Nonprofit · EIN 23-7029777
NEW COMMUNITIES FOUNDATION INC
Tax-exempt · NEWARK, NJ 07103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990-EZ | $40,252 | $40,252 | $0 | $0 | $0 | $0 |
| May 31, 2024 | 990-EZ | $39,221 | $39,221 | $0 | $0 | $0 | $0 |
Financial details: 990-EZ for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $72,795
- Net income from fundraising events
- -$32,543
Expenses
- Grants and similar amounts paid
- $38,763
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $1,250
- Other expenses
- $239
- Program services (functional)
- $40,252
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $0
- Gross receipts
- $72,795
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEWTON M RICHARDS | SECRETARY | 1 | $0 |
| BARRY BAKER | BOARD MEMBER | 1 | $0 |
| MADGE WILSON | Emerita | 40 | $0 |
| MIGDALIA MARTINEZ | BOARD MEMBER | 1 | $0 |
| ELIZABETH MBAKAYA | CFO | 40 | $0 |
| FERNANDO COLON | BOARD MEMBER | 1 | $0 |
| DIANE JOHNSON | BOARD MEMBER | 1 | $0 |
| ANTHONY MARCHETTA | BOARD MEMBER | 1 | $0 |
| JEROME ST JOHN | BOARD MEMBER | 1 | $0 |
| SIMONE GAGNERONE | CEO | 40 | $0 |
| EDGAR NEMORIN | Interim Chairman/TREASURER | 1 | $0 |
990-EZ for the year ended May 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEWTON M RICHARDS | SECRETARY | 1 | $0 |
| DR ZACHARY YAMBA | PRESIDENT | 1 | $0 |
| BARRY BAKER | BOARD MEMBER | 1 | $0 |
| MADGE WILSON | BOARD MEMBER | 40 | $0 |
| MIGDALIA MARTINEZ | BOARD MEMBER | 1 | $0 |
| ELIZABETH MBAKAYA | CFO | 40 | $0 |
| FERNANDO COLON | BOARD MEMBER | 1 | $0 |
| DIANE JOHNSON | BOARD MEMBER | 1 | $0 |
| ANTHONY MARCHETTA | BOARD MEMBER | 1 | $0 |
| JEROME ST JOHN | BOARD MEMBER | 1 | $0 |
| INGRID RASMUSSEN | BOARD MEMBER | 1 | $0 |
| SIMONE GAGNERONE | CEO | 40 | $0 |
| EDGAR NEMORIN | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 233 W MARKET ST, NEWARK, NJ 07103-2713
- In care of
- % ELIZABETH MBAKAYA
- Signed the 990-EZ
- ELIZABETH MBAKAYA, CFO
- Phone
- (732) 623-2800
- Website
- WWW.NEWCOMMUNITY.ORG
- Return prepared by
- WithumSmithBrown PC
Mission
PROGRAMS DEVELOPED TO ASSIST THE NEEDS OF LOW INCOME FAMILIES IN CENTRAL WARD OF NEWARK, NEW JERSEY.
Program accomplishments
- PROGRAMS DEVELOPED TO AID CHILDREN OF LOW INCOME FAMILIES IN RECREATIONAL AND EDUCATIONAL NEEDS.Expenses $40,252 · grants $38,763
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-EZ on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 23-7029777
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1969
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1
- Income (IRS master file)
- $72,795
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | May 2025 | $40,252 | $40,252 | $0 | XML |
| 990-EZ | May 2024 | $39,221 | $39,221 | $0 | XML |
| 990-EZ | May 2023 | – | – | – | IRS |
| 990-EZ | May 2022 | – | – | – | IRS |
| 990-EZ | May 2021 | – | – | – | IRS |
| 990-EZ | May 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7029777).
Questions about NEW COMMUNITIES FOUNDATION INC
- What is the EIN of NEW COMMUNITIES FOUNDATION INC?
- The employer identification number (EIN) of NEW COMMUNITIES FOUNDATION INC is 23-7029777.
- Is NEW COMMUNITIES FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to NEW COMMUNITIES FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does NEW COMMUNITIES FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW COMMUNITIES FOUNDATION INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW COMMUNITIES FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended May 2025.
- Who are the officers and directors of NEW COMMUNITIES FOUNDATION INC?
- The 990-EZ for the year ended May 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does NEW COMMUNITIES FOUNDATION INC have?
- On its 990-EZ for the year ended May 31, 2025 it reported revenue of $40,252, expenses of $40,252 and total assets of $0 at year end.
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