2023-05-03T11:03:24-05:00 2022-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2021-07-01 452736163 NEW CLASSROOMS INNOVATION PARTNERS INC NEWC 2129206130 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 JODI ANN MASTRONARDI INTERIM CAO 2129206130 2023-05-03 1 JODI ANN MASTRONARDI XXX-XX-XXXX EVA MRUK P00543254 2122862600 2023-05-03 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JOEL ROSE 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 12926104 0 X NEWCLASSROOMS.ORG X 2011 DE NEW CLASSROOMS INNOVATION PARTNERS (NEW CLASSROOMS) BELIEVES IT IS POSSIBLE TO MAKE THE U.S. EDUCATION SYSTEM WORK FOR EACH AND EVERY STUDENT. WE RECOGNIZE THAT LEARNING IS PERSONAL. EACH STUDENT IS DIFFERENT. AND WHEN SCHOOLS CAN TRULY MEET A STUDENT'S UNIQUE STRENGTHS AND NEEDS, THE BENEFITS OF A GREAT EDUCATION OPEN UP TO THEM. TURNING THIS POSSIBILITY INTO REALITY - AT SCALE - IS THE REASON WE EXIST. WE DEVELOP DIGITAL PRODUCTS AND INNOVATIVE LEARNING MODELS THAT MEET STUDENTS WHERE THEY ARE AND CONNECT THEM TO WHERE THEY NEED TO BE. WE ALSO ADVOCATE FOR POLICIES THAT ALLOW FOR STUDENT-CENTERED APPROACHES TO TEACHING AND LEARNING SO MORE STUDENTS CAN SUCCEED. 12 10 112 13 0 0 12828148 9953760 1288491 170833 130538 -73361 0 0 14247177 10051232 0 0 0 0 8275654 7476648 100417 0 868086 6771243 6671374 15147314 14148022 -900137 -4096790 17880577 11258680 3701047 1175940 14179530 10082740 X TO CREATE AND INSPIRE BETTER WAYS TO GIVE EVERY STUDENT AN EDUCATIONAL FOUNDATION FOR LIFELONG SUCCESS. WE IMAGINE A WORLD WHERE EVERY STUDENT ATTENDS A SCHOOL THAT MEETS THEM WHERE THEY ARE, ADAPTS TO THE UNIQUE WAYS THEY LEARN, AND DEVELOPS HABITS FOR LIFELONG SUCCESS. 0 0 11623082 0 170833 SOLUTION DEVELOPMENT:NEW CLASSROOMS' FLAGSHIP PERSONALIZED INNOVATIVE LEARNING MODEL, "TEACH TO ONE 360", EMPOWERS TEACHERS TO PERSONALIZE LEARNING FOR EACH AND EVERY STUDENT. THE MODEL INTEGRATES MULTIPLE LEARNING MODALITIES (LIVE, ONLINE, AND COLLABORATIVE) AND A STATE-OF-THE-ART DAILY SCHEDULING ALGORITHM TO CONTINUALLY REGROUP STUDENTS WHO HAVE A COMMON NEED. SCHOOLS ARE ABLE TO ADOPT "TEACH TO ONE 360" AS EITHER A CORE OR SUPPLEMENTAL MATH SOLUTION FOR STUDENTS IN GRADES 5 THROUGH ALGEBRA 1. [SEE CONTINUATION ON SCHEDULE O] WITH SCHOOLS ACROSS THE UNITED STATES CONTINUING TO BE IMPACTED DUE TO THE NOVEL CORONAVIRUS (COVID-19) PANDEMIC, SCHOOLS AND TEACHERS FACED ENORMOUS CHALLENGES IN THEIR EFFORTS TO CONTINUE TO ADAPT LEARNING TO INCLUDE REMOTE AND VIRTUAL LEARNING ENVIRONMENTS FOR THEIR STUDENTS. "TEACH TO ONE 360" SUPPORTED DOZENS OF PARTNER SCHOOLS AND DISTRICTS FOR PART OF THE 2021-2022 SCHOOL YEAR BY MEETING STUDENTS WHERE THEY WERE - BOTH ACADEMICALLY AND PHYSICALLY, IN BOTH THE IN SCHOOL AND REMOTE LEARNING ENVIRONMENTS.LEVERAGING ITS DECADE OF EXPERIENCE IN PERSONALIZED