New World Foundation
- Assets
- $131.9m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 80
- Location
- New York, NY
- Founding
- 06/1959
- Data as of
- 09/2021
- EIN
- 13-1919791
Organization Overview
New World Foundation is located in New York, NY. The organization was established in 1959. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, New World Foundation employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New World Foundation 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 09/2021, New World Foundation generated $14.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $23.7m during the year ending 09/2021. While expenses have increased by 5.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New World Foundation has awarded 948 individual grants totaling $38,398,751. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT COMMUNITY ACTIVISTS ACROSS AMERICA AND AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUDSON VALLEY FARM HUB:THE HUDSON VALLEY FARM HUB WAS ORGANIZED TO FOSTER AN EQUITABLE AND ECOLOGICALLY RESILIENT FOOD SYSTEM IN THE HUDSON VALLEY ONE THAT SERVES THE NEEDS OF OUR COMMUNITIES WHILE WORKING IN PARTNERSHIP WITH NATURE. WE PROVIDE PROFESSIONAL FARMER TRAINING, HOST AND SUPPORT AGRICULTURAL RESEARCH, DEMONSTRATE NEW FARM TECHNOLOGIES, AND SERVE AS AN EDUCATIONAL RESOURCE FOR ADVANCES IN FOOD AND FARMING. WITH STRENGTHS LIKE DEEPLY ROOTED FARMING TRADITIONS, EXCELLENT SOILS, YOUNG GROWERS EAGER TO EXPLORE FARMING CAREERS, AND PROXIMITY TO NEW YORK CITY MARKETS, THE HUDSON VALLEY REGION IS WELL POISED TO CAPTURE THE MOMENTUM OF THE BURGEONING LOCAL FOOD MOVEMENT.
ERE - EDUCATION FOR RACIAL EQUITY:PROJECT WAS ESTABLISHED AS A CROSS-RACIAL AND INTER-GENERATIONAL PROJECT COMMITED TO SUPPORT THE LARGER FIELD FOR SOMATIC ABOLITIONISM MOVEMENT AND OUR EFFORTS AIM TOWARDS BUILDING ANTI-RACIST CULTURE INTERNATIONALLY.
LOCAL ECONOMIES PROJECT & P CLIMATE ACTION PROJECT:THE LOCAL ECONOMIES PROJECT SUPPORTS VIBRANT, INTERCONNECTED COMMUNITIES THAT ARE POWERED BY THE PEOPLE WHO LIVE THERE. WE SEE FOOD AND FARMING AS A CORNERSTONE OF EVERY REGION AND CRITICAL TO THE MOVEMENT TOWARDS STRONGER, MORE RESILIENT ECONOMIES. OUR MAJOR INITIATIVES: PARTNERS FOR CLIMATE ACTION AND LOCAL STEWARDSHIP AND COMMUNITY, REVOLVE AROUND SUPPORTING COMMUNITIES IN REPAIR OF OUR NATURAL SYSTEMS, MEND OUR CIVIC FABRIC, AND USHER IN A MORE COOPERATIVE AND RESILIENT FUTURE.
