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Nonprofit · EIN 84-1930625

NEW FOOD ECONOMY INC

Tax-exempt · NEW YORK, NY 10016

Financials

$70K$174K2022
Revenue Expenses · by fiscal year end
Financials of NEW FOOD ECONOMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2023990-EZ$69,558$173,836-$104,278$32,048$18,551$13,497
Financial details: 990-EZ for the year ended September 30, 2023

Revenue

Contributions, gifts and grants
$69,520
Membership dues
$32
Investment income
$6

Expenses

Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$85
Professional fees and payments to contractors
$67,744
Other expenses
$106,007
Program services (functional)
$26,396

Balance sheet and other

Total assets, start of year
$131,910
Total assets, end of year
$32,048
Total liabilities, end of year
$18,551
Net assets, end of year
$13,497
Cash, savings and investments
$25,740
Gross receipts
$69,558

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 September 30, 2023, highest compensation first.

NameTitleHours / weekCompensation
GREGORY MUTHDIRECTOR1$0
JEFFREY KITTAYEXECUTIVE DIRECTOR40$0
MYRON BEASLEYDIRECTOR1$0
DOUGLAS PHILLIPSTREASURER & DIRECTOR1$0
BONNIE PORTAPRESIDENT & DIRECTOR1$0

Address and contacts

Address (IRS master file)
270 MADISON AVENUE 16TH FLOOR, NEW YORK, NY 10016-0600
In care of
% MATTHEWS & CO LLP 270 MADISON AVE
Signed the 990-EZ
JEFFREY KITTAY, EXECUTIVE DIRECTOR
Phone
(914) 980-8505
Return prepared by
CITRIN COOPERMAN ADVISORS LLC

Mission

THE NEW FOOD ECONOMY INC. ("THE COUNTER") IS A NON-PROFIT, INDEPENDENT, NONPARTISAN NEWSROOM. THE COUNTER PUBLISHES UNBIASED REPORTING ON THE FORCES SHAPING HOW AND WHAT AMERICA EATS, GOING BEYOND THE GUSTATORY, DELVING INTO THE MONEY, POWER, AND POLITICS BEHIND OUR PLATES.

990-EZ for the year ended September 30, 2023

Program accomplishments

  • THE NEW FOOD ECONOMY INC. ("THE COUNTER") IS A NON-PROFIT, INDEPENDENT, NONPARTISAN NEWSROOM. THE COUNTER PUBLISHES UNBIASED REPORTING ON THE FORCES SHAPING HOW AND WHAT AMERICA EATS, GOING BEYOND THE GUSTATORY, DELVING INTO THE MONEY, POWER, AND POLITICS BEHIND OUR PLATES.
    Expenses $26,396

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026Not on file
2023September 30, 2024February 18, 2025Not on file

IRS record

EIN
84-1930625
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
2019
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$32,048
Income (IRS master file)
$69,558

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZSeptember 2023$69,558$173,836$32,048XML
990September 2022$279,431$5,161,998$131,910IRS
990September 2021–––IRS
990September 2020–––IRS
990September 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 84-1930625).

Questions about NEW FOOD ECONOMY INC

What is the EIN of NEW FOOD ECONOMY INC?
The employer identification number (EIN) of NEW FOOD ECONOMY INC is 84-1930625.
Is NEW FOOD ECONOMY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to NEW FOOD ECONOMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW FOOD ECONOMY 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 FOOD ECONOMY INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW FOOD ECONOMY INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended September 2023.
Who are the officers and directors of NEW FOOD ECONOMY INC?
The 990-EZ for the year ended September 30, 2023 lists 5 people; 0 received compensation from the organization.
How much revenue does NEW FOOD ECONOMY INC have?
On its 990-EZ for the year ended September 30, 2023 it reported revenue of $69,558, expenses of $173,836 and total assets of $32,048 at year end.

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