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NEW COMMUNITY PROJECT INC

Bronx, NY · EIN 881121024 · Form 990 · FY2024 · NTEE O50 · Youth Development · Small ($100K-$1M) · newcommproject.org
revenue
$516K
expenses
$335K
net assets
$267K
employees
3
volunteers
20
program ratio
73%
mission · from form 990

NewComm is a 501(c)(3) educational nonprofit organization that operates a curated learning community for high school students from low income communities. The organization provides academic support, leadership development, and college preparation through community impact projects, mentorship, and partnerships with local companies.

profile · synthesized from sources

NewComm is a youth development nonprofit that creates student-led project teams to solve real community problems in partnership with institutions like hospitals and city agencies. High school students from low-income communities lead $10,000-budgeted projects, receive mentorship, and present solutions to expert panels and clients. The organization operates in New York City, primarily in the Bronx and Brooklyn, using a model that blends leadership development, academic support, and community impact.

named programs · 5 · from sources

What they call their work

Fellow Cohort Leaders
Two juniors elected by peers to oversee all project teams, identify systemic issues, and contribute to governance; they do not lead their own project but ensure cross-team coordination
Fellows Program
Eight high school students lead project teams with $10,000 budgets to solve real problems for institutional clients; they are paid based on deliverables and supported by expert review and mentorship
Legacy Circle
Senior students who transition into mentorship roles, leading workshops on college preparation and financial literacy while mentoring younger participants
Managing Partners
Two senior students help lead organizational strategy, mentor younger leaders, and advise staff on program improvements; they receive a monthly stipend and are considered for paid roles in college
Net Gala
Annual fundraising event designed and led by students, celebrating youth-led projects and connecting students with industry leaders; features honorees and scholarship awards
activities · 11 groups

What they do

  • Youth Entrepreneurship & Financial Literacy Education 2 activities
    • Hosts interactive festivals on financial literacy and career pathways
      Organizes ProspHER, an interactive festival that teaches financial literacy and alternative career pathways to young women of color through hands-on, professional-led stations.
    • Supports student-led projects with $10,000 budgets and real clients
      Enables high school students to lead and execute $10,000-funded projects for real external clients such as hospitals and city agencies, with support in budget management, prototyping, and expert review.
  • Local High School Scholarship Programs 1 activity
    • Awards book scholarships to graduating seniors
      Presents an annual $1,000 book scholarship to a graduating senior who demonstrates initiative, service, and deep community commitment.
  • Program Evaluation and Impact Research 1 activity
    • Conducts impact analysis and produces data-driven reports
      Performs research through impact analysis to measure program reach and outcomes, generating reports used by clients and stakeholders.
  • Benefit Events for Arts and Culture 1 activity
    • Hosts annual events to celebrate and fund student-led projects
      Organizes an annual fundraising gala (Net Gala) and community block party to celebrate student achievements, connect students with industry leaders, and raise funds for student-led initiatives.
  • Professional Networking Events 1 activity
    • Hosts monthly Supper Clubs and virtual roundtables for student-professional engagement
      Organizes monthly Supper Clubs and virtual community roundtables that facilitate peer-level conversations, speed networking, team trivia, and peer tutoring between students and professionals.
  • Startup Acceleration & Business Growth Support 1 activity
    • Hosts monthly design studio gatherings for project development
      Convenes monthly design studios where students collaborate with mentors, test prototypes, and receive feedback to advance their $10,000-funded projects.
  • College Access and Success Support 1 activity
    • Operates a learning community for high school students from low-income communities
      Provides academic support, leadership development, and college preparation to high school students from low-income communities, with programming that includes SAT prep, essay writing, and financial literacy workshops.
  • Student Career Readiness and Internship Placement 1 activity
    • Provides paid professional experience opportunities for students
      Places students in paid roles on student-led companies and project teams, offering professional experience in project execution and client delivery.
  • Summer Academic Enrichment Programs 1 activity
    • Runs summer programs for student project development
      Hosts a summer intensive at its two-story headquarters near Horace Mann School and at the University of Mount Saint Vincent, where students form teams, begin training, and develop projects as part of a structured fellowship program.
  • Youth and Student Entrepreneurship Competitions 1 activity
    • Runs the Roots & Routes project accelerator for student ventures
      Supports student-led businesses and innovations through the Roots & Routes accelerator, funding 10 ventures and providing training, mentorship, and public celebration of completed projects.
  • Uncategorized 2 activities
    • Develops and transitions project prototypes to institutions for long-term implementation
      Designs and prototypes student-led projects, then partners with institutions to transition successful models into sustainable, long-term programs.
    • Facilitates student access to resourced independent school facilities and networks
      Connects students from the Bronx and Brooklyn with the facilities and professional networks of resourced independent schools through hosted design studios and collaborative project spaces.
financials · form 990 · fy2024
revenue
Total revenue$516K
Contributions & grants$516K100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$335K
Program expenses73%
Admin / overhead19%
Fundraising9%
Salaries & benefits$102K
Grants paid out$0
Largest expense lineProfessional Fees
balance sheet
Total assets$287K
Cash$137K
Investments$0
Liabilities$19K
Net assets$267K
Liquid reserves4.9 mo
3 years on record · 2022–2024 · YoY revenue +189.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
Chidi Asoluka Founder and CEO 30 $75K
board members · 7
  • Alex Brunson — Board Member
  • Benito Piuzzi — Board Chair
  • Gina Monahan — Board Member
  • Lizabeth Murphy — Board Member
  • Margo Alexandra Boykins — Board Member
  • Mim Richardson — Board Member
  • Ofunne Edoziem — Founding Board Member and Secretary
relationships · 13

