2025-09-15T12:49:14-05:00 2024-12-31 204989621 VERDEJA & ALVAREZ LLP 255 ALHAMBRA CIR STE 630 CORAL GABLES FL 331347417 990 2024-01-01 831833081 NEW GROWTH INNOVATION NETWORK NEWG 3053998087 2103 CORAL WAY 2ND FLOOR MIAMI FL 33145 M YASMINA MCCARTY CEO AND PRESIDENT 3053998087 2025-09-15 1 1 OCTAVIO R VERDEJA P00678119 3054463177 2025-09-15 2024 2025-03-06 01:10:19Z M YASMINA MCCARTY 2103 CORAL WAY 2ND FLOOR MIAMI FL 33145 6509865 0 X NEWGROWTH.ORG X 2018 IL TO BUILD A ROBUST FIELD OF INCLUSIVE GROWTH PRACTICE THAT DRIVES A MORE INCLUSIVE, PROSPEROUS ECONOMY. 18 18 14 0 0 0 1832064 6433969 0 0 0 0 3250 -231604 1835314 6202365 0 0 0 0 1788568 1918579 0 0 0 960901 2513129 2749469 4431708 -914155 1770657 2746301 5162212 165502 810756 2580799 4351456 X TO BUILD A ROBUST FIELD OF INCLUSIVE GROWTH PRACTICE THAT DRIVES A MORE INCLUSIVE, PROSPEROUS ECONOMY. 0 0 3818880 NEW GROWTH INNOVATION NETWORK (NGIN) IS A NATIONAL NONPROFIT THAT EQUIPS ECONOMIC, COMMUNITY, AND GOVERNMENT LEADERS WITH INSIGHTS, INNOVATIONS, CAPITAL, AND LOCALIZED SUPPORT TO ENSURE THAT ECONOMICALLY EXCLUDED COMMUNITIES CAN LEAD, SHAPE, AND BENEFIT FROM REGIONAL ECONOMIC GROWTH. IN 2024, NGIN SERVED LEADERS FROM 786 ORGANIZATIONS ACROSS 40 U.S. STATES. NGIN AND ITS PARTNERS TRAINED 141 ORGANIZATIONS AND PROVIDED TECHNICAL ASSISTANCE 37 ECONOMIC DEVELOPMENT ORGANIZATIONS AND 35 COMMUNITY-BASED ORGANIZATIONS IN 24 DIFFERENT CITIES ACROSS THE U.S., HAWAII, AND PUERTO RICO. ADDITIONALLY, NGIN'S ADVANCING ECONOMIC MOBILITY PROGRAM TRAINED 22 ORGANIZATIONS AND PROVIDED TECHNICAL ASSISTANCE AND SUPPORT TO 10 COMMUNITIES. NGIN LAUNCHED ITS CAPITAL SUPPORT PROGRAM AND A SERIES OF THOUGHT LEADERSHIP INSIGHT PIECES. FINALLY, NGIN HOSTED ITS BIENNIAL FLAGSHIP CITYSCAPES SUMMIT IN DURHAM, NC, BRINGING TOGETHER OVER 350 CITY LEADERS WITH A MISSION TO "IGNITE INCLUSIVE ECONOMIES". 3818880 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 40 0 1 14 1 0 0 0 0 0 0 0 0 0 0 X 18 18 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL IL X M YASMINA MCCARTY 3053998087 2103 CORAL WAY 2ND FLOOR MIAMI FL 33145 MAURICE JONES DIRECTOR 2.00 X 0 0 0 KATHLEEN LEE DIRECTOR 2.00 X 0 0 0 DAVID WARM DIRECTOR 2.00 X 0 0 0 RODRICK MILLER DIRECTOR 2.00 X 0 0 0 CATHY BELK DIRECTOR 1.00 X 0 0 0 BETSY BIEMANN DIRECTOR 1.00 X 0 0 0 PAUL BROPHY DIRECTOR 2.00 X 0 0 0 TIM FERGUSON DIRECTOR 2.00 X 0 0 0 JOHN IRONS DIRECTOR 2.00 X 0 0 0 PAT O'BRIEN DIRECTOR 2.00 X 0 0 0 RANDAL PINKETT DIRECTOR 2.00 X 0 0 0 LYNEIR RICHARDSON DIRECTOR 2.00 X 0 0 0 MARLENE SELTZER DIRECTOR 2.00 X 0 0 0 ANNE EVENS DIRECTOR 2.00 X 0 0 0 ROBERT WEISSBOURD DIRECTOR 2.00 X 0 