I'm with Hoosierbanana on this one.
Looks like manicina areolata (rose coral) or manicina meandrites (maze coral). And after looking around on the web a bit, it could very well be fossilized...
Hoosierbanana -- Yes, Big Brook is an awesome place. My extended family and I try to get there once a year (give or take). It's great to have all the brothers/sisters/aunts/uncles/nieces/nephews/cousins digging around in the stream beds and gravel bars looking for the perfect shark tooth (an other fossils). I don't think we ever went on a collecting trip where we didn't come away with something. You're right, though....I've been to about 4 other places that are part of the same formation, and nothing compares to Big Brook.