2016-05-20T08:14:16-05:00 2015-06-30 131459550 WEISERMAZARS LLP 135 WEST 50TH STREET NEW YORK NY 10020 990 2014-07-01 043519203 NEW LEADERS INC NEWL 6467921070 30 WEST 26TH STREET NO 9TH FL NEW YORK NY 10010 JEAN DESRAVINES CEO 6467921070 2016-05-18 1 ISRAEL TANNENBAUM P01589203 2128127000 2014 2016-08-17 19:52:53Z X JEAN DESRAVINES 30 WEST 26TH STREET NEW YORK NY 10010 38682882 0 X WWW.NEWLEADERS.ORG X 2000 MA SEE SCHEDULE O 13 12 213 13 0 0 27914920 33551994 5537531 4894790 1870 4220 40175 174955 33494496 38625959 33600 32788 0 0 19925867 22449579 0 0 1914497 7471412 7791349 27430879 30273716 6063617 8352243 21068731 28556904 4674533 3810463 16394198 24746441 X NEW LEADERS, INC.'S MISSION IS TO ENSURE HIGH ACADEMIC ACHIEVEMENT FOR ALL CHILDREN, ESPECIALLY STUDENTS IN POVERTY AND STUDENTS OF COLOR, BY DEVELOPING TRANSFORMATIONAL SCHOOL LEADERS AND ADVANCING THE POLICIES AND PRACTICES THAT ALLOW GREAT LEADERS TO SUCCEED. 0 0 7271747 32788 RESIDENCY PROGRAM (ASPIRING PRINCIPALS PROGRAM)THE CORE OF THE NEW LEADERS' ASPIRING PRINCIPALS PROGRAM IS A YEAR-LONG, FULL-TIME, PAID RESIDENCY IN AN URBAN PUBLIC SCHOOL WHERE THE PROGRAM PARTICIPANT WORKS ALONGSIDE A MENTOR PRINCIPAL. SIMULTANEOUSLY, PROGRAM PARTICIPANTS RECEIVE ONGOING TRAINING FROM NEW LEADERS THROUGH A SUMMER INSTITUTE AND REGULAR SEMINARS AND TRAINING SESSIONS THROUGHOUT THE SCHOOL YEAR. PROGRAM PARTICIPANTS UNDERGO AN INTENSIVE RECRUITMENT AND ADMISSIONS PROCESS IN ORDER TO BE ACCEPTED OR ARE REVIEWED FOR ADMISSION AS PART OF THEIR PARTICIPATION IN NEW LEADERS' EMERGING LEADERS PROGRAM. THE ULTIMATE GOAL OF THE RESIDENCY IS TO PREPARE PROGRAM PARTICIPANTS TO BECOME HIGHLY-EFFECTIVE SCHOOL LEADERS IN URBAN PUBLIC SCHOOLS THAT PROMOTE HIGH EXPECTATIONS FOR AND DELIVER HIGH LEVELS OF STUDENT ACHIEVEMENT AND THAT EQUIP EVERY STUDENT WITH THE ACADEMIC AND PERSONAL SKILLS NEEDED TO GRADUATE FROM HIGH SCHOOL READY FOR SUCCESS IN COLLEGE, CAREERS, AND CITIZENSHIP. THROUGH THIS PROGRAM, IN THE 2014-15 SCHOOL YEAR, NEW LEADERS DELIVERED RIGOROUS CURRICULUM, TRAINING, AND SUPPORT EXPERIENCES TO 78 PROGRAM PARTICIPANTS IN 9 PROGRAM SITES SERVING APPROXIMATELY 25,350 STUDENTS. 