NEW WORLD EDUCATIONAL CENTER

EIN: 113422188 501(c)(3) Education

SPRINGFIELD GARDENS, NY

Total Revenue
$248,836
Total Expenses
$216,040
Total Assets
$464,675
Net Assets
$231,920
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Principal Officer
MENACHEM MARKOWITZ
Phone
5168688680
Tax Period
2017-09-01 to 2018-08-31

NEW WORLD EDUCATIONAL CENTER, founded in 1997, is a small nonprofit in the Education sector that reported $249K in total revenue in fiscal year 2017. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $216K left a modest 13% surplus.

Mission

TO PLAN, ORGANIZE, DEVELOP, ESTABLISH, OPERATE AND MAINTAIN A DAY CARE CENTER IN THE CITY OF NEW YORK. TO PROVIDE DAY CARE SERVICES AND ASSIST IN SHELTERING THE CHILDREN FROM LOW INCOME FAMILIES BY OBTAINING CERTAIN GRANTS FROM THE FEDERAL STATE AND LOCAL GOVERNMENTS TO HELP FEED THESE CHILDREN A HEALTHY NUTRITIOUS MEAL. THE ORGANIZATION ALSO SEEKS TO AID OTHER CHARITABLE INSTITUIONS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A 501 C3, TO ENABLE CHILDRN WITHIN THE COMMUNITY TO GROW UP TO BE PRODUCTIVE ADULTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $248,836
TOTAL REVENUE $248,836

Expense Breakdown

Grants Paid $27,584
Salaries & Benefits $72,512
Fundraising Expenses $0
Program Expenses $163,635
Other Expenses $115,944
TOTAL EXPENSES $216,040

Year-over-Year Comparison

2017 2016 Change
Revenue $248,836 $220,600 +0.1%
Expenses $216,040 $337,563 -0.4%
Net Income $32,796 $-116,963 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
10
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MENACHEM MARKOWITZ PRESIDENT N/A
Officer Director
$0 $0 $0
SHLOMO ILYASOV SECRETARY/TR N/A
Officer Director
$0 $0 $0
MARIA BERRMUDEZ BOARD MEMBER N/A
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $248,836 $216,040 $464,675 $32,796
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