Civic Intelligence

Newu Inc

EIN 83-4203520 • 501(c)3 • Washington, DC

Profile

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.

1156 15th St NW Ste 605Washington, DC 20005

newu.university

Siviq Scores

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

Liabilities / Assets

96th percentile

1.37x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

95th percentile

1.73x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

52nd percentile

5.2%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

99th percentile

690%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

59th percentile

13%

Faster revenue growth than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$902,591

Up $788,321 (+690%) from 2024

Liabilities

Up

$1,234,870

Up $750,995 (+155%) from 2024

Net Assets

Up

-$332,279

Up $37,326 (+10%) from 2024

Operations
Liabilities / Revenue95th percentileNet Margin52nd percentile

Revenue

Up

$712,317

Up $81,472 (+13%) from 2024

Expenses

Up

$674,991

Up $69,514 (+11%) from 2024

Net Income

Up

$37,326

Up $11,958 (+47%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2023: $60,882Liabilities 2023: $429,137Net Assets 2023: -$368,2552023Assets 2024: $114,270Liabilities 2024: $483,875Net Assets 2024: -$369,6052024Assets 2025: $902,591Liabilities 2025: $1,234,870Net Assets 2025: -$332,2792025

Highlighted filing

2025

Assets$902,591
Liabilities$1,234,870
Net Assets-$332,279
Open 2025 Filing

Operations Trend

Revenue Growth59th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2023: $111,230Expenses 2023: $193,593Net Income 2023: -$82,3632023Revenue 2024: $630,845Expenses 2024: $605,477Net Income 2024: $25,3682024Revenue 2025: $712,317Expenses 2025: $674,991Net Income 2025: $37,3262025

Highlighted filing

2025

Revenue$712,317
Expenses$674,991
Net Income$37,326
Open 2025 Filing

Filings

Most recent year

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

Open filing
Assets
$902,591
Liabilities
$1,234,870
Net assets
-$332,279
Revenue
$712,317
Expenses
$674,991
Net income
$37,326
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.90$1.23$0.33$0.71$0.67$0.04
2024Detailed filing. Detailed filing data is available for this year.$0.11$0.48$0.37$0.63$0.61$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.06$0.43$0.37$0.11$0.19$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jun 1, 2025
Return Version
2024v5.0
Gross Receipts
$712,317
Mission and Program Overview

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.

A private nonprofit college in Washington, DC, NewU offers the first 3-year, in-person career-focused Bachelor's degree programs with no summer semesters or course overloads. Our innovations have made college shorter, more practical, and truly affordable.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,591$740,962▲ $733,371
Loans From Officers Directors$304,654$304,654→ $0
Accounts Receivable$72,734$98,446▲ $25,712
Prepaid Expenses and Deferred Charges$17,016$36,881▲ $19,865
Cash and Non-Interest-Bearing Accounts$16,929$26,302▲ $9,373
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$114,270$902,591▲ $788,321
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities-$772,392-
Unsecured Notes Loans Payable$117,441$139,858▲ $22,417
Accounts Payable and Accrued Expenses$35,120$9,547▼ $25,573
Deferred Revenue$26,660$8,419▼ $18,241
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$483,875$1,234,870▲ $750,995
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$30,000▲ $30,000
Net Assets Without Donor Restrictions$-369,605$-362,279▲ $7,326
Total Net Assets Fund Balance$-369,605$-332,279▲ $37,326
Total Liabilities and Net Assets / Fund Balance$114,270$902,591▲ $788,321

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$675,195$0$675,195
Equipment$65,767$0$65,767
Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Stratsimir KulinskiPresident and CEO
Steven Mitchell PinkowskiCorporate Secretary and Member of the Board of Directors
Cody HymanMember of the Board of Directors
Kenneth WardMember of the Board of Directors
Viktoriya ZotovaCFO
Elena KrumovaChief Academic Officer
Jonas RolettChief Development Officer
Joshua MorrisonChief Student Journey Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$205,642
Program Service Revenue
$506,675
Investment Income
$0
Other Revenue
$0
All Other Contributions
$205,642
Change in Net Assets
$37,326

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$61,380Fair market value
Total Noncash Contributions1$61,380-

