2025-11-17T09:39:29-07:00 2025-06-30 990 2024-07-01 834203520 NEWU INC NEWU 2029681001 1156 15th St NW Ste 605 Washington DC 20005 Stratsi Kulinski CEO 2029681001 2025-06-01 1 2024 2025-03-06 01:10:19Z NewU University Stratsimir Kulinski 1400 16th St NW Ste 605 Washington DC 20036 712317 0 X https://newu.university/ X 2019 DC A private nonprofit college in Washington, DC, NewU offers the first 3-year, in-person career-focused Bachelor's degree programs with no summer semesters or course overloads. Our innovations have made college shorter, more practical, and truly affordable. 3 3 21 10 0 0 136881 205642 493024 506675 0 0 940 0 630845 712317 299750 318390 0 0 124124 89417 0 0 0 181603 267184 605477 674991 25368 37326 114270 902591 483875 1234870 -369605 -332279 NewU's mission is to empower students to become successful, resilient, socially engaged, and ethical citizens of the world for life. NewU provides affordable programs in a supportive environment with no hidden fees, no debt traps, and no fluff - just high-quality career-focused education designed to transform lives. We are part of the movement to fix what's broken in higher ed and our vision is to bring our innovations and solutions nationwide. 0 0 630822 318390 712317 NewU University is a nonprofit institution reimagining higher education by providing high-quality, in-person instruction that is truly affordable and accessible-without the need for student loans. NewU's contemporary, career-focused curriculum and intentionally lean business model prioritize teaching, student support, and career readiness over administrative overhead or research. This approach enables students to earn a Bachelor's degree in just three years at a significantly lower cost than traditional colleges, reducing financial barriers and improving both educational and workforce readiness. In June 2025, NewU's first cohort of students graduated with a Bachelor's degree only three years after starting the program. The graduation rate is significantly above the national average for the populations served. The employment outcomes have been transformative. 0 0 0 630822 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 21 1 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X NewU Inc 2029681001 1156 15th St NW Ste 605 Washington DC 20005 X Steven Mitchell Pinkowski Corporate Secretary and Member of the Board of Directors 1 0 X 0 0 0 Kenneth Ward Member of the Board of Directors 1 0 X 0 0 0 Cody Hyman Member of the Board of Directors 1 0 X 0 0 0 Stratsimir Kulinski President and CEO 60 0 X X 0 0 0 Elena Krumova Chief Academic Officer 40 0 X 0 0 0 Viktoriya Zotova CFO 40 0 X 0 0 0 Joshua Morrison Chief Student Journey Officer 30 0 X 0 0 0 Jonas Rolett Chief Development Officer 10 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 205642 61380 205642 506675 506675 0 0 506675 0 0 0 0 0 0 712317 506675 0 0 0 0 318390 318390 0 0 0 0 0 0 0 0 0 0 0 0 73207 73207 0 0 0 0 0 0 0 0 0 0 16210 16210 0 0 0 0 0 0 6304 0 6304 0 1033 0 1033 0 0 0 0 0 0 0 0 0 0 0 45101 45101 0 0 24689 24689 0 0 4493 1348 3145 0 9762 3784 5978 0 0 0 0 0 101222 101222 0 0 8855 2656 6199 0 0 0 0 0 15966 11176 4790 0 7741 0 7741 0 0 0 0 0 9475 9475 0 0 3291 0 3291 0 Miscellaneous 7591 1903 5688 0 21661 21661 0 0 674991 630822 44169 0 16929 26302 0 0 0 0 72734 98446 0 0 0 0 0 0 0 0 17016 36881 740962 0 7591 740962 0 0 0 0 0 0 0 0 0 0 114270 902591 35120 9547 0 0 26660 8419 0 0 0 0 304654 304654 0 0 117441 139858 772392 483875 1234870 X -369605 -362279 0 30000 -369605 -332279 114270 902591 37326 0 0 0 0 0 X 1 X 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 65767 0 65767 0 675195 0 675195 740962 0 Current liabilities from long-term lease 169846 Long-term liabilities from long-term lease 578924 Revenue contingent liabilities 23622 772392 2167703 0 1455386 0 0 1455386 712317 0 0 0 712317 2130377 1455386 0 0 0 1455386 674991 0 0 0 674991 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Schedule E, Part I, Line 3 It is on the home page under Policies. 1 All grants are institutional aid to students based on demonstrated financial need. 33 318390 0 Fair market value if tuition waived All grants are institutional aid to students based on demonstrated financial need. Seventy percent of the students report that they would not be in college if not for NewU, specifically because NewU has made college truly affordable. Schedule I, Part I, Line 2 NewU has a Financial Aid policy (available on the website) and awards scholarships to its students based on demonstrated financial need. The criteria are clearly outlined and followed consistently. This is ensured through a robust and safe electronic record keeping system. Stratsimir Kulinski Founder Working capital X 347608 304654 0 1 1 304654 X Office furniture 1 61380 Fair market value 0 0 1 0 Form 990, Part VI, Section A, Line 6 The organization has members. Form 990, Part VI, Section A, Line 7a Members of the corporation have reserved rights to elect or appoint members of the Board of Directors as outlined in the Bylaws, but such rights have never been exercised. Form 990, Part VI, Section B, Line 11b The CFO drafts the complete 990 form. The CFO emails the completed form to all voting members of the Board and to the CEO. Any comments or suggested edits are discussed and finalized. The CEO authorizes the filing. Form 990, Part VI, Section B, Line 12c The organization makes material decisions - both operationally and at the governing body - following at all times a set of policies and procedures that are designed to ensure that conflicts of interest are monitored, disclosed where such may exist, and recusals by interested parties are in place before a decision is made. All policies are publicly available at https://newu.university/policies. Form 990, Part VI, Section B, Line 15 The organization uses peers and industry benchmarks as published in the Chronicle of Higher Education, Indeed.com, and other independent industry sources. Thus far, the CEO and top management have operated pro bono. Form 990, Part VI, Section C, Line 19 The organization publishes all policies and procedures on its website, https://newu.university/policies. Financial statements and governing documents are disseminated through GuideStar. NewU has a Platinum Seal of Transparency on GuideStar.