Overview
What is Newton Main Street?
Newton Main Street is a nonprofit organization located at 403 W 4th St N, Suite 509, Newton, Iowa 50208. Its primary mission is to promote community engagement and economic growth in downtown Newton, Iowa, by facilitating various events such as farmers markets and social gatherings through the Main Street Iowa program in collaboration with the Iowa Economic Development Authority and the National Trust for Historic Preservation. The aim of this program is to drive continued revitalization and economic growth in the district. With a small team of one employee, Newton Main Street actively works towards enhancing public participation in local activities and fostering a thriving downtown community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
Newton Main Street has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is entirely based on its accountability metrics, which emphasize transparency and responsible financial management. With an impressive score of 94% in this area, the organization demonstrates a commitment to effective governance and sustainability.
Key strengths of Newton Main Street include a wholly independent board with 14 members, maintaining a robust conflict of interest policy, and the absence of any material diversion of assets. Its financial health is also notable, as indicated by a liabilities to assets ratio of just 0.99%, showcasing sound fiscal practices. The charity allocates a significant portion of its budget, approximately 78.06%, directly to program expenses, underscoring its focus on fulfilling its mission.
While the organization has excelled in accountability and finance, there are no reported limitations or areas of concern noted in the available data. This strong performance positions Newton Main Street as a reliable and effective nonprofit dedicated to its community goals.
This AI summary has been generated from information found on Charity Navigator.
Is Newton Main Street legitimate?
Newton Main Street is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newton Main Street 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: $49,776
For more financial information, click here
What is the mission statement of Newton Main Street?
Newton Main Street's mission is to facilitate the city's participation in the Main Street Iowa program, working in collaboration with the Iowa Economic Development Authority and the National Trust for Historic Preservation. The primary objective of this program is to drive continued revitalization and economic growth within the city. To achieve this, Newton Main Street organizes various downtown events, such as farmers markets and social events, encouraging public participation in activities and fostering the ongoing development of the district.
Who is the CEO of Newton Main Street?
Kaylea Marchant is the Vice President of Newton Main Street.
What is the revenue of Newton Main Street?
Newton Main Street's revenue in 2022 was $205,893.
Who are the executives of Newton Main Street and what are their salaries?
The average compensation at Newton Main Street during 2022 was $49,776. There is 1 employee and 100 volunteers at Newton Main Street.
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Where can I find the form 990 for Newton Main Street?
Newton Main Street's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Newton Main Street
Newton Main Street, a key entity, aims to foster the involvement of Newton, Iowa, in the Main Street Iowa program in collaboration with the Iowa Economic Development Authority and the National Trust for Historic Preservation. The objective of this program is to catalyze continuous revitalization and economic growth within the city. To achieve this, Newton Main Street organizes various events in the downtown area, such as farmers markets and social gatherings, encouraging public participation. These activities aim to stimulate the ongoing revitalization and economic growth of the district.
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Impact
October, 2024
Newton Main Street plays a pivotal role in the revitalization and economic growth of Downtown Newton, Iowa. By facilitating the city’s participation in the Main Street Iowa Program in conjunction with the Iowa Economic Development Authority and the National Trust for Historic Preservation, Newton Main Street actively contributes to the enhancement of the local economy and the preservation of the community's historical integrity.
Through its efforts, Newton Main Street organizes various downtown events, such as farmers markets and social gatherings, which foster public engagement and draw visitors to the area. These activities not only promote local businesses but also cultivate a vibrant community spirit, attracting residents and tourists alike. By encouraging participation in these events, the organization amplifies the cultural and social fabric of downtown Newton, ensuring it remains a lively hub for residents and visitors.
The focus on continued revitalization underlines the importance of economic sustainability in the region, creating opportunities for new ventures and strengthening existing ones. Overall, Newton Main Street is essential in shaping a dynamic and thriving downtown that benefits the entire community.
This information is meant to be a general summary of Newton Main Street. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $633
- Program Service Revenue: $47,226
- Gross Receipts: $205,893
Assets and Liabilities:
- Total Assets: $167,064
- Total Liabilities: $1,666
- Net Assets: $165,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THUNDER NIGHTS
Revenue
$30,063
VENDOR FAIR
Revenue
$2,040
CHRISTMAS ORNAMENTS
Revenue
$4,932
DOWNTOWN FLOWERS
Revenue
$3,257
ALL OTHER EVENTS
Revenue
$6,934
Organization Details
Founding Year
2014
Principal Officer
Kaylea Marchant
Main Address
403 W 4TH ST N STE 509, NEWTON, IA, 50208
NTEE Category
Code: A54 - Arts
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