NEW PROFIT INC: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- NEW PROFIT INC (EIN 04-3396766)
- Tax period
- 2017-01-01 to 2017-12-31
- Filed
- 2018-07-25
- IRS object ID
- 201812069349300621
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-07-25T10:24:26-05:00 | ReturnTs |
| Tax Period End | 2017-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042571780 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER ARONSON FINNING & CO PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 WASHINGTON STREET | AddressLine1Txt |
| City | WESTBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01581 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043396766 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW PROFIT INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEWP | BusinessNameControlTxt |
| Phone | 6179128800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 CLARENDON STREET 44TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DOUG BORCHARD | PersonNm |
| Person Title | MANAGING DIRECTOR AND COO | PersonTitleTxt |
| Phone | 6179128800 | PhoneNum |
| Signature | 2018-07-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW HUTT CPA | PreparerPersonNm |
| PTIN | P01070603 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2018-07-05 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DOUG BORCHARD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 CLARENDON STREET 44TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $16,776,304 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NEWPROFIT.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1997 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | PLEASE REFER TO OUR WEBSITE (WWW.NEWPROFIT.ORG) FOR DESCRIPTIONS OF OUR MISSION, PROGRAMS AND SUPPLEMENTAL 990 INFORMATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 78 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $38,960,652 | PYContributionsGrantsAmt |
| CY Contributions Grants | $16,115,471 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $9,379 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $578,706 | CYProgramServiceRevenueAmt |
| PY Investment Income | $14,667 | PYInvestmentIncomeAmt |
| CY Investment Income | $80,345 | CYInvestmentIncomeAmt |
| PY Other Revenue | $282,730 | PYOtherRevenueAmt |
| CY Other Revenue | $1,782 | CYOtherRevenueAmt |
| PY Total Revenue | $39,267,428 | PYTotalRevenueAmt |
| CY Total Revenue | $16,776,304 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $12,308,719 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $10,849,414 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,812,165 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,372,814 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,282,002 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,260,591 | PYOtherExpensesAmt |
| CY Other Expenses | $5,578,343 | CYOtherExpensesAmt |
| PY Total Expenses | $26,381,475 | PYTotalExpensesAmt |
| CY Total Expenses | $25,800,571 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $12,885,953 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$9,024,267 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $56,303,188 | TotalAssetsBOYAmt |
| Total Assets EOY | $45,473,808 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,496,181 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $777,108 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $54,807,007 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $44,696,700 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NEW PROFIT INC. IS A NONPROFIT SOCIAL INNOVATION ORGANIZATION AND VENTURE PHILANTHROPY FUND SEEKING TO INCREASE SOCIAL MOBILITY FOR FAMILIES AND COMMUNITIES BY ACCELERATING THE BEST IDEAS ACROSS THE NATION. THE ORGANIZATION COLLABORATES WITH A DIVERSE GROUP OF INVESTORS AND PARTNERS FROM ACROSS SECTORS TO ADVANCE SOCIAL INNOVATIONS AND DRIVE SYSTEMIC CHANGE, ULTIMATELY TRANSFORMING THE LIVES OF CHILDREN, FAMILIES, AND COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $7,554,451 | ExpenseAmt |
| Grant | $5,297,240 | GrantAmt |
| Revenue | $250,000 | RevenueAmt |
