EIN 72-1297875

Newcorp

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
1995
Most recent tax filings
2022-12-01
NTEE code, primary
Description
NewCorp, Inc. is a private non-profit 501(C)(3) CDFI that provides financial products and services, technical assistance, training, counseling and advisory services to small/medium, underserved businesses.
Total revenues
$1,647,488
2022
Total expenses
$1,267,116
2022
Total assets
$11,879,198
2022
Num. employees
7
2022

Program areas at Newcorp

NewCorp, Inc. is a private non-profit 501(C)(3) CDFI that provides financial products and services, technical assistance, training, counseling and advisory services to small/medium, underserved businesses.

Who funds Newcorp

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Kresge FoundationThis Grant Provides General Operating Support To Newcorp, Inc. To Evolve From A Transactional Loan Fund To Becoming A True Driver of Economic Development for Underserved Communities in New Orleans, As Part of the Foundations Racial Justice Response Plan. This Grant Falls Under the Community Economics Strategy Which Aims To Build An Ecology That Supports Small Businesses Owned By People of Color in Kresges Focus Cities.$200,000
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$175,000
Opportunity Finance Network (OFN)2022 Renewable Energy Efficient Grant$150,000
...and 2 more grants received

Personnel at Newcorp

NameTitleCompensation
Vaughn R FauriaPresident$210,000
Vaughn RandolphPresident | Executive Director
Roseangel TaylorDirector of Operations
Victor Robinson, CPAController
Catelyn WilliamsConstruction Project Manager
...and 5 more key personnel

Financials for Newcorp

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,129,882
Program services$512,782
Investment income and dividends$0
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$4,824
Total revenues$1,647,488

Form 990s for Newcorp

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-08990View PDF
2019-122022-01-14990PFView PDF
2018-122019-11-05990PFView PDF
2016-122017-11-17990PFView PDF
2015-122016-10-05990PFView PDF
...and 5 more Form 990s
Data update history
January 1, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 1, 2024
Updated personnel
Identified 4 new personnel
December 29, 2023
Updated personnel
Identified 5 new personnel
December 25, 2023
Used new vendors
Identified 1 new vendor, including
December 23, 2023
Received grants
Identified 4 new grant, including a grant for $200,000 from Kresge Foundation
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCommunity Development Financial InstitutionsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
2533 Columbus St Suite 204
New Orleans, LA 70119
Metro area
New Orleans-Metairie, LA
County
Orleans Parish, LA
Website URL
newcorpinc.com/ 
Phone
(504) 208-1700
IRS details
EIN
72-1297875
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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