NEW PROFIT INC: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- NEW PROFIT INC (EIN 04-3396766)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2022-03-10
- IRS object ID
- 202220699349301042
- Schema version
- 2019v5.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-03-10T14:58:38-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | AAFCPAS INC | 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 | 2019-01-01 | 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 | 225 FRANKLIN STREET NO 350 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | 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 | 2022-03-07 | 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 | 2022-03-07 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Principal Officer | DOUG BORCHARD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 FRANKLIN STREET NO 350 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $46,877,712 | 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 | NEW PROFIT IS A VENTURE PHILANTHROPY ORGANIZATION THAT BACKS SOCIAL ENTREPRENEURS WHO ARE ADVANCING EQUITY AND OPPORTUNITY IN AMERICA. IN PARTNERSHIP WITH A NATIONAL NETWORK OF PHILANTHROPISTS, NEW PROFIT PROVIDES UNRESTRICTED GRANTS AND STRATEGIC SUPPORT TO A PORTFOLIO OF ORGANIZATIONS LED BY VISIONARY SOCIAL ENTREPRENEURS TO INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. WE ALSO PARTNER WITH SOCIAL ENTREPRENEURS AND OTHER CROSS-SECTOR LEADERS TO SHIFT HOW GOVERNMENT AND PHILANTHROPY PURSUE SOCIAL CHANGE TO ENSURE THAT ALL PEOPLE CAN THRIVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 74 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $27,482,118 | PYContributionsGrantsAmt |
| CY Contributions Grants | $46,371,399 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $529,725 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $106,037 | CYProgramServiceRevenueAmt |
| PY Investment Income | $272,169 | PYInvestmentIncomeAmt |
| CY Investment Income | $395,267 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,751 | PYOtherRevenueAmt |
| CY Other Revenue | $5,009 | CYOtherRevenueAmt |
| PY Total Revenue | $28,289,763 | PYTotalRevenueAmt |
| CY Total Revenue | $46,877,712 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $7,896,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $7,275,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,696,642 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,423,820 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $95,000 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,638,566 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,352,708 | PYOtherExpensesAmt |
| CY Other Expenses | $5,834,662 | CYOtherExpensesAmt |
| PY Total Expenses | $22,945,350 | PYTotalExpensesAmt |
| CY Total Expenses | $22,628,482 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,344,413 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $24,249,230 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $50,713,445 | TotalAssetsBOYAmt |
| Total Assets EOY | $74,161,462 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $799,420 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $933,780 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $49,914,025 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $73,227,682 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $5,368,259 | ExpenseAmt |
| Grant | $3,250,000 | GrantAmt |
| Revenue | $111,046 | RevenueAmt |
| Desc | SEE SCHEDULE O. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $7,407,354 | ExpenseAmt |
| Grant | $2,950,000 | GrantAmt |
| Desc | SEE SCHEDULE O. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,414,440 | ExpenseAmt |
| Grant | $1,075,000 | GrantAmt |