| Desc | THROUGH THE INNOVATION FUND'S PORTFOLIO INVESTMENT PROGRAM, NEW PROFIT INVESTS FINANCIAL AND INTELLECTUAL CAPITAL IN A PORTFOLIO OF SOCIAL ENTREPRENEUR-LED ORGANIZATIONS (DESCRIBED AS PORTFOLIO ORGANIZATIONS) AND HELPS THEM TO GROW THEIR ORGANIZATIONS, INCREASE THE SCALE AND QUALITY OF THEIR IMPACT, EXPAND THEIR NETWORKS, AND TRANSFORM THEIR FIELDS. THE PORTFOLIO INVESTMENT TEAM SUPPORTS THESE ORGANIZATIONS IN NAVIGATING CHALLENGES AND TRACKING THEIR PROGRESS IN FIVE MAJOR AREAS-IMPACT AND INNOVATION, GROWTH, LEADERSHIP AND GOVERNANCE, ORGANIZATIONAL STRATEGY, AND METRICS. A STRATEGIC PARTNERSHIP WITH DELOITTE ENABLES NEW PROFIT TO PROVIDE ADDITIONAL SUPPORT TO SOCIAL ENTREPRENEURS AND THEIR ORGANIZATIONS, INCLUDING STRATEGIC GROWTH PLANNING AND EXECUTIVE COACHING. ORGANIZATIONS FUNDED THROUGH THE INNOVATION FUND HAVE RECEIVED $1,101,753 OF DONATED CONSULTING SERVICES THROUGH A PRO-BONO AGREEMENT WITH DELOITTE. CERTAIN COMPONENTS OF NEW PROFIT'S PORTFOLIO INVESTMENT PROGRAM, EXPANDING BEYOND THE PORTFOLIO SUPPORT DESCRIBED ABOVE, ARE EXECUTED THROUGH NEW PROFIT'S ISSUE BASED FOCUS FUNDS, WHICH BRING LIKE-MINDED SOCIAL ENTREPRENEURS, PHILANTHROPISTS AND INSTITUTIONAL DONORS, RESEARCHERS, POLICY EXPERTS, AND OTHER CROSS - SECTOR PARTNERS TOGETHER FOR INTENSIVE COLLABORATION AIMED AT CATALYZING NEW APPROACHES AND BREAKING THROUGH ON INTRACTABLE CHALLENGES. AS OF DECEMBER 31, 2017, NEW PROFIT HAD FIVE FOCUS FUNDS AND ARE DESCRIBED AS SEPARATE PROGRAMS IN PART III. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,648,907 | ExpenseAmt |
| Grant | $950,000 | GrantAmt |
| Desc | THE REIMAGINE LEARNING FUND IS A COLLABORATIVE EFFORT ESTABLISHED TO CREATE A COMMUNITY OF LEARNING AND ACTION IN ORDER TO ELIMINATE SILOS BETWEEN AREAS ON THE OUTSKIRTS OF EDUCATION REFORM AND TO NURTURE A COMPREHENSIVE MOVEMENT THAT ADDRESSES THE HOLISTIC NEEDS OF EVERY CHILD, PARTICULARLY THOSE WITH LEARNING DIFFERENCES OR SOCIAL EMOTIONAL OR MENTAL HEALTH ISSUES. THE VISION FOR THE FUND IS THAT EVERY CHILD IS EQUIPPED WITH THE SKILLS TO MASTER LEARNING AND REALIZE HIS OR HER POTENTIAL. THE SERVICES PROVIDED TO THE PORTFOLIO ORGANIZATIONS ALSO INCLUDE THOSE PROVIDED WITHIN THE INNOVATION FUND. ORGANIZATIONS FUNDED THROUGH THE REIMAGINE LEARNING FUND HAVE RECEIVED $565,888 OF DONATED CONSULTING SERVICES THROUGH A PRO-BONO AGREEMENT WITH DELOITTE. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,574,533 | ExpenseAmt |
| Grant | $2,800,000 | GrantAmt |
| Desc | THE EARLY LEARNING FUND (LAUNCHED IN 2014) SEEKS A WORLD WHERE ALL CHILDREN HAVE A START IN THEIR EARLIEST YEARS OF LIFE THAT SETS THEM ON A COURSE TO FULFILL THEIR POTENTIAL. EXTRAORDINARY ADVANCES IN NEUROBIOLOGY AND BEHAVIORAL SCIENCE, TOGETHER WITH INCREASING PUBLIC RECOGNITION OF THE IMPORTANCE OF A STRONG START, HAVE CREATED A DYNAMIC OPPORTUNITY FOR TRANSFORMATIVE CHANGE IN THE EARLY LEARNING FIELD. THE FUND IS WORKING TO CONNECT AND ALIGN RESEARCHERS, PRACTITIONERS, FUNDERS, AND POLICYMAKERS TO PURSUE A SHARED ACTION AGENDA AND INVESTING IN ORGANIZATIONS, PILOTS AND PARTNERSHIPS THAT HAVE THE POTENTIAL TO LIFT UP NEW APPROACHES TO WHOLE-CHILD DEVELOPMENT AND ENABLE EFFECTIVE EARLY LEARNING FOR ALL CHILDREN AT SCALE. THE SERVICES PROVIDED TO THE PORTFOLIO ORGANIZATIONS ALSO INCLUDE THOSE PROVIDED WITHIN THE INNOVATION FUND. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $7,232,900 | ExpenseAmt |
| Grant | $1,802,174 | GrantAmt |
| Revenue | $330,488 | RevenueAmt |
| Desc | REIMAGINE SCHOOL SYSTEMS FUND - THE REIMAGINE SCHOOL SYSTEMS FUND SEEKS TO RAPIDLY INCREASE THE NUMBER OF HIGH PERFORMING SCHOOLS SERVING LOW-INCOME STUDENTS BY CHANGING THE WAY SCHOOL SYSTEMS WORK AND LIFTING UP NEW REFORM MODELS THAT CAN BE USED AT SCALE ACROSS THE COUNTRY. THIS FUND SEEKS TO CHANGE THIS SITUATION AND CREATE NEW OPPORTUNITY IN LOW-INCOME COMMUNITIES BY INVESTING IN STRATEGIES TO: (1) INFLUENCE SCHOOL DISTRICTS TO CREATE CONDITIONS AND DEMAND FOR PARTNERSHIPS BETWEEN DISTRICTS AND NON-PROFIT CHARTER SCHOOL OPERATORS, AND (2) INCREASE THE SUPPLY OF GREAT NON-PROFIT CHARTER SCHOOL OPERATORS TO MEET THAT DEMAND.LEARN TO EARN FUND - THE LEARN TO EARN FUND IS FOCUSED ON ACCELERATING PROGRESS IN EFFORTS TO DEVELOP TEN MILLION MORE CAREER-READY AMERICANS BY 2025. THE CORE OF THIS EFFORT IS REACHING MORE LOW-INCOME