Nonprofit · EIN 45-1768605
NEW ENTREPRENEURS OPPORTUNITY FUND
Tax-exempt · ASHTABULA, OH 44004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $364,509 | $371,485 | -$6,976 | $180,595 | $2,827 | $177,768 |
| December 31, 2024 | 990 | $310,353 | $266,266 | $44,087 | $184,686 | $0 | $184,686 |
| December 31, 2023 | 990 | $182,506 | $191,451 | -$8,945 | $143,267 | $2,688 | $140,579 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $352,000
- Program service revenue
- $0
- Investment income
- $4,443
- Other revenue
- $8,066
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $30,000
- Salaries, compensation and benefits (total)
- $30,000
- Professional fundraising fees
- $0
- Legal fees
- $34,800
- Accounting fees
- $740
- Occupancy
- $5,990
- Program services (functional)
- $205,213
- Management and general (functional)
- $166,272
Balance sheet and other
- Total assets, start of year
- $184,686
- Total assets, end of year
- $180,595
- Total liabilities, end of year
- $2,827
- Net assets, end of year
- $177,768
- Publicly traded securities
- $106,570
- Net assets without donor restrictions
- $177,768
- Gross receipts
- $364,509
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2011
- State of legal domicile
- OH
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 |
|---|---|---|---|
| NATHAN ROCKWELL | SECRETARY Trustee or director, Officer | 10 | $30,000 |
| GEORGE STOUFFER | DIRECTOR Trustee or director | 2 | $0 |
| JIM TIMONERE | DIRECTOR Trustee or director | 2 | $0 |
| SHANE STYZEJ | TREASURER Trustee or director, Officer | 10 | $0 |
| ALICE MCCARTHY | PRESIDENT Trustee or director, Officer | 10 | $0 |
| KELLY SPOSITO | EXECUTIVE DIRECTOR Trustee or director | 32 | $0 |
| CHRISTY GARROD | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY SPOSITO | EXECUTIVE DIRECTOR Trustee or director | 32 | $12,000 |
| GEORGE STOUFFER | DIRECTOR Trustee or director | 2 | $0 |
| JIM TIMONERE | DIRECTOR Trustee or director | 2 | $0 |
| NATHAN ROCKWELL | SECRETARY Trustee or director, Officer | 10 | $0 |
| SHANE STYZEJ | TREASURER Trustee or director, Officer | 10 | $0 |
| ALICE MCCARTHY | PRESIDENT Trustee or director, Officer | 10 | $0 |
| CHRISTY GARROD | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY SPOSITO | EXECUTIVE DIRECTOR Trustee or director | 32 | $42,000 |
| GEORGE STOUFFER | DIRECTOR Trustee or director | 2 | $0 |
| JIM TIMONERE | DIRECTOR Trustee or director | 2 | $0 |
| LAURA JONES | DIRECTOR Trustee or director | 2 | $0 |
| NATHAN ROCKWELL | DIRECTOR Trustee or director | 2 | $0 |
| SHANE STYZEJ | TREASURER Trustee or director, Officer | 10 | $0 |
| ALICE MCCARTHY | PRESIDENT Trustee or director, Officer | 10 | $0 |
| CHRISTY GARROD | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 145 W 46TH ST, ASHTABULA, OH 44004-6916
- In care of
- % STUART W CORDELL
- Principal officer (990 for 2025)
- SHANE STYZEJ, 145 W 46TH STREET, ASHTABULA, OH 44004
- Signed the 990
- SHANE STYZEJ, TREASURER
- Phone
- (440) 525-9018
- Website
- NEOFUND.ORG
- Return prepared by
- SNODGRASS OF NE OHIO INC
Mission
TO COMBAT COMMUNITY DETERIORATION AND ENCOURAGE ECONOMIC DEVELOPMENT AND JOB CREATION IN THE ASHTABULA COUNTY AREA.
Program accomplishments
- TO PROVIDE TRAINING, COACHING AND INDIVIDUAL MENTORING FOR ASPIRING ENTREPRENEURS AND CURRENT SMALL BUSINESS OWNERS AS WELL AS ASSISTING IN CAPITAL READINESS AND OPPORTUNITIES.Expenses $205,213
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
- 45-1768605
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $180,595
- Income (IRS master file)
- $364,509
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $364,509 | $371,485 | $180,595 | IRS |
| 990 | December 2024 | $310,353 | $266,266 | $184,686 | IRS |
| 990 | December 2023 | $182,506 | $191,451 | $143,267 | XML |
| 990 | December 2022 | $185,213 | $141,755 | $149,524 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 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 45-1768605).
Questions about NEW ENTREPRENEURS OPPORTUNITY FUND
- What is the EIN of NEW ENTREPRENEURS OPPORTUNITY FUND?
- The employer identification number (EIN) of NEW ENTREPRENEURS OPPORTUNITY FUND is 45-1768605.
- Is NEW ENTREPRENEURS OPPORTUNITY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to NEW ENTREPRENEURS OPPORTUNITY FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW ENTREPRENEURS OPPORTUNITY FUND 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 ENTREPRENEURS OPPORTUNITY FUND 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 ENTREPRENEURS OPPORTUNITY FUND 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 ENTREPRENEURS OPPORTUNITY FUND?
- The 990 for the year ended December 31, 2025 names SHANE STYZEJ.
- Who are the officers and directors of NEW ENTREPRENEURS OPPORTUNITY FUND?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $30,000 (NATHAN ROCKWELL, SECRETARY).
- How much revenue does NEW ENTREPRENEURS OPPORTUNITY FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $364,509, expenses of $371,485 and total assets of $180,595 at year end.
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