Invest time, resources, and money in local people and businesses to revitalize downtown Macon.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 208 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $1.7M a year · 35% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$721K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
17 mo
of spending, in cash
Plus $22.4M in investments, Pt X · Ln 11–13
Looks good: 17.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $768K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$24.4M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
19
of 27 voting members
Looks good: 19 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.3M
+95% vs prior year
Spent
$4.1M
To programs
84%
Net assets
$23.0M
By yearFY2020–FY2025
Revenue
$5.3M
FY2025▲ +95%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$5.9M
FY2022$9.8M
FY2023$3.3M
FY2024$2.7M
FY2025$5.3M
Expenses
$4.1M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$2.2M
FY2022$3.3M
FY2023$2.9M
FY2024$3.8M
FY2025$4.1M
Net assets
$23.0M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.7M
FY2021$14.2M
FY2022$19.5M
FY2023$21.2M
FY2024$21.5M
FY2025$23.0M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $3.4M Management & general 10% · $409K Fundraising 6% · $258K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

32 people listed on the 990; $721K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President &
$361,641Pt VII · Sec A
President &
$152,311Pt VII · Sec A
Chief of Sta
$105,301Pt VII · Sec A
VP of Comm.
$101,464Pt VII · Sec A
$0Pt VII · Sec A
Chair Oht Co
$0Pt VII · Sec A
Of Counsel
$0Pt VII · Sec A
Chair Emerit
$0Pt VII · Sec A

Joshua M Rogers’s $362K as President & is at the 91st percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joshua M Rogers$361,641$241,518$202,128$174,172$160,067$157,133
James Fritze$152,311$135,721$124,466$112,485$98,276$96,646
Erin Keller$105,301—————
Lauren Marshall$101,464—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See New Town Macon INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II11 listed

Programs and updates

Revitalizes downtown Macon by investing in local businesses and developing the Ocmulgee Heritage Trail to create vibrant, public park spaces.

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Provided by the organization

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3 programs · $3.0M · in their own filed words · FY2024
01

Community Development Financial Institution (cdfi)

Newtown macon, through its subsidiary newtown loans, LLC, has been designated by the U.S. Department of the treasury as a cdfi. The cdfi facilitates the larger strategy of increasing downtown residents by funding loft development through the real estate loan fund and growing jobs by providing capital and mentoring to entrepreneurs.

$1.9Mprogram expense
02

Creating a Sense of Place

A desirable neighborhood is both livable and walkable, so newtown macon is promoting the downtown lifestyle and providing recreational activities. Newtown promotes a sense of place by managing first friday events and the macon christmas light extravaganza, beautifying the streets, promoting downtown events, and promoting the development…

$951Kprogram expense
03

The Ocmulgee Heritage Trail (oht)

Oht continues to be one of the main focuses as a PUBLIC/PRIVATE partnership. Newtown macon runs an advisory committee to plan and manage expansion and improvement of the trail system and raise private funds to enable these improvements through the oht construction fund.

$181Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 9 grants · $222K · 2019–2024
Unitemized GrantFY2024$35,000
Otis Redding Foundation INCGA · FY2024$25,000
Macon Pops INCGA · FY2024$10,000
Unitemized GrantFY2023$51,059
Macon Pops INCGA · FY2023$12,500
Unitemized GrantFY2022$27,550
Macon Pops INCGA · FY2022$10,000
Unitemized GrantFY2022$7,500
Unitemized GrantFY2019$43,760

