Nonprofit · EIN 04-2579421
NEW ENGLAND VENTURE CAPITAL ASSOCIATION
Tax-exempt · BOSTON, MA 02109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $669,120 | $855,696 | -$186,576 | $643,690 | $0 | $643,690 |
| December 31, 2024 | 990 | $670,401 | $757,420 | -$87,019 | $830,266 | $0 | $830,266 |
| December 31, 2023 | 990 | $909,784 | $725,816 | $183,968 | $917,285 | $0 | $917,285 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $505,600
- Membership dues
- $275,138
- Program service revenue
- $146,875
- Investment income
- $16,645
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $242,978
- Other salaries and wages
- $127,348
- Salaries, compensation and benefits (total)
- $420,045
- Professional fundraising fees
- $0
- Accounting fees
- $17,301
- Occupancy
- $5,652
- Travel
- $7,629
Balance sheet and other
- Total assets, start of year
- $830,266
- Total assets, end of year
- $643,690
- Total liabilities, end of year
- $0
- Net assets, end of year
- $643,690
- Net assets without donor restrictions
- $643,690
- Gross receipts
- $669,120
- Employees
- 3
- Volunteers
- 23
- Year formed
- 2015
- State of legal domicile
- MA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ARI F GLANTZ | EXECUTIVE DIRECTOR (THRU 12/31/25) Trustee or director, Officer | 40 | $233,678 | $9,300 |
| RACHEL L GROSS | DIR OF PLATFORM & COMMUNITY Highest-paid employee | 40 | $101,181 | $2,014 |
| MARY H HOPKINS | EXECUTIVE DIRECTOR (START 12/3/25) Trustee or director, Officer | 40 | $7,077 | $0 |
| KENT BENNETT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LILY LYMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DEBORAH PALESTRANT | TREASURER Trustee or director | 1 | $0 | $0 |
| ANNA PALMER | MEMBER Trustee or director | 1 | $0 | $0 |
| DARSHANA ZAVERI | MEMBER Trustee or director | 1 | $0 | $0 |
| JASMINA MARJANOVIC | MEMBER Trustee or director | 1 | $0 | $0 |
| RUDINA SESERI | MEMBER Trustee or director | 1 | $0 | $0 |
| STEFAN VITOROVIC | MEMBER Trustee or director | 1 | $0 | $0 |
| IAN CHIANG | MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLIE HIPWOOD | MEMBER Trustee or director | 1 | $0 | $0 |
| V KADIR KADHIRESAN PHD | MEMBER Trustee or director | 1 | $0 | $0 |
| JESSICA ALSTON | MEMBER Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK CRANE | MEMBER Trustee or director | 1 | $0 |
| VIJAY PATEL | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARI F GLANTZ | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $208,253 |
| KENT BENNETT | CHAIR Trustee or director, Officer | 1 | $0 |
| LILY LYMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| DEBORAH PALESTRANT | MEMBER Trustee or director | 1 | $0 |
| ANNA PALMER | MEMBER Trustee or director | 1 | $0 |
| DARSHANA ZAVERI | MEMBER Trustee or director | 1 | $0 |
| JASMINA MARJANOVIC | MEMBER Trustee or director | 1 | $0 |
| RUDINA SESERI | MEMBER Trustee or director | 1 | $0 |
| STEFAN VITOROVIC | MEMBER Trustee or director | 1 | $0 |
| IAN CHIANG | MEMBER Trustee or director | 1 | $0 |
| CHARLIE HIPWOOD | MEMBER Trustee or director | 1 | $0 |
| V KADIR KADHIRESAN PHD | MEMBER Trustee or director | 1 | $0 |
| JESSICA ALSTON | MEMBER Trustee or director | 1 | $0 |
| MARK CRANE | MEMBER Trustee or director | 1 | $0 |
| COLLEEN CUFFARO | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| YUMIN CHOI | CHAIR-EMERITUS Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARI F GLANTZ | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $197,003 |
| DEBORAH PALESTRANT | MEMBER Trustee or director | 1 | $0 |
