Nonprofit · EIN 83-1833081
NEW GROWTH INNOVATION NETWORK
Tax-exempt · MIAMI, FL 33145
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,202,365 | $4,431,708 | $1,770,657 | $5,162,212 | $810,756 | $4,351,456 |
| December 31, 2023 | 990 | $1,835,314 | $2,749,469 | -$914,155 | $2,746,301 | $165,502 | $2,580,799 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,433,969
- of which government grants
- $2,169,019
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$231,604
- Other revenue
- -$231,604
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,592,202
- Salaries, compensation and benefits (total)
- $1,918,579
- Professional fundraising fees
- $0
- Travel
- $292,469
- Program services (functional)
- $3,818,880
- Management and general (functional)
- $612,828
Balance sheet and other
- Total assets, start of year
- $2,746,301
- Total assets, end of year
- $5,162,212
- Total liabilities, end of year
- $810,756
- Net assets, end of year
- $4,351,456
- Net assets without donor restrictions
- $343,816
- Net assets with donor restrictions
- $4,007,640
- Gross receipts
- $6,509,865
- Employees
- 14
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- IL
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 |
|---|---|---|---|
| M YASMINA MCCARTY | CEO AND PRESIDENT Officer | 40 | $222,933 |
| SWATI GHOSH | VICE PRESIDENT, INSIGHTS A Key employee | 40 | $175,326 |
| MAURICE JONES | DIRECTOR Trustee or director | 2 | $0 |
| KATHLEEN LEE | DIRECTOR Trustee or director | 2 | $0 |
| DAVID WARM | DIRECTOR Trustee or director | 2 | $0 |
| RODRICK MILLER | DIRECTOR Trustee or director | 2 | $0 |
| CATHY BELK | DIRECTOR Trustee or director | 1 | $0 |
| BETSY BIEMANN | DIRECTOR Trustee or director | 1 | $0 |
| PAUL BROPHY | DIRECTOR Trustee or director | 2 | $0 |
| TIM FERGUSON | DIRECTOR Trustee or director | 2 | $0 |
| JOHN IRONS | DIRECTOR Trustee or director | 2 | $0 |
| PAT O'BRIEN | DIRECTOR Trustee or director | 2 | $0 |
| RANDAL PINKETT | DIRECTOR Trustee or director | 2 | $0 |
| LYNEIR RICHARDSON | DIRECTOR Trustee or director | 2 | $0 |
| MARLENE SELTZER | DIRECTOR Trustee or director | 2 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE EVENS | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT WEISSBOURD | DIRECTOR Trustee or director | 2 | $0 |
| ERICKA SETH DAVIES | DIRECTOR Trustee or director | 2 | $0 |
| BOBBY LEE | DIRECTOR Trustee or director | 2 | $0 |
| CHINWE ONYEAGORO | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| M YASMINA MCCARTY | CEO AND PRESIDENT Officer | 40 | $228,800 |
| SWATI GHOSH | VICE PRESIDENT, INSIGHTS AND INNOVATIONS Key employee | 40 | $183,872 |
| MAURICE JONES | CO-CHAIR Trustee or director, Officer | 2 | $0 |
| KATHLEEN LEE | CO-CHAIR Trustee or director, Officer | 2 | $0 |
| DAVID WARM | TREASURER Trustee or director, Officer | 2 | $0 |
| RODRICK MILLER | SECRETARY Trustee or director, Officer | 2 | $0 |
| CATHY BELK | DIRECTOR Trustee or director | 2 | $0 |
| BETSY BIEMANN | DIRECTOR Trustee or director | 2 | $0 |
| PAUL BROPHY | DIRECTOR Trustee or director | 2 | $0 |
| TIM FERGUSON | DIRECTOR Trustee or director | 2 | $0 |
| JOHN IRONS | DIRECTOR Trustee or director | 2 | $0 |
| PAT O'BRIEN | DIRECTOR Trustee or director | 2 | $0 |
| RANDAL PINKETT | DIRECTOR Trustee or director | 2 | $0 |
| LYNEIR RICHARDSON | DIRECTOR Trustee or director | 2 | $0 |
| MARLENE SELTZER | DIRECTOR Trustee or director | 2 | $0 |
| ROB SIMPSON | DIRECTOR Trustee or director | 2 | $0 |
| ROBERT WEISSBOURD | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2103 CORAL WAY STE 200, MIAMI, FL 33145-2660
- In care of
- % ROBERT WEISSBOUND
- Mailing address (990-N for 2018)
- 30 W MONROE STREET NO 510, CHICAGO IL 60603
- Principal officer (990 for 2024)
- M YASMINA MCCARTY, 2103 CORAL WAY 2ND FLOOR, MIAMI, FL 33145
- Principal officer (990-N for 2018)
- M YASMINA MCCARTY, 30 W MONROE STREET SUITE 510, CHICAGO IL 60603
- Signed the 990
- M YASMINA MCCARTY, CEO AND PRESIDENT
- Phone
- (305) 399-8087
- Website
- HTTPS://NEWGROWTH.ORG/
- Return prepared by
- VERDEJA & ALVAREZ LLP
Mission
TO BUILD A ROBUST FIELD OF INCLUSIVE GROWTH PRACTICE THAT DRIVES A MORE INCLUSIVE, PROSPEROUS ECONOMY.
