2019-02-14T11:33:44-06:00 2018-09-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2017-10-01 133850158 TNTP INC TNTP 7182332800 500 7TH AVENUE NEW YORK NY 10018 ELIZABETH SCHAFFER CHIEF FINANCIAL OFFICER 7182332800 2019-02-14 1 GARRETT M HIGGINS P00543209 2122862600 2019-02-13 65.51.112.58 2019-02-14 11:26:31 ES P 94BB9B83F9DF7557C6D777327BB7019619370BD2 F0B6CDAF34D2BB782853BDEF137A5C1ECDC9BD41 2017 2019-02-21 02:37:17Z X THE NEW TEACHER PROJECT INC ELIZABETH SCHAFFER 500 7TH AVENUE NEW YORK NY 10018 58355054 0 X WWW.TNTP.ORG X 1995 DE TNTP'S MISSION IS TO END THE INJUSTICE OF EDUCATION INEQUALITY. SEE PART III FOR FULL MISSION. 10 9 1012 10 0 20000 16621011 30013118 32894709 28119364 186270 221900 850 672 49702840 58355054 118200 0 0 0 48634091 46862124 0 0 521233 12953835 14787749 61706126 61649873 -12003286 -3294819 35510539 35391903 4276123 7590550 31234416 27801353 TNTP'S MISSION IS TO END THE INJUSTICE OF EDUCATIONAL INEQUALITY BY PROVIDING EXCELLENT TEACHERS TO THE STUDENTS WHO NEED THEM MOST AND BY ADVANCING POLICIES AND PRACTICES THAT ENSURE EFFECTIVE TEACHING IN EVERY CLASSROOM. 0 0 48278329 28119364 CLIENT SERVICES:TNTP WORKS AT EVERY LEVEL OF THE PUBLIC EDUCATION SYSTEM TO ATTRACT AND TRAIN TALENTED TEACHERS AND SCHOOL LEADERS, ENSURE RIGOROUS AND ENGAGING CLASSROOMS, AND CREATE ENVIRONMENTS THAT PRIORITIZE GREAT TEACHING AND ACCELERATE STUDENT LEARNING. SEE SCHEDULE O FOR FURTHER DETAIL ON TNTP'S FISCAL YEAR 2018 PROGRAM SERVICE ACCOMPLISHMENTS. 2522091 RESEARCH, POLICY AND ADVOCACYTNTP'S PUBLICATIONS SHARE WHAT WE'RE LEARNING IN SCHOOLS AND DISTRICTS NATIONWIDE. AS WE WORK ALONGSIDE TEACHERS AND LEADERS EACH DAY, WE IDENTIFY COMMON CHALLENGES, SEEK OUT TRENDS AND SHARE PROMISING SOLUTIONS. SEE SCHEDULE O FOR FURTHER DETAIL ON TNTP'S FISCAL YEAR 2018 PROGRAM SERVICE ACCOMPLISHMENTS. 50800420 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 363 0 1012 1 1 1 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ CA CO DC FL GA IL IN MA MD MI MO NV NJ NY OH OK PA TN TX WA X X X X LEAH HOLCZER 7182332800 500 7TH AVENUE NEW YORK NY 10018 LUIS AVILA BOARD CHAIR/DIRECTOR 1.00 X X 0 0 0 DANIEL WEISBERG CHIEF EXECUTIVE OFFICER 50.00 X X 261376 0 41145 CHRIS BIERLY DIRECTOR 1.00 X 0 0 0 TINA FERNANDEZ DIRECTOR 1.00 X 0 0 0 MATT GLICKMAN DIRECTOR 1.00 X 0 0 0 DAVID HOWE DIRECTOR 1.00 X 0 0 0 LILLIAN LOWERY DIRECTOR 1.00 X 0 0 0 PAUL PASTOREK DIRECTOR 1.00 X 0 0 0 DELIA POMPA DIRECTOR 1.00 X 0 0 0 DIANE TERRELL DIRECTOR 1.00 X 0 0 0 JENNIFER TUHY DIRECTOR 1.00 X 0 0 0 ELIZABETH SCHAFFER CFO 50.00 X 74558 0 6174 TEQUILLA BROWNIE EVP, CLIENT TEAM 50.00 X 191235 0 22213 CRYSTAL HARMON REICHMAN EVP, CLIENT TEAM 50.00 X 195342 0 39226 DAVID MCKINNEY