NonprofitsNew Economics For Women

Housing & Shelter

New Economics For Women

LOS ANGELES, CA

Total revenue

$9.2M

Total expenses

$11.4M

Net assets

$9.4M

Grants received

$7.1M

81 grants

EIN

953969029

Tax year

2023

Mission

To empower generations of under-resourced women and their families to thrive.

Programs

2 programs

Women's Business Center: NEW's SBA Women's Business Center Program helps aspiring entrepreneurs receive the motivational support, education, and practical tools they need to transform their personal passion into a thriving small business. These small business upstarts work to provide economic mobility accelerators to each owner, while spurring job growth and economic stability for the employees and areas served by these powerful small businesses. The Women's Business Center is part of a thriving interconnected ecosystem of services designed to spur economic mobility in families. The Women's Business Center has provided thousands of participants with high quality resources for business development, both in person and virtually, with an emphasis on Spanish and Armenian language resources, due to the needs of the local community in the Canoga Park area of Los Angeles.

Learning Centers: NEW's Learning Centers empower students and their families to build a foundation for academic success by elevating their aspirations and equipping them with the knowledge they need to confidently succeed as students of the world. With over 265 students enrolled in the Pico-Union and Canoga Park areas of Los Angeles, NEW provides year-round personalized homework support, a rotating selection of enrichment courses, summer and winter day camps, holiday events, community clean-ups, and a broad array of specialty programs made possible through partnerships with various other organizations dedicated to academic success. Our staff empowers students to embrace their curiosity and love of learning, and gives parents the resources to actively and confidently support their children's educational goals.

Financials

FY 2023

Revenue

Contributions & grants$8.4M
Program service revenue$644K
Investment income$100K
Other revenue$5K
Total revenue$9.2M

Expenses

Grants paid$530K
Salaries & benefits$6.2M
Fundraising$253K
Other expenses$4.6M
Total expenses$11.4M
Total assets$44.5M
Net assets$9.4M

