2014-09-18T09:49:17-05:00 2013-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2013-01-01 043396766 NEW PROFIT INC NEWP 6179128800 200 CLARENDON STREET 9TH FLOOR BOSTON MA 02116 DOUGLAS BORCHARD MANAGING DIRECTOR & COO 6179128800 2014-09-17 1 MATTHEW HUTT CPA P01070603 5083669100 2014-09-11 2013 2015-11-30 17:44:51Z DOUGLAS BORCHARD 200 CLARENDON STREET 9TH FLOOR BOSTON MA 02116 42183145 0 X WWW.NEWPROFIT.COM X 1997 MA PLEASE REFER TO OUR WEBSITE (WWW.NEWPROFIT.COM) FOR DESCRIPTIONS OF OUR MISSION, PROGRAMS AND SUPPLEMENTAL 990 INFORMATION. 15 14 68 0 0 0 16795036 42164797 0 0 6320 -64849 20950 17657 16822306 42117605 14335466 15907599 0 0 6880078 7223720 0 0 1852485 2969390 3984757 24184934 27116076 -7362628 15001529 29148304 44724628 3085590 3660385 26062714 41064243 X 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. 1 0 7753535 5170000 PORTFOLIO INVESTING - GENERAL FUND - THROUGH ITS 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. THE GROWTH DIAGNOSTIC TOOL ENABLES PORTFOLIO MANAGERS TO ASSESS THE DEVELOPMENT OF EACH PORTFOLIO ORGANIZATION, AND TO THEN PRIORITIZE AND FOCUS STRATEGIC SUPPORT WHERE IT IS MOST NECESSARY. 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. IN 2013, DELOITTE PROVIDED $1,834,093 OF DONATED CONSULTING SERVICES TO THE PORTFOLIO ORGANIZATIONS INCLUDED IN NEW PROFIT'S GENERAL FUND. CERTAIN COMPONENTS OF NEW PROFIT'S PORTFOLIO INVESTMENT PROGRAM ARE EXECUTED THROUGH THE NEW PROFIT'S DOMAIN APPROACH, WHICH BRING INVESTORS, SOCIAL ENTREPRENEURS, POLICY EXPERTS, AND TOP RESEARCHERS TOGETHER IN CLOSE AND HIGHLY ENGAGED COMMUNITIES TO IDENTIFY AND DEVISE SOLUTIONS TO THE CHALLENGES IN SPECIFIC ISSUE AREAS. AS OF DECEMBER 31, 2013, NEW PROFIT HAD TWO DOMAINS AND ARE DESCRIBED AS SEPARATE PROGRAMS IN PART III. 9869348 8862599 PORTFOLIO INVESTING - PATHWAYS FUND - THE PATHWAYS FUND IS A PUBLIC/PRIVATE FUNDING PARTNERSHIP AMONGST THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE'S (CNCS) SOCIAL INNOVATION FUND AND SEVERAL CORPORATE FOUNDATIONS. THROUGH THE PATHWAYS FUND, HIGH-POTENTIAL, YOUTH DEVELOPMENT ORGANIZATIONS RECEIVE MULTI-YEAR GRANTS AND TECHNICAL ASSISTANCE TO HELP GROW THEIR IMPACT, BUILD THEIR EVIDENCE BASE, AND EXPAND THEIR PROGRAMS IN AREAS OF THE U.S. WHERE MANY OF THE GREATEST CHALLENGES IN YOUTH DEVELOPMENT EXIST. BY SUPPORTING AND GROWING A PORTFOLIO OF INNOVATIVE ORGANIZATIONS THAT OFFER CRITICAL INTERVENTIONS FOR LOW-INCOME YOUTH, NEW PROFIT SEEKS TO INCREASE THE IMPACT OF NONPROFIT ORGANIZATIONS ON THE LIVES OF LOW-INCOME YOUTH ACROSS THE COUNTRY, IMPROVING HIGH SCHOOL GRADUATION RATES, COLLEGE ENROLLMENT AND PERSISTENCE, AND ACCESS TO JOBS THAT PAY A LIVING WAGE. THE SERVICES PROVIDED TO THE PORTFOLIO ORGANIZATIONS ALSO INCLUDE THOSE PROVIDED WITHIN THE GENERAL FUND AND HAVE RECEIVED $871,929 OF DONATED CONSULTING SERVICES THROUGH DELOITTE. 