5134083 EMERGING LEADERS PROGRAMTHE EMERGING LEADERS PROGRAMS PROVIDES ON-THE-JOB LEADERSHIP TRAINING THAT PREPARES ASSISTANT PRINCIPALS, COACHES AND TEACHER LEADERS TO ELEVATE INSTRUCTION AND RAISE ACHIEVEMENT ACROSS MULTIPLE CLASSROOMS. THE PROGRAM STRENGTHENS LEADERSHIP CAPACITY ACROSS ENTIRE DISTRICTS AND CHARTER NETWORKS, BUILDING A PIPELINE OF WELL-PREPARED FUTURE PRINCIPALS AND ENSURING THAT TEACHER LEADERS AND ASSISTANT PRINCIPALS MASTER ESSENTIAL ADULT AND INSTRUCTIONAL LEADERSHIP SKILLS NEEDED TO GUIDE COLLEAGUES AND THEIR STUDENTS TO EXCELLENCE. IN THE 2014-15 SCHOOL YEAR, THE EMERGING LEADERS PROGRAM BEGAN WITH OVER 442 EDUCATORS SERVING APPROXIMATELY 40,875 STUDENTS. THE EMERGING LEADERS PROGRAM ALSO SERVES AS AN ADMISSION PATHWAY TO NEW LEADERS' ASPIRING PRINCIPALS PROGRAM. 56 MEMBERS OF THE THIRD COHORT OF EMERGING LEADERS MATRICULATED INTO THE ASPIRING PRINCIPALS PROGRAM FOR THE FOLLOWING YEAR. 4328049 THE LEADERSHIP PRACTICE IMPROVEMENT (LPI) PROGRAMTHE LEADERSHIP PRACTICE IMPROVEMENT (LPI) PROGRAM IS A PROFESSIONAL DEVELOPMENT PROGRAM THAT TRANSFORMS SCHOOLS BY TRAINING PRINCIPALS AND THEIR SCHOOL TEAMS TOGETHER, IN THE SCHOOL BUILDING, SO THAT THE ENTIRE SCHOOL COMMUNITY IS WORKING TOGETHER TO SUPPORT STUDENT SUCCESS. THIS APPROACH EMBEDS LESSONS INTO THE DAILY LIFE OF THE SCHOOL AND ENABLES PARTICIPANTS TO GET TO IMPACT QUICKLY, THROUGH COLLABORATION AND BY MOTIVATING ONE ANOTHER TO PUT WHAT THEY'RE LEARNING INTO PRACTICE AND MAKE REAL-TIME ADJUSTMENTS TO ADVANCE TEAM GOALS. ALL CONTENT BUILDS SKILLS IN FOUR CORE LEADERSHIP DOMAINS PROVEN TO DRIVE LEARNING GAINS. EXPERT ADVISORS PROVIDE ONGOING GUIDANCE AND MEANINGFUL FEEDBACK TO IMPROVE PARTICIPANTS' PRACTICE. OUR SOPHISTICATED BLENDED LEARNING PLATFORM PAIRS SELF-PACED STUDY WITH TARGETED COACHING. OVER THE COURSE OF A YEAR, LPI GUIDES INSTRUCTIONAL LEADERSHIP TEAMS TO BUILD CRITICAL SKILLS TO: (1) SET A TEAM PURPOSE, DEVELOP SCHOOL-WIDE GOALS, AND CREATE AN ACTION PLAN TO ACHIEVE THE GOALS. (2) MONITOR ACTION PLANS, USE DATA TO TRACK PROGRESS TO GOALS, AND ADJUST PLANS IN RESPONSE TO DATA. (3) COACH TEACHERS TO IMPROVE INSTRUCTION BASED ON AN ANALYSIS OF OBSERVATION, AND BOTH CLASSROOM-LEVEL AND STUDENT-LEVEL DATA. (4) DEMONSTRATE THE PRACTICES OF A HIGH-PERFORMING TEAM TO BUILD SUSTAINABLE CHANGE.TO IMPROVE IN THESE SKILLS, TEAM MEMBERS AND PRINCIPALS PRACTICE PARTICULAR LEADERSHIP ACTIONS IN THE FOUR LEADERSHIP DOMAINS OF BUILDING EFFICACY; GOAL SETTING, ANALYSIS, ACTION PLANNING; IMPLEMENTING PLANS AND BUILDING AN EFFECTIVE LEADERSHIP TEAM. EACH SCHOOL WORKS WITH A NEW LEADERS ADVISOR TO GUIDE THEM THROUGH THE PROGRAM, PROVIDE FEEDBACK ON JOB-EMBEDDED ASSIGNMENTS, AND SCORES AGAINST A LEADERSHIP MAP WHICH MEASURES THEIR PROFICIENCY IN EACH OF THE LEADERSHIP DOMAINS. 