comprehensive website and marketing strategy. Their mission is to revitalize the city's economy and enhance its appeal, thereby attracting more visitors and businesses.


Official website here: www.discovernewportvt.com

Is Newport City Renaissance Corp legitimate?

Newport City Renaissance Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Newport City Renaissance Corp submitted a form 990EZ, 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: $40,000

For more financial information, click here


Official website here: www.discovernewportvt.com

What is the mission statement of Newport City Renaissance Corp?

The Newport City Renaissance Corp's mission involves collaborating with other organizations for economic development and planning. Their primary focus is on fostering growth, particularly in the historic downtown area, through dense development. They also employ a marketing strategy, branding the area as 'Newport Genuine', with the aim of enhancing its online presence and attracting visitors. Their objective is to contribute to the area's overall improvement and development.


Official website here: www.discovernewportvt.com

What is the revenue of Newport City Renaissance Corp?

Newport City Renaissance Corp's revenue in 2024 was $179,629.


Official website here: www.discovernewportvt.com

Who are the executives of Newport City Renaissance Corp and what are their salaries?

The average compensation at Newport City Renaissance Corp during 2024 was $40,000. There is 1 employee at Newport City Renaissance Corp.

Here are 8 key members and their salaries:


Sarah Chadburn (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Grimes (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eleanor Leger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Carbine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Felicia Vandever (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Umair Malik (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Smartt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Laforce (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.discovernewportvt.com

Where can I find the form 990 for Newport City Renaissance Corp?

Newport City Renaissance Corp's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.discovernewportvt.com

Learn more at the official website: www.discovernewportvt.com

Mission Statement of Newport City Renaissance Corp

Newport City Renaissance Corp, as a nonprofit organization, is dedicated to fostering economic growth and development in partnership with other entities. Their mission is centered around planning and executing projects that stimulate the economy, with a specific focus on the dense development of historic downtown areas. The corporation also plays a significant role in branding these areas, promoting them through a strategic marketing campaign known as "Newport Genuine." By employing this approach, Newport City Renaissance Corp aims to enhance the appeal and appeal of these downtown zones, thereby encouraging investment and development.

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Impact




August, 2024

Newport City Renaissance Corp's impact includes driving economic growth through strategic partnerships and development projects, revitalizing the historic downtown area, and enhancing the city's brand through innovative marketing initiatives like the Newport genuine campaign. Their work contributes to the overall community improvement and sustainability of Newport, VT.




This information is meant to be a general summary of Newport City Renaissance Corp. 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
$179,629 (2024)
Expenses
$201,903 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $2,137
  • Program Service Revenue: $1,205
  • Gross Receipts: $179,629

Assets and Liabilities:

  • Total Assets: $186,331
  • Total Liabilities: $61,044
  • Net Assets: $125,287

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Organization Details

Principal Officer

Sarah Chadburn

NTEE Category

Code: S30 - Community improvement

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