LEARNING, NEW CLASSROOMS ALSO CONTINUED TO OFFER A NEW DIGITAL PRODUCT FOR THE 2021-2022 SCHOOL YEAR. "TEACH TO ONE ROADMAPS" OFFERS SCHOOLS AND FAMILIES A POWERFUL SET OF TOOLS TO SUPPORT MATH INSTRUCTION. "ROADMAPS FREE" PROVIDES SCHOOLS AND FAMILIES WITH AN UNDERSTANDING OF THE PRECISE SKILLS EACH STUDENT MUST LEARN IN ORDER TO ACHIEVE GRADE-LEVEL PROFICIENCY. SCHOOLS CAN EXTEND THE CAPABILITIES OF "FREE WITH ROADMAPS PLUS", A PRODUCT THAT PROVIDES AGGREGATED DIGITAL CONTENT AND SHORT-FORM ASSESSMENTS SO STUDENTS CAN MASTER THESE SKILLS AND TEACHERS CAN TRACK PROGRESS ALONG THE WAY.POLICY & ADVOCACY:WE SUPPORT CREATING SPACE FOR NEW APPROACHES TO TEACHING AND LEARNING AND POLICIES THAT TRULY ENABLE SCHOOLS TO MEET THE UNIQUE STRENGTHS AND NEEDS OF EACH STUDENT. NEW CLASSROOMS' POLICY AGENDA IS PRIMARILY FOCUSED ON FEDERAL AND STATE IDEAS AND RECOMMENDATIONS RELATED TO:1. CREATING INNOVATIVE ASSESSMENTS: MODERNIZING ASSESSMENT SYSTEMS TO MEASURE COMPREHENSIVE LEARNING GROWTH2. PROMOTING INNOVATIVE LEARNING MODELS: REMOVING BARRIERS TO INNOVATION AND EXPANDING THE REACH FOR NEW APPROACHES3. STRENGTHENING ACCOUNTABILITY TO ENABLE INNOVATION: CREATING THE SPACE FOR COMPLEMENTARY ACCOUNTABILITY SYSTEMS 11623082 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 26 0 112 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL GA IL NJ NY X X JODI ANN MASTRONARDI INTERIM CAO 2129206130 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 CHRIS RUSH DIRECTOR/CHIEF PROGRAM OFFICER 41.00 X X 215678 0 22904 JOEL ROSE DIRECTOR/CHIEF EXECUTIVE OFFICER 41.00 X X 347279 0 48729 JEFF WETZLER BOARD CHAIR 1.00 X X 0 0 0 TREY BECK TREASURER 1.00 X X 0 0 0 PALMINA FAVA SECRETARY 1.00 X X 0 0 0 SUSAN ASIYANBI DIRECTOR 1.00 X 0 0 0 EMMA BLOOMBERG DIRECTOR 1.00 X 0 0 0 SHAVAR JEFFRIES DIRECTOR 1.00 X 0 0 0 KELLY MERRYMAN DIRECTOR 1.00 X 0 0 0 ROB STAVIS DIRECTOR 1.00 X 0 0 0 GIDEON STEIN DIRECTOR 1.00 X 0 0 0 MARK ZURACK DIRECTOR 1.00 X 0 0 0 JASON SCHMIDT CHIEF FINANCIAL OFFICER 40.00 X 207434 0 39710 BETH COHEN VP, EXTERNAL RELATIONS 40.00 X 209471 0 36133 CHRISTINE SARGENT VP PEOPLE CULTURE/CHIEF OF STAFF 40.00 X 205459 0 5274 MICHAEL WATSON VP, POLICY AND ADVOCACY 40.00 X 177836 0 16266 KAREN LEFEVER VP, PARTNERSHIPS 40.00 X 174515 0 26665 MATTHEW PETERSEN VP ACADEMIC INNOVATION AND PERFORMANCE 40.00 X 161045 0 36389 1698717 0 232070 26 0 1 0 DEVSPARK LLC 228 PARK AVE SOUTH NEW YORK NY 10003 TECH & ENGINEERING 1953543 BELLWETHER EDUCATION PARTNERS 517 BOSTON POST ROAD 171 SUDBURY NY 01776 RESEARCH, ANALYSIS, AND DEVELOPMENT 158000 ANDELA INC 129 W 29TH STREET NEW YORK NY 10001 TECH & DEVELOPMENT 126689 NEAL ANALYTICS LLC 11911 NE 1ST ST SUITE 206 BELLEVUE NY 98005 TECH & ENGINEERING 101325 4 2594699 7359061 2375249 9953760 PROGRAM FEES-LICENSE 611710 95051 95051 PROGRAM