Nonprofit · EIN 45-2368993
NEW INCENTIVES
Also known as New Incentives
Tax-exempt (reinstated) · COVINA, CA 91723
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,295,787 | $25,825,420 | -$15,529,633 | $89,657,978 | $825,228 | $88,832,750 |
| December 31, 2023 | 990 | $26,514,991 | $22,415,292 | $4,099,699 | $103,532,902 | $606,412 | $102,926,490 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,193,040
- Program service revenue
- $0
- Investment income
- $2,102,747
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $18,000,000
- Compensation of officers, directors and key employees
- $719,024
- Other salaries and wages
- $141,524
- Salaries, compensation and benefits (total)
- $911,482
- Professional fundraising fees
- $0
- Legal fees
- $4,552
- Accounting fees
- $498,134
- Travel
- $3,613
- Program services (functional)
- $24,338,108
- Management and general (functional)
- $1,356,095
- Fundraising (functional)
- $131,217
Balance sheet and other
- Total assets, start of year
- $103,532,902
- Total assets, end of year
- $89,657,978
- Total liabilities, end of year
- $825,228
- Net assets, end of year
- $88,832,750
- Publicly traded securities
- $66,484,946
- Net assets without donor restrictions
- $87,418,473
- Net assets with donor restrictions
- $1,414,277
- Gross receipts
- $10,295,787
- Employees
- 3
- Volunteers
- 4
- Year formed
- 2011
- State of legal domicile
- CA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PRATYUSH AGARWAL | DIRECTOR AND CHIEF OPERATING OFFICER Trustee or director, Officer | 50 | $342,700 | $16,877 |
| SVETHA JANUMPALLI | DIRECTOR AND CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 50 | $342,700 | $16,747 |
| ELIZABETH HIXSON | SR. COMM. & DEV. ASSOCIATE Highest-paid employee | 40 | $141,524 | $9,261 |
| PATRICK PETER STADLER | DIRECTOR AND BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SALINA YEUNG | DIRECTOR AND TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL THOMAS | DIRECTOR AND SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY LENIGER | DIRECTOR (AS OF 09/2024) Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SVETHA JANUMPALLI | DIRECTOR AND CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 50 | $312,200 | $3,600 |
| PRATYUSH AGARWAL | DIRECTOR AND CHIEF OPERATING OFFICER Trustee or director, Officer | 50 | $312,200 | $3,600 |
| PATRICK PETER STADLER | DIRECTOR AND BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| SALINA YEUNG | DIRECTOR AND TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ANNE MARIE FLANAGAN | DIRECTOR AND SECRETARY (UNTIL 9/23) Trustee or director, Officer | 0.5 | $0 | $0 |
| MICHAEL THOMAS | DIRECTOR AND SECRETARY (AS OF 9/23) Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 440 N BARRANCA AVE PMB 6133, COVINA, CA 91723-1722
- In care of
- % SVETHA JANUMPALLI
- Mailing address (990-N for 2013)
- 340 S LEMON AVE 6133, Walnut CA 91789
- Principal officer (990 for 2024)
- SVETHA JANUMPALLI, 440 N BARRANCA AVE PMB 6133, COVINA, CA 917231722
- Principal officer (990-N for 2013)
- Svetha Janumpalli, 340 S LEMON AVE 6133, Walnut CA 91789
- Signed the 990
- SVETHA JANUMPALLI, DIRECTOR & CEO
- Phone
- (415) 797-7639
- Website
- newincentives.org
- Return prepared by
- COHNREZNICK ADVISORY LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 45-2368993 or by the name NEW INCENTIVES.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
SEE SCHEDULE ONEW INCENTIVES IMPLEMENTS EVIDENCE-BASED PROGRAMMING TO SAVE LIVES IN A MANNER THAT DOES THE MOST GOOD PER DOLLAR. WE PROVIDE CASH INCENTIVES TO INCREASE CHILDHOOD VACCINATION RATES.CORE VALUESCAREGIVERS FIRSTINFANTS AND THEIR CAREGIVERS ARE OUR TOP PRIORITY.ACCOUNTABILITYWE VALUE TRANSPARENCY AND SCRUTINY. WE INCORPORATE TRACKING AND VERIFICATION IN ALL OF OUR WORK, AND PROMOTE CRITICAL THINKING AND PROFESSIONAL SKEPTICISM.INTEGRITYWE HAVE ZERO TOLERANCE FOR DISHONESTY. WE ARE GUIDED BY THE PRINCIPLES OF INCORRUPTIBILITY, MERITOCRACY, AND IMPARTIALITY. WE STAND UPON THE MORAL COURAGE OF EACH TEAM MEMBER.PURSUIT OF EXCELLENCEWE BELIEVE IN PURSUING EXCELLENCE BY USING SCIENCE, EVIDENCE, AND DATA TO DRIVE PROGRAM DESIGN AND IMPLEMENTATION. WE MEASURE, TEST AND ITERATE, AND VALUE FEEDBACK LOOPS.
