2025-10-31T11:19:45-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2024-01-01 452368993 NEW INCENTIVES NEWI 4157977639 440 N BARRANCA AVE PMB 6133 COVINA CA 917231722 SVETHA JANUMPALLI DIRECTOR & CEO 4157977639 2025-10-31 1 1 JOLANTA TUCK P01340068 9164429100 2025-10-30 2024 2025-03-06 01:10:19Z SVETHA JANUMPALLI 440 N BARRANCA AVE PMB 6133 COVINA CA 917231722 10295787 0 X NEWINCENTIVES.ORG X 2011 CA IMPLEMENT EVIDENCE-BASED PROGRAMMING TO SAVE LIVES IN A MANNER THAT DOES THE MOST GOOD PER DOLLAR. WE PROVIDE CASH INCENTIVES TO INCREASE CHILDHOOD VACCINATION RATES. 6 4 3 4 0 0 24325117 8193040 0 0 2189874 2102747 0 0 26514991 10295787 17644117 18000000 0 0 798429 911482 0 0 131217 3972746 6913938 22415292 25825420 4099699 -15529633 103532902 89657978 606412 825228 102926490 88832750 X SEE SCHEDULE ONEW INCENTIVES IMPLEMENTS EVIDENCE-BASED PROGRAMMING TO SAVE LIVES IN A MANNER THAT DOES THE MOST GOOD PER DOLLAR. WE PROVIDE CASH INCENTIVES TO INCREASE CHILDHOOD VACCINATION RATES.CORE VALUESCAREGIVERS FIRSTINFANTS AND THEIR CAREGIVERS ARE OUR TOP PRIORITY.ACCOUNTABILITYWE VALUE TRANSPARENCY AND SCRUTINY. WE INCORPORATE TRACKING AND VERIFICATION IN ALL OF OUR WORK, AND PROMOTE CRITICAL THINKING AND PROFESSIONAL SKEPTICISM.INTEGRITYWE HAVE ZERO TOLERANCE FOR DISHONESTY. WE ARE GUIDED BY THE PRINCIPLES OF INCORRUPTIBILITY, MERITOCRACY, AND IMPARTIALITY. WE STAND UPON THE MORAL COURAGE OF EACH TEAM MEMBER.PURSUIT OF EXCELLENCEWE BELIEVE IN PURSUING EXCELLENCE BY USING SCIENCE, EVIDENCE, AND DATA TO DRIVE PROGRAM DESIGN AND IMPLEMENTATION. WE MEASURE, TEST AND ITERATE, AND VALUE FEEDBACK LOOPS. 0 0 24338108 18000000 0 NEW INCENTIVES, VIA ITS NIGERIA-BASED ORGANIZATION, ALL BABIES ARE EQUAL INITIATIVE (ABAE), OPERATED A CONDITIONAL CASH TRANSFER PROGRAM TO INCENTIVIZE MOTHERS (AND OTHER CAREGIVERS) TO VACCINATE THEIR INFANTS ACCORDING TO THE NIGERIAN ROUTINE IMMUNIZATION SCHEDULE TO REDUCE VACCINE-PREVENTABLE DEATHS. NEW INCENTIVES DISBURSED 8,754,280 CASH TRANSFERS TO CAREGIVERS AFTER VERIFYING COMPLETION OF REQUIRED IMMUNIZATIONS AND ENROLLED 1,735,095 CAREGIVERS AND THEIR INFANTS INTO THE CCTS FOR ROUTINE IMMUNIZATIONS PROGRAM.NOTE: THE $18,000,000 UNDER GRANTS PAID BY THE ORGANIZATION IS THE TOTAL OF TRANSFERS FROM NEW INCENTIVES TO ITS FOREIGN-CONTROLLED ENTITY ALL BABIES ARE EQUAL INITIATIVE (ABAE). ABAE DISBURSES GRANTS TO ELIGIBLE PROGRAM PARTICIPANTS ACCORDING TO STRICT ELIGIBILITY CRITERIA AND PROTOCOLS. DETAILED MONITORING IS CARRIED OUT TO ASSESS ADHERENCE TO PROGRAM PROTOCOLS AND CASH TRANSFER DISBURSEMENT POLICIES.IN 2024, NEW INCENTIVES ENROLLED 1,735,095 INFANTS IN THE CCT PROGRAM WITH 498,135 IMMUNIZATION DAYS, AND ARE NOW OPERATING IN 182 LGAS WITH 6,477 CLINICS. 