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NEW ECONOMY PROJECT'S MISSION IS TO BUILD AN ECONOMY THAT WORKS FOR ALL NEW YORKERS, ROOTED IN RACIAL AND SOCIAL JUSTICE, COOPERATION, NEIGHBORHOOD EQUITY AND ECOLOGICAL SUSTAINABILTY.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$3.9M
Program Spending
79%
of total expenses go to program services
Total Contributions
$3.5M
Total Expenses
▼$2.3M
Total Assets
$8.9M
Total Liabilities
▼$89.2K
Net Assets
$8.8M
Officer Compensation
→$736.6K
Other Salaries
$861.8K
Investment Income
$190.1K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$625K
Awards Found
5
| Awarding Agency | Description | Amount | Fiscal Year | Period |
|---|---|---|---|---|
| Department of Housing and Urban Development | EDUCATION & OUTREACH | $125K | FY2012 | Sep 2012 – Apr 2014 |
| Department of Housing and Urban Development | EDUCATION AND OUTREACH INITIATIVES | $125K | FY2012 | Dec 2011 – Apr 2013 |
| Department of Housing and Urban Development | EDUCATION AND OUTREACH INITIATIVES | $125K | FY2012 | Dec 2011 – Apr 2013 |
| Department of Housing and Urban Development | EDUCATION & OUTREACH | $125K | FY2011 | Apr 2011 – Apr 2012 |
| Department of Housing and Urban Development | EDUCATION & OUTREACH | $125K | FY2011 | Apr 2011 – Apr 2012 |
Department of Housing and Urban Development
$125K
EDUCATION & OUTREACH
Department of Housing and Urban Development
$125K
EDUCATION AND OUTREACH INITIATIVES
Department of Housing and Urban Development
$125K
EDUCATION AND OUTREACH INITIATIVES
Department of Housing and Urban Development
$125K
EDUCATION & OUTREACH
Department of Housing and Urban Development
$125K
EDUCATION & OUTREACH
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $3.9M | $3.5M | $2.3M | $8.9M | $8.8M |
| 2022IRS e-File | $2M | $1.7M | $2.2M | $7.3M | $7.3M |
| 2021 | $1.8M | $1.4M | $1.5M | $7M | $6.7M |
| 2020 | $1.6M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Sarah I Ludwig | Co-dir.-12/2023 | 40 | $175.8K | $0 | $14.1K | $189.9K |
| Deyanira Del Rio | Executive Dir. | 40 | $169.3K | $0 | $6,700 | $176K |
| Akilah Browne | Treasurer | 1 | $0 | $0 | $0 | $0 |
| Azadeh Khalili | President | 1 | $0 | $0 | $0 | $0 |
| Shabnam Faruki | Secretary | 1 | $0 | $0 | $0 | $0 |
| Jennifer Ching | Vice President | 1 | $0 | $0 | $0 | $0 |
Sarah I Ludwig
Co-dir.-12/2023
$189.9K
Hrs/Wk
40
Compensation
$175.8K
Related Orgs
$0
Other
$14.1K
Deyanira Del Rio
Executive Dir.
$176K
Hrs/Wk
40
Compensation
$169.3K
Related Orgs
$0
Other
$6,700
Akilah Browne
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Azadeh Khalili
President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Shabnam Faruki
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jennifer Ching
Vice President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Brendan Martin | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Linda Levy | Board Member | 0.5 | $0 | $0 | $0 | $0 |
| Michael Partis | Board Member | 0.5 | $0 | $0 | $0 | $0 |
Brendan Martin
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Linda Levy
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
Michael Partis
Board Member
$0
Hrs/Wk
0.5
Compensation
$0
Related Orgs
$0
Other
$0
| $1.3M |
| $1.8M |
| $6.7M |
| $6.4M |
| 2019 | $1.7M | $1.4M | $1.8M | $6.8M | $6.7M |
| 2018 | $1.3M | $1.1M | $1.7M | $6.9M | $6.8M |
| 2017 | $1.6M | $1.3M | $1.4M | $7.3M | $7.2M |
| 2016 | $3.2M | $642.7K | $1.2M | $7.1M | $7M |
| 2015 | $1.2M | $1.1M | $1.3M | $5.1M | $5M |
| 2014 | $1.3M | $998.3K | $1.5M | $5.1M | $5M |
| 2013 | $2.7M | $2.6M | $1.7M | $5.5M | $5.4M |
| 2012 | $2M | $1.8M | $1.5M | $4.4M | $4.4M |
| 2011 | $1.6M | $1.5M | $1.6M | $4M | $3.9M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |