New Economy Coalition Inc

Organization Overview

New Economy Coalition Inc is located in Cambridge, MA. The organization was established in 1981. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2021, New Economy Coalition Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Economy Coalition Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, New Economy Coalition Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, New Economy Coalition Inc has awarded 45 individual grants totaling $385,525. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NEW ECONOMY COALITION EXISTS TO SUPPORT A JUST TRANSITION FROM AN EXTRACTIVE TO A REGENERATIVE ECONOMY BY BUILDING THE SCALE AND POWER OF THE SOLIDARITY ECONOMY MOVEMENT IN BLACK, INDIGENOUS, AND WORKING CLASS COMMUNITIES IN EVERY REGION OF THE UNITED STATES

Describe the Organization's Program Activity:

Part 3 - Line 4a

COALITION BUILDING - THE NEW ECONOMY COALITION IS A NETWORK OF ORGANIZATIONS BUILDING A FUTURE WHERE PEOPLE, COMMUNITY AND ECOSYSTEMS THRIVE.BY AMPLIFYING THE STORIES, TOOLS, AND ANALYSIS OF OUR MEMBERS, NEC WORKS TO ADVANCE A COHERENT AND COMPELLING NARRATIVE ABOUT WHAT IT MEANS TO BUILD THE NEXT SYSTEM--IN PART, BY HIGHLIGHTING THE WORK OF THOSE ALREADY DOING SO AT SCALES BOTH LOCAL AND GLOBAL.THE WORD "COALITION" CAN BE USED IN A NUMBER OF DIFFERENT WAYS. FOR NEC, IT MEANS CREATING A NETWORK WHERE NEW ECONOMY ACTIVISTS CAN FIND ONE ANOTHER, LEARN FROM EACH OTHER, AND BUILD THE TRUST NECESSARY TO TAKE BOLD, LARGE-SCALE ACTION TOGETHER.IN ADDITION TO PERIODIC ONLINE AND IN-PERSON GATHERINGS LIKE COMMONBOUND AND NEW ECONOMY WEEK, NEC ALSO WORKS TO HOST ONGOING CONVERSATIONS ON THE ISSUES THAT MATTER AND TO CREATE INFRASTRUCTURE THAT ENABLES DEEPER COLLABORATION.COALITION MEMBERS, DRAWN FROM ACROSS THE US AND CANADA, ARE INVITED TO COME TOGETHER EACH YEAR AT OUR ANNUAL MEETING, TYPICALLY IN THE SUMMER, TO MEET ONE ANOTHER FACE-TO-FACE, HELP SHAPE NEC PROGRAMMING FOR THE COMING YEAR, AND ELECT A PORTION OF NEC'S BOARD OF DIRECTORS.AS A COALITION OF AND BY ITS MEMBERS, NEC IS COMMITTED TO FINDING NEW AND CREATIVE WAYS TO HELP DRIVE THE WORK OF OUR MEMBERS FORWARD. COALITION MEMBERSHIP COMES WITH AN INVITATION TO PROPOSE AND CONVENE NEW VEHICLES FOR EVER DEEPER AND MORE FRUITFUL ENGAGEMENT


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Board, Officers & Key Employees

Name (title)Compensation
Elias Feghali
Comm Dir & Network Organizer
$68,584
Julia Ho
Secretary
$0
Leslie Lindo
President
$0
Kate Poole
Treasurer
$0
Michelle Mascarenhas-Swan
Director
$0
Ed Whitfield
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $128,577
All other contributions, gifts, grants, and similar amounts not included above$1,869,435
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,998,012
Total Program Service Revenue$2,792
Investment income $452
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,011,256

Grants Awarded

Over the last fiscal year, New Economy Coalition Inc has awarded $313,525 in support to 24 organizations.

Grant RecipientAmount

BEAUTIFUL TROUBLE INC

Org PageRecipient Profile

New York, NY

PURPOSE: SUPPORTING GRANT

$50,000

RENEW MISSOURI ADVOCATES INC

Org PageRecipient Profile

Columbia, MO

PURPOSE: SUPPORTING GRANT

$25,500

CLEAN UP THE RIVER ENVIRONMENT INC

Org PageRecipient Profile

Montevideo, MN

PURPOSE: SUPPORTING GRANT

$23,500

KENTUCKY COALITION INC

Org PageRecipient Profile

London, KY

PURPOSE: SUPPORTING GRANT

$17,000

MOUNTAIN ASSOCIATION FOR COMMUNITY ECONOMIC DEVELOPMENT INC

Org PageRecipient Profile

Berea, KY

PURPOSE: SUPPORTING GRANT

$17,000

WESTERN ORGANIZATION OF RESOURCE COUNCILS EDUCATION PROJECT

Org PageRecipient Profile

Billings, MT

PURPOSE: SUPPORTING GRANT

$17,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 12 grants that New Economy Coalition Inc has recieved totaling $1,361,613.

Awarding OrganizationAmount
Novo Foundation

Kingston, NY

PURPOSE: GENERAL SUPPORT

$500,000
Impactassets Inc

Bethesda, MD

PURPOSE: GENERAL SUPPORT

$350,000
Windward Fund

Washington, DC

PURPOSE: ENVIRONMENTAL PROGRAMS

$200,000
Tides Foundation

San Francisco, CA

PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT

$100,000
Women Donors Network

San Francisco, CA

PURPOSE: SUPPORT FOR BLACK SOLIDARITY ECONOMY FUND

$100,000
Jessie Smith Noyes Foundation Inc

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$40,000
View Grant Recipient Profile

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