2020-11-13T13:29:22-06:00 2019-12-31 221478099 COHNREZNICK LLP 400 CAPITOL MALL SUITE 1200 SACRAMENTO CA 95814 990 2019-01-01 452368993 CCTMARKETPLACE CCTM 4157977639 340 S LEMON AVENUE NO 6133 WALNUT CA 91789 SVETHA JANUMPALLI DIRECTOR & CEO 4157977639 2020-11-12 LISA M CUMMINGS CPA P00043433 9164429100 2020-11-12 209.59.242.22 2020-11-12 17:53:31 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A6BCEEC5281954A027118F02B3DBBBF79E51C833 2019 2021-01-29 14:40:06Z NEW INCENTIVES SVETHA JANUMPALLI 340 S LEMON AVENUE NO 6133 WALNUT CA 91789 61499 0 X NEWINCENTIVES.ORG X 2011 CA TO REDUCE POVERTY WHILE INCREASING HEALTH OUTCOMES FOR WOMEN, CAREGIVERS AND INFANTS BY PROVIDING FINANCIAL ASSISTANCE. 5 2 2 2 0 0 275973 18395 0 0 4918 43104 0 0 280891 61499 1119815 2471707 0 0 314222 258902 0 0 18018 294115 378338 1728152 3108947 -1447261 -3047448 4496547 1382628 38279 12295 4458268 1370333 X SEE SCHEDULE OTHE SPECIFIC PURPOSE OF CCTMARKETPLACE 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 2980337 2471707 0 CCTMARKETPLACE, DBA 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 OVER 377,223 CASH TRANSFERS TO CAREGIVERS AFTER VERIFYING COMPLETION OF REQUIRED IMMUNIZATIONS AND ENROLLED OVER 88,876 CAREGIVERS AND THEIR INFANTS INTO THE CCTS FOR ROUTINE IMMUNIZATIONS PROGRAM. 2980337 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 2 0 1 2 1 0 1 NI 0 0 0 0 0 0 0 0 0 0 X 5 2 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 CA 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 & SECRETARY 0.50 X X 0 0 0 PATRICK PETER STADLER BOARD CHAIR 2.00 X X 19050 0 0 PRATYUSH AGARWAL DIRECTOR & COO 50.00 X X 108000 0 3600 SVETHA JANUMPALLI DIRECTOR & CEO 50.00 X X 108000 0 3600 235050 0 7200 2 0 0 0 0 18395 18395 43104 43104 61499 0 0 43104 2471707 2471707 242250 172163 53347 16740 16652 11567 3846 1239 10945 10945 29123 29123 288018 287157 861 5884 36 5848 8154 5172 2982 7205 7176 29 9535 9535 RESEARCH 13938 13938 0 0 ACCESSORIES 3346 638 2708 MISCELLANEOUS 2190 1248 932 10 3108947 2980337 110592 18018 693411 376875 3803136 1005753 4496547 1382628 38279 12295 38279 12295 X 4458268 1370333 4458268 1370333 4496547 1382628 X -3047448 -40487 X X 0 1 X 1 0 X 241978 1148679 6802159 275973 18395 8487184 241978 1148679 6802159 275973 18395 8487184 1476412 7010772 95 128 819 4918 43104 49064 8536248 0.82130 0.80230 X 990, SCHEDULE A, PART II, LINES 5 & 15: THE PUBLIC SUPPORT PERCENTAGE FOR 2018 HAS BEEN UPDATED TO REFLECT A CHANGE IN THE EXCESS CONTRIBUTIONS REPORTED ON LINE 5 AS A RESULT OF THE REMOVAL OF A PUBLICLY SUPPORTED ORGANIZATION FROM THE LIST OF EXCESS CONTRIBUTORS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CREDIT CARD LIABILITIES 12295 12295 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, 2019. THE ORGANIZATION'S FEDERAL AND STATE INFORMATION RETURNS PRIOR TO 2016 AND 2015, 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. ALL BABIES ARE EQUAL INITIATIVE IS AN ASSOCIATION WITH INCORPORATED TRUSTEES REGISTERED UNDER NIGERIAN LAW WITH THE CORPORATE AFFAIRS COMMISSION AND IS SUBJECT TO THE LAWS AND REGULATIONS OF NIGERIA. 1 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTMAKING IMPLEMENTATION OF CONDITIONAL CASH TRANSFER FOR ROUTINE IMMUNIZATIONS PROGRAM 2471707 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 5 PROGRAM SERVICE PROGRAM MANAGEMENT; MONITORING AND EVALUATION FOR CCT PROGRAM 56409 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 7 PROGRAM SERVICE MONITORING AND EVALUATION FOR CCT PROGRAM 74598 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 12 PROGRAM SERVICE MONITORING AND EVALUATION FOR CCT PROGRAM 50428 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 11 PROGRAM SERVICE MONITORING AND EVALUATION FOR CCT PROGRAM 99167 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 7 PROGRAM SERVICE MONITORING AND EVALUATION FOR CCT PROGRAM 13509 0 42 0 0 0 42 2765818 0 2765818 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, IMPLEMENTATION OF CONDITIONAL CASH TRANSFER FOR ROUTINE IMMUNIZATIONS PROGRAM 2471707 WIRE 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. CCTMARKETPLACE, DBA 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: 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, ARTICLE 7 OF THE ORGANIZATION'S BYLAWS 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 XI, LINE 9: SECTION 951A INCLUSION -40,487. FORM 990, PART XII, LINE 2C: THE ORGANIZATION INTRODUCED AN AUDIT COMMITTEE TO PERFORM THE DUTIES AND ADHERE 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 CCTMARKETPLACE 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 ALL BABIES ARE EQUAL INITIATIVE B 2471707 COST ALL BABIES ARE EQUAL INITIATIVE L 18018 COST ALL BABIES ARE EQUAL INITIATIVE N 324901 COST ALL BABIES ARE EQUAL INITIATIVE O 183729 COST