Bromleigh Enterprises INC

Tax-deductible

West Hartford, CT501(c)(3)Since 2022EIN 87-1720420Revenue $251K in FY2025

On file with the IRSbromleighenterprises.org557 Prospect Ave, 06105-2965 · West Hartford, CTTax-exempt since Sep 2022Publicly supported — 509(a)(2)

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Dedicated to fostering small business growth as a catalyst for sustainable, inclusive economic development. Revitalize downtowns, cities, and regions through incubators, educational events, and social enterprises. Bring new businesses to life and empower them to achieve meaningful milestones.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $3K a year · 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$54K
127% of total assets
Concern: liabilities are 127% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$251K
+10% vs prior year
Spent
$234K
To programs
87%
Net assets
−$12K
By yearFY2022–FY2025
Revenue
$251K
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2022$154K
FY2023$183K
FY2024$229K
FY2025$251K
Expenses
$234K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023Not on file
FY2024$252K
FY2025$234K
Net assets
−$12K
FY2025▲ +61%
Tap a bar for its year
Net assets by fiscal year
FY2022$20K
FY2023−$6K
FY2024−$29K
FY2025−$12K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $203K Management & general 11% · $25K Fundraising 3% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Bromleigh Enterprises INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowering small businesses through incubators and education to drive economic growth and revitalize communities.

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Provided by the organization

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1 program · $203K · in their own filed words · FY2025
01

Directly funding the education, community, and expert support small businesses need to launch and thrive in local communities.

$203Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$251K
Ln 12
Fees for servicesLn 2g$251K
Gifts and grantsLn 1h$74
Money outPt IX
$234K
Ln 25
Programscol B$203K
Managementcol C$25K
Fundraisingcol D$6K
Owns and owesPt X
−$12K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$43K
LiabilitiesLn 26$54K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$74
Fees for servicesLn 2g$251K
Total revenueLn 12$251K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$43K
LiabilitiesLn 26$54K
Net assetsLn 32−$12K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$21K$30K
Land, buildings, equipmentLn 10c$6K$5K
Total assetsLn 16$27K$43K
LiabilitiesLn 26$56K$54K
Net assetsLn 32−$29K−$12K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$37K$37K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$905$905
Office expensesLn 13$6K$6K
Information technologyLn 14$11K$11K
OccupancyLn 16$107K$107K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$53K$47K$2K$5K
All other expensesLn 24e$4K$4K$11$380
Total functional expensesLn 25$234K$203K$25K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $251K$234K$18K−$12K 990 PDF
FY2024 $229K$252K−$24K−$29K 990 PDF
FY2023 $183K−$6K 990 PDF
FY2022 $154K$20K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $251,365 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,000$74
I-9 Program service revenuePrior year $203,808$251,291
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $228,808$251,365
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $252,415$233,575
I-18 Total expensesPrior year $252,415$233,575
I-19 Revenue less expensesPrior year −$23,607$17,790
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $251,365 across 4 lines filed
VIII-1f All other contributions, gifts and grants$74
VIII-1h Total contributions, gifts and grants$74
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $251,291$251,291
VIII-12 Total revenueRelated to mission $251,291 · Unrelated business $0 · Excluded from tax $0$251,365
Part IX · Statement of functional expenses $233,575 across 11 lines filed
IX-11a Management feesPrograms $37,028$37,028
IX-11c Accounting feesManagement $2,800$2,800
IX-12 Advertising and promotionFundraising $905$905
IX-13 Office expensesPrograms $6,168$6,168
IX-14 Information technologyManagement $11,393$11,393
IX-16 OccupancyPrograms $106,771$106,771
IX-20 InterestManagement $3,203$3,203
IX-22 Depreciation, depletion and amortizationPrograms $2,635$2,635
IX-23 InsuranceManagement $5,299$5,299
IX-24 Other expenses (24a–d)Programs $46,653 · Management $1,844 · Fundraising $4,619$53,116
IX-24e All other expensesPrograms $3,866 · Management $11 · Fundraising $380$4,257
IX-25 Total functional expensesPrograms $203,121 · Management $24,550 · Fundraising $5,904$233,575
Part X · Balance sheet $42,720 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $21,259$30,244
X-9 Prepaid expenses and deferred charges$7,400
X-10c Land, buildings and equipment, netStart of year $5,700$5,076
X-16 Total assetsStart of year $26,959$42,720
X-17 Accounts payable and accrued expensesStart of year $56,297$54,268
X-26 Total liabilitiesStart of year $56,297$54,268
X-32 Total net assets or fund balancesStart of year −$29,338−$11,548
X-33 Total liabilities and net assetsStart of year $26,959$42,720
Part XI · Reconciliation of net assets −$11,548 net assets at year end
XI-1 Total revenue$251,365
XI-2 Total expenses$233,575
XI-3 Revenue less expenses$17,790
XI-4 Net assets at start of year−$29,338
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$11,548

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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