Economic Corporation Of Newport Inc

Newport, NH
Tax-exempt since Oct. 1995
EIN: 22-3259325

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Revenue

$84.9k (2024)

Expenses

$68.3k (2024)

Total Assets

$1.78M (2024)

Total Liabilities

$790k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Revenue

$84,921

Expenses

$68,278

Net Income

$16,643

Net Assets

$989,198

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$27,348	32.2%
Program Services	$10,000	11.8%
Investment Income	$47,573	56.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,778,827
Total Liabilities	$789,629
Net Assets	$989,198

Compensation

Key Employees and Officers	Compensation	Related	Other
Kyle Harris (President)	$0	$0	$0
Paul Brown (Vice President)	$0	$0	$0
Terry Dorr (Treasurer)	$0	$0	$0
Richard Bates (Secretary)	$0	$0	$0
Robert Collins (Director)	$0	$0	$0
Shannon Macmichael (Director)	$0	$0	$0
Bryan Huot (Director)	$0	$0	$0
Kate Luppold (Director)	$0	$0	$0
Gary Dudman (Director)	$0	$0	$0
James C Burroughts (Director)	$0	$0	$0
Karen Doucette (Director)	$0	$0	$0
Mark Pitkin (Director)	$0	$0	$0

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990

Filed on May 15, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

-$120,797

Expenses

$269,294

Net Income

-$390,091

Net Assets

$972,555

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$55,668
Program Services	$15,000
Investment Income	$7,405
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$198,870
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,732,606
Total Liabilities	$760,051
Net Assets	$972,555

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark A Pitkin (President)	$0	$0	$0
Paul Brown (Vice President)	$0	$0	$0
Terry Dorr (Treasurer)	$0	$0	$0
Richard Bates (Secretary)	$0	$0	$0
Robert Collins (Director)	$0	$0	$0
Shannon Obey (Director)	$0	$0	$0
Bryan Huot (Director)	$0	$0	$0
Kate Luppold (Director)	$0	$0	$0
Gary Dudman (Director)	$0	$0	$0
Kyle Harris (Director)	$0	$0	$0

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990

Filed on May 9, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2022

Revenue

$69,662

Expenses

$101,496

Net Income

-$31,834

Net Assets

$1,562,646

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$56,930	81.7%
Program Services	$10,000	14.4%
Investment Income	$2,732	3.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,169,980
Total Liabilities	$607,334
Net Assets	$1,562,646

Compensation

Key Employees and Officers	Compensation	Related	Other
Hunter Rieseberg (Director)	$0	$0	$0
Mark A Pitkin (President)	$0	$0	$0
Terry Dorr (Treasurer)	$0	$0	$0
Richard Bates (Secretary)	$0	$0	$0
Robert Collins (Director)	$0	$0	$0
Bruce Jasper (Vice President)	$0	$0	$0
Donna Mahair (Director)	$0	$0	$0
Paul Brown (Director)	$0	$0	$0
Bryan Huot (Director)	$0	$0	$0
Kate Luppold (Director)	$0	$0	$0
Shannon Obey (Director)	$0	$0	$0
Gary Dudman (Director)	$0	$0	$0

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990

Filed on April 26, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$26,846

Expenses

$81,651

Net Income

-$54,805

Net Assets

$1,594,480

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$23,880	89.0%
Program Services	$0
Investment Income	$2,966	11.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,374,387
Total Liabilities	$779,907
Net Assets	$1,594,480

Compensation

Key Employees and Officers	Compensation	Related	Other
Hunter Rieseberg (Director)	$0	$0	$0
Mark A Pitkin (Vice President)	$0	$0	$0
Terry Dorr (Treasurer)	$0	$0	$0
Richard Bates (Secretary)	$0	$0	$0
Robert Collins (Director)	$0	$0	$0
Bruce Jasper (President)	$0	$0	$0
Donna Mahair (Director)	$0	$0	$0
Ella Casey (Director)	$0	$0	$0
John Hooper (Director)	$0	$0	$0
Paul Brown (Director)	$0	$0	$0
Bryan Huot (Director)	$0	$0	$0
Kate Luppold (Director)	$0	$0	$0
Jennifer Opalinski (Director)	$0	$0	$0
Joe Blair (Director)	$0	$0	$0
Gary Dudman (Director)	$0	$0	$0
Steve Smith (Director)	$0	$0	$0

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990

Filed on April 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$61,467

Expenses

$50,196

Net Income

$11,271

Net Assets

$1,649,285

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$38,165	62.1%
Program Services	$0
Investment Income	$23,302	37.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,429,126
Total Liabilities	$779,841
Net Assets	$1,649,285