STUDENTS BY BUILDING AND SCALING COLLABORATION BETWEEN LARGE EMPLOYERS WHO NEED QUALIFIED EMPLOYEES AND NONPROFIT ORGANIZATIONS WORKING IN K-12 AND POST-SECONDARY EDUCATION. THE FUND SEEKS TO CATALYZE DISRUPTIVE INNOVATION IN THE SPACE, ENGAGE IN POLICY ADVOCACY TO HELP CREATE CONDITIONS FOR THOSE INNOVATIONS TO SCALE, AND COLLABORATE DIRECTLY WITH LARGE EMPLOYERS WHO CAN CREATE POWERFUL JOB PIPELINES.THE ORGANIZATION ALSO CONDUCTS A VARIETY OF FIELD LEADERSHIP ACTIVITIES THAT CONSTANTLY PUSH THE SOCIAL SECTOR TO EMBRACE INNOVATION AND GENERATE NEW SOLUTIONS. INCLUDED WITHIN THE ORGANIZATION'S FIELD LEADERSHIP EFFORTS ARE AMERICA FORWARD AND GATHERING OF LEADERS INITIATIVES. AMERICA FORWARD IS THE ORGANIZATION'S NONPARTISAN POLICY ARM THAT UNITES POLICYMAKERS WITH SOCIAL ENTREPRENEURS TO ADVANCE A PUBLIC POLICY AGENDA THAT CHAMPIONS INNOVATIVE AND EFFECTIVE SOLUTIONS TO OUR COUNTRY'S MOST PRESSING SOCIAL PROBLEMS. AMERICA FORWARD WORKS WITH POLICYMAKERS TO FOSTER SOCIAL ENTREPRENEURSHIP, SPUR INNOVATION, IDENTIFY MORE EFFECTIVE AND EFFICIENT SOLUTIONS, REWARD RESULTS, AND CATALYZE PARTNERSHIPS ACROSS SECTORS. IN ADDITION, THE ORGANIZATION HAS CREATED COMMUNITIES OF LEARNING FOR SOCIAL ENTREPRENEURS TO COLLABORATE, SHARE, AND NETWORK FOR MAXIMUM IMPACT. THIS ECOSYSTEM APPROACH PROVIDES THE OPPORTUNITY FOR SOCIAL ENTREPRENEURS TO LEARN FROM EACH OTHER AND COLLABORATE WITH PHILANTHROPISTS, RESEARCHERS, POLICYMAKERS, AND OTHER ESSENTIAL CONTRIBUTORS WHO ARE ALIGNED IN PURSUING SYSTEMIC CHANGE IN EDUCATION, JOBS, COMMUNITY HEALTH, POVERTY ALLEVIATION, AND OTHER AREAS CRITICAL TO SOCIAL MOBILITY. THE GATHERING OF LEADERS, THE ORGANIZATION'S ANNUAL CONVENING, IS THE SIGNATURE PLATFORM FOR THIS WORK. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $7,232,900 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $1,802,174 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $330,488 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $22,010,791 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 63 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 78 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | IAN MAGEE CFO | PersonNm |
| Phone | 6179128808 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 CLARENDON STREET 44TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02116 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| BILL MCCLEMENTS | ||||||||
| CLERK | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JEFF WALKER | ||||||||
| CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| STEVE BARNES | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSH BEKENSTEIN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PAUL GROGAN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID HARRIS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVE JENNINGS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| WENDY KOPP | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| HENRY MCCANCE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DUNCAN MCFARLAND | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| VALERIE MOSLEY | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KRISTIN MUGFORD | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARK NUNNELLY | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JIM PALLOTTA | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN RICE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL CANNING | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| VANESSA KIRSCH | ||||||||
| FOUNDER AND CEO | 45.00 | Yes (X) | Yes (X) | $389,090 | $0 | $22,677 | ||
| BRIAN SPECTOR | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DOUG BORCHARD | ||||||||
| MANAGING PARTNER CHIEF OPERATING OFFICER | 45.00 | Yes (X) | $291,694 | $0 | $8,290 | |||
| IAN MAGEE | ||||||||
| MANAGING PARTNER, CHIEF FINANCIAL OFFICER | 45.00 | Yes (X) | $218,068 | $0 | $9,241 | |||
| ELIZA GREENBERG | ||||||||
| MANAGING PARTNER | 45.00 | $229,346 | $0 | $15,390 | Yes (X) | |||
| DEBORAH SMOLOVER | ||||||||
| EXECUTIVE DIRECTOR OF AMER | 45.00 | $314,978 | $0 | $21,822 | Yes (X) | |||
| JACOB SCHRAMM | ||||||||
| MANAGING PARTNER, LEARN TO EARN FUND | 45.00 | $250,519 | $0 | $25,398 | Yes (X) | |||
| SHRUTI SEHRA | ||||||||
