Nonprofit · EIN 06-1025890
NEW ENGLAND BUSINESS GROWTH COLLECTIVE INC
Tax-exempt · NEW HAVEN, CT 06510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,901,688 | $1,668,775 | $232,913 | $2,724,143 | $210,453 | $2,513,690 |
| December 31, 2023 | 990 | $2,200,658 | $1,757,836 | $442,822 | $2,500,695 | $249,450 | $2,251,245 |
| December 31, 2021 | 990 | $1,411,834 | $986,401 | $425,433 | $1,812,694 | $374,362 | $1,438,332 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,571,142
- of which government grants
- $669,509
- Membership dues
- $901,633
- Program service revenue
- $180,650
- Investment income
- $54,888
- Net income from fundraising events
- $95,008
- Other revenue
- $95,008
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $258,395
- Other salaries and wages
- $946,370
- Salaries, compensation and benefits (total)
- $1,381,320
- Professional fundraising fees
- $0
- Accounting fees
- $23,706
- Occupancy
- $6,821
- Travel
- $34,469
- Program services (functional)
- $1,256,321
- Management and general (functional)
- $302,817
- Fundraising (functional)
- $109,637
Balance sheet and other
- Total assets, start of year
- $2,500,695
- Total assets, end of year
- $2,724,143
- Total liabilities, end of year
- $210,453
- Net assets, end of year
- $2,513,690
- Publicly traded securities
- $829,457
- Net assets without donor restrictions
- $2,513,690
- Gross receipts
- $2,011,139
- Employees
- 10
- Volunteers
- 30
- Year formed
- 1985
- State of legal domicile
- CT
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 | Other / benefits |
|---|---|---|---|---|
| Peter F Hurst Jr | President & CEO Trustee or director, Officer | 40 | $258,395 | $41,358 |
| James Linehan | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Francisco Vasquez | Director Trustee or director | 1 | $0 | $0 |
| Marc Hamm | Director Trustee or director | 1 | $0 | $0 |
| April Cimorelli | Director Trustee or director | 1 | $0 | $0 |
| Ruth Johnson | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Andreas Arnold | Director Trustee or director | 1 | $0 | $0 |
| Arvin Chaudhary | Director Trustee or director | 1 | $0 | $0 |
| Ramesh Wadhwani | Director Trustee or director | 1 | $0 | $0 |
| Sean Cogdell | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Monette Knapik | Director Trustee or director | 1 | $0 | $0 |
| Inga Lee Puentes | Director Trustee or director | 1 | $0 | $0 |
| Anthony Samuels | Director Trustee or director | 1 | $0 | $0 |
| Jo-Ann Schlick | Director Trustee or director | 1 | $0 | $0 |
| Michael White | Director Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ramon Peralta | Director Trustee or director | 1 | $0 |
| Jerry Epps | Director Trustee or director | 1 | $0 |
| Saken Khokhar | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Peter F Hurst Jr | President & CEO Trustee or director, Officer | 40 | $255,000 | $46,090 |
| James Linehan | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Francisco Vasquez | Director Trustee or director | 1 | $0 | $0 |
| Marc Hamm | Director Trustee or director | 1 | $0 | $0 |
| April Cimorelli | Director Trustee or director | 1 | $0 | $0 |
| Ruth Johnson | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Andreas Arnold | Director Trustee or director | 1 | $0 | $0 |
| Arvin Chaudhary | Director Trustee or director | 1 | $0 | $0 |
| Ramesh Wadhwani | Director Trustee or director | 1 | $0 | $0 |
| Sean Cogdell | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Monette Knapik | Director Trustee or director | 1 | $0 | $0 |
| Inga Lee Puentes | Director Trustee or director | 1 | $0 | $0 |
| Anthony Samuels | Director Trustee or director | 1 | $0 | $0 |
| Jo-Ann Schlick | Director Trustee or director | 1 | $0 | $0 |
| Michael White | Director Trustee or director | 1 | $0 | $0 |
| Ramon Peralta | Director Trustee or director | 1 | $0 | $0 |
| Jerry Epps | Director Trustee or director | 1 | $0 | $0 |