EVP, PUBLIC AFFAIRS 50.00 X 194736 0 195130 AMANDA KOCON EVP, STRATEGIC GROWTH 50.00 X 221971 0 30896 TONYA HORTON EVP, TALENT AND CULTURE 50.00 X 160971 0 12033 ANNE HARRIS EVP, TALENT AND CULTURE (THRU 5/2018) 50.00 X 214271 0 33082 KAROLYN BELCHER PRESIDENT (THRU 4/18) 50.00 X 252947 0 19883 KARLA OAKLEY SENIOR STRATEGIST 50.00 X 182519 0 15353 RASHEED MEADOWS VP, CLIENT TEAM 50.00 X 199180 0 12594 VICTORIA VAN CLEEF VP, CLIENT TEAM 50.00 X 187225 0 15840 ATYANI HOWARD VP, CLIENT TEAM 50.00 X 177169 0 12874 EMMA CARTWRIGHT VP, CLIENT TEAM 50.00 X 175558 0 8163 DIANE KEANE VP, FINANCE (THRU 9/17) 50.00 X 190944 0 10642 2880002 0 475248 90 1 1 0 RAND CORPORATION 1776 MAIN STREET PO BOX 2138 SANTA MONICA CA 90401 EDUCATIONAL CONSULTING 1015688 COLLABORATIVE SOLUTIONS 10 PARK AVENUE NEW YORK NY 10016 ERP SYSTEM IMPLEMENATION CONSULTING 620695 EDUCATIONAL ANALYTICS 131 WEST WILSON STREET SUITE 200 MADISON WI 53703 EDUCATIONAL CONSULTING 285000 CRICKET DESIGN 1925 MONROE ST NO 3 MADISON WI 53711 GRAPHIC DESIGN 229735 UNCOMMON SCHOOLS 10 WASHINGTON PLACE NEW YORK NY 12180 EDUCATIONAL CONSULTING 165545 16 15359336 14653782 30013118 CLIENT SERVICES 900099 28119364 28119364 28119364 221900 221900 OTHER INCOME 900099 672 672 672 58355054 28119364 0 222572 2096292 1195183 760025 141084 36534713 31366122 4902212 266379 1441992 1248171 186735 7086 3923399 3322697 551061 49641 2865728 2393724 442181 29823 141644 39494 102150 84625 84625 4023219 3413595 608452 1172 347423 289264 58159 1104456 863345 232384 8727 619918 327841 288949 3128 1043494 152646 890848 4743790 4191295 539631 12864 741935 615407 126528 798225 535499 262726 163376 163376 MISCELLANEOUS 332203 215072 115802 1329 TEACHER STIPENDS 312613 312613 BAD DEBT EXPENSE 221142 221142 PUBLICATIONS 109686 97310 12376 61649873 50800420 10328220 521233 3072159 4334262 519760 605276 13718493 8894060 9101648 6800054 388836 350847 9710831 7784891 1446017 1925940 7155029 12336330 108597 145134 35510539 35391903 3198672 7194874 881805 395676 195646 0 4276123 7590550 X 17173855 18354373 14060561 9446980 31234416 27801353 35510539 35391903 X -3294819 -72434 -65810 X 0 1 X 1 1 1 X 21264333 20191540 48765365 16621011 30013118 136855367 21264333 20191540 48765365 16621011 30013118 136855367 61024076 75831291 77974 84463 160891 186270 221900 731498 187366 8720 14710 850 672 212318 137799183 168765524 0.55030 0.57700 X 53930 47477 6453 9656901 7737414 1919487 1925940 X 59369572 -72434 1152762 -65810 1014518 58355054 0 58355054 62802635 1152762 1152762 61649873 0 61649873 PART X, LINE 2: TNTP RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT TNTP HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION AND/OR DISCLOSURE. TNTP IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO SEPTEMBER 30, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS -65,810. X X X X X 1 0 0 0 0 0 0 1 0 DANIEL WEISBERG CHIEF EXECUTIVE OFFICER 261376 0 0 0 0 0 12000 0 29145 0 302521 0 0 0 TEQUILLA BROWNIE EVP, CLIENT TEAM 191235 0 0 0 0 0 4892 0 17321 0 213448 0 0 0 CRYSTAL HARMON REICHMAN EVP, CLIENT TEAM 195342 0 0 0 0 0 9000 0 30226 0 234568 0 0 0 DAVID MCKINNEY EVP, PUBLIC AFFAIRS 194736 0 0 0 0 0 2850 0 192280 0 389866 0 0 0 AMANDA KOCON EVP, STRATEGIC GROWTH 221971 0 0 0 0 0 9000 0 21896 0 252867 0 0 0 TONYA HORTON EVP, TALENT AND CULTURE 160971 0 0 0 0 0 2422 0 9611 0 173004 0 0 0 ANNE HARRIS EVP, TALENT AND CULTURE (THRU 5/2018 214271 0 0 0 0 0 5550 0 27532 0 247353 0 0 0 KAROLYN BELCHER PRESIDENT (THRU 4/18) 252947 0 0 0 0 0 9000 0 10883 0 272830 0 0 0 KARLA OAKLEY SENIOR STRATEGIST 179719 0 2800 0 0 0 6312 0 9041 0 197872 0 0 0 RASHEED MEADOWS VP, CLIENT TEAM 199180 0 0 0 0 0 9000 0 3594 0 211774 0 0 0 VICTORIA VAN CLEEF VP, CLIENT TEAM 187225 0 0 0 0 0 12000 0 3840 0 203065 0 0 0 ATYANI HOWARD VP, CLIENT TEAM 177169 0 0 0 0 0 2638 0 10236 0 190043 0 0 0 EMMA CARTWRIGHT VP, CLIENT TEAM 175558 0 0 0 0 0 7088 0 1075 0 183721 0 0 0 DIANE KEANE VP, FINANCE (THRU 9/17) 109050 0 1000 0 80894 0 9681 0 961 0 201586 0 0 0 PART I, LINE 4A DIANE KEANE RECEIVED SEVERANCE OF $80,894. PART I, LINE 7 AT TNTP, BONUSES ARE CONTINGENT UPON THE FINANCIAL HEALTH OF THE ORGANIZATION, AN INDIVIDUAL'S AND RELEVANT CONTRACTS/TEAM'S PERFORMANCE, AND AT THE SOLE DISCRETION OF THE CEO, WITH INPUT FROM THE EXECUTIVE TEAM. WHILE BONUSES ARE NEVER GUARANTEED, ALL SALARIED, PART/FULL TIME STAFF ARE ELIGIBLE TO BE CONSIDERED FOR A PERFORMANCE BASED BONUS, PROVIDED THEY HAVE BEEN EMPLOYED BY TNTP FOR AT LEAST SIX MONTHS PRIOR TO THE END OF THE FISCAL YEAR. ADDITIONALLY, THE STAFF MEMBERS MUST BE WORKING AT TNTP AT THE TIME OF THE BONUS AWARD. DANIEL WEISBERG, CHIEF EXECUTIVE OFFICER, AND KARLA OAKLEY, SENIOR STRATEGIST, RECEIVED BONUSES OF $1,000 AND $2,800, RESPECTIVELY. FORM 990, PART VI, SECTION B, LINE 11B TNTP'S FORM 990 IS PREPARED BY THE ORGANIZATION'S CONTROLLER AND REVIEWED INTERNALLY BY THE CHIEF FINANCIAL OFFICER. THE DRAFT FORM 990 IS THEN REVIEWED EXTERNALLY BY AN INDEPENDENT PAID TAX PREPARER. ANY REVISIONS ARE PRESENTED TO THE ORGANIZATION, AND ONCE REVISED, THE FINAL DRAFT FORM 990 IS REVIEWED AND APPROVED BY THE ORGANIZATION'S AUDIT COMMITTEE. ONCE APPROVED BY THE AUDIT COMMITTEE, COPIES OF THE COMPLETED FORM 990 ARE PROVIDED TO EACH VOTING MEMBER OF THE GOVERNING BOARD PRIOR TO SUBMISSION AND FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C TNTP ASKS ITS DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES TO REVIEW AND SIGN A CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS. TNTP'S FINANCE AND LEGAL DEPARTMENTS FOLLOW UP TO RESOLVE ANY DISCLOSED CONFLICTS. IF A CONFLICT IS IDENTIFIED, THE INTERESTED INDIVIDUAL MAY NOT VOTE ON THE RELATED MANAGER. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF ALL OFFICERS. FOR ALL POSITIONS, TNTP'S TALENT AND CULTURE TEAM PERFORMS REGULAR MARKET ANALYSIS USING COMPARABILITY DATA FROM INDUSTRY SURVEYS, DOCUMENTED COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS IN SIMILAR ORGANIZATIONS, AND/OR INDEPENDENT COMPENSATION STUDIES. THE MARKET ANALYSIS IS SHARED WITH THE EXECUTIVE COMMITTEE OF THE BOARD, AND IS CONSIDERED INTHE RECOMMNEDATION OF COMPENSATION CHANGES FOR THE ORGANIZATION'S OFFICERS. A COMPENSATION REVIEW WAS CONDUCTED IN FISCAL YEAR 2018. FORM 990, PART VI, SECTION C, LINE 19 TNTP MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON ITS WEBSITE. THE FORM 990 IS ALSO AVAILABLE ON WWW.GUIDESTAR.ORG. IN ADDITION, THE FORM 990, AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON WRITTEN REQUEST TO 500 7TH AVENUE, NEW YORK, NY 10018 OR BY CALLING THE ORGANIZATION DIRECTLY AT 718-233-2800. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF FIXED ASSETS -65,810. PART III, LINES 4A-4D FY 18 HIGHLIGHTS: DURING FISCAL YEAR 2018, TNTP CONTINUED WORKING TOWARD THE GOALS IN OUR FY18-19 STRATEGIC PLAN: EXPANDING ACCESS TO TEACHER AND SCHOOL LEADER TALENT, DEEPENING OUR EXPERTISE IN ACADEMICS, AND BUILDING SUPPORTIVE ENVIRONMENTS FOR LASTING EDUCATIONAL CHANGE. THROUGH OUR WORK ACROSS 236 ENGAGEMENTS ACROSS THE COUNTRY-REACHING MORE THAN 100,000 TEACHERS AND MORE THAN 2.5 MILLION STUDENTS-WE HAVE ALREADY EXCEEDED MOST OF OUR TWO-YEAR GOALS ACROSS THESE PRIORITIES IN A SINGLE YEAR. AND WE CONTINUED TO MAKE PROGRESS TOWARD OUR BOLD GOAL OF SIGNIFICANTLY IMPROVING OUTCOMES FOR 100,000 STUDENTS BY 2020. TO DATE, WE HAVE EVIDENCE THAT 37,000 STUDENTS ARE MAKING GREATER THAN EXPECTED GROWTH IN OUR PARTNER SITES AS A RESULT OF OUR WORK ACROSS FISCAL YEARS 2016-18. THIS YEAR, WE ALSO PUBLISHED OUR LATEST MAJOR RESEARCH STUDY, THE OPPORTUNITY MYTH. ROOTED IN THE DAY-TO-DAY EXPERIENCES OF 4,000 STUDENTS ACROSS FIVE SCHOOL SYSTEMS, THE REPORT FOUND THAT TOO MANY STUDENTS-ESPECIALLY LOW-INCOME STUDENTS AND STUDENTS OF COLOR-LACK ACCESS TO FOUR CRITICAL RESOURCES THAT THEY NEED TO MEET THEIR LIFE GOALS: GRADE-APPROPRIATE ASSIGNMENTS, STRONG INSTRUCTION, DEEP ENGAGEMENT, AND HIGH EXPECTATIONS. THE REPORT REACHED NEARLY 30,000 PEOPLE IN ITS FIRST MONTH-ALMOST TWICE AS MANY AS OUR PREVIOUS NATIONAL REPORT-AND INSPIRED MORE THAN 3,000 PEOPLE (INCLUDING MORE THAN 40 PROMINENT EDUCATION LEADERS AND