EIN 45-2368993

New Incentives

IRS 501(c) type
501(c)(3)
Num. employees
4
City
Year formed
2011
Most recent tax filings
2022-12-01
NTEE code, primary
Description
New Incentives operates a conditional cash transfer program through its Nigerian-based organization, ABAE, with a mission to reduce poverty and improve health outcomes for women, caregivers and infants by providing financial assistance. The program incentivizes mothers and caregivers in Nigeria to vaccinate their infants according to Nigerian guidelines.
Also known as...
CCT Marketplace
Total revenues
$80,025,957
2022
Total expenses
$10,048,327
2022
Total assets
$98,742,689
2022
Num. employees
4
2022

Program areas at New Incentives

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 2,023,515 cash transfers to caregivers after verifying completion of required immunizations and enrolled 630,116 caregivers and their infants into the ccts for routine immunizations program.note: the $7,732,976 under grants paid by the 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 2022, New Incentives enrolled 630,219 infants in the cct program with 114,553 immunization days, and are now operating in 96 lgas with 3,392 clinics.

Who funds New Incentives

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
GiveWellOperating Support$53,485,194
Silicon Valley Community Foundation (SVCF)International Development$13,678,963
Effective Ventures Foundation USAImproving Global Health and Wellbeing$645,607
...and 33 more grants received totalling $68,915,696

Personnel at New Incentives

NameTitleCompensation
Praveen SeshadriChief Executive Officer
Svetha JanumpalliFounder and Chief Executive Officer$257,200
Pratyush AgarwalFounder and Chief Operating Officer$257,200
Jobel de RosasDirector of Finance
Khaly ZiraHuman Resources Director
...and 14 more key personnel

Financials for New Incentives

RevenuesFYE 12/2022
Total grants, contributions, etc.$79,349,471
Program services$0
Investment income and dividends$676,486
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$80,025,957

Form 990s for New Incentives

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-31990View PDF
2021-122022-10-28990View PDF
2020-122021-11-12990View PDF
2019-122021-04-02990View PDF
2018-122020-01-21990View PDF
...and 5 more Form 990s

Organizations like New Incentives

OrganizationLocationRevenue
Alima UsaNew York, NY$26,301,017
Orphan Grain Train (OGT)Norfolk, NE$51,205,587
World HelpForest, VA$37,584,500
Children's Hunger FundSylmar, CA$176,314,987
Giving Children Hope (GCHope)Buena Park, CA$29,949,338
Hope WorldwideAtlanta, GA$39,565,397
Hope for HaitiNaples, FL$34,977,098
GiveDirectlyNew York, NY$175,713,344
Life For Relief and DevelopmentSouthfield, MI$38,770,096
UnboundKansas City, KS$139,968,625
Data update history
August 10, 2024
Received grants
Identified 6 new grant, including a grant for $645,607 from Effective Ventures Foundation USA
May 18, 2024
Received grants
Identified 3 new grant, including a grant for $22,672 from American Online Giving Foundation
March 11, 2024
Updated personnel
Identified 9 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Received grants
Identified 14 new grant, including a grant for $53,485,194 from GiveWell
Nonprofit Types
International-focused organizationsFamily service centersCharities
Issues
Women and girlsForeign affairsInternational development
Characteristics
Operates internationallyNational levelTax deductible donationsAccepts online donations
General information
Address
440 N Barranca Ave Unit 6133
Covina, CA 91723
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
newincentives.org/ 
Phone
(415) 797-7639
IRS details
EIN
45-2368993
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Q33: International Relief
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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