NewU Inc.

NextGen HigherEd

Washington, DC   |  https://www.newu.university

Mission

The Mission of NewU is to empower students to become successful, resilient, socially engaged, and ethical citizens of the world for life. ​Our Vision is that by the year 2030 leading universities around the world will adopt our operating and learning model to transform the Higher Education sector for the benefit of society.

Ruling year info

2019

President & CEO

Stratsimir Kulinski

Main address

1090 Vermont Ave NW

Washington, DC 20005 USA

Show more contact info

EIN

83-4203520

NTEE code info

Undergraduate College (4-year) (B42)

IRS filing requirement

This organization is required to file an IRS Form 990-N.

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

We set on a journey to reform Higher Education to relieve the student debt crisis and improve on a host of student outcomes from graduation and placement rates to underemployment and the persistent skills gap where universities continue to underperform.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Undergraduate College Education

Subject to DC Higher Education Licensure Commission (HELC) licensing, NewU plans to offer the following majors to students:
1. Psychology and Human Behavior
2. Entrepreneurship
3. Art, Design, and Technology

Population(s) Served

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Mission of NewU is to empower students to become successful, resilient, socially engaged, and ethical citizens of the world for life.

Our Vision is that by the year 2030 leading universities around the world will adopt our operating and learning model to transform the Higher Education sector for the benefit of society.

We are planning to launch a brand new university with in-person instruction and residential campuses to build out, scale, and diffuse the innovative operating and academic model we developed. We plan to deliver outstanding value to students by achieving better graduation and placement rates at a much lower cost.

We intend to price undergraduate tuition at only $15,000 per year, with our program designed to take only 3 years to complete not 4, so the total cost of an undergraduate degree to students and their parents would be just 30% of what they may pay at other private nonprofit universities. NewU students will also get to spend a full year on 3 continents immersing themselves into how people live, study, and work in the US, China, and Europe.

We can keep prices low by leveraging a novel and efficient operating model based on a shorter program, an optimized cost structure where our instruction and real estate costs are well below averages, and a lower cost global campus. Living expenses abroad in Year 2 and Year 3 are lower than what they are in the US, too. And we will spend our students' tuition money on teaching, academic programs, and student support services, not on sports teams, faculty research, hospitals, or a large administration.

Thank you for your support!

We have set up our legal and regulatory framework - incorporated in DC as a nonprofit corporation; secured a 501(c)(3) status from the IRS and exemptions from income tax in Washington DC; obtained trademarks from the USPTO; created our brand, social media presence, and other related infrastructure; assembled a team of volunteers, supporters, and in-kind contributors from Holland & Knight LLP to CBRE to Oracle and Salesforce.

Our next two major milestones to pass include:
1. Obtaining a license from the Higher Education Licensure Commission in DC; and,
2. Securing $1.5MM in launch funding to recruit our first class of students.

Thank you for your support.

2018:
Validated the concept with focus groups, industry leaders, other experts
Completed a Regulatory assessment with Cooley LLP
Analyzed all major US markets and selected a HQ city/domicile
Created Brand
Built web site
Built Social media
Applied for USPTO trademarks

2019:
Partnered with Holland & Knight LLP
Set up governance structure
Inaugurated a Board of Directors
Incorporated in DC
Established a Tax ID
Secured a Corporate Agent (CSC)
Prepared for 501(c)(3) application
Secured 501(c)(3) approval and status

2020:
Secured USPTO Trademarks
Built Executive Team
Preparing DC Higher Education Licensure Commission application

Financials

NewU Inc.
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

NewU Inc.

Board of directors
as of 10/29/2020
SOURCE: Self-reported by organization
Board co-chair

Alicia Margoles

Merck

Term: 2019 - 2022


Board co-chair

Sevdalina Yontcheva-Kumitski

Podix

Term: 2019 - 2022

Alicia Margoles

Merck

Sevdalina Yontcheva-Kumitski

Podix

Stratsimir Kulinski

NewU

Organizational demographics

SOURCE: Self-reported; last updated 10/29/2020

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data