Nonprofit · EIN 93-3453430
CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC
Tax-exempt · HARTFORD, CT 06103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $426,702 | $417,358 | $9,344 | $307,168 | $165,846 | $141,322 |
| June 30, 2024 | 990 | $228,738 | $96,760 | $131,978 | $224,705 | $92,727 | $131,978 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $239,727
- Program service revenue
- $127,950
- Investment income
- $0
- Net income from fundraising events
- $59,025
- Other revenue
- $59,025
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $205,017
- Salaries, compensation and benefits (total)
- $261,916
- Professional fundraising fees
- $0
- Accounting fees
- $16,250
- Travel
- $22,414
- Program services (functional)
- $258,908
- Management and general (functional)
- $132,258
- Fundraising (functional)
- $26,192
Balance sheet and other
- Total assets, start of year
- $224,705
- Total assets, end of year
- $307,168
- Total liabilities, end of year
- $165,846
- Net assets, end of year
- $141,322
- Net assets without donor restrictions
- $141,322
- Gross receipts
- $490,370
- Employees
- 1
- Volunteers
- 30
- Year formed
- 2023
- State of legal domicile
- CT
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Christian L DiPentima | Director and President Trustee or director, Officer | 2 | $0 | $456,374 | $49,039 |
| Mary Bergamo | Director and Treasurer Trustee or director, Officer | 1 | $0 | $246,485 | $38,446 |
| Jose Dias | Director Trustee or director | 2 | $0 | $181,591 | $20,695 |
| Toni Holmes | Secretary Officer | 1 | $0 | $85,181 | $17,483 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Christian L DiPentima | Director and President Trustee or director, Officer | 2 | $0 | $535,642 | $45,017 |
| Mary Bergamo | Director and Treasurer Trustee or director, Officer | 1 | $0 | $273,621 | $35,010 |
| Jose Dias | Director Trustee or director | 2 | $0 | $150,830 | $8,562 |
| Toni Holmes | Secretary Officer | 1 | $0 | $85,532 | $15,906 |
Address and contacts
- Address (IRS master file)
- 350 CHURCH STREET, HARTFORD, CT 06103-1136
- Principal officer (990 for 2024)
- CHRISTIAN DIPENTIMA, 350 CHURCH STREET, HARTFORD, CT 06103
- Signed the 990
- ALYSSA GORECKI, Treasurer
- Phone
- (860) 244-1911
- Return prepared by
- CROWE LLP
Mission
TO IMPROVE CONNECTICUT'S ECONOMY, THEREBY CREATING OPPORTUNITIES AND IMPROVING THE LIVES OF ALL RESIDENTS.
Program accomplishments
- The Foundation advanced its mission to strengthen Connecticut's economy through statewide outreach, public education, and workforce research. In its first year, the organization conducted foundational research and convened stakeholders across the state to identify key economic challenges. In the second year, it built on this work by carrying out targeted initiatives informed by that research, including launching a statewide manufacturing competition and developing a workforce blueprint to help address identified economic and talent needs.Expenses $258,908 · revenue $127,950
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 93-3453430
- 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
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W11)
- Assets (IRS master file)
- $307,168
- Income (IRS master file)
- $490,370
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $426,702 | $417,358 | $307,168 | XML |
| 990 | June 2024 | $228,738 | $96,760 | $224,705 | XML |
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 93-3453430).
Questions about CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC
- What is the EIN of CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC?
- The employer identification number (EIN) of CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC is 93-3453430.
- Is CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION 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 CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names CHRISTIAN DIPENTIMA.
- Who are the officers and directors of CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CBIA ECONOMIC GROWTH AND OPPORTUNITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $426,702, expenses of $417,358 and total assets of $307,168 at year end.
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