2025-07-17T10:43:21-05:00 2024-12-31 043379904 STOWE & DEGON LLC 95A TURNPIKE ROAD WESTBOROUGH MA 01581 990 2024-01-01 882922788 NEW MAJORITY CAPITAL FOUNDATION INC NEWM 7818643447 24 ROSEMARY AVENUE WAKEFIELD MA 01880 ALLEGRA STENNETT TREASURER/EXECUTIVE DIRECTOR 7818643447 2025-07-14 1 0 RICHARD ANTENUCCI P00893261 5089836700 2025-07-08 2024 2025-03-06 01:10:19Z ALLEGRA STENNETT 24 ROSEMARY AVENUE WAKEFIELD MA 01880 3307793 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. 7 4 7 40 0 0 1529464 3286033 0 0 0 10023 0 11737 1529464 3307793 0 0 0 0 288285 241193 0 0 0 755920 1923725 1044205 2164918 485259 1142875 956877 2854583 137925 892756 818952 1961827 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 2164918 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. SUCCESSION READY PROGRAM EDUCATION AND SUPPORT SERVICES TO HELP OWNERS OF BUSINESSES CREATE SUCCESSION PLANS. 2164918 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 102 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 4 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 4.00 X X 0 0 0 HAVELL RODRIGUES CLERK 8.00 X X 0 0 0 CRYSTAL WARD DIRECTOR 1.00 X 0 0 0 DEENEAUS POLK DIRECTOR 1.00 X 0 0 0 ROGER RICHARDS DIRECTOR 1.00 X 0 0 0 MELISSA CASTRO DIRECTOR 1.00 X 0 0 0 ALLEGRA STENNETT TREASURER 40.00 X 129415 0 0 129415 0 0 1 0 0 0 RICHARD T BLISS 223 BEACON ST APT 1 BOSTON MA 02116 FACULTY/CURRICULUM 143213 1 3286033 44634 3286033 10023 10023 OTHER INCOME 900099 11737 11737 11737 3307793 21760 0 0 X 129415 129415 78995 78995 18635 18635 14148 14148 1004849 1004849 27370 27370 53392 53392 254068 254068 5247 5247 7569 7569 PROGRAM EVENTS 333777 333777 TRAINING STIPENDS 199364 199364 PROFESSIONAL FEES 38089 38089 2164918 2164918 0 0 406831 2262820 521344 565711 3780 3777 27522 5247 24922 22275 956877 2854583 137925 97282 795474 137925 892756 X -171397 217895 990349 1743932 818952 1961827 956877 2854583 1142875 0 X X 0 1 X 1 0 X 451144 1285944 3241399 4978487 451144 1285944 3241399 4978487 4978487 10023 10023 11737 11737 5000247 0.99560 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27522 5247 22275 22275 3307793 0 3307793 0 3307793 2164918 0 2164918 0 2164918 X DONATED SERVICES 0 44634 0 0 0 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 REVIEWED ON QUARTERLY BASIS. FORM 990, PART VI, SECTION B, LINE 15 A DRAFT OF THE FORM 990 SHALL BE DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW PRIOR TO BEING SUBMITTED TO THE IRS. THE DRAFT FORM 990 SHALL BE DISTRIBUTED EARLY ENOUGH TO PROVIDE EACH BOARD MEMBER WITH A REASONABLE AMOUNT OF TIME FOR REVIEW AND SUBMISSION OF QUESTIONS OR COMMENTS PRIOR TO THE FILING DEADLINE. 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 974,099. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 974,099. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 25,535. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,535. OTHER: PROGRAM SERVICE EXPENSES 5,215. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,215. FORM 990, PART XII, LINE 2C: THE FINANCIAL STATEMENT HAS BEEN AUDITED BY INDEPENDENT ACCOUNTANT FOR 2024.