2989156 1875000 REIMAGINE LEARNING - THE REIMAGINE LEARNING DOMAIN AIMS TO FUNDAMENTALLY REIMAGE THE WAY LEARNING HAPPENS IN AMERICA SO THAT ALL STUDENTS CAN ACHIEVE ACADEMIC AND LIFE SUCCESS. THIS VISION HINGES ON THREE CORE PRINCIPLES: 1) APPRECIATING LEARNER VARIABILITY (THE UNIQUE NEEDS AND TALENTS LEARNERS POSSESS), 2) RECOGNIZING THE INEXTRICABLE LINK BETWEEN COGNITIVE SKILLS AND SOCIAL-EMOTIONAL DEVELOPMENT; AND 3) EMPOWERING STUDENTS TO HAVE THE AGENCY AND VOICE TO GUIDE THEIR LEARNING JOURNEYS. TO ACHIEVE THIS TYPE OF TRANSFORMATIVE CHANGE, THE DOMAIN HAS BUILT COALITION OF VISIONARY ACTORS - SOCIAL ENTREPRENEURS, FUNDERS, POLICY ADVOCATES, RESEARCHERS, AND CREATIVE AND ENTERTAINMENT COMMUNITY MEMBERS - WHO ARE WORKING TOGETHER TO ALIGN ACTIONS TO CHANGE PRACTICE AND POLICY, AND CULTURE. 2396976 FIELD LEADERSHIP - NEW PROFIT ALSO CONDUCTS A VARIETY OF FIELD LEADERSHIP ACTIVITIES THAT CONSTANTLY PUSH THE SOCIAL SECTOR TO EMBRACE INNOVATION AND GENERATE NEW SOLUTIONS. NEW PROFIT 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 ACTORS 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, NEW PROFIT'S ANNUAL CONVENING, IS THE SIGNATURE PLATFORM FOR THIS WORK. IN ADDITION, AMERICA FORWARD IS NEW PROFIT'S NONPARTISAN POLICY INITIATIVE 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. 2396976 23009015 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 33 0 1 68 1 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY CA X X X DOUGLAS BORCHARD MANAGING DIRECTOR AND COO 6179128800 200 CLARENDON STREET 9TH FLOOR BOSTON MA 02116 GREG AVIS DIRECTOR 1.00 X 0 0 0 JOSH BEKENSTEIN CHAIRMAN 1.00 X X 0 0 0 ED COHEN DIRECTOR 1.00 X 0 0 0 PAUL EDGERLEY DIRECTOR 1.00 X 0 0 0 PAUL S GROGAN DIRECTOR 1.00 X 0 0 0 STEVE JENNINGS DIRECTOR 1.00 X 0 0 0 BILL MCCLEMENTS CLERK 1.00 X X 0 0 0 DUNCAN MCFARLAND DIRECTOR 1.00 X 0 0 0 MARK NUNNELLY DIRECTOR 1.00 X 0 0 0 JAMES PALLOTTA DIRECTOR 1.00 X 0 0 0 ELIZABETH RILEY DIRECTOR 1.00 X 0 0 0 BARRY SALZBERG DIRECTOR 1.00 X 0 0 0 BRIAN SPECTOR DIRECTOR 1.00 X 0 0 0 JEFFREY C WALKER DIRECTOR 1.00 X 0 0 0 HUGH JONES III MANAGING DIRECTOR 45.00 X 402870 0 83959 VANESSA KIRSCH MANAGING DIRECTOR AND FOUNDER 45.00 X 384159 0 98967 DOUG BORCHARD MANAGING DIRECTOR, CHIEF OPERATING OFFICER 45.00 X 271230 0 50617 AMANDA CLARK MACMULLAN MANAGING PARTNER, CHIEF DEVELOPMENT OFFICER 45.00 X 252192 0 57955 DEBORAH SMOLOVER EXECUTIVE DIRECTOR OF AMERICA FORWARD 45.00 X 293204 0 16978 KIM SYMAN MANAGING PARTNER, ACTION TANK 45.00 X 219606 0 17204 LISA JACKSON MANAGING PARTNER, PORTFOLIO TEAM 45.00 X 221215 0 5005 DIANA SMITH SENIOR PARTNER, LEADERSHIP TRANSFORMATION 45.00 X 202093 0 6700 