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$5.3M
Ln 12
Gifts and grantsLn 1h$3.3M
Investment incomeLn 3$2.3M
Fees for servicesLn 2g$304K
Money outPt IX
$4.1M
Ln 25
Programscol B$3.4M
Managementcol C$409K
Fundraisingcol D$258K
Owns and owesPt X
$23.0M
net assets · Ln 32
Cash and savingsLn 1–2$5.9M
Total assetsLn 16$47.4M
LiabilitiesLn 26$24.4M
PeoplePt VI, VII
32
listed · VII A
PaidVII A4
Voting boardVI 1a27
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.3M
Government grantsLn 1e$1.9M
Fees for servicesLn 2g$304K
Investment incomeLn 3$2.3M
Gains on assetsLn 7$760K
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$361K
SavingsLn 2$5.6M
Cash and savings togetherLn 1–2$5.9M
InvestmentsLn 11–13$22.4M
Land, buildings, equipmentLn 10c$6.8M
Other assetsLn 15$1K
Total assetsLn 16$47.4M
LiabilitiesLn 26$24.4M
Net assetsLn 32$23.0M
OperationsPt I, VI
EmployeesI 514
VolunteersI 6208
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$7.9M$5.9M
InvestmentsLn 11–13$19.5M$22.4M
Land, buildings, equipmentLn 10c$6.6M$6.8M
Total assetsLn 16$43.6M$47.4M
LiabilitiesLn 26$22.1M$24.4M
Net assetsLn 32$21.5M$23.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$59K$59K
Grants to domestic individualsLn 2$35K$35K
Pay of current officers, directors and key staffLn 5$742K$393K$125K$225K
Other salaries and wagesLn 7$419K$362K$55K$2K
Pension plan contributionsLn 8$23K$21K$2K$77
Other employee benefitsLn 9$30K$25K$4K$507
Payroll taxesLn 10$72K$47K$11K$13K
Legal feesLn 11b$73K$63K$10K
Accounting feesLn 11c$51K$51K
Investment management feesLn 11f$56K$56K
Other fees for servicesLn 11g$409K$371K$37K$156
Advertising and promotionLn 12$131K$127K$4K
Office expensesLn 13$132K$75K$57K
Information technologyLn 14$60K$60K
OccupancyLn 16$116K$115K$69$1K
TravelLn 17$207K$201K$5K$1K
Conferences, conventions and meetingsLn 19$82K$67K$609$15K
InterestLn 20$905K$905K
Depreciation, depletion and amortizationLn 22$32K$32K
InsuranceLn 23$86K$69K$16K
Other expenses (24a–d)Ln 24$372K$372K
Total functional expensesLn 25$4.1M$3.4M$409K$258K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $5.3M$4.1M$1.3M$23.0M 990 PDF
FY2024 $2.7M$3.8M−$1.1M$21.5M 990 PDF
FY2023 $3.3M$2.9M$426K$21.2M 990 PDF
FY2022 $9.8M$3.3M$6.5M$19.5M 990 PDF
FY2021 $5.9M$2.2M$3.7M$14.2M 990 PDF
FY2020 $2.1M$2.8M−$724K$9.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $5,345,883 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,417,940$3,254,237
I-9 Program service revenuePrior year $438,277$303,820
I-10 Investment incomePrior year $1,247,030$2,334,508
I-11 Other revenuePrior year −$368,014−$546,682
I-12 Total revenuePrior year $2,735,233$5,345,883
I-13 Grants and similar amounts paidPrior year $192,021$93,657
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,164,236$1,285,346
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,439,907$2,712,028
I-18 Total expensesPrior year $3,796,164$4,091,031
I-19 Revenue less expensesPrior year −$1,060,931$1,254,852
Part VI · Governance 19 of 27 board members independent, no flags
VI-1a Voting members of the governing body27
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,345,883 across 10 lines filed
VIII-1b Membership dues$122,500
VIII-1e Government grants$1,947,147
VIII-1f All other contributions, gifts and grants$1,184,590
VIII-1h Total contributions, gifts and grants$3,254,237
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $303,820$303,820
VIII-3 Investment incomeRelated to mission $1,574,264$1,574,264
VIII-6 Net rental income or lossRelated to mission −$3,813 · Unrelated business −$592,534−$596,347
VIII-7 Net gain or loss on sales of assetsRelated to mission $335,503 · Unrelated business $424,741$760,244