| ANNA PALMER | MEMBER Trustee or director | 1 | $0 |
| DARSHANA ZAVERI | MEMBER Trustee or director | 1 | $0 |
| JASMINA MARJANOVIC | MEMBER Trustee or director | 1 | $0 |
| RUDINA SESERI | MEMBER Trustee or director | 1 | $0 |
| STEFAN VITOROVIC | MEMBER Trustee or director | 1 | $0 |
| IAN CHIANG | MEMBER Trustee or director | 1 | $0 |
| CHARLIE HIPWOOD | MEMBER Trustee or director | 1 | $0 |
| V KADIR KADHIRESAN PHD | MEMBER Trustee or director | 1 | $0 |
| JESSICA ALSTON | MEMBER Trustee or director | 1 | $0 |
| MARK CRANE | MEMBER Trustee or director | 1 | $0 |
| KENT BENNETT | CHAIR Officer | 1 | $0 |
| YUMIN CHOI | CHAIR-EMERITUS Officer | 1 | $0 |
| COLLEEN CUFFARO | VICE CHAIR Officer | 1 | $0 |
| LILY LYMAN | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 50 MILK STREET 16TH FLOOR, BOSTON, MA 02109-5002
- In care of
- % HIGHLAND CAPITAL PARTNERS
- Principal officer (990 for 2025)
- MARY H HOPKINS, 50 MILK STREET 16TH FLOOR, BOSTON, MA 02109
- Signed the 990
- MARY H HOPKINS, EXECUTIVE DIRECTOR
- Phone
- (617) 850-2721
- Website
- WWW.NEWENGLANDVC.ORG
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
TO MAINTAIN A VIBRANT VENTURE CAPITAL COMMUNITY IN NEW ENGLAND THAT WILL HELP KEEP ITS STARTUP ECOSYSTEM THRIVING.
Program accomplishments
- CONDUCTING AND SHARING RESEARCH ON THE NEEDS AND INTERESTS OF LOCAL ENTREPRENEURS AND HIGHLIGHTING TRENDS AND EMERGING COMPANIES.
- PROMOTION OF PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES TO THE MEMBERSHIP AND VENTURE CAPITAL COMMUNITY.
- ENCOURAGE AND EDUCATE STUDENTS AND OTHERS ON THE OPPORTUNITIES IN THE STARTUP COMMUNITY.
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 | 990 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
- 04-2579421
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y03)
- Assets (IRS master file)
- $643,690
- Income (IRS master file)
- $669,120
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $669,120 | $855,696 | $643,690 | XML |
| 990 | December 2024 | $670,401 | $757,420 | $830,266 | IRS |
| 990 | December 2023 | $909,784 | $725,816 | $917,285 | XML |
| 990 | December 2022 | $638,565 | $552,220 | $733,317 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 04-2579421).
Questions about NEW ENGLAND VENTURE CAPITAL ASSOCIATION
- What is the EIN of NEW ENGLAND VENTURE CAPITAL ASSOCIATION?
- The employer identification number (EIN) of NEW ENGLAND VENTURE CAPITAL ASSOCIATION is 04-2579421.
- Is NEW ENGLAND VENTURE CAPITAL ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2018.
- Are donations to NEW ENGLAND VENTURE CAPITAL ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW ENGLAND VENTURE CAPITAL ASSOCIATION 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 ENGLAND VENTURE CAPITAL ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW ENGLAND VENTURE CAPITAL ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NEW ENGLAND VENTURE CAPITAL ASSOCIATION?
- The 990 for the year ended December 31, 2025 names MARY H HOPKINS.
- Who are the officers and directors of NEW ENGLAND VENTURE CAPITAL ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 17 people; 3 received compensation from the organization, the highest $233,678 (ARI F GLANTZ, EXECUTIVE DIRECTOR (THRU 12/31/25)).
- How much revenue does NEW ENGLAND VENTURE CAPITAL ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $669,120, expenses of $855,696 and total assets of $643,690 at year end.
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