New Albany Urban Enterprise
To improve the physical, business, residential, and socioeconomic environment of the New Albany Urban Enterprise zone through collaborative pubic/private initiatives that stimulate private investment in real and personal property; create a continuum of jobs, including living wage jobs; and that provide a supportive atmosphere for employers, employees, and zone residents alike.
Key facts about New Albany Urban Enterprise
In short: New Albany Urban Enterprise gave $75K across 2 grants in 2026 (avg $38K), mostly in Indiana. Source: 2026 IRS Form 990.
- EIN
- 35-2123470
- Latest 990 filing
- Form 990, 2026
- Annual giving (2026)
- $75,000
- Grants made (2026)
- 2
- Average grant
- $37,500
- Median grant
- $37,500
- Total assets
- $698,120
- Primary geography
- Indiana (100% of itemized 2026 grant dollars)
Data from IRS Form 990, 2026; updated September 2026.
Financial Overview
From 2026 IRS Form 990 · View filing
Total Assets
$698K
+31.0% YoY
Annual Giving
$75K
+50.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$38K
+50.0% YoY
How New Albany Urban Enterprise gives
- Giving grew 200% from 2023 to 2026. Method
From the foundation's IRS Form 990 filings. Methodology.
About New Albany Urban Enterprise
Based on IRS filings
New Albany Urban Enterprise is a public charity focused on Community Improvement & Capacity Building, based in New Albany, IN. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $698K in total assets. In 2026, it awarded 2 grants totaling $75K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $25K (2023) to $108K (2022). In 2026 it made 2 grants totaling $75K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2026
The largest 2026 recipient was Develop New Albany DBA New Albany Main Street ($50K). Together the top 2 received $75K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 12 grants of 13 (92%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Develop New Albany DBA New Albany Main Street New Albany, IN | Economic Development | $50,000 |
| Sprigler Development LLC New Albany, IN | Economic Development | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $698,120 | $532,778 | $545,525 |
| Revenue | $252,382 | $192,841 | $235,641 |
| Expenses | $87,040 | $205,588 | $127,653 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS March 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 20, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS March 11, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS October 29, 2025)
- Added Form 990 for fiscal year 2026 (received by the IRS August 10, 2026)
- Updated Form 990 for fiscal year 2020 (received by the IRS December 15, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 14, 2021)
Leadership & Key People
Officers and directors from IRS filings
New Albany Urban Enterprise is led by Robert Norwood, President since 2023 (on filings since 2020); none of the 8 officers listed in 2026 report compensation.
Officers on the 2026 filing
Robert Norwood
President
Chairman → President, 2023
On filings since 2020
1 hr/week
No compensation reported
Ann Streckfus
Member
On filings since 2020
1 hr/week
No compensation reported
Louis Schmitt
Member
On filings since 2020
1 hr/week
No compensation reported
Mara Schmidt
Member
On filings since 2020
1 hr/week
No compensation reported
Morgan Sprigler
Member
On filings since 2020
1 hr/week
No compensation reported
Robbie Norrington
Member
On filings since 2020
1 hr/week
No compensation reported
Tonya Fischer
Secretary & Treasurer
Secretary → Secretary & Treasurer, 2022
On filings since 2020
25 hrs/week
No compensation reported
Chris Fitzgerald
Member
On filings since 2024
1 hr/week
No compensation reported
Former officers (4)
- Former: Matthew Bergman (2020–2025) — Vice President
- Former: Greg Phipps (2020–2023) — Member
- Former: John Rosenbarger (2020–2023) — Member
- Former: Mike Kopp (2020–2023) — Member
Data from IRS Form 990 filings, 2020–2026. "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 New Albany Urban Enterprise
How much does New Albany Urban Enterprise give each year?
New Albany Urban Enterprise gave $75K across 2 grants in 2026, according to its 2026 IRS Form 990. In 2025 it gave $50K across 2 grants.
How large is New Albany Urban Enterprise?
New Albany Urban Enterprise reported $698K in total assets on its 2026 IRS Form 990. Its revenue that year was $252K.
What is New Albany Urban Enterprise?
New Albany Urban Enterprise is a public charity focused on Community Improvement & Capacity Building, based in New Albany, IN. It holds $698K in total assets as of 2026.
Where does New Albany Urban Enterprise operate?
New Albany Urban Enterprise has awarded grants in Indiana, Kentucky.
What is New Albany Urban Enterprise's EIN?
New Albany Urban Enterprise's EIN (Employer Identification Number) is 35-2123470. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching New Albany Urban Enterprise by hand.
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