THE NEW PHILANTHROPISTS

EIN: 821819025 501(c)(3) Philanthropy & Grantmaking

AUSTIN, TX

Total Revenue
$254,693
Total Expenses
$337,244
Total Assets
$287,167
Net Assets
$287,167
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TX
Principal Officer
PAULINA ARTIEDA
Phone
5128001572
Tax Period
2023-01-01 to 2023-12-31

THE NEW PHILANTHROPISTS, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $255K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $337K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE NEW PHILANTHROPISTS IS AN ORGANIZATION THAT CULTIVATES DIVERSITY, EQUITY AND INCLUSION VALUES ON NONPROFIT BOARDS IN ORDER FOR LEADERS OF COLOR TO GAIN ACCESS AND OPPORTUNITY INTO BOARD SERVICE, SUSTAINS A BOARD LEADERSHIP MODEL WHERE ALL CAN THRIVE THROUGH AN ANTI-RACIST COMPREHENSIVE PROCESS, AND ENABLES NONPROFITS TO BE MORE EFFECTIVE STEWARDS OF PUBLIC TRUST SO THAT THEIR COMMUNITIES ARE BETTER SERVED.

Program Service Accomplishments

Program 1
Expenses: $16,050 Revenue: $55,145

FIRST LOOK ASSESSMENT PROGRAM: FIRST LOOK IS A BOARD DIVERSITY AND INCLUSION ASSESSMENT THAT HELPS AN ORGANIZATION PREPARE FOR THE TRANSFORMATIONAL PROCESS, OR CHANGE, REQUIRED TO INCREASE DIVERSITY...

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FIRST LOOK ASSESSMENT PROGRAM: FIRST LOOK IS A BOARD DIVERSITY AND INCLUSION ASSESSMENT THAT HELPS AN ORGANIZATION PREPARE FOR THE TRANSFORMATIONAL PROCESS, OR CHANGE, REQUIRED TO INCREASE DIVERSITY. IT IDENTIFIES AN ORGANIZATION'S STRENGTHS AND WEAKNESSES AND THE POTENTIAL CHALLENGES THAT MIGHT ARISE WHEN IMPLEMENTING NEW PROCESSES, STRUCTURES AND POSITIONS WHEN ADJUSTING ITS CULTURE. INCLUSION ASSESSMENTS ARE A CRITICAL TOOL FOR ORGANIZATIONS PREPARING FOR THEIR JOURNEY TOWARDS DIVERSITY, EQUITY AND INCLUSION. IN 2023, WE LAUNCHED TWO COHORTS OF NONPROFITS THROUGH A PARTNERSHIP WITH AUSTIN OUTSIDE AND JPMORGAN CHASE. IN 2023 TNP HAD 8 NONPROFITS PARTICIPATING IN THIS PROGRAM,ADMINISTRATING 83 ASSESSMENTS WITH BOARDAND EXECUTIVE LEADERS, 9 STRATEGY SESSIONS AND 9 RECRUITMENT WORKSHOPS. IN ALL, TNP HAS HAD 23 NONPROFITS PARTICIPATE IN THIS PROGRAM SINCE ITS LAUNCH IN 2018. WE LOOK FORWARD TO CONTINUING THIS COLLECTIVE IMPACT APPROACH IN 2024 AND BEING A RESOURCE FOR NONPROFITS.

Program 2
Expenses: $13,150 Revenue: $19,675

THE EQUITY WORKSHOP SERIES: THESE WORKSHOPS PROVIDE DIVERSITY, EQUITY & INCLUSION (DEI) TRAINING AND PROGRAMMING IN ORDER TO HELP BOARD PROSPECTS AND MEMBERS OF COLOR, AND ALLIES, AND LEADERS...

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THE EQUITY WORKSHOP SERIES: THESE WORKSHOPS PROVIDE DIVERSITY, EQUITY & INCLUSION (DEI) TRAINING AND PROGRAMMING IN ORDER TO HELP BOARD PROSPECTS AND MEMBERS OF COLOR, AND ALLIES, AND LEADERS NAVIGATE THROUGH NONPROFIT BOARDS. THEY INCLUDE: TAKE THE LEAD, INTRO TO INCLUSIVE LEADERSHIP, THE EQUITY CHAIR PART 1, AND THE EQUITY CHAIR PART 2, AUSTIN HISTORY 2.0, AND LGBTQ+ INCLUSIVITY. TNP HAS INCREASED ITS PROGRAMMING THROUGH THESE WORKSHOPS BY OFFERING THEM AT NONPROFIT BOARD RETREATS, PUBLICLY AND THROUGH ITS CORPORATE MEMBERSHIP PROGRAM WHICH HAS STRENGTHENED SPONSORSHIP PARTNERSHIPS INCLUSIVE OF H-E-B, CAPMETRO, ILHIGH, LOCAL AND STATEWIDE CONFERENCE SESSIONS AND MORE. AS OF 2023 TNP HAS HELD 35 WORKSHOPS AND HAD OVER 815 PARTICIPANTS.

Program 3
Expenses: $20,650 Revenue: $40,000

THE BOARD MATCHING PROGRAM: THIS PROGRAM IS FOUNDED IN THE VALUES THAT SUPPORT OUR MISSION TO CREATE A MORE RACIALLY DIVERSE, EQUITABLE AND INCLUSIVE NONPROFIT BOARD SECTOR. IT PROVIDES PLACEMENT...

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THE BOARD MATCHING PROGRAM: THIS PROGRAM IS FOUNDED IN THE VALUES THAT SUPPORT OUR MISSION TO CREATE A MORE RACIALLY DIVERSE, EQUITABLE AND INCLUSIVE NONPROFIT BOARD SECTOR. IT PROVIDES PLACEMENT OPPORTUNITIES FOR NONPROFIT BOARDS AND BOARD PROSPECTS THAT FOCUS ON MEANINGFUL CONNECTIONS AND FOCUSES ON AUTHENTIC RELATIONSHIP BUILDING STRATEGIES. TNP IS CAPTURING RICH DATA THROUGH THE APPLICATION PROCESS AND HAS SEEN THAT NONPROFITS THAT HAVE BEEN MATCHED BEFORE ARE RETURNING FOR MORE MATCHES, AS WELL THAT BOARD PROSPECTS OF COLOR ARE OPTING TO BE PLACED ON MORE THAN ONE NONPROFIT BOARD. IN 2023, 80% OF BOARD PROSPECT APPLICANTS WERE PLACED ON NONPROFIT BOARDS AND AT THE END OF THAT YEAR WE HAD A TOTAL OF 55 BOARD PLACEMENTS ON 38 NONPROFIT BOARDS.

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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 $127,363
Program Service Revenue $131,616
Investment Income $0
Other Revenue $-4,286
TOTAL REVENUE $254,693

Expense Breakdown

Grants Paid $0
Salaries & Benefits $102,267
Fundraising Expenses $35,140
Program Expenses $229,004
Other Expenses $234,977
TOTAL EXPENSES $337,244

Year-over-Year Comparison

2023 2022 Change
Revenue $254,693 $355,159 -0.3%
Expenses $337,244 $188,738 +0.8%
Net Income $-82,551 $166,421 -1.5%
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
8
Independent Members
8
Employees
1
Volunteers
5

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
7
$95,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENISE HERNANDEZ QTR 1 AND 4 CHAIR 1.00
Officer Director
$0 $0 $0
CODY HORTON DIRECTOR 1.00
Director
$0 $0 $0
IAN BURK TREASURER 1.00
Officer Director
$0 $0 $0
JANICE OMADEKE DIRECTOR 1.00
Director
$0 $0 $0
PAMELA BENSON OWENS CHAIR 1.00
Officer Director
$0 $0 $0
KIYOMI BEACH QTR 2 CHAIR 1.00
Officer Director
$0 $0 $0
DAMIAN PANTOJA SECRETARY 1.00
Officer Director
$0 $0 $0
LARESSA QUINTANA DIRECTOR 1.00
Director
$0 $0 $0
ANDREA HERRERA MORENO QTR 3 CHAIR 1.00
Officer Director
$0 $0 $0
ESTEVAN DELGADO DIRECTOR 1.00
Director
$0 $0 $0
PAULINA ARTIEDA EXECUTIVE DIRECTOR 40.00
Officer
$95,000 $0 $95,000
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 $254,693 $337,244 $287,167 $-82,551
2022 $355,159 $188,738 $369,718 $166,421
2021 $212,082 $129,974 $203,297 $82,108
2020 $210,200 $129,472 $121,189 $80,728
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