0 0 ERICKA SETH DAVIES DIRECTOR 2.00 X 0 0 0 BOBBY LEE DIRECTOR 2.00 X 0 0 0 CHINWE ONYEAGORO DIRECTOR 2.00 X 0 0 0 M YASMINA MCCARTY CEO AND PRESIDENT 40.00 X 222933 0 0 SWATI GHOSH VICE PRESIDENT, INSIGHTS A 40.00 X 175326 0 0 398259 0 0 3 0 1 0 BLUE CAPTION LLC 2423 SW 147 AVE 583 MIAMI FL 33185 GRANT AND FINANCIAL MANAGEMENT SERVICE 120600 1 2169019 4264950 6433969 75896 307500 -231604 -231604 6202365 0 0 -231604 1592202 1492837 99365 66180 62050 4130 135855 127377 8478 124342 116582 7760 246445 246445 192418 86907 105511 292469 272372 20097 CONSULTING FEES 1029900 1020900 9000 SUBAWARDS 595703 595703 GENERAL AND ADMINISTRAT 128062 16020 112042 OTHER EXPENSES 28132 28132 4431708 3818880 612828 0 586338 1286678 2159963 3875534 2746301 5162212 165502 760756 50000 165502 810756 X 513400 343816 2067399 4007640 2580799 4351456 2746301 5162212 1770657 0 X 0 1 X 1 1 1 X 709204 838917 4225478 1832064 6433969 14039632 709204 838917 4225478 1832064 6433969 14039632 3696124 10343508 3250 3250 14042882 75896 0.73660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 6509865 307500 307500 6202365 0 6202365 4739208 307500 307500 4431708 0 4431708 PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF ASC NO 740, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" ("ASC NO 740"). ASC 740 REQUIRED THAT THE IMPACT OF TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE FINANCIAL STATEMENTS. AT 12/31/24, THERE WERE NO UNCERTAIN TAX POSITIONS. THE ORGANIZATION FILES TAX RETURNS WITH US FEDERAL AND OTHER TAX AUTHORITIES FOR WHICH STATUE LIMITATIONS MAY GO BACK TO THE YEAR ENDED 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 307,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSE 307,500. CITY SCAPES SUMMIT 75896 75896 307500 75896 75896 307500 307500 -231604 X 0 0 0 0 0 0 0 0 0 M YASMINA MCCARTY CEO AND PRESIDENT 222933 0 0 0 0 0 0 0 0 0 222933 0 0 0 SWATI GHOSH VICE PRESIDENT, INSIGHTS A 175326 0 0 0 0 0 0 0 0 0 175326 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TWO BOARD MEMBERS (WEISSBOURD AND RICHARDSON) ARE CO-OWNERS IN A FOR PROFIT BUSINESS. FORM 990, PART VI, SECTION B, LINE 11B DRAFT 990 IS PROVIDED TO THE BOARD TREASURER FOR DETAILED REVIEW AND DISSEMINATION TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE ASKED TO IDENTIFY ANY CONFLICTS OF INTEREST ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTOR UTILIZES BENCHMARKING INFORMATION TO PROPERLY SET COMPENSATION OF CEO AND OTHER EXECUTIVE OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANICAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. NO SUCH REQUESTS WERE MADE DURING THE YEAR.