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$9,928 · Excluded from tax $59,593$49,665
VIII-12 Total revenueRelated to mission $2,209,774 · Unrelated business −$177,721 · Excluded from tax $59,593$5,345,883
Part IX · Statement of functional expenses $4,091,031 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $58,657$58,657
IX-2 Grants to domestic individualsPrograms $35,000$35,000
IX-5 Pay of current officers, directors and key staffPrograms $392,922 · Management $124,778 · Fundraising $224,545$742,245
IX-7 Other salaries and wagesPrograms $361,821 · Management $55,089 · Fundraising $1,962$418,872
IX-8 Pension plan contributionsPrograms $21,168 · Management $1,633 · Fundraising $77$22,878
IX-9 Other employee benefitsPrograms $25,244 · Management $3,905 · Fundraising $507$29,656
IX-10 Payroll taxesPrograms $47,085 · Management $11,153 · Fundraising $13,457$71,695
IX-11b Legal feesPrograms $63,187 · Management $9,663$72,850
IX-11c Accounting feesManagement $50,915$50,915
IX-11f Investment management feesPrograms $55,895$55,895
IX-11g Other fees for servicesPrograms $371,133 · Management $37,212 · Fundraising $156$408,501
IX-12 Advertising and promotionPrograms $127,245 · Management $4,191$131,436
IX-13 Office expensesPrograms $75,145 · Management $56,682$131,827
IX-14 Information technologyPrograms $59,889$59,889
IX-16 OccupancyPrograms $114,826 · Management $69 · Fundraising $1,384$116,279
IX-17 TravelPrograms $200,895 · Management $5,258 · Fundraising $1,285$207,438
IX-19 Conferences, conventions and meetingsPrograms $66,644 · Management $609 · Fundraising $14,963$82,216
IX-20 InterestPrograms $905,284$905,284
IX-22 Depreciation, depletion and amortizationManagement $31,988$31,988
IX-23 InsurancePrograms $69,486 · Management $16,341$85,827
IX-24 Other expenses (24a–d)Programs $371,683$371,683
IX-25 Total functional expensesPrograms $3,423,209 · Management $409,486 · Fundraising $258,336$4,091,031
Part X · Balance sheet $47,364,573 assets, 18 lines filed
Asset lines not itemized here account for $8,543,970; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $425,836$360,621
X-2 Savings and temporary cash investmentsStart of year $7,472,728$5,570,561
X-3 Pledges and grants receivableStart of year $4,592,498$3,612,963
X-4 Accounts receivableStart of year $93,395$97,403
X-9 Prepaid expenses and deferred chargesStart of year $11,194$22,772
X-10c Land, buildings and equipment, netStart of year $6,610,225$6,801,169
X-11 Publicly traded securitiesStart of year $7,548,534$8,645,115
X-12 Other securitiesStart of year $3,509,737$3,648,402
X-13 Program-related investmentsStart of year $8,456,146$10,060,557
X-15 Other assetsStart of year $1,040$1,040
X-16 Total assetsStart of year $43,633,726$47,364,573
X-17 Accounts payable and accrued expensesStart of year $671,339$758,891
X-24 Unsecured notes and loans payableStart of year $10,920,190$10,380,418
X-26 Total liabilitiesStart of year $22,109,108$24,361,148
X-27 Net assets without donor restrictionsStart of year $4,957,397$4,418,099
X-28 Net assets with donor restrictionsStart of year $16,567,221$18,585,326
X-32 Total net assets or fund balancesStart of year $21,524,618$23,003,425
X-33 Total liabilities and net assetsStart of year $43,633,726$47,364,573
Part XI · Reconciliation of net assets $23,003,425 net assets at year end
XI-1 Total revenue$5,345,883
XI-2 Total expenses$4,091,031
XI-3 Revenue less expenses$1,254,852
XI-4 Net assets at start of year$21,524,618
XI-5 Net unrealized gains (losses) on investments$442,894
XI-9 Other changes in net assets−$218,939
XI-10 Net assets at end of year$23,003,425

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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