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New Economy Project

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$2M (2023)

Expenses
$2.16M (2023)

Total Assets
$7.33M (2023)

Total Liabilities
$75k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,004,097
Expenses
$2,156,817
Net Income
-$152,720
Net Assets
$7,252,938
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,714,422
85.5%
Program Services $198,300
9.9%
Investment Income $91,375
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $436,647
20.2%
Professional Fundraising Fees $0
Other Salaries and Wages $950,042
44.0%
Assets/Debt
Total Assets $7,327,942
Total Liabilities $75,004
Net Assets $7,252,938
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sarah I Ludwig (Founder/Co Dir.) $162,229 $0 $17,777
Deyanira Del Rio (Executive Dir.) $147,543 $0 $5,663
Susan Shin (Legal Director) $126,875 $0 $30,232
Grace Chung (Development Dir.) $125,750 $0 $12,112
Andy Morrison (Associate Dir.) $116,725 $0 $10,895
Akilah Browne (Treasurer) $0 $0 $0
Catherine Barnett (Bd. Mem 12/2022) $0 $0 $0
Brendan Martin (Secretary) $0 $0 $0
Linda Levy (Board Member) $0 $0 $0
Azadeh Khalili (President) $0 $0 $0
Shabnam Faruki (Board Member) $0 $0 $0
Jennifer Ching (Vice President) $0 $0 $0
Michael Partis (Board Member) $0 $0 $0
Jonathan Springer (Bd. Mem 12/2022) $0 $0 $0
Michelle Aronowitz (Bd. Mem 8/2022) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,539,843
Expenses
$1,791,931
Net Income
$747,912
Net Assets
$7,405,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,216,695
87.3%
Program Services $66,450
2.6%
Investment Income $24,015
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $232,683
9.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $279,234
15.6%
Professional Fundraising Fees $0
Other Salaries and Wages $865,757
48.3%
Assets/Debt
Total Assets $7,483,588
Total Liabilities $77,930
Net Assets $7,405,658
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sarah I Ludwig (Founder/Co Dir.) $138,006 $0 $18,999
Deyanira Del Rio (Co Director) $129,018 $0 $5,853
Akilah Browne (Board Member) $0 $0 $0
Catherine Barnett (President) $0 $0 $0
Jonathan Springer (Treasurer) $0 $0 $0
Raun Rasmussen (Board Member) $0 $0 $0
Brendan Martin (Board Member) $0 $0 $0
Linda Levy (Board Member) $0 $0 $0
Azadeh Khalili (Secretary) $0 $0 $0
Shabnam Faruki (Board Member) $0 $0 $0
Jennifer Ching (Vice President) $0 $0 $0
Michael Partis (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,767,258
Expenses
$1,514,338
Net Income
$252,920
Net Assets
$6,657,746
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,433,167
81.1%
Program Services $37,219
2.1%
Investment Income $53,318
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $243,554
13.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $269,845
17.8%
Professional Fundraising Fees $0
Other Salaries and Wages $671,657
44.4%
Assets/Debt
Total Assets $6,956,184
Total Liabilities $298,438
Net Assets $6,657,746
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sarah I Ludwig (Founder/Co Dir.) $135,663 $0 $14,606
Deyanira Del Rio (Co Director) $123,987 $0 $5,702
Gregory Jost (President) $0 $0 $0
Catherine Barnett (Vice President) $0 $0 $0
Jonathan Springer (Treasurer) $0 $0 $0
Raun J Rasmussen (Secretary) $0 $0 $0
Brendan Martin (Board Member) $0 $0 $0
Azadeh Khalili (Board Member) $0 $0 $0
Michelle Aronowitz (Board Member) $0 $0 $0
Jennifer Ching (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,571,422
Expenses
$1,849,941
Net Income
-$278,519
Net Assets
$6,393,065
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,331,103
84.7%
Program Services $158,250
10.1%
Investment Income $68,307
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,762
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $261,986
14.2%
Professional Fundraising Fees $0
Other Salaries and Wages $811,751
43.9%
Assets/Debt
