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EIN 88-2922788

New Majority Capital Foundation

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Wakefield
State
Massachusetts
Year formed
2022
Most recent tax filings
2023-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
New Majority Capital Foundation helps close wealth gaps by providing education and support to retiring small business owners. Offers ETA and succession ready programs.
Total revenues
$1,529,464
2023
Total expenses
$1,044,205
2023
Total assets
$956,877
2023
Num. employees
2
2023

Program areas at New Majority Capital Foundation

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.

Who funds New Majority Capital Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Zebras UniteTo Further Organizations Mission$50,000

Personnel at New Majority Capital Foundation

NameTitleCompensation
Allegra StennettTreasurer and Executive Director$120,000
Darryl LindiePresident$0
Havell RodriguesClerk$0

Financials for New Majority Capital Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,529,464
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,529,464

Form 990s for New Majority Capital Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-08990View PDF
2022-122023-07-10990View PDF

Organizations like New Majority Capital Foundation

OrganizationLocationRevenue
Stella FoundationSolana Beach, CA$562,150
Miami Bayside FoundationMiami, FL$2,311,864
Sherman Phoenix FoundationMilwaukee, WI$668,697
Arizona Hispanic Chamber of Commerce Foundation CorporationPhoenix, AZ$1,741,555
Black Girl Ventures FoundationFort Belvoir, VA$4,434,818
SCORE FoundationHerndon, VA$2,180,146
Upper Cumberland Entreprenurial FoundationCookeville, TN$526,502
Maestro Leadership FoundationSan Antonio, TX$692,270
First American Capital CorporationHales Corners, WI$2,568,889
Accompany CapitalNew York, NY$3,673,345
Data update history
December 31, 2023
Received grants
Identified 1 new grant, including a grant for $50,000 from Zebras Unite
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 23, 2023
Updated personnel
Identified 3 new personnel
August 20, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Business and industry
Characteristics
Tax deductible donationsAccepts online donations
General information
Address
24 Rosemary Ave
Wakefield, MA 01880
Metro area
Boston-Cambridge-Newton, MA-NH
County
Middlesex County, MA
Website URL
nmcfound.org/ 
Phone
(781) 864-3447
IRS details
EIN
88-2922788
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2022
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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