NonprofitsNew Economy Project

Community Improvement & Capacity Building

New Economy Project

NEW YORK, NY

Total revenue

$3.9M

Total expenses

$2.3M

Net assets

$8.8M

Grants received

$6.5M

68 grants

EIN

133842270

Tax year

2023

Mission

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.

Financials

FY 2023

Revenue

Contributions & grants$3.5M
Program service revenue$144K
Investment income$190K
Other revenue$4K
Total revenue$3.9M

Expenses

Grants paid$3K
Salaries & benefits$1.9M
Fundraising$231K
Other expenses$404K
Total expenses$2.3M
Total assets$8.9M
Net assets$8.8M

People

12 listed

NameRoleCompensation

SARAH I LUDWIG

CO-DIR.-12/2023

Board

$176K

40 hrs/wk

DEYANIRA DEL RIO

Executive Dir.

Board

$169K

40 hrs/wk

SHABNAM FARUKI

Secretary

Board

1 hrs/wk

JENNIFER CHING

Vice President

Board

1 hrs/wk

MICHAEL PARTIS

BOARD MEMBER

Board

0.5 hrs/wk

AKILAH BROWNE

Treasurer

Board

1 hrs/wk

BRENDAN MARTIN

BOARD MEMBER

Board

0.5 hrs/wk

LINDA LEVY

BOARD MEMBER

Board

0.5 hrs/wk

AZADEH KHALILI

President

Board

1 hrs/wk

SUSAN SHIN

LEGAL DIRECTOR

Staff

$137K

40 hrs/wk

ANDY MORRISON

ASSOCIATE DIR.

Staff

$127K

40 hrs/wk

GRACE CHUNG

DEVELOPMENT DIR.

