Capital Network Of New England Inc

Organization Overview

Capital Network Of New England Inc is located in Boston, MA. The organization was established in 2005. According to its NTEE Classification (J02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Employment and related organizations. As of 06/2023, Capital Network Of New England Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Network Of New England Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Capital Network Of New England Inc generated $121.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $306.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE PRACTICAL, HANDS-ON EDUCATION AND PERSONALIZED MENTORING TO HELP EARLY-STAGE ENTREPRENEURS MASTER THE ENTIRE FUNDING PROCESS AND SUCCESSFULLY RAISE SEED CAPITAL AND BEYOND. WE KNOW FUNDRAISING IS HARD SO WE PROVIDE ENTREPRENEURS WITH THE RIGHT NETWORK AND PROGRAMMING. WE RUN OPEN PROGRAMMING (OPEN TO ALL) AND A FELLOWSHIP FOR FEMALE FOUNDERS TO HELP MORE WOMEN BE READY TO RAISE THEIR FIRST OUTSIDE CAPITAL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAMMING TO EDUCATE FIRST-TIME FOUNDERS OF EARLY STAGE STARTUPS ON THE PROCESS OF RAISING OUTSIDE CAPITAL, WITH A FOCUS ON WOMEN FOUNDERS AND PROMOTING AN INCLUSIVE ENVIRONMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Asad Butt
Board Chairm
$0
Joshua French
Clerk
$0
Cecilia Frerotte
Treasurer
$0
Sheila Narayan
Board Member
$0
Banu Ozkaznac-Pan
Board Member
$0
Meagan Spencer
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$109,844
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$109,844
Total Program Service Revenue$11,635
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $121,479

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