Nonprofit · EIN 83-0873500
MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENEURIAL ACTIVITY
Tax-exempt · WATERVLIET, NY 12189
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $531,759 | $549,545 | -$17,786 | $293,613 | $30,330 | $263,283 |
| April 30, 2024 | 990 | $540,556 | $528,515 | $12,041 | $310,957 | $29,888 | $281,069 |
| April 30, 2023 | 990 | $429,314 | $379,068 | $50,246 | $284,003 | $14,975 | $269,028 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $519,003
- of which government grants
- $440,000
- Program service revenue
- $12,449
- Investment income
- $0
- Other revenue
- $307
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $129,315
- Other salaries and wages
- $168,267
- Salaries, compensation and benefits (total)
- $332,533
- Professional fundraising fees
- $0
- Legal fees
- $4,200
- Accounting fees
- $37,026
- Occupancy
- $16,435
- Travel
- $24,485
- Depreciation
- $884
- Program services (functional)
- $438,775
- Management and general (functional)
- $100,835
- Fundraising (functional)
- $9,935
Balance sheet and other
- Total assets, start of year
- $310,957
- Total assets, end of year
- $293,613
- Total liabilities, end of year
- $30,330
- Net assets, end of year
- $263,283
- Land, buildings and equipment
- $4,865
- Net assets without donor restrictions
- $263,283
- Gross receipts
- $531,759
- Employees
- 6
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- NY
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHERINE CARUSO | EXECUTIVE DIRECTOR Trustee or director | 40 | $121,227 |
| LAURA MANN | PRESIDENT Trustee or director, Officer | 0 | $0 |
| CARIE SALA | TREASURER Trustee or director, Officer | 0 | $0 |
| ERICA CHOI | SECRETARY Trustee or director, Officer | 0 | $0 |
| KHAMEL ABDULAI | BOARD MEMBER Trustee or director | 0 | $0 |
| AUDRA HIGGINS | BOARD MEMBER Trustee or director | 0 | $0 |
| DENISE SHERMAN | BOARD MEMBER Trustee or director | 0 | $0 |
| TIM WILLIAMS | BOARD MEMBER Trustee or director | 0 | $0 |
| WILLIAM SMITH | BOARD MEMBER Trustee or director | 0 | $0 |
| MARIO COMETTI | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| KAREN WOLFF | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended April 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHERINE CARUSO | EXECUTIVE DIRECTOR Trustee or director | 40 | $108,559 |
| LAURA MANN | PRESIDENT Trustee or director, Officer | 0 | $0 |
| CARIE SALA | TREASURER Trustee or director, Officer | 0 | $0 |
| ERICA CHOI | SECRETARY Trustee or director, Officer | 0 | $0 |
| KHAMEL ABDULAI | BOARD MEMBER Trustee or director | 0 | $0 |
| EMIL BAKER | BOARD MEMBER Trustee or director | 0 | $0 |
| PETER GANNON | BOARD MEMBER Trustee or director | 0 | $0 |
| CATHERINE MCCANN | BOARD MEMBER Trustee or director | 0 | $0 |
| WILLIAM SMITH | BOARD MEMBER Trustee or director | 0 | $0 |
| MARIO COMETTI | VICE PRESIDENT Trustee or director, Officer | 0 | $0 |
| KAREN WOLFF | BOARD MEMBER Trustee or director | 0 | $0 |
| CHARLIE DIAMOND | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended April 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHERINE CARUSO | EXECUTIVE DIRECTOR Trustee or director | 40 | $93,380 |
| LAURA MANN | PRESIDENT Trustee or director, Officer | 0 | $0 |
| CARIE SALA | VICE PRESIDENT/TREASURER Trustee or director, Officer | 0 | $0 |
| CHARLIE DIAMOND | SECRETARY Trustee or director, Officer | 0 | $0 |
| KHAMEL ABDULAI | BOARD MEMBER Trustee or director | 0 | $0 |
| EMIL BAKER | BOARD MEMBER Trustee or director | 0 | $0 |
| ERICA CHOI | BOARD MEMBER Trustee or director | 0 | $0 |
| PETER GANNON | BOARD MEMBER Trustee or director | 0 | $0 |
| CATHERINE MCCANN | BOARD MEMBER Trustee or director | 0 | $0 |
| WILLIAM SMITH | BOARD MEMBER Trustee or director | 0 | $0 |
| MARIO COMETTI | BOARD MEMBER Trustee or director | 0 | $0 |
| KAREN WOLFF | BOARD MEMBER Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 44 DALLIBA AVENUE, WATERVLIET, NY 12189-4021
- Mailing address (990-N for 2018)
- 44 Dalliba Ave, Watervliet NY 12189
- Principal officer (990 for 2024)
- KATHERINE CARUSO, 44 DALLIBA AVE, WATERVLIET, NY 12189
- Principal officer (990-N for 2018)
- Katherine Caruso, 44 Dalliba Ave, Watervliet NY 12189
- Signed the 990
- KATHERINE CARUSO, EXECUTIVE DIRECTOR
- Phone
- (518) 326-5522
- Return prepared by
- WOJESKI & COMPANY CPA'S PC
Mission
THE ORGANIZATION WAS FORMED TO PROVIDE ENTREPRENEURIAL TRAINING, COUNSELING AND NETWORK CONNECTIONS TO VETERANS, TRANSITIONING SERVICE MEMBERS AND THEIR SPOUSES. THE ORGANIZATION LEVERAGES EMERGING TECHNOLOGIES TO HARNESS AND STRENGHTEN THE VETERAN BUSINESS ECOSYSTEM PROVIDING SERVICES BOTH VIRTUALLY AND IN-PERSON.
Program accomplishments
- PROVIDE ENTREPRENEURIAL TRAINING, COUNSELING AND NETWORK CONNECTIONS TO VETERANS, TRANSITIONING SERVICE MEMBERS AND THIER SPOUSES.Expenses $438,775 · revenue $531,759
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 83-0873500
- 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
- 2019
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $293,613
- Income (IRS master file)
- $531,759
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $531,759 | $549,545 | $293,613 | XML |
| 990 | April 2024 | $540,556 | $528,515 | $310,957 | XML |
| 990 | April 2023 | $429,314 | $379,068 | $284,003 | XML |
| 990 | April 2022 | – | – | – | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990-EZ | April 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Katherine Caruso | April 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 83-0873500).
Questions about MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENEURIAL ACTIVITY
- What is the EIN of MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENEURIAL ACTIVITY?
- The employer identification number (EIN) of MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENEURIAL ACTIVITY is 83-0873500.
- Is MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENEURIAL ACTIVITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENEURIAL ACTIVITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENEURIAL ACTIVITY 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 MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENEURIAL ACTIVITY due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENEURIAL ACTIVITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENEURIAL ACTIVITY?
- The 990 for the year ended April 30, 2025 names KATHERINE CARUSO.
- Who are the officers and directors of MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENEURIAL ACTIVITY?
- The 990 for the year ended April 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $121,227 (KATHERINE CARUSO, EXECUTIVE DIRECTOR).
- How much revenue does MICHAEL R MCNULTY CENTER FOR VETERAN ENTREPRENEURIAL ACTIVITY have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $531,759, expenses of $549,545 and total assets of $293,613 at year end.
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