2022-04-18T16:14:20-05:00 2021-06-30 271728945 PKF O'CONNOR DAVIES LLP 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2020-07-01 452736163 NEW CLASSROOMS INNOVATION PARTNERS INC NEWC 2129206130 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 JASON SCHMIDT CHIEF FINANCIAL OFFICER 2129206130 2022-04-18 1 JASON SCHMIDT XXX-XX-XXXX EVA MRUK P00543254 2122862600 2022-04-18 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOEL ROSE 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 19550584 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 14 0 0 19531910 12828148 2133224 1288491 5277 130538 0 0 21670411 14247177 0 0 0 0 8683739 8275654 114583 100417 961117 5991417 6771243 14789739 15147314 6880672 -900137 18450190 17880577 3370523 3701047 15079667 14179530 X NEW CLASSROOMS IS A NON-PROFIT ORGANIZATION ON A MISSION 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 12629872 0 1288491 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 CLOSED DUE TO THE NOVEL CORONAVIRUS (COVID-19) PANDEMIC, TEACHERS AND PARENTS FACED ENORMOUS CHALLENGES IN THEIR EFFORTS TO QUICKLY TRANSITION TO REMOTE AND VIRTUAL LEARNING ENVIRONMENTS FOR THEIR STUDENTS. "TEACH TO ONE 360" SUPPORTED DOZENS OF PARTNER SCHOOLS AND DISTRICTS DURING THE 2020-2021 SCHOOL YEAR BY MEETING STUDENTS WHERE THEY WERE - BOTH ACADEMICALLY AND PHYSICALLY - AND ADAPTED ITS PERSONALIZED LEARNING MODEL TO A REMOTE LEARNING ENVIRONMENT.LEVERAGING ITS DECADE OF EXPERIENCE IN PERSONALIZED LEARNING, NEW CLASSROOMS ALSO LAUNCHED A NEW DIGITAL PRODUCT FOR THE 2020-2021 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 12629872 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 39 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 NC NH NJ NY X X JASON SCHMIDT CFO 2129206130 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 CHRISTOPHER RUSH DIRECTOR/CHIEF PROGRAM OFFICER 41.00 X X 386362 0 22291 JOEL ROSE DIRECTOR/CHIEF EXECUTIVE OFFICER 41.00 X X 391259 0 15826 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 MIGUEL BEZOS DIRECTOR THRU SEPT 2020 1.00 X 0 0 0 EMMA BLOOMBERG DIRECTOR 1.00 X 0 0 0 SHAVAR JEFFRIES DIRECTOR 1.00 X 0 0 0 PAUL MASSEY DIRECTOR THRU DEC 2020 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 203445 0 38675 BETH COHEN VP, EXTERNAL RELATIONS 40.00 X 209636 0 28498 CHRISTINE SARGENT VP, PROGRAM DELIVERY 40.00 X 202219 0 4309 JASON WILLIAMS VP, PARTNERSHIPS THRU MAR 2021 40.00 X 184208 0 10921 MICHAEL WATSON VP, POLICY & ADVOCACY 40.00 X 174635 0 14553 MARIOS TIMOTHEOU DIR PLATFORM DEVELOPMENT THRU DEC 2020 40.00 X 160353 0 27808 1912117 0 162881 31 0 1 0 DEVSPARK LLC 228 PARK AVE SOUTH NEW YORK NY 10003 TECH & ENGINEERING 604428 MODERN CRAFT INC PMB 312 71 W 2ND AVE VANCOUVER BC CA V5Y 0J7 MARKETING CONSULTING 174497 HAEMIMONT AD DIMO SIMEONOVE BIZ IZOT OFFICE 41 SOFIA BU 1784 TECH & DEVELOPMENT 165532 ANDELA INC 576 5TH AVE STE 903 NEW YORK NY 10036 TECH & DEVELOPMENT 147908 KOSZYN & COMPANY LLC 41 EAST 11TH ST 11TH FL NEW YORK NY 10003 CAPITAL CAMPAIGNS 125100 5 2918844 9909304 2513861 12828148 PROGRAM SERVICE FEES 611710 1288491 1288491 1288491 24740 24740 5409205 5303407 105798 105798 105798 14247177 1288491 0 130538 949633 328510 471112 150011 6034043 4966801 564397 502845 113376 90519 12688 10169 475370 392303 42007 41060 703232 536600 101245 65387 1413 1413 54000 54000 100417 100417 79 79 787460 723069 62909 1482 13489 4200 9289 79174 44492 29278 5404 404191 350260 45214 8717 1013289 829039 111950 72300 22093 21299 794 22151 3746 18271 134 4049819 4023368 26451 29050 23768 3209 2073 ONSITE PROGRAM EXPENSES 270873 270873 REPAIRS & MAINTENANCE 14105 11541 1558 1006 PROFESSIONAL DEVELOP. 