2020-11-16T14:43:59-06:00 2019-12-31 363663184 GIMBEL ABRAMS SINGER LLP 10 S RIVERSIDE PLAZA SUITE 1770 CHICAGO IL 606063710 990 2019-01-01 831833081 NEW GROWTH INNOVATION NETWORK NEWG 3053998087 30 W MONROE STREET NO 510 CHICAGO IL 60603 M YASMINA MCCARTY PRESIDENT 3053998087 2020-11-12 1 STEPHEN F GARLEY P01359405 3127821010 96.47.138.74 2020-11-12 15:01:01 CS P 68B024707B679C47535B52FFE0BDDC0256448209 84F7403001CBB7DC734126F3C259BF10B8FDBFA3 2019 2021-01-29 14:40:06Z X M YASMINA MCCARTY 30 W MONROE STREET SUITE 510 CHICAGO IL 60603 913250 0 X HTTPS://NEWGROWTH.ORG X 2018 IL NEW GROWTH INNOVATION NETWORK (NGIN) UNITES ECONOMIC DEVELOPMENT LEADERS COMMITTED TO BUILDING A NEW FIELD OF INCLUSIVE ECONOMIC GROWTH. 16 14 1 0 0 0 913250 0 0 0 913250 0 0 53825 0 0 542248 596073 317177 12500 374875 115892 161090 -103392 213785 NEW GROWTH INNOVATION NETWORK (NGIN) UNITES ECONOMIC DEVELOPMENT LEADERS COMMITTED TO BUILDING A NEW FIELD OF INCLUSIVE ECONOMIC GROWTH. 0 0 187863 IN 2019, NEW GROWTH INNOVATION NETWORK (NGIN) LAID THE FOUNDATION FOR THE ORGANIZATION, BUILDING OUT THE PLATFORM AND NETWORK TO ADVANCE THE FIELD OF INCLUSIVE GROWTH WITH THREE CORE ACTIVITIES. THE FIRST CORE ACTIVITY WAS LAUNCHING AND EXPANDING THE NGIN NETWORK. IN 2019, NGIN UNDERTOOK OUTREACH TO ORGANIZATIONS ACROSS THE UNITED STATES IN ORDER TO BRING TOGETHER THE ECONOMIC PRACTITIONERS LEADING INCLUSIVE GROWTH EFFORTS IN THEIR REGIONS. 187863 THE SECOND CORE ACTIVITY WAS PREPARING FIVE FOUNDING PORTFOLIO PROJECTS. NGIN ENGAGED ITS MEMBERS AND THE BROADER COMMUNITY OF PARTNERS TO DEVELOP FIVE INNOVATIONS WHICH WOULD ADVANCE THE FIELD OF INCLUSIVE ECONOMIC GROWTH. 187864 THE THIRD CORE ACTIVITY WAS FORMING AND LAUNCHING COMMUNITIES OF PRACTICE. NGIN BROUGH PRACTITIONERS TOGETHER TO DEVELOP NEW IDEAS AND TARGETED ACTION FOR INCLUSIVE ECONOMIC GROWTH. BASED ON ALL THREE OF THESE ACTIVITIES, NGIN HOSTED A NUMBER OF VIRTUAL AND IN PERSON EVENTS AND GREW ITS COMMUNITY TO 600 ECONOMIC PRACTITIONERS. 563590 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 1 0 0 0 0 0 0 0 0 0 0 X 16 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X M YASMINA MCCARTY 3053998087 30 W MONROE STREET CHICAGO IL 60603 M YASMINA MCCARTY CHIEF EXECUTIVE OFFICER 40.00 X X 50000 0 0 CATHY BELK DIRECTOR 0.25 X 0 0 0 BETSY BIEMANN DIRECTOR 0.25 X X 0 0 0 PAUL C BROPHY DIRECTOR 1.00 X 0 0 0 TIM FERGUSON DIRECTOR 0.25 X 0 0 0 JOHN IRONS DIRECTOR 0.25 X 0 0 0 MAURICE JONES DIRECTOR 0.25 X 0 0 0 TERESA LYNCH DIRECTOR 0.25 X 0 0 0 RODRICK MILLER DIRECTOR 0.25 X 0 0 0 PAT O'BRIEN DIRECTOR 0.25 X 0 0 0 LYNEIR RICHARDSON DIRECTOR 1.00 X 0 0 0 MARLENE SELTZER DIRECTOR 0.25 X 0 0 0 ROBERT SIMPSON DIRECTOR 0.25 X 0 0 0 DAVID WARM DIRECTOR 0.25 X 0 0 0 ROBERT WEISSBOURD DIRECTOR 0.25 X 0 0 0 BRAD WHITEHEAD DIRECTOR 0.25 X 0 0 0 50000 0 0 0 0 0 0 RW VENTURES LLC 30 W MONROE STREET CHICAGO IL 60603 MANAGEMENT AND CONSULTING 376763 1 58250 855000 913250 913250 0 0 0 X 50000 50000 3825 3825 8770 8770 435483 435483 23199 23199 15118 15118 14579 14579 36504 36504 8595 8595 596073 563590 32483 0 12500 362983 0 11892 12500 374875 2776 115892 158314 115892 161090 X -103392 213785 -103392 213785 12500 374875 317177 0 X X 1 X 0 1 0 X 0 913250 913250 913250 913250 0 0 0 913250 913250 913250 X PART III, SHORT YEAR EXPLANATION: NEW GROWTH INNOVATION NETWORK WAS FOUNDED IN 2018, BUT DID NOT RECEIVE ITS CHARITABLE STATUS UNTIL 2019. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RW VENTURES LLC CONTROLLED ENTITY OF A DIRECTOR ACCOUNTS PAYABLE FOR SERVICES RENDERED X 158314 158314 0 1 0 158314 RW VENTURES LLC RW VENTURES LLC IS 100% OWNED BY A DIRECTOR 376763 RW VENTURES LLC PROVIDED MANAGEMENT AND CONSULTING SERVICES FOR THE ORGANIZATION. 0 FORM 990, PART VI, SECTION A, LINE 2 LYNEIR RICHARDSON AND ROBERT WEISSBOURD - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED 990 IS GIVEN TO THE BOARD TREASURER TO REVIEW AND SIGN BEFORE IT IS FILED. THE ORGANIZATION 2019 ACCOUNTS WERE REVIWED IN FULL AND SIGNED OFF BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS WERE ASKED TO IDENTIFY ANY CONFLICTS OF INTEREST AT THE TIME OF BOARD FORMATION AND THE PROCESS WILL BE REPEATED IN 2020. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS UNDERTOOK A ROBUST BENCHMARKING PROCESS TO SET THE APPROPRIATE COMPENSATION FOR THE CEO. THIS PROCESS WAS UNDERTAKEN IN ADVANCE OF HIRING THE CEO AND IS FORMALLY DOCUMENTED IN THE DECEMBER 2019 BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 8,680. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,680. SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 409,303. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 409,303. FISCAL SPONSORSHIP: PROGRAM SERVICE EXPENSES 17,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,500. FORM 990, PART XII, LINE 2(C): THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITIES FOR OVERSIGHT OF THE COMPILATION AND SELECTION OF THE INDEPENDENT ACCOUNTANTS.