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Nonprofiteer
← NEW CASTLE MAIN STREET INC

Form 990 for tax year 2023

Filed by NEW CASTLE MAIN STREET INC.

Totals

Total revenue
$412,257
Total expenses
$536,249
Contributions and grants received
$412,257
Grants paid
$250,035
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$10,023
Total liabilities, end of year
$3,687
Net assets or fund balances, end of year
$6,336
Program services expenses (Part IX)
$518,295
Management and general expenses
$17,954
Fundraising expenses
$0
Program service expenses (Part III)
$518,295

Program services were 96.7% 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.

  • 1e · Government grants (contributions)

    $247,686

  • 1f · All other contributions, gifts and grants

    $164,571

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,035 · program services $250,035

  • 5 · Compensation of officers, directors and key employees

    total $36,923 · program services $33,231 · management and general $3,692 · fundraising $0

  • 7 · Other salaries and wages

    total $39,107 · program services $39,107 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $3,846 · program services $3,461 · management and general $385 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $1,780 · program services $0 · management and general $1,780 · fundraising $0

  • 11c · Fees: accounting

    total $1,475 · program services $0 · management and general $1,475 · fundraising $0

  • 12 · Advertising and promotion

    total $25,954 · program services $25,954 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $10,247 · program services $0 · management and general $10,247 · fundraising $0

  • 16 · Occupancy

    total $3,548 · program services $3,548 · management and general $0 · fundraising $0

  • 17 · Travel

    total $14,249 · program services $14,249 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $2,569 · program services $2,569 · management and general $0 · fundraising $0

  • 24a · Other expenses: MISC

    total $375 · program services $0 · management and general $375 · fundraising $0

  • 24e · All other expenses

    total $146,141 · program services $146,141 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $130,045 · end of year $10,023

  • 17 · Accounts payable and accrued expenses

    end of year $3,687

  • 27 · Net assets without donor restrictions

    beginning of year $130,045 · end of year $6,336

Mission and programs · 2023

Mission

DEDICATED TO RENEWING, GROWING AND PROMOTING DOWNTOWN NEW CASTLE BY STIMULATING ECONOMIC GROWTH AND FOSTERING COMMUNITY PRIDE WHILE PRSERVING OUR UNIQUE HISTORY.

  • BUILDING RENNOVATION ASSISTANCE PROGRAM PROGRAM TO HELP DOWNTOWN BUSINESSES RENOVATE THEIR BUILDING TO BETTER DOWNTOWN.

    Expenses $250,035 · Grants $250,035 · Revenue $190,637

  • HCH HOST EVENTS FOR LOCAL HOSPITAL USING COMMUNITY RESOURCES

    Expenses $60,168 · Revenue $62,792

  • FORTH FRIDAYS MONTHLY EVENT HELD IN DOWNTOWN NEW CASTLE TO SPOTLIGHT AREA BUSINESS AND BRING THE COMMUNITY TO THE AREA. EVENTS INCLUDE MUSIC, ART, AND FOOD.

    Expenses $28,057 · Revenue $1,000

  • OTHER COMMUNITY SERVICES

    Expenses $180,035 · Revenue $157,828

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DUKE HAMM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ED HILL

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • COREY MURPHY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JEANNIE FOX

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • NATHAN BENNETT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHONDA KANE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KERRY SMITH-BUCK

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DUSTIN VINCENT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VICKIE BERTRAM

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TERRY MCCALL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT FROST

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CARRIE BARRETT

    PAST DIRECTOR

    Total calculated
    $36,923
    From this org
    $36,923
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $36,923
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $36,923

  • EMILY HURST

    CURRECT DIRECTOR

    Total calculated
    $27,704
    From this org
    $27,704
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202423209349312757

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