nonprofit logo

New Economics For Women

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 953969029 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

Overview

What is New Economics For Women?

New Economics For Women, based in Los Angeles, California, is a nonprofit organization that operates two FamilySource Centers (FSCs) to empower thousands of adults, youth, and children. Through these centers, New Economics For Women offers families access to vital resources aimed at stabilizing their economic situation and paving the way for prosperity. In collaboration with the City of Los Angeles, New Economics For Women acts as the lead agency for the FSCs in Canoga Park and Van Nuys. The organization forms partnerships with other community-based entities to provide high-quality services, workshops, and events to families facing low income. The spectrum of services includes case management, employment assistance, legal aid, tax preparation, financial literacy classes, technology workshops, and youth development programs. The focus on behavioral economics enables families to achieve long-term economic mobility and sustained success. New Economics For Women's mission and vision can be found in Schedule O. The organization employs a team of 114 individuals.


Official website here: www.neweconomicsforwomen.org

Is New Economics For Women legitimate?

New Economics For Women is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Economics For Women submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $136,240
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,307,235

For more financial information, click here


Official website here: www.neweconomicsforwomen.org

What is the mission statement of New Economics For Women?

New Economics For Women empowers thousands of adults, youth, and children by providing access to resources that help stabilize and economically empower families. They offer a range of services and workshops through their FamilySource Centers, focusing on increasing family income, housing stability, and economic mobility. These centers offer case management, employment services, legal assistance, financial literacy classes, financial coaching, technology workshops, and youth leadership and college/career readiness activities. Through behavioral economics, New Economics For Women aims to help low-income families achieve true upward economic mobility and sustained success. By partnering with other community-based organizations, they offer a holistic spectrum of anti-poverty services, enabling families to overcome financial challenges and build a better future.


Official website here: www.neweconomicsforwomen.org

Who is the CEO of New Economics For Women?

Magdalena Cervantes is the Board Secre./Pres.(Start 1/22) of New Economics For Women.


Official website here: www.neweconomicsforwomen.org

What is the revenue of New Economics For Women?

New Economics For Women's revenue in 2022 was $12,624,374.


Official website here: www.neweconomicsforwomen.org

Who are the executives of New Economics For Women and what are their salaries?

The average compensation at New Economics For Women during 2022 was $38,978. There are 114 employees and 10 volunteers at New Economics For Women.

Here are 13 key members and their salaries:

    Beatrice Olvera Stotzer (Board Secre./Pres.(Start 1/22)) [Trustee/Director]
  • Compensation: $0
  • Related: $149,957
  • Other: $25,046

    • Magdalena Cervantes (Executive Director)
  • Compensation: $116,422
  • Related: $0
  • Other: $16,240

    • Leticia Andueza (Associate Executive Director)
  • Compensation: $105,000
  • Related: $0
  • Other: $1,100

    • Maria L Garcia (President(End 1/22)/Board Mbr.) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Cheng (Board Mbr./Vice Pres.(Start 1/22)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Trifiletti (Vice President(End 1/22)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stacy Brenner (Board Mbr./Secre.(Start 1/22)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Miguel Escobar (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Belinda Barragan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joan Kradin (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brianna J Mircheff (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nilda Ruiz (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Welton Smith (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.neweconomicsforwomen.org

    Where can I find the form 990 for New Economics For Women?

    The New Economics For Women’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.neweconomicsforwomen.org

    Learn more at the official website: www.neweconomicsforwomen.org

    Mission Statement of New Economics For Women

    New Economics For Women, or NEW, is an organization dedicated to empowering thousands of adults, youth, and children by providing access to resources that help stabilize and economically empower families. Through their two FamilySource Centers (FSCs), NEW forms partnerships with community-based organizations to deliver high-quality services, workshops, and events that aim to increase family income, ensure housing stability, and promote economic mobility.

    At each FamilySource Center, NEW offers a comprehensive range of anti-poverty services designed to address the unique needs of low-income families. These services include case management, employment services, legal assistance, free tax preparation, financial literacy classes, financial coaching, technology workshops, and computer labs. Additionally, NEW focuses on youth leadership and college/career readiness activities to help young people prepare for future opportunities. NEW's innovative approach to behavioral economics provides families with essential tools and resources, enabling them to achieve upward economic mobility and sustained success over time.

    The mission of New Economics For Women can be described as a dedicated commitment to helping families overcome the challenges of poverty and economically disadvantaged situations. By offering a holistic spectrum of services and resources, NEW empowers individuals and families to make informed decisions that positively impact their lives and contribute to their long-term economic stability. Through their collaborative partnerships and community-driven approach, NEW continues to make a significant impact on the lives of those they serve.

    Impact

    This information is meant to be a general summary of New Economics For Women. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    New Economics For Women's impact is significant in empowering thousands of adults, youth, and children to access resources that stabilize and economically empower families. Through its FamilySource Centers in Canoga Park and Van Nuys, NEW works in partnership with the City of Los Angeles to provide a wide range of services aimed at increasing family income, housing stability, and economic mobility. These services include case management, employment assistance, legal services, financial literacy classes, technology workshops, youth leadership programs, and more. By focusing on behavioral economics, NEW helps low-income families build pathways toward sustainable economic success and upward mobility.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $90,185
  • Program Service Revenue: $824,139
  • Gross Receipts: $12,624,374

    • Assets and Liabilities:
  • Total Assets: $44,094,998
  • Total Liabilities: $30,647,784
  • Net Assets: $13,447,214
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Mgmt. & Training fees

    Revenue

    $441,426

    Rental Income

    Revenue

    $374,713

    Parking Income

    Revenue

    $8,000

    Organization Details

    Founding Year

    1984

    Principal Officer

    Magdalena Cervantes

    Main Address

    303 South Loma Drive, Los Angeles, CA, 90017

    NTEE Category

    Code: L210 - Housing

    If you are a representative of New Economics For Women and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.