2025-05-15T12:16:55-05:00 2024-06-30 582487348 Aprio Advisory Group LLC 111 Rockville Pike Suite 600 Rockville MD 20850 990 2023-07-01 953969029 New Economics for Women NEWE 2134832060 303 South Loma Drive Los Angeles CA 90017 Leticia Andueza CEO 2134832060 2025-05-13 1 1 Stacy Cullen P00974308 3012316200 2025-05-13 2023 2025-03-06 01:10:19Z Leticia Andueza 303 South Loma Drive Los Angeles CA 90017 9167902 0 X www.neweconomicsforwomen.org X 1984 CA To empower generations of under-resourced women and their families to thrive. 12 12 128 85 0 0 9253748 8419464 1082669 644021 102372 99545 6678 4685 10445467 9167715 833179 530000 0 0 6093817 6243170 6000 0 253222 5491090 4608929 12424086 11382099 -1978619 -2214384 58697263 44472456 44594679 35115557 14102584 9356899 X New Economics for Women helps women from underserved communities in Southern California pave the way to peace of mind, prosperity and promise by providing an unrivaled level of comprehensive, personalized support, access to a continuum of resources and by building intentional communities where families receive everything they need so that they can thrive. 0 0 9199540 530000 648893 Family Source Centers: Trough NEW's two Family Source Centers, 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 Family Source Centers 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 can access holistic spectrum of anti-poverty services including case management, employment services, legal services, free tax preparation, and financial literacy. Women's Business Center: NEW's SBA Women's Business Center 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. The Women's Business Center is part of a thriving interconnected ecosystem of services designed to spur economic mobility in families. The Women's Business Center 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. 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 265 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 winter day camps, holiday events, community clean-ups, and a broad array of specialty programs made possible through 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. 9199540 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 118 0 1 128 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X Menchu Ituralde Controller 2134832060 303 S Loma Drive Los Angeles CA 90017 Beatriz Olvera Stotzer President 10.00 40.00 X 149796 0 0 Andrew Cheng Vice President 2.00 X X 0 0 0 Belinda Barragan Secretary 2.00 X X 0 0 0 Miguel Escobar Treasurer 2.00 X X 0 0 0 Stacey Brenner Board Member 2.00 X 0 0 0 Joan Kradin Board Member 2.00 X 0 0 0 Robert Morales Board Member 2.00 X 0 0 0 Christina Sanchez Board Member 2.00 X 0 0 0 Maria L Garcia Board Member 2.00 X 0 0 0 Antonio Manning Board Member 2.00 X 0 0 0 Nilda Ruiz Board Member 2.00 X 0 0 0 Welton Smith Board Member 2.00 X 0 0 0 Magdalena Cervantes Executive Director 40.00 X 135000 0 21600 Leticia Andueza Associate Executive Director 40.00 X 125000 0 20000 Carmen Luna Program Director 40.00 X 113333 0 18133 Yesenia Medina Program Director 40.00 X 110034 0 17605 Ruth Garcia-Corrales Program Director 40.00 X 104428 0 16708 737591 0 94046 6 0 1 0 0 78780 6083032 2257652 8419464 Rental Income 531390 420902 420902 Management & Training 611430 220119 220119 Parking Income 812930 3000 3000 644021 99545 99545 0 78780 187 -187 -187 Other Income 900099 4872 4872 4872 9167715 648893 0 99358 X 530000 530000 737591 427009 310582 4628277 4421877 206400 413050 397354 5783 9913 464252 446597 6409 11246 78131 28481 49650 74598 44598 30000 2021916 1539801 467372 14743 22598 21447 1151 10269 6067 4199 3 192010 156086 34828 1096 276977 256057 20920 43223 36617 6606 131570 57542 74028 345016 345016 138696 138696 131503 133857 -5329 2975 Supplies 216118 176614 39444 60 ADP Payroll Services 174635 144560 23815 6260 Telephone 160008 75400 84172 436 Community Events 144581 109464 35117 447080 190112 256878 90 11382099 9199540 1929337 253222 3263478 978273 18842 975628 2082706 2129041 248813 15688416 14306774 93506 41448 6663485 2595008 14914978 4068477 8225322 8075672 13388052 14670293 58697263 44472456 1070276 1027838 22408925 14290932 8448216 6990368 12667262 12806419 44594679 35115557 X 11554819 6809134 2547765 2547765 14102584 9356899 58697263 44472456 -2214384 -2531301 0 X X 0 0 1 0 X 3693441 6803955 11674571 9253748 8419464 39845179 3693441 6803955 11674571 9253748 8419464 39845179 39845179 65822 68296 90185 102372 99545 426220 35609 111949 35479 6678 4872 194587 40465986 0.98470 0.98340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 