The Mcnew Project
Nonprofit profile at a glance
- EIN
- 392535426
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025
- Location
- Birmingham, AL, USA
- Phone
- 2055291472
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alzheimer's Disease
Reported finances
- Revenue
- $74,306
- Expenses
- $49,840
- Assets
- $35,035
- Liabilities
- $10,569
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- DANIEL S NEW (PRESIDENT)
People named in this filing
- DANIEL S NEW (PRESIDENT)
- BRANDON MCBAY (DIRECTOR)
- ETHAN HIATT (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mcnew project's mission channels community events and professional networks into funding charitable, educational, and scientific initiatives that improve health, hope, and equal opportunity.
What it reported doing in 2025
During its inagural year of operations, the mcnew project provided research grants and collaborated with the alzhiemer's association of Alabama to accelerate scientific discovery. This collaboration supported caregiver education, early-detection outreach, and quality-care progams for individuals affected by alzheimer's and related dementias.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 80% of its reported program spending out as grants.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 100
- Sustainability: 58
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.1%; rating input score 67
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 32.9%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 0.7; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.3; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 67.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $50K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.