6849724 4894790 SCHOOL SUPPORT PROGRAM (ASPIRING PRINCIPALS PROGRAM/PRINCIPAL INSTITUTE)FOR PROGRAM PARTICIPANTS WHO COMPLETE THE ASPIRING PRINCIPALS PROGRAM AND ACCEPT LEADERSHIP POSITIONS IN URBAN PUBLIC SCHOOLS, NEW LEADERS PROVIDES SUPPORT THROUGH ITS PRINCIPAL INSTITUTE, A PROFESSIONAL LEARNING COMMUNITY. IN THE YEAR ENDING JUNE 30, 2015, PRINCIPAL INSTITUTE INCLUDED 78 PRINCIPALS SERVING APPROXIMATELY 50,700 STUDENTS. THE PRINCIPAL INSTITUTE INCLUDES GUIDANCE IN DEVELOPING AN ENTRY PLAN FOR THE NEW SCHOOL LEADER AND PROVIDES SUBSTANTIAL PROFESSIONAL DEVELOPMENT AND SUPPORT IN THE CRUCIAL EARLY YEARS ON THE JOB. THROUGH NEW LEADERS' CITY PROGRAM OFFICES, NEW LEADERS PRINCIPALS AND ASSISTANT PRINCIPALS HAD ACCESS TO ONGOING PROFESSIONAL DEVELOPMENT WORKSHOPS, CONSULTATIONS WITH EXPERT STAFF, OPPORTUNITIES TO PARTICIPATE IN SMALL-GROUP LEARNING AND LEADERSHIP DEVELOPMENT EXPERIENCES, AND INVITATIONS TO NETWORKING AND SOCIAL EVENTS. THEY ALSO HAD ACCESS TO HIGH-QUALITY, NATIONALLY-PROVIDED RESOURCES INCLUDING THE URBAN EXCELLENCE FRAMEWORK ("UEF") FIELD GUIDE; UEF-ALIGNED TOOLS, ARTIFACTS, AND RESOURCES; SCHOOL-WIDE DIAGNOSTIC TOOLS AND ACTION PLANNING FRAMEWORKS; ONLINE ACCESS TO KEY CURRICULUM AND COURSE MATERIALS; THE EPIC KNOWLEDGE SYSTEM; AND INVITATIONS TO PERIODIC NATIONAL PROFESSIONAL DEVELOPMENT EVENTS.RESIDENT SELECTION PROGRAM: THE NATIONAL RECRUITMENT AND SELECTION PROGRAM FOR THE NEW LEADERS ASPIRING PRINCIPALS PROGRAM LED TO THE ACCEPTANCE OF 20 NEW RESIDENTS FOR THE FOLLOWING SCHOOL YEAR BASED ON RIGOROUS SELECTION CRITERIA. NEW LEADERS AGGRESSIVELY RECRUITED CANDIDATES WHO HAD K-12 INSTRUCTIONAL EXPERTISE, EXCEPTIONAL ADULT LEADERSHIP AND MANAGEMENT SKILLS, AND AN UNYIELDING BELIEF THAT ALL STUDENTS CAN AND WILL ACHIEVE AT HIGH LEVELS. 321 PEOPLE APPLIED TO THE ASPIRING PRINCIPALS PROGRAM THROUGH THIS NATIONAL PROCESS.POLICY AND PRACTICE SERVICES: NEW LEADERS ALSO OFFERS THE FOLLOWING SERVICES: (1) POLICY AND PRACTICE SERVICES, WHICH ARE CONSULTING SERVICES REGARDING LEADERSHIP POLICY AND PRACTICE DEVELOPMENT FOR SCHOOL DISTRICTS, CMOS, AND STATE DEPARTMENTS OF EDUCATION THAT PROVIDE THE MANAGEMENT AND SUPPORT THAT PRINCIPALS NEED TO IMPROVE SCHOOL PERFORMANCE; AND (2) PRINCIPAL SUPERVISOR SUPPORT, WHICH INCLUDES TRAINING ON PRINCIPAL EVALUATION, PRINCIPAL SUPERVISOR ROLE DEFINITION, COMMUNITIES OF PRACTICE AND 1:1 COACHING TO HELP PRINCIPAL SUPERVISORS MANAGE AND SUPPORT PRINCIPALS TO IMPROVE SCHOOL AND STUDENT PERFORMANCE. 