| Desc | SEE SCHEDULE O. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $17,190,053 | 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 |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| 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 | Yes (1) | 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 With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | 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 | 42 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 74 | 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | 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 | 225 FRANKLIN STREET SUITE 350 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Key EmployeeKeyEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| VANESSA KIRSCH | ||||||||
| FOUNDER AND CEO | 45.00 | Yes (X) | $347,649 | $0 | $26,904 | |||
| DEBORAH SMOLOVER | ||||||||
| EXECUTIVE DIRECTOR OF AMER | 45.00 | $327,437 | $0 | $26,002 | Yes (X) | |||
| ELIZA GREENBERG | ||||||||
| MANAGING PARTNER | 45.00 | $278,862 | $0 | $19,402 | Yes (X) | |||
| JACOB SCHRAMM | ||||||||
| MANAGING PARTNER, LEARN TO | 45.00 | $265,842 | $0 | $8,287 | Yes (X) | |||
| DOUG BORCHARD | ||||||||
| MANAGING PARTNER, COO | 45.00 | Yes (X) | $260,640 | $0 | $7,687 | |||
| SARA CONAHAN | ||||||||
| MANAGING PARTNER, SR. PHIL | 45.00 | $253,018 | $0 | $14,222 | Yes (X) | |||
| KIMBERLY SYMAN | ||||||||
| MANAGING PARTNER | 45.00 | $238,327 | $0 | $27,418 | Yes (X) | |||
| DERREK SHULMAN | ||||||||
| MANAGING PARTNER, SR. PHIL | 45.00 | $235,373 | $0 | $24,752 | Yes (X) | |||
| IAN MAGEE | ||||||||
| MANAGING PARTNER, CFO | 45.00 | Yes (X) | $243,784 | $0 | $14,522 | |||
| JEFFREY WALKER | ||||||||
| CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| BILL MCCLEMENTS | ||||||||
| CLERK | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| STEVE BARNES | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| JOSH BEKENSTEIN | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| SAM COBBS | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| DAVID GERGEN | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| PAUL GROGAN | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| STEVE JENNINGS | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| JAMES PALLOTTA | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| VALERIE MOSLEY | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| WENDY KOPP | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| MATTHEW LEVIN | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| HENRY MCCANCE | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| DUNCAN MCFARLAND | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| KRISTIN MUGFORD | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| MARK NUNNELLY | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| JOHN RICE | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| BRIAN SPECTOR | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| VENKAT SRINIVASAN | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| MICHAEL CANNING | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,450,932 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $169,196 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 30 | 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 |
|---|---|---|---|---|---|
| VOLITION LLC | |||||
| 3 SOUTH BROOK ROAD | LINCOLN | MA | 01771 | PORTFOLIO AND STRATEGY CONSULTING | $360,000 |
| EVALUATION STRATEGY LLC | |||||
| 5019 RENO RD NW | WASHINGTON | DC | 20008 | EVALUATION | $272,000 |
| JOHN KANIA | |||||
| 91 TOWER ROAD | LINCOLN | MA | 01773 | PORTFOLIO AND FUNDRAISING STRATEGY | $264,649 |
| HELAYNE B JONES | |||||
| 840 6TH STREET | BOULDER | CO | 80302 | STRATEGY ADVISOR AND DEAL SUPPORT | $216,000 |
| WILLIAM JACKSON | |||||
| 3749 22ND STREET | SAN FRANCISCO | CA | 94117 | PORTFOLIO AND FUNDRAISING STRATEGY | $203,700 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $46,371,399 | AllOtherContributionsAmt |
| Noncash Contributions | $451,191 | NoncashContributionsAmt |
| Total Contributions | $46,371,399 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NETWORKING EVENT FEES | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $106,037 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $106,037 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $106,037 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $395,267 | TotalRevenueColumnAmt |
