NEW INCENTIVES

EIN: 452368993 501(c)(3) International Affairs

COVINA, CA

Total Revenue
$26,514,991
Total Expenses
$22,415,292
Total Assets
$103,532,902
Net Assets
$102,926,490
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
CA
Principal Officer
SVETHA JANUMPALLI
Phone
4157977639
Tax Period
2023-01-01 to 2023-12-31

NEW INCENTIVES, founded in 2011, is a mid-sized nonprofit in the International Affairs sector that reported $26.5M in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.1M, a strong 15% operating margin.

Mission

NEW INCENTIVES IMPLEMENTS EVIDENCE-BASED PROGRAMMING TO SAVE LIVES IN A MANNER THAT DOES THE MOST GOOD PER DOLLAR. WE PROVIDE CASH INCENTIVES TO INCREASE CHILDHOOD VACCINATION RATES.CORE VALUESCAREGIVERS FIRSTINFANTS AND THEIR CAREGIVERS ARE OUR TOP PRIORITY.ACCOUNTABILITYWE VALUE TRANSPARENCY AND SCRUTINY. WE INCORPORATE TRACKING AND VERIFICATION IN ALL OF OUR WORK, AND PROMOTE CRITICAL THINKING AND PROFESSIONAL SKEPTICISM.INTEGRITYWE HAVE ZERO TOLERANCE FOR DISHONESTY. WE ARE GUIDED BY THE PRINCIPLES OF INCORRUPTIBILITY, MERITOCRACY, AND IMPARTIALITY. WE STAND UPON THE MORAL COURAGE OF EACH TEAM MEMBER.PURSUIT OF EXCELLENCEWE BELIEVE IN PURSUING EXCELLENCE BY USING SCIENCE, EVIDENCE, AND DATA TO DRIVE PROGRAM DESIGN AND IMPLEMENTATION. WE MEASURE, TEST AND ITERATE, AND VALUE FEEDBACK LOOPS.

Program Service Accomplishments

Program 1
Expenses: $21,063,790 Revenue: $0

NEW INCENTIVES, VIA ITS NIGERIA-BASED ORGANIZATION, ALL BABIES ARE EQUAL INITIATIVE (ABAE), OPERATED A CONDITIONAL CASH TRANSFER PROGRAM TO INCENTIVIZE MOTHERS (AND OTHER CAREGIVERS) TO VACCINATE...

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NEW INCENTIVES, VIA ITS NIGERIA-BASED ORGANIZATION, ALL BABIES ARE EQUAL INITIATIVE (ABAE), OPERATED A CONDITIONAL CASH TRANSFER PROGRAM TO INCENTIVIZE MOTHERS (AND OTHER CAREGIVERS) TO VACCINATE THEIR INFANTS ACCORDING TO THE NIGERIAN ROUTINE IMMUNIZATION SCHEDULE TO REDUCE VACCINE-PREVENTABLE DEATHS. NEW INCENTIVES DISBURSED 5,310,510 CASH TRANSFERS TO CAREGIVERS AFTER VERIFYING COMPLETION OF REQUIRED IMMUNIZATIONS AND ENROLLED 1,518,811 CAREGIVERS AND THEIR INFANTS INTO THE CCTS FOR ROUTINE IMMUNIZATIONS PROGRAM.NOTE: THE $17,644,117 UNDER GRANTS PAID BY THE ORGANIZATION IS THE TOTAL OF TRANSFERS FROM NEW INCENTIVES TO ITS FOREIGN-CONTROLLED ENTITY ALL BABIES ARE EQUAL INITIATIVE (ABAE). ABAE DISBURSES GRANTS TO ELIGIBLE PROGRAM PARTICIPANTS ACCORDING TO STRICT ELIGIBILITY CRITERIA AND PROTOCOLS. DETAILED MONITORING IS CARRIED OUT TO ASSESS ADHERENCE TO PROGRAM PROTOCOLS AND CASH TRANSFER DISBURSEMENT POLICIES.IN 2023, NEW INCENTIVES ENROLLED 1,518,811 INFANTS IN THE CCT PROGRAM WITH 311,781 IMMUNIZATION DAYS, AND ARE NOW OPERATING IN 166 LGAS WITH 5,862 CLINICS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $24,325,117
Program Service Revenue $0
Investment Income $2,189,874
Other Revenue $0
TOTAL REVENUE $26,514,991

Expense Breakdown

Grants Paid $17,644,117
Salaries & Benefits $798,429
Fundraising Expenses $115,591
Program Expenses $21,063,790
Other Expenses $3,972,746
TOTAL EXPENSES $22,415,292

Year-over-Year Comparison

2023 2022 Change
Revenue $26,514,991 $80,025,957 -0.7%
Expenses $22,415,292 $10,048,327 +1.2%
Net Income $4,099,699 $69,977,630 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
3
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
6
$631,600
Total Directors
6
$631,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SVETHA JANUMPALLI DIRECTOR AND CHIEF EXECUTIVE OFFICER 50.00
Officer Director
$312,200 $3,600 $315,800
PRATYUSH AGARWAL DIRECTOR AND CHIEF OPERATING OFFICER 50.00
Officer Director
$312,200 $3,600 $315,800
PATRICK PETER STADLER DIRECTOR AND BOARD CHAIR 2.00
Officer Director
$0 $0 $0
SALINA YEUNG DIRECTOR AND TREASURER 2.00
Officer Director
$0 $0 $0
ANNE MARIE FLANAGAN DIRECTOR AND SECRETARY (UNTIL 9/23) 0.50
Officer Director
$0 $0 $0
MICHAEL THOMAS DIRECTOR AND SECRETARY (AS OF 9/23) 1.00
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
2024 No data No data No data No data
2023 $26,514,991 $22,415,292 $103,532,902 $4,099,699
2022 $80,025,957 $10,048,327 $98,742,689 $69,977,630
2021 $14,346,474 $3,055,099 $29,292,382 $11,291,375
2020 $19,186,944 $2,459,988 $17,944,969 $16,726,956
2019 $61,499 $3,108,947 $1,382,628 $-3,047,448
2018 $280,891 $1,728,152 $4,496,547 $-1,447,261
2017 $6,802,978 $1,325,191 $5,916,946 $5,477,787
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