6849724 4894790 23583603 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 55 0 1 213 1 0 0 0 0 0 0 0 0 0 0 X 13 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA CO CT DC HI MD MA MS NJ NY NC OH PA TN WI IL VA FL LA MN X X ANGELA VANDERPLOEG CFO 6467921070 30 WEST 26TH ST 9TH FL NEW YORK NY 10010 JEAN DESRAVINES CEO & BOARD MEMBER 40.00 X X 471100 0 32009 JOSH BEKENSTEIN BOARD MEMBER UNTIL JAN 2015 0.40 X 0 0 0 CHRIS CHADWICK BOARD CHAIRMAN 0.40 X X 0 0 0 BARBARA HYDE BOARD MEMBER 0.40 X 0 0 0 MIKE JOHNSTON BOARD MEMBER 0.40 X 0 0 0 TRIPP JONES BOARD MEMBER 0.40 X 0 0 0 JOSH LEWIS BOARD MEMBER 0.40 X 0 0 0 MARTY LIPPERT BOARD MEMBER 0.40 X 0 0 0 LINNEA ROBERTS BOARD MEMBER 0.40 X 0 0 0 JONATHAN SCHNUR BOARD MEMBER 0.40 X 0 0 0 NAOMI O SELIGMAN BOARD MEMBER 0.40 X 0 0 0 JAN ROCK ZUBROW BOARD MEMBER 0.40 X 0 0 0 MICHELLE BOYERS BOARD MEMBER EFFECT. 6/2015 0.40 X 0 0 0 BENJAMIN FENTON CHIEF STRATEGY & KNOWLEDGE 40.00 X 240875 0 30235 DIANNE HOUGHTON CHIEF OPERATING OFFICER UNTIL 6/2015 40.00 X 258500 0 6005 LAURA KADETSKY SECY/CLERK & GENERAL COUNSEL 40.00 X 233922 0 31825 STEPHANIE MORIMOTO CHIEF EXTERNAL RELATIONS OFFICER 40.00 X 254625 0 9636 JACQUELINE GRAN CHIEF POLICY & PARTNERSHIP 40.00 X 211500 0 20741 JAIME AQUINO CHIEF PROGRAM OFFICER EFFECT 11/3/14 40.00 X 36478 0 1193 MICHELLE HALLERDIN CHIEF TALENT OFFICER UNTIL 6/2014 40.00 X 162423 0 13272 ANGELA VANDERPLOEG TREASURER/CHIEF FINANCIAL OFFICER 40.00 X 229125 0 28696 SONIA BEATTY CHIEF OF STAFF TO CEO 40.00 X 163893 0 4131 BENJAMIN FLORMAN SR. ED OF TECH STRATEGY UNTIL 6/2015 40.00 X 191300 0 17415 DENIS THOMPSON ED, FINANCE OPERATIONS UNTIL 11/2015 40.00 X 181625 0 20998 MATTHEW KELEMEN ED, STATE SERVICES 40.00 X 211037 0 28540 MARGUERITE BLINN ED, CHICAGO UNTIL MAY 2015 40.00 X 165293 0 8667 ANDRE COWLING REGIONAL ED, DC METRO REGION 40.00 X 173604 0 12063 KAREEM WEAVER ED, BAY AREA 40.00 X 155810 0 19702 3341110 0 285128 69 0 1 0 RAND CORPORATION FILE 53174 LOS ANGELES CA 90074 EVALUATION CONSULTANT 240560 PERFORMANCE EDUCATION LLC 6280 LAKE SARAH HEIGHTS DRIVE ROCKFORD MN 55373 PROGRAM CONSULTANT 224000 KINEO GROUP INC 343 W ERIE ST 410 CHICAGO IL 60654 PROGRAM CONSULTANT 141629 3 6055967 27496027 257671 33551994 POLICY & PRACTICE SERV 611710 4894790 4894790 4894790 4220 4220 127337 127337 101351 56923 44428 44428 44428 SUNDRY FEES 900099 3190 3190 3190 38625959 4894790 0 179175 32788 32788 2549828 1700190 729780 119858 15965419 12811270 1905662 1248487 347190 226434 101359 19397 2184736 1667818 