Overview
What is Newtown Macon Inc?
Newtown Macon Inc, located in Macon, Georgia, is a nonprofit organization committed to enhancing its community. Their mission involves attracting, utilizing, and investing in self-sustaining transformation. They achieve this by promoting the downtown lifestyle, organizing events such as First Fridays, beautifying the streets, and advertising upcoming events. Furthermore, they manage the development of the Ocmulgee Heritage Trail and promote downtown living through marketing and the Loft Finder online service. By implementing these strategies, Newtown Macon Inc has successfully attracted new residents, reaching an impressive 96% occupancy rate at the end of the fiscal year.
Official website here: www.newtownmacon.com
What are the reviews and ratings of this charity?
Newtown Macon Inc has received an impressive Four-Star out of Four Star rating from Charity Navigator, with an overall score of 91%. This high rating is attributed entirely to its Accountability & Finance beacon, indicating strong financial health and transparency. Key factors contributing to this score include a fully independent board, rigorous financial oversight, and a commitment to maintaining policies that promote ethical governance.
The organization demonstrates significant strengths in financial management, with a program expense ratio of nearly 82%, indicating that a substantial portion of funding is directed towards its mission. The organization also benefits from low fundraising costs, with just $0.04 spent to raise each dollar, demonstrating efficiency in resource allocation. Additionally, the long working capital ratio suggests that the organization is well-positioned to sustain operations over the long term.
However, while the charity exhibits strong financial performance, areas such as impact measurement and cultural assessment have not been scored. This leaves some gaps in understanding the broader impact of their work. It's important for potential donors and supporters to consider these aspects when evaluating the organization’s effectiveness in delivering its mission. Overall, Newtown Macon Inc is positioned well in the nonprofit sector, highlighting a robust model of accountability and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Newtown Macon Inc?
82% of 41 reviewers on Facebook recommend Newtown Macon Inc. Here's a summary of their thoughts:
Many users appreciate the dedication and professionalism of the staff, highlighting their positive impact on the community. The support and commitment shown by the team are frequently praised, suggesting a strong sense of connection and trust between the nonprofit and its stakeholders.
Though the overall recommendation rate is solid, the limited number of reviews indicates that there may be mixed experiences among those who have engaged with the organization. Overall, it seems that Newtown Macon Inc is making a positive impression on the people it serves.
This AI summary has been generated from reviews found on Facebook.
Is Newtown Macon Inc legitimate?
Newtown Macon Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newtown Macon 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: $406,887
Professional Fundraising Fees: $0
Other Salaries and Wages: $581,553
For more financial information, click here
Official website here: www.newtownmacon.com
What is the mission statement of Newtown Macon Inc?
Newtown Macon Inc's mission is centered around attracting, leveraging, and investing in self-sustaining transformation. To achieve this, the organization promotes a desirable neighborhood that is both livable and walkable, encouraging the downtown lifestyle and providing recreational activities. This is done through managing events like First Friday, beautifying the streets, promoting local events, and promoting the development of the Ocmulgee Heritage Trail. Newtown Macon also supports downtown living by marketing and branding the area and helping people find suitable accommodation through an online service. As a result of these strategies, Newtown Macon has successfully attracted new residents, surpassing their initial goal of 85% occupancy with 96% of the lofts occupied at the end of the fiscal year.
Official website here: www.newtownmacon.com
What is the revenue of Newtown Macon Inc?
Newtown Macon Inc's revenue in 2024 was $2,735,233.
Official website here: www.newtownmacon.com
Who are the executives of Newtown Macon Inc and what are their salaries?
The average compensation at Newtown Macon Inc during 2024 was $65,896. There are 15 employees and 185 volunteers at Newtown Macon Inc.
Here are 31 key members and their salaries:
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Official website here: www.newtownmacon.com
Where can I find the form 990 for Newtown Macon Inc?
Newtown Macon Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.newtownmacon.com
Learn more at the official website: www.newtownmacon.com
Mission Statement of Newtown Macon Inc
Newtown Macon Inc is committed to spearheading self-sustaining transformation. Their mission encompasses attracting, leveraging, and investing in initiatives that foster lasting change. To accomplish this, they focus on creating a desirable living environment. Newtown Macon promotes the downtown lifestyle, arranging recreational activities, and making the area both livable and walkable. They enhance the sense of place by organizing events such as First Fridays, beautifying streets, advertising downtown happenings, and developing the Ocmulgee Heritage Trail. Furthermore, they market and brand downtown living, offering an online service called Loft Finder at NewtownMacon.com/Loft-Finder to help people find suitable residences. These strategies have been instrumental in attracting new residents to the area, reaching an impressive 96% occupancy rate at the end of the fiscal year, surpassing their initial goal of 85%.
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Impact
July, 2024
Newtown Macon Inc's impact includes creating a desirable and livable downtown neighborhood in Macon, Georgia. By managing events, beautifying streets, promoting downtown activities, and supporting the development of the Ocmulgee Heritage Trail, Newtown Macon has enhanced the sense of place in the area. Through marketing efforts and the Loft Finder online service, they have successfully attracted new residents, exceeding their occupancy goals. Their work contributes to the community's improvement by fostering a vibrant downtown lifestyle and promoting economic development.
This information is meant to be a general summary of Newtown Macon 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,200,349
- Program Service Revenue: $438,277
- Gross Receipts: $4,836,648
Assets and Liabilities:
- Total Assets: $32,465,436
- Total Liabilities: $12,922,122
- Net Assets: $19,543,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE CONTRACTS
Revenue
$275,167
ORIGINATION FEE CDFI PROGRAMS
Revenue
$104,998
INTEREST FROM CDFI PROGRAM
Revenue
$43,051
TUITION ENTREPRENEUR EDUC.
Revenue
$15,061
Organization Details
Founding Year
1998
Principal Officer
James Fritze
Website
www.newtownmacon.comNTEE Category
Code: S21 - Community improvement
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