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FOSTER ECONOMIC DEVELOPMENT BY UPLIFTING ENTREPRENEUERS AND ARTISTS THROUGH AN EQUITABLE BUSINESS INCUBATOR, ACCESSIBLE PUBLIC PROGRAMMING, AND A COMMUNITY GATHERING SPACE.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$2.5M
Program Spending
59%
of total expenses go to program services
Total Contributions
$1.9M
Total Expenses
▼$1.1M
Total Assets
$4.1M
Total Liabilities
▼$575.1K
Net Assets
$3.5M
Officer Compensation
→$108.5K
Other Salaries
$393.2K
Investment Income
$28.7K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.3M
Awards Found
3
Department of Commerce
$1.3M
THIS EDA INVESTMENT WILL RESULT IN THE EXPANSION AND RENOVATION OF NEWBO CITY MARKET IN CEDAR RAPIDS, IOWA. THROUGH THIS PROJECT, THE MARKET WILL INCREASE SPACE AVAILABLE TO AGRICULTURAL ENTREPRENEURS BY 30 PERCENT AND CONTINUE TO DRIVE WORKFORCE GROWTH, REDEVELOPMENT, AND LOCAL FOOD SYSTEMS IN THE AREA. THE PROJECT WILL INCLUDE UPGRADES TO THE STRUCTURAL FOUNDATION, AS WELL AS MODIFICATIONS OR UPGRADES TO THE UTILITIES TO SUPPORT THE MEZZANINE (HVAC, ELECTRICAL, PLUMBING, WATER, AND GAS). THE ECONOMIC IMPACT OF THE PROJECT WILL SPILL OVER INTO THE SURROUNDING PERSISTENT, HIGH POVERTY CENSUS TRACTS BY SPURRING BOTH ENTREPRENEURIAL AND AGRICULTURAL-RELATED BUSINESS CREATION. AS A DIRECT RESULT OF THIS PROJECT, IT IS ANTICIPATED THAT BETWEEN 40 AND 75 JOBS WILL BE CREATED AS SELF-EMPLOYED INDIVIDUALS GRADUATE FROM NEWBO?S TECHNICAL ASSISTANCE AND INCUBATION PROGRAMS. THIS PROJECT WAS MADE POSSIBLE BY THE REGIONAL PLANNING EFFORTS LED BY THE EAST CENTRAL IOWA COUNCIL OF GOVERNMENTS. EDA FUNDS EAST CENTRAL IOWA COUNCIL OF GOVERNMENTS TO BRING TOGETHER THE PUBLIC AND PRIVATE SECTORS TO CREATE AN ECONOMIC DEVELOPMENT ROADMAP TO STRENGTHEN THE REGIONAL ECONOMY, SUPPORT PRIVATE CAPITAL INVESTMENT AND CREATE JOBS.
National Endowment for the Arts
$30K
PURPOSE: TO SUPPORT AN IMMERSIVE ART INSTALLATION IN THE HISTORIC NEW BOHEMIA NEIGHBORHOOD OF CEDAR RAPIDS IOWA.
National Endowment for the Arts
$10K
PURPOSE: TO SUPPORT AN ARTS BUSINESS INCUBATOR AND RESIDENCY PROGRAM.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
990-N (e-Postcard) Filing History
This organization files simplified Form 990-N (annual gross receipts ≤ $50,000).
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $2.5M | $1.9M | $1.1M | $4.1M | $3.5M |
| 2023 | $1.1M | $527.5K | $1.1M | $2.8M | $2.2M |
| 2022 | $1.4M | $810.9K | $1.2M | $2.9M | $2.2M |
| 2021 | $819.9K | $470.1K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Parisi Julie | Executive Director | 40 | $99.4K | $0 | $9,089 | $108.5K |
| Swenson Scott | Vice Chair | 2 | $0 | $0 | $0 | $0 |
| O'Hara Kelly | Treasurer | 2 | $0 | $0 | $0 | $0 |
| Karl Joana | Secretary | 2 | $0 | $0 | $0 | $0 |
| Yanez Gladys | Past Chair | 2 | $0 | $0 | $0 | $0 |
| Sytsma Jason | Chair | 2 | $0 | $0 | $0 | $0 |
Parisi Julie
Executive Director
$108.5K
Hrs/Wk
40
Compensation
$99.4K
Related Orgs
$0
Other
$9,089
Swenson Scott
Vice Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
O'Hara Kelly
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Karl Joana
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Yanez Gladys
Past Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sytsma Jason
Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Armitage Anne | Director | 1 | $0 | $0 | $0 | $0 |
| Banta Tom | Director | 1 | $0 | $0 | $0 | $0 |
| Bynoe Warren | Director | 1 | $0 | $0 | $0 | $0 |
| Durin Peter | Director | 1 | $0 | $0 | $0 | $0 |
| Hanna Kim | Director | 1 | $0 | $0 | $0 | $0 |
| Jones Diana | Director | 1 |
Armitage Anne
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Banta Tom
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Bynoe Warren
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $888.3K |
| $2.2M |
| $2M |
| 2020 | $592.5K | $192.4K | $899.8K | $2.4M | $2.1M |
| 2019 | $828.4K | $158.4K | $1.2M | $2.5M | $2.4M |
| 2018 | $715.6K | $143K | $1.1M | $3M | $2.7M |
| 2017 | $835.5K | $261.1K | $1.1M | $3.4M | $3.1M |
| 2016 | $521.9K | $114.6K | $871.2K | $3.7M | $3.4M |
| 2015 | $450K | $468.5K | $931K | $4M | $3.7M |
| 2014 | $477.5K | $71.4K | $897.5K | $4.5M | $4.2M |
| 2013 | $516.3K | $72.8K | $1.2M | $5.3M | $4.6M |
| 2012 | $2.6M | $2.5M | $458.1K | $7.6M | $5.2M |
| 2011 | $317.1K | $317.1K | $96.3K | $224.8K | $224.8K |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2009 | 990-EZ | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Kotecha Pankit | Director | 1 | $0 | $0 | $0 | $0 |
| Lala Rob | Director | 1 | $0 | $0 | $0 | $0 |
| Larson Tim | Director | 1 | $0 | $0 | $0 | $0 |
| Mead April | Director | 1 | $0 | $0 | $0 | $0 |
| Meyer Mark | Director | 1 | $0 | $0 | $0 | $0 |
Durin Peter
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Hanna Kim
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jones Diana
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kotecha Pankit
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lala Rob
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Larson Tim
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mead April
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Meyer Mark
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0