310646 206272 1402406 1095738 198229 108439 3009 3009 81479 81479 45801 45801 1842462 1601284 231118 10060 138250 129959 2129 6162 1819770 1261296 516018 42456 1276440 931717 293210 51513 1069391 921183 51950 96258 717862 717862 12882 12882 271618 75470 192509 3639 108549 33644 72949 1956 UNIVERSITY PARTNER COST 196741 196741 CURRICULUM MATERIALS 178574 178380 194 BAD DEBT EXPENSE 26692 26692 1829 1829 30273716 23583603 4775616 1914497 2490357 6966755 4210095 7569185 12865875 12872333 2201 352 594220 409332 1169119 563637 760459 605482 145524 133465 21068731 28556904 3299036 3327342 85333 1000000 375497 397788 4674533 3810463 X 7741946 17674466 8652252 7071975 16394198 24746441 21068731 28556904 8352243 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 106834 106834 30227915 30334749 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 10831 10852 33980 106834 162497 250000 250000 250000 250000 1000000 1500000 414856 228681 186175 745885 334956 410929 8378 8378 605482 DEFERRED RENT 397788 397788 X 39362177 736218 736218 38625959 0 38625959 31009934 736218 736218 30273716 0 30273716 PART X, LINE 2: NEW LEADERS RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT NEW LEADERS HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. NEW LEADERS IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICITONS FOR PERIODS PRIOR TO JUNE 30, 2012. 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 INFORMATION WAS PUBLISHED THROUGH BROADCAST MEDIA (WEBSITE, EMAIL BLASTS, AND SIMILAR MEDIA) AVAILABLE IN EACH METROPOLITAN AREA THAT NEW LEADERS SERVES. SCHEDULE E, PART I, LINE 6 NEW LEADERS RECEIVED GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION AND MEMPHIS CITY SCHOOL DISTRICT AND RECEIVED FEE-FOR-SERVICE FROM VARIOUS SCHOOL DISTRICTS. 1 STIPENDS 12 32788 SCHEDULE I PART I LINE 2 A CONTRACT IS DRAWN UP WITH EACH GRANTEE AND SIGNED BY A SENIOR STAFF MEMBER FROM NEW LEADERS, INC. AND BY THE GRANTEE. THE CONTRACT CONTAINS IMPORTANT DETAILED INFORMATION INCLUDING TOTAL AMOUNT OF THE GRANT AWARD, PURPOSE OF THE GRANT, AND PAYMENT REQUIREMENTS. X X X X X 1 0 0 0 0 0 0 1 0 JEAN DESRAVINES CEO & BOARD MEMBER 388600 0 82500 0 0 0 5514 0 26495 0 503109 0 0 0 BENJAMIN FENTON CHIEF STRATEGY & KNOWLEDGE 210125 0 30750 0 0 0 5381 0 24854 0 271110 0 0 0 DIANNE HOUGHTON CHIEF OPERATING OFFICER UNTIL 6/2015 225500 0 33000 0 0 0 4125 0 1880 0 264505 0 0 0 LAURA KADETSKY SECY/CLERK & GENERAL COUNSEL 202422 0 31500 0 0 0 5341 0 26484 0 265747 0 0 0 STEPHANIE