THE NEW WORLD FOUNDATION

EIN: 131919791 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$21,212,750
Total Expenses
$25,601,563
Total Assets
$122,021,495
Net Assets
$108,917,178
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Organization Details

Formation Year
1954
Legal Domicile
IL
Principal Officer
COLIN GREER
Phone
2124973476
Tax Period
2023-10-01 to 2024-09-30

THE NEW WORLD FOUNDATION, founded in 1954, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $21.2M in total revenue in fiscal year 2023. Expenses of $25.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO SUPPORT COMMUNITY ACTIVISTS ACROSS AMERICA AND AROUND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $4,883,597

QUALITY JOBS FUND:THE QUALITY JOBS FUND IS A MAJOR INITIATIVE TO ENHANCE COMMUNITY WEALTH AND THE POTENTIAL OF WORKING FAMILIES BY SEEDING SUSTAINABLE LONG-TERM COMMUNITY WELLBEING PROGRAMS IN...

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QUALITY JOBS FUND:THE QUALITY JOBS FUND IS A MAJOR INITIATIVE TO ENHANCE COMMUNITY WEALTH AND THE POTENTIAL OF WORKING FAMILIES BY SEEDING SUSTAINABLE LONG-TERM COMMUNITY WELLBEING PROGRAMS IN DISTRESSED COMMUNITIES OF ARIZONA, CALIFORNIA AND NEVADA. OUR GOAL: TO ADDRESS THE PROBLEMS OF INEQUALITY THROUGH QUALITY JOB EXPANSION AND SKILL DEVELOPMENT.

Program 2
Expenses: $1,936,565 Revenue: $123,939

LOCAL ECONOMIES PROJECT & PARTNERS FOR CLIMATE ACTION HUDSON VALLEY PROJECT:THE LOCAL ECONOMIES PROJECT SUPPORTS VIBRANT, INTERCONNECTED COMMUNITIES THAT ARE POWERED BY THE PEOPLE WHO LIVE THERE. WE...

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LOCAL ECONOMIES PROJECT & PARTNERS FOR CLIMATE ACTION HUDSON VALLEY PROJECT:THE LOCAL ECONOMIES PROJECT SUPPORTS VIBRANT, INTERCONNECTED COMMUNITIES THAT ARE POWERED BY THE PEOPLE WHO LIVE THERE. WE SEE FOOD AND FARMING AS A CORNERSTONE OF EVERY REGION AND CRITICAL TO THE MOVEMENT TOWARDS STRONGER, MORE RESILIENT ECONOMIES. OUR MAJOR INITIATIVES: PARTNERS FOR CLIMATE ACTION AND LOCAL STEWARDSHIP AND COMMUNITY, REVOLVE AROUND SUPPORTING COMMUNITIES IN REPAIR OF OUR NATURAL SYSTEMS, MEND OUR CIVIC FABRIC, AND USHER IN A MORE COOPERATIVE AND RESILIENT FUTURE.

Program 3
Expenses: $1,002,927

PHX - PHOENIX FUND AT NWF WAS ESTABLISHED IN 1996 AND IS DEDICATED TO EMPOWERING U.S. WORKERS AND THEIR RIGHTS THROUGH STRONG UNIONS. THROUGH THE PHOENIX FUND GRANTMAKING PROGRAM, WE ARE INVESTING IN...

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PHX - PHOENIX FUND AT NWF WAS ESTABLISHED IN 1996 AND IS DEDICATED TO EMPOWERING U.S. WORKERS AND THEIR RIGHTS THROUGH STRONG UNIONS. THROUGH THE PHOENIX FUND GRANTMAKING PROGRAM, WE ARE INVESTING IN FRONTLINE ORGANIZATIONS AND COLLABORATIONS THAT ARE BUILDING ECONOMIC JUSTICE MOVEMENTS FROM THE BOTTOM UP. OUR WORK IS FOCUSED ON ORGANIZING IN AREAS WITH AND WITHOUT WORKER CENTERS AND REPRESENTATION, AND BUILDING DEEP RELATIONSHIPS BETWEEN ORGANIZED LABOR, UNORGANIZED WORKERS, AND OUR COMMUNITY PARTNERS. WE ARE ALSO INVESTING IN THE CREATION OF SOLIDARITY CAMPAIGNS AND NETWORKS THAT WILL HELP ACTIVISTS TURN THE VICIOUS CIRCLE OF GLOBALIZATION, WHICH PITS ONE GROUP OF WORKERS AGAINST ANOTHER, INTO A VIRTUOUS CIRCLE, WHERE WORKING PEOPLE CAN COME TOGETHER TO RAISE THE FLOOR FOR ALL.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,128,907
Program Service Revenue $123,939
Investment Income $2,897,716
Other Revenue $62,188
TOTAL REVENUE $21,212,750

Expense Breakdown

Grants Paid $17,279,665
Salaries & Benefits $2,992,069
Fundraising Expenses $212,641
Program Expenses $23,390,782
Other Expenses $5,329,829
TOTAL EXPENSES $25,601,563

Year-over-Year Comparison

2023 2022 Change
Revenue $21,212,750 $20,326,734 +0.0%
Expenses $25,601,563 $24,684,927 +0.0%
Net Income $-4,388,813 $-4,358,193 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
13
Volunteers
10

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
6
$773,504
Total Directors
9
$0
Key Employees
1
$341,510
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRED AZCARATE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JONATHAN GLIONNA VICE CHAIR 1.00
Officer Director
$0 $0 $0
LINDA COLON TREASURER 1.00
Officer Director
$0 $0 $0
CYNTHIA CHOI SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID HARRISON BOARD DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH HINES BOARD DIRECTOR 1.00
Director
$0 $0 $0
MAY BETH MAXWELL BOARD DIRECTOR 1.00
Director
$0 $0 $0
VINCENT WARREN BOARD DIRECTOR 1.00
Director
$0 $0 $0
KENT WONG BOARD DIRECTOR 1.00
Director
$0 $0 $0
COLIN GREER PRESIDENT 40.00
Officer
$375,540 $108,777 $484,317
BEATA PUDELKO DIR. OF FINANCE & ADMINISTRATION 40.00
Officer
$203,164 $86,023 $289,187
ROBERT DANDREW DIR. OF THE LOCAL ECON. PROJECT 40.00
Key Emp
$250,543 $90,967 $341,510
HEETEN KALAN PROGRAM OFFICER 40.00
Highest
$185,587 $93,375 $278,962
NOAH BERNSTEIN PROGRAM OFFICER 40.00
Highest
$147,831 $86,567 $234,398
JOSHUA COHEN NETWORK DIRECTOR 40.00
Highest
$115,881 $51,071 $166,952
MIROSLAWA ZALEWSKA FINANCE ASSOCIATE 40.00
Highest
$109,564 $31,290 $140,854
RAHEL TEKOLA PROGRAM OFFICER 40.00
Highest
$104,409 $44,638 $149,047
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
2024 $21,212,750 $25,601,563 $122,021,495 $-4,388,813
2023 $20,326,734 $24,684,927 $123,511,998 $-4,358,193
2022 $12,484,284 $16,130,873 $124,496,787 $-3,646,589
2021 $14,635,341 $23,695,830 $131,879,332 $-9,060,489
2020 $43,812,072 $24,083,544 $187,057,457 $19,728,528
2019 $56,795,840 $17,293,169 $164,734,995 $39,502,671
2018 $47,270,569 $17,781,563 $124,997,673 $29,489,006
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