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Nonprofit · EIN 88-1121024

NEW COMMUNITY PROJECT INC

Tax-exempt · BRONX, NY 10471

Financials

$178K$150K2023$516K$335K2024
Revenue Expenses · by fiscal year end
Financials of NEW COMMUNITY PROJECT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$516,180$334,551$181,629$286,509$19,014$267,495
December 31, 2023990-EZ$178,478$149,933$28,545$101,338$8,906$92,432
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$516,180
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$70,024
Other salaries and wages
$25,000
Salaries, compensation and benefits (total)
$102,293
Professional fundraising fees
$0
Accounting fees
$6,327
Occupancy
$11,025
Travel
$13,721
Depreciation
$251
Program services (functional)
$242,772
Management and general (functional)
$62,347
Fundraising (functional)
$29,432

Balance sheet and other

Total assets, start of year
$101,522
Total assets, end of year
$286,509
Total liabilities, end of year
$19,014
Net assets, end of year
$267,495
Land, buildings and equipment
$3,512
Net assets without donor restrictions
$122,114
Net assets with donor restrictions
$145,381
Gross receipts
$516,180
Employees
3
Volunteers
20
Year formed
2022
State of legal domicile
NY

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Chidi AsolukaFounder and CEO
Officer
30$75,000
Ofunne EdoziemFounding Board Member and Secretary
Trustee or director
1$0
Alex BrunsonBoard Member
Trustee or director
1$0
Margo Alexandra BoykinsBoard Member
Trustee or director
1$0
Mim RichardsonBoard Member
Trustee or director
1$0
Benito PiuzziBoard Chair
Trustee or director, Former
1$0
Lizabeth MurphyBoard Member
Trustee or director, Former
1$0
Gina MonahanBoard Member
Trustee or director, Former
1$0
990-EZ for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
Chidi AsolukaFounder and CEO25$16,105
Ofunne EdoziemFounding Board Member and Secretary1$0
Benito PiuzziBoard Chair1$0
Margo Alexandra BoykinsBoard Member1$0
Alex BrunsonBoard Member1$0
Lizabeth MurphyBoard Member1$0
Gina MonahanBoard Member1$0

Address and contacts

Address (IRS master file)
4400 TIBBETT AVE, BRONX, NY 10471-3416
Principal officer (990 for 2024)
Chidi Asoluka, 4400 Tibbett Ave, Bronx, NY 10471
Signed the 990
Chidi Asoluka, Chief Executive Officer
Phone
(973) 801-1496

Mission

NewComm is an educational organization providing academic enrichment, college preparation, and leadership development services to low income high school students through project-based learning and community engagement

990 for the year ended December 31, 2024

Program accomplishments

  • NewComm is a learning community of Fellows and Members that supports high school students in using core academic subjects-literary analysis and mathematics-to design and implement $10,000 community projects. Over two years, our students have impacted 300+ people through their community work. The program begins with a four-week summer institute combining literary analysis, data study, and fieldwork, . Students study literary works to explore societal challenges and apply these insights to real-world contexts through our "literary science" approach. Throughout the year, students participate in monthly design studios, virtual math roundtables, and SAT preparation programming-with students averaging 200-point increases in their first year of operation. They receive stipends and mentorship to execute their projects and prepare for college. The Net Gala connects 100 NYC students with 50 industry professionals, facilitating networking, mentorship, and discussions about healthcare careers. Students bring resumes and explore internship opportunities, fostering relationships that influence their future paths. The NewComm Supper Club is an intimate, invitation-only dinner series where Fellows and Members engage in rich dialogue with industry professionals over shared meals. Designed to blur the lines between mentorship, networking, and education, each Supper Club centers around themes that connect student interests with real-world expertise.
    Expenses $242,772 · revenue $370,799

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
88-1121024
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$286,509
Income (IRS master file)
$516,180

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$370,800$322,037$141,379XML
990-EZDecember 2023$178,478$149,933$101,338XML
990-EZDecember 2022–––IRS

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 88-1121024).

Questions about NEW COMMUNITY PROJECT INC

What is the EIN of NEW COMMUNITY PROJECT INC?
The employer identification number (EIN) of NEW COMMUNITY PROJECT INC is 88-1121024.
Is NEW COMMUNITY PROJECT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to NEW COMMUNITY PROJECT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW COMMUNITY PROJECT 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 NEW COMMUNITY PROJECT INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW COMMUNITY PROJECT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NEW COMMUNITY PROJECT INC?
The 990 for the year ended December 31, 2024 names Chidi Asoluka.
Who are the officers and directors of NEW COMMUNITY PROJECT INC?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $75,000 (Chidi Asoluka, Founder and CEO).
How much revenue does NEW COMMUNITY PROJECT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $516,180, expenses of $334,551 and total assets of $286,509 at year end.

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