MORIMOTO CHIEF EXTERNAL RELATIONS OFFICER 215250 0 39375 0 0 0 3465 0 6171 0 264261 0 0 0 JACQUELINE GRAN CHIEF POLICY & PARTNERSHIP 184500 0 27000 0 0 0 2100 0 18641 0 232241 0 0 0 MICHELLE HALLERDIN CHIEF TALENT OFFICER UNTIL 6/2014 116269 0 0 0 46154 0 4500 0 8772 0 175695 0 0 0 ANGELA VANDERPLOEG TREASURER/CHIEF FINANCIAL OFFICER 199875 0 29250 0 0 0 3850 0 24846 0 257821 0 0 0 SONIA BEATTY CHIEF OF STAFF TO CEO 156298 0 7595 0 0 0 3356 0 775 0 168024 0 0 0 BENJAMIN FLORMAN SR. ED OF TECH STRATEGY UNTIL 6/2015 165800 0 25500 0 0 0 0 0 17415 0 208715 0 0 0 DENIS THOMPSON ED, FINANCE OPERATIONS UNTIL 11/2015 157625 0 24000 0 0 0 4800 0 16198 0 202623 0 0 0 MATTHEW KELEMEN ED, STATE SERVICES 182912 0 28125 0 0 0 5591 0 22949 0 239577 0 0 0 MARGUERITE BLINN ED, CHICAGO UNTIL MAY 2015 151590 0 13703 0 0 0 571 0 8096 0 173960 0 0 0 ANDRE COWLING REGIONAL ED, DC METRO REGION 152994 0 20610 0 0 0 4624 0 7439 0 185667 0 0 0 KAREEM WEAVER ED, BAY AREA 134810 0 21000 0 0 0 0 0 19702 0 175512 0 0 0 PART I, LINE 7 BONUSES WERE PAID SCHEDULE J LINE 4A MICHELLE HALLERDIN RECEIVED SEVERANCE PAY BECAUSE HER POSITION WAS ELIMINATED, AND SHE RECEIVED 12 WEEKS OF SEVERANCE PAY WHICH EQUATED TO 46,154. SHE ALSO RECEIVED 2 MONTHS OF COMPANY PAID COBRA. BARBARA HYDE BOARD MEMBER 0 SEE BELOW 0 SCH L PART IV THE J.R. HYDE III FAMILY FOUNDATION (OF WHICH BARBARA HYDE IS A BOARD MEMBER) GUARANTEED UNTIL JUNE 1, 2015 THE COMPANY'S LINE OF CREDIT WITH A BANK. X 4 257671 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE NUMBER 4 REPRESENTS THE NUMBER OF CONTRIBUTIONS OF NON CASH CONTRIBUTIONS FORM 990, PART I, LINE 1 NEW LEADERS INC'S MISSION IS TO ENSURE HIGH ACADEMIC ACHIEVEMENT FOR ALL CHILDREN, ESPECIALLY STUDENTS IN POVERTY AND STUDENTS OF COLOR, BY DEVELOPING TRANSFORMATIONAL SCHOOL LEADERS AND ADVANCING THE POLICIES AND PRACTICES THAT ALLOW GREAT LEADERS TO SUCCEED. DURING THE 2014-2015 SCHOOL YEAR, NEW LEADERS ADVANCED ITS MISSION BY OFFERING HIGH-QUALITY TRAINING TO EDUCATION LEADERS AT EVERY LEVEL, FROM TEACHERS UP TO SUPERINTENDENTS. THE CORE COMPONENTS OF THE PROGRAM CONTINUUM INCLUDES (1) THE EMERGING LEADERS PROGRAM, A SCHOOL LEADERSHIP PROFESSIONAL DEVELOPMENT PROGRAM TO PREPARE TEACHER LEADERS, COACHES, AND ASSISTANT PRINCIPALS TO BE HIGHLY EFFECTIVE INSTRUCTIONAL LEADERS; (2) THE ASPIRING PRINCIPALS PROGRAM, WHICH INCLUDES A RIGOROUS SELECTION PROCESS AND INTENSIVE TRAINING IN AN ONSITE RESIDENCY; (3) THE PRINCIPAL INSTITUTE, WHICH PROVIDES ONGOING