NEWBO CITY MARKET

As filed

Subsection

03

NTEE code

S31

Classification

1200

Street

1100 3RD ST SE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• ECONOMIC DEVELOPMENT: NEWBO CITY MARKET IS A NONPROFIT ORGANIZATION SHOWCASING OUR COMMUNITY'S ASSETS, INSPIRATION, AND POTENTIAL BY CULTIVATING NEW BUSINESSES AND ENTREPRENEURSHIP AND BY SUPPORTING LOCAL ARTISTS AND ARTISANS, HARNESSING THE POWER OF CULTURE AND CREATIVITY TO DRIVE ECONOMIC GROWTH AND TO BUILD THE CHARACTER AND QUALITY OF OUR COMMUNITY. THIS CORE OF THIS MISSION IS COMMUNITY-BASED ECONOMIC DEVELOPMENT BY USING LOCAL RESOURCES IN A WAY THAT ENHANCES ECONOMIC OPPORTUNITIES WHILE IMPROVING SOCIAL CONDITIONS IN A SUSTAINABLE WAY. OFTEN COMMUNITY-BASED ECONOMIC DEVELOPMENT INITIATIVES ARE IMPLEMENTED TO OVERCOME CRISES (SUCH AS THE 2008 FLOOD) AND INCREASE OPPORTUNITIES FOR COMMUNITIES THAT ARE DISADVANTAGED. TO MEET THIS GOAL, NEWBO CITY MARKET HAS BECOME BOTH A CULTURAL ORGANIZATION AND AN ECONOMIC DEVELOPMENT INITIATIVE, BLENDING SOCIAL AND ECONOMIC DEVELOPMENT TO FOSTER THE ECONOMIC, SOCIAL, AND CULTURAL WELL-BEING OF OUR COMMUNITY. THE ORGANIZATION LOWERS BARRIERS FOR DIVERSE ENTREPRENEURS AND CREATES A LAUNCH PAD FOR STARTUP AND EARLY-STAGE BUSINESSES THAT HAVE A DISTINCT FOCUS ON LOCAL PRODUCTS. EACH YEAR, THE ORGANIZATION IS HOME TO UP TO 26 SMALL BUSINESSES EMPLOYING OVER 150 PEOPLE AND RECEIVING NEARLY $3 MILLION IN GROSS REVENUE ANNUALLY. SINCE OPENING THE MARKET IN 2012, OVER 20 SMALL BUSINESSES HAVE OR ARE IN THE PROCESS OF GRADUATING FROM THE MARKET AND OPENING STAND-ALONE LOCATIONS IN THE AREA. THE ORGANIZATION ALSO PARNTERS WITH SEVERAL COMMUNITY, MUNICIPAL, AND EDUCATIONAL INSTITUTIONS TO FOSTER ECONOMIC AND WORKFORCE DEVELOPMENT.

  Expenses $275,796 · Grants $36,163 · Revenue $593,645

• COMMUNITY ENGAGEMENT: NEWBO CITY MARKET HAS USED PLACEMAKING AS A METHOD OF ECONOMIC DEVELOPMENT FROM THE BEGINNING WITH BENEFITS THAT HAVE EXTENDED FAR BEYOND ENTICING VISITORS, ENTREPRENEURS, SMALL BUSINESSES, AND CORPORATIONS. THE ORGANIZATION HOSTS OVER 200 ARTS, ENTERTAINMENT, WELLNESS, AND COMMUNITY EVENTS OPEN TO THE PUBLIC; THESE EVENTS PROMOTE THE LOCAL CULTURE, DRIVE ECONOMIC GROWTH FOR BOTH BUSINESSES INSIDE THE ORGANIZATION AND IN THE AREA, AND BUILD THE CHARACTER AND QUALITY OF OUR PUBLIC PLACE. TO LOCAL ECONOMIES RECOVERING FROM A LOSS OF CONVENTIONAL INDUSTRY (SUCH AS THE LOSS OF INDUSTRIAL BUSINESSES IN THE DISTRICT), PLACEMAKING IS A METHOD FOR CAPITALIZING ON EXISTING STRENGTHS, RATHER THAN INVENTING NEW ONES, FOR THE PURPOSE OF DEVELOPING A STRONGER ECONOMY. WE HAVE SEEN STRONG RETURNS TO THE LOCAL ECONOMY FROM TOURISM, AN INTRINSICALLY PLACE-BASED INDUSTRY. PLACEMAKING IS AN ENVIRONMENTALLY FRIENDLY FORM OF ECONOMIC DEVELOPMENT. THE WALKABLE AND BIKEABLE STREETS AND TRAILS THAT ARE FAVORED BY THE PLACEMAKING PHILOSOPHY HAVE MADE A POSITIVE IMPACT ON NOT ONLY BUSINESS SUCCESS, BUT ALSO THE WELLNESS CULTURE OF THE COMMUNITY. WITH OUR OPEN SPACES AS PART OF BOTH THE MARKET'S AND DISTRICT'S IDENTITY, AND THEREFORE OUR DEVELOPMENT STRATEGY, IT HAS BEEN IMPORTANT TO BOTH PROTECT THESE SPACES AND IMPROVE THEM FOR GREATER UTILITY AND ENJOYMENT. PLACEMAKING ENCOURAGES THE RECOGNITION OF LOCAL ARTISTS AND MUSICIANS. IT ALSO PLACES IMPORTANCE ON PRESERVING LOCAL LANDMARKS AND SIGNIFICANT ARCHITECTURE.