FEES-ROADMAPS 611710 75782 75782 170833 11826 11826 2789685 2874872 -85187 -85187 -85187 10051232 170833 0 -73361 856587 258302 450278 148007 5454124 4298196 668211 487717 73057 56866 9204 6987 499976 397037 58020 44919 592904 431551 102127 59226 325 325 53125 53125 37500 37500 478740 447465 29850 1425 10784 1851 8933 70436 30490 36260 3686 400408 353017 32719 14672 1140873 887031 160667 93175 69792 66233 1516 2043 11092 4382 6530 180 816 816 4034835 4010072 24763 37040 28799 5216 3025 ONSITE PROGRAM EXPENSES 279551 279551 REPAIRS & MAINTENANCE 30244 23515 4259 2470 PROFESSIONAL DEVELOP. 15813 10899 4360 554 14148022 11623082 1656854 868086 1266934 1326435 6179819 1081306 4149490 2870702 64224 0 31183 64128 360518 232640 41995 127878 6146932 5788231 17880577 11258680 1494593 894508 8950 23250 2197504 258182 3701047 1175940 X 10685030 7898970 3494500 2183770 14179530 10082740 17880577 11258680 -4096790 0 X X 0 1 X 1 0 X 14622293 10464752 19531910 12828148 9953760 67400863 14622293 10464752 19531910 12828148 9953760 67400863 37374766 30026097 35381 60066 37764 24740 11826 169777 67570640 11983309 0.44440 0.50270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 81311 81311 13198625 13279936 813997 203499 0 0 813997 813997 1220996 81311 81311 203499 203499 305249 0 189709 95170 94539 2536 2536 0 168273 134934 33339 127878 SOFTWARE DEVELOPMENT COSTS, NET 5759758 OTHER RECEIVABLES 26973 SECURITY DEPOSIT 1500 5788231 DEFERRED RENT 258182 258182 X 10183517 132285 132285 10051232 0 10051232 14280307 132285 132285 14148022 0 14148022 PART X, LINE 2: NEW CLASSROOMS RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT NEW CLASSROOMS HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. NEW CLASSROOMS IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2019. X X X X X 0 0 0 0 0 0 0 0 0 JOEL ROSE DIRECTOR/CHIEF EXECUTIVE OFFICER 347000 0 0 0 279 0 3000 0 45729 0 396008 0 0 0 JASON SCHMIDT CHIEF FINANCIAL OFFICER 204754 0 2500 0 180 0 3000 0 36710 0 247144 0 0 0 BETH COHEN VP, EXTERNAL RELATIONS 196945 0 12250 0 276 0 3000 0 33133 0 245604 0 0 0 CHRIS RUSH DIRECTOR/CHIEF PROGRAM OFFICER 215558 0 0 0 120 0 3000 0 19904 0 238582 0 0 0 CHRISTINE SARGENT VP PEOPLE CULTURE/CHIEF OF STAFF 198339 0 7000 0 120 0 3000 0 2274 0 210733 0 0 0 KAREN LEFEVER VP, PARTNERSHIPS 173845 0 0 0 670 0 1212 0 25453 0 201180 0 0 0 MATTHEW PETERSEN VP ACADEMIC INNOVATION AND PERFORMANCE 160865 0 0 0 180 0 0 0 36389 0 197434 0 0 0 MICHAEL WATSON VP, POLICY AND ADVOCACY 171608 0 6000 0 228 0 3000 0 13266 0 194102 0 0 0 PART I, LINE 7 INDIVIDUALS LISTED ON SCHEDULE J, PART II WITH AN AMOUNT REPORTED IN COLUMN B(II) RECEIVED A BONUS THAT WAS A FIXED PAYMENT BASED ON THEIR TERMS OF HIRE. X 3 2375249 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B THE NEW CLASSROOMS FORM 990 WAS