Program accomplishments
- NEW GROWTH INNOVATION NETWORK (NGIN) IS A NATIONAL NONPROFIT THAT EQUIPS ECONOMIC, COMMUNITY, AND GOVERNMENT LEADERS WITH INSIGHTS, INNOVATIONS, CAPITAL, AND LOCALIZED SUPPORT TO ENSURE THAT ECONOMICALLY EXCLUDED COMMUNITIES CAN LEAD, SHAPE, AND BENEFIT FROM REGIONAL ECONOMIC GROWTH. IN 2024, NGIN SERVED LEADERS FROM 786 ORGANIZATIONS ACROSS 40 U.S. STATES. NGIN AND ITS PARTNERS TRAINED 141 ORGANIZATIONS AND PROVIDED TECHNICAL ASSISTANCE 37 ECONOMIC DEVELOPMENT ORGANIZATIONS AND 35 COMMUNITY-BASED ORGANIZATIONS IN 24 DIFFERENT CITIES ACROSS THE U.S., HAWAII, AND PUERTO RICO. ADDITIONALLY, NGIN'S ADVANCING ECONOMIC MOBILITY PROGRAM TRAINED 22 ORGANIZATIONS AND PROVIDED TECHNICAL ASSISTANCE AND SUPPORT TO 10 COMMUNITIES. NGIN LAUNCHED ITS CAPITAL SUPPORT PROGRAM AND A SERIES OF THOUGHT LEADERSHIP INSIGHT PIECES. FINALLY, NGIN HOSTED ITS BIENNIAL FLAGSHIP CITYSCAPES SUMMIT IN DURHAM, NC, BRINGING TOGETHER OVER 350 CITY LEADERS WITH A MISSION TO "IGNITE INCLUSIVE ECONOMIES".Expenses $3,818,880
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
- 83-1833081
- 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
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $5,162,212
- Income (IRS master file)
- $6,509,865
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,202,365 | $4,431,708 | $5,162,212 | XML |
| 990 | December 2023 | $1,835,314 | $2,749,469 | $2,746,301 | XML |
| 990 | December 2022 | $4,225,478 | $1,356,949 | $3,511,444 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: M YASMINA MCCARTY | December 31, 2018 | ≤ $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 83-1833081).
Questions about NEW GROWTH INNOVATION NETWORK
- What is the EIN of NEW GROWTH INNOVATION NETWORK?
- The employer identification number (EIN) of NEW GROWTH INNOVATION NETWORK is 83-1833081.
- Is NEW GROWTH INNOVATION NETWORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to NEW GROWTH INNOVATION NETWORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW GROWTH INNOVATION NETWORK 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 GROWTH INNOVATION NETWORK 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 GROWTH INNOVATION NETWORK 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 GROWTH INNOVATION NETWORK?
- The 990 for the year ended December 31, 2024 names M YASMINA MCCARTY.
- Who are the officers and directors of NEW GROWTH INNOVATION NETWORK?
- The 990 for the year ended December 31, 2024 lists 20 people; 2 received compensation from the organization, the highest $222,933 (M YASMINA MCCARTY, CEO AND PRESIDENT).
- How much revenue does NEW GROWTH INNOVATION NETWORK have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,202,365, expenses of $4,431,708 and total assets of $5,162,212 at year end.
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