New World Educational Center
- Assets
- $457.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 10
- Location
- Springfield Gardens, NY
- Founding
- 09/1999
- Data as of
- 08/2022
- EIN
- 11-3422188
Organization Overview
New World Educational Center is located in Springfield Gardens, NY. The organization was established in 1999. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2022, New World Educational Center employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New World Educational Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, New World Educational Center generated $192.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $27.1k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PLAN, ORGANIZE, DEVELOP, ESTABLISH, OPERATE AND MAINTAIN A DAY CARE CENTER IN THE CITY OF NEW YORK. TO PROVIDE DAY CARE SERVICES AND ASSIST IN SHELTERING THE CHILDREN FROM LOW INCOME FAMILIES BY OBTAINING CERTAIN GRANTS FROM THE FEDERAL STATE AND LOCAL GOVERNMENTS TO HELP FEED THESE CHILDREN A HEALTHY NUTRITIOUS MEAL. THE ORGANIZATION ALSO SEEKS TO AID OTHER CHARITABLE INSTITUIONS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A 501 C3, TO ENABLE CHILDRN WITHIN THE COMMUNITY TO GROW UP TO BE PRODUCTIVE ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Menachem Markowitz President | 0 | $0 | |
Shlomo Ilyasov Secretary/tr | 0 | $0 | |
Maria Berrmudez Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $192,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $192,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,400 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,608 |
| Total expenses | $27,141 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $241,434 |
| Other assets | $0 |
| Total assets | $457,854 |
| Total liabilities | $0 |
| Net assets or fund balances | $457,854 |
Grants Awarded
Over the last fiscal year, New World Educational Center has awarded $175,313 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WATCHTOWER BIBLE &TRACT SOCIETY PURPOSE: CHARITY/ EDUCATION | $5,313 |
NETZACH ISRAEL PURPOSE: CHARITY/EDUCATION | $170,000 |