Who they work with

  • 914United Partner — Partnered with 914United to deliver the ProspHER financial empowerment festival for young women of color.
  • Deloitte Partner — Referenced as a contrast in pricing and approach, indicating a comparative partnership context in professional services.
  • Horace Mann School Partner — Co-presented the Net Gala and supported the founding of NewComm through a partnership initiated by Dr. Thomas M. Kelly.
  • Horace Mann School Partner — Founding partner since 2023, providing campus space and infrastructure for NewComm programs in the Bronx.
  • Horace Mann School Partner — Host site for New Community Project programming led by Site Leader Destiny Saldivar
  • Morgan Stanley Partner — Co-presented the Net Gala and supported NewComm’s youth empowerment initiatives.
  • Mt. Sinai Phillips School of Nursing Partner — Community client that brings real-world health-related problems for student teams to address through year-long projects.
  • NYC Dept. of Health and Mental Hygiene Partner — Community client that funds and commissions student project teams to solve real public health challenges in New York City.
  • New York Presbyterian Hospital Partner — Community client that funds and collaborates with student project teams to develop implementable solutions to community health issues.
  • Not specified Partner — Collaborates with real clients on $10,000 student-led projects, though specific client organizations are not named.
  • Poly Prep Country Day School Partner — Host site for New Community Project programming led by Site Leader Sekou Cox
  • Poly Prep Country Day School Partner — Partner since 2025, hosting NewComm design studios and student collaboration in Brooklyn.
  • local companies Partner — Partners with local companies to support youth development programs
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Experiential Learning Through Real-World Projects
    methodology: experiential_learning
    By engaging youth in the design and execution of actual community impact projects, we produce deeper learning and leadership development because hands-on, client-facing work fosters accountability, skill application, and systemic understanding that theoretical models cannot replicate.
  • Proximity-Based Leadership Pipeline
    methodology: proximity_to_professionals
    By connecting high school students directly with professionals through relationship-centered interactions and peer-level integration, we cultivate future leaders in fields like healthcare because sustained, non-hierarchical exposure builds identity, access, and professional fluency.
  • Student-Driven Leadership Development
    methodology: student_led_leadership
    By placing students from under-resourced communities in leadership roles within established institutions and enabling them to design and execute real-world projects, we develop effective future leaders because direct experience and ownership build agency, capability, and professional identity.