| MANAGING PARTNER, REIMAGINE AND EARLY LEARNING FDS | 45.00 | $222,000 | $0 | $14,261 | Yes (X) | |||
| KIMBERLY SYMAN | ||||||||
| MANAGING PARTNER | 45.00 | $228,616 | $0 | $24,006 | Yes (X) | |||
| TULAINE MARSHALL | ||||||||
| MANAGING PARTNER | 45.00 | $206,923 | $0 | $8,441 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,351,234 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $149,526 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 34 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DELOITTE CONSULTING LLP | |||||
| PO BOX 844717 | DALLAS | TX | 75284 | PORTFOLIO CONSULTING | $542,000 |
| VOLITION LLC | |||||
| 3 SOUTH BROOK ROAD | LINCOLN | MA | 01771 | PORTFOLIO AND STRATEGY CONSULTING | $436,840 |
| EVALUATION STRATEGIES LLC | |||||
| 5019 RENO RD NW | WASHINGTON | DC | 20008 | EVALUATION CONSULTING | $240,000 |
| RESEARCH FOR ACTION | |||||
| 100 SOUTH BROAD STREET SUITE 700 | PHILADELPHIA | PA | 09110 | EVALUATION CONSULTING | $197,075 |
| JANE FEINBERG | |||||
| 43 SHAW RD | BELMONT | MA | 02478 | STRATEGY, GRASSROOTS SUPPORT, AND REPRES | $165,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $16,115,471 | AllOtherContributionsAmt |
| Total Contributions | $16,115,471 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| NETWORKING EVENT FEES | 900099 | $328,706 | $328,706 |
| ADVISORY FEES | 541610 | $250,000 | $250,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $578,706 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $80,345 | TotalRevenueColumnAmt |
| Exclusion | $80,345 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $1,782 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,782 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,782 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,776,304 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $580,488 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $80,345 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,849,414 | TotalAmt |
| Program Services | $10,849,414 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,181,396 | TotalAmt |
| Program Services | $431,482 | ProgramServicesAmt |
| Management And General | $500,946 | ManagementAndGeneralAmt |
| Fundraising | $248,968 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,999,581 | TotalAmt |
| Program Services | $5,497,477 | ProgramServicesAmt |
| Management And General | $1,076,389 | ManagementAndGeneralAmt |
| Fundraising | $425,715 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,668 | TotalAmt |
| Program Services | $102,154 | ProgramServicesAmt |
| Management And General | $22,866 | ManagementAndGeneralAmt |
| Fundraising | $8,648 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $526,521 | TotalAmt |
| Program Services | $398,575 | ProgramServicesAmt |
| Management And General | $92,606 | ManagementAndGeneralAmt |
| Fundraising | $35,340 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $531,648 | TotalAmt |
| Program Services | $388,103 | ProgramServicesAmt |
| Management And General | $101,013 | ManagementAndGeneralAmt |
| Fundraising | $42,532 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,663 | TotalAmt |
| Management And General | $195,663 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,979 | TotalAmt |
| Program Services | $21,979 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,150,814 | TotalAmt |
| Program Services | $2,590,814 | ProgramServicesAmt |
| Management And General | $161,985 | ManagementAndGeneralAmt |
| Fundraising | $398,015 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,187 | TotalAmt |
| Program Services | $58,723 | ProgramServicesAmt |
| Management And General | $32,627 | ManagementAndGeneralAmt |
| Fundraising | $14,837 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $723,553 | TotalAmt |
| Program Services | $509,230 | ProgramServicesAmt |
| Management And General | $133,336 | ManagementAndGeneralAmt |
| Fundraising | $80,987 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $408,283 | TotalAmt |
| Program Services | $342,848 | ProgramServicesAmt |
| Management And General | $43,893 | ManagementAndGeneralAmt |
| Fundraising | $21,542 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $849,377 | TotalAmt |
