Nonprofit · EIN 27-4484172
NEW MILFORD ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · NEW MILFORD, CT 06776
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $211,809 | $204,656 | $7,153 | $65,136 | $0 | $65,136 |
| June 30, 2024 | 990-EZ | $29,783 | $59,263 | -$29,480 | $57,984 | $0 | $57,984 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $177,225
- of which government grants
- $175,225
- Program service revenue
- $34,379
- Investment income
- $205
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,239
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,580
- Program services (functional)
- $193,011
- Management and general (functional)
- $11,645
Balance sheet and other
- Total assets, start of year
- $57,983
- Total assets, end of year
- $65,136
- Total liabilities, end of year
- $0
- Net assets, end of year
- $65,136
- Gross receipts
- $211,809
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2010
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIR AHMED | DIRECTOR Trustee or director | 0 | $0 |
| GEOFF BALL | DIRECTOR Trustee or director | 0 | $0 |
| DEAN BARILE | DIRECTOR Trustee or director | 0 | $0 |
| PETE BASS | DIRECTOR Trustee or director | 0 | $0 |
| ADELE CONNER | DIRECTOR Trustee or director | 0 | $0 |
| KRISTEN GIZZI | DIRECTOR Trustee or director | 0 | $0 |
| HOLLY HOLLANDER | DIRECTOR Trustee or director | 0 | $0 |
| ELI NOAM | DIRECTOR Trustee or director | 0 | $0 |
| PAUL MURPHY | DIRECTOR Trustee or director | 0 | $0 |
| MIKE NAHOM | DIRECTOR Trustee or director | 0 | $0 |
| RAY ONEGLIA | DIRECTOR Trustee or director | 0 | $0 |
| DR JANET PARLATO | DIRECTOR Trustee or director | 0 | $0 |
| BOB REILING | DIRECTOR Trustee or director | 0 | $0 |
| TONY VENGROVE | DIRECTOR Trustee or director | 0 | $0 |
| FRANK WARGO | DIRECTOR Trustee or director | 0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BUCK WHITEWAY | DIRECTOR Trustee or director | 0 | $0 |
| ALEXANDER CARPP | CHAIRPERSON Officer | 1 | $0 |
| IVAN SHIFFMAN | VICE CHAIRPERSON Officer | 1 | $0 |
| LIBA FURHMAN | SECRETARY Officer | 1 | $0 |
| RAY KOSTKA | TREASURER Officer | 1 | $0 |
990-EZ for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER BASS | DIRECTOR | 0.5 | $0 |
| DENISE DELMASTRO | DIRECTOR | 0.5 | $0 |
| PATRICIA HEMBROOK | DIRECTOR | 0.5 | $0 |
| GEOFF BALL | DIRECTOR | 0.5 | $0 |
| PAUL MURPHY | DIRECTOR | 0.5 | $0 |
| MICHAEL NAHOM | DIRECTOR | 0.5 | $0 |
| ELI NOAM | DIRECTOR | 0.5 | $0 |
| RAY ONEGLIA | DIRECTOR | 0.5 | $0 |
| ADAM RICHICHI | DIRECTOR | 0.5 | $0 |
| DANIEL STRA | DIRECTOR | 0.5 | $0 |
| TONY VENGROVE | DIRECTOR | 0.5 | $0 |
| BUCK WHITEWAY | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 387, NEW MILFORD, CT 06776-0387
- In care of
- % VINCENT P NOLAN JR
- Mailing address (990-N for 2019)
- PO BOX 387, NEW MILFORD CT 06776
- Principal officer (990 for 2024)
- LIBA FURHMAN, PO BOX 387, NEW MILFORD, CT 06776
- Principal officer (990-N for 2019)
- ALEXANDER CARPP, PO BOX 387, NEW MILFORD CT 06776
- Signed the 990
- LIBA FURHMAN, TREASURER
- Phone
- (860) 689-6868
- Return prepared by
- BAKEWELL & MULHARE LLC
Mission
THE PRINCIPAL OBJECTIVE OF THE ORGANIZATION IS TO BENEFIT THE COMMUNITY BY INCREASING EMPLOYMENT OPPORTUNITIES AND THE ESTABLISHMENT AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF NEW MILFORD.
Program accomplishments
- THE PRINCIPAL OBJECTIVE OF THE ORGANIZATION IS TO BENEFIT THE COMMUNITY BY INCREASING EMPLOYMENT OPPORTUNITIES AND THE ESTABLISHMENT AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF NEW MILFORD.Expenses $193,011 · grants $4,239 · revenue $34,582
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 27-4484172
- 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
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $65,136
- Income (IRS master file)
- $211,809
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $211,809 | $204,656 | $65,136 | IRS |
| 990-EZ | June 2024 | $29,783 | $59,263 | $57,984 | XML |
| 990-EZ | June 2023 | – | – | – | IRS |
| 990-EZ | September 2022 | – | – | – | IRS |
| 990-EZ | September 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: ALEXANDER CARPP | September 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: Mike Nahom | September 30, 2019 | ≤ $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 27-4484172).
Questions about NEW MILFORD ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of NEW MILFORD ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEW MILFORD ECONOMIC DEVELOPMENT CORPORATION is 27-4484172.
- Is NEW MILFORD ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to NEW MILFORD ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW MILFORD ECONOMIC DEVELOPMENT CORPORATION 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 MILFORD ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW MILFORD ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW MILFORD ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names LIBA FURHMAN.
- Who are the officers and directors of NEW MILFORD ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does NEW MILFORD ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $211,809, expenses of $204,656 and total assets of $65,136 at year end.
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