ELIZABETH RIKER MANAGING PARTNER, CORE FUND 45.00 X 182905 0 10572 2429474 0 347957 16 0 1 0 DELOITTE CONSULTING LLP 200 BERKELEY ST SUITE 400 BOSTON MA 02116 PORTFOLIO CONSULTING 550000 CAPTAINS OF INDUSTRY 21 UNION ST BOSTON MA 02108 CONTENT MARKETING 245410 THE POTTER GROUP 5019 RENO RD NW WASHINGTON DC 20008 EVALUATION 224000 RESEARCH FOR ACTION 100 SOUTH BROAD STREET SUITE 700 PHILADEPHIA PA 19110 EVALUATION 173563 SAGAWA JOSPIN 3000 GREENVALE ROAD CHEVY CHASE MD 20815 POLICY CONSULTING 126209 7 4755693 37409104 42164797 691 691 65540 -65540 -65540 -65540 MISCELLANEOUS 900099 17657 17657 17657 42117605 -47883 0 691 15907599 15907599 1396732 562111 480667 353954 5164658 3243224 1139412 782022 33129 29230 2693 1206 213949 156022 43062 14865 415252 243129 99434 72689 1443042 1030468 40140 372434 79291 6035 73256 726446 672585 43861 10000 271121 118136 101322 51663 370987 202737 127055 41195 493128 357594 19608 115926 512640 435012 56233 21395 47530 25974 16278 5278 3676 3676 MISCELLANEOUS 36896 19159 7879 9858 27116076 23009015 2254576 1852485 3649432 5468103 7256991 5231340 17973141 33400354 140433 99066 105039 69362 128307 35677 490088 29148304 44724628 686730 832154 2398860 2828231 3085590 3660385 X 6738527 5439818 19324187 35624425 26062714 41064243 29148304 44724628 15001529 0 X X 0 1 X 1 1 1 X 22476216 10709283 8674162 16795036 42164797 100819494 22476216 10709283 8674162 16795036 42164797 100819494 27711346 73108148 3478 219 207 6320 691 10915 13994 37905 61043 20950 17657 151549 100981958 0.72400 0.72990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52000 52000 27064076 27116076 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 176769 161854 12525 52000 403148 250000 250000 250000 250000 1000000 1500000 105039 69362 35677 35677 X 45540320 3422715 3422715 42117605 0 42117605 30538791 3422715 3422715 27116076 0 27116076 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 STATEMENT 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, 2013. THE ORGANIZATIONS INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. 1 ACELERO LEARNING 63 WEST 125TH STREET 6TH FLOOR HARLEM NY 10027 300077025 CORPORATION 250000 PROGRAM EXPANSION ACHIEVEMENT NETWORK 225 FRIEND ST 704 BOSTON MA 02114 203289870 501(C)3 250000 PROGRAM EXPANSION ADMISSION POSSIBLE (COLLEGE POSSIBLE) 450 NORTH SYNDICATE STREET SUITE 325 ST PAUL MN 55104 411968798 501(C)3 250000 PROGRAM EXPANSION AVANCE INC 118 NORTH MEDINA SUITE 380 SAN ANTONIO TX 78207 912074499 501(C)3 250000 PROGRAM EXPANSION COLLEGE SUMMIT INC 1763 COLUMBIA ROAD NW 2ND FLOOR WASHINGTON DC 20009 522007028 501(C)3 1434358 PROGRAM EXPANSION EDUCATORS FOR EXCELLENCE 333 WEST 39TH STREET SUITE 703 NEW YORK NY 10018 273382030 501(C)3 250000 PROGRAM EXPANSION PROJECT