Public Charity

NEWU INC

Based in Washington, DC, NEWU INC operates as a Public Charity. The organization reported $712K in revenue, $675K in expenses, $903K in total assets for fiscal year 2025.

EIN: 834203520 Washington, DC Undergraduate Colleges NTEE: B42 Latest filing: 2025
Total Revenue$712K
Total Expenses$675K
Total Assets$903K
Grant Records0
Filing Years2023–2025

Mission

NewU's mission is to empower students to become successful, resilient, socially engaged, and ethical citizens of the world for life. NewU provides affordable programs in a supportive environment with no hidden fees, no debt traps, and no fluff - just high-quality career-focused education designed to transform lives. We are part of the movement to fix what's broken in higher ed and our vision is to bring our innovations and solutions nationwide.

Where $100 goes at Newu Inc

How Newu Inc divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.

$93 Programs the work itself
$7 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $93 for programs

$93
Newu University is a nonprofit institution reimagining higher education by providing high-quality, in-person instruction that is truly affordable and accessible-without the need for student loans
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Member of the Board of Directors Cody Hyman
Chief Academic Officer Elena Krumova
Chief Development Officer Jonas Rolett
Chief Student Journey Officer Joshua Morrison
Member of the Board of Directors Kenneth Ward
Corporate Secretary and Member of the Board of Directors Steven Mitchell Pinkowski

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $712K $675K $903K
2024 $631K $605K $114K
2023 $111K $194K $61K

Between 2023 and 2025, reported annual revenue grew from $111K to $712K (+540%), with total assets most recently reported at $903K.

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

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