Staff

$127K

40 hrs/wk

Grants received

Showing 68 of 68

FromAmountPurposeYear
$475K
POVERTY RELIEF
2024
$100K
CORE SUPPORT FOR THE PUBLIC BANK CAMPAIGN TO BUILD A BROADER BASE OF SUPPORT FOR LOCAL STATE-CHARTERED PUBLIC BANKS AS A MEANS TO ACHIEVE SHARED PROSPERITY AND ECONOMIC SECURITY FOR ALL NEW YORKERS
2024
$73K
SUPPORT FOR NEW YORK CITY COMMUNITY LAND INITIATIVE, A FISCALLY SPONSORED PROJECT OF NEW ECONOMY PROJECT.
2024
$50K
FOR ORGANIZING, COALITION BUILDING, AND POLICY ADVOCACY IN SUPPORT OF COMMUNITY LAND TRUSTS AND TO HELP EXPAND THE SUPPLY OF PERMANENTLY AFFORDABLE HOUSING
2024
$48K
SUPPORT FOR PUBLIC BANK NYC, A FISCALLY SPONSORED PROJECT OF NEW ECONOMY PROJECT.
2024
$46K
PAYMENT FOR FELLOWS
2024
$40K
General operating support
2024
$25K
GENERAL SUPPORT
2024
$25K
SUPPORTING GRANT
2024
$20K
GENERAL OPERATIONS
2024
$10K
FOR CAPACITY BUILDING SUPPORT.
2024
$6K
FINANCIAL JUSTICE PROJECT
2024
$522
General Support
2024
$2.0M
For grant recipient's exempt purposes
2023
$475K
POVERTY RELIEF
2023
$200K
SUBGRANT: PUBLIC BANKING LEGISLATION
2023
$175K
FOR PROGRAM SUPPORT.
2023
$100K
CORE SUPPORT FOR THE PUBLIC BANK CAMPAIGN TO BUILD A BROADER BASE OF SUPPORT FOR LOCAL STATE-CHARTERED PUBLIC BANKS AS A MEANS TO ACHIEVE SHARED PROSPERITY AND ECONOMIC SECURITY FOR ALL NEW YORKERS
2023
$75K
GENERAL OPERATING SUPORT
2023
$48K
SUPPORT FOR COALITION OF GRASSROOTS GROUPS AND ADVOCATES WORKING TO EXPAND DEMOCRATICALLY-CONTROLLED, PERMANENTLY-AFFORDABLE HOUSING AND LAND USE IN NEW YORK CITY.
2023
$26K
PUBLIC, SOCIETAL BENEFIT
2023
$15K
GENERAL CHARITABLE
2023
$8K
PURCHASE OF EQUIPMENT AND FURNISHINGS.
2023
$5K
GENERAL OPERATIONS
2023
$500
General Support
2023
$309
GENERAL SUPPORT
2023
$100
FURTHER 501(C)(3) CHARITABLE PURPOSES
2023
$200K
POVERTY RELIEF
2022
$200K
CORE SUPPORT FOR THE PUBLIC BANK CAMPAIGN TO BUILD A BROADER BASE OF SUPPORT FOR LOCAL STATE-CHARTERED PUBLIC BANKS AS A MEANS TO ACHIEVE SHARED PROSPERITY AND ECONOMIC SECURITY FOR ALL NEW YORKERS
2022
$45K
TO ADVOCATE FOR POLICIES THAT PROTECT NEW YORKERS FROM PREDATORY FINANCIAL PRACTICES AND TO ADVANCE ECONOMIC PRACTICES AND TOOLS THAT ARE ROOTED IN EQUITY.
2022
$40K
General operating support
2022
$40K
GENERAL SUPPORT
2022
$40K
General operating support
2022
$15K
GENERAL CHARITABLE
2022
$10K
FOR SEVERAL ACTIVITIES AND TOOLS NEEDED FOR THE PUBLIC BANKING CAMPAIGN, INCLUDING VISUAL EDUCATIONAL TOOLS, APPLIED RESEARCH, MATERIALS NEEDED FOR ACTIONS, AND MEMBER STIPENDS.
2022
$10K
PURCHASE OF OFFICE EQUIPMENT AND FURNISHINGS.
2022
$5K
GENERAL OPERATIONS
2022
$750
Matching Gift
2022
$500
General Support
2022
$250
COMMUNITY IMPROVEMENT, CAPACITY BUILDING
2021
$200
FURTHER 501(C)(3) CHARITABLE PURPOSES
2021
$200K
GENERAL
2020
$93K
COMMUNITY PRESERVATION AND DEVELOPMENT
2020
$92K
PUBLIC BANK NYC
2020
$76K
For grant recipient's exempt purposes
2020
$71K
PAYMENTS FOR FELLOWS
2020
$50K
New Economy Projects mission is to build an economy that works for all, based on cooperation, equity, social and racial justice, and ecological sustainability.
2020
$40K
TO ADVOCATE FOR POLICIES THAT PROTECT NEW YORKERS FROM PREDATORY FINANCIAL PRACTICES AND TO ADVANCE ECONOMIC PRACTICES AND TOOLS THAT ARE ROOTED IN EQUITY.
2020
$40K
GENERAL SUPPORT
2020
$20K
General operating support
2020
$8K
GENERAL OPERATING SUPPORT
2020
$750
Matching Gift
2020
$500
AN HONORARIUM FOR YOUR WILLINGNESS TO MEET WITH US AND SHARE YOUR EXPERIENCES AS THE CRISIS WAS RAPIDLY UNFOLDING AND UPENDING YOUR WORK. YOUR APPLICATION WILL BE MOVED TO THE JULY 1ST DEADLINE. (SEE LETTER BELOW SENT TO ORGANIZATION 4/23/2020.)
2020
$500
HONORARIUM FOR PARTICIPATION IN A PANEL DISCUSSION AT THE DECEMBER 2, 2020 NYF BOARD MEETING.
2020
$107K
CAPACITY BUILDING
2019
$143K
CAPACITY BUILDING
2018

Funded by

$6.5M from 29 funders · 68 grants · 2018–2024

Fidelity Investments Charitable Gift Fund

$2.1M · 2 grants · 2020–2023

Robin Hood Foundation

$1.4M · 4 grants · 2020–2024

Marty And Dorothy Silverman Foundation

$557K · 5 grants · 2019–2023

The Ford Foundation

$400K · 3 grants · 2022–2024

Enterprise Community Partners Inc

$343K · 3 grants · 2018–2020

New York Foundation

$274K · 9 grants · 2020–2024

Demos A Network For Ideas And Action

$200K · 1 grant · 2023

Bernard F & Alva B Gimbel Foundation

$200K · 4 grants · 2020–2024

Details

EIN133842270
NTEE codeS31
Subsection03
Ruling date1996-04
Formed1995
Employees17
Volunteers7
NEW ECONOMY PROJECT — Mission, Financials & Grants Received | Grantivo