2017-05-15T10:54:27-07:00 2016-06-30 Koch Group & Co LLP 333 Seventh Avenue Floor 8 New York NY 100015118 990 2015-07-01 133842270 NEW ECONOMY PROJECT INC NEWE 2126805100 121 West 27th St NEW YORK NY 10001 SARAH I LUDWIG Co-Director 2017-05-15 true Stuart Koch P01231447 2126310700 2015 2021-01-29 14:40:06Z SARAH I LUDWIG 530 1ST ST Brooklyn NY 11215 3261230 false false X WWW.NEweconomynyc.org X 1995 NY TO BUILD A NEW ECONOMY THAT WORKS FOR ALL, BASED ON PRINCIPLES OF COOPERATION, DEMOCRACY, EQUITY, RACIAL JUSTICE, AND ECOLOGICAL SUSTAINABILITY. 6 6 16 8 0 1088080 642651 90824 2503091 51768 28430 41852 1230672 3216024 20000 0 1016306 883252 0 90381 245763 279289 1262069 1182541 -31397 2033483 5075953 7102308 65807 58679 5010146 7043629 X New Economy Projects mission is to build a just, new economy that works for all, based on principles of cooperation, democracy, equity, racial justice, and ecological sustainability. New Economy Project works with community groups (1) to eliminate economic practices that harm communities and perpetuate inequality and poverty; and (2) to build strong local economies, by fostering democratically-structured, community-controlled initiatives such as worker and financial cooperatives, community land trusts, and mutual housing. false false 920612 20000 2463091 TO PROVIDE ORGANIZING, STRATEGIC AND LEGAL SUPPORT ON A BROAD RANGE OF ECONOMIC JUSTICE AND COMMUNITY-BASED ECONOMIC DEVELOPMENT/NEW ECONOMY MATTERS. 920612 true true false true false false false false false false true false false false false true false true false false false false false false true false false true false false false false false false false false false false false false true true false false false true false false false false false true X 1 0 true 16 true false false false false false false false false 0 false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true true true false NY X X New Economy Project 2126805100 121 West 27th St Suite 804 ny NY 10001 X BRENDAN MARTIN BOARD MEMBER 0.50 0.00 X 0 0 0 RAUN J RASMUSSEN Secretary 1.00 0.00 X X 0 0 0 CATHERINE BARNETT Vice President 1.00 0.00 X X 0 0 0 GREGORY LOBO JOST President 2.00 0.00 X X 0 0 0 STEPHanie LAWES BOARD MEMBER 0.50 0.00 X 0 0 0 JONATHAN SPRINGER Treasurer 1.00 0.00 X X 0 0 0 Deyanira Del Rio co-director 40.00 0.00 X 61442 0 3068 SARAH I LUDWIG Co-director 40.00 0.00 X 130156 0 8685 JOSHUA ZINNER Co-director 40.00 0.00 X 109700 0 3443 301298 15196 2 false false false 0 X 17000 625651 37586 642651 Attorney fees awards 541100 2291212 2291212 PROGRAM FEE REVENUE 525990 211879 211879 2503091 28430 28430 0 0 0 0 87058 45206 41852 0 0 0 3216024 2503091 28430 X 20000 20000 0 0 0 281071 224857 30918 25296 0 473444 380938 46958 45548 0 128737 102990 14161 11586 0 0 37586 26310 11276 12397 4000 8397 0 0 0 27670 16905 10765 0 4303 3658 430 215 0 0 141053 112842 21158 7053 4751 4276 475 0 0 966 966 0 23026 23026 6118 3977 2141 TELEPHONE 5679 4827 568 284 LOAN LOSS 4023 4023 STAFF DEVELOPMENT 3383 3045 338 Printing and Publications 2813 2250 281 282 5521 4748 656 117 1182541 920612 171548 90381 X 1365374 1439937 2014539 1884887 300000 253700 51069 2434813 0 0 1072164 945523 0 0 178911 101349 100588 77562 46998 40010 0 0 0 125221 25876 5075953 7102308 18809 18669 46998 40010 65807 58679 X 2540321 4800825 2469825 2242804 5010146 7043629 5075953 7102308 X 2033483 X X false true X true false X 1844754 2556822 998257 1088080 642651 7130564 98800 126000 209865 90824 2503091 3028580 0 0 0 1943554 2682822 1208122 1178904 3145742 10159144 0 748495 2003234 708330 839701 302040 4601800 748495 2003234 708330 839701 302040 4601800 5557344 32958 36106 45332 51768 28430 194594 0 32958 36106 45332 51768 28430 194594 0 7500 41852 49352 1984012 2718928 1253454 1230672 3216024 10403090 0.53420 0.55600 0.01870 0.02470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false true false false false false true 5154 false false 5154 false false Part II-B, Line 1i - Other Activities Description Testifying about legislation at public hearings; and filing writing comments on, and educating city, state, and federal elected officials and policy-makers about, policy matters and relevant legislation. 