Iowa · Nonprofit
NEWBO CITY MARKET
NEWBO CITY MARKET (Iowa) receives grants from 23 organizations whose IRS filings report $1,935,320 to it, the largest being EWING MARION KAUFFMAN FOUNDATION ($410,000). 12 of them have funded it in more than one year.
- Revenue FY2024
- $2.5M
- Funders on record
- 23
- Grants received
- $1.9M
- Net assets
- $3.5M
What Newbo City Market does
Mission
Foster economic development by uplifting entrepreneuers and artists through an equitable business incubator, accessible public programming, and a community gathering space.
As stated on its FY2024 Form 990.
Programs
Economic development: Newbo City Market is a nonprofit organization showcasing our community's assets, inspiration, and potential by cultivating new businesses and entrepreneurship and by supporting local artists and artisans, harnessing the power of culture and creativity to drive economic growth and to build the character and quality of our community. This core of this mission is community-based economic development by using local resources in a way that enhances economic opportunities while improving social conditions in a sustainable way. Often community-based economic development initiatives are implemented to overcome crises (such as the 2008 flood) and increase opportunities for communities that are disadvantaged. To meet this goal, Newbo City Market has become both a cultural organization and an economic development initiative, blending social and economic development to foster the economic, social, and cultural well-being of our community. The organization lowers barriers for diverse entrepreneurs and creates a launch pad for startup and early-stage businesses that have a distinct focus on local products. Each year, the organization is home to up to 26 small businesses…
$275,796 spentof which $36,163 as grants$593,645 earned by the program41% of program spendingCommunity engagement: Newbo City Market has used placemaking as a method of economic development from the beginning with benefits that have extended far beyond enticing visitors, entrepreneurs, small businesses, and corporations. The organization hosts over 200 arts, entertainment, wellness, and community events open to the public; these events promote the local culture, drive economic growth for both businesses inside the organization and in the area, and build the character and quality of our public place. To local economies recovering from a loss of conventional industry (such as the loss of industrial businesses in the district), placemaking is a method for capitalizing on existing strengths, rather than inventing new ones, for the purpose of developing a stronger economy. We have seen strong returns to the local economy from tourism, an intrinsically place-based industry. Placemaking is an environmentally friendly form of economic development. The walkable and bikeable streets and trails that are favored by the placemaking philosophy have made a positive impact on not only business success, but also the wellness culture of the community. With our open spaces as part of both…
$236,569 spent35% of program spendingNeighborhood revitalization: the organization reclaimed and revitalized a block that received major flood damage in the city-wide flood of 2008 and helps drive the redevelopment and revitalization of the czech village/new bohemia district. The space is becoming a major attraction for the city of cedar rapids and the surrounding area. In 2018, the market attracted over 500,000 people to this revitalized area and held over 200 community events. The market also helps build a "localized economy," both inside the market and throughout the district. Our localized economy is identified by several businesses in close proximity that all share the traits and values of entrepreneurship, arts and entertainment, small business, locally-sourced products, and locally-based talent with an eclectic business culture that values what is unique and "funky". "newbo" has become synonymous with "entrepreneurship" in cedar rapids.
$163,992 spent24% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $676,357.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $2.8M to $4.1M (+45%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 4% · 2018 6% · 2019 6% · 2020 16% · 2021 32% · 2022 5% · 2023 3% · 2024 1%. Grants only. Government contracts and fees sit inside program revenue.
75% of NEWBO CITY MARKET’s revenue is contributions — more donation-reliant than the typical peer (60% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Parisi Julie
Executive director
Board chair
Sytsma Jason
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 7 funders, grant income rose $74k → $140k.
6 of 23 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 28% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NEWBO CITY MARKET’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NEWBO CITY MARKET has a broad base — no single funder exceeds 21% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
39% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NEWBO CITY MARKET.
Largest funder’s share by year: 2017 78% · 2018 55% · 2019 100% · 2020 78% · 2021 100% · 2022 41% · 2023 43% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
75% of NEWBO CITY MARKET's funders are still giving 3 years after their first grant; 52% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
58% of NEWBO CITY MARKET's grant income comes from Iowa funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $542k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NEWBO CITY MARKET runs a healthier operating margin than three-quarters of the 4,206 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,206 community improvement nonprofits $1M–$10M, FY2024
Government funding NEWBO CITY MARKET receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.3M on record.
- Department of Commerce$1.3M
- National Endowment for the Arts$40k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NEWBO CITY MARKET
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Iowa
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
59% of spending goes to programs.
Governance
Public support
95%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for NEWBO CITY MARKET: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NEWBO CITY MARKET?
- NEWBO CITY MARKET (Iowa) receives grants from 23 organizations whose IRS filings report $1,935,320 to it, the largest being EWING MARION KAUFFMAN FOUNDATION ($410,000). 12 of them have funded it in more than one year.
- How many funders does NEWBO CITY MARKET have?
- IRS filings report 23 organizations giving $1,935,320 in grants to NEWBO CITY MARKET, 12 of which have funded it in more than one year.
- Who is the largest funder of NEWBO CITY MARKET?
- EWING MARION KAUFFMAN FOUNDATION is the largest funder on record, with $410,000 in grants. The full list of funders is on this page.
- How can an organization like NEWBO CITY MARKET find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Iowa. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Newbo City Market →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 23 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing