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
87 cents of each dollar spent went to programs.
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
17 people listed on the 990; $1.5M paid to officers and key staff.
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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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.
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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.
Questions for The New World Foundation
Your first name shows with your question. The New World Foundation answers here, for everyone.
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Quality Jobs Fund
The quality jobs fund is a major initiative to enhance community wealth and the potential of working families by seeding sustainable long-term community wellbeing programs in distressed communities of arizona, california and nevada. Our goal: to address the problems of inequality through quality job expansion and skill development.
Local economies project & partners for climate action hudson valley 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.
Phx
Phoenix fund at NWF was established in 1996 and is dedicated to empowering U.S. Workers and their rights through strong unions. Through the phoenix fund grantmaking program, we are investing in frontline organizations and collaborations that are building economic justice movements from the bottom up.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.9M | $108.2M |
| InvestmentsLn 11–13 | $99.9M | $111.1M |
| Land, buildings, equipmentLn 10c | $12.5M | $12.3M |
| Total assetsLn 16 | $122.0M | $233.3M |
| LiabilitiesLn 26 | $13.1M | $12.5M |
| Net assetsLn 32 | $108.9M | $220.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $12.7M | $12.7M | ||
| Grants to domestic individualsLn 2 | $43K | $43K | ||
| Grants and assistance to foreign recipientsLn 3 | $80K | $80K | ||
| Pay of current officers, directors and key staffLn 5 | $1.6M | $871K | $614K | $121K |
| Other salaries and wagesLn 7 | $717K | $389K | $274K | $54K |
| Pension plan contributionsLn 8 | $147K | $80K | $56K | $11K |
| Other employee benefitsLn 9 | $692K | $375K | $264K | $52K |
| Payroll taxesLn 10 | $135K | $73K | $52K | $10K |
| Legal feesLn 11b | $147K | $101K | $46K | |
| Accounting feesLn 11c | $49K | $49K | ||
| Investment management feesLn 11f | $112K | $112K | ||
| Other fees for servicesLn 11g | $2.4M | $2.4M | $23K | |
| Office expensesLn 13 | $227K | $158K | $61K | $9K |
| Information technologyLn 14 | $50K | $39K | $8K | $4K |
| OccupancyLn 16 | $146K | $55K | $91K | |
| TravelLn 17 | $295K | $237K | $58K | |
| InterestLn 20 | $324K | $324K | ||
| Depreciation, depletion and amortizationLn 22 | $226K | $226K | ||
| InsuranceLn 23 | $70K | $4K | $65K | |
| Other expenses (24a–d)Ln 24 | $39K | $36K | $4K | |
| Total functional expensesLn 25 | $20.2M | $17.7M | $2.3M | $261K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $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 | $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
See the full FY2025 990 (6 parts)
Part I · Summary $132,467,640 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $132,467,640 across 8 lines filed
Part IX · Statement of functional expenses $20,241,369 across 20 lines filed
Part X · Balance sheet $233,300,979 assets, 19 lines filed
Part XI · Reconciliation of net assets $220,829,502 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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