Nonprofit · EIN 83-4583974
NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC
Tax-exempt · BALTIMORE, MD 21231
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $301,000 | $354,183 | -$53,183 | $110,812 | $0 | $110,812 |
| December 31, 2023 | 990 | $510,000 | $444,782 | $65,218 | $163,995 | $0 | $163,995 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $201,000
- Program service revenue
- $100,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,055
- Travel
- $7,445
- Program services (functional)
- $202,049
- Management and general (functional)
- $131,100
- Fundraising (functional)
- $21,034
Balance sheet and other
- Total assets, start of year
- $163,995
- Total assets, end of year
- $110,812
- Total liabilities, end of year
- $0
- Net assets, end of year
- $110,812
- Net assets without donor restrictions
- $110,812
- Gross receipts
- $301,000
- Employees
- 0
- Year formed
- 2019
- State of legal domicile
- MD
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 |
|---|---|---|---|
| JEFFREY CHERRY | PRESIDENT Trustee or director, Officer | – | $0 |
| JULIE LENZER | DIRECTOR Trustee or director | – | $0 |
| L CONTENT MCLAUGHLIN | VP AND SECRE Trustee or director, Officer | – | $0 |
| JOSEPH VALIS | TREASURER Officer | – | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY CHERRY | PRESIDENT Trustee or director, Officer | – | $0 |
| JULIE LENZER | DIRECTOR Trustee or director | – | $0 |
| L CONTENT MCLAUGHLIN | VP AND SECRT Trustee or director, Officer | – | $0 |
| JOSEPH VALIS | TREASURER Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 901 S BOND ST STE 203, BALTIMORE, MD 21231-3339
- Principal officer (990 for 2024)
- JEFFREY CHERRY, 901 S BOND STREET SUITE 203, BALTIMORE, MD 21231
- Signed the 990
- JEFFREY CHERRY, PRESIDENT
- Phone
- (410) 279-5663
- Website
- WWW.NOVELLACENTER.ORG
- Return prepared by
- RYAN & WETMORE PC
Mission
THE CORPORATION IS FORMED AND OPERATED FOR THE PURPOSE OF ADMINISTERING TRAINING PROGRAMS THAT EXPOSE EARLY STAGE FOUNDERS, CEOS AND OTHER EXECUTIVES TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM, AND TO THE IDEA OF USING ENTREPRENEURSHIP AS A TOOL FOR ECONOMIC INCLUSION, GROWTH, AND WEALTH CREATION.
Program accomplishments
- CVL COHORT BALTIMORE 11: NOVELLA CENTER FOR ENTREPRENEURSHIP ADMINISTRERED THE 14-WEEK CVL ACCELERATOR PROGRAM IN BALTIMORE. COHORT 11 LAUNCHED IN MARCH 2024 WITH 9 COMPANIES (4 WOMEN FOUNDERS; 8 MINORITY FOUNDERS; 2 BALTIMORE COMPANIES; 3 MARYLAND COMPANIES). PURPOSE OF THE PROGRAM IS TO CREATE PARTNERSHIPS AND PROGRAMMING TO TRAIN ENTREPRENEURS HOW TO BUILD COMPANIES THAT MATTER BY EXPOSING THEM TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM AND SHOW THEM HOW MANAGING A BUSINESS FOR ALL OF ITS STAKEHOLDERS CREATES BOTH SOCIETAL AND FINANCIAL VALUE.Expenses $149,538 · revenue $40,000
- CVL COHORT BALTIMORE 12: COHORT 12 LAUNCHED IN SEPTEMBER 2024 WITH 11 COMPANIES (5 WOMEN FOUNDERS; 9 MINORITY FOUNDERS; 3 BALTIMORE COMPANIES; 6 MARYLAND COMPANIES). PURPOSE OF THE PROGRAM IS TO CREATE PARTNERSHIPS AND PROGRAMMING TO TRAIN ENTREPRENEURS HOW TO BUILD COMPANIES THAT MATTER BY EXPOSING THEM TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM AND SHOW THEM HOW MANAGING A BUSINESS FOR ALL OF ITS STAKEHOLDERS CREATES BOTH SOCIETAL AND FINANCIAL VALUE.Expenses $44,321
- CVL COHORT 10: PURPOSE OF THE PROGRAM IS TO CREATE PARTNERSHIPS AND PROGRAMMING TO TRAIN ENTREPRENEURS HOW TO BUILD COMPANIES THAT MATTER BY EXPOSING THEM TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM AND SHOW THEM HOW MANAGING A BUSINESS FOR ALL OF ITS STAKEHOLDERS CREATES BOTH SOCIETAL AND FINANCIAL VALUE.Expenses $8,190 · revenue $51,000
- THE ORGANIZATION IS FORMED AND OPERATED FOR THE PURPOSE OF ADMINISTERING TRAINING PROGRAMS THAT EXPOSE EARLY-STATE FOUNDERS, CEOS AND OTHER EXECUTIVES TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM, AND TO THE IDEA OF USING ENTREPRENEURS AS A TOOL FOR ECONOMIC INCLUSION, GROWTH, AND WEALTH CREATIONS.revenue $60,000
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
- 83-4583974
- 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 (S20)
- Assets (IRS master file)
- $110,812
- Income (IRS master file)
- $301,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $301,000 | $354,183 | $110,812 | XML |
| 990 | December 2023 | $510,000 | $444,782 | $163,995 | XML |
| 990 | December 2022 | $160,000 | $61,223 | $98,777 | 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 83-4583974).
Questions about NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC
- What is the EIN of NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC?
- The employer identification number (EIN) of NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC is 83-4583974.
- Is NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB 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 NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB 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 NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC 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 NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC?
- The 990 for the year ended December 31, 2024 names JEFFREY CHERRY.
- Who are the officers and directors of NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $301,000, expenses of $354,183 and total assets of $110,812 at year end.
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