Nonprofit · EIN 92-1469219
SQUARED NETWORK
Tax-exempt · BOSTON, MA 02108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $2,466,279 | $872,152 | $1,594,127 | $2,061,104 | $11,815 | $2,049,289 |
| September 30, 2024 | 990 | $578,026 | $431,840 | $146,186 | $469,649 | $14,486 | $455,163 |
| September 30, 2023 | 990 | $346,733 | $37,756 | $308,977 | $317,682 | $8,705 | $308,977 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $2,456,071
- Program service revenue
- $0
- Investment income
- $10,208
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $183,626
- Other salaries and wages
- $269,897
- Salaries, compensation and benefits (total)
- $531,311
- Professional fundraising fees
- $0
- Accounting fees
- $23,129
- Occupancy
- $330
- Travel
- $56,802
- Depreciation
- $1,036
- Program services (functional)
- $720,310
- Management and general (functional)
- $62,890
- Fundraising (functional)
- $88,952
Balance sheet and other
- Total assets, start of year
- $469,649
- Total assets, end of year
- $2,061,104
- Total liabilities, end of year
- $11,815
- Net assets, end of year
- $2,049,289
- Land, buildings and equipment
- $3,799
- Net assets without donor restrictions
- $2,049,289
- Gross receipts
- $2,466,279
- Employees
- 13
- Volunteers
- 6
- Year formed
- 2022
- State of legal domicile
- CO
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS FAVALORO | CEO Officer | 50 | $117,549 |
| GARLAND LASATER | BOARD CHAIR Trustee or director, Officer | 6 | $0 |
| HELEN OBERMEYER | VICE CHAIR Trustee or director, Officer | 6 | $0 |
| JOHN OKHIULU | SECRETARY Trustee or director, Officer | 1 | $0 |
| BELLA GRIBOV | TREASURER Trustee or director, Officer | 6 | $0 |
| RAY CROSS | MEMBER Trustee or director | 2 | $0 |
| LORNA SMITH | MEMBER Trustee or director | 2 | $0 |
990 for the year ended September 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS FAVALORO | CEO Officer | 50 | $44,388 |
| GARLAND LASATER | BOARD CHAIR Trustee or director, Officer | 6 | $0 |
| HELEN OBERMEYER | VICE CHAIR Trustee or director, Officer | 6 | $0 |
| JOHN OKHIULU | SECRETARY AND TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARLAND LASATER | BOARD CHAIR Trustee or director, Officer | 6 | $0 |
| HELEN OBERMEYER | VICE CHAIR Trustee or director, Officer | 6 | $0 |
| BELLA GRIBOV | SECRETARY AND TREASURER Trustee or director, Officer | 2 | $0 |
| JOHN OKHIULU | BOARD MEMBER Trustee or director | 1 | $0 |
| NICHOLAS FAVALORO | CEO Officer | 50 | $0 |
Address and contacts
- Address (IRS master file)
- 37 BEACON ST UNIT 21, BOSTON, MA 02108-1418
- In care of
- % NICK FAVALORO
- Principal officer (990 for 2024)
- NICHOLAS FAVALORO, 37 BEACON STREET UNIT 21, BOSTON, MA 02108
- Signed the 990
- NICHOLAS FAVALORO, CEO
- Phone
- (781) 775-5712
- Website
- www.squarednetwork.org
- 990-N for 2022 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Nicholas Favaloro, 19 Fremont Street, Providence RI 02906. Mailing address: 389 Sopris Avenue, Carbondale CO 81623.
- Return prepared by
- EASY OFFICE DBA JITASA
Mission
WE AIM TO EXPAND THE IMPACT OF THE SQUARED EXPERIENCE BY FORGING NEW PARTNERSHIPS BETWEEN INCREDIBLE STUDENTS, HOST CAMPUSES, AND FINANCIAL SUPPORTERS.
Program accomplishments
- KENT SQUARED IS THE ORGANIZATION'S FLAGSHIP RESIDENTIAL SITE, OPERATED ON THE CAMPUS OF KENT SCHOOL IN KENT, CONNECTICUT. IT PROVIDES MULTI-SUMMER, TUITION-FREE ACADEMIC ENRICHMENT TO FIRST-GENERATION, LOW-INCOME HIGH SCHOOL STUDENTS, PAIRING RIGOROUS STEM INSTRUCTION WITH COLLEGE-ACCESS ADVISING, RESIDENTIAL LIFE, AND ENRICHMENT PROGRAMMING. DURING THE SUMMER 2025 SESSION THE PROGRAM SERVED 57 STUDENTS ON A RESIDENTIAL BASIS. DIRECT-SERVICE COSTS INCLUDE INSTRUCTION, STUDENT STIPENDS AND TRAVEL, PROGRAM SUPPLIES, RESIDENTIAL OPERATIONS, AND CAMPUS SERVICES PROVIDED BY KENT SCHOOL.Expenses $397,555
- GENERAL PROGRAMS - THE SQUARED NETWORK AIMS TO EXPAND A STEM AND COLLEGE ACCESS PROGRAM FOR FIRST-GENERATION AND LOW-INCOME STUDENTS. OUR "GENERAL PROGRAM" IS THE PART OF OUR COMPANY THAT FOCUSES ON EXPANSION, IDENTIFYING PARTNER SCHOOLS, RAISING FUNDS TO LAUNCH NEW PROGRAMS, AND STRATEGIZING OPERATIONS ACROSS OUR NETWORK OF PROGRAMS.Expenses $296,603
- MIDDLESEX SQUARED IS THE ORGANIZATION'S SECOND RESIDENTIAL SITE, LAUNCHING IN SUMMER 2026 ON THE CAMPUS OF MIDDLESEX SCHOOL IN CONCORD, MASSACHUSETTS. DURING THE YEAR THE PROGRAM WAS IN PRE-LAUNCH DEVELOPMENT: BUILDING THE SITE TEAM, DESIGNING THE PROGRAM WITH THE HOST CAMPUS, AND COMPLETING THE OPERATIONAL, STAFFING, AND COMPLIANCE GROUNDWORK REQUIRED TO OPEN. FIRST-GENERATION, LOW-INCOME STUDENTS WILL BE SERVED BEGINNING IN THE INAUGURAL 2026 SESSION.Expenses $26,152
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 92-1469219
- 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
- 2023
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $2,061,104
- Income (IRS master file)
- $2,466,279
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $2,466,279 | $872,152 | $2,061,104 | XML |
| 990 | September 2024 | $578,026 | $431,840 | $469,649 | IRS |
| 990 | September 2023 | $346,733 | $37,756 | $317,682 | XML |
| 990-N for 2022 Officer: Nicholas Favaloro Filed under this EIN, most likely by a chapter or affiliate | January 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
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 92-1469219).
Questions about SQUARED NETWORK
- What is the EIN of SQUARED NETWORK?
- The employer identification number (EIN) of SQUARED NETWORK is 92-1469219.
- Is SQUARED NETWORK tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to SQUARED NETWORK tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SQUARED NETWORK 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 SQUARED NETWORK due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SQUARED NETWORK last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SQUARED NETWORK?
- The 990 for the year ended September 30, 2025 names NICHOLAS FAVALORO.
- Who are the officers and directors of SQUARED NETWORK?
- The 990 for the year ended September 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $117,549 (NICHOLAS FAVALORO, CEO).
- How much revenue does SQUARED NETWORK have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $2,466,279, expenses of $872,152 and total assets of $2,061,104 at year end.
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