New Consensus
- Assets
- $561.7k
- Revenue
- $646.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Washington, DC
- Founding
- Data as of
- 12/2021
- EIN
- 82-3053965
Organization Overview
New Consensus is located in Washington, DC. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, New Consensus employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Consensus 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 Consensus generated $646.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $766.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEW CONSENSUS IS A NEW KIND OF PUBLIC EDUCATION AND RESEARCH ORGANIZATION WHOSE MISSION IS TO EDUCATE POLICY MAKERS AND LEADERS ABOUT FUNDAMENTAL ISSUES AND CRAFT COMPREHENSIVE POLICY SOLUTIONS TO MEET AMERICA'S ECONOMIC CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW CONSENSUS DEVELOPED IN-DEPTH POLICY PROPOSALS AND PLANS TO SUPPORT ECONOMIC DEVELOPMENT AND TRANSFORMATION; ORGANIZED A BROAD COALITION OF CLIMATE EXPERTS, ECONOMISTS, BUSINESS LEADERS, UNIONS AND LABOR LEADERS, POLICY LEADERS, AND OTHER EXPERTS AROUND AN EMERGING NEW CONSENSUS IN SUPPORT OF ECONOMIC DEVELOPMENT, AND TRANSFORMATION; AND PRODUCED EDUCATIONAL MATERIAL TO POPULARIZE AND BUILD BROAD PUBLIC SUPPORT FOR THIS NEW CONSENSUS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zack Exley Senior Advisor | 40 | $100,570 | |
Demond Drummer Director, Treasurer, Secretary, Exec Dir | OfficerTrustee | 30 | $82,993 |
Saikat Chakrabarti Director, President | OfficerTrustee | 25 | $0 |
Megan Hernandez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $645,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $645,815 |
| Total Program Service Revenue | $0 |
| Investment income | $349 |
| 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 | $646,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $238,678 |
| Compensation of current officers, directors, key employees. | $13,045 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,974 |
| Pension plan accruals and contributions | $1,176 |
| Other employee benefits | $31,803 |
| Payroll taxes | $33,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $630 |
| Fees for services: Accounting | $14,850 |
| Fees for services: Lobbying | $28,525 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,059 |
| Advertising and promotion | $0 |
| Office expenses | $21,529 |
| Information technology | $10,994 |
| Royalties | $0 |
| Occupancy | $1,627 |
| Travel | $12,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,007 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $766,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $561,651 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $561,651 |
| Accounts payable and accrued expenses | $6,707 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,707 |
| Net assets without donor restrictions | $554,944 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $561,651 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Consensus has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Foundation To Promote Open Society New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Latino Economic Development Corporation Of Washington Dc Washington, DC | $21,296,549 | $55,386,095 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Community Of Hope Inc Washington, DC | $67,233,523 | $40,561,982 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Garrett County Maryland Community Action Committee Inc Oakland, MD | $23,823,939 | $14,024,119 |
Strong City Baltimore Baltimore, MD | $3,607,626 | $14,803,870 |
Visit Baltimore Inc Baltimore, MD | $13,591,522 | $23,022,151 |
Allegany County Human Resources Development Commission Inc Cumberland, MD | $11,830,782 | $13,688,639 |
Fusion Partnerships Inc Baltimore, MD | $7,468,833 | $16,079,107 |