Nonprofit · EIN 87-3267187
NEW HAVEN INNOVATION LABS INC
Tax-exempt · CHESHIRE, CT 06410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $978,044 | $978,044 | $0 | $169,540 | $169,540 | $0 |
| December 31, 2023 | 990 | $753,321 | $973,645 | -$220,324 | $280,064 | $280,064 | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $978,044
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $542,268
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,000
- Occupancy
- $150,000
- Depreciation
- $8,288
- Program services (functional)
- $542,268
- Management and general (functional)
- $435,776
Balance sheet and other
- Total assets, start of year
- $280,064
- Total assets, end of year
- $169,540
- Total liabilities, end of year
- $169,540
- Net assets, end of year
- $0
- Land, buildings and equipment
- $58,922
- Gross receipts
- $978,044
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2021
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHELE SOLOMON | DIRECTOR Trustee or director | 2 | $0 | $178,101 | $56,728 |
| JOHN GEIBEL | PAST DIRECTOR Trustee or director | 2 | $0 | $191,806 | $29,031 |
| CHRISTOPHER VENDOLA | PAST DIRECTOR Trustee or director | 2 | $0 | $153,153 | $13,677 |
| MARGARET MASON | DIRECTOR Trustee or director | 2 | $0 | $13,932 | $0 |
| KEVIN MYATT | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN GEIBEL | DIRECTOR Trustee or director | 2 | $0 | $346,250 | $51,415 |
| CHRISTOPHER VENDOLA | DIRECTOR Trustee or director | 2 | $0 | $150,645 | $13,386 |
| MARGARET MASON | DIRECTOR Trustee or director | 2 | $0 | $13,932 | $0 |
Address and contacts
- Address (IRS master file)
- 812 BARDON CT, CHESHIRE, CT 06410-3301
- Principal officer (990 for 2024)
- MARGARET P MASON, 290 CONGRESS AVENUE, NEW HAVEN, CT 06519
- Signed the 990
- MARGARET P MASON, PRESIDENT
- Phone
- (203) 562-9901
- Return prepared by
- SEWARD AND MONDE CPA'S
Mission
TO PROMOTE, SUPPORT AND FURTHER THE ECONOMIC HEALTH AND DEVELOPMENT OF THE CITY OF NEW HAVEN AND ITS REGIONS THEREBY RELIEVING GOVERNMENTAL BURDENS, TO ADVANCE SCIENCE BY ENGAGING IN EFFORTS TO SUPPORT BIOMEDICAL AND OTHER SCIENTIFIC RESEARCH AND TO BENEFIT ITS SOLE MEMBER THE JOHN B. PIERCE LABORATORY, INC. (A 501(C)(3) ORGANIZATION). THE CORPORATION'S ACTIVITIES INCLUDE OPERATING AN INCUBATOR FACILITY FOR START-UP AND FLEDGLING COMPANIES ENGAGED IN BIO-SCIENTIFIC RESEARCH AND SUPPORTING SUCH RESEARCH, ENGAGING IN OTHER ACTIVITIES THAT SUPPORT JOB CREATION, PROMOTING COLLABORATION AND SHARING OF KNOWLEDGE AMONG SCIENTISTS AND ADVANCING EDUCATION AND TRAINING TO LOCAL STUDENTS IN BIOSCIENCE AND RESEARCH.
Program accomplishments
- OPERATING AN INCUBATOR FACILITY FOR START-UP AND FLEDGLING COMPANIES ENGAGED IN BIO-SCIENTIFIC RESEARCH AND SUPPORTING SUCH RESEARCH, ENGAGING IN OTHER ACTIVITIES THAT SUPPORT JOB CREATION, PROMOTING COLLABORATION AND SHARING OF KNOWLEDGE AMONG SCIENTISTS, ADVANCING EDUCATION AND TRAINING TO LOCAL STUDENTS IN BIOSCIENCE AND RESEARCH AND TO BENEFIT ITS SOLE MEMBER THE JOHN B. PIERCE LABORATORY, INC. ( A 501(C)(3) ORGANIZATION).Expenses $542,268 · grants $542,268 · revenue $978,044
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
- 87-3267187
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- 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 (S30)
- Assets (IRS master file)
- $169,540
- Income (IRS master file)
- $978,044
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $978,044 | $978,044 | $169,540 | XML |
| 990 | December 2023 | $753,321 | $973,645 | $280,064 | XML |
| 990 | December 2022 | $408,452 | $269,130 | $344,717 | IRS |
| 990 | December 2021 | – | – | – | 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 87-3267187).
Questions about NEW HAVEN INNOVATION LABS INC
- What is the EIN of NEW HAVEN INNOVATION LABS INC?
- The employer identification number (EIN) of NEW HAVEN INNOVATION LABS INC is 87-3267187.
- Is NEW HAVEN INNOVATION LABS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to NEW HAVEN INNOVATION LABS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW HAVEN INNOVATION LABS 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 NEW HAVEN INNOVATION LABS 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 NEW HAVEN INNOVATION LABS 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 NEW HAVEN INNOVATION LABS INC?
- The 990 for the year ended December 31, 2024 names MARGARET P MASON.
- Who are the officers and directors of NEW HAVEN INNOVATION LABS INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does NEW HAVEN INNOVATION LABS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $978,044, expenses of $978,044 and total assets of $169,540 at year end.
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