New Incentives

Nonprofit profile at a glance

EIN
452368993
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2013
Location
Covina, CA, USA
Phone
4157977639
Rating
84
Verdict
STRONG
Rating confidence
Standard
Sector
International Relief

Reported finances

Revenue
$10,295,787
Expenses
$25,825,420
Assets
$89,657,978
Liabilities
$825,228

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • SVETHA JANUMPALLI (DIRECTOR AND CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • PRATYUSH AGARWAL (DIRECTOR AND CHIEF OPERATING OFFICER): $359,577 total reported compensation
  • SVETHA JANUMPALLI (DIRECTOR AND CHIEF EXECUTIVE OFFICER): $359,447 total reported compensation
  • ELIZABETH HIXSON (SR. COMM. & DEV. ASSOCIATE): $150,785 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule onew incentives implements evidence-based programming to save lives in a manner that does the most good per dollar. We provide cash incentives to increase childhood vaccination rates.core valuescaregivers firstinfants and their caregivers are our top priority.accountabilitywe value transparency and scrutiny. We incorporate tracking and verification in all of our work, and promote critical thinking and professional skepticism.integritywe have zero tolerance for dishonesty. We are guided by the principles of incorruptibility, meritocracy, and impartiality. We stand upon the moral courage of each team member.pursuit of excellencewe believe in pursuing excellence by using science, evidence, and data to drive program design and implementation. We measure, test and iterate, and value feedback loops.

What it reported doing in 2024

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 8,754,280 cash transfers to caregivers after verifying completion of required immunizations and enrolled 1,735,095 caregivers and their infants into the ccts for routine immunizations program.note: the $18,000,000 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 2024, new incentives enrolled 1,735,095 infants in the cct program with 498,135 immunization days, and are now operating in 182 lgas with 6,477 clinics.

Operating model

Revenue model
Donor-supported. 80% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 74% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 75
  • Accountability: 81
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.2%; rating input score 94
  • Fundraising efficiency: $62.44 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -150.8%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 3.47; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 34.6% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 24.3% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 33.8% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.2% of spending went to programs
  • Governance: 4 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $24.3M in reported program spending
  • Leadership: top reported pay $360K · 7 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $1.6M reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 7 filed schedules · includes major donors, foreign activity, executive pay, and related organizations
  • Filing history: 8 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
  • High — Sustainability: Operating margin scored 0/100.