Total Assets $6,674,948
Total Liabilities $281,883
Net Assets $6,393,065
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sarah I Ludwig (Founder/Co Dir.) $133,565 $0 $11,787
Deyanira Del Rio (Co Director) $117,400 $0 $5,556
Gregory Jost (President) $0 $0 $0
Catherine Barnett (Vice President) $0 $0 $0
Jonathan Springer (Treasurer) $0 $0 $0
Raun J Rasmussen (Secretary) $0 $0 $0
Brendan Martin (Board Member) $0 $0 $0
Azadeh Khalili (Board Member) $0 $0 $0
Michelle Aronowitz (Board Member) $0 $0 $0
Jennifer Ching (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,651,736
Expenses
$1,825,627
Net Income
-$173,891
Net Assets
$6,671,584
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,393,388
84.4%
Program Services $155,199
9.4%
Investment Income $97,523
5.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,626
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $257,214
14.1%
Professional Fundraising Fees $0
Other Salaries and Wages $822,094
45.0%
Assets/Debt
Total Assets $6,756,063
Total Liabilities $84,479
Net Assets $6,671,584
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sarah I Ludwig (Founder/Co Dir.) $136,314 $0 $10,253
Deyanira Del Rio (Co Director) $120,900 $0 $4,284
Gregory Jost (President) $0 $0 $0
Catherine Barnett (Vice President) $0 $0 $0
Jonathan Springer (Treasurer) $0 $0 $0
Raun J Rasmussen (Secretary) $0 $0 $0
Brendan Martin (Board Member) $0 $0 $0
Azadeh Khalili (Board Member) $0 $0 $0
Michelle Aronowitz (Board Member) $0 $0 $0
Jennifer Ching (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,315,459
Expenses
$1,700,106
Net Income
-$384,647
Net Assets
$6,845,475
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,054,660
80.2%
Program Services $192,629
14.6%
Investment Income $66,415
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,755
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $352,409
20.7%
Professional Fundraising Fees $0
Other Salaries and Wages $641,924
37.8%
Assets/Debt
Total Assets $6,912,838
Total Liabilities $67,363
Net Assets $6,845,475
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sarah I Ludwig (Founder&Co Dir) $136,314 $0 $9,142
Deyanira Del Rio (Co Director) $119,162 $0 $4,208
Brendan Martin (Board Member) $0 $0 $0
Raun J Rasmussen (Secretary) $0 $0 $0
Catherine Barnett (Vice President) $0 $0 $0
Gregory Jost (President) $0 $0 $0
Stephanie Lawes (Board Member) $0 $0 $0
Azadeh Khalili (Board Member) $0 $0 $0
Jonathan Springer (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,638,430
Expenses
$1,392,872
Net Income
$245,558
Net Assets
$7,227,874
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,329,427
81.1%
Program Services $240,696
14.7%
Investment Income $45,448
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $22,859
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $357,338
25.7%
Professional Fundraising Fees $0
Other Salaries and Wages $515,154
37.0%
Assets/Debt
Total Assets $7,321,392
Total Liabilities $93,518
Net Assets $7,227,874
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sarah I Ludwig (Co Director) $128,834 $0 $8,804
Deyanira Del Rio (Co Director) $113,111 $0 $6,968
Alexis Iwanisziw (Deputy Director) $92,700 $0 $6,921
Brendan Martin (Board Member) $0 $0 $0
Raun J Rasmussen (Secretary) $0 $0 $0
Catherine Barnett (Vice President) $0 $0 $0
Gregory Jost (President) $0 $0 $0
Stephanie Lawes (Board Member) $0 $0 $0
Jonathan Springer (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,216,024
Expenses
$1,182,541
Net Income
$2,033,483
Net Assets
$7,043,629
Notable Sources of Revenue Percent of Total Revenue
Contributions $642,651
20.0%
Program Services $2,503,091
77.8%
Investment Income $28,430
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $41,852
1.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $281,071
23.8%
Professional Fundraising Fees $0
Other Salaries and Wages $473,444
40.0%
