Public Charity

NEWCORP INC

NEWCORP INC, of New Orleans, LA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $2.6M in revenue, $1.0M in expenses, $12.5M in total assets. 11 publicly reported grants to this organization, totaling roughly $736K, appear in IRS filings.

EIN: 721297875 New Orleans, LA Latest filing: 2024
Total Revenue$2.6M
Total Expenses$1.0M
Total Assets$12.5M
Grant Records11
Funding Total$736K
Filing Years2022–2024

Mission

NewCorp, Inc. is a private non-profit 501(C)(3) CDFI that provides financial products and services, technical assistance, training, counseling and advisory services to small/medium, underserved businesses.

Officers & Directors

Treasurer Angela Obyrne
Member Gerald Johnson
Member James Ross
Member Monica Edwards
Member Rodderick Miller
Secretary Sheryl Howard

Officer compensation and complete director data available with membership.

Top Grant Purposes

DEVELOPMENT
$220,000 2 grants
2022 RENEWABLE ENERGY EFFICIENT GRANT
$150,000 1 grant
ECONOMIC DEVELOPMENT
$110,535 1 grant
COMMUNITY IMPROVEMENT
$85,403 2 grants
COMMUNITY DEVELOPMENT FUND
$50,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.6M $1.0M $12.5M
2023 $1.1M $1.2M $10.5M
2022 $1.6M $1.3M $11.9M

Between 2022 and 2024, reported annual revenue grew from $1.6M to $2.6M (+60%), with total assets most recently reported at $12.5M.

Interactive year-over-year charts and full filing details available with membership.

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