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Nonprofiteer
← DEVELOP NEW ALBANY INC TT

Form 990 for tax year 2025

Filed by DEVELOP NEW ALBANY INC TT.

Totals

Total revenue
$236,769
Total expenses
$219,630
Contributions and grants received
$152,761
Grants paid
$7,238
Program service revenue
$71,314
Investment income
$115
Other revenue
$12,579
Total assets, end of year
$184,255
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$184,255
Program services expenses (Part IX)
$78,521
Management and general expenses
$140,408
Fundraising expenses
$701
Program service expenses (Part III)
$78,521

Program services were 35.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $25,850

  • 1f · All other contributions, gifts and grants

    $126,911

  • 2a · Program service revenue: VARIOUS LOCAL EVENTS

    total $71,314 · related or exempt $71,314

  • 3 · Investment income

    total $115 · excluded $115

  • 8a · Fundraising events: gross income

    $12,896

  • 8b · Fundraising events: direct expenses

    $1,198

  • 8c · Net income from fundraising events

    total $11,698 · excluded $11,698

  • 11a · Other revenue: MISC

    total $881 · excluded $881

  • 11e · Other revenue, total

    $881

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,238 · program services $7,238

  • 7 · Other salaries and wages

    total $50,328 · program services $16,105 · management and general $34,223

  • 10 · Payroll taxes

    total $4,071 · program services $1,303 · management and general $2,768

  • 11c · Fees: accounting

    total $2,415 · management and general $2,415

  • 11g · Fees: other

    total $1,402 · management and general $1,402

  • 12 · Advertising and promotion

    total $27,006 · program services $7,835 · management and general $18,470 · fundraising $701

  • 13 · Office expenses

    total $14,979 · management and general $14,979

  • 14 · Information technology

    total $5,108 · management and general $5,108

  • 16 · Occupancy

    total $21,353 · management and general $21,353

  • 19 · Conferences, conventions and meetings

    total $16,505 · management and general $16,505

  • 22 · Depreciation, depletion and amortization

    total $5,112 · management and general $5,112

  • 23 · Insurance

    total $5,800 · management and general $5,800

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $46,040 · program services $46,040

  • 24b · Other expenses: VOLUNTEER & STAFF DEVEL

    total $9,869 · management and general $9,869

  • 24c · Other expenses: BUSINESS RESOURCE CENTE

    total $2,044 · management and general $2,044

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $360 · management and general $360

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $135,915 · end of year $136,770

  • 10a · Land, buildings and equipment: cost or other basis

    $60,119

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,634

  • 10c · Land, buildings and equipment, net

    beginning of year $31,201 · end of year $47,485

  • 27 · Net assets without donor restrictions

    beginning of year $167,116 · end of year $184,255

Mission and programs · 2025

Mission

DEVELOP NEW ALBANY IS A MAIN STREET ORGANIZATION WHOSE PURPOSE IS THE HISTORIC PRESERVATION AND ECONOMIC REVITALIZATION OF DOWNTOWN NEW ALBANY, INDIANA

  • DEVELOP NEW ALBANY UNDERTAKES VARIOUS ACTIVITIES TO FURTHER ITS MISSION OF PRESERVING AND REVITALIZING DOWNTOWN NEW ALBANY. ACTIVITIES UNDERTAKEN IN THE YEAR INCLUDE: -HISTORIC HOME TOUR -HISTORIC PRESERVATION WORKSHOPS -MANAGE & PROMOTE FARMERS MARKET -HARVEST HOMECOMING FESTIVAL -EVENTS, SUCH AS THE JINGLE WALK, HOLIDAY FEST, TACO WALK, AND COOKIE STROLL

    Expenses $78,521 · Grants $7,238 · Revenue $71,314

As filed on the 2025 return.

Listed in Part VII

  • Teresa Baxter

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Miranda Zimmerman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Brad Fair

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tyler Ferree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bridget Gronotte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Britni Knable

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jim Plitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jacob Resch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Claire Johnson

    REDEVELOPMENT DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Terryn Steward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Megan Newman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Courtney Byrne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Corrie Manning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elaine Murphy

    COUNCIL APPOINTMENT

    Total calculated
    $0
    Hours/week
    2

  • Cameron Borne

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Tonya Fischer

    BUSINESS RELATIONS DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Courtney Lewis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2025
Filed
15 September 2026
IRS schema version
2025v4.2
Source object
202602589349300440

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