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Nonprofit · EIN 23-2362849

NEWTOWN ARTS COMPANY

Tax-exempt (reinstated) · NEWTOWN, PA 18940

Financials

$196K$137K2023$240K$196K2024
Revenue Expenses · by fiscal year end
Financials of NEWTOWN ARTS COMPANY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$240,218$195,615$44,603$252,523$0$252,523
December 31, 2023990-EZ$195,714$137,447$58,267$207,920–$207,920
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$61,368
Membership dues
$3,425
Program service revenue
$170,836
Investment income
$2,009
Net income from gaming
$6,005
Other revenue
$6,005

Expenses

Grants and similar amounts paid
$15,500
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,668
Occupancy
$9,140
Depreciation
$7,916
Program services (functional)
$163,879
Management and general (functional)
$31,736

Balance sheet and other

Total assets, start of year
$207,920
Total assets, end of year
$252,523
Total liabilities, end of year
$0
Net assets, end of year
$252,523
Land, buildings and equipment
$36,238
Gross receipts
$240,218
Employees
0
Volunteers
30
Year formed
1983
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
LISA REISERPRESIDENT
Trustee or director, Officer
15$0
BETH SEFFRINVICE PRESIDENT
Trustee or director, Officer
5$0
NANCY PICKERING2ND VICE PRESIDENT
Trustee or director, Officer
5$0
BEVERLY CARVERTREASURER
Trustee or director, Officer
5$0
CHERYL YOUNGSECRETARY
Trustee or director, Officer
5$0
DIANA BILYKDIRECTOR
Trustee or director
2$0
TIM COSTELLODIRECTOR
Trustee or director
2$0
BONNIE DETTRADIRECTOR
Trustee or director
2$0
DIANA FEGLEYDIRECTOR
Trustee or director
2$0
GARY FULLERDIRECTOR
Trustee or director
2$0
MARY FULLERDIRECTOR
Trustee or director
2$0
ROBERT REISERDIRECTOR
Trustee or director
2$0
MICHAEL SHEPHERDDIRECTOR
Trustee or director
2$0
BEVERLY SPEERDIRECTOR
Trustee or director
2$0
TAMMY TUCKEYDIRECTOR
Trustee or director
2$0
1 more people on this return
NameTitleHours / weekCompensation
MELISSA VICTORDIRECTOR
Trustee or director
2$0
990-EZ for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
LISA REISERPRESIDENT15$0
AMEILIA ARRIGO BALLVICE PRESIDENT5$0
JOSEPH STOCKETTETREASURER5$0
NANCY PICKERINGSECRETARY3$0
HILARY APPELDIRECTOR2$0
KEVIN BALLDIRECTOR2$0
DIANA BILYKDIRECTOR2$0
SYDNEY BROITMANDIRECTOR2$0
PAUL COHENDIRECTOR2$0
BONNIE DETTRADIRECTOR2$0
JOHN HEDIGERDIRECTOR2$0
GREG KOPCHODIRECTOR2$0
ERIC RAYMONDDIRECTOR2$0
ROBERT REISERDIRECTOR2$0
BEVERLY SPEERDIRECTOR2$0
CHERYL YOUNGDIRECTOR2$0

Address and contacts

Address (IRS master file)
PO BOX 635, NEWTOWN, PA 18940-0635
Principal officer (990 for 2024)
BEVERLY CARVER, PO BOX 635, NEWTOWN, PA 18940
Signed the 990
BEVERLY CARVER, TREASURER
Phone
(215) 860-7058
Return prepared by
KOLENDA & ASSOCIATES PC

Mission

PRODUCTION OF FAMILY-FRIENDLY LIVE THEATRE, THE GRANTING OF SCHOLARSHIPS, AND THE DEVELOPMENT OF THEATRE ARTS EDUCATION FOR AREA RESIDENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • LIVE COMMUNITY THEATRE INCLUDING MAINSTATE PRODUCTIONS, CHILDREN PROGARMS, AND STUDENT THEATRE PROGRAMS AND FESTIVAL
    Expenses $163,879 · revenue $170,836

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
23-2362849
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$252,523
Income (IRS master file)
$240,218

Revocation and reinstatement

Exemption revoked
May 15, 2019
Posted by the IRS
August 12, 2019
Reinstated
Effective May 15, 2019

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$240,218$195,615$252,523IRS
990-EZDecember 2023$195,714$137,447$207,920XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-2362849).

Questions about NEWTOWN ARTS COMPANY

What is the EIN of NEWTOWN ARTS COMPANY?
The employer identification number (EIN) of NEWTOWN ARTS COMPANY is 23-2362849.
Is NEWTOWN ARTS COMPANY tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2019 and reinstated it effective May 15, 2019.
Are donations to NEWTOWN ARTS COMPANY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEWTOWN ARTS COMPANY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NEWTOWN ARTS COMPANY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEWTOWN ARTS COMPANY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEWTOWN ARTS COMPANY?
The 990 for the year ended December 31, 2024 names BEVERLY CARVER.
Who are the officers and directors of NEWTOWN ARTS COMPANY?
The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
How much revenue does NEWTOWN ARTS COMPANY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $240,218, expenses of $195,615 and total assets of $252,523 at year end.

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