| Exclusion | $395,267 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $5,009 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,009 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,009 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $46,877,712 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $111,046 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $395,267 | 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 | $7,275,000 | TotalAmt |
| Program Services | $7,275,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,212,510 | TotalAmt |
| Program Services | $312,370 | ProgramServicesAmt |
| Management And General | $686,869 | ManagementAndGeneralAmt |
| Fundraising | $213,271 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,886,481 | TotalAmt |
| Program Services | $4,546,613 | ProgramServicesAmt |
| Management And General | $1,067,684 | ManagementAndGeneralAmt |
| Fundraising | $1,272,184 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $164,602 | TotalAmt |
| Program Services | $104,882 | ProgramServicesAmt |
| Management And General | $29,485 | ManagementAndGeneralAmt |
| Fundraising | $30,235 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $634,726 | TotalAmt |
| Program Services | $403,093 | ProgramServicesAmt |
| Management And General | $116,350 | ManagementAndGeneralAmt |
| Fundraising | $115,283 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $525,501 | TotalAmt |
| Program Services | $316,952 | ProgramServicesAmt |
| Management And General | $112,230 | ManagementAndGeneralAmt |
| Fundraising | $96,319 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,257 | TotalAmt |
| Management And General | $50,257 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,667 | TotalAmt |
| Program Services | $23,667 | ProgramServicesAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,000 | TotalAmt |
| Fundraising | $95,000 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,915,778 | TotalAmt |
| Program Services | $3,122,650 | ProgramServicesAmt |
| Management And General | $362,741 | ManagementAndGeneralAmt |
| Fundraising | $430,387 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,511 | TotalAmt |
| Program Services | $30,904 | ProgramServicesAmt |
| Management And General | $45,054 | ManagementAndGeneralAmt |
| Fundraising | $14,553 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $845,285 | TotalAmt |
| Program Services | $552,683 | ProgramServicesAmt |
| Management And General | $42,106 | ManagementAndGeneralAmt |
| Fundraising | $250,496 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $458,737 | TotalAmt |
| Program Services | $275,124 | ProgramServicesAmt |
| Management And General | $107,007 | ManagementAndGeneralAmt |
| Fundraising | $76,606 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $217,385 | TotalAmt |
| Program Services | $185,886 | ProgramServicesAmt |
| Management And General | $13,673 | ManagementAndGeneralAmt |
| Fundraising | $17,826 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,422 | TotalAmt |
| Management And General | $15,422 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MISCELLANEOUS | $112,145 | $10,177 | $88,820 | $13,148 |
| RECRUITING AND TALENT | $105,475 | $30,052 | $62,165 | $13,258 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,628,482 | TotalAmt |
| Program Services | $17,190,053 | ProgramServicesAmt |
| Management And General | $2,799,863 | ManagementAndGeneralAmt |
| Fundraising | $2,638,566 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,279,966 | BOYAmt |
| EOY | $2,364,745 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,172,464 | BOYAmt |
| EOY | $23,312,753 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,140,544 | BOYAmt |
| EOY | $48,108,864 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,365 | BOYAmt |
