Civic Intelligence

Novo Mundo Foundation

EIN 82-1435813 • 501(c)3 • New York, NY

Profile

Novo mundo foundation mission is to operate to support and promote pre-college education, including through the funding of tuition and related costs for needy but deserving students, throughout the world and particularly in costa rica; and to grant funds to help compensate school teachers and staff and to provide educational supplies to schools, particularly teachers, staff, and schools in costa rica.

40 West 57th Street 1440New York, NY 10019-4001
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

0.96x

Higher debt load relative to assets than 94% of similar nonprofits.

NTEE T30 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

2.51x

Higher debt load relative to revenue than 97% of similar nonprofits.

NTEE T30 • <$500k nonprofits • Source year 2025

Net Margin

28th percentile

-11%

Higher net margin than 28% of similar nonprofits.

NTEE T30 • <$500k nonprofits • Source year 2025

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE T30 • <$500k nonprofits • Source year 2025

Asset Growth

47th percentile

-0.7%

Faster asset growth than 47% of similar nonprofits.

NTEE T30 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

93rd percentile

257%

Faster revenue growth than 93% of similar nonprofits.

NTEE T30 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$16,907

Down $116 (-0.7%) from 2024

Liabilities

Up

$16,185

Up $609 (+3.9%) from 2024

Net Assets

Down

$722

Down $725 (-50%) from 2024

Operations
Liabilities / Revenue97th percentileNet Margin28th percentile

Revenue

Up

$6,449

Up $4,645 (+257%) from 2024

Expenses

Down

$7,174

Down $5,263 (-42%) from 2024

Net Income

Up

-$725

Up $9,908 (+93%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0Assets 2018: $22,965Liabilities 2018: $22,9652018Assets 2019: $30,434Liabilities 2019: $0Net Assets 2019: $30,4342019Assets 2020: $35,861Liabilities 2020: $2,100Net Assets 2020: $33,7612020Assets 2021: $30,222Liabilities 2021: $4,665Net Assets 2021: $25,5572021Assets 2022: $24,669Liabilities 2022: $6,038Net Assets 2022: $18,6312022Assets 2023: $23,547Liabilities 2023: $11,467Net Assets 2023: $12,0802023Assets 2024: $17,023Liabilities 2024: $15,576Net Assets 2024: $1,4472024Assets 2025: $16,907Liabilities 2025: $16,185Net Assets 2025: $7222025

Highlighted filing

2025

Assets$16,907
Liabilities$16,185
Net Assets$722
Open 2025 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $96,126Expenses 2019: $65,692Net Income 2019: $30,4342019Revenue 2020: $71,454Expenses 2020: $68,127Net Income 2020: $3,3272020Revenue 2021: $27,025Expenses 2021: $35,229Net Income 2021: -$8,2042021Revenue 2022: $6,000Expenses 2022: $12,926Net Income 2022: -$6,9262022Revenue 2023: $34,506Expenses 2023: $41,057Net Income 2023: -$6,5512023Revenue 2024: $1,804Expenses 2024: $12,437Net Income 2024: -$10,6332024Revenue 2025: $6,449Expenses 2025: $7,174Net Income 2025: -$7252025

Highlighted filing

2025

Revenue$6,449
Expenses$7,174
Net Income-$725
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,907
Liabilities
$16,185
Net assets
$722
Revenue
$6,449
Expenses
$7,174
Net income
-$725
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$16.9$16.2$0.72$6.45$7.17$0.73
2024Detailed filing. Detailed filing data is available for this year.$17.0$15.6$1.45$1.80$12.4$10.6
2023Detailed filing. Detailed filing data is available for this year.$23.5$11.5$12.1$34.5$41.1$6.55
2022Detailed filing. Detailed filing data is available for this year.$24.7$6.04$18.6$6.00$12.9$6.93
2021Detailed filing. Detailed filing data is available for this year.$30.2$4.67$25.6$27.0$35.2$8.20
2020Detailed filing. Detailed filing data is available for this year.$35.9$2.10$33.8$71.5$68.1$3.33
2019Detailed filing. Detailed filing data is available for this year.$30.4$0.00$30.4$96.1$65.7$30.4
2018Summary only. Only limited summary data is available for this year.$23.0$23.0$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Jan 28, 2026
Return Version
2024v5.2
Gross Receipts
$6,449
Mission and Program Overview

Mission

Novo mundo foundation mission is to operate to support and promote pre-college education, including through the funding of tuition and related costs for needy but deserving students, throughout the world and particularly in costa rica; and to grant funds to help compensate school teachers and staff and to provide educational supplies to schools, particularly teachers, staff, and schools in costa rica.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION WAS INCORPORATED TO FUND TUITION AND RELATED COSTS FOR NEEDY AND DESERVING STUDENTS, THROUGHOUT THE WORLD AND PARTICULARLY IN COSTA RICA.--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
AMANDA I GRUSSFounding MemberPT$0--
BHASH LALTADirector-$0--
DAVID P ZISLINDirector-$0--
Filing and Contact Details

Filer

Filer Name
Novo Mundo Foundation
EIN
82-1435813
In Care Of
% DAVID ZISLIN - C/O GRUSS & C
Phone
2126881501
Address
40 WEST 57TH STREET 1440, NEW YORK, NY 10019-4001