Program accomplishments
- NEW INCENTIVES, VIA ITS NIGERIA-BASED ORGANIZATION, ALL BABIES ARE EQUAL INITIATIVE (ABAE), OPERATED A CONDITIONAL CASH TRANSFER PROGRAM TO INCENTIVIZE MOTHERS (AND OTHER CAREGIVERS) TO VACCINATE THEIR INFANTS ACCORDING TO THE NIGERIAN ROUTINE IMMUNIZATION SCHEDULE TO REDUCE VACCINE-PREVENTABLE DEATHS. NEW INCENTIVES DISBURSED 8,754,280 CASH TRANSFERS TO CAREGIVERS AFTER VERIFYING COMPLETION OF REQUIRED IMMUNIZATIONS AND ENROLLED 1,735,095 CAREGIVERS AND THEIR INFANTS INTO THE CCTS FOR ROUTINE IMMUNIZATIONS PROGRAM.NOTE: THE $18,000,000 UNDER GRANTS PAID BY THE ORGANIZATION IS THE TOTAL OF TRANSFERS FROM NEW INCENTIVES TO ITS FOREIGN-CONTROLLED ENTITY ALL BABIES ARE EQUAL INITIATIVE (ABAE). ABAE DISBURSES GRANTS TO ELIGIBLE PROGRAM PARTICIPANTS ACCORDING TO STRICT ELIGIBILITY CRITERIA AND PROTOCOLS. DETAILED MONITORING IS CARRIED OUT TO ASSESS ADHERENCE TO PROGRAM PROTOCOLS AND CASH TRANSFER DISBURSEMENT POLICIES.IN 2024, NEW INCENTIVES ENROLLED 1,735,095 INFANTS IN THE CCT PROGRAM WITH 498,135 IMMUNIZATION DAYS, AND ARE NOW OPERATING IN 182 LGAS WITH 6,477 CLINICS.Expenses $24,338,108 · grants $18,000,000
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2368993
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $89,657,978
- Income (IRS master file)
- $10,295,787
Revocation and reinstatement
- Exemption revoked
- May 15, 2014
- Posted by the IRS
- August 11, 2014
- Reinstated
- Effective May 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,295,787 | $25,825,420 | $89,657,978 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $26,514,991 | $22,415,292 | $103,532,902 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $80,025,957 | $10,048,327 | $98,742,689 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2013 Officer: Svetha Janumpalli | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 45-2368993).
Questions about NEW INCENTIVES
- What is the EIN of NEW INCENTIVES?
- The employer identification number (EIN) of NEW INCENTIVES is 45-2368993.
- Is NEW INCENTIVES tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2014 and reinstated it effective May 15, 2014.
- Are donations to NEW INCENTIVES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW INCENTIVES 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 INCENTIVES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW INCENTIVES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW INCENTIVES?
- The 990 for the year ended December 31, 2024 names SVETHA JANUMPALLI.
- Who are the officers and directors of NEW INCENTIVES?
- The 990 for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $342,700 (PRATYUSH AGARWAL, DIRECTOR AND CHIEF OPERATING OFFICER).
- How much revenue does NEW INCENTIVES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,295,787, expenses of $25,825,420 and total assets of $89,657,978 at year end.
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All nonprofits in COVINA · California · International, foreign affairs and national security