NEW MARKET FOUNDATION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
NEW MARKET FOUNDATION (EIN 72-1573755)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-15
IRS object ID
201743199349314374
Schema version
2016v3.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2017-11-15T16:37:55-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN421028246PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MILLER SHEARER LASHIER & COBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 307AddressLine1Txt
CitySHENANDOAHCityNm
State AbbreviationIAStateAbbreviationCd
ZIP51601ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN721573755EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEW MARKET FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNEWMBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 96AddressLine1Txt
CityNEW MARKETCityNm
State AbbreviationIAStateAbbreviationCd
ZIP51646ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTEVE CABBAGEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7128292488PhoneNum
Signature2017-11-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDAVID LASHIERPreparerPersonNm
PTINP00295232PTIN
Phone7122462029PhoneNum
Preparation2017-11-15PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address67.3.239.240IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-11-15IPDt
IP Tm16:50:33IPTm
Federal Original Submission Id4212772017319fcg541xFederalOriginalSubmissionId
Federal Original Submission Id2017-11-15FederalOriginalSubmissionIdDt
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id7BCA260E0C800F2792F4E7848131B9DA91A6E8E4AtSubmissionCreationDeviceId
At Submission Filing Device Id7BCA260E0C800F2792F4E7848131B9DA91A6E8E4AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$69,379GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2006FormationYr
Legal Domicile StateIALegalDomicileStateCd
Activity Or MissionTO PURCHASE AND CLEAN-UP BLIGHTED PROPERTIES IN THE COMMUNITY. AFTER IMPROVEMENT, THE PROPERTIES ARE THEN SOLD OR LEASED TO EMPLOYERS OR HOMEOWNERS.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$12,264PYContributionsGrantsAmt
CY Contributions Grants$59,298CYContributionsGrantsAmt
PY Program Service Revenue$4,085PYProgramServiceRevenueAmt
CY Program Service Revenue$10,081CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$16,349PYTotalRevenueAmt
CY Total Revenue$69,379CYTotalRevenueAmt
PY Grants And Similar Paid$13,614PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$46,364CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,803PYOtherExpensesAmt
CY Other Expenses$18,646CYOtherExpensesAmt
PY Total Expenses$15,417PYTotalExpensesAmt
CY Total Expenses$65,010CYTotalExpensesAmt
PY Revenues Less Expenses$932PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$4,369CYRevenuesLessExpensesAmt
Total Assets BOY$48,304TotalAssetsBOYAmt
Total Assets EOY$52,673TotalAssetsEOYAmt
Total Liabilities BOY$50,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$50,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$1,696NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,673NetAssetsOrFundBalancesEOYAmt
MissionTO PURCHASE AND CLEAN-UP BLIGHTED PROPERTIES IN THE COMMUNITY. AFTER IMPROVEMENT, THE PROPERTIES ARE THEN SOLD OR LEASED TO EMPLOYERS OR HOMEOWNERS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$63,178ExpenseAmt
Grant$63,178GrantAmt
DescGRANT TO THE LOCAL SCHOOL DISTRICT TO PRESERVE AND MAINTAIN GYMNASIUMDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,832ExpenseAmt
Grant$1,832GrantAmt
DescMAINTAINED AND LEASED INDUSTRIAL BUILDING HOUSING ONE OF THE COMMUNITYS LARGEST EMPLOYERSDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$65,010TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKEVIN CABBAGEPersonNm
Phone7128292488PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 96AddressLine1Txt
CityNEW MARKETCityNm
State AbbreviationIAStateAbbreviationCd
ZIP51646ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
STEVE CABBAGE
PRESIDENT1.000.00Yes (X)Yes (X)$0$0$0
ERIC KNOTH
VICE PRESIDENT1.000.00Yes (X)Yes (X)$0$0$0
DENNIS CRAWFORD
SECRETARY1.000.00Yes (X)Yes (X)$0$0$0
KEVIN CABBAGE
TRESURER1.000.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$59,298AllOtherContributionsAmt
Total Contributions$59,298TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST900099$81$81
LEASE531120$10,000$10,000
FieldValueIRS element (for citing)
Total Program Service Revenue$10,081TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$69,379TotalRevenueColumnAmt
Related Or Exempt Func Income$10,081RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$46,364TotalAmt
Program Services$46,364ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$360TotalAmt
Program Services$360ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,659TotalAmt
Program Services$4,659ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
MISC$1,472$1,472
RAFFLE EXP$12,155$12,155

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$65,010TotalAmt
Program Services$65,010ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$48,304BOYAmt
EOY$52,673EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$48,304BOYAmt
EOY$52,673EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$50,000BOYAmt
EOY$50,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$50,000BOYAmt
EOY$50,000EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY-$1,696BOYAmt
EOY$2,673EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$1,696BOYAmt
EOY$2,673EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$48,304BOYAmt
EOY$52,673EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$4,369ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$33,523CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$22,839CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11,054CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,264CurrentTaxYearMinus1YearAmt
Current Tax Year$59,298CurrentTaxYearAmt
Total$138,978TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$33,523CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$22,839CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11,054CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,264CurrentTaxYearMinus1YearAmt
Current Tax Year$59,298CurrentTaxYearAmt
Total$138,978TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$138,978PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$21,322CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,506CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,739CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,085CurrentTaxYearMinus1YearAmt
Current Tax Year$10,081CurrentTaxYearAmt
Total$50,733TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$21,322CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,506CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,739CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,085CurrentTaxYearMinus1YearAmt
Current Tax Year$10,081CurrentTaxYearAmt
Total$50,733TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$54,845CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$35,345CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$13,793CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$16,349CurrentTaxYearMinus1YearAmt
Current Tax Year$69,379CurrentTaxYearAmt
Total$189,711TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.73260PublicSupportCY509Pct
Public Support PY5090.75890PublicSupportPY509Pct
Investment Income CY0.27000InvestmentIncomeCYPct
Investment Income PY0.24000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1SCHOOL DISTRICTBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 234AddressLine1Txt
CityBEDFORDCityNm
State AbbreviationIAStateAbbreviationCd
ZIP50833ZIPCd
FieldValueIRS element (for citing)
Cash Grant$46,364CashGrantAmt
Purpose Of GrantPRESERVATIONPurposeOfGrantTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Officer directors etc family relationship Part VI line 2TWO BOARD MEMBERS ARE RELATED. STEVE CABBAGE (PRESIDENT) AND KEVIN CABBAGE (TRESURER) ARE BROTHERS
Members or stockholder classes and rights Part VI line 6NEW MARKET FOUNDATION HAS MEMBERS THAT PAY DUES.
Member election for additional members Part VI line 7aNEW MARKET FOUNDATION HAS 4 VOTING BOARD MEMBERS.
Governing body decisions Part VI line 7bDECISIONS ARE MADE BY THE 4 VOTING MEMBERS OF THE BOARD.
Form 990 governing body review Part VI line 11REVIEW WILL BE CONDUCTED
Conflict of interest policy compliance Part VI line 12cCONFLICT OF INTEREST POLICY IS MONITORED AT BOARD OF DIRECTOR MEETINGS
CEO executive director top management comp Part VI line 15aMANAGEMENT AND OFFICERS ARE NOT COMPENSATED
Other officer or key employee compensation Part VI line 15bOFFICERS ARE NOT COMPENSATED
Governing documents etc available to public Part VI line 19THE ORGANIZATIONS FINANCIAL RECORDS AND FORM 990 ARE AVAILABLE UPON REQUEST FROM THE TREASURER DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE TREASURER

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