Skip to content
Nonprofiteer
← NEWPORT COUNTY DEVELOPMENT COUNCIL

Form 990 for tax year 2024

Filed by NEWPORT COUNTY DEVELOPMENT COUNCIL.

Totals

Total revenue
$244,701
Total expenses
$242,271
Contributions and grants received
$148,896
Grants paid
$0
Program service revenue
$0
Investment income
$8,917
Other revenue
$86,888
Total assets, end of year
$562,067
Total liabilities, end of year
$416,035
Net assets or fund balances, end of year
$146,032
Program services expenses (Part IX)
$13,950
Management and general expenses
$228,321
Fundraising expenses
$0
Program service expenses (Part III)
$13,950

Program services were 5.8% 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.

  • 1e · Government grants (contributions)

    $148,896

  • 3 · Investment income

    total $8,917 · related or exempt $8,917

  • 11a · Other revenue: SERVICES

    total $64,088 · excluded $64,088

  • 11b · Other revenue: ADMINISTRATIVE FEES

    total $22,800 · excluded $22,800

  • 11e · Other revenue, total

    $86,888

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,573 · management and general $1,573

  • 11f · Fees: investment management

    total $1,215 · management and general $1,215

  • 11g · Fees: other

    total $225,533 · management and general $225,533

  • 22 · Depreciation, depletion and amortization

    total $13,950 · program services $13,950

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $170,556 · end of year $306,404

  • 4 · Accounts receivable

    beginning of year $8,956 · end of year $124,774

  • 11 · Investments: publicly traded securities

    beginning of year $122,725 · end of year $129,146

  • 14 · Intangible assets

    beginning of year $15,693 · end of year $1,743

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,941 · end of year $92,151

  • 25 · Other liabilities

    beginning of year $159,979 · end of year $323,884

  • 27 · Net assets without donor restrictions

    beginning of year $141,010 · end of year $146,032

Mission and programs · 2024

Mission

ASSIST NEWPORT COUNTY CHAMBER OF COMMERCE IN IDENTIFYING, DEVELOPING, OPERATING,FUNDING AND SUPPORTING PROJECTS THAT STIMULATE COMMERCE AND TRADE IN NEWPORT COUNTY,RHODE ISLAND.

  • CONNECT GREATER NEWPORT: THE REGIONAL ECONOMIC DEVELOPMENT INITIATIVE IN NEWPORT COUNTY AND THE EAST BAY IS A PROJECT THAT WILL IMPLEMENT THE CREATION OF AN ORGANIZATIONAL FRAMEWORK, THE DEVELOPMENT OF AN INTEGRATED WEBSITE AND MARKETING MATERIALS, AND THE ESTABLISHMENT OF PROACTIVE POLICIES DESIGNED TO FURTHER EFFORTS FOR CLOSER REGIONAL COLLABORATION AND THE STRENGTHENING OF THE COUNTYS ECONOMIC AND CIVIC VITALITY.

  • CONNECT GREATER NEWPORT: THE REGIONAL ECONOMIC DEVELOPMENT INITIATIVE IN NEWPORT COUNTY AND THE EAST BAY IS A PROJECT THAT WILL IMPLEMENT THE CREATION OF AN ORGANIZATIONAL FRAMEWORK, THE DEVELOPMENT OF AN INTEGRATED WEBSITE AND MARKETING MATERIALS, AND THE ESTABLISHMENT OF PROACTIVE POLICIES DESIGNED TO FURTHER EFFORTS FOR CLOSER REGIONAL COLLABORATION AND THE STRENGTHENING OF THE COUNTYS ECONOMIC AND CIVIC VITALITY.

    Expenses $13,950

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gail Alofsin

    DIRECTOR

    Total calculated
    $0

  • Richard Cromwell

    CHAIRMAN

    Total calculated
    $0

  • Leland Merrill

    TREASURER

    Total calculated
    $0

  • Joseph Nicholson

    SECRETARY

    Total calculated
    $0

  • Cristina Offenberg

    LEGAL COUNSE

    Total calculated
    $0

  • Craig Sculos

    DIRECTOR

    Total calculated
    $0

  • Andrew Tavares

    EX-OFFICIO

    Total calculated
    $0

  • Melissa Varao

    VICE CHAIR

    Total calculated
    $0

  • Matthew Vargas

    DIRECTOR

    Total calculated
    $0

  • Erin Donovan-Boyle

    PRESIDENT &

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
23 February 2025
IRS schema version
2024v5.0
Source object
202610709349301326

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.