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New Economy Coalition Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030278626 ✦ Cambridge, MA ✦ Designated as a 501(c)(3)

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Overview

What is New Economy Coalition Inc?

New Economy Coalition Inc is a nonprofit organization based in Cambridge, Massachusetts, dedicated to fostering a network of over 200 organizations working towards creating just economies that empower people and dismantle legacies of harm. They believe that various struggles, such as racial, economic, and climate justice, are interconnected and demand a fundamental transformation of our economic and political systems. The organization connects member organizations across issues and movements, enabling collaboration, skill-sharing, and mutual aid. They actively seek feedback from their members and provide trainings and tools based on their expressed needs and interests. The New Economy Coalition supports grassroots groups deeply impacted by injustice and environmental destruction, helping them develop cutting-edge, just, democratic, and sustainable strategies and solutions. Their primary mission is to support a just transition from an extractive to a regenerative economy by building the scale and power of the solidarity economy movement in black, indigenous, and working-class communities across the United States. They achieve this by mobilizing resources, building momentum for their members' actions and initiatives, and fostering wide-reaching, effective communications. The organization also hosts large, cross-issue, cross-movement gatherings that are open to everyone invested in a just transition to a sustainable world. With a workforce of 16 individuals, the New Economy Coalition embodies a commitment to fostering a better world through economic and political transformation.


Official website here: www.neweconomy.net

What are the reviews and ratings of this charity?

Charity Navigator Rating: 95% (Four-Star out of Four Stars)

New Economy Coalition Inc has received a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score of 95% is particularly notable as it is based entirely on its accountability metrics, indicating high levels of transparency and responsible financial management.

The organization boasts a fully independent board, with all 12 members free from conflicts of interest. It excels in several financial areas, including a low ratio of liabilities to assets, a significant percentage of program expenses, and impressive fundraising efficiency. Additionally, it maintains robust policies for oversight, including an audit committee and whistleblower protections.

Despite the positive financial indicators, the summary does not mention any specific challenges or limitations faced by the organization, suggesting that it is currently operating effectively and efficiently. Overall, New Economy Coalition Inc demonstrates a commitment to accountability, making it a trustworthy choice for potential donors and supporters.


This AI summary has been generated from information found on Charity Navigator.

Is New Economy Coalition Inc legitimate?

New Economy Coalition Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Economy Coalition Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $66,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $872,373

For more financial information, click here


Official website here: www.neweconomy.net

What is the mission statement of New Economy Coalition Inc?

The New Economy Coalition Inc exists to facilitate a fair transition from an extractive to a regenerative economy, focusing on empowering Black, Indigenous, and working-class communities across the United States. Their mission is to build the scale and power of the solidarity economy movement, aiming to transform economic and political systems to address interconnected issues such as racial, economic, and climate justice, true democratic governance, and community ownership. The coalition connects and supports its network of over 200 organizations, fostering collaboration, skill-sharing, and mutual aid, while providing resources to grassroots groups impacted by injustice and environmental destruction. They strive to build momentum for their members' actions, initiatives, and campaigns, and hold large, cross-issue gatherings to foster connections and knowledge-building.


Official website here: www.neweconomy.net

Who is the CEO of New Economy Coalition Inc?

Bryana Difonzo is the Director of New Economy Coalition Inc.


Official website here: www.neweconomy.net

What is the revenue of New Economy Coalition Inc?

New Economy Coalition Inc's revenue in 2022 was $2,415,370.


Official website here: www.neweconomy.net

Who are the executives of New Economy Coalition Inc and what are their salaries?

The average compensation at New Economy Coalition Inc during 2022 was $58,698. There are 16 employees at New Economy Coalition Inc.


Here are 13 key members and their salaries:


Julia Ho (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Mascarenhas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kate Poole (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Lindo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renee Hatcher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Libbie Cohn (Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mekyah Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Ferris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yuki Kidokoro (General Circle Rep)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Strode (Secretary, General Circle Rep)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacey Sutton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Tittle (Co-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryana Difonzo (Organizational Resilience Director)
  • Compensation: $50,509
  • Related: $0
  • Other: $16,182


Official website here: www.neweconomy.net

Where can I find the form 990 for New Economy Coalition Inc?

New Economy Coalition Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.neweconomy.net

Learn more at the official website: www.neweconomy.net

Mission Statement of New Economy Coalition Inc

The New Economy Coalition, an organization composed of over 200 member groups, aims to foster a just transition from an extractive to a regenerative economy, with a particular focus on empowering Black, Indigenous, and working-class communities in every region of the United States. This transition entails building the scale and power of the solidarity economy movement, a shift that places power in the hands of people and uplifts the legacies of those who have suffered from historical harm.

The New Economy Coalition is driven by a belief that addressing various struggles, such as racial, economic, and climate justice; fostering true democratic governance and community ownership; and cultivating prosperity rooted in interdependence with the earth's natural systems, are deeply interconnected. Recognizing the challenge of building a better world necessitates a fundamental transformation of our economic and political systems.

In pursuing its mission, the New Economy Coalition connects its member organizations working across various issues and movements, enabling them to collaborate, share skills, and provide mutual aid. The organization regularly solicits feedback from its members and provides trainings and tools based on the needs and interests expressed by its members. The New Economy Coalition resources grassroots groups that have been deeply impacted by injustice and environmental destruction, working with them to develop cutting-edge, just, democratic, and sustainable strategies and solutions. The organization builds momentum for its members' actions, initiatives, and campaigns through effective communications, reaching a wide audience. Additionally, the New Economy Coalition hosts large, cross-issue, cross-movement skill-building, connection-building, and knowledge-building gatherings that are open to everyone invested in a just transition to a sustainable world.

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Impact




June, 2024

New Economy Coalition Inc is making a significant impact by supporting a just transition from an extractive to a regenerative economy. Through organizing a network of over 200 organizations, they are envisioning and building just economies that empower people and challenge harmful legacies. They believe in the interconnectedness of struggles for racial, economic, and climate justice, democratic governance, community ownership, and prosperity rooted in harmony with the Earth's natural systems.

By connecting member organizations across various issues and movements, providing resources to grassroots groups, and amplifying their actions through effective communications, New Economy Coalition Inc is building momentum for a sustainable world. Their efforts to foster collaboration, skill-building, and knowledge-sharing are contributing to the growth of the solidarity economy movement in Black, Indigenous, and working-class communities across the United States.

Through their mission-driven work, New Economy Coalition Inc is driving systemic change and advancing solutions that prioritize justice, democracy, and sustainability.




This information is meant to be a general summary of New Economy Coalition Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,415,370 (2022)
Expenses
$2,003,560 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,774
  • Program Service Revenue: $13,813
  • Gross Receipts: $2,415,370

Assets and Liabilities:

  • Total Assets: $2,276,177
  • Total Liabilities: $431,886
  • Net Assets: $1,844,291

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE

Revenue

$13,813

Organization Details

Founding Year

1980

Principal Officer

Bryana Difonzo

Main Address

PO BOX 390503, CAMBRIDGE, MA, 02139

NTEE Category

Code: C01 - Environment

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