  Expenses $236,569

• NEIGHBORHOOD REVITALIZATION: THE ORGANIZATION RECLAIMED AND REVITALIZED A BLOCK THAT RECEIVED MAJOR FLOOD DAMAGE IN THE CITY-WIDE FLOOD OF 2008 AND HELPS DRIVE THE REDEVELOPMENT AND REVITALIZATION OF THE CZECH VILLAGE/NEW BOHEMIA DISTRICT. THE SPACE IS BECOMING A MAJOR ATTRACTION FOR THE CITY OF CEDAR RAPIDS AND THE SURROUNDING AREA. IN 2018, THE MARKET ATTRACTED OVER 500,000 PEOPLE TO THIS REVITALIZED AREA AND HELD OVER 200 COMMUNITY EVENTS. THE MARKET ALSO HELPS BUILD A "LOCALIZED ECONOMY," BOTH INSIDE THE MARKET AND THROUGHOUT THE DISTRICT. OUR LOCALIZED ECONOMY IS IDENTIFIED BY SEVERAL BUSINESSES IN CLOSE PROXIMITY THAT ALL SHARE THE TRAITS AND VALUES OF ENTREPRENEURSHIP, ARTS AND ENTERTAINMENT, SMALL BUSINESS, LOCALLY-SOURCED PRODUCTS, AND LOCALLY-BASED TALENT WITH AN ECLECTIC BUSINESS CULTURE THAT VALUES WHAT IS UNIQUE AND "FUNKY". "NEWBO" HAS BECOME SYNONYMOUS WITH "ENTREPRENEURSHIP" IN CEDAR RAPIDS.

  Expenses $163,992

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

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $2,496,642

  Expenses

  $1,149,452

  Contributions

  $1,867,453

  Grants paid

  $36,163

• 2023

  Revenue

  $1,076,799

  Expenses

  $1,074,263

  Contributions

  $527,457

  Grants paid

  $50,526

• 2022

  Revenue

  $1,383,456

  Expenses

  $1,160,132

  Contributions

  $810,904

  Grants paid

  $28,494

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $819,874

  Expenses

  $888,287

  Assets (EOY)

  $2,228,131

• 2020 · 990

  Revenue

  $592,544

  Expenses

  $899,766

  Assets (EOY)

  $2,364,635

• 2019 · 990

  Revenue

  $828,443

  Expenses

  $1,172,726

  Assets (EOY)

  $2,536,889

• 2018 · 990

  Revenue

  $715,635

  Expenses

  $1,147,164

  Assets (EOY)

  $2,961,247

• 2017 · 990

  Revenue

  $835,540

  Expenses

  $1,057,774

  Assets (EOY)

  $3,400,586

• 2016 · 990

  Revenue

  $521,855

  Expenses

  $871,181

  Assets (EOY)

  $3,673,887

• 2015 · 990

  Revenue

  $450,036

  Expenses

  $930,973

  Assets (EOY)

  $4,009,911

• 2014 · 990

  Revenue

  $477,491

  Expenses

  $897,464

  Assets (EOY)

  $4,521,331

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $458,149

  Assets (EOY)

  $7,598,483

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Form 990-N e-Postcard, tax year 2010

Tax period

1 January 2010 to 31 December 2010

Principal officer

Sara Ordover

Mailing address

PO Box 667Cedar Rapids IA 524060667

Website

www.newbocitymarket.com

Doing business as

NewBo City Market

As filed, from the IRS e-Postcard file of 2 November 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• GREATER CEDAR RAPIDS COMMUNITY FOUNDATION

  $86,000

  2022 · SUSTAINABLE PLAYSCAPE AT NEWBO CITY MARKET, PROGRAM SUPPORT: SPONSORING COST FOR ELA FARMERS AT THE MARKET, EXPANDING THE HATCHERY FOR ENTREPRENEURSHIP EQUITY, INCREASING MARKET EVENT CAPACITY

• DELTA DENTAL OF IOWA FOUNDATION

  $72,500

  2024 · MENTAL HEALTH EQUITY INCUBATION PROGRAM

• GREATER CEDAR RAPIDS COMMUNITY FOUNDATION

  $52,028

  2024 · STORAGE UNIT PROJECT, NEWBO CITY MARKET 2025 OPERATIONAL SUPPORT, COMPREHENSIVE ENTREPRENEURSHIP EQUITY, GENERAL SUPPORT

• COMMUNITY FDN OF GREATER DES MOINES

  $50,000

  2022 · GRANT DISTRIBUTION

• DONOR ADVISED CHARITABLE GIVING

  $27,000

  2024 · PUBLIC, SOCIETAL BENEFIT

• GREATER CEDAR RAPIDS COMMUNITY FOUNDATION

  $26,985

  2023 · EQUITABLE HEALTH ACCESS AT NEWBO CITY MARKET, REACHING NEW AUDIENCES IN ARTS AND FOOD INCUBATION, STORAGE UNITY PROJECT

• THE BLACKBAUD GIVING FUND

  $25,300

  2025 · GENERAL SUPPORT

• MERCY MEDICAL CENTER

  $25,000

  2022 · GENERAL SUPPORT

• DONOR ADVISED CHARITABLE GIVING

  $25,000

  2023 · PUBLIC, SOCIETAL BENEFIT

• IOWA WOMENS FOUNDATION

  $25,000

  2022 · Entrepreneurship Equity for Women

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files