ORGANIZATIONS) TO PLEDGE ACTION TO GIVE STUDENTS BETTER SCHOOL EXPERIENCES. EXPANDING ACCESS TO TALENT IN FISCAL YEAR 2018, WE CONTINUED OUR FOCUS ON RECRUITING AND TRAINING EFFECTIVE, DIVERSE TEACHERS AND SCHOOL LEADERS. OUR TALENT ENGAGEMENTS REACHED MORE THAN 136,000 STUDENTS ACROSS 35 SCHOOL SYSTEMS. MORE THAN 80 PERCENT OF THE TEACHERS TRAINED THROUGH OUR TEACHING FELLOWS PROGRAMS MET OUR RIGOROUS BAR FOR CLASSROOM EFFECTIVENESS, AND ALMOST HALF IDENTIFY AS PEOPLE OF COLOR. ADDITIONALLY, 68 PERCENT OF TEACHERS IN OUR SUPPORTING EFFECTIVE EDUCATOR DEVELOPMENT (SEED) TRAINING PARTNERSHIPS WITH SCHOOL DISTRICTS IDENTIFY AS PEOPLE OF COLOR. TWO-THIRDS OF THE ASPIRING PRINCIPALS IN OUR PLUS PROGRAM WERE RATED "PRINCIPAL READY" AT THE END OF THEIR FIRST YEAR, AND 55 PERCENT IDENTIFY AS PEOPLE OF COLOR. TO INCREASE THE RETENTION OF TEACHERS OF COLOR, OUR TEACHER AND LEADER PROGRAMS ARE BUILDING AN INCLUSIVE EXPERIENCE FOR TRAINING PARTICIPANTS BY HIRING DIVERSE SUMMER AND SCHOOL-YEAR COACHING STAFF, CREATING PARTICIPANT AFFINITY GROUPS, AND SUPPORTING CERTIFICATION TEST PREPARATION. DEEPENING ACADEMIC EXPERTISE WE REACHED APPROXIMATELY 360,000 STUDENTS ACROSS 26 SITES THROUGH OUR ACADEMICS ENGAGEMENTS THIS YEAR. WE WORKED WITH NINE SCHOOL SYSTEMS TO ADVISE THEM ON THE SELECTION AND IMPLEMENTATION OF HIGH-QUALITY STANDARDS-ALIGNED MATERIALS, AND FOCUSED ON IMPROVING THE INSTRUCTION THAT ACCOMPANIES RIGOROUS ACADEMIC CONTENT IN 20 SITES. WE ALSO PILOTED OUR ENGLISH LANGUAGE LEARNER (ELL) SUPPORT SERVICES IN THREE SITES. THIS WORK LED TO PROMISING EARLY RESULTS. OF THE SITES WE WORKED WITH THAT HADN'T YET SELECTED HIGH-QUALITY ACADEMIC MATERIALS, 86 PERCENT (6 OUT OF 7) WENT ON TO ADOPT AND USE STANDARDS-ALIGNED INSTRUCTIONAL MATERIALS. AND WHERE WE HAVE SUPPORTED CURRICULUM ADOPTION, WE SAW QUICK IMPROVEMENTS IN THE QUALITY OF MATERIALS STUDENTS HAVE ACCESS TO EVERY DAY. WHERE WE HAVE SUPPORTED TEACHERS FOR TWO OR MORE YEARS, WE ARE SEEING IMPROVEMENTS IN THE QUALITY OF INSTRUCTION: MORE THAN 50 PERCENT OF CLASSROOMS SAW MEANINGFUL GROWTH IN THE QUESTIONS AND TASKS TEACHERS POSE TO STUDENTS. BUILDING SUPPORTIVE ENVIRONMENTS SINCE DEVELOPING OUR COMMUNITY ENGAGEMENT SERVICES IN 2016, WE HAVE PROVIDED ADVISORY SUPPORT TO MORE THAN 20 SCHOOL SYSTEMS, CONDUCTED A PILOT PROJECT TO DEVELOP A NATIONAL MODEL FOR IDENTIFYING GRASSROOTS COMMUNITY PARTNERS FOR EFFORTS TO STRENGTHEN SCHOOLS, AND DEVELOPED PARTNERSHIP AGREEMENTS 20 LOCAL AND NATIONAL ORGANIZATIONS. WE HAVE ALSO CONTINUED TO SUPPORT THE IMPLEMENTATION OF TURNAROUND AND ACADEMIC PRACTICES THAT SUPPORT SCHOOL IMPROVEMENT EFFORTS IN SEVERAL STATES, WHILE AIDING IN THE IMPLEMENTATION OF NEW, INNOVATIVE SCHOOL MODELS.