SUPPORT THROUGH A PROFESSIONAL LEARNING COMMUNITY FOR FORMER PARTICIPANTS IN THE ASPIRING PRINCIPALS PROGRAM WHO ACCEPT LEADERSHIP POSITIONS IN URBAN PUBLIC SCHOOLS; AND (4) LEADERSHIP PRACTICE IMPROVEMENT (LPI), A PROGRAM THAT HELPS PRINCIPALS BUILD MORE EFFECTIVE INSTRUCTIONAL LEADERSHIP TEAMS THROUGH A COMBINATION OF ONLINE LEARNING AND EXPERT COACHING. NEW LEADERS' CORE PROGRAM OPERATED IN BALTIMORE, MD; CALIFORNIA'S BAY AREA; CHARLOTTE, NC; CHICAGO, IL; MEMPHIS, TN; GREATER NEW ORLEANS, LA; NEW YORK, NY; NEWARK, NJ; PRINCE GEORGE'S COUNTY, MD; AND WASHINGTON, D.C. FORM 990 ITEM B COMPANY IS FILING AN AMENDED RETURN TO ADJUST THE AMOUNT REPORTED FOR LOBBYING EXPENSES TO $106,834. FORM 990, PART VI, SECTION A, LINE 2 JOSH BEKENSTEIN, DIRECTOR AND TRIPP JONES, DIRECTOR ARE CHAIR OF THE BOARD AND MANAGING DIRECTOR OF NEW PROFIT, INC., RESPECTIVELY. JOSH LEWIS, DIRECTOR, IS ALSO DIRECTOR OF PARCHMENT INC. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 (ALONG WITH AUDITED FINANCIAL STATEMENTS) IS REVIEWED BY ALL VOTING MEMBERS OF THE ORGANIZATION'S GOVERNING BODY AND BY THE OFFICERS OF THE ORGANIZATION BEFORE FILING. SPECIFICALLY, UPON COMPLETION OF THE ANNUAL AUDIT, A DRAFT OF THE FORM 990, WITH THE AUDITED FINANCIAL STATEMENTS AS APPROVED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS, IS PRESENTED TO THE FULL BOARD OF DIRECTORS IN ELECTRONIC COPY FOR REVIEW. FURTHER, THE DRAFT FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE ALSO PRESENTED IN ELECTRONIC FORM TO THE OFFICERS OF THE ORGANIZATION FOR REVIEW. ONCE THIS REVIEW IS COMPLETED, THE FORM 990 IS FILED WITH FEDERAL AND STATE GOVERNMENTS ALONG WITH COPIES OF THE FINAL AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C NEW LEADERS HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS INCLUDED IN THE EMPLOYEE POLICIES MANUAL AND FISCAL POLICIES AND PROCEDURES MANUAL, POSTED ON THE INTERNAL WEBSITE, AND INCLUDED IN BOARD ORIENTATION MATERIALS. BOARD MEMBERS, OFFICERS, AND MANAGEMENT (EXECUTIVE-LEVEL) EMPLOYEES ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY AT LEAST ANNUALLY, AS WELL AS UPON ANY REVISION THERETO, AND ARE REQUIRED AT LEAST ANNUALLY TO SIGN A DOCUMENT CERTIFYING THAT THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY AND AGREE TO COMPLY WITH IT. THE BOARD CURRENTLY MANDATES THAT ALL EXECUTIVE-LEVEL EMPLOYEES AND BOARD MEMBERS ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSE POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT IS DISCLOSED AT ANY TIME, THE BOARD, OR THE RELEVANT COMMITTEE THEREOF, WILL REVIEW THE MATERIAL FACTS AND CIRCUMSTANCES. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST, THE BOARD WILL DETERMINE WHETHER THE TRANSACTION AT ISSUE MAY BE OBTAINED WITH REASONABLE EFFORTS VIA AN ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OR, IF THAT IS NOT REASONABLY POSSIBLE, WHETHER THE ORIGINAL TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION, FOR ITS OWN BUSINESS, AND FAIR AND REASONABLE. THE INTERESTED PERSON DOES NOT PARTICIPATE IN ANY VOTE OR DISCUSSION ON THIS MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES A DETAILED JOB LADDER WITH POSITION LEVELS, SALARY RANGES, AND JOB REQUIREMENTS THAT ARE BENCHMARKED AGAINST COMPARABLE NON-PROFIT ORGANIZATIONS. ALL EMPLOYEES ARE GIVEN ANNUAL PERFORMANCE REVIEWS, AND SALARY INCREASES ARE APPROVED BY AN OFFICER. THE COMPENSATION OF THE CEO, AND THE CEO'S RECOMMENDATIONS FOR COMPENSATION OF THE OTHER OFFICERS ARE REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD AND REVIEWED AND APPROVED BY ALL INDEPENDENT MEMBERS OF THE FULL BOARD. AS PART OF THE BOARD'S REVIEW THEY GIVE CONSIDERATION TO COMPENSATION STUDIES AND SURVEYS, COMPARISON INFORMATION FROM OTHER NONPROFIT ORGANIZATIONS OBTAINED FROM FORMS 990 AND OTHER SOURCES, AND HISTORICAL SALARY INFORMATION. THIS PROCESS IS COMPLETED ON AN ANNUAL BASIS. IN ADDITION, THE ORGANIZATION RETAINED AN INDEPENDENT COMPENSATION CONSULTANT THAT PROVIDED INFORMATION TO THE COMPENSATION COMMITTEE AND THE BOARD AS PART OF THEIR REVIEW OF THE CEO'S COMPENSATION AND THE CEO'S RECOMMENDATIONS FOR COMPENSATION OF THE OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 18 THESE DOCUMENTS ARE POSTED AND ACCESSIBLE ON THE WEBSITE WWW.NEWLEADERS.ORG: - IRS DETERMINATION LETTER - BOARD OF DIRECTORS MEMBERSHIP - LEADERSHIP TEAM MEMBERSHIP - FEDERAL FORM 990 - AUDITED FINANCIAL STATEMENTS - NON-DISCRIMINATION POLICY FORM 990, PART VI, SECTION C, LINE 19 NEW LEADERS HAS A POLICY TO PROVIDE WITHIN A REASONALBLE PERIOD OF TIME THE DOCUMENTS LISTED BELOW TO ANY PERSON OR ORGANIZATION THAT REQUESTS THEM WHETHER IN WRITING OR IN PERSON. - FEDERAL EXEMPTION APPLICATION WITH SUPPORTING DOCUMENTS, INCLUDING ARTICLES OF INCORPORATION AND BYLAWS - IRS DETERMINATION LETTER - BOARD OF DIRECTORS MEMBERSHIP - LEADERSHIP TEAM MEMBERSHIP - FEDERAL FORM 990 - AUDITED FINANCIAL STATEMENTS - NON-DISCRIMINATION POLICY - DRUG-FREE WORKFORCE POLICY - CONFLICT OF INTEREST POLICY