Compensation

Key Employees and Officers	Compensation	Related	Other
Hunter Rieseberg (President)	$0	$0	$0
Mark A Pitkin (Vice President)	$0	$0	$0
Terry Dorr (Treasurer)	$0	$0	$0
Richard Bates (Secretary)	$0	$0	$0
Robert Collins (Director)	$0	$0	$0
Brendan Minnihan (Director)	$0	$0	$0
Bruce Jasper (Director)	$0	$0	$0
Donna Mahair (Director)	$0	$0	$0
Ella Casey (Director)	$0	$0	$0
John Hooper (Director)	$0	$0	$0
Paul Brown (Director)	$0	$0	$0

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990

Filed on May 12, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2019

Revenue

$35,480

Expenses

$32,179

Net Income

$3,301

Net Assets

$1,638,014

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$24,700	69.6%
Program Services	$0
Investment Income	$10,780	30.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,417,779
Total Liabilities	$779,765
Net Assets	$1,638,014

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2018

Revenue

$57,132

Expenses

$49,424

Net Income

$7,708

Net Assets

$1,616,103

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$54,749	95.8%
Program Services	$0
Investment Income	$2,383	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,396,296
Total Liabilities	$780,193
Net Assets	$1,616,103

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Revenue

-$743,573

Expenses

$31,501

Net Income

-$775,074

Net Assets

$1,608,395

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,000
Investment Income	$805
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$6,728
Net Fundraising	$0
Sales of Assets	-$752,850
Net Inventory Sales	$0
Other Revenue	$200

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,393,552
Total Liabilities	$785,157
Net Assets	$1,608,395

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Revenue

$2,793

Expenses

$24,068

Net Income

-$21,275

Net Assets

$2,513,816

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$20,963	> 100%
Program Services	$15,000	> 100%
Investment Income	$831	29.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$34,960
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$959	34.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,423,660
Total Liabilities	$909,844
Net Assets	$2,513,816

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Revenue

$41,287

Expenses

$36,416

Net Income

$4,871

Net Assets

$2,535,091

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$32,053	77.6%
Program Services	$35,000	84.8%
Investment Income	$788	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$26,554
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,444,854
Total Liabilities	$909,763
Net Assets	$2,535,091

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

-$19,754

Expenses

$10,424

Net Income

-$30,178

Net Assets

$2,525,220

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$947
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$20,701
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,434,969
Total Liabilities	$909,749
Net Assets	$2,525,220

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

-$4,065

Expenses

$19,584

Net Income

-$23,649

Net Assets

$2,555,748

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$22,788
Program Services	$15,000
Investment Income	$1,398
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$43,251
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,516,722
Total Liabilities	$960,974
Net Assets	$2,555,748

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$108,333

Expenses

$44,578

Net Income

$63,755

Net Assets

$2,579,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$126,325	> 100%
Program Services	$15,000	13.8%
Investment Income	$1,572	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$34,564
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,555,371
Total Liabilities	$975,974
Net Assets	$2,579,397

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$107,114

Expenses

$269,979

Net Income

-$162,865

Net Assets

$2,515,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$128,523	> 100%
Program Services	$0
Investment Income	$3,016	2.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$24,425
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,521,125
Total Liabilities	$1,005,483
Net Assets	$2,515,642

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated December 22, 2025

Economic Corporation Of Newport Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $84.9k (2024)

Expenses $68.3k (2024)

Total Assets $1.78M (2024)

Total Liabilities $790k (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending June 2023

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Compensation

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Fiscal Year Ending June 2022

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Fiscal Year Ending June 2021

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Compensation

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Fiscal Year Ending June 2020

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Compensation

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Fiscal Year Ending June 2019

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Fiscal Year Ending June 2018

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Fiscal Year Ending June 2017

Extracted Financial Data

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Fiscal Year Ending June 2016

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Fiscal Year Ending June 2015

Extracted Financial Data

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Fiscal Year Ending June 2014

Extracted Financial Data

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Fiscal Year Ending June 2013

Extracted Financial Data

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Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2011

Revenue

$84.9k (2024)

Expenses

$68.3k (2024)

Total Assets

$1.78M (2024)

Total Liabilities

$790k (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

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2021

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2020

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2019

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2018

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2017

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2016

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2015

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2014

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2013

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2012

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2011

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2010

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2009

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2008

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2007

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2006

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2005

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2004

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2003

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2002

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2001