Grantivo is a grant writing platform for nonprofits and grant professionals. It combines funder research with proposal writing and review, so you can look up a funder's giving history, write your proposal, and check it against their requirements before you submit.

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Nonprofits›Newcorp Inc

Community Improvement & Capacity Building

Newcorp Inc

NEW ORLEANS, LA

Website

Total revenue

$2.6M

Total expenses

$1.0M

Net assets

$6.5M

Grants received

$2.0M

15 grants

EIN

721297875

Tax year

2024

Mission

NewCorp, Inc. is a private non-profit 501(C)(3) CDFI that provides financial products and services, technical assistance, training, counseling and advisory services to small/medium, underserved businesses.

Financials

FY 2024

Revenue

Contributions & grants$2.5M

Program service revenue—

Investment income$143K

Other revenue$3K

Total revenue$2.6M

Expenses

Grants paid—

Salaries & benefits$519K

Fundraising—

Other expenses$500K

Total expenses$1.0M

Total assets$12.5M

Net assets$6.5M

People

8 listed

NameRoleCompensation

Vanessa Brown Claiborne

President

Board

—

3 hrs/wk

Angela Obyrne

Treasurer

Board

—

2 hrs/wk

Sheryl Howard

Secretary

Board

—

2 hrs/wk

Monica Edwards

Member

Board

—

2 hrs/wk

Gerald Johnson

Member

Board

—

2 hrs/wk

James Ross

Member

Board

—

2 hrs/wk

Rodderick Miller

Member

Board

—

2 hrs/wk

Vaughn Fauria

Executive Director

Staff

$210K

50 hrs/wk

Independent contractors

Peter Brooks

Loan servicing

$160K

Grants received

Showing 15 of 15

FromAmountPurposeYear

THE KRESGE FOUNDATION

$250K

PROJECT SUPPORT GRANT TO STRENGTHEN THE COMMUNITY AND ECONOMIC DEVELOPMENT SECTOR AND INCREASE ECONOMIC MOBILITY AND THE STABILITY OF RESIDENTS IN NEW ORLEANS.

2024

JPMORGAN CHASE FOUNDATION

$175K

IN SUPPORT OF NEIGHBORHOOD REVITALIZATION

2024

TIDES FOUNDATION

$30K

EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT

2024

NOLA BUSINESS ALLIANCE

$110K

DEVELOPMENT

2023

THE KRESGE FOUNDATION

$200K

THIS GRANT PROVIDES GENERAL OPERATING SUPPORT TO NEWCORP, INC. TO EVOLVE FROM A TRANSACTIONAL LOAN FUND TO BECOMING A TRUE DRIVER OF ECONOMIC DEVELOPMENT FOR UNDERSERVED COMMUNITIES IN NEW ORLEANS, AS PART OF THE FOUNDATIONS RACIAL JUSTICE RESPONSE PLAN. THIS GRANT FALLS UNDER THE COMMUNITY ECONOMICS STRATEGY WHICH AIMS TO BUILD AN ECOLOGY THAT SUPPORTS SMALL BUSINESSES OWNED BY PEOPLE OF COLOR IN KRESGES FOCUS CITIES.

2022

JPMORGAN CHASE FOUNDATION

$175K

IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION

2022

OPPORTUNITY FINANCE NETWORK

$150K

2022 RENEWABLE ENERGY EFFICIENT GRANT

2022

NOLA BUSINESS ALLIANCE

$110K

DEVELOPMENT

2022

ENTERPRISE COMMUNITY PARTNERS INC

$50K

COMMUNITY DEVELOPMENT FUND

2022

THE KRESGE FOUNDATION

$260K

2020

THE GREATER NEW ORLEANS FOUNDATION

$111K

ECONOMIC DEVELOPMENT

2020

UNITED WAY OF SOUTHEAST LOUISIANA

$35K

GRANT FUNDING

2020

BLUE CROSS & BLUE SHIELD OF

$25K

FAMILIES FOR FAMILIES HOUSING ASSISTANCE FUND

2020

WK Kellogg Foundation

$275K

increase the capacity of small businesses owned by people of color in New Orleans through technical assistance, training, counseling and advisory services and increasing access to affordable capital

2019

ROBERT RAUSCHENBERG FOUNDATION

$3K

3 YEAR SEED GRANT FISCAL SPONSOR FOR THE NEW ORLEANS MARDI GRAS INDIAN COOPERATIVE 5/01/16-4/30/19

2019