Assets/Debt
Total Assets $7,102,308
Total Liabilities $58,679
Net Assets $7,043,629
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sarah I Ludwig (Co Director) $130,156 $0 $8,685
Joshua Zinner (Co Director) $109,700 $0 $3,443
Deyanira Del Rio (Co Director) $61,442 $0 $3,068
Brendan Martin (Board Member) $0 $0 $0
Raun J Rasmussen (Secretary) $0 $0 $0
Catherine Barnett (Vice President) $0 $0 $0
Gregory Lobo Jost (President) $0 $0 $0
Step Hanie Lawes (Board Member) $0 $0 $0
Jonathan Springer (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,230,672
Expenses
$1,262,069
Net Income
-$31,397
Net Assets
$5,010,146
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,088,080
88.4%
Program Services $90,824
7.4%
Investment Income $51,768
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $298,796
23.7%
Professional Fundraising Fees $0
Other Salaries and Wages $568,430
45.0%
Assets/Debt
Total Assets $5,075,953
Total Liabilities $65,807
Net Assets $5,010,146
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sarah I Ludwig (Co Director) $127,069 $0 $8,607
Joshua Zinner (Co Director) $110,824 $0 $3,480
Deyanira Del Rio (Co Director) $50,822 $0 $6,931
Catherine Lifeso (President) $0 $0 $0
Raun J Rasmussen (Secretary) $0 $0 $0
Catherine Barnett (Treasurer) $0 $0 $0
Gregory Lobo Jost (Board Member) $0 $0 $0
Step Hanie Lawes (Board Member) $0 $0 $0
Oda Friedheim (Board Member) $0 $0 $0
Jonathan Springer (Board Member) $0 $0 $0
Robert Martin (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,253,454
Expenses
$1,488,305
Net Income
-$234,851
Net Assets
$5,041,543
Notable Sources of Revenue Percent of Total Revenue
Contributions $998,257
79.6%
Program Services $209,865
16.7%
Investment Income $45,332
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $318,033
21.4%
Professional Fundraising Fees $0
Other Salaries and Wages $529,254
35.6%
Assets/Debt
Total Assets $5,101,799
Total Liabilities $60,256
Net Assets $5,041,543
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Sarah I Ludwig (Co Director) $125,550 $0 $8,569
Joshua Zinner (Co Director) $108,550 $0 $3,446
Deyanira Del Rio (Co Director) $90,341 $0 $7,016
Catherine Lifeso (President) $0 $0 $0
Raun J Rasmussen (Secretary) $0 $0 $0
Catherine Barnett (Treasurer) $0 $0 $0
Gregory Lobo Jost (Board Member) $0 $0 $0
Step Hanie Lawes (Board Member) $0 $0 $0
Oda Friedheim (Board Member) $0 $0 $0
Robert Martin (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,718,928
Expenses
$1,669,277
Net Income
$1,049,651
Net Assets
$5,422,193
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,556,822
94.0%
Program Services $126,000
4.6%
Investment Income $36,106
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $332,455
19.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,467,243
Total Liabilities $45,050
Net Assets $5,422,193

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,976,512
Expenses
$1,508,640
Net Income
$467,872
Net Assets
$4,373,890
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,844,754
93.3%
Program Services $98,800
5.0%
Investment Income $32,958
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $235,752
15.6%
Professional Fundraising Fees $0
Other Salaries and Wages $522,415
34.6%
Assets/Debt
Total Assets $4,436,936
Total Liabilities $63,046
Net Assets $4,373,890

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,617,277
Expenses
$1,550,464
Net Income
$66,813
Net Assets
$3,921,487
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,466,872
90.7%
Program Services $112,412
7.0%
Investment Income $37,993
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $227,079
14.6%
Professional Fundraising Fees $0
Other Salaries and Wages $508,316
32.8%
Assets/Debt
Total Assets $3,970,192
Total Liabilities $48,705
Net Assets $3,921,487

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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