Form 990 for tax year 2025
Filed by FOUNDATION OF THE GREATER NEW HAVEN CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $112,278
- Total expenses
- $103,710
- Contributions and grants received
- $112,242
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $36
- Other revenue
- $0
- Total assets, end of year
- $160,080
- Total liabilities, end of year
- $88,577
- Net assets or fund balances, end of year
- $71,503
- Program services expenses (Part IX)
- $100,733
- Management and general expenses
- $2,977
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $100,733
Program services were 97.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$112,242
-
3 · Investment income
total $36 · excluded $36
Functional expenses
Part IX, the statement of functional expenses.
-
13 · Office expenses
total $4,962 · program services $1,985 · management and general $2,977
-
24a · Other expenses: NEW HAVEN SCIENCE FAIR
total $51,281 · program services $51,281
-
24b · Other expenses: COMMUNITY FOUNDATION IN
total $27,500 · program services $27,500
-
24c · Other expenses: NEW HAVEN PUBLIC FUND
total $19,967 · program services $19,967
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $118,902 · end of year $151,303
-
4 · Accounts receivable
beginning of year $34,049 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $16,125 · end of year $8,777
-
17 · Accounts payable and accrued expenses
beginning of year $22,620 · end of year $14,336
-
19 · Deferred revenue
beginning of year $83,521 · end of year $74,241
-
27 · Net assets without donor restrictions
beginning of year $50,697 · end of year $59,265
-
28 · Net assets with donor restrictions
beginning of year $12,238 · end of year $12,238
Mission and programs · 2025
Mission
RECEIVE AND ADMINISTER GIFTS, GRANTS AND CONTRIBUTIONS. ASSIST LOCAL & STATE GOVERNMENT LEADERS IN COMMUNITY DEVELOPMENT PROGRAMS.
-
SCHOLARSHIPS AND GRANTS
-
NEW HAVEN PUBLIC EDUCATION FUND - PROMOTE AND DEVELOP THE FOLLOWING PROGRAMS IN COOPERATION WITH THE NEW HAVEN BOARD OF EDUCATION: PARENT INVOLVEMENT, PARTNERS IN EDUCATION & PROMOTING SCHOOL EXCELLENCE INITIATIVES.
Expenses $73,233
-
NEW HAVEN COMMUNITY FOUNDATION - PROMOTE AND DEVELOP ADVANCING EQUITY AND CREATING OPPORTUNITY IN GREATER NEW HAVEN BY BUILDING AN ECONOMY THAT WORKS FOR EVERYONE.
Expenses $27,500
As filed on the 2025 return.
Listed in Part VII
-
Garrett SheehanGARRETT SHEEHAN
PRESIDENT
- Total calculated
- $264,407
- From this org
- $0
- From related orgs
- $251,727
- Other
- $12,680
- Hours/week
- 1 + 32 related
Schedule J breakdown matched by us
- Base
- $0 + $212,389 related
- Bonus
- $0 + $39,338 related
- Other
- $0
- Deferred
- $0 + $10,185 related
- Nontaxable benefits
- $0 + $2,495 related
- Filer's total
- $0 + $264,407 related
-
Jeffery SolomonJEFFERY SOLOMON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Heather LatorraHEATHER LATORRA
IMMEDIATE PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Farrell SimonFARRELL SIMON
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Andrea KovacsANDREA KOVACS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Cecil AustinCECIL AUSTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jennifer BradleyJENNIFER BRADLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Al CarboneAL CARBONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Alexandra DaumALEXANDRA DAUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Howard HillHOWARD HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jeffrey KlausJEFFREY KLAUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly PedrickKIMBERLY PEDRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
James PeritoJAMES PERITO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael SchafferMICHAEL SCHAFFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael TaylorMICHAEL TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES. THE RELATED GREATER NEW HAVEN CHAMBER OF COMMERCE'S BOARD OF DIRECTORS APPROVES THE COMPENSATION EACH YEAR OF THEIR TOP MANAGEMENT OFFICIALS BASED UPON INDEPENDENT STUDIES.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
GREATER NEW HAVEN CHAMBER OF COMMERCE
501(C)(6) · CHAMBER OF COMMERCE · CT
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 25 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202602519349300805
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