| Saken Khokhar | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2021: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Peter F Hurst Jr | President & CEO Trustee or director, Officer | 40 | $258,547 | $44,262 |
| James Linehan | Chairman Trustee or director | 1 | $0 | $0 |
| Francisco Vasquez | Director Trustee or director | 1 | $0 | $0 |
| Marc Hamm | Director Trustee or director | 1 | $0 | $0 |
| April Cimorelli | Director Trustee or director | 1 | $0 | $0 |
| Ruth Johnson | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Andreas Arnold | Director Trustee or director | 1 | $0 | $0 |
| Arvin Chaudhary | Director Trustee or director | 1 | $0 | $0 |
| Ramesh Wadhwani | Director Trustee or director | 1 | $0 | $0 |
| Jason Cipriano | Director Trustee or director | 1 | $0 | $0 |
| Sean Cogdell | Director Trustee or director | 1 | $0 | $0 |
| Monette Knapik | Director Trustee or director | 1 | $0 | $0 |
| Inga Lee Puentes | Director Trustee or director | 1 | $0 | $0 |
| Anthony Samuels | Director Trustee or director | 1 | $0 | $0 |
| Jo-Ann Schlick | Director Trustee or director | 1 | $0 | $0 |
| Michael White | Director Trustee or director | 1 | $0 | $0 |
| Ramon Peralta | Director Trustee or director | 1 | $0 | $0 |
| Kate Weaver | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 157 CHURCH ST 19TH FLOOR, NEW HAVEN, CT 06510-2100
- In care of
- % JOSE COLON
- Principal officer (990 for 2024)
- Peter F Hurst Jr, 157 Church Street 19th Floor, New Haven, CT 06510
- Signed the 990
- Peter F Hurst Jr, president & CEO
- Phone
- (203) 288-9744
- Website
- www.gnemsdc.org
- Return prepared by
- Nanavaty Davenport Studley White
Mission
ASSISTING MINORITY OWNED COMPANIES IN ESTABLISHING AND PROMOTING THEIR BUSINESS BY FOSTERING BUSINESS RELATIONSHIPS BETWEEN MINORITY SUPPLIERS AND MAJOR PURCHASERS AND TO BROADEN THE BASE OF MINORITY BUSINESSES IN HIGH GROWTH, TECHNOLOGICALLY SOPHISTICATED INDUSTRIES.
Program accomplishments
- Assistance to minorities in establishing and promoting their business. Financial assistance and business counseling was provided to members of the council.Expenses $1,256,321 · revenue $180,650
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
- 06-1025890
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43Z)
- Assets (IRS master file)
- $2,724,143
- Income (IRS master file)
- $2,011,139
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,901,688 | $1,668,775 | $2,724,143 | IRS |
| 990 | December 2023 | $2,200,658 | $1,757,836 | $2,500,695 | XML |
| 990 | December 2022 | $1,831,252 | $1,417,207 | $2,034,113 | IRS |
| 990 | December 2021 | $1,411,834 | $986,401 | $1,812,694 | XML |
| 990 | December 2020 | – | – | – | 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 06-1025890).
Questions about NEW ENGLAND BUSINESS GROWTH COLLECTIVE INC
- What is the EIN of NEW ENGLAND BUSINESS GROWTH COLLECTIVE INC?
- The employer identification number (EIN) of NEW ENGLAND BUSINESS GROWTH COLLECTIVE INC is 06-1025890.
- Is NEW ENGLAND BUSINESS GROWTH COLLECTIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to NEW ENGLAND BUSINESS GROWTH COLLECTIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW ENGLAND BUSINESS GROWTH COLLECTIVE 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 ENGLAND BUSINESS GROWTH COLLECTIVE 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 ENGLAND BUSINESS GROWTH COLLECTIVE 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 ENGLAND BUSINESS GROWTH COLLECTIVE INC?
- The 990 for the year ended December 31, 2024 names Peter F Hurst Jr.
- Who are the officers and directors of NEW ENGLAND BUSINESS GROWTH COLLECTIVE INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 1 received compensation from the organization, the highest $258,395 (Peter F Hurst Jr, President & CEO).
- How much revenue does NEW ENGLAND BUSINESS GROWTH COLLECTIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,901,688, expenses of $1,668,775 and total assets of $2,724,143 at year end.
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