24338108 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 5 0 1 3 1 0 1 NI 0 0 0 0 0 0 0 0 0 0 X 6 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA DC FL KY NV MA MN NJ PA NY RI WA SC X X SVETHA JANUMPALLI 4157977639 440 N BARRANCA AVE PMB 6133 COVINA CA 917231722 PRATYUSH AGARWAL DIRECTOR AND CHIEF OPERATING OFFICER 50.00 X X 342700 0 16877 SVETHA JANUMPALLI DIRECTOR AND CHIEF EXECUTIVE OFFICER 50.00 X X 342700 0 16747 ELIZABETH HIXSON SR. COMM. & DEV. ASSOCIATE 40.00 X 141524 0 9261 PATRICK PETER STADLER DIRECTOR AND BOARD CHAIR 2.00 X X 0 0 0 SALINA YEUNG DIRECTOR AND TREASURER 2.00 X X 0 0 0 MICHAEL THOMAS DIRECTOR AND SECRETARY 2.00 X X 0 0 0 JEFFREY LENIGER DIRECTOR (AS OF 09/2024) 2.00 X 0 0 0 826924 0 42885 3 0 1 0 RIGHT ANGLE SOLUTIONS 4/872/1 VELLIYAM PALAYAM KODUVAI TAMIL NADU IN 638660 IT, DEVELOPMENT, AND DATA SERVICES 1021316 UNIVERSAL OUTSOURCING SOLUTIONS 1ST FL DRNO 13-111 MIG-338 PM VISAKHAPATNAM ANDHRA PRADESH IN 530041 DATA SERVICES 615875 2 8193040 8193040 2102747 2102747 10295787 0 0 2102747 X 18000000 18000000 719024 377510 215694 125820 141524 42457 99067 9262 2779 6483 41672 19443 16832 5397 4552 4552 498134 222112 276022 182228 182228 4127861 3811086 316775 18347 18347 195324 195324 3613 3613 21158 21158 PROGRAM EXPENSES 1694569 1694569 RESEARCH 168152 168152 25825420 24338108 1356095 131217 10224321 6446681 19150794 14954023 4558988 115001 352057 1299274 284935 358053 68961807 66484946 103532902 89657978 606412 825228 606412 825228 X 98016652 87418473 4909838 1414277 102926490 88832750 103532902 89657978 -15529633 1435893 0 X 0 1 X 1 0 X 18936954 14328559 79349471 24325117 8193040 145133141 18936954 14328559 79349471 24325117 8193040 145133141 145133141 249990 17915 676486 2189874 2102747 5237012 150370153 0.96520 0.97730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE ORGANIZATION IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS, IF APPLICABLE, AS PART OF MANAGEMENT AND GENERAL EXPENSE AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCOUNTS PAYABLE IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2024 AND 2023. THE ORGANIZATION'S FEDERAL AND STATE INFORMATION RETURNS PRIOR TO 2021 AND 2020, RESPECTIVELY, ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. 1 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 3019 GRANTS TO RECIPIENTS 18000000 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 7 PROGRAM SERVICES MONITORING AND EVALUATION FOR CCT PROGRAM 152832 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 170 PROGRAM SERVICES MONITORING AND EVALUATION FOR CCT PROGRAM 1727529 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 32 PROGRAM SERVICES MONITORING AND EVALUATION FOR CCT PROGRAM 2424366 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 3 PROGRAM SERVICES MONITORING AND EVALUATION FOR CCT PROGRAM 63464 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 2 PROGRAM SERVICES MONITORING AND EVALUATION FOR CCT PROGRAM 18546 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 1 PROGRAM SERVICES MONITORING AND EVALUATION FOR CCT PROGRAM 6953 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 2 PROGRAM SERVICES MONITORING AND EVALUATION FOR CCT PROGRAM 12157 SUB-SAHARAN AFRICA 0 0 PROGRAM SERIVCES