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.
Economic Corporation of Newport Inc at a glance
In short: Economic Corporation of Newport Inc gave $17K across 2 grants in 2025 (avg $8K), mostly in New Hampshire. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $16,896
- -39.7% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $8,448
- -9.5% vs 2024
- Median grant
- $8,448
- Total assets
- $1,862,192
- +4.7% vs 2024
- Primary geography
- New Hampshire (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Economic Corporation of Newport Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Town Economic Development ($11K). Together the top 2 received $17K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 10 grants of 11 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $17K (2025) to $240K (2023). In 2025 it made 2 grants totaling $17K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Town Economic Development Newport, NH | Operating Support | $11,481 |
| Hy-on-a-Hill Trout Farm Plainfield, NH | Operating Support | $5,415 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,862,192 | $71,548 | $30,274 | $16,896 | 2 | $41,001 |
| 2024 | $1,778,827 | $84,921 | $68,278 | $27,998 | 3 | $47,573 |
| 2023 | $1,732,606 | $-120,797 | $269,294 | $239,929 | 3 | $-191,465 |
| 2022 | $2,169,980 | $69,662 | $101,496 | — | — | $2,732 |
| 2021 | $2,374,387 | $26,846 | $81,651 | $33,880 | 3 | $2,966 |
| 2020 | $2,429,126 | $61,467 | $50,196 | $35,315 | 2 | $23,302 |
About Economic Corporation of Newport Inc
Based on IRS filings
Economic Corporation of Newport Inc is a public charity focused on Community Improvement & Capacity Building, based in Newport, NH. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 2 grants totaling $17K. Net investment income was $41K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Economic Corporation of Newport Inc is led by Kyle Harris, President since 2024 (on filings since 2023); none of the 12 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kyle Harris
President
Director → President, 2024
On filings since 2023
1 hr/week
No compensation reported
Mark A. Pitkin
Director
Vice President → President, 2022
President → Director, 2024
On filings since 2020
No compensation reported
Brian Huot
Director
On filings since 2021
No compensation reported
Kate Luppold
Director
On filings since 2021
No compensation reported
James Burroughs
Director
On filings since 2024
No compensation reported
Karen Doucette
Director
On filings since 2024
No compensation reported
Shannon Macmichael
Director
On filings since 2024
No compensation reported
Kristie Howe
Director
New on the 2025 filing
No compensation reported
Randall Clark
Director
New on the 2025 filing
No compensation reported
Paul Brown
Vice President
Director → Vice President, 2023
On filings since 2020
1 hr/week
No compensation reported
Richard Bates
Secretary
On filings since 2020
1 hr/week
No compensation reported
Terry Dorr
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (12)
- Former: Robert Collins (2020–2024) — Director
- Former: Gary Dudman (2021–2024) — Director
- Former: Shannon Obey (2022–2023) — Director
- Former: Bruce Jasper (2020–2022) — Vice President
- Former: Donna Mahair (2020–2022) — Director
- Former: Hunter Rieseberg (2020–2022) — Director
- Former: Ella Casey (2020–2021) — Director
- Former: John Hooper (2020–2021) — Director
- Former: Jennifer Opalinski (2021) — Director
- Former: Joe Blair (2021) — Director
- Former: Steve Smith (2021) — Director
- Former: Brendan Minnihan (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Economic Corporation of Newport Inc
How much does Economic Corporation of Newport Inc give each year?
Economic Corporation of Newport Inc gave $17K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $28K across 3 grants.
How large is Economic Corporation of Newport Inc?
Economic Corporation of Newport Inc reported $1.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $72K.
What is Economic Corporation of Newport Inc?
Economic Corporation of Newport Inc is a public charity focused on Community Improvement & Capacity Building, based in Newport, NH. It holds $1.9M in total assets as of 2025.
Where does Economic Corporation of Newport Inc operate?
Economic Corporation of Newport Inc has awarded grants in New Hampshire, New York.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 14, 2022)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
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