| EOY | $344,369 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $62,105 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $31,374 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,106 | BOYAmt |
| EOY | $30,731 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,713,445 | BOYAmt |
| EOY | $74,161,462 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $799,420 | BOYAmt |
| EOY | $933,780 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $799,420 | BOYAmt |
| EOY | $933,780 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,215,166 | BOYAmt |
| EOY | $4,782,357 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,698,859 | BOYAmt |
| EOY | $68,445,325 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,914,025 | BOYAmt |
| EOY | $73,227,682 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,713,445 | BOYAmt |
| EOY | $74,161,462 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $24,249,230 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$935,573 | 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 | $37,221,348 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $38,960,652 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,115,471 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $27,482,118 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $46,371,399 | CurrentTaxYearAmt |
| Total | $166,150,988 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $37,221,348 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $38,960,652 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,115,471 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $27,482,118 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $46,371,399 | CurrentTaxYearAmt |
| Total | $166,150,988 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $54,444,777 | SubstantialContributorsTotAmt |
| Public Support Total170 | $111,706,211 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,653 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,046 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $80,345 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $272,169 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $395,367 | CurrentTaxYearAmt |
| Total | $773,580 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $74,488 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $282,730 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,782 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,751 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,009 | CurrentTaxYearAmt |
| Total | $369,760 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $167,294,328 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $1,223,847 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.66770 | PublicSupportCY170Pct |
| Public Support PY170 | 0.75820 | 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 | $59,164 | CurrentYearMinus3Amt |
| Current Year Minus2 | $21,979 | CurrentYearMinus2Amt |
| Current Year Minus1 | $28,654 | CurrentYearMinus1Amt |
| Current Year | $23,667 | CurrentYearAmt |
| Total | $133,464 | 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 | $62,105 | OtherCostOrOtherBasisAmt |
| Depreciation | $31,374 | DepreciationAmt |
| Book Value | $30,731 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $30,731 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $48,008,743 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $2,066,604 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$935,573 | OtherRevenueAmt |
| Revenue Not Reported | $1,131,031 | RevenueNotReportedAmt |
| Revenue Subtotal | $46,877,712 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $46,877,712 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $24,695,086 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $2,066,604 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $2,066,604 | ExpensesNotReportedAmt |