Audited Revenue Reconciliation

Revenue per Audited Statements
$712,317
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,455,386
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,167,703
Total Revenue per Form 990
$712,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$318,390
Other Expenses$267,184
Salaries, Compensation, and Employee Benefits$89,417
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$318,390--$318,390
Occupancy$101,222$0$0$101,222
Other Salaries and Wages$73,207$0$0$73,207
Fees for Services Other$45,101$0$0$45,101
Advertising$24,689$0$0$24,689
All Other Expenses$21,661$0$0$21,661
Payroll Taxes$16,210$0$0$16,210
Conferences and Meetings$11,176$4,790$0$15,966
Information Technology$3,784$5,978$0$9,762
Depreciation Depletion$9,475$0$0$9,475
Travel$2,656$6,199$0$8,855
Interest$0$7,741$0$7,741
Other Expenses$1,903$5,688$0$7,591
Fees for Services Legal$0$6,304$0$6,304
Office Expenses$1,348$3,145$0$4,493
Insurance$0$3,291$0$3,291
Fees for Services Accounting$0$1,033$0$1,033
Total Functional Expenses$630,822$44,169$0$674,991

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,130,377
Expenses Not Reported on Form 990$1,455,386
Expenses per Audited Statements$674,991
Total Expenses per Form 990$674,991
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$304,654$304,654→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long-term liabilities from long-term lease$578,924
Current liabilities from long-term lease$169,846
Revenue contingent liabilities$23,622
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has members.”

Form 990, Part VI, Section A, Line 7A

“Members of the corporation have reserved rights to elect or appoint members of the Board of Directors as outlined in the Bylaws, but such rights have never been exercised.”

Form 990, Part VI, Section B, Line 11B

“The CFO drafts the complete 990 form. The CFO emails the completed form to all voting members of the Board and to the CEO. Any comments or suggested edits are discussed and finalized. The CEO authorizes the filing.”

Form 990, Part VI, Section B, Line 12C

“The organization makes material decisions - both operationally and at the governing body - following at all times a set of policies and procedures that are designed to ensure that conflicts of interest are monitored, disclosed where such may exist, and recusals by interested parties are in place before a decision is made. All policies are publicly available at https://newu.university/policies.”

Form 990, Part VI, Section B, Line 15

“The organization uses peers and industry benchmarks as published in the Chronicle of Higher Education, Indeed.com, and other independent industry sources. Thus far, the CEO and top management have operated pro bono.”

Form 990, Part VI, Section C, Line 19

“The organization publishes all policies and procedures on its website, https://newu.university/policies. Financial statements and governing documents are disseminated through GuideStar. NewU has a Platinum Seal of Transparency on GuideStar.”

Filing and Contact Details

Filer

Filer Name
Newu Inc
EIN
83-4203520
Phone
2029681001
Address
1156 15th St NW Ste 605, Washington, DC 20005
Doing Business As
NewU University

Signing Officer

Name
Stratsi Kulinski
Title
CEO
Phone
2029681001
Signed
2025-06-01

Organization Details

Principal Officer
Stratsimir Kulinski
Formed
2019
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
21
Volunteers
10
Raw XML AppendixShowing 400 of 582 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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IRS990/Form990PartVIISectionAGrp/PersonNm1Kenneth Ward
IRS990/Form990PartVIISectionAGrp/PersonNm2Cody Hyman
IRS990/Form990PartVIISectionAGrp/PersonNm3Stratsimir Kulinski
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IRS990/Form990PartVIISectionAGrp/PersonNm5Viktoriya Zotova
IRS990/Form990PartVIISectionAGrp/PersonNm6Joshua Morrison
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Corporate Secretary and Member of the Board of Directors
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Member of the Board of Directors
IRS990/Form990PartVIISectionAGrp/TitleTxt3President and CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chief Academic Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt5CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chief Student Journey Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Chief Development Officer
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd01
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IRS990/GrossReceiptsAmt0712317
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
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IRS990/InformationTechnologyGrp/TotalAmt09762
IRS990/InsuranceGrp/FundraisingAmt00
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IRS990/MembersOrStockholdersInd01
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0NewU'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.
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IRS990ScheduleD/ExpensesSubtotalAmt0674991
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00

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