Nonprofit · EIN 85-1982223
NEW MARKET OPPORTUNITY FUND INC
Tax-exempt · SYRACUSE, IN 46567
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | -$742,378 | $0 | -$742,378 | $811,987 | $0 | $811,987 |
| December 31, 2023 | 990 | $1,268,632 | $0 | $1,268,632 | $1,554,365 | $0 | $1,554,365 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- -$742,378
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $1,554,365
- Total assets, end of year
- $811,987
- Total liabilities, end of year
- $0
- Net assets, end of year
- $811,987
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- IN
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.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| S Joe DeHaven | GOVERNING BOARD DIRECTOR Trustee or director | 0.25 | $0 | $12,508 |
| Dennis Carson | GOVERNING BOARD DIRECTOR Trustee or director, Officer | 0.25 | $0 | $0 |
| Frank Hoffman | SECRETARY TREASURER Officer | 1 | $0 | $0 |
| Andrew Wiand | PRESIDENT GOVERNING BOARD DIRECTOR Trustee or director, Officer | 0.25 | $0 | $0 |
| Peter Giles | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| Jodi Golden | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| John Murphy | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| Matthew B Murphy III | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| Chad Pittman | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| Gene Smith | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| CHAD PITTMAN | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| BARBARA QUANDT | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| CHAD ZAUCHA | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| S Joe DeHaven | GOVERNING BOARD DIRECTOR Trustee or director | 0.25 | $0 | $208,560 |
| Dennis Carson | GOVERNING BOARD DIRECTOR Trustee or director | 0.25 | $0 | $0 |
| Frank Hoffman | SECRETARY TREASURER Officer | 1 | $0 | $0 |
| Andrew Wiand | PRESIDENT GOVERNING BOARD DIRECTOR Trustee or director, Officer | 0.25 | $0 | $0 |
| TERRI CZAJKA | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| PETER GILES | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| JOBI GOLDEN | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ALAN JONES | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| PAMELA MEMBER | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| JOHN MURPHY | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| CHAD PITTMAN | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| BARBARA QUANDT | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| JUDITH THOMAS | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| CHAD ZAUCHA | ADVISORY BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11153 N IDEAL BEACH DR, SYRACUSE, IN 46567-8406
- In care of
- % FRANK A HOFFMAN
- Principal officer (990 for 2024)
- FRANK A HOFFMAN, 11153 NORTH IDEAL BEACH DRIVE, SYRACUSE, IN 46567
- Signed the 990
- Frank, Hoffman
- Phone
- (317) 989-4070
Mission
The Corporation is a public benefit corporation that is organized and operated exclusively to benefit perform and carry out the charitable educational and other exempt purposes of the Enfocus Inc. an Indiana nonprofit corporation Enfocus Association of Indiana Enterprise Zones Inc. an Indiana nonprofit corporation and its members collectively referred to as AIEZ and any other supported organizations to be added by the Corporation from time to time by amendment to these Articles collectively referred to as the Supported Organizations as such purposes are described in Sections 170c2B 501c3 2055a2 and 2522a2 of the Internal Revenue Code of 1986 as amended or corresponding provisions of any subsequent federal tax laws the Code and set forth in the Articles of Incorporation of the Supported Organizations which include or contemplated those purposes set forth in Schedule O: SEE SCHEDULE O.
Program accomplishments
- Continued to assist our initial statewide community development entity organized to facilitate financing of economic development and job creation for low-income persons in low-income communities in Indiana by enabling the expansion of industrial small businesses located in low-income communities that will create over 600 jobs over the next three years with wages exceeding the MIT living wage with benefits most of which will be accessible to low-income persons without a college degree.0
- Continued to assist our second statewide community development entity organized to facilitate financing of economic development and job creation for low-income persons in communities targeted by local government for economic development. Assisted the state of Indiana and the city of Kokomo in financing over $75,000,000 in public infrastructure required for an electric vehicle battery plant located in a low-income community. This plant will create over 1,400 jobs with wages exceeding the MIT living wage with benefits most of which will be accessible to individuals without a college degree. Working to facilitate financing for economic development and job creation for low-income persons in Indiana by enabling the expansion of small industrial businesses located in low-income communities. These expansions are projected to create over 600 jobs within the next three years with wages exceeding the MIT living wage with benefits most of which will be accessible to individuals without a college degree.0
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-1982223
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $811,987
- Income (IRS master file)
- $742,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | -$742,378 | $0 | $811,987 | IRS |
| 990 | December 2023 | $1,268,632 | $0 | $1,554,365 | XML |
| 990 | December 2022 | $284,611 | $0 | $285,733 | IRS |
| 990-EZ | May 2022 | – | – | – | 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 85-1982223).
Questions about NEW MARKET OPPORTUNITY FUND INC
- What is the EIN of NEW MARKET OPPORTUNITY FUND INC?
- The employer identification number (EIN) of NEW MARKET OPPORTUNITY FUND INC is 85-1982223.
- Is NEW MARKET OPPORTUNITY FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to NEW MARKET OPPORTUNITY FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does NEW MARKET OPPORTUNITY FUND INC 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 NEW MARKET OPPORTUNITY FUND INC 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 NEW MARKET OPPORTUNITY FUND INC 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 NEW MARKET OPPORTUNITY FUND INC?
- The 990 for the year ended December 31, 2024 names FRANK A HOFFMAN.
- Who are the officers and directors of NEW MARKET OPPORTUNITY FUND INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does NEW MARKET OPPORTUNITY FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of -$742,378, expenses of $0 and total assets of $811,987 at year end.
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All nonprofits in SYRACUSE · Indiana · Community improvement and capacity building