| Expenses Subtotal | $22,628,482 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $22,628,482 | 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, 2019 AND 2018. THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND VARIOUS STATE JURISDICTIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CANCELLED COMMITMENTS RECEIVABLE -506,000. PROVISION FOR UNCOLLECTIBLE COMMITMENTS -429,573. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| ORR ASSOCIATES INC | ||||||||
| 3000 K STREET NW SUITE E280 | WASHINGTON | DC | 20007 | CONSULTING ON LAUNCHING A FUNDRAISING CAMPAIGN | 0 | $0 | $81,000 | -$81,000 |
| KISHSHANA & CO | ||||||||
| 5 PENN PLAZA 23RD FLOOR | NEW YORK | NY | 10001 | SUPPORTING LTE TEAM WITH FUNDRAISING | 0 | $0 | $14,000 | -$14,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $95,000 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$95,000 | TotalNetToOrganizationAmt |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (34 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| ACELERO | ||||||||
| 63 WEST 125TH STREET 6TH FLOOR | HARLEM | NY | 10027 | 300077025 | N/A | $250,000 | PROGRAM EXPANSION | |
| ACHIEVEMENT NETWORK | ||||||||
| ONE BEACON ST SUITE 02200 | BOSTON | MA | 02108 | 203289870 | 501(C)3 | $500,000 | PROGRAM EXPANSION | |
| ALIENTO (PHX CENTER FOR THE ARTS -FISCAL AGENT) | ||||||||
| 1202 N 3RD ST | PHOENIX | AZ | 85004 | 860712649 | 501(C)3 | $50,000 | PROGRAM EXPANSION | |
| ALLIANCE FOR YOUTH ORGANIZING | ||||||||
| 915 5TH ST NW | WASHINGTON | DC | 20001 | 462465621 | 501(C)3 | $50,000 | PROGRAM EXPANSION | |
| BRAVEN | ||||||||
| 171 NORTH ABERDEEN ST SUITE 400 | CHICAGO | IL | 60607 | 464340594 | 501(C)3 | $250,000 | PROGRAM EXPANSION | |
| CHIEFS FOR CHANGE | ||||||||
| 1455 PENNSYLVANIA AVE NW STE | WASHINGTON | DC | 20004 | 472373903 | 501(C)3 | $15,000 | PROGRAM EXPANSION | 400-311 |
| EDLOC (EDUCATION LEADERS OF COLOR) | ||||||||
| 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 | |
| GIRLTREK | ||||||||
| 3933 PARK AVE | FAIRFEILD | CT | 06825 | 061811886 | 501(C)3 | $400,000 | PROGRAM EXPANSION | |
| GREAT SCHOOLS | ||||||||
| 1999 HARRISON STREET SUITE 1100 | OAKLAND | CA | 94612 | 943311628 | 501(C)3 | $60,000 | PROGRAM EXPANSION | |
| HIGHLANDER INSTITUTE | ||||||||
| 166 VALLEY ST BLDG 31 SUITE 101 | PROVIDENCE | RI | 02909 | 223115046 | 501(C)3 | $250,000 | PROGRAM EXPANSION | |
| IMBLAZE (BIG PICTURE LEARNING) | ||||||||
| 325 PUBLIC ST | PROVIDENCE | RI | 02905 | 050485883 | 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 | |
| INSTRUCTION PARTNERS | ||||||||
| 604 GALLATIN AVE STE 202 | NASHVILLE | TN | 37206 | 475380182 | 501(C)3 | $250,000 | PROGRAM EXPANSION | |
| LEADING EDUCATORS | ||||||||
| 1824 ORETHA CASTLE HALEY BLVD | NEW ORLEANS | LA | 70113 | 451447048 | 501(C)3 | $250,000 | PROGRAM EXPANSION | |
| LEAP INNOVATIONS | ||||||||
| C/O 1871 222 W MERCHANDISE MART | CHICAGO | IL | 60654 | 464784152 | 501(C)3 | $650,000 | PROGRAM EXPANSION | PLAZA SUITE 1212 |
| MATCH FOUNDATION (MATCH EDUCATION) | ||||||||
| 215 FOREST HILLS STREET | JAMAICA PLAIN | MA | 02130 | 043476160 | 501(C)3 | $200,000 | PROGRAM EXPANSION | |
| MILLENNIAL ACTION PROJECT | ||||||||
| 1875 CONNECTICUT AVE NW 10TH FL | WASHINGTON | DC | 20009 | 472802851 | 501(C)3 | $50,000 | PROGRAM EXPANSION | |
| NEW POLITICS LEADERSHIP ACADEMY | ||||||||
| 9 EAST ST 2 | BOSTON | MA | 02114 | 462202997 | 501(C)3 | $50,000 | PROGRAM EXPANSION | |
| OUR VOICE NUESTRA VOZ | ||||||||
| 200 TREME ST 201 | NEW ORLEANS | LA | 70112 | 474564599 | 501(C)3 | $50,000 | PROGRAM EXPANSION | |
| PS 305 (50CAN FISCAL AGENT) | ||||||||
| 1625 K ST NW | WASHINGTON | DC | 20006 | 273069592 | 501(C)3 | $50,000 | PROGRAM EXPANSION | |
| PILLARS FUND | ||||||||
| 171 NABERDEEN ST SUITE 400 | CHICAGO | IL | 60607 | 810983087 | 501(C)3 | $50,000 | PROGRAM EXPANSION | |
| POWER (PHILADELPHIANS ORGANIZED TO WITNESS EMPOWER & REBUILD) | ||||||||
| 1429 N 11TH STREET | PHILEDELPHIA | PA | 19122 | 274327457 | 501(C)3 | $50,000 | PROGRAM EXPANSION | |
| POWERMYLEARNING | ||||||||
| 520 8TH AVE 10TH FLOOR | NEW YORK | NY | 10018 | 133935309 | 501(C)3 | $250,000 | PROGRAM EXPANSION | |
