Economic Corporation of Newport Inc
DEVELOP A PLAN FOR ECONOMIC DEVELOPMENT IN NEWPORT, NH, TO PROVIDE THE FOUNDATION FOR STRENGTHENING THE LOCAL ECONOMY AND TO PROMOTE A FAVORABLE CLIMATE FOR ECONOMIC GROWTH OVER AN EXTENDED PERIOD OF TIME, INCLUDING SUPPORTING JOB CREATION OPPORTUNITIES FOR LOW TO MODERATE INCOME PERSONS IN THE NEWPORT, NH AREA THORUGH THE RECRUITMENT OF NEW BUSINESSES.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$1.8M
+2.7% YoY
Annual Giving
$28K
-88.3% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$9K
-88.3% YoY
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PRO- Giving trend analysis — growing or declining?
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,778,827 | $1,732,606 | $2,169,980 |
| Revenue | $84,921 | $-120,797 | $69,662 |
| Expenses | $68,278 | $269,294 | $101,496 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $47,573 | $-191,465 | $2,732 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Economic Corporation of Newport Inc fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KYLE HARRIS | PRESIDENT | 1 | — |
| PAUL BROWN | VICE PRESIDENT | 1 | — |
| TERRY DORR | TREASURER | 1 | — |
| RICHARD BATES | SECRETARY | 1 | — |
| ROBERT COLLINS | DIRECTOR | — | — |
| SHANNON MACMICHAEL | DIRECTOR | — | — |
| BRYAN HUOT | DIRECTOR | — | — |
| KATE LUPPOLD | DIRECTOR | — | — |
| GARY DUDMAN | DIRECTOR | — | — |
| JAMES C BURROUGHTS | DIRECTOR | — | — |
| KAREN DOUCETTE | DIRECTOR | — | — |
| MARK PITKIN | DIRECTOR | — | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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