Nonprofit · EIN 83-4203520
NEWU INC
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $712,317 | $674,991 | $37,326 | $902,591 | $1,234,870 | -$332,279 |
| June 30, 2024 | 990 | $630,845 | $605,477 | $25,368 | $114,270 | $483,875 | -$369,605 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $205,642
- Program service revenue
- $506,675
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $318,390
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $73,207
- Salaries, compensation and benefits (total)
- $89,417
- Professional fundraising fees
- $0
- Legal fees
- $6,304
- Accounting fees
- $1,033
- Occupancy
- $101,222
- Travel
- $8,855
- Depreciation
- $9,475
- Program services (functional)
- $630,822
- Management and general (functional)
- $44,169
Balance sheet and other
- Total assets, start of year
- $114,270
- Total assets, end of year
- $902,591
- Total liabilities, end of year
- $1,234,870
- Net assets, end of year
- -$332,279
- Land, buildings and equipment
- $740,962
- Net assets without donor restrictions
- -$362,279
- Net assets with donor restrictions
- $30,000
- Gross receipts
- $712,317
- Employees
- 21
- Volunteers
- 10
- Year formed
- 2019
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steven Mitchell Pinkowski | Corporate Secretary and Member of the Board of Directors Trustee or director | 1 | $0 |
| Kenneth Ward | Member of the Board of Directors Trustee or director | 1 | $0 |
| Cody Hyman | Member of the Board of Directors Trustee or director | 1 | $0 |
| Stratsimir Kulinski | President and CEO Institutional trustee, Officer | 60 | $0 |
| Elena Krumova | Chief Academic Officer Officer | 40 | $0 |
| Viktoriya Zotova | CFO Officer | 40 | $0 |
| Joshua Morrison | Chief Student Journey Officer Officer | 30 | $0 |
| Jonas Rolett | Chief Development Officer Officer | 10 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steven Mitchell Pinkowski | Corporate Secretary and Member of the Board of Directors Trustee or director | 1 | $0 |
| Kenneth Ward | Member of the Board of Directors Trustee or director | 1 | $0 |
| Cody Hyman | Member of the Board of Directors Trustee or director | 1 | $0 |
| Stratsimir Kulinski | President and CEO Institutional trustee, Officer | 60 | $0 |
| Viktoriya Zotova | CFO Officer | 40 | $0 |
| Elena Krumova | Chief Academic Officer Officer | 40 | $0 |
| Joshua Morrison | Chief Student Journey Officer Officer | 30 | $0 |
| Jonas Rolett | Chief Development Officer Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 1156 15TH ST NW, WASHINGTON, DC 20005-1704
- In care of
- % STRATSIMIR KULINSKI
- Principal officer (990 for 2024)
- Stratsimir Kulinski, 1400 16th St NW Ste 605, Washington, DC 20036
- Signed the 990
- Stratsi Kulinski, CEO
- Phone
- (202) 968-1001
- Website
- https://newu.university/
- 990-N for 2021 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Stratsimir Kulinski, 655 15th St NW, Washington DC 20005. Mailing address: 1090 Vermont Ave NW, Washington DC 20005. Website: https://newu.university
Mission
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.
Program accomplishments
- 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.Expenses $630,822 · grants $318,390 · revenue $712,317
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 83-4203520
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B42)
- Assets (IRS master file)
- $902,591
- Income (IRS master file)
- $712,317
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $712,317 | $674,991 | $902,591 | XML |
| 990 | June 2024 | $630,845 | $605,477 | $114,270 | XML |
| 990-EZ | June 2023 | – | – | – | IRS |
| 990-N for 2021 Officer: Stratsimir Kulinski Filed under this EIN, most likely by a chapter or affiliate | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Stratsimir Kuinski Filed under this EIN, most likely by a chapter or affiliate | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Stratsimir Kulinski Filed under this EIN, most likely by a chapter or affiliate | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: STRATSIMIR KULINSKI Filed under this EIN, most likely by a chapter or affiliate | June 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-4203520).
Questions about NEWU INC
- What is the EIN of NEWU INC?
- The employer identification number (EIN) of NEWU INC is 83-4203520.
- Is NEWU INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to NEWU INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEWU INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEWU INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEWU INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEWU INC?
- The 990 for the year ended June 30, 2025 names Stratsimir Kulinski.
- Who are the officers and directors of NEWU INC?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does NEWU INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $712,317, expenses of $674,991 and total assets of $902,591 at year end.
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