| Program Services | $776,132 | ProgramServicesAmt |
| Management And General | $70,789 | ManagementAndGeneralAmt |
| Fundraising | $2,456 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,266 | TotalAmt |
| Management And General | $5,266 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MISCELLANEOUS | $75,307 | $31,229 | $41,116 | $2,962 |
| RECRUITING AND TALENT | $41,914 | $12,631 | $29,283 | $0 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,800,571 | TotalAmt |
| Program Services | $22,010,791 | ProgramServicesAmt |
| Management And General | $2,507,778 | ManagementAndGeneralAmt |
| Fundraising | $1,282,002 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $673,036 | BOYAmt |
| EOY | $3,895,451 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,814,789 | BOYAmt |
| EOY | $13,547,565 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,656,420 | BOYAmt |
| EOY | $27,868,628 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,943 | BOYAmt |
| EOY | $135,372 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $32,058 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,266 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $26,792 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,303,188 | BOYAmt |
| EOY | $45,473,808 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $993,009 | BOYAmt |
| EOY | $777,108 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $503,172 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,496,181 | BOYAmt |
| EOY | $777,108 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,460,711 | BOYAmt |
| EOY | $2,819,884 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,346,296 | BOYAmt |
| EOY | $41,876,816 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $54,807,007 | BOYAmt |
| EOY | $44,696,700 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,303,188 | BOYAmt |
| EOY | $45,473,808 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$9,024,267 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$1,086,040 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $42,164,797 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,357,429 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,221,348 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $38,960,652 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,115,471 | CurrentTaxYearAmt |
| Total | $158,819,697 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $42,164,797 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,357,429 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,221,348 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $38,960,652 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,115,471 | CurrentTaxYearAmt |
| Total | $158,819,697 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $43,091,620 | SubstantialContributorsTotAmt |
| Public Support Total170 | $115,728,077 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $691 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,990 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,653 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $24,046 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $80,345 | CurrentTaxYearAmt |
| Total | $108,725 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,657 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $53,880 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $74,488 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $282,730 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,782 | CurrentTaxYearAmt |
| Total | $430,537 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $159,358,959 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $578,706 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.72620 | PublicSupportCY170Pct |
| Public Support PY170 | 0.72110 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $4,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $40,600 | CurrentYearMinus3Amt |
| Current Year Minus2 | $40,600 | CurrentYearMinus2Amt |
| Current Year Minus1 | $59,164 | CurrentYearMinus1Amt |
| Current Year | $21,979 | CurrentYearAmt |
