NEWBO CITY MARKET

CEDAR RAPIDS, IA, 52401-2306 (319) 200-4050 Est. 2009 EIN 27-0600567

S31 - Urban & Community Economic Development 990 - Public charity return 501(c)(3)

www.newbocitymarket.org

Mission

FOSTER ECONOMIC DEVELOPMENT BY UPLIFTING ENTREPRENEUERS AND ARTISTS THROUGH AN EQUITABLE BUSINESS INCUBATOR, ACCESSIBLE PUBLIC PROGRAMMING, AND A COMMUNITY GATHERING SPACE.

Financials

Total Revenue

$2,496,642

Total Expenses

$1,149,452

Net Assets

$3,538,473

30 employees 20 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

3.1 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 131.9%

Expenses ↑ 7.0%

Revenue Sources

Contributions 74.8% Earned revenue 20.6% Investment 1.2% Other 3.0%

Expense Breakdown

Program 58.8% Management 34.4% Fundraising 6.7%

Officers & Key Employees (17)

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Grants Received (49)

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Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$2,496,642 ↑	$1,149,452	$3,538,473
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$1,076,799 ↓	$1,074,263	$2,188,501
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$1,383,456 ↑	$1,160,132	$2,183,739
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$592,544 ↓	$899,766	$2,052,330
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$715,635	$1,147,164	$2,703,935