909000 909000 5550403 2386999 3163404 204082 208009 -3927 4068477 Investments in Affiliates 7080554 C Investments in Subsidiaries 995118 C 8075672 Deferred Dev Fee 578632 Due from Affiliates 499127 Interest Receivable 11898824 ERC Receivable 1137412 Other Assets 29529 Right-of-Use Assets - Operating Leasese 526769 14670293 Accured Interest 11056766 Tenant Deposits 45977 Pass Through Internal Tracking 69445 Right of Use Assets 549167 Due from Affiliates 1085064 12806419 X Part X, Line 2: NEW is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by and organization in its tax return that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by NEW in its federal and state exempt organization tax returns are more likely than not to be sustained upon examination. NEW's returns are subject to examination by federal and state taxing authorities, genrally for three and four years, respecitvely, after they are filed. NEW's wholly-owned subsidiaries, NEWCapital, LCB Enterprises, LLC, Socos Maintenance and Janitorial Services, MCB LLC, Bendecidos San Fernando LLC, and Aguas Claras LLC are required to file State Income Tax Returns. Legacy of Family 78780 78780 187 78780 78780 187 187 -187 1 Emergency Assistance 64 530000 Emergency Assistance 0 0 0 0 0 0 0 0 0 Magdalena Cervantes Executive Director 135000 0 0 0 0 0 0 0 21600 0 156600 0 111490 0 Form 990, Part VI, Section B, line 11b The Controller, Executive Director, Board Chairperson, and Audit Committee Chairperson review the Form 990 if no change is needed, the entire Board of Directors then review the Form 990 prior to filing. Form 990, Part VI, Section B, line 12c The organization conducts management meetings as needed to discuss issues within the organization that could trigger potential conflict of interest. Form 990, Part VI, Section B, line 15a The Executive Director's salary is determined by the Board of Directors based upon the Southern California Wage and Benefits survey prepared by the Center for Nonprofit Management, as well as an evaluation of education, experience, and other pertinent factors as determined by the Board to compute Executive compensation. Question l5 (b) Part VI has been answered "no" as there were no officers or key employees as defined by the IRS in Form 990 instructions that meet this criteria. Form 990, Part VI, Section C, line 19 The organization's governing documents, policies, and financial statements are available for inspection upon request at NewEconomics for Women's office located at 303 S. Loma Drive, Los Angeles, CA 90017. Form 990, Part IX, line 11g Support Services: Program service expenses 307,376. Management and general expenses 54. Fundraising expenses 0. Total expenses 307,430. Other Professional Fees: Program service expenses 338,298. Management and general expenses 443,123. Fundraising expenses 9,639. Total expenses 791,060. Outside Services: Program service expenses 894,127. Management and general expenses 24,195. Fundraising expenses 5,104. Total expenses 923,426. Form 990, Part XII, Line 2c: No change from prior year. SOCOS Maintenance and Janitorial Services 303 S Loma Drive Los Angeles CA 90017 271944135 Provide maintenance services for new affordable housing CA -136097 New Economics for Women MCB LLC 303 S Loma Drive Los Angeles CA 90017 203621096 Holding company for NSP2 Real Properties CA -12601 New Economics for Women LCB Enterprises LLC 303 S Loma Drive Los Angeles CA 90017 954837278 Single purpose entity, holding company for real estate development. CA 55674 1222810 New Economics for Women Aguas Claras LLC 303 S Loma Drive Los Angeles CA 90017 463691642 Single purpose entity, holding company for real estate development. CA 2607 New Economics for Women New Community Investments LLC 303 S Loma Drive Los Angeles CA 90017 824456218 Make investments that lead to economic mobility and alleviate poverty CA -1222628 2424 New Economics for Women Yolanda Property LLC 303 S Loma Drive Los Angeles CA 90017 922344787 Real estate commercial renting CA 1431613 1738403 New Economics for Women 27th and San Pedro LLC 303 S Loma Drive Los Angeles CA 90017 922754632 Real estate holding company CA -10725 177236 New Economics for Women New Capital LLC 303 S Loma Drive Los Angeles CA 90017 954546100 Property management for low-income housing CA N/A Related 236232 2138958 0 1 0.97500 Bendecidos San Fernando LLC 303 S Loma Drive Los Angeles CA 90017 Single purpose entity, holding company for real estate development CA New Economics for Women S 27939 0.75000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0