MONITORING AND EVALUATION FOR CCT PROGRAM 1694569 0 3236 0 0 0 3236 22405847 1694569 24100416 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, IMPLEMENTATION OF CONDITIONAL CASH TRANSFER FOR ROUTINE IMMUNIZATIONS PROGRAM 18000000 WIRE 0 1 0 1 0 1 0 0 0 PART I, LINE 2: NEW INCENTIVES DOES NOT HAVE AN OFFICE IN NIGERIA, INSTEAD IT OPERATES A REMOTE MANAGEMENT STRUCTURE THAT HAS BEEN DESIGNED USING SOPHISTICATED TECHNOLOGY AND MONITORING PROCEDURES AT EVERY STEP. THIS ENABLES THE ORGANIZATION TO MINIMIZE COSTS WHILE MAXIMIZING OVERSIGHT AND ACCOUNTABILITY OF OPERATIONS IN RURAL COMMUNITIES WHERE THE PROGRAM OPERATES. THE ALL BABIES ARE EQUAL INITIATIVE CONTRACTS REGISTERED AGENT OFFICE SERVICES TO RECEIVE OFFICIAL COMMUNICATIONS. NEW INCENTIVES' MISSION IS TO SAVE LIVES IN A WAY THAT DOES THE MOST GOOD PER DOLLAR. GUIDED BY EVIDENCE, THEY PROVIDE CASH INCENTIVES TO INCREASE CHILDHOOD VACCINATION RATES. THROUGH ITS SUBSIDIARY, THE ORGANIZATION OPERATES A CONDITIONAL CASH TRANSFER PROGRAM IN NORTHERN NIGERIA, A REGION WITH ONE OF THE LOWEST IMMUNIZATION RATES AND HIGHEST UNDER-FIVE MORTALITY RATES IN THE WORLD. MANY PROGRAM RECIPIENTS LIVE BELOW THE POVERTY LINE AND EARN LESS THAN $2 A DAY. BY PROVIDING CONDITIONAL CASH TRANSFERS TO PARENTS, THE ORGANIZATION STRIVES TO PROTECT CHILDREN AGAINST VACCINE-PREVENTABLE DISEASES WITH A HIGHLY COST-EFFECTIVE INTERVENTION. PART I, LINE 3: NEW INCENTIVES CARRIES OUT IN-DEPTH MONITORING OF ALL GRANTS AND ASSISTANCE PROVIDED TO ALL BABIES ARE EQUAL INITIATIVE. THIS MONITORING CAN BE DIVIDED INTO THREE CATEGORIES: 1) DIRECT CASH TRANSFERS DISTRIBUTED TO ELIGIBLE CAREGIVERS, 2) PROGRAM EXPENSES, AND 3) REMUNERATION. FOR ALL CASH TRANSFERS, NEW INCENTIVES RECEIVES PHOTOS OF THE RECIPIENT AND THEIR RECORDS JUSTIFYING THE DISBURSEMENT AND REVIEWS SAID DOCUMENTATION TO ASSESS FIDELITY TO ORGANIZATION POLICIES; RECEIPTS FOLLOWING DEFINED GUIDELINES ARE REQUIRED FOR ALL PROGRAM EXPENSES; CLEAR DOCUMENTATION OF RECIPIENT, ACCOUNT NUMBER, AND CONTRACT IS REQUIRED FOR ALL REMUNERATION. X X 0 0 0 0 0 0 0 0 0 PRATYUSH AGARWAL DIRECTOR AND CHIEF OPERATING OFFICER 342700 0 0 0 0 0 13277 0 3600 0 359577 0 0 0 SVETHA JANUMPALLI DIRECTOR AND CHIEF EXECUTIVE OFFICER 342700 0 0 0 0 0 13147 0 3600 0 359447 0 0 0 ELIZABETH HIXSON SR. COMM. & DEV. ASSOCIATE 129823 0 11701 0 0 0 5661 0 3600 0 150785 0 0 0 PART I, LINE 3 THE ORGANIZATION USES THE FAIR PAY FOR NORTHERN CALIFORNIA NONPROFITS REPORT. THE REPORT PROVIDES A DETAILED SUMMARY OF THE SURVEY RESULTS, WITH SUBCATEGORY FINDINGS GROUPED BY OPERATION SIZE (IN TERMS OF EXPENDITURES, OR NUMBER OF EMPLOYEES, ETC.), JOB FUNCTIONS, STANDARD BENEFIT PRACTICES, INSURANCE, AND OTHER BENEFIT COSTS THAT MAY BE PART OF THE OVERALL COMPENSATION PACKAGE. THE BOARD ALSO FACTORS IN OTHER RELEVANT COMPENSATION SURVEYS AS WELL AS COMPENSATION DATA REPORTED IN 990 RETURNS FROM COMPARABLE ORGANIZATIONS. A BOARD MEMBER WILL PROVIDE A PROPOSED COMPENSATION BASED ON THE REPORT NOTED