2022-10-28T00:05:21-05:00 2021-12-31 221478099 COHNREZNICK LLP 621 CAPITOL MALL SUITE 2150 SACRAMENTO CA 95814 990 2021-01-01 452368993 NEW INCENTIVES NEWI 4157977639 340 S LEMON AVENUE 6133 WALNUT CA 91789 SVETHA JANUMPALLI DIRECTOR & CEO 4157977639 2022-10-27 SVETHA JANUMPALLI 999009999 LISA M CUMMINGS CPA P00043433 9164429100 2022-10-27 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X SVETHA JANUMPALLI 340 S LEMON AVENUE 6133 WALNUT CA 91789 14346474 0 X NEWINCENTIVES.ORG X 2011 CA TO REDUCE POVERTY WHILE INCREASING HEALTH OUTCOMES FOR WOMEN, CAREGIVERS AND INFANTS BY PROVIDING FINANCIAL ASSISTANCE 7 5 3 0 0 0 18936954 14328559 0 0 249990 17915 0 0 19186944 14346474 1788843 2225445 0 0 291827 366144 0 0 59993 379318 463510 2459988 3055099 16726956 11291375 17944969 29292382 79279 135317 17865690 29157065 X SEE SCHEDULE OTHE SPECIFIC PURPOSE OF NEW INCENTIVES IS TO ASSIST VULNERABLE, POOR HOUSEHOLDS. THE ORGANIZATIONS PRIMARY BELIEF IS THAT POOR HOUSEHOLDS BEAR A DISPROPORTIONATE AMOUNT OF BURDEN IN SOCIETY, AND THAT SMALL CASH TRANSFERS CAN SUBSTANTIALLY DECREASE THE HIGH COSTS POOR HOUSEHOLDS FACE WHEN MAKING DECISIONS THAT AFFECT THEIR FUTURE STANDARD OF LIVING. 0 0 2781134 2225445 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 563,905 CASH TRANSFERS TO CAREGIVERS AFTER VERIFYING COMPLETION OF REQUIRED IMMUNIZATIONS AND ENROLLED 171,875 CAREGIVERS AND THEIR INFANTS INTO THE CCTS FOR ROUTINE IMMUNIZATIONS PROGRAM.NOTE: THE $2,225,445 UNDER GRANTS PAID BY YOUR 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 2021, NEW INCENTIVES ENROLLED 171,875 INFANTS IN THE CCT PROGRAM WITH 25,027 IMMUNIZATION DAYS, AND ARE NOW OPERATING IN 24 LGAS WITH 977 CLINICS. 2781134 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 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 7 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X SVETHA JANUMPALLI 4157977639 340 S LEMON AVENUE STE 6133 WALNUT CA 91789 AMANDA GLASSMAN DIRECTOR 0.50 X 0 0 0 ANNE MARIE FLANAGAN DIRECTOR AND SECRETARY 0.50 X X 0 0 0 MICHAEL THOMAS DIRECTOR 0.50 X 0 0 0 PATRICK PETER STADLER BOARD CHAIR 2.00 X X 0 0 0 PRATYUSH AGARWAL DIRECTOR AND CHIEF OPERATING OFFICER 50.00 X X 156684 0 3600 SALINA YEUNG DIRECTOR AND TREASURER 2.00 X X 0 0 0 SVETHA JANUMPALLI DIRECTOR AND CHIEF EXECUTIVE OFFICER 50.00 X X 156684 0 3600 313368 0 7200 2 0 1 0 0 14328559 14328559 17915 17915 14346474 0 0 17915 X 2225445 2225445 320568 168298 96171 56099 21668 21668 23908 11682 8332 3894 4991 4991 42677 42677 354874 333342 21532 7049 1920 5129 12652 12652 6299 6299 5953 5953 RESEARCH 27950 27950 MISCELLANEOUS 820 820 ACCESSORIES 245 245 3055099 2781134 213972 59993 266740 8383727 806137 12308527 16755927 8378831 116165 123467 83985 20144 6299 0 13845 17944969 29292382 66949 97969 12330 37348 79279 135317 X 17865690 20654767 8502298 17865690 29157065 17944969 29292382 11291375 0 X X 0 1 X 1 0 X 6802159 275973 18395 18936954 14328559 40362040 6802159 275973 18395 18936954 14328559 40362040 1090753 39271287 819 4918 43104 249990 17915 316746 40678786 0.96540 0.90590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20144 6299 13845 13845 CREDIT CARD LIABILITIES 30906 OTHER