PREPARED BY AN INDEPENDENT TAX PREPARER IN CONJUNCTION WITH NEW CLASSROOMS MANAGEMENT. THE FORM 990 WAS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE OF THE BOARD, AND SUBSEQUENTLY PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NEW CLASSROOMS HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE OF THE BOARD. AT LEAST ONCE ANNUALLY, NEW CLASSROOMS' BOARD MEMBERS ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY, AS WELL AS ANY REVISION THERETO, AND ARE REQUIRED TO SIGN A DOCUMENT CERTIFYING THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY AND THAT THEY AGREE TO COMPLY WITH IT. THE POLICY REQUIRES ALL INDIVIDUALS DISCLOSE TO THE DIRECTORS ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT IS DISCLOSED AT ANY TIME, THE BOARD WILL REVIEW THE MATERIAL FACTS AND CIRCUMSTANCES. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST, THE BOARD WILL DECIDE WHETHER THE TRANSACTION AT ISSUE MAY BE ACCOMPLISHED, 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 AND IS FAIR AND REASONABLE. THE INTERESTED PERSON WILL NOT PARTICIPATE IN ANY VOTE OR DISCUSSION ON THIS MATTER. THE DECISION OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS DOCUMENTED IN THE MINUTES OF THE MEETING OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE TALENT COMMITTEE PERIODICALLY COMMISSIONS AN OUTSIDE PARTY TO CONDUCT A BENCHMARKING STUDY OF CHIEF-LEVEL COMPENSATION TO INFORM ANNUAL COMPENSATION INCREASES FOR THE CEO AND CPO. AS PART OF THE REVIEW, THE COMMITTEE REFERENCES AVAILABLE MARKET DATA FOR COMPARABLE POSITIONS (VIA INDEPENDENTLY VERIFIED SOURCES AS WELL AS REPORTED 990 COMPENSATION OF LIKE SIZE AND FOCUS PEER ORGANIZATIONS), AND TAKES INTO ACCOUNT INTERNAL EQUITY CONSIDERATIONS AS WELL. THE CEO'S AND CPO'S COMPENSATION REVIEW PROCESS IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS AND THE LAST BENCHMARKING STUDY WAS UNDERTAKEN IN AUGUST 2021. THE COMPENSATION OF THE CHIEF FINANCIAL OFFICER IS DETERMINED BY THE CPO AND CEO AND PROVIDED TO THE TALENT COMMITTEE. THE CPO AND CEO USE AVAILABLE MARKET DATA FOR COMPARABLE POSITIONS (VIA INDEPENDENTLY VERIFIED SOURCES AS WELL AS REPORTED 990 COMPENSATION OF LIKE SIZE AND FOCUS PEER ORGANIZATIONS), AND TAKING INTO ACCOUNT INTERNAL EQUITY CONSIDERATIONS TO DETERMINE THE CHIEF FINANCIAL OFFICER'S COMPENSATION. THE COMPENSATION REVIEW PROCESS IS DOCUMENTED IN THE HR PERSONNEL FILES AND WAS LAST UNDERTAKEN IN AUGUST 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 1250 BROADWAY, 30TH FLOOR, NEW YORK, NY 10001 OR BY CALLING THE ORGANIZATION DIRECTLY AT 212-920-6130. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE WHICH IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND THE OVERSIGHT OF THE ORGANIZATION'S FINANCIAL STATEMENTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.