The New World Foundation FY2021 filing

Tax-deductible

New York, NY501(c)(3)Since 1954Foundations & GrantmakersEIN 13-1919791Revenue $14.6M in FY2021

On file with the IRSnewwf.org627 W End Ave, 10024-1006 · New York, NYTax-exempt since Jun 1959Publicly supported charity — 170(b)(1)(A)(vi)

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To support community activists across america and around the World.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $18.4M a year · 45% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
32
named funders · $5.4M
Looks good: 32 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10.3M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.6M
-67% vs prior year
Spent
$23.7M
To programs
94%
Net assets
$121.5M
By yearFY2020–FY2025
Revenue
$14.6M
FY2021▼ -67%
Tap a bar for its year
Revenue by fiscal year
FY2020$43.8M
FY2021$14.6M
FY2022$12.5M
FY2023$20.3M
FY2024$21.2M
FY2025$132.5M
Expenses
$23.7M
FY2021▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$24.1M
FY2021$23.7M
FY2022$16.1M
FY2023$24.7M
FY2024$25.6M
FY2025$20.2M
Net assets
$121.5M
FY2021▼ -30%
Tap a bar for its year
Net assets by fiscal year
FY2020$173.7M
FY2021$121.5M
FY2022$112.1M
FY2023$110.6M
FY2024$108.9M
FY2025$220.8M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1959.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $22.3M Management & general 5% · $1.2M Fundraising 1% · $163K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$335,547Pt VII · Sec A
Director of the Local Economics Project
$243,171Pt VII · Sec A
Director of Finance & Administration
$176,544Pt VII · Sec A
Program Officer
$171,653Pt VII · Sec A
Program Officer
$131,533Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Colin Greer’s $421K as President is at the 85th percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Colin Greer$420,551$375,540$332,716$334,029$335,547$312,024
Robert Dandrew$252,843$250,543$250,543$243,290$243,171$236,008
Heeten Kalan$221,011$185,587$171,629$164,977$171,653$135,703
Beata Pudelko$215,190$203,164$176,525$182,471$176,544$157,099
Brooke Pickering-Cole—————$215,156
Edward Clevenger—————$171,101
Noah Bernstein$167,789$147,831$141,398$135,905$131,533—
Sarah Brannen—————$140,641

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The New World Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides grants and support to community activists and grassroots organizations to build economic justice, empower workers, and strengthen labor movements.

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Provided by the organization

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3 programs · $8.8M · in their own filed words · FY2020
01

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.

$7.5Mprogram expense
02

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.

$629Kprogram expense
03

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.

$606Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 32 funders →
Grants paid · 523 grants · $29.6M · 2019–2024
Shared Capital CooperativeFY2024$1,500,000
Homeboy IndustriesCA · FY2024$1,500,000
Ica FundCA · FY2024$800,000
Project EquityCA · FY2024$500,000
Jfflabs INCMA · FY2024$500,000
Ica FundCA · FY2024$500,000
Georgetown UniversityDC · FY2024$73,250
Georgetown UniversityDC · FY2024$60,000
Regents Univ of CaliforniaCA · FY2024$50,000
Surj Action INCNY · FY2024$50,000
Resist INCMA · FY2024$50,000
See all 523 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$14.6M
Ln 12
Gifts and grantsLn 1h$9.5M
Investment incomeLn 3$3.3M
Fees for servicesLn 2g$1.8M
Money outPt IX
$23.7M
Ln 25
Programscol B$22.3M
Managementcol C$1.2M
Fundraisingcol D$163K
Owns and owesPt X
$121.5M
net assets · Ln 32
Cash and savingsLn 1–2$13.3M
Total assetsLn 16$131.9M
LiabilitiesLn 26$10.3M
PeoplePt VI, VII
15
listed · VII A
PaidVII A5
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.5M
Noncash giftsLn 1g$4.7M
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$3.3M
Other incomeLn 4–11$16K
Gains on assetsLn 7$1.4M
Total revenueLn 12$14.6M
Assets in detailPt X, end of year
SavingsLn 2$13.3M
Cash and savings togetherLn 1–2$13.3M
InvestmentsLn 11–13$110.1M
Land, buildings, equipmentLn 10c$8.1M
Other assetsLn 15$18K
Total assetsLn 16$131.9M
LiabilitiesLn 26$10.3M
Net assetsLn 32$121.5M
OperationsPt I, VI
EmployeesI 514
VolunteersI 611
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$29.0M$13.3M
InvestmentsLn 11–13$116.7M$110.1M
Land, buildings, equipmentLn 10c$23.7M$8.1M
Total assetsLn 16$187.1M$131.9M
LiabilitiesLn 26$13.4M$10.3M
Net assetsLn 32$173.7M$121.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$9.8M$9.8M
Grants and assistance to foreign recipientsLn 3$22K$22K
Pay of current officers, directors and key staffLn 5$1.0M$904K$72K$23K
Other salaries and wagesLn 7$3.2M$2.9M$229K$74K
Pension plan contributionsLn 8$541K$490K$39K$13K
Other employee benefitsLn 9$1.8M$1.6M$128K$41K
Payroll taxesLn 10$301K$272K$22K$7K
Legal feesLn 11b$416K$347K$69K
Accounting feesLn 11c$64K$63K$1K
Investment management feesLn 11f$140K$140K
Other fees for servicesLn 11g$3.1M$3.1M$77K
Office expensesLn 13$274K$216K$53K$5K
Information technologyLn 14$55K$53K$2K$247
OccupancyLn 16$585K$431K$154K
TravelLn 17$59K$54K$6K
Conferences, conventions and meetingsLn 19$66K$59K$6K
InterestLn 20$148K$148K
Depreciation, depletion and amortizationLn 22$1.0M$991K$57K
InsuranceLn 23$333K$296K$38K
Other expenses (24a–d)Ln 24$758K$756K$2K
Total functional expensesLn 25$23.7M$22.3M$1.2M$163K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $132.5M$20.2M$112.2M$220.8M 990 PDF
FY2024 $21.2M$25.6M−$4.4M$108.9M 990 PDF
FY2023 $20.3M$24.7M−$4.4M$110.6M 990 PDF
FY2022 $12.5M$16.1M−$3.6M$112.1M 990 PDF
FY2021 Viewing $14.6M$23.7M−$9.1M$121.5M 990 PDF
FY2020 $43.8M$24.1M$19.7M$173.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $14,635,341 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,043,503$9,494,920
I-9 Program service revenuePrior year $222,581$1,840,455
I-10 Investment incomePrior year $3,490,197$3,283,678
I-11 Other revenuePrior year $55,791$16,288
I-12 Total revenuePrior year $43,812,072$14,635,341
I-13 Grants and similar amounts paidPrior year $8,406,836$9,838,442
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,232,866$6,771,955
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,443,842$7,085,433
I-18 Total expensesPrior year $24,083,544$23,695,830
I-19 Revenue less expensesPrior year $19,728,528−$9,060,489
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $14,635,341 across 9 lines filed
VIII-1f All other contributions, gifts and grants$9,494,920
VIII-1g Noncash contributions (included above)$4,740,822
VIII-1h Total contributions, gifts and grants$9,494,920
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,840,455$1,840,455
VIII-3 Investment incomeExcluded from tax $1,876,032$1,876,032
VIII-6 Net rental income or lossExcluded from tax $6,800$6,800
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,407,646$1,407,646
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,488$9,488
VIII-12 Total revenueRelated to mission $1,849,943 · Unrelated business $0 · Excluded from tax $3,290,478$14,635,341
Part IX · Statement of functional expenses $23,695,830 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $9,816,092$9,816,092
IX-3 Grants and assistance to foreign recipientsPrograms $22,350$22,350
IX-5 Pay of current officers, directors and key staffPrograms $904,471 · Management $72,453 · Fundraising $23,315$1,000,239
IX-7 Other salaries and wagesPrograms $2,861,553 · Management $229,225 · Fundraising $73,766$3,164,544
IX-8 Pension plan contributionsPrograms $489,552 · Management $39,215 · Fundraising $12,619$541,386
IX-9 Other employee benefitsPrograms $1,596,057 · Management $127,852 · Fundraising $41,144$1,765,053
IX-10 Payroll taxesPrograms $271,939 · Management $21,784 · Fundraising $7,010$300,733
IX-11b Legal feesPrograms $346,663 · Management $69,004$415,667
IX-11c Accounting feesPrograms $62,673 · Management $1,327$64,000
IX-11f Investment management feesManagement $139,703$139,703
IX-11g Other fees for servicesPrograms $3,062,545 · Management $76,684$3,139,229
IX-13 Office expensesPrograms $215,535 · Management $53,167 · Fundraising $5,211$273,913
IX-14 Information technologyPrograms $52,783 · Management $2,026 · Fundraising $247$55,056
IX-16 OccupancyPrograms $430,982 · Management $154,493$585,475
IX-17 TravelPrograms $53,506 · Management $5,776$59,282
IX-19 Conferences, conventions and meetingsPrograms $59,473 · Management $6,421$65,894
IX-20 InterestManagement $147,908$147,908
IX-22 Depreciation, depletion and amortizationPrograms $990,837 · Management $57,029$1,047,866
IX-23 InsurancePrograms $295,747 · Management $37,591$333,338
IX-24 Other expenses (24a–d)Programs $756,360 · Management $1,742$758,102
IX-25 Total functional expensesPrograms $22,289,118 · Management $1,243,400 · Fundraising $163,312$23,695,830
Part X · Balance sheet $131,879,332 assets, 17 lines filed
X-2 Savings and temporary cash investmentsStart of year $28,957,084$13,318,863
X-3 Pledges and grants receivableStart of year $17,073,265$40,000
X-4 Accounts receivableStart of year $419,969$207,309
X-9 Prepaid expenses and deferred chargesStart of year $187,367$82,060
X-10c Land, buildings and equipment, netStart of year $23,682,879$8,127,155
X-11 Publicly traded securitiesStart of year $96,933,435$82,938,971
X-13 Program-related investmentsStart of year $19,786,036$27,147,372
X-15 Other assetsStart of year $17,422$17,602
X-16 Total assetsStart of year $187,057,457$131,879,332
X-17 Accounts payable and accrued expensesStart of year $3,956,705$7,545,068
X-18 Grants payableStart of year $1,000$92,347
X-25 Other liabilitiesStart of year $2,805,786$2,577,450
X-26 Total liabilitiesStart of year $13,397,620$10,344,703
X-27 Net assets without donor restrictionsStart of year $150,253,530$113,566,758
X-28 Net assets with donor restrictionsStart of year $23,406,307$7,967,871
X-32 Total net assets or fund balancesStart of year $173,659,837$121,534,629
X-33 Total liabilities and net assetsStart of year $187,057,457$131,879,332
Part XI · Reconciliation of net assets $121,534,629 net assets at year end
XI-1 Total revenue$14,635,341
XI-2 Total expenses$23,695,830
XI-3 Revenue less expenses−$9,060,489
XI-4 Net assets at start of year$173,659,837
XI-5 Net unrealized gains (losses) on investments$1,653,176
XI-9 Other changes in net assets−$44,717,895
XI-10 Net assets at end of year$121,534,629

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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