LIABILITIES 6442 37348 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, 2021 AND 2020. THE ORGANIZATION'S FEDERAL AND STATE INFORMATION RETURNS PRIOR TO 2018 AND 2017, 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 0 426 PROGRAM SERVICES IMPLEMENTATION OF CONDITIONAL CASH TRANSFER FOR ROUTINE IMMUNIZATIONS PROGRAM 2225445 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 22 MONITORING MONITORING AND EVALUATION FOR CCT PROGRAM 114439 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 4 MONITORING MONITORING AND EVALUATION FOR CCT PROGRAM 6723 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 21 MONITORING MONITORING AND EVALUATION FOR CCT PROGRAM 133073 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 9 MONITORING MONITORING AND EVALUATION FOR CCT PROGRAM 19943 NORTH AMERICA 0 1 MONITORING MONITORING AND EVALUATION FOR CCT PROGRAM 16463 0 483 0 0 0 483 2516086 0 2516086 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, IMPLEMENTATION OF CONDITIONAL CASH TRANSFER FOR ROUTINE IMMUNIZATIONS PROGRAM 2225445 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 NORTHERN NIGERIA ARE GIVEN CASH TRANSFERS FOR IMMUNIZING THEIR INFANTS. THIS IS KNOWN AS CONDITIONAL CASH TRANSFERS (CCTS). CONDITIONAL CASH TRANSFERS ARE ONE THE MOST EVIDENCEBASED 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 NORTHERN NIGERIA, A REGION WITH ONE OF THE LOWEST IMMUNIZATION RATES WORLDWIDE. THE ORGANIZATION FOCUSES ON KATSINA STATE, ZAMFARA STATE AND JIGAWA STATE WHERE LESS THAN 6% OF INFANTS ARE FULLY VACCINATED (NICS/MICS 2017). MANY PROGRAM RECIPIENTS LIVE BELOW THE POVERTY LINE AND EARN LESS THAN $1 A DAY. VACCINE PREVENTABLE DISEASES ACCOUNT FOR APPROXIMATELY 22% OF CHILD DEATHS IN NIGERIA. THIS MEANS THAT THE DEATH OF OVER 200,000 NIGERIAN CHILDREN COULD HAVE BEEN PREVENTED THROUGH IMMUNIZATIONS. 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 X 0 0 0 0 0 0 0 0 0 PRATYUSH AGARWAL DIRECTOR AND CHIEF OPERATING OFFICER 156684 0 0 0 0 0 0 0 3600 0 160284 0 0 0 SVETHA JANUMPALLI DIRECTOR AND CHIEF EXECUTIVE OFFICER 156684 0 0 0 0 0 0 0 3600 0 160284 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 COMPENSATION PACKAGE IS BASED ON THE MEDIAN SALARY RANGE, CORRESPONDING TO THE ANNUAL OPERATING EXPENSES LEVEL. 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 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. FORM 990, PART VI, SECTION B, LINE 15 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 285,506. MANAGEMENT AND GENERAL EXPENSES 20,081. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 305,587. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 47,836. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,836. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,451. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,451. 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 2225445 AMOUNT OF FUNDS PROVIDED TO ABAE ALL BABIES ARE EQUAL INITIATIVE L 59993 NI TIME SPENT ON FUNDRAISING ALL BABIES ARE EQUAL INITIATIVE N 375710 PROGRAM SERVICE EXPENDITURES ALL BABIES ARE EQUAL INITIATIVE O 179980 PROGRAM SERVICE EXPENDITURES ALL BABIES ARE EQUAL INITIATIVE P 121820 ABAE EXPENSES PAID BY NI