EYE TO EYE INC 1430 BROADWAY 6TH FLOOR NEW YORK NY 10018 510570498 501(C)3 250000 PROGRAM EXPANSION FAMILY INDEPENDENCE INITITATIVE 5539 DEER RUN DRIVE EL SOBRANTE CA 94803 651187733 501(C)3 200000 PROGRAM EXPANSION FIRST PLACE FOR YOUTH 426 17TH ST STE 100 OAKLAND CA 94612 943341034 501(C)3 250000 PROGRAM EXPANSION FOODCORPS 281 PARK AVE S NEW YORK NY 10010 273990987 501(C)3 250000 PROGRAM EXPANSION GENESYS WORKS 601 JEFFERSON AVE HOUSTON TX 77002 030440761 501(C)3 250000 PROGRAM EXPANSION HEALTH LEADS INC 111 HUNTINGTON AVE 23RD FLOOR BOSTON MA 02199 450484533 501(C)3 525000 PROGRAM EXPANSION IMENTOR INCORPORATED 30 BROAD STREET 9TH FLOOR NEW YORK NY 10004 300105507 501(C)3 1357930 PROGRAM EXPANSION KIPP FOUNDATION 135 MAIN ST SUITE 1700 SAN FRANCISCO CA 94105 943362724 501(C)3 500000 PROGRAM EXPANSION LIFT INC 800 7TH STREET NW WASHINGTON DC 20001 522168409 501(C)3 550000 PROGRAM EXPANSION MANAGEMENT LEADERS FOR TOMORROW 5335 WISCONSIN AVENUE NW SUITE 805 WASHINGTON DC 20015 521795164 501(C)3 20000 PROGRAM EXPANSION CENTER FOR CITIZEN'S LEADERSHIP (DBA MISSION CONTINUES) 1141 SOUTH 7TH STREET STLOUIS MO 63104 208742553 501(C)3 250000 PROGRAM EXPANSION COLLEGE ADVISING CORPS 301 W BARBEE CHAPEL ROAD SUITE 100 CHAPEL HILL NC 27517 461192687 501(C)3 166038 PROGRAM EXPANSION NEW CLASSROOMS 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 452736163 501(C)3 250000 PROGRAM EXPANSION NEW LEADERS FOR NEW SCHOOLS 30 WEST 26TH STREET 2ND FLOOR NEW YORK NY 10010 043519203 501(C)3 700000 PROGRAM EXPANSION NEW TEACHER CENTER 725 FRONT STREET NO 400 SANTA CRUZ CA 95060 262427526 501(C)3 625000 PROGRAM EXPANSION NEW YORK UNVIVERSITY 70 WASHINGTON SQUARE SOUTH NEW YORK NY 10012 135562308 501(C)3 409563 PROGRAM EXPANSION PEACE FIRST INC 280 SUMMER STREET MEZZANINE LEVEL BOSTON MA 02210 043323467 501(C)3 250000 PROGRAM EXPANSION PEER HEALTH EXCHANGE INC 545 SANSOME SUITE 900 SAN FRANCISCO CA 94111 562374305 501(C)3 625000 PROGRAM EXPANSION RARE 1840 WILSON BLVD SUITE 204 ARLINGTON VA 22201 237380563 501(C)3 50000 PROGRAM EXPANSION REGENTS FOR THE UNIVERSITY OF CALIFORNIA AT BERKELEY 2150 STATTUCK AVE BERKELEY CA 04704 956002123 501(C)3 347031 PROGRAM EXPANSION SINGLE STOP 1825 PARK AVENUE SUITE 503 NEW YORK NY 10035 208837690 501(C)3 1092169 PROGRAM EXPANSION TURNAROUND FOR CHILDREN 25 WEST 45TH STREET 6TH FLOOR NEW YORK NY 10036 061495529 501(C)3 250000 PROGRAM EXPANSION UNIVERSITY OF ILLINOIS FOUNDATION 1305 WEST GREEN STREET URBABA IL 61802 376006007 501(C)3 180468 PROGRAM EXPANSION UNIVERSTIY OF NORTH CAROLINA - CHAPEL HILL 910 RALEIGH ROAD CHAPEL HILL NC 27514 566001383 501(C)3 217192 PROGRAM EXPANSION UNIVERSITY OF MISSOURI 800 CONLEY AVENUEE COLUMBIA MO 65211 436003859 501(C)3 211623 PROGRAM EXPANSION YEAR UP 93 