NEW MAJORITY FUND, FRACKING PROJECT, PHOENIX FUND, CLIMATE FUND, FLEMING AWARDS, MARGA FUND, DIVERSE ASSET MANAGERS INITIATIVE, TRC, CHL, SEEDSHED PROJECT, MASK4MASK, DONORS FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Greer President | Officer | 40 | $335,547 |
Robert Dandrew Director Of The Local Economics Project | Officer | 40 | $243,171 |
Beata Pudelko Director Of Finance & Administration | Officer | 40 | $176,544 |
Heeten Kalan Program Officer | 40 | $171,653 | |
Noah Bernstein Program Officer | 40 | $131,533 | |
Fred Azcarate Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Justice Leadership Solutions Program Consulting | 9/29/21 | $271,439 |
Marga Inc Program Consulting | 9/29/21 | $265,000 |
The Raben Group Program Consulting | 9/29/21 | $189,097 |
Kirill Kourtchikov Program Consulting | 9/29/21 | $180,000 |
Patterson Belknap Webb & Tyler Llp Legal Fees | 9/29/21 | $170,559 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,494,920 |
| Noncash contributions included in lines 1a–1f | $4,740,822 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,494,920 |
| Total Program Service Revenue | $1,840,455 |
| Investment income | $1,876,032 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,800 |
| Net Gain/Loss on Asset Sales | $1,407,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,635,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,816,092 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $22,350 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,000,239 |
| Compensation of current officers, directors, key employees. | $72,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,164,544 |
| Pension plan accruals and contributions | $541,386 |
| Other employee benefits | $1,765,053 |
| Payroll taxes | $300,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $415,667 |
| Fees for services: Accounting | $64,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $139,703 |
| Fees for services: Other | $3,139,229 |
| Advertising and promotion | $0 |
| Office expenses | $273,913 |
| Information technology | $55,056 |
| Royalties | $0 |
| Occupancy | $585,475 |
| Travel | $59,282 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,894 |
| Interest | $147,908 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,047,866 |
| Insurance | $333,338 |
| All other expenses | $0 |
| Total functional expenses | $23,695,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,318,863 |
| Pledges and grants receivable | $40,000 |
| Accounts receivable, net | $207,309 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,060 |
| Net Land, buildings, and equipment | $8,127,155 |
| Investments—publicly traded securities | $82,938,971 |
| Investments—other securities | $0 |
| Investments—program-related | $27,147,372 |
| Intangible assets | $0 |
| Other assets | $17,602 |
| Total assets | $131,879,332 |
| Accounts payable and accrued expenses | $7,545,068 |
| Grants payable | $92,347 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $129,838 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,577,450 |
| Total liabilities | $10,344,703 |
| Net assets without donor restrictions | $113,566,758 |
| Net assets with donor restrictions | $7,967,871 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $131,879,332 |
Grants Awarded
Over the last fiscal year, New World Foundation has awarded $4,987,340 in support to 137 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $800,000 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $500,000 |
Boston, MA PURPOSE: GENERAL SUPPORT | $492,250 |
New York, NY PURPOSE: GENERAL SUPPORT | $250,000 |
Azusa, CA PURPOSE: GENERAL SUPPORT | $164,000 |
Albany, NY PURPOSE: GENERAL SUPPORT | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that New World Foundation has recieved totaling $4,453,482.
| Awarding Organization | Amount |
|---|---|
Rudolf Steiner Foundation Inc San Francisco, CA PURPOSE: TO SUPPORT THE LOCAL ECONOMIES PROJECT FOR COVID RELIEF FUNDS; TO SUPPORT THE PHOENIX FUND; TO SUPPORT THE GOODWILL FUND | $902,500 |
Delivering Good Inc New York, NY PURPOSE: POVERTY ASSISTANCE | $804,219 |
Novo Foundation Kingston, NY PURPOSE: PROJECT SUPPORT: CULTURE HACK LABS | $600,000 |
Novo Foundation Kingston, NY PURPOSE: PROJECT SUPPORT: SEED SHED | $309,258 |
James Irvine Foundation San Francisco, CA PURPOSE: TO SUPPORT QUALITY JOBS IN INLAND CA | $250,000 |
Novo Foundation Kingston, NY PURPOSE: GENERAL SUPPORT | $250,000 |
Endowment Analysis
| Beg. Balance | $23,406,307 |
| Net Contributions | $4,267,822 |
| Other Expense | $19,706,258 |
| Ending Balance | $7,967,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $441,552,124 | $46,022,571 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |
Vermont Community Foundation Middlebury, VT | $310,876,312 | $39,275,546 |
Rochester Area Community Foundation Rochester, NY | $452,673,006 | $59,557,190 |
Catholic Charities Of Buffalo Buffalo, NY | $41,576,335 | $33,263,179 |
New World Foundation New York, NY | $131,879,332 | $14,635,341 |
Central New York Community Foundation Inc Syracuse, NY | $395,864,792 | $49,020,873 |
Princeton Area Community Foundation Inc Lawrenceville, NJ | $266,456,755 | $20,796,965 |
Erie Community Foundation Erie, PA | $290,579,169 | $26,731,197 |