Skip to main content
Filing year 2024

NEWTON DEVELOPMENT CORPORATION

Newton, Iowa·EIN 42-6076592·6
Total revenue
$215k
Total assets
$744k
Total expenses
$171k
Reported officers
19
Mission

THE NEWTON DEVELOPMENT CORPORATION STRIVES TO IMPROVE THE ECONOMIC WELL-BEING OF THE NEWTON COMMUNITY. WE ACCOMPLISH THIS THROUGH COLLABORATION WITH OTHER COMMUNITY STAKEHOLDERS TO INCREASE INVESTMENT IN NEWTON BY RETAINING, GROWING, AND ATTRACTING BUSINESS. OUR SUCCESS IS MEASURED THROUGH GROWTH IN EMPLOYMENT, POPULATION, HOUSING, RETAIL SALES, TAX BASE, HEALTHCARE ACCESSIBILITY AND SCHOOL ENROLLMENT. WE WILL FOLLOW THESE PRINCIPLES AND VALUES; HONESTY, INTEGRITY, RESPECT, PROFESSIONALISM, TEAMWORK AND AN APPROPRIATE BALANCE OF TRANSPARANCY AND CONFIDENTIALITY.

Executive compensation

Form 990 · Schedule J · 3 reported individuals · Filing year 2024

Executive Director
$92k
$99k
Administrative Assistant
key employee
$22k
$24k
Associate Director
key employee
$5k
$6k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 16 unpaid individuals.

Up 2%
from 2023

From $90k in 2023 to $92k in 2024.

$90k
2023
$92k
2024
In today's dollarsEst.
Roughly flat in real terms$99k to $99k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NEWTON DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$234k
$207k
2023
$215k
$171k
2024
Total revenue and total expenses from IRS Form 990 filings.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.