| Total | $162,343 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $1,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $32,058 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,266 | DepreciationAmt |
| Book Value | $26,792 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $26,792 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $18,491,080 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $2,077,735 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$362,959 | OtherRevenueAmt |
| Revenue Not Reported | $1,714,776 | RevenueNotReportedAmt |
| Revenue Subtotal | $16,776,304 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $16,776,304 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $27,878,306 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $2,077,735 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $2,077,735 | ExpensesNotReportedAmt |
| Expenses Subtotal | $25,800,571 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $25,800,571 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2017. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CANCELLED COMMITMENTS RECEIVABLE -362,959. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (41 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| ABRIENDOS PUERTASOPENING DOORS (A PROJECT OF THE TIDES CENTER) | ||||||||
| 1000 NORTH ALAMEDA STREET 240 | LOS ANGELES | CA | 90012 | 943213100 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| ACELERO LEARNING | ||||||||
| 63 WEST 125TH STREET 6TH FLOOR | HARLEM | NY | 10027 | 300077025 | N/A | $250,000 | PROGRAM EXPANSION | |
| ACHIEVEMENT NETWORK | ||||||||
| 225 FRIEND ST 704 | BOSTON | MA | 02114 | 203289870 | 501 ( C ) 3 | $500,000 | PROGRAM EXPANSION | |
| BIG PICTURE LEARNING | ||||||||
| 325 PUBLIC STREET | PROVIDENCE | RI | 02905 | 050485883 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| BLACK TEACHERS COLLABORATIVE (A PROJECT OF NEW VENTURE FUND) | ||||||||
| C/O NEW VENTURE FUND 1201 CONNECTIC | WASHINGTON | DC | 20036 | 205806345 | N/A | $50,000 | PROGRAM EXPANSION | T AVE NW SUITE 300 |
| CAMELBACK VENTURES | ||||||||
| 643 MAGAZINE STREET SUITE 206 | NEW ORLEANS | LA | 70130 | 463169470 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| CITY CONNECTS (A PROJECT OF BOSTON COLLEGE) | ||||||||
| 140 COMMONWEALTH AVE | CHESTNUT HILL | MA | 02467 | 042103545 | N/A | $150,000 | PROGRAM EXPANSION | |
| CITY YEAR | ||||||||
| 287 COLUMBUS AVE | BOSTON | MA | 02116 | 201055716 | 501 ( C ) 3 | $150,000 | PROGRAM EXPANSION | |
| DATA QUALITY CAMPAIGN | ||||||||
| 1341 G STREET NW SUITE 700 | WASHINGTON | DC | 20005 | 274566795 | 501 ( C ) 3 | $110,000 | PROGRAM EXPANSION | |
| EDUCATION LEADERS OF COLOR INC | ||||||||
| 16430 JANINE DRIVE | WHITTIER | CA | 90603 | 812253548 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| ENLEARN | ||||||||
| 400 N 34TH ST 310 | SEATTLE | WA | 98103 | 461009728 | 501 ( C ) 3 | $750,000 | PROGRAM EXPANSION | |
| FAITH ACTS FOR EDUCATION INC | ||||||||
| 285 FAIRFIELD AVE | BRIDGEPORT | CA | 06604 | 472150020 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| FAMILY INDEPENDENCE INITIATIVE | ||||||||
| 5539 DEER RUN DRIVE | EL SOBRANTE | CA | 94803 | 651187733 | 501 ( C ) 3 | $472,240 | PROGRAM EXPANSION | |
| GREAT SCHOOLS | ||||||||
| 1999 HARRISON STREET SUITE 1100 | OAKLAND | CA | 94612 | 943311628 | 501 ( C ) 3 | $325,000 | PROGRAM EXPANSION | |
| HIGHLANDER INSTITUTE | ||||||||
| 166 VALLEY ST BLDG 31 SUITE 101 | PROVIDENCE | RI | 02909 | 223115046 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| INACOL | ||||||||
| 1934 OLD GALLOWS RD SUITE 350 | VIENNA | VA | 22182 | 200310109 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| INNOVATE PUBLIC SCHOOLS | ||||||||
| 1400 PARKMOOR AVE NO 240 | SAN JOSE | CA | 95126 | 462155826 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| JUMPSTART | ||||||||
| 308 CONGRESS ST 6TH FLOOR | BOSTON | MA | 02210 | 043262046 | 501 ( C ) 3 | $750,000 | PROGRAM EXPANSION | |
| LEADING EDUCATORS | ||||||||
| 1824 ORETHA CASTLE HALEY BLVD | NEW ORLEANS | LA | 70113 | 451447048 | 501 ( C ) 3 | $625,000 | PROGRAM EXPANSION | |
| LEAP INNOVATIONS | ||||||||
| C/O 1871 222 W MERCHANDISE MART | CHICAGO | IL | 60654 | 464784152 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | PLAZA SUITE 1212 |