| PUSHBLACK | ||||||||
| 625 MONORE STREET NE APT 109 | WASHINGTON | DC | 20017 | 813834388 | 501(C)3 | $50,000 | PROGRAM EXPANSION | |
| SPRINGBOARD COLLABORATIVE | ||||||||
| 2 PENN CENTER STE 1315 1500 JFK | PHILADELPHIA | PA | 19102 | 453719806 | 501(C)3 | $250,000 | PROGRAM EXPANSION | BLVD |
| STATION1 (THIRD SECTOR NEW ENGLAND-FISCAL AGENT) | ||||||||
| 89 SOUTH ST SUITE 700 | BOSTON | MA | 02111 | 042261109 | 501(C)3 | $50,000 | PROGRAM EXPANSION | |
| THE HEALTH INITIATIVE (PREVIOUS FISCAL SPONSOR GDI) | ||||||||
| 200 CLARENDON ST 44TH FLOOR | BOSTON | MA | 02116 | 831490111 | 501(C)3 | $400,000 | PROGRAM EXPANSION | |
| THE LEARNING ACCELERATOR | ||||||||
| 10605 FARALLONE DR | CUPERTINO | CA | 95014 | 461059054 | 501(C)3 | $250,000 | PROGRAM EXPANSION | |
| THE PEOPLE (ONEPEOPLE) | ||||||||
| 9 MERRIT LN | ROCKY HILL | NJ | 08553 | 825022984 | 501(C)3 | $50,000 | PROGRAM EXPANSION | |
| TRANSCEND | ||||||||
| 159 LINCOLN AVE | HASTINGSONHUDSON | NY | 10706 | 300878820 | 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 | |
| ZEARN | ||||||||
| 261 W 35TH ST 15 FL | NEW YORK | NY | 10001 | 371665745 | 501(C)3 | $250,000 | PROGRAM EXPANSION | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 33 | Total501c3OrgCnt |
| Total Other Org | 1 | 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 OR COHORT OF ORGANIZATIONS 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. APORTFOLIO MANAGER ALSO HOLDS A SEAT ON THE ORGANIZATION'S BOARD OF DIRECTORS THROUGHOUT THE TERM OF NEW PROFIT'S BUILD INVESTMENT IN THE ORGANIZATION." | 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 | $347,649 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $20,904 | $0 | $374,553 | $0 | $0 | $0 |
| DEBORAH SMOLOVER | ||||||||||||||
| EXECUTIVE DIRECTOR OF AMER | $327,437 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $20,002 | $0 | $353,439 | $0 | $0 | $0 |
| ELIZA GREENBERG | ||||||||||||||
| MANAGING PARTNER | $278,862 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19,402 | $0 | $298,264 | $0 | $0 | $0 |
| JACOB SCHRAMM | ||||||||||||||
| MANAGING PARTNER, LEARN TO | $265,842 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $2,287 | $0 | $274,129 | $0 | $0 | $0 |
| DOUG BORCHARD | ||||||||||||||
| MANAGING PARTNER, COO | $260,640 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $1,687 | $0 | $268,327 | $0 | $0 | $0 |
| SARA CONAHAN | ||||||||||||||
| MANAGING PARTNER, SR. PHIL | $235,956 | $0 | $17,062 | $0 | $0 | $0 | $4,750 | $0 | $9,472 | $0 | $267,240 | $0 | $0 | $0 |
| KIMBERLY SYMAN | ||||||||||||||
| MANAGING PARTNER | $238,327 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $21,418 | $0 | $265,745 | $0 | $0 | $0 |
| DERREK SHULMAN | ||||||||||||||
| MANAGING PARTNER, SR. PHIL | $213,873 | $0 | $21,500 | $0 | $0 | $0 | $6,000 | $0 | $18,752 | $0 | $260,125 | $0 | $0 | $0 |
| IAN MAGEE | ||||||||||||||
| MANAGING PARTNER, CFO | $233,784 | $0 | $10,000 | $0 | $0 | $0 | $5,050 | $0 | $9,472 | $0 | $258,306 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 3 | ContributionCnt |
| Noncash Contributions Rpt F990 | $451,191 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 1, MISSION STATEMENT: | NEW PROFIT IS A VENTURE PHILANTHROPY ORGANIZATION THAT BACKS SOCIAL ENTREPRENEURS WHO ARE ADVANCING EQUITY AND OPPORTUNITY IN AMERICA. IN PARTNERSHIP WITH A NATIONAL NETWORK OF PHILANTHROPISTS, NEW PROFIT PROVIDES UNRESTRICTED GRANTS AND STRATEGIC SUPPORT TO A PORTFOLIO OF ORGANIZATIONS LED BY VISIONARY SOCIAL ENTREPRENEURS TO INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. WE ALSO PARTNER WITH SOCIAL ENTREPRENEURS AND OTHER CROSS-SECTOR LEADERS TO SHIFT HOW GOVERNMENT AND PHILANTHROPY PURSUE SOCIAL CHANGE TO ENSURE THAT ALL PEOPLE CAN THRIVE. |