Signing Officer

Name
David Zislin
Title
Director
Phone
5615156456
Signed
2026-01-28

Preparer

Firm
SMITH & ELKIN CPA'S PA
Address
4601 MILITARY TRAIL SUITE 201, JUPITER, FL 33458
Preparer
Scott E Elkin
Phone
5617752134
Supplemental Narrative

Additional Explanations

Form 990EZ Part I Line 16

“Description:AMORTIZATION Amount:1531”

Form 990EZ Part I Line 16

“Description:LICENSES AND FEES Amount:384”

Form 990EZ Part I Line 16

“Description:BANK FEES Amount:34”

Form 990EZ Part II Line 24

“Description:ORGANIZATIONAL COSTS, NET BOY Amount:13779 EOY Amount:12248”

Form 990EZ Part II Line 26

“Description:DUE TO GRUSS & CO., LLC BOY Amount:15576 EOY Amount:16185”

Raw XML Appendix152 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0AMANDA I GRUSS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0FOUNDING MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
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IRS990EZ/OtherExpensesTotalAmt01949
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0NOVO MUNDO FOUNDATION MISSION IS TO OPERATE TO SUPPORT AND PROMOTE PRE-COLLEGE EDUCATION, INCLUDING THROUGH THE FUNDING OF TUITION AND RELATED COSTS FOR NEEDY BUT DESERVING STUDENTS, THROUGHOUT THE WORLD AND PARTICULARLY IN COSTA RICA; AND TO GRANT FUNDS TO HELP COMPENSATE SCHOOL TEACHERS AND STAFF AND TO PROVIDE EDUCATIONAL SUPPLIES TO SCHOOLS, PARTICULARLY TEACHERS, STAFF, AND SCHOOLS IN COSTA RICA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FOUNDATION WAS INCORPORATED TO FUND TUITION AND RELATED COSTS FOR NEEDY AND DESERVING STUDENTS, THROUGHOUT THE WORLD AND PARTICULARLY IN COSTA RICA.
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SpecialEventsDirectExpensesAmt00
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt015576
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt016185
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt07174
IRS990EZ/TotalRevenueAmt06449
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/FactsAndCircumstancesTestTxt0In applying the facts and circumstances test, the Novo Mundo Foundation (the "Foundation") is a publicly supported charity because its public support exceeds the 10% minimum requirement and the Foundation maintains a bona fide program for solicitation of funds. Although the Foundation's ultimate goal is to support the tuition and related costs of pre-college education incurred by needy students around the world, the Foundation's particular focus is on schools in Costa Rica. The Foundation's initial activities have therefore focused on building scholarship and general support for Casa de Las Estrellas, a nonprofit school located in Nosara, Costa Rica. Fundraising efforts have been aimed at soliciting donations from United States citizens residing in Costa Rica with connections to the school, as well as from those members of the general public who are currently aware of the Foundation's broader mission. Fundraising has thus far included word-of-mouth solicitations by the founders and directors of the Foundation and informal fundraising events for potential donors, but the Foundation is in the process of building out its fundraising program. Planned additional fundraising activities include a written fundraising campaign focused on past supporters, as well as other individuals with connections to the school and broader Costa Rican educational and cultural community, together with more formal fundraising events. Grant proposals will also be sent to foundations and public charities that support the education of needy children beyond the borders of the United States. Additionally, the Foundation is a publicly supported charity because it receives a significant amount of its support from the general public. (The Foundation's public support is 22.6% for the current five-year testing period). The Foundation expects this number to increase when certain large start-up donations from its initial supporters (which donations are capped at 2% of total support) are no longer included in the five-year testing period for the 33.3% public support test. Despite the relatively narrow scope of activities the Foundation has been able to undertake thus far (which has understandably had the effect of limiting the range of interested donors), the Foundation has begun receiving donations from a greater number of unrelated donors as a result of its evolving and improving fundraising efforts. The Foundation's two most recent fiscal years have experienced the greatest number of donations from unrelated donors so far, and the Foundation expects this trend to continue.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06443
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01797
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt034231
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt075496
IRS990ScheduleA/TotalSupportAmt075496
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description:AMORTIZATION Amount:1531
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:LICENSES AND FEES Amount:384
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:BANK FEES Amount:34
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:ORGANIZATIONAL COSTS, NET BOY Amount:13779 EOY Amount:12248
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:DUE TO GRUSS & CO., LLC BOY Amount:15576 EOY Amount:16185
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART II LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990EZ PART II LINE 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID ZISLIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05615156456
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NOVO MUNDO FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O GRUSS & CO LLC
ReturnHeader/Filer/BusinessNameControlTxt0NOVO
ReturnHeader/Filer/EIN0821435813
ReturnHeader/Filer/InCareOfNm0% DAVID ZISLIN - C/O GRUSS & C
ReturnHeader/Filer/PhoneNum02126881501
ReturnHeader/Filer/USAddress/AddressLine1Txt040 WEST 57TH STREET 1440
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
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ReturnHeader/PreparerPersonGrp/PhoneNum05617752134
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT E ELKIN
ReturnHeader/ReturnTs02026-01-31T07:51:19-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-04-01
ReturnHeader/TaxPeriodEndDt02025-03-31
ReturnHeader/TaxYr02024

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