| LEARNING ACCELERATORS | ||||||||
| 10605 FARALLONE DR | CUPERTINO | CA | 95014 | 461059054 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| LEARNING INNOVATION FUND (MIT MEDIA LAB) | ||||||||
| 77 MASSACHUSETTS AVENUE NE49-3142 | CAMBRIDGE | MA | 02139 | 042103594 | 501 ( C ) 3 | $200,000 | PROGRAM EXPANSION | |
| LEARNING LANDSCAPES (TEMPLE UNIVERSITY) | ||||||||
| 1803 N BROAD STREET CARNELL HALL | PHILADELPHIA | PA | 19122 | 231365971 | 501 ( C ) 3 | $100,000 | PROGRAM EXPANSION | SUITE 615 |
| LIFT INC | ||||||||
| 1620 STREET NW SUITE 820 | WASHINGTON | DC | 20006 | 522168409 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| MANAGEMENT LEADERSHIP FOR TOMORROW | ||||||||
| 7201 WISCONSIN AVENUE SUITE 400 | BETHESDA | MD | 20814 | 521795164 | 501 ( C ) 3 | $500,000 | PROGRAM EXPANSION | |
| THE MATCH FOUNDATION INC | ||||||||
| 215 FOREST HILLS STREET | JAMAICA PLAIN | MA | 02130 | 043476160 | 501 ( C ) 3 | $450,000 | PROGRAM EXPANSION | |
| MOTHERS FOR JUSTICE AND EQUALITY | ||||||||
| 184 DUDLEY STREET | ROXBURY | MA | 02119 | 453741482 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| NEW POLITICS LEADERSHIP ACADEMY | ||||||||
| 9 EAST STREET 2 | BOSTON | MA | 02111 | 462202997 | 501 ( C ) 3 | $12,727 | PROGRAM EXPANSION | |
| NEW TEACHER CENTER | ||||||||
| 100 COOPER ST SUITE 500 | SANTA CRUZ | CA | 95060 | 262427526 | 501 ( C ) 3 | $1,000,000 | PROGRAM EXPANSION | |
| NEW VENTURE FUND | ||||||||
| 1201 CONNECTICUT AVE NW SUITE 300 | WASHINGTON | DC | 20036 | 205806345 | 501 (C) 3 | $200,000 | PROGRAM EXPANSION | |
| PAVE | ||||||||
| C/O WEWORK 1342 FLORIDA AVE NW | WASHINGTON | DC | 20009 | 812330119 | 501 ( C ) 3 | $25,000 | PROGRAM EXPANSION | |
| POWERMYLEARNING | ||||||||
| 520 8TH AVE 10TH FLOOR | NEW YORK | NY | 10018 | 133935309 | 501 ( C ) 3 | $400,000 | PROGRAM EXPANSION | |
| RISE COLORADO | ||||||||
| 1595 ELMIRA ST 201 | AURORA | CO | 80010 | 473566342 | 501 ( C ) 3 | $54,447 | PROGRAM EXPANSION | |
| SIDE PROJECT | ||||||||
| 980 NORTH FEDERAL HWY SUITE 110 | BOCA RATON | FL | 33432 | 460769403 | 501 ( C ) 3 | $25,000 | PROGRAM EXPANSION | |
| SURGE INSTITUTE | ||||||||
| 320 WEST OHIO ST SUITE 3W | CHICAGO | IL | 60654 | 471995566 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| THIRD SECTOR CAPITAL PARTNERS | ||||||||
| 200 CLARENDON ST 44TH FLOOR | BOSTON | MA | 02116 | 461301032 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| TRANSCEND | ||||||||
| 159 LINCOLN AVE | HASTINGSONHUDSON | NY | 10706 | 300878820 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| TURNAROUND FOR CHILDREN | ||||||||
| 25 WEST 45TH ST 6TH FLOOR | NEW YORK | NY | 10036 | 061495529 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| UMASS BOSTON | ||||||||
| 100 MORRISSEY BLVD | BOSTON | MA | 02125 | 043167352 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| UNBOUNDED | ||||||||
| 81 PROSPECT ST | BROOKLYN | NY | 11201 | 431243999 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| VALOR COLLEGIATE ACADEMIES | ||||||||
| 4527 NOLENSVILLE PIKE | NASHVILLE | TN | 37211 | 461413472 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 38 | Total501c3OrgCnt |
| Total Other Org | 3 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | NEW PROFIT'S PORTFOLIO INVESTING MODEL PROVIDES FINANCIAL AND STRATEGIC RESOURCES TO RESULTS-DRIVEN ORGANIZATIONS. NEW PROFIT PROVIDES A PORTFOLIO MANAGER TO EACH ORGANIZATION WHO WORKS CLOSELY WITH THE ORGANIZATION'S LEADERSHIP TO PROVIDE SUPPORT IN A VARIETY OF AREAS, INCLUDING IMPACT INNOVATION, LEADERSHIP AND GOVERNANCE, ORGANIZATIONAL STRATEGY, PERFORMANCE MEASUREMENT, AND MANAGEMENT AS INDICATED IN PART III OF THE FORM 990. A PORTFOLIO MANAGER ALSO HOLDS A SEAT ON THE ORGANIZATION'S BOARD OF DIRECTORS THROUGHOUT THE TERM OF NEW PROFIT'S INVESTMENT IN THE ORGANIZATION. FOR THE YEAR ENDED DECEMBER 31, 2017, NEW PROFIT INCURRED $5,687,197 OF PERSONNEL COSTS RELATING TO THE PORTFOLIO MANAGEMENT ACTIVITES AND SUPPORT TO ITS PORTFOLIO ORGANIZATIONS. THIS AMOUNT REPRESENTED APPROXIMATELY 56% OF THE TOTAL PERSONNEL COSTS OF NEW PROFIT IN 2017. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VANESSA KIRSCH | ||||||||||||||