| FORM 990, PART 111, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: | PORTFOLIO INVESTING - EDUCATION WE INVEST IN INNOVATIVE ORGANIZATIONS WORKING TO ADDRESS THE LEARNING ASSETS AND NEEDS OF ALL STUDENTS, WITH A GOAL OF FOSTERING GREATER COLLABORATION ACROSS THE FULL EDUCATION CONTINUUM FROM EARLY CHILDHOOD TO K-12 TO POST-SECONDARY. WE INVEST IN ORGANIZATIONS CREATING AND SPREADING HIGH-QUALITY LEARNING EXPERIENCES (BOTH IN SCHOOL AND OUT OF SCHOOL) THAT PROMOTE COMPREHENSIVE STUDENT DEVELOPMENT, INDIVIDUALIZED LEARNING PATHWAYS, AND LEARNER AGENCY. WE ALSO INVEST IN EFFORTS TO INFORM AND ORGANIZE PARENTS, YOUNG PEOPLE, TEACHERS, AND COMMUNITIES-INDIVIDUALLY AND COLLECTIVELY-SO THAT THEY CAN EXERCISE THEIR INNATE POWER TO CREATE AND SUSTAIN THESE LEARNING ENVIRONMENTS. WITHIN EDUCATION, THERE ARE SEVERAL INITIATIVES THAT WERE ACTIVE IN 2019, SOME OF WHICH SUNSET OVER THE COURSE OF THE YEAR. THESE INITIATIVES PROVIDED A MIX OF BUILD AND CATALYZE INVESTMENTS TO PORTFOLIO ORGANIZATIONS. THESE INITIATIVES INCLUDED: EARLY LEARNING (2014-2019) WORKED 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. PERSONALIZED LEARNING (2017-2021) WAS LAUNCHED IN 2017 WITH SUPPORT THROUGH A COLLABORATION BETWEEN NEW PROFIT, THE CHAN ZUCKERBERG INITIATIVE, AND THE BILL & MELINDA GATES FOUNDATION. THIS INITIATIVE IS AN EFFORT TO INVEST IN PROMISING NEW APPROACHES AND TECHNOLOGIES THAT CAN GIVE STUDENTS MORE AGENCY IN THEIR OWN LEARNING JOURNEY AND PROVIDE TEACHERS WITH TOOLS TO TAILOR CLASSROOM INSTRUCTION TO THE UNIQUE NEEDS OF EACH STUDENT. AS A PART OF THIS FOUR-YEAR INITIATIVE, SEVEN ORGANIZATIONS ARE RECEIVING A $1M UNRESTRICTED GRANT AND STRATEGIC ADVISORY SUPPORT FROM NEW PROFIT, AND EACH OF THE ORGANIZATION'S CEOS ARE PARTICIPATING IN A PEER LEARNING COMMUNITY TO SHARE INSIGHTS ACROSS DIFFERENT MODELS AND TO PARTNER TO ACCELERATE THE OVERALL DEVELOPMENT OF THE FIELD. REIMAGINE LEARNING (2013-2019) DEPLOYED $38M TO BUILD A COALITION OF OVER 700 EDUCATION LEADERS COMMITTED TO ENSURING THAT ALL STUDENTS, INCLUDING THOSE WITH MORE COMPLEX AND NEEDS AND CHALLENGES, ARE SUPPORTED BY LEARNING ENVIRONMENTS THAT MEET THEIR DIVERSE NEEDS AND NURTURE THEIR DIVERSE STRENGTHS. REIMAGINE LEARNING FUNDED AND ADVISED 25 ORGANIZATIONS LED BY VISIONARY SOCIAL ENTREPRENEURS THAT COLLECTIVELY SERVE OVER 7 MILLION STUDENTS TO HELP THEM SCALE THEIR INNOVATIONS AND ENHANCE THEIR ORGANIZATIONAL CAPACITY AND SUSTAINABILITY, WITH AN EYE TOWARD HELPING THEM BETTER ADDRESS THE NEEDS OF UNDERSERVED STUDENTS. REIMAGINE SCHOOL SYSTEMS (2014-2019) SOUGHT TO RAPIDLY INCREASE THE NUMBER OF HIGH PERFORMING SCHOOLS SERVING LOW INCOME STUDENTS BY FUNDING, ADVISING, AND BUILDING POWERFUL INDIVIDUAL ORGANIZATIONS AND PRACTITIONER NETWORKS ON BOTH THE DEMAND AND SUPPLY SIDE OF SYSTEMS CHANGE. RSS WORKED TO CHANGE THIS SITUATION AND CREATE NEW OPPORTUNITY IN LOW-INCOME COMMUNITIES BY INVESTING IN STRATEGIES TO: (1) CONVERT LATENT DEMAND INTO ACTIONABLE DEMAND FOR MORE HIGH-QUALITY SCHOOLS AND (2) GROW THE SUPPLY OF HIGH-QUALITY SCHOOLS TO MEET THIS ACTIONABLE DEMAND. |
| FORM 990, PART 111, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: | PORTFOLIO INVESTING - NON-EDUCATION THROUGH OUR PORTFOLIO INVESTING EFFORTS, NEW PROFIT SELECTS AND FUNDS A PORTFOLIO OF ORGANIZATIONS LED BY VISIONARY SOCIAL ENTREPRENEURS. WE PROVIDE TWO LEVELS OF FUNDING AND SUPPORT: BUILD INVESTMENTS AND CATALYZE INVESTMENTS. THROUGH BUILD INVESTMENTS (FORMERLY KNOWN AS INNOVATION FUND INVESTMENTS), WE PROVIDE $1M+ UNRESTRICTED, MULTI-YEAR GRANTS AND DEEP ADVISORY SUPPORT TO BUILD THE CAPACITY OF ORGANIZATIONS WORKING TO INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. NEW PROFIT ASSIGNS A DEDICATED DEAL PARTNER TO EACH ORGANIZATION WHO SERVES AS A TRUSTED ADVISOR TO THE SOCIAL ENTREPRENEUR AND AS A MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS. OUR SUPPORT IS GEARED TOWARDS BUILDING THE LEADERSHIP CAPABILITY OF SOCIAL ENTREPRENEURS AND THEIR ABILITY TO MAKE STRATEGIC CHOICES AS THEY NAVIGATE CHANGE AND GROWTH. THROUGH CATALYZE INVESTMENTS (FORMERLY KNOWN AS ACCELERATOR INVESTMENTS), WE PROVIDE $50-$100K UNRESTRICTED GRANTS, STRATEGIC ADVICE, AND A PEER LEARNING COMMUNITY OVER ONE