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 · View filing
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
About Economic Corporation of Newport Inc
Based on IRS filings
Economic Corporation of Newport Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEWPORT, NH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 3 grants totaling $28K. Net investment income was $48K.
Focus Areas
Ready to take the next step with Economic Corporation of Newport Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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
Among its reported 2024 grants, the largest include Newport School District ($11,168), Hy-on-a-hill Trout Farm ($10,830), Newport Town Times ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NEWPORT TOWN TIMES NEWPORT, NH | OPERATING SUPPORT | $6,000 |
| NEWPORT SCHOOL DISTRICT NEWPORT, NH | PROGRAMMING | $11,168 |
| HY-ON-A-HILL TROUT FARM PLAINFIELD, NH | OPERATING SUPPORT | $10,830 |
Leadership & 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 | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Economic Corporation of Newport Inc?
Economic Corporation of Newport Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEWPORT, NH. It holds $1.8M in total assets as of 2024.
How large is Economic Corporation of Newport Inc?
As of 2024, Economic Corporation of Newport Inc holds $1.8M in total assets with $85K in annual revenue. It awarded 3 grants totaling $28K in 2024.
Where does Economic Corporation of Newport Inc operate?
Economic Corporation of Newport Inc has awarded grants in New Hampshire.
What size grants does Economic Corporation of Newport Inc award?
In 2024, Economic Corporation of Newport Inc awarded 3 grants totaling $28K — an average of about $9K per grant, based on its IRS Form 990 filings.
What is Economic Corporation of Newport Inc's EIN?
Economic Corporation of Newport Inc's EIN (Employer Identification Number) is 22-3259325. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Economic Corporation of Newport Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Maine Dental Service Corporation
CONCORD, NH
Assets
$86.4M
Grants
1
Total Given
$331K
Hefflon Fbo Various Charities Tr Xxx-xx-xxxx
MANCHESTER, NH
Assets
$439K
Grants
3
Total Given
$25K
Lighthouse Federal Credit Union
PORTSMOUTH, NH
Assets
$1.9B
Grants
3
Total Given
$42K
Bhbt Ttee Henderson Charitable Trust
CONCORD, NH
Assets
$309K
Grants
4
Total Given
$16K
Dartmouth-Hitchcock Clinic
LEBANON, NH
Assets
$285.1M
Grants
77
Total Given
$3.3M
Serve and Succeed Charitable Foundation
CLAREMONT, NH
Assets
$1.8M
Grants
2
Total Given
$25K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Economic Corporation of Newport Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Economic Corporation of Newport Inc to a real strategy.