IN THE FAIR PAY FOR NORTHERN CALIFORNIA NONPROFITS REPORT. ALL BOARD MEMBERS, EXCLUDING THE CEO AND COO, WILL VOTE TO APPROVE THIS. AN EXECUTIVE EMPLOYMENT AGREEMENT IS ALSO IN PLACE. THIS AGREEMENT SPECIFIES SALARY FOR THE YEAR SIGNED AND STATES THAT THE EXECUTIVE SALARY WILL BE SUBJECT TO REVIEW, AND ADJUSTMENTS WILL BE MADE BASED UPON THE ORGANIZATION'S NORMAL PERFORMANCE REVIEW PRACTICES. FORM 990, PART VI, SECTION A, LINE 2 PRATYUSH AGARWAL AND SVETHA JANUMPALLI HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBERS ARE PROVIDED THE OPPORTUNITY TO REVIEW THE ANNUAL RETURN AND PROVIDE COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISCUSSED AT ANNUAL BOARD MEETINGS. BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST DISCLOSURE FORM OF THE ORGANIZATION ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES THE FAIR PAY FOR NORTHERN CALIFORNIA NONPROFITS REPORT. THE REPORT PROVIDES A DETAILED SUMMARY OF THE SURVEY RESULTS, WITH SUBCATEGORY FINDINGS GROUPED BY OPERATION SIZE (IN TERMS OF EXPENDITURES, OR NUMBER OF EMPLOYEES, ETC.), JOB FUNCTIONS, STANDARD BENEFIT PRACTICES, INSURANCE, AND OTHER BENEFIT COSTS THAT MAY BE PART OF THE OVERALL COMPENSATION PACKAGE. THE BOARD ALSO FACTORS IN OTHER RELEVANT COMPENSATION SURVEYS AS WELL AS COMPENSATION DATA REPORTED IN 990 RETURNS FROM COMPARABLE ORGANIZATIONS. A BOARD MEMBER WILL PROVIDE PROPOSED COMPENSATION BASED ON THE REPORT NOTED IN THE FAIR PAY FOR NORTHERN CALIFORNIA NONPROFITS REPORT. ALL BOARD MEMBERS, EXCLUDING THE CEO AND COO, WILL VOTE TO APPROVE THIS. AN EXECUTIVE EMPLOYMENT AGREEMENT IS ALSO IN PLACE. THIS AGREEMENT SPECIFIES SALARY FOR THE YEAR SIGNED AND STATES THAT THE EXECUTIVE SALARY WILL BE SUBJECT TO REVIEW, AND ADJUSTMENTS WILL BE MADE BASED UPON THE ORGANIZATION'S NORMAL PERFORMANCE REVIEW PRACTICES. COMPENSATION WAS BASED UPON CURRENT MARKET RATES FOR COMPARABLE WORK. NO OFFICER WAS ABLE TO VOTE ON THEIR OWN SALARY. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT CORPORATE ADDRESS. FORM 990, PART IX, LINE 11G FREELANCERS: PROGRAM SERVICE EXPENSES 3,789,931. MANAGEMENT AND GENERAL EXPENSES 286,950. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,076,881. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 21,155. MANAGEMENT AND GENERAL EXPENSES 24,629. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,784. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,196. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,196. ALL BABIES ARE EQUAL INITIATIVE 29A BERKELEY STREET ONIKAN 520 LA LAGOS STATE NI PROGRAM SERVICES NI NEW INCENTIVES 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 ALL BABIES ARE EQUAL INITIATIVE B 18000000 AMOUNT OF FUNDS PROVIDED TO ABAE ALL BABIES ARE EQUAL INITIATIVE L 131217 ESTIMATED FUNDRAISING COST ALL BABIES ARE EQUAL INITIATIVE N 4201350 PROGRAM SERVICE EXPENDITURES ALL BABIES ARE EQUAL INITIATIVE O 442188 PROGRAM SERVICE EXPENDITURES ALL BABIES ARE EQUAL INITIATIVE P 1694569 ABAE EXPENSES PAID BY NI