People

17 listed

NameRoleCompensation

Beatriz Olvera Stotzer

President

Board

$150K

10 hrs/wk

Magdalena Cervantes

Executive Director

Board

$135K

40 hrs/wk

Leticia Andueza

Associate Executive Director

Board

$125K

40 hrs/wk

Robert Morales

Board Member

Board

2 hrs/wk

Christina Sanchez

Board Member

Board

2 hrs/wk

Maria L Garcia

Board Member

Board

2 hrs/wk

Antonio Manning

Board Member

Board

2 hrs/wk

Nilda Ruiz

Board Member

Board

2 hrs/wk

Welton Smith

Board Member

Board

2 hrs/wk

Joan Kradin

Board Member

Board

2 hrs/wk

Stacey Brenner

Board Member

Board

2 hrs/wk

Miguel Escobar

Treasurer

Board

2 hrs/wk

Belinda Barragan

Secretary

Board

2 hrs/wk

Andrew Cheng

Vice President

Board

2 hrs/wk

Carmen Luna

Program Director

Staff

$113K

40 hrs/wk

Yesenia Medina

Program Director

Staff

$110K

40 hrs/wk

Ruth Garcia-Corrales

Program Director

Staff

$104K

40 hrs/wk

Grants received

Showing 81 of 81

FromAmountPurposeYear
$400K
COMMUNITY PROGRESS MAKERS
2024
$250K
IMPROVE HOUSING, ECONOMICAL, SOCIAL, HEALTH AND WELLNESS OF RESIDENTS OF THE CITY OF LOS ANGELES
2024
$150K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
$139K
TO SUPPORT AND PROMOTE AFFORDABLE AND WORKFORCE HOUSING ACROSS THE DC/MD/VA REGION
2024
$46K
IN-KIND DONATIONS OF PROGRAM SUPPLIES FOR NEEDY FAMILIES
2024
$41K
CALEITC4ME CAMPAIGN
2024
$40K
Latino Digital
2024
$25K
Legacy Of Family Celebration Awards
2024
$10K
REDUCED HEALTH DISPARITY IN UNDERSERVED COMMUNITIES.
2024
$8K
GRANT TO SUPPORT AARP FOUNDATION'S ECONOMIC MOBILITY PROGRAM
2024
$532K
For grant recipient's exempt purposes
2023
$458K
IMPROVE HOUSING, ECONOMICAL, SOCIAL, HEALTH AND WELLNESS OF RESIDENTS OF THE CITY OF LOS ANGELES
2023
$201K
GRANTS
2023
$200K
GENERAL OPERATING SUPPORT
2023
$139K
FOR CAPACITY BUILDING AND BUSINESS GROWTH
2023
$65K
ECONOMIC OPPORTUNITY
2023
$63K
TO ASSIST THE ENTITY WITH RESOURCES TO SUPPORT THE HOMELESS
2023
$60K
IN-KIND DONATIONS OF PROGRAM SUPPLIES FOR NEEDY FAMILIES
2023
$50K
FOR GENERAL SUPPORT OF HOUSING AND SERVICES
2023
$50K
OPERATING SUPPORT
2023
$29K
CALEITC4ME CAMPAIGN
2023
$28K
ULTA BEAUTY GRANT TO SUPPORT LATINO JOB SEEKERS
2023
$25K
PROGRAM/OPERATING SUPPORT
2023
$15K
Operating Support/Annual Fund
2023
$10K
REDUCED HEALTH DISPARITY IN UNDERSERVED COMMUNITIES.
2023
$8K
Grant to support AARP Foundation's Work for Yourself 50+ workshops
2023
$508K
For grant recipient's exempt purposes
2022
$500K
IMPROVE HOUSING, ECONOMICAL, SOCIAL, HEALTH AND WELLNESS OF RESIDENTS OF THE CITY OF LOS ANGELES
2022
$278K
FOR CAPACITY BUILDING AND BUSINESS GROWTH
2022
$99K
GRANTS
2022
$93K
FOR EXPANSION OF THE APRICOT DATA SYSTEM AND PURCHASE OF COMPUTERS
2022
$55K
ANGEL FUND
2022
$50K
ECONOMIC OPPORTUNITY
2022
$36K
IN-KIND DONATIONS OF PROGRAM SUPPLIES FOR NEEDY FAMILIES
2022
$32K
CalEITC4Me CAMPAIGN
2022
$15K
Operating Support/Annual Fund
2022
$13K
SMALL BUSINESS
2022
$12K
TO ASSIST THE ENTITY WITH RESOURCES TO SUPPORT THE HOMELESS
2022
$2K
2022 GRANT
2022
$250
HONORARIUM FOR PARTICIPATION IN WEINGARTS HOUSING STRATEGY FOCUS GROUP
2022
$200K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2021
$157K
GRANTS
2021
$85K
ANGEL FUND
2021
$79K
TO ASSIST THE ENTITY WITH RESOURCES TO SUPPORT THE HOMELESS
2021
$50K
FOR GENERAL SUPPORT OF HOUSING AND SERVICES FOR LOW-INCOME WOMEN AND THEIR FAMILIES
2021
$40K
For grant recipient's exempt purposes
2021
$40K
For grant recipient's exempt purposes
2021
$15K
Operating Support/Annual Fund
2021
$200
FOR CIVIC & COMMUNITY ENGAGEMENT
2021
$217K
GRANTS
2020
$150K
IMPROVE HOUSING, ECONOMICAL, SOCIAL, HEALTH AND WELLNESS OF RESIDENTS OF THE CITY OF LOS ANGELES
2020
$142K
HOMELESS SHELTER
2020
$100K
IN SUPPORT OF FINANCIAL HEALTH
2020
$100K
ANGEL FUND
2020
$21K
CALEITC4ME CAMPAIGN
2020
$19K
Financial Capability
2020
$16K
TO ASSIST THE ENTITY WITH RESOURCES TO SUPPORT THE HOMELESS
2020
$15K
Operating Support/Annual Fund
2020
$99K
GRANTS
2019
$50K
FOR CASE MANAGEMENT SOFTWARE AND TWO REPLACEMENT SERVERS
2019
$45K
Operating Support/Annual Fund
2019
$38K
Financial Capability
2019
$20K
CV-19 - ANGELENO CARD ADMIN
2019
$5K
Emergency Support
2019
$86K
GRANTS
2018
$15K
PROGRAM/OPERATING SUPPORT
2018
$250
PROGRAM/OPERATING SUPPORT
2018
$10
GENERAL OPERATING SUPPORT
2018
$35K
Operating Support
2017
$35K
GRANTS
2017
$10K
Project Support
2016

Funded by

$7.1M from 31 funders · 81 grants · 2016–2024

Los Angeles Medical Center Foundation

$1.4M · 4 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$1.1M · 4 grants · 2021–2023

Unidosus

$893K · 7 grants · 2017–2023

Jpmorgan Chase Foundation

$650K · 5 grants · 2018–2024

Capital Impact Partners

$556K · 3 grants · 2022–2024

Citi Foundation

$400K · 1 grant · 2024

Shelter Partnership Inc

$170K · 4 grants · 2020–2023

Mufg Union Bank Foundation Ag

$160K · 3 grants · 2020–2022

Details

EIN953969029
NTEE codeL210
Subsection03
Ruling date1985-06
Formed1984
Employees128
Volunteers85
NEW ECONOMICS FOR WOMEN — Mission, Financials & Grants Received | Grantivo