New Economics For Women

Organization Overview

New Economics For Women is located in Los Angeles, CA. The organization was established in 1985. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, New Economics For Women employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Economics For Women 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 06/2021, New Economics For Women generated $7.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $6.4m during the year ending 06/2021. While expenses have increased by 5.3% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FAMILYSOURCE CENTERS: THROUGH NEW'S TWO FAMILYSOURCE CENTERS (FSCS), NEW EMPOWERS THOUSANDS OF ADULTS, YOUTH, AND CHILDREN TO PROVIDE ACCESS TO RESOURCES TO STABILIZE AND ECONOMICALLY EMPOWER FAMILIES, AND ASSIST IN THEIR DEVELOPMENT OF PATHWAYS TOWARD ECONOMIC PROSPERITY. IN PARTNERSHIP WITH THE CITY OF LOS ANGELES, NEW ACTS AS THE LEAD AGENCY FOR FSCS LOCATED IN THE CANOGA PARK AND VAN NUYS COMMUNITIES OF LOS ANGELES. AT EACH SITE, NEW'S PARTNERSHIPS WITH OTHER COMMUNITY-BASED TO PROVIDE LOW-INCOME FAMILIES WITH HIGH QUALITY SERVICES, WORKSHOPS AND EVENTS TO ENABLE INCREASES TO FAMILY INCOME, HOUSING STABILITY, AND ECONOMIC MOBILITY. FAMILIES ENROLLED IN THE FSCS CAN ACCESS A HOLISTIC SPECTRUM OF ANTI-POVERTY SERVICES INCLUDING CASE MANAGEMENT, EMPLOYMENT SERVICES, LEGAL SERVICES, FREE TAX PREPARATION, FINANCIAL LITERACY CLASSES, FINANCIAL COACHES, TECHNOLOGY WORKSHOPS AND COMPUTER LABS, YOUTH LEADERSHIP AND COLLEGE/CAREER READINESS ACTIVITIES, AND MANY MORE. NEW'S FOCUS ON BEHAVIORAL ECONOMICS HELPS TO PROVIDE INROADS FOR LOW-INCOME FAMILIES TO ACHIEVE TRUE UPWARD ECONOMIC MOBILITY AND SUSTAINED SUCCESS OVER TIME.


WOMEN'S BUSINESS CENTER: NEW'S SBA WOMEN'S BUSINESS CENTER (WBC) PROGRAM HELPS ASPIRING ENTREPRENEURS RECEIVE THE MOTIVATIONAL SUPPORT, EDUCATION AND PRACTICAL TOOLS THEY NEED TO TRANSFORM THEIR PERSONAL PASSION INTO A THRIVING SMALL BUSINESS. THESE SMALL BUSINESS UPSTARTS WORK TO PROVIDE ECONOMIC MOBILITY ACCELERATORS TO EACH OWNER, WHILE SPURRING JOB GROWTH AND ECONOMIC STABILITY FOR THE EMPLOYEES AND AREAS SERVED BY THESE POWERFUL SMALL BUSINESSES. WBC IS PART OF A THRIVING INTERCONNECTED ECOSYSTEM OF SERVICES DESIGNED TO SPAR ECONOMIC MOBILITY IN FAMILIES. WBC HAS PROVIDED THOUSANDS OF PARTICIPANTS WITH HIGH QUALITY RESOURCES FOR BUSINESS DEVELOPMENT, BOTH IN PERSON AND VIRTUALLY, WITH AN EMPHASIS ON SPANISH AND ARMENIAN LANGUAGE RESOURCES, DUE TO THE NEEDS OF THE LOCAL COMMUNITY IN THE CANOGA PARK AREA OF LOS ANGELES. EDUCATIONAL WORKSHOPS LED BY INDUSTRY PROFESSIONALS ARE OFFERED TO PARTICIPANTS, ADDRESSING TOPICS FROM FINANCE TO SOCIAL MEDIA MARKETING TO EMOTIONAL RESILIENCE, AND SPECIFIC PROGRAMS HAVE BEEN DEVELOPED TO ADDRESS FASHION AND RESTAURANT INDUSTRIES. FAST-PACED INNOVATION AND STRATEGIC USE OF TECHNOLOGY HAS BECOME A HALLMARK OF THE WBC PROGRAM, AND ITS MARKETING TO WOMEN AND BIPOC ENTREPRENEURS, AND RESPONSIVENESS TO ALL CLIENT NEEDS FOR CURRICULUM AND EVENT DEVELOPMENT, HAS MADE THIS ONE OF NEW'S MOST POWERFUL TOOLS FOR THE ECONOMIC MOBILITY OF ITS CLIENTS.


LEARNING CENTERS: NEW'S LEARNING CENTERS EMPOWER STUDENTS AND THEIR FAMILIES TO BUILD A FOUNDATION FOR ACADEMIC SUCCESS BY ELEVATING THEIR ASPIRATIONS AND EQUIPPING THEM WITH THE KNOWLEDGE THEY NEED TO CONFIDENTLY SUCCEED AS STUDENTS OF THE WORLD. WITH OVER 220 STUDENTS ENROLLED IN THE PICO-UNION AND CANOGA PARK AREAS OF LOS ANGELES, NEW PROVIDES YEAR-ROUND PERSONALIZED HOMEWORK SUPPORT, A ROTATING SELECTION OF ENRICHMENT COURSES, SUMMER AND WINDER DAY CAMPS, HOLIDAY EVENTS, COMMUNITY CLEAN-UPS, AND A BROAD ARRAY OF SPECIALTY PROGRAMS MADE POSSIBLE THOROUGH PARTNERSHIPS WITH VARIOUS OTHER ORGANIZATIONS DEDICATED TO ACADEMIC SUCCESS. OUR STAFF EMPOWERS STUDENTS TO EMBRACE THEIR CURIOSITY AND LOVE OF LEARNING, AND GIVES PARENTS THE RESOURCES TO ACTIVELY AND CONFIDENTLY SUPPORT THEIR CHILDREN'S EDUCATIONAL GOALS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Allsafe It Llc
It
$118,134
Walton Construction Inc
General Contractor
$362,910
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,935,195
All other contributions, gifts, grants, and similar amounts not included above$2,868,760
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,803,955
Total Program Service Revenue$615,795
Investment income $68,296
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 $7,599,995

Grants Recieved

Over the last fiscal year, we have identified 15 grants that New Economics For Women has recieved totaling $889,005.

Awarding OrganizationAmount
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION

$200,000
L A Family Housing Corporation

North Hollywood, CA

PURPOSE: HOMELESS SHELTER

$191,883
Los Angeles Medical Center Foundation

Los Angeles, CA

PURPOSE: IMPROVE HOUSING, ECONOMICAL, SOCIAL, HEALTH AND WELLNESS OF RESIDENTS OF THE CITY OF LOS ANGELES

$166,667
Perlman Family Foundation

Sherman Oaks, CA

PURPOSE: ANGEL FUND

$85,000
National Association For Latino Community Asset Builders

San Antonio, TX

PURPOSE: Small Business

$60,000
Ralph M Parsons Foundation

Los Angeles, CA

PURPOSE: FOR GENERAL SUPPORT OF HOUSING AND SERVICES FOR LOW-INCOME WOMEN AND THEIR FAMILIES

$50,000
View Grant Recipient Profile

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