Nonprofit · EIN 20-3579392
THE HUDSON VALLEY CENTER FOR INNOVATION INC
Tax-exempt (reinstated) · WHITE PLAINS, NY 10601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $53,910 | $189,758 | -$135,848 | $28,390 | $208,852 | -$180,462 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Program service revenue
- $53,910
Expenses
- Compensation of officers, directors and key employees
- $33,325
- Professional fees and payments to contractors
- $137,670
- Other expenses
- $52,088
- Program services (functional)
- $122,551
Balance sheet and other
- Total assets, start of year
- $205,653
- Total assets, end of year
- $28,390
- Total liabilities, end of year
- $208,852
- Net assets, end of year
- -$180,462
- Cash, savings and investments
- $15,111
- Gross receipts
- $53,910
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-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Hugh Schwartz | Chairman and CEO | 20 | $23,450 |
| Danny Potocki | Director and Former CEO | 10 | $9,875 |
| Chester Watson | Director | 5 | $0 |
| James Cranston | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 169 MAMARONECK AVE STE 12, WHITE PLAINS, NY 10601-5335
- In care of
- % JEFF PEARLMAN CPA
- Mailing address (990-N for 2011)
- 300 WESTAGE BUSINESS CENTER, FISHKILL NY 12524
- Principal officer (990-N for 2011)
- LES NEUMANN, PO BOX 447, NEW CITY NY 10956
- Signed the 990-EZ
- Hugh Schwartz, Chairman and CEO
- Phone
- (917) 969-2502
- Website
- WWW.HVCFI.COM
Mission
HVCI empowers business growth through planning, advisement and education. HVCI delivers its content through a collective of successful entrepreneurs serving other entrepreneurs at varying stages in their development. The organization employs programs, experiential learning, and a growth mindset to support companies in connecting to their marketplace and increasing revenues
Program accomplishments
- Westchester County Launch1000 - This program is designed to help residents evaluate an idea for a new venture, test it with potential customers, and see if it seems likely to succeed. Over 365 Westchester residents have completed this free entrepreneurial training program and most have launched their ventures, including for profit businesses, social enterprises and non-profit organizations.Expenses $56,864 · grants $25,000
- Suny New Paltz- This Program is offered free to small businesses and is designed for startups and small businesses to grow their operations. HVCI provided a series of workshops featuring different topics with strategic insights on ways to elevate and grow their business.Expenses $65,687 · grants $28,910
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-3579392
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $28,390
- Income (IRS master file)
- $53,910
Revocation and reinstatement
- Exemption revoked
- May 15, 2021
- Posted by the IRS
- August 9, 2021
- Reinstated
- Effective May 15, 2021
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2023 | $53,910 | $189,758 | $28,390 | XML |
| 990 | December 2022 | $428,889 | $539,308 | $205,653 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2011 Officer: LES NEUMANN | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 20-3579392).
Questions about THE HUDSON VALLEY CENTER FOR INNOVATION INC
- What is the EIN of THE HUDSON VALLEY CENTER FOR INNOVATION INC?
- The employer identification number (EIN) of THE HUDSON VALLEY CENTER FOR INNOVATION INC is 20-3579392.
- Is THE HUDSON VALLEY CENTER FOR INNOVATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2021 and reinstated it effective May 15, 2021.
- Are donations to THE HUDSON VALLEY CENTER FOR INNOVATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE HUDSON VALLEY CENTER FOR INNOVATION 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 THE HUDSON VALLEY CENTER FOR INNOVATION 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 THE HUDSON VALLEY CENTER FOR INNOVATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
- Who is the principal officer of THE HUDSON VALLEY CENTER FOR INNOVATION INC?
- The 990-N for 2011 names LES NEUMANN.
- Who are the officers and directors of THE HUDSON VALLEY CENTER FOR INNOVATION INC?
- The 990-EZ for the year ended December 31, 2023 lists 4 people; 2 received compensation from the organization, the highest $23,450 (Hugh Schwartz, Chairman and CEO).
- How much revenue does THE HUDSON VALLEY CENTER FOR INNOVATION INC have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $53,910, expenses of $189,758 and total assets of $28,390 at year end.
Other nonprofits in WHITE PLAINS
- WHITE PLAINS DOWNTOWN DISTRICT MANAGEMENT ASSOCIATION INC EIN 13-4019316 · last filed 990 for 2025
- WHITE PLAINS BEAUTIFICATION FOUNDATION INC EIN 13-6198300 · last filed 990 for 2024
- AFRICIAN AMERICAN MEN OF WESTCHESTER INC EIN 22-2933301 · last filed 990 for 2025
- WESTCHESTER PUBLIC ISSUES INSTITUTE INC EIN 11-0029040 · last filed 990-EZ for 2024
- Y SERVICE CLUBS OF NORTH ATLANTIC REGION INC EIN 85-3363103 · last filed 990-N for 2024
- UNIVERSAL GOJU WAY OF LIFE INC EIN 13-3781934 · last filed 990-EZ for 2025
- ECHO OF KINDNESS FOUNDATION INC EIN 99-4865888 · last filed 990-N for 2025
- WHITE PLAINS CENTER LOCAL DEVELOPMENT CORPORATION EIN 30-0088686 · last filed 990-N for 2025
All nonprofits in WHITE PLAINS · New York · Community improvement and capacity building