2023-10-31T08:20:50-05:00 2022-12-31 221478099 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2022-01-01 452368993 NEW INCENTIVES NEWI 4157977639 440 N BARRANCA AVE UNIT 6133 COVINA CA 917231722 SVETHA JANUMPALLI DIRECTOR & CEO 4157977639 2023-10-31 1 SVETHA JANUMPALLI 999009999 1 JOLANTA TUCK CPA P01340068 9164429100 2023-10-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SVETHA JANUMPALLI 440 N BARRANCA AVE UNIT 6133 COVINA CA 917231722 80025957 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 INCENTICES TO INCREASE CHILDHOOD VACCINATION RATES. 6 4 4 0 0 0 14328559 79349471 0 0 17915 676486 0 0 14346474 80025957 2225445 7732976 0 0 366144 575013 0 0 95775 463510 1740338 3055099 10048327 11291375 69977630 29292382 98742689 135317 363250 29157065 98379439 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 9496573 7732976 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 2,023,515 CASH TRANSFERS TO CAREGIVERS AFTER VERIFYING COMPLETION OF REQUIRED IMMUNIZATIONS AND ENROLLED 630,116 CAREGIVERS AND THEIR INFANTS INTO THE CCTS FOR ROUTINE IMMUNIZATIONS PROGRAM.NOTE: THE $7,732,976 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 2022, NEW INCENTIVES ENROLLED 630,219 INFANTS IN THE CCT PROGRAM WITH 114,553 IMMUNIZATION DAYS, AND ARE NOW OPERATING IN 96 LGAS WITH 3,392 CLINICS. 9496573 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 4 1 0 1 NI 0 0 0 0 0 0 0 0 0 0 X 6 4 1 0 1 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 X X SVETHA JANUMPALLI 4157977639 440 N BARRANCE AVE UNIT 6133 COVINA CA 91723 AMANDA GLASSMAN DIRECTOR THRU JULY 19, 2022 0.50 X 0 0 0 ANNE MARIE FLANAGAN DIRECTOR AND SECRETARY 0.50 X X 0 0 0 MICHAEL THOMAS DIRECTOR 1.00 X 0 0 0 PATRICK PETER STADLER DIRECTOR AND BOARD CHAIR 2.00 X X 0 0 0 PRATYUSH AGARWAL DIRECTOR AND CHIEF OPERATI 50.00 X X 257200 0 3600 SALINA YEUNG DIRECTOR AND TREASURER 2.00 X X 0 0 0 SVETHA JANUMPALLI DIRECTOR AND CHIEF EXECUTI 50.00 X X 257200 0 3600 514400 0 7200 2 0 1 0 ID INSIGHT INC 44 TEHAMA STREET SAN FRANCISCO CA 94105 GLOBAL ADVISORY, DATA ANALYTICS AND RESE 115150 RIGHT ANGLE SOLUTIONS 468/ 3C- VELLIYAM PALAYAM KODUVAI TIRUPPUR IN 638660 INFORMATION TECHNOLOGY (IT) DESIGN AND D 110528 2 79349471 79349471 676486 676486 80025957 0 0 676486 X 7732976 7732976 521600 273840 156480 91280 25777 25777 27636 13486 9655 4495 24160 24160 179299 67221 112078 34587 34587 1314635 1277811 36824 13001 13001 40315 40315 1347 1347 14742 14742 RESEARCH 115150 115150 ACCESSORIES 1049 1049 2053 2053 10048327 9496573 455979 95775 8383727 9777493 12308527 46889381 8378831 11669140 123467 418971 83985 236424 0 0 13845 0 29751280 29292382 98742689 97969 363250 37348 0 135317 363250 X 20654767 86291870 8502298 12087569 29157065 98379439 29292382 98742689 X 69977630 -335918 -419338 X X 0 1 X 1 0 X 275973 18395 18936954 14328559 79349471 112909352 275973 18395 18936954 14328559 79349471 112909352 112909352 4918 43104 249990 17915 676486 992413 113901765 0.99130 0.96540 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 HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2022 AND 2021. THE ORGANIZATION'S FEDERAL AND STATE INFORMATION RETURNS PRIOR TO 2019 AND 2018, RESPECTIVELY, ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. 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 STATEMENT OF FINANCIAL POSITION. 