SUMMER STREET 5TH FLOOR BOSTON MA 02210 043534407 501(C)3 2250000 PROGRAM EXPANSION YOUTHBUILD USA 58 DAY STREET SOMERVILLE MA 02144 223076454 501(C)3 1196227 PROGRAM EXPANSION 32 1 PART I, LINE 2: 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, 2013 NEW PROFIT INCURRED $2,686,261 OF PERSONNEL COSTS RELATING TO THE PORTFOLIO MANAGEMENT ACTIVITES AND SUPPORT TO ITS PORTFOLIO ORGANIZATIONS. THIS AMOUNT REPRESENTED APPROXIMATELY 37% OF THE TOTAL PERSONNEL COSTS OF NEW PROFIT IN 2013. X X X 0 0 0 0 0 0 0 0 0 HUGH JONES III MANAGING DIRECTOR 342870 0 60000 0 0 0 70000 0 13959 0 486829 0 60000 0 VANESSA KIRSCH MANAGING DIRECTOR AND FOUNDER 309159 0 75000 0 0 0 80000 0 18967 0 483126 0 75000 0 DOUG BORCHARD MANAGING DIRECTOR, CHIEF OPERATING O 221230 0 50000 0 0 0 46000 0 4617 0 321847 0 50000 0 AMANDA CLARK MACMULLAN MANAGING PARTNER, CHIEF DEVELOPMENT 233742 0 18450 0 0 0 43416 0 14539 0 310147 0 18450 0 DEBORAH SMOLOVER EXECUTIVE DIRECTOR OF AMERICA FORWAR 293204 0 0 0 0 0 0 0 16978 0 310182 0 0 0 KIM SYMAN MANAGING PARTNER, ACTION TANK 219606 0 0 0 0 0 0 0 17204 0 236810 0 0 0 LISA JACKSON MANAGING PARTNER, PORTFOLIO TEAM 221215 0 0 0 0 0 0 0 5005 0 226220 0 0 0 DIANA SMITH SENIOR PARTNER, LEADERSHIP TRANSFORM 202093 0 0 0 0 0 0 0 6700 0 208793 0 0 0 ELIZABETH RIKER MANAGING PARTNER, CORE FUND 182905 0 0 0 0 0 0 0 10572 0 193477 0 0 0 KIPP FOUNDATION A NEW PROFIT BOARD MEMBER SERVES ON THE BOARD OF KIPP 500000 GRANT PAYMENT 0 NEW LEADERS FOR NEW SCHOOLS A NEW PROFIT BOARD MEMBER SERVES ON THE BOARD OF NEW LEADERS 700000 GRANT PAYMENT 0 CENTER FOR CITIZEN LEADERSHIP DBA THE MISSION CONTINUES A NEW PROFIT BOARD MEMBER SERVES ON THE BOARD OF TMC 250000 GRANT PAYMENT 0 PROJECT EYE TO EYE A NEW PROFIT BOARD MEMBER SERVES ON THE BOARD OF EYE TO EYE 250000 GRANT PAYMENT 0 COLLEGE SUMMIT A NEW PROFIT BOARD MEMBER SERVES ON THE BOARD OF COLLEGE SUMMIT 1434358 GRANT PAYMENT 0 DELOITTE CONSULTING LLP A NEW PROFIT BOARD MEMBER IS A MANAGING DIRECTOR AT DELOITTE 550000 PAYMENT FOR CONSULTING SERVICES PROVIDED 0 CAPTAINS OF INDUSTRY THE CEO OF CAPTAINS OF INDUSTRY IS THE BROTHER OF A MANAGING DIRECTOR AT NE 245410 PAYMENT FOR CONSULTING SERVICES PROVIDED 0 FORM 990, PART III, LINE 2 SEE PART III LINE 4C FOR NEW SIGNIGICANT PROGRAM SERVICE UNDERTAKEN IN FY13. FORM 990, PART VI, SECTION B, LINE 11 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 AND ALL BOARD MEMBERS ARE ALSO REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. 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 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 PREPARED BY THE MANAGING DIRECTOR. 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 XII LINE 2C NEW PROFIT'S AUDIT OVERSIGHT AND SELECTION PROCESS DID NOT CHANGE DURING FY2013.