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Organizations Newton Development Corporation

Newton Development Corporation

Fiscal year ending 2024. Filed on June 9, 2025.

403 W 4th St N
Newton, Iowa 50208

Newton Development Corporation (EIN: 42-6076592) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Newton Development Corporation, a 501(c)(6) business league, reported compensation for 3 out of 3 total employees. Among the employees shown here, the average compensation is $39,827. The highest compensated employee at Newton Development Corporation is Frank Liebl with fiscal year 2024 compensation of $92,000.

Revenue, expenses, and employee compensation

Revenue

$215,426

Expenses

$170,915

Employee compensation

$128,737
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Frank Liebl
Executive Director
$92,000
$92,000 No related compNo other comp
Jenny Michael
Administrative Assistant
$22,000
$22,000 No related compNo other comp
Tanya Michener
Associate Director
$5,480
$5,480 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Amanda Accola
Executive Committee Member
Amanda Dougherty
Board Member
Chad Kelley
Executive Committee Member
Craig Armstrong
Executive Committee Member
Jason Lauterbach
Board Member
Jeff Price
Secretary and Treasurer
Jo Jenkins
Executive Committee Member
John Thalacker
Board Member
Kim Didier
Executive Committee Member
Kirk Ringgenberg
Board Member
Mark Allen
Vice Chair
Melissa Butler
Board Member

Mission Statement

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.

Revisions to this organization profile

June 9, 2025:
2024 Newton Development Corporation 990 filed
May 17, 2024:
2023 Newton Development Corporation 990 filed
July 10, 2023:
2022 Newton Development Corporation 990 filed

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