1 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 1742 GRANTS TO RECIPIENTS 7732976 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 7 PROGRAM SERVICES MONITORING AND EVALUATION FOR CCT PROGRAM 70240 EAST ASIA AND THE PACIFIC 0 112 PROGRAM SERVICES MONITORING AND EVALUATION FOR CCT PROGRAM 666816 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 22 PROGRAM SERVICES MONITORING AND EVALUATION FOR CCT PROGRAM 495087 EUROPE (INCLUDING ICELAND & GREENLAND) 0 3 PROGRAM SERVICES MONITORING AND EVALUATION FOR CCT PROGRAM 13860 NORTH AMERICA 0 3 PROGRAM SERVICES MONITORING AND EVALUATION FOR CCT PROGRAM 9319 0 1889 0 0 0 1889 8988298 0 8988298 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, IMPLEMENTATION OF CONDITIONAL CASH TRANSFER FOR ROUTINE IMMUNIZATIONS PROGRAM 7732976 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, OPERATES A PROGRAM WHERE LOW-INCOME MOTHERS IN NIGERIA ARE GIVEN CASH TRANSFERS FOR IMMUNIZING THEIR INFANTS. THIS IS KNOWN AS CONDITIONAL CASH TRANSFERS (CCTS). CONDITIONAL CASH TRANSFERS ARE ONE THE MOST EVIDENCE BASED ACTIVITIES IN INTERNATIONAL DEVELOPMENT. NANCY BIRDSALL, FOUNDING PRESIDENT OF THE CENTER FOR GLOBAL DEVELOPMENT, STATED "I THINK CONDITIONAL CASH TRANSFER PROGRAMS ARE AS CLOSE AS YOU CAN COME TO A MAGIC BULLET IN DEVELOPMENT. THEY ARE CREATING AN INCENTIVE FOR FAMILIES TO INVEST IN THEIR OWN CHILDREN'S FUTURES. EVERY DECADE OR SO, WE SEE SOMETHING THAT CAN REALLY MAKE A DIFFERENCE, AND THIS IS ONE OF THOSE THINGS." THROUGH ITS SUBSIDIARY ALL BABIES ARE EQUAL INITIATIVE (ABAE), NEW INCENTIVES OPERATES A CONDITIONAL CASH TRANSFER PROGRAM IN NIGERIA, A COUNTRY WITH ONE OF THE LOWEST IMMUNIZATION RATES WORLDWIDE. MANY PROGRAM RECIPIENTS LIVE BELOW THE POVERTY LINE AND EARN LESS THAN $1 A DAY. LOW IMMUNIZATION RATES ARE A LARGE DRIVER OF NIGERIA'S HIGH UNDER-FIVE MORTALITY RATE - AN ESTIMATED 40% OF DEATHS OF CHILDREN UNDER FIVE IN NIGERIA ARE FROM DISEASES THAT COULD BE PREVENTED WITH A VACCINE. BY PROVIDING CONDITIONAL CASH TRANSFERS TO PARENTS AND INFANTS, NEW INCENTIVES STRIVES TO PROTECT COMMUNITIES AGAINST DEADLY DISEASES AND REDUCE POVERTY 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. PART III ACCOUNTING METHOD: X X 0 0 0 0 0 0 0 0 0 PRATYUSH AGARWAL DIRECTOR AND CHIEF OPERATI 257200 0 0 0 0 0 0 0 3600 0 260800 0 0 0 SVETHA JANUMPALLI DIRECTOR AND CHIEF EXECUTI 257200 0 0 0 0 0 0 0 3600 0 260800 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. 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 FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS TO CHANGE THE ORGANIZATIONS NAME TO NEW INCENTIVES. 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 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 STATE 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 1,229,014. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,229,014. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 48,797. MANAGEMENT AND GENERAL EXPENSES 35,275. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 84,072. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,549. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,549. FORM 990, PART XI, LINE 9: SECTION 951A INCLUSION -419,338. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT PERFORMS THE DUTIES AND ADHERES TO THE GUIDELINES SET FORTH FROM TIME TO TIME BY THE BOARD. THESE DUTIES INCLUDE, BUT ARE NOT LIMITED TO: (1) ASSISTING THE BOARD IN CHOOSING AN INDEPENDENT AUDITOR AND RECOMMENDING TERMINATION OF THE AUDITOR, IF NECESSARY, (2) CONFERRING WITH THE AUDITOR REGARDING THE CORPORATION'S FINANCIAL AFFAIRS, AND (3) REVIEWING AND ACCEPTING OR REJECTING THE AUDIT. ALL BABIES ARE EQUAL INITIATIVE 256A IKORODU CRESCENT DOLPHIN ESTA 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 7732976 AMOUNT OF FUNDS PROVIDED TO ABAE ALL BABIES ARE EQUAL INITIATIVE L 95775 NI TIME SPENT ON FUNDRAISING ALL BABIES ARE EQUAL INITIATIVE N 1476271 PROGRAM SERVICE EXPENDITURES ALL BABIES ARE EQUAL INITIATIVE O 287325 PROGRAM SERVICE EXPENDITURES ALL BABIES ARE EQUAL INITIATIVE P 582886 ABAE EXPENSES PAID BY NI