107323 32197 75126 71588 69152 2436 77562 X 3216024 3216024 3216024 1182541 1182541 1182541 Part X : FIN48 Footnote NEW ECONOMY PROJECT INC. IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS DETERMINED THAT THE COMPANY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY FEDERAL, STATE OR LOCAL TAX AUTHORITIES IN THE UNITED STATES FOR YEARS BEFORE JUNE 30,2013, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. X false 20th Anniversary Gala 87058 87058 33000 12206 87058 87058 33000 12206 45206 41852 true FORECLOSURE RESISTERS 1305 EAST 98TH STREET BROOKLYN NY 11236 300881822 Pending 20000 0 Foreclosure prevention 0 1 Grantmaker's Description of How Grants are Used The Foreclosure Resisters are a community of homeowners facing and fighting foreclosure in New York City. Foreclosure Resisters organize, educate, and support each other to defend their homes, lives, and communities. Deyanira Del Rio 1 Co-director SEE PART V false SARAH I LUDWIG2 co-director 26000 SEE PART V false Raun Rasmussen3 Secretary 20000 SEE PART V false Brendan Martin4 Board member 45000 SEE PART V false Schedule L, Part V Supplemental Information (1)New Economy Project maintains several accounts and operates revolving loan funds in partnership with the Lower East Side People's Federal Credit Union (LESPFCU). New Economy Project has also engaged LESPFCU as a subcontractor in a program New Economy Project is operating through a contract with the NYC Office of Financial Empowerment. New Economy Project's Co-Director Deyanira Del Rio serves on LESPFUC's board of directors.(2)Consumer Federation of America (CFA) made a subgrant of $2,000 to New Economy Project. New Economy Project's Co-Director Sarah Ludwig serves on CFA's board of directors.Center for Responsible Lending (CRL) made a subgrant of $24,000 to New Economy (3)Legal Services-NYC paid New Economy Project $20,000 for consulting services provided to South Brooklyn Legal Services. Board Secretary Raun Rasmussen is executive director of Legal Services NYC.(4)New Economy Loan Fund LLC lent funds to The Working World for loans that The Working World made to worker cooperatives in NYC. Board Member Brendan Martin is executive director of The Working World. X legal services 1 37586 FAIR MARKET VALUE false false false Form 990, Part VI, Line 11b: Form 990 Review Process THE NEW ECONOMY PROJECT INC. BOARD OF DIRECTORS REVIEWS AND APPROVES THE FED FORM 990 PRIOR TO ITS SUBMISSION FOR FILING TOGETHER WITH ITS AUDITED FINANCIAL STATEMENTS AND ITS NYSOAG CHARITIES BUREAU CHAR 500 ANNUAL REPORT. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts ALL NEW BOARD MEMBERS AND EMPLOYEES RECEIVE A COPY OF THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY, WHEREUPON THEY SIGN A STATEMENT THAT THEY HAVE RECEIVED AND UNDERSTOOD THE POLICY. OFFICERS, DIRECTORS, AND KEY EMPLOYEES OF THE ORGANIZATION ARE REQUIRED TO DESCRIBE ON AN ANNUAL BASIS, OR AS THEY ARISE, ANY POTENTIAL AND ACTUAL CONFLICTS OF INTEREST. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management AFTER THE FISCAL YEAR END, THE BOARD OF DIRECTORS CONDUCTs AN INDEPENDENT REVIEW OF the ORGANIZATION'S Co-DIRECTORS' COMPENSATION, ON AN ANNUAL BASIS. THE BOARD APPROVES EXECUTIVE COMPENSATION AT THE ORGANIZATION IF IT FINDS THE COMPENSATION IS REASONABLE. TO DETERMINE THE REASONABLENESS, THE BOARD CONSIDERS SUCH FACTORS AS COMPENSATION OF EXECUTIVES WITH COMPARABLE QUALIFICATIONS AT NO FEWER THAN two OTHER ORGANIZATIONS OF COMPARABLE SIZE, MISSION AND SCOPE. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available NEW ECONOMY PROJECT INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALSO, NEW ECONOMY PROJECT INC. TIMELY FILES ITS NYS CHAR 500 ANNUAL REPORT WITH THE NEW YORK STATE OFFICE OF ATTORNEY GENERAL. THE NYSOAG POSTS THE CHAR 500 TOGETHER WITH THE FEDERAL TAX FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ON ITS CHARITIES BUREAU WEBSITE. FORM 990 PART 1 LINE 1 New Economy Project works with community groups in New York City to promote economic justice, and to build a new economy based on principles of cooperation, democracy, equity, racial justice, and ecological sustainability. New Economy Project provides strategic support to community groups, conducts extensive community education and outreach, operates a financial justice hotline and a loan fund for DREAMers,AND COMMUNITY-BASED ECONOMIC DEVELOPMENT INITIATIVES and coordinates several effective city- and state-wide coalitions that bring together diverse organizations to promote economic justice and a new economy. NEW ECONOMY LOAN FUND LLC 121 WEST 27TH STREET NEW YORK NY 10001 Community development loan fund NY 692246 NEW ECONOMY PROJECT false false false false false false false false false false false false false false false false false false false