10057 8071 1874 112 15147314 12629872 1556325 961117 920591 1266934 6885408 6179819 4282714 4149490 202846 64224 62119 31183 566851 524856 18096 41995 6078416 6146932 18450190 17880577 1001917 1494593 20000 8950 2348606 2197504 3370523 3701047 X 10189520 10685030 4890147 3494500 15079667 14179530 18450190 17880577 -900137 0 X X 0 1 X 1 0 X 15056652 14622293 10464752 19531910 12828148 72503755 15056652 14622293 10464752 19531910 12828148 72503755 35930682 36573073 86239 35381 60066 37764 24740 244190 8760 8760 72756705 16708549 0.50270 0.51070 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REBATE/REFUND/OTHER - 2016 AMOUNT: $ 8,760. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 164299 164299 0 402552 360557 41995 41995 SOFTWARE DEVELOPMENT COSTS, NET 6127789 OTHER RECEIVABLES 19143 6146932 DEFERRED RENT 197504 PAYCHECK PROTECTION PROGRAM LOANS 2000000 2197504 X 14525570 278393 278393 14247177 0 14247177 15425707 278393 278393 15147314 0 15147314 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, 2018. X X X X X 1 KOSZYN & COMPANY LLC 41 EAST 11TH STREET 11TH FL NEW YORK NY 10003 FUNDRAISING/DEVELOPMENT SERVICES 0 0 100417 -100417 100417 -100417 CA CO CT DC FL GA IL NC NH NJ NV NY OH OK WA SCHEDULE G, PART I, LINE 2B, COLUMN (V) IN EXCHANGE FOR FUNDRAISING SERVICES AND DELIVERABLES, NEW CLASSROOMS COMPENSATED KOSZYN & COMPANY $100,417 IN FY2021 FOR FEES AND SERVICES UNDER TWO AGREEMENTS, WHICH REQUIRE INSTALLMENT FEE PAYMENTS. THE AGREEMENTS ALSO ALLOW FOR REIMBURSEMENT OF OUT-OF-POCKET EXPENSES, INCLUDING NON-LOCAL TRANSPORTATION (IF NECESSARY FOR NEW CLASSROOMS), MESSENGER SERVICES, AND MAILING COSTS. ALL OUT-OF-POCKET EXPENSES MUST RECEIVE PRIOR WRITTEN APPROVAL FROM NEW CLASSROOMS AND WILL BE BILLED SEPARATELY EACH MONTH WITH A NOT TO EXCEED" CEILING SET BY NEW CLASSROOMS. X X X X X 0 0 0 0 0 0 0 1 0 CHRISTOPHER RUSH DIRECTOR/CHIEF PROGRAM OFFICER 348908 0 37334 0 120 0 3000 0 19291 0 408653 0 0 0 JOEL ROSE DIRECTOR/CHIEF EXECUTIVE OFFICER 353649 0 37334 0 276 0 3000 0 12826 0 407085 0 0 0 JASON SCHMIDT CHIEF FINANCIAL OFFICER 200765 0 2500 0 180 0 3000 0 35675 0 242120 0 0 0 BETH COHEN VP, EXTERNAL RELATIONS 197110 0 12250 0 276 0 3000 0 25498 0 238134 0 0 0 CHRISTINE SARGENT VP, PROGRAM DELIVERY 195099 0 7000 0 120 0 3000 0 1309 0 206528 0 0 0 JASON WILLIAMS VP, PARTNERSHIPS THRU MAR 2021 179088 0 5000 0 120 0 0 0 10921 0 195129 0 0 0 MICHAEL WATSON VP, POLICY & ADVOCACY 168455 0 6000 0 180 0 3000 0 11553 0 189188 0 0 0 MARIOS TIMOTHEOU DIR PLATFORM DEVELOPMENT THRU DEC 2020 155237 0 5000 0 116 0 1621 0 26187 0 188161 0 0 0 PART I, LINE 7 THE CHIEF EXECUTIVE OFFICER AND CHIEF PROGRAM OFFICER ARE ELIGIBLE TO EARN AN ANNUAL BONUS OF UP TO 15% OF THEIR PREVIOUS YEAR'S BASE SALARY BASED UPON THE ACHIEVEMENT OF PERFORMANCE OBJECTIVES PROPOSED BY THE CO-FOUNDERS (AT THE REQUEST OF THE BOARD) AND APPROVED BY THE BOARD. THE BOARD HAS THE SOLE DISCRETION TO APPROVE THE PERFORMANCE OBJECTIVES PROPOSED AND TO DETERMINE WHETHER BOTH OBJECTIVE AND SUBJECTIVE PERFORMANCE MEASURES HAVE BEEN ACCOMPLISHED. OTHER PERSONS 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 2 2513861 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. A COPY OF THE 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 BOARD MEMBERS. 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 POSTED 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.