Nonprofit · EIN 83-2344650
CAPITAL FOUNDATION OF NEW YORK INC
Tax-exempt · NEW PALTZ, NY 12561
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $268,835 | $302,511 | -$33,676 | $56,070 | $184,759 | -$128,689 |
| December 31, 2023 | 990 | $289,803 | $341,184 | -$51,381 | $127,243 | $222,256 | -$95,013 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $172,869
- of which government grants
- $153,000
- Program service revenue
- $94,887
- Investment income
- $1,079
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,652
- Program services (functional)
- $265,508
- Management and general (functional)
- $37,003
Balance sheet and other
- Total assets, start of year
- $127,243
- Total assets, end of year
- $56,070
- Total liabilities, end of year
- $184,759
- Net assets, end of year
- -$128,689
- Net assets without donor restrictions
- -$135,491
- Net assets with donor restrictions
- $6,802
- Gross receipts
- $268,835
- Employees
- 0
- Volunteers
- 25
- Year formed
- 2018
- State of legal domicile
- NY
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 |
|---|---|---|---|---|---|
| NOA SIMONS | PRESIDENT AND DIRECTOR Trustee or director, Officer | 12 | $0 | $153,449 | $4,603 |
| RANDY BIANCHI | VICE PRESIDENT AND DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BONNIE ARRANTE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MATT PELKEY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTINE HOWARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| VIKRAM AGRAWAL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ELIZA EDGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SETH MULLIGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| NOA SIMONS | PRESIDENT AND DIRECTOR Trustee or director, Officer, Key employee, Highest-paid employee | 12 | $0 | $173,250 | $5,250 |
| RANDY BIANCHI | VICE PRESIDENT AND DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| A BONNIE RYAN-ARRANTE | TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| MATT PELKEY | SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINE HOWARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| VIKRAM AGRRAWAL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ELIZA EDGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SETH MULLIGAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 42 NORTH CHESTNUT STREET 101, NEW PALTZ, NY 12561-1405
- In care of
- % NOA SIMONS
- Principal officer (990 for 2024)
- SHELBY SCHNEIDER, 42 NORTH CHESTNUT STREET 101, NEW PALTZ, NY 12561
- Signed the 990
- SHELBY SCHNEIDER, PRESIDENT & CEO
- Phone
- (845) 204-8090
- Return prepared by
- BONADIO & CO LLP
Mission
THE CAPITAL FOUNDATION OF NY HAS BEEN FORMED TO PRODUCE AND ADMINISTER EDUCATIONAL ACTIVITIES RELATED TO ENTREPRENEURSHIP AND ADVANCING ENTREPRENEURIAL PURSUITS. THE CAPITAL FOUNDATION OF NEW YORK IS THE ADMINISTRATOR AND PRODUCER OF THE NY BUSINESS PLAN COMPETITION, A NY INTERCOLLEGIATE ENTREPRENEURSHIP COMPETITION, PROVIDING EXPERIENTIAL EDUCATION FOR STUDENTS INTERESTED IN ENTREPRENEURSHIP. THERE ARE 10 REGIONAL COMPETITIONS IN EACH REGION IN NEW YORK STATE, WHERE COMPETITORS APPLY AND COMPETE IN A COMPETITION THAT IS JUDGED BY LOCAL BUSINESS LEADERS. FINALISTS FROM EACH OF SEVERAL TRACKS ADVANCE TO STATEWIDE FINAL COMPETITION WHERE THEY COMPETE FOR PRIZE MONEY AND RECOGNITION. THE CAPITAL FOUNDATION OF NEW YORK PROVIDES MENTORSHIP AND LEADERSHIP TRAINING TO EXECUTIVES SEEKING TO IMPROVE THEIR EFFECTIVENESS IN GROWING AND DEVELOPING OPPORTUNITIES.
Program accomplishments
- THE NY BUSINESS PLAN COMPETITION ("NYBPC") IS A NY INTERCOLLEGIATE ENTREPRENEURSHIP COMPETITION, PROVIDING EXPERIENTIAL EDUCATION FOR STUDENTS INTERESTED IN ENTREPRENEURSHIP. THERE ARE 10 REGIONAL COMPETITIONS IN EACH REGION IN NEW YORK STATE, WHERE COMPETITORS APPLY AND COMPETE AT A COMPETITION THAT IS JUDGED BY LOCAL BUSINESS LEADERS. FINALISTS FROM EACH OF SEVERAL TRACKS ADVANCE TO THE STATEWIDE FINAL COMPETITION WHERE THEY COMPETE FOR PRIZE MONEY AND RECOGNITION.Expenses $233,127 · revenue $62,295
- THE EXECUTIVE MEMBERSHIP PROGRAM IS A GROUP DESIGNED TO OFFER MENTORSHIP AND PROFESSIONAL DEVELOPMENT TO ENTREPRENEUR CEOS TO INCREASE THE LIKELIHOOD THAT THEY WILL GROW AND MAINTAIN THRIVING BUSINESSES IN NEW YORK STATE.Expenses $8,350 · revenue $15,925
- INVEST NY IS A DATA PLATFORM MAPPING THE INNOVATION AND INVESTMENT ECOSYSTEM ACROSS UPSTATE NEW YORK WITH INTELLIGENCE ON STARTUPS, INNOVATION, AND CURATED ANALYSIS. THE ECOSYSTEM IS A FREE RESOURCE BUILT FOR INVESTORS, FOUNDERS, ECOSYSTEMS BUILDERS, AND KEY STAKEHOLDERS.Expenses $24,031 · revenue $16,667
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
- 83-2344650
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $56,070
- Income (IRS master file)
- $268,835
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $268,835 | $302,511 | $56,070 | XML |
| 990 | December 2023 | $289,803 | $341,184 | $127,243 | XML |
| 990 | December 2022 | $189,560 | $213,220 | $73,782 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 83-2344650).
Questions about CAPITAL FOUNDATION OF NEW YORK INC
- What is the EIN of CAPITAL FOUNDATION OF NEW YORK INC?
- The employer identification number (EIN) of CAPITAL FOUNDATION OF NEW YORK INC is 83-2344650.
- Is CAPITAL FOUNDATION OF NEW YORK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CAPITAL FOUNDATION OF NEW YORK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPITAL FOUNDATION OF NEW YORK 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 CAPITAL FOUNDATION OF NEW YORK 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 CAPITAL FOUNDATION OF NEW YORK 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 CAPITAL FOUNDATION OF NEW YORK INC?
- The 990 for the year ended December 31, 2024 names SHELBY SCHNEIDER.
- Who are the officers and directors of CAPITAL FOUNDATION OF NEW YORK INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does CAPITAL FOUNDATION OF NEW YORK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $268,835, expenses of $302,511 and total assets of $56,070 at year end.
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