| FOUNDER AND CEO | $339,090 | $0 | $50,000 | $0 | $0 | $0 | $6,000 | $0 | $16,677 | $0 | $411,767 | $0 | $0 | $0 |
| DOUG BORCHARD | ||||||||||||||
| MANAGING PARTNER CHIEF OPERATING OFF | $254,194 | $0 | $37,500 | $0 | $0 | $0 | $6,000 | $0 | $2,290 | $0 | $299,984 | $0 | $0 | $0 |
| IAN MAGEE | ||||||||||||||
| MANAGING PARTNER, CHIEF FINANCIAL OF | $218,068 | $0 | $0 | $0 | $0 | $0 | $680 | $0 | $8,561 | $0 | $227,309 | $0 | $0 | $0 |
| ELIZA GREENBERG | ||||||||||||||
| MANAGING PARTNER | $229,346 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15,390 | $0 | $244,736 | $0 | $0 | $0 |
| DEBORAH SMOLOVER | ||||||||||||||
| EXECUTIVE DIRECTOR OF AMER | $314,978 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $15,822 | $0 | $336,800 | $0 | $0 | $0 |
| JACOB SCHRAMM | ||||||||||||||
| MANAGING PARTNER, LEARN TO EARN FUND | $250,519 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $19,398 | $0 | $275,917 | $0 | $0 | $0 |
| SHRUTI SEHRA | ||||||||||||||
| MANAGING PARTNER, REIMAGINE AND EARL | $222,000 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $8,261 | $0 | $236,261 | $0 | $0 | $0 |
| KIMBERLY SYMAN | ||||||||||||||
| MANAGING PARTNER | $228,616 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $18,006 | $0 | $252,622 | $0 | $0 | $0 |
| TULAINE MARSHALL | ||||||||||||||
| MANAGING PARTNER | $206,923 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8,441 | $0 | $215,364 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 19 | LEADING UP TO 2017, NEW PROFIT HAD RECEIVED SIGNIFICANT MULTI-YEAR GRANTS THAT WERE RECORDED AS REVENUE IN THE YEAR OF COMMITMENT, ACCORDING TO U.S. GAAP, WITH THE FUTURE PAYMENTS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS. AS THOSE TEMPORARILY RESTRICTED COMMITMENTS WERE RECEIVED IN 2017 AND RELEASED TO UNRESTRICTED NET ASSETS, NEW PROFIT WAS ABLE TO END THE YEAR WITH A SURPLUS OF UNRESTRICTED CASH IN 2017. |
| FORM 990, PART VI, SECTION B, LINE 11B | CERTAIN EMPLOYEES OF THE ORGANIZATION REVIEW THE FORM 990 PRIOR TO THE FILING. IN ADDITION, THE FULL FORM 990 WAS REVIEWED BY NEW PROFIT'S FINANCE COMMITTEE BEFORE BEING FILED WITH THE IRS. A FULL COPY OF THE 990 WAS EMAILED TO THE ENTIRE BOARD PRIOR TO ITS FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE NEW PROFIT BOARD OF DIRECTORS ADOPTED A CONFLICT OF INTEREST POLICY IN 2005 AND REVISED THE DOCUMENT DURING 2009 AND 2011. ALL NEW DIRECTORS ARE GIVEN A COPY OF THE POLICY WHEN THEY ARE VOTED ONTO THE BOARD. ALL BOARD MEMBERS ARE ALSO REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AND PROVIDE ANNUAL CONFLICT OF INTEREST SIGNOFFS. ADDITIONALLY, WHEN DIRECTORS HAVE DIRECT RELATIONSHIPS WITH CURRENT PORTFOLIO ORGANIZATIONS OR PIPELINE ORGANIZATIONS (E.G. THEY SERVE ON THE BOARD OF AN ORGANIZATION), DIRECTORS ARE ASKED TO RECUSE THEMSELVES FROM VOTING WHEN DECISIONS REGARDING THESE ORGANIZATIONS ARE MADE BY THE BOARD OF DIRECTORS. WHEN COMPENSATION OF MANAGEMENT IS DISCUSSED AND DECIDED BY THE BOARD, DIRECTORS WITH DIRECT RELATIONSHIPS WITH INDIVIDUALS ON THE MANAGEMENT TEAM ARE ASKED TO RECUSE THEMSELVES. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR CERTAIN MEMBERS OF NEW PROFIT'S EXECUTIVE TEAM IS SET BY THE COMPENSATION COMMITTEE OF THE NEW PROFIT BOARD OF DIRECTORS. AS INPUT TO THIS DECISION-MAKING PROCESS, MANAGEMENT PROVIDES THE BOARD'S COMPENSATION COMMITTEE WITH SALARY DATA FOR COMPARABLE POSITIONS WITHIN COMPARABLE ORGANIZATIONS, AN ASSESSMENT OF NEW PROFIT'S PERFORMANCE AGAINST GOALS FOR THE PREVIOUS FISCAL YEAR, AND PERFORMANCE ASSESSMENTS FOR EACH STAFF MEMBER, INCLUDING A SELF-ASSESSMENT. MANAGEMENT MEETS WITH THE COMPENSATION COMMITTEE TO DISCUSS THE MATERIAL PROVIDED. THE COMPENSATION COMMITTEE THEN MEETS INDEPENDENTLY TO DETERMINE COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE DOCUMENTS ARE PROVIDED UPON REQUEST AND IN ACCORDANCE WITH APPLICABLE STATES AND FEDERAL LAWS. |
| FORM 990, PART IX, LINE 11G | OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 2,590,814. MANAGEMENT AND GENERAL EXPENSES 161,985. FUNDRAISING EXPENSES 398,015. TOTAL EXPENSES 3,150,814. |
| FORM 990, PART XI, LINE 9: | CANCELLED COMMITMENTS RECEIVABLE -362,959. PROVISION FOR UNCOLLECTIBLE COMMITMENTS -723,081. |
| PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |