NEWU INC

EIN: 834203520 501(c)(3) Education

Washington, DC

Total Revenue
$712,317
Total Expenses
$674,991
Total Assets
$902,591
Net Assets
$-332,279
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
DC
Principal Officer
Stratsimir Kulinski
Phone
2029681001
Tax Period
2024-07-01 to 2025-06-30

NEWU INC, founded in 2019, is a small nonprofit in the Education sector that reported $712K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $675K left a modest 5% surplus.

Mission

NewU's mission is to empower students to become successful, resilient, socially engaged, and ethical citizens of the world for life. NewU provides affordable programs in a supportive environment with no hidden fees, no debt traps, and no fluff - just high-quality career-focused education designed to transform lives. We are part of the movement to fix what's broken in higher ed and our vision is to bring our innovations and solutions nationwide.

Program Service Accomplishments

Program 1
Expenses: $630,822 Revenue: $712,317

NewU University is a nonprofit institution reimagining higher education by providing high-quality, in-person instruction that is truly affordable and accessible-without the need for student loans...

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NewU University is a nonprofit institution reimagining higher education by providing high-quality, in-person instruction that is truly affordable and accessible-without the need for student loans. NewU's contemporary, career-focused curriculum and intentionally lean business model prioritize teaching, student support, and career readiness over administrative overhead or research. This approach enables students to earn a Bachelor's degree in just three years at a significantly lower cost than traditional colleges, reducing financial barriers and improving both educational and workforce readiness. In June 2025, NewU's first cohort of students graduated with a Bachelor's degree only three years after starting the program. The graduation rate is significantly above the national average for the populations served. The employment outcomes have been transformative.

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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 (2024)

Revenue Breakdown

Contributions & Grants $205,642
Program Service Revenue $506,675
Investment Income $0
Other Revenue $0
TOTAL REVENUE $712,317

Expense Breakdown

Grants Paid $318,390
Salaries & Benefits $89,417
Fundraising Expenses $0
Program Expenses $630,822
Other Expenses $267,184
TOTAL EXPENSES $674,991

Year-over-Year Comparison

2024 2023 Change
Revenue $712,317 $630,845 +0.1%
Expenses $674,991 $605,477 +0.1%
Net Income $37,326 $25,368 +0.5%
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

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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
21
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
5
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven Mitchell Pinkowski Corporate Secretary and Member of the Board of Directors 1
Director
$0 $0 $0
Kenneth Ward Member of the Board of Directors 1
Director
$0 $0 $0
Cody Hyman Member of the Board of Directors 1
Director
$0 $0 $0
Stratsimir Kulinski President and CEO 60
Officer
$0 $0 $0
Elena Krumova Chief Academic Officer 40
Officer
$0 $0 $0
Viktoriya Zotova CFO 40
Officer
$0 $0 $0
Joshua Morrison Chief Student Journey Officer 30
Officer
$0 $0 $0
Jonas Rolett Chief Development Officer 10
Officer
$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
2025 $712,317 $674,991 $902,591 $37,326
2024 $630,845 $605,477 $114,270 $25,368
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