TO TWO YEARS TO CATALYZE THE INNOVATIONS OF ORGANIZATIONS LED BY LEADERS FROM UNDERREPRESENTED COMMUNITIES THROUGH THE FOLLOWING INITIATIVES: CIVIC LAB (SUPPORTING DEMOCRACY ENTREPRENEURS), PROXIMITY (SUPPORTING ENTREPRENEURS OF COLOR), AND UNLOCKED FUTURES (SUPPORTING ENTREPRENEURS IMPACTED BY THE CRIMINAL JUSTICE SYSTEM). THROUGH A MULTI-RACIAL, MULTI-ETHNIC NETWORK OF PHILANTHROPISTS, PRACTITIONERS, INSTITUTIONAL FUNDERS, AND SOCIAL IMPACT STAKEHOLDERS, INCLUSIVE IMPACT IS DESIGNED TO CATALYZE RESOURCES TO ENSURE THE SUCCESS OF ORGANIZATIONS LED BY BLACK, INDIGENOUS AND LATINO/A/X SOCIAL IMPACT LEADERS. INCLUSIVE IMPACT IS DRIVING FOUR KEY LEVERS OF CHANGE IN THE SOCIAL SECTOR: 1) SIGNIFICANTLY INCREASE THE FLOW OF UNRESTRICTED, MULTI-YEAR PHILANTHROPIC CAPITAL AND CAPACITY BUILDING SUPPORT FOR NONPROFITS LED BY BLACK, INDIGENOUS, AND LATINO/A/X LEADERS; 2) BUILD LEADERSHIP IN THE PHILANTHROPIC SECTOR THAT IS MORE REPRESENTATIVE OF, AND PROXIMATE TO, THE BENEFICIARY POPULATIONS THE SECTOR SERVES, AND SUFFICIENTLY DIVERSE TO ENSURE A WIDE RANGE OF IDEAS AND SOLUTIONS ARE SURFACED; 3) COMMIT TO BUILDING DIVERSITY, EQUITY, AND INCLUSION CAPACITY IN THE SOCIAL SECTOR AND CREATING ORGANIZATIONAL ENVIRONMENTS THAT ARE INCLUSIVE AND SUPPORTIVE OF BLACK, INDIGENOUS, AND LATINO/A/X LEADERS, ENABLING THEM TO THRIVE; AND 4) LAUNCH COMPREHENSIVE AND CONSISTENT EFFORTS AROUND DEMOGRAPHIC DATA COLLECTION AND ANALYSIS THROUGHOUT THE SOCIAL SECTOR IN ORDER TO UNDERSTAND THE CURRENT STATE OF DIVERSITY IN THE SECTOR AND IDENTIFY EFFECTIVE INTERVENTIONS AIMED AT IMPROVING DIVERSITY, EQUITY, AND INCLUSION CAPACITY. |
| FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: | PORTFOLIO INVESTING - SYSTEM ENTREPRENEURS EARLY CHILDHOOD SUPPORT ORGANIZATIONS (ECSO) INITIATIVE IS A $20M PUBLIC-PRIVATE PARTNERSHIP BETWEEN NEW PROFIT AND THE MASSACHUSETTS DEPARTMENT OF EARLY EDUCATION AND CARE (EEC). THE INITIATIVE WILL PROVIDE LEADER AND EDUCATOR DEVELOPMENT AND CURRICULUM SERVICES TO SUPPORT BETTER OUTCOMES FOR UNDERSERVED CHILDREN WHO ARE ENROLLED IN HEAD START AND SUBSIDIZED CARE PROGRAMS IN MASSACHUSETTS. THE INITIATIVE BACKS ECSOS, WHICH WILL SERVE AS INTERMEDIARY ORGANIZATIONS THAT PARTNER WITH LOCAL CENTER AND FAMILY-BASED EARLY CHILDHOOD PROVIDERS TO HELP THEM IMPLEMENT EVIDENCE-BASED STRATEGIES TO ACHIEVE HIGHER-QUALITY PROGRAM DELIVERY AND LONG-TERM IMPACT. THE UNITED STATES FACES AN ECONOMIC MOBILITY CRISIS, ESPECIALLY FOR PEOPLE WHO MUST OVERCOME INCOME AND RACE-BASED BARRIERS TO OPPORTUNITY. AIMING TO HELP GENERATE 10 MILLION MORE CAREER-READY AMERICANS BY 2025, LEARN TO EARN CATALYZES A NETWORK OF SOCIAL ENTREPRENEURS, SYSTEMS LEADERS, FUNDERS, AND LEARNERS TO CREATE HOLISTIC SOLUTIONS THAT HELP LEARNERS FROM LOW-INCOME AND UNDERREPRESENTED BACKGROUNDS ACCESS UPWARDLY MOBILE CAREERS. THE SYSTEMIC SOLUTIONS INITIATIVE BACKS INNOVATIVE, NIMBLE LEADERS WHO SEE A PATHWAY TO DISRUPTING AND RESHAPING SYSTEMS AND FOSTERING NEW CAPACITY IN THEM TO ACHIEVE EQUITABLE AND SUSTAINABLE OUTCOMES. SSI PROVIDES UNRESTRICTED FUNDING AND STRATEGIC SUPPORT (IN THE FORM OF BUILD INVESTMENTS) TO THESE "SYSTEM ENTREPRENEURS" WHO ARE BRINGING MULTI-DIMENSIONAL APPROACHES THAT AIM TO DIRECTLY AND HOLISTICALLY ADDRESS THE ROOT CAUSES OF SOCIAL PROBLEMS. |
| 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 3,122,650. MANAGEMENT AND GENERAL EXPENSES 362,741. FUNDRAISING EXPENSES 430,387. TOTAL EXPENSES 3,915,778. |
| FORM 990, PART XI, LINE 9: | CANCELLED COMMITMENTS RECEIVABLE -506,000. PROVISION FOR UNCOLLECTIBLE COMMITMENTS -429,573. |
| PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 990, REASON FOR AMENDMENT: | FORM 990 IS BEING AMENDED TO CORRECT SALARIES THAT WERE ERRONEOUSLY REPORTED. ON PART VII, REPORTABLE COMPENSATION IN COLUMN D WAS CHANGED AS FOLLOWS: IAN MAGEE $243,784 SARA CONAHAN $253,018 DERREK SHULMAN $235,373 ON SCHEDULE J, PART II, COLUMN B(I) WAS CHANGED AS FOLLOWS: IAN MAGEE $233,784 SARA CONAHAN $235,956 DERREK SHULMAN $213,873 |