Overview
What is New Incentives?
New Incentives is a forward-thinking nonprofit organization dedicated to saving lives through evidence-based programming. They prioritize caregivers and infants, emphasizing accountability, integrity, and a pursuit of excellence. New Incentives' mission involves providing cash incentives to increase childhood vaccination rates, which has proved effective in reducing vaccine-preventable deaths. In Nigeria, through their Nigeria-based initiative, All Babies Are Equal Initiative (ABAE), they disbursed over 2 million cash transfers to caregivers upon completion of required immunizations, while enrolling 630,000+ caregivers and their infants into their program. Operating in 96 Local Government Areas (LGAs) with 3,392 clinics, New Incentives' work in 2022 enrolled 630,219 infants and facilitated 114,553 immunization days.
Official website here: www.newincentives.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
New Incentives has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting exceptional performance in accountability and finance, impact and measurement, and leadership. With a perfect score of 100% across all evaluated categories, the organization demonstrates strong governance and financial health, ensuring that donor contributions are effectively utilized for their mission.
The charity's strong leadership is evidenced by a majority of independent board members, robust financial practices, and a comprehensive set of policies that promote transparency and ethical operations. Their program expense ratio of 92.45% indicates a significant commitment to directing funds towards their programs, while a low fundraising efficiency ratio of $0.002 showcases their effectiveness in raising funds with minimal costs.
While the data indicates stellar performance, it is crucial for potential donors to consider how the organization adapts to changing environments and ongoing impact evaluations. New Incentives' dedication to leadership development and adaptability suggests a proactive approach to sustainability and growth, making them a reliable choice for philanthropic investment.
This AI summary has been generated from information found on Charity Navigator.
Is New Incentives legitimate?
New Incentives is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Incentives 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: $631,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $128,366
For more financial information, click here
Official website here: www.newincentives.org
What is the mission statement of New Incentives?
New Incentives is a mission-driven organization that aims to save lives effectively by implementing evidence-based programming. They prioritize the well-being of caregivers and infants above all else. Accountability is a core value, with a commitment to transparency and rigorous tracking and verification in all their initiatives. Integrity is non-negotiable, with a strict policy against dishonesty and a focus on moral courage. The pursuit of excellence drives their work, relying on science, evidence, and data to design and implement programs, and continually assessing and refining their approaches through feedback loops.
Official website here: www.newincentives.org
Who is the CEO of New Incentives?
Svetha Janumpalli is the CEO of New Incentives The CEO's salary of New Incentives is $312,200 and their total compensation is $315,800.
Official website here: www.newincentives.org
What is the revenue of New Incentives?
New Incentives's revenue in 2023 was $26,514,991.
Official website here: www.newincentives.org
Who are the executives of New Incentives and what are their salaries?
The average compensation at New Incentives during 2023 was $253,322. There are 3 employees at New Incentives.
Here are 6 key members and their salaries (New Incentives's CEO's salary is $312,200 and their total compensation is $315,800):
- Compensation: $312,200
- Related: $0
- Other: $3,600
- Compensation: $312,200
- Related: $0
- Other: $3,600
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newincentives.org
Where can I find the form 990 for New Incentives?
New Incentives's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newincentives.org
Learn more at the official website: www.newincentives.org
Mission Statement of New Incentives
New Incentives, a mission-driven organization, strives to save lives in the most effective way possible by implementing evidence-based programming. They focus on increasing childhood vaccination rates through cash incentives. The team at New Incentives prioritizes the well-being of caregivers and children above all else, demonstrating their commitment to this cause.
New Incentives operates under core values that emphasize accountability, integrity, and the pursuit of excellence. The team is dedicated to transparency and scrutiny, implementing tracking and verification in all aspects of their work. They promote critical thinking and professional skepticism, ensuring that their efforts are guided by meritocracy and impartiality.
The organization is driven by a strong belief in the power of science, evidence, and data. They design and implement programs with rigorous testing, iteration, and a commitment to feedback loops. New Incentives stands on the moral courage of each team member, as they work together to make a positive impact on the lives of children and their caregivers.
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Impact
October, 2024
New Incentives has made a significant impact on childhood vaccination rates in Nigeria through its innovative conditional cash transfer program. By incentivizing mothers and caregivers with cash transfers, the organization encourages them to vaccinate their infants according to the Nigerian routine immunization schedule. This approach directly addresses vaccine-preventable deaths, which are a critical issue in the region.
In a recent implementation, New Incentives successfully enrolled over 630,000 caregivers and their infants in its program, resulting in the disbursement of over two million cash transfers. The initiative emphasizes rigorous verification processes to ensure compliance with vaccination requirements, promoting accountability and transparency throughout its operations. The program operates in 96 local government areas and includes nearly 3,400 clinics, demonstrating a substantial expanded reach.
Additionally, New Incentives has demonstrated a commitment to evidence-based practices, continuously measuring and refining its approach to maximize impact. With its strong focus on caregiver support and adherence to strict eligibility criteria, New Incentives has positioned itself as a leader in enhancing public health outcomes and saving lives through effective immunization strategies.
This information is meant to be a general summary of New Incentives. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,189,874
- Gross Receipts: $26,514,991
Assets and Liabilities:
- Total Assets: $98,742,689
- Total Liabilities: $363,250
- Net Assets: $98,379,439
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Organization Details
Founding Year
2011
Principal Officer
Svetha Janumpalli
Website
www.newincentives.orgNTEE Category
Code: Q33 - International
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