2023-07-10T11:00:32-05:00 2022-12-31 043379904 STOWE & DEGON LLC 95A TURNPIKE ROAD WESTBOROUGH MA 01581 990 2022-06-21 882922788 NEW MAJORITY CAPITAL FOUNDATION INC NEWM 7818643447 24 ROSEMARY AVENUE WAKEFIELD MA 01880 ALLEGRA STENNETT TREASURER/EXECUTIVE DIRECTOR 7818643447 2023-06-26 1 ALLEGRA STENNETT XXX-XX-XXXX 0 RICHARD ANTENUCCI P00893261 5089836700 2023-06-26 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X ALLEGRA STENNETT 24 ROSEMARY AVENUE WAKEFIELD MA 01880 454504 0 X WWW.NMCFOUND.ORG X 2022 MA THE FOUNDATION AIMS TO ATTACK THE GENDER AND RACIAL WEALTH GAPS WHILE ALSO PROVIDING SERVICES TO HELP ENSURE THAT RETIRING SMALL BUSINESS OWNERS CAN LEAVE A LEGACY BEHIND WITH THE JOBS THEY HAVE CREATED IN THEIR COMMUNITIES. THIS IS ACCOMPLISHED THROUGH EDUCATIONAL PROGRAMMING AND SUPPORT TO EMPOWER ENTREPRENEURS FROM UNDERREPRESENTED COMMUNITIES. ADDITIONALLY, THE FOUNDATION WILL ASSIST SMALL BUSINESS OWNERS CONSIDERING SUCCESSION PLANS AND EXIT STRATEGIES THROUGH TWO ACTIVE PROGRAMS: 1) ENTREPRENEURSHIP THROUGH ACQUISITION (ETA) ACCELERATOR PROGRAM EDUCATIONAL AND SUPPORT SERVICES SURROUNDING THE PROCESS OF BUYING AND SCALING AN EXISTING SMALL BUSINESS INSTEAD OF STARTING ONE FROM SCRATCH. 2) SUCCESSION READY PROGRAM EDUCATION AND SUPPORT TO HELP OWNERS OF BUSINESSES TO CREATE SUCCESSION PLANS. 3 0 1 3 0 0 454504 0 0 0 454504 0 0 51363 0 22382 69448 120811 333693 333693 0 333693 X THE FOUNDATION AIMS TO ATTACK THE GENDER AND RACIAL WEALTH GAPS WHILE ALSO PROVIDING SERVICES TO HELP ENSURE THAT RETIRING SMALL BUSINESS OWNERS CAN LEAVE A LEGACY BEHIND WITH THE JOBS THEY HAVE CREATED IN THEIR COMMUNITIES. THIS IS ACCOMPLISHED THROUGH EDUCATIONAL PROGRAMMING AND SUPPORT TO EMPOWER ENTREPRENEURS FROM UNDERREPRESENTED COMMUNITIES. 0 0 81990 422824 ENTREPRENEURSHIP THROUGH ACQUISITION (ETA) ACCELERATOR PROGRAM EDUCATION AND SUPPORT SERVICES SURROUNDING THE PROCESS OF BUYING AND SCALING AN EXISTING SMALL BUSINESS INSTEAD OF STARTING ONE FROM SCRATCH. 0 31680 SUCCESSION READY PROGRAM EDUCATION AND SUPPORT SERVICES TO HELP OWNERS OF BUSINESSES CREATE SUCCESSION PLANS. 81990 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MA X THE ORGANIZATION 7818643447 24 ROSEMARY AVENUE WAKEFIELD MA 01880 DARRYL LINDIE PRESIDENT 8.00 X X 0 0 0 HAVELL RODRIGUES CLERK 8.00 X X 0 0 0 ALLEGRA STENNETT TREASURER 32.00 X 44780 0 0 44780 0 0 0 0 0 0 0 454504 454504 454504 0 0 0 X 44780 33585 2239 8956 2823 2117 141 565 3760 2820 188 752 11000 11000 42806 34726 2622 5458 3785 2776 249 760 9395 3504 5891 PROGRAM EVENTS 2462 2462 120811 81990 16439 22382 178333 155360 0 333693 0 0 X -27053 360746 0 333693 0 333693 333693 0 X 1 X 0 1 0 X 451144 451144 451144 451144 451144 451144 X PART VI THE INITIAL YEAR OF THE ORGANIZATION IS A SHORT YEAR RUNNING FROM 6/1/2022 TO 12/31/2022. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990, PART VI, SECTION B, LINE 11B IT IS REVIEWED FIRST BY THE BOOKKEEPER AND BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST WILL BE UPDATED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION IS REVIEWED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS WILL BE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 33,924. MANAGEMENT AND GENERAL EXPENSES 1,893. FUNDRAISING EXPENSES 4,879. TOTAL EXPENSES 40,696. LICENSES AND FEES: PROGRAM SERVICE EXPENSES 407. MANAGEMENT AND GENERAL EXPENSES 569. FUNDRAISING EXPENSES 108. TOTAL EXPENSES 1,084. MEMBERSHIP DUES: PROGRAM SERVICE EXPENSES 395. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 350. TOTAL EXPENSES 745. OTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 160. FUNDRAISING EXPENSES 121. TOTAL EXPENSES 281.