2022-05-05T15:37:15-05:00 2021-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2020-07-01 043519203 NEW LEADERS INC NEWL 6467921070 30 WEST 26TH STREET 10TH FL NEW YORK NY 10010 JEAN DESRAVINES CEO 6467921070 2022-05-05 1 JEAN DESRAVINES 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z JEAN DESRAVINES 30 WEST 26TH STREET 10TH FL NEW YORK NY 10010 21184932 0 X WWW.NEWLEADERS.ORG X 2000 MA SEE PART III, LINE 1. 12 11 147 12 0 0 19117431 15442764 7039415 5286329 310931 245243 193433 210596 26661210 21184932 9000 400 0 0 18686431 22448609 0 0 1787809 5212648 4825930 23908079 27274939 2753131 -6090007 37022082 33097729 5014611 5967125 32007471 27130604 X NEW LEADERS, INC.'S MISSION IS TO ENSURE HIGH ACADEMIC ACHIEVEMENT FOR ALL CHILDREN, ESPECIALLY STUDENTS IN POVERTY AND STUDENTS OF COLOR, BY DEVELOPING TRANSFORMATIONAL SCHOOL LEADERS AND ADVANCING THE POLICIES AND PRACTICES THAT ALLOW GREAT LEADERS TO SUCCEED. 0 0 7487965 PROGRAM PATHWAYS: THROUGH OUR LEADERSHIP DEVELOPMENT PATHWAYS, NEW LEADERS PROVIDES AN IMMERSIVE, COMPETENCY-BASED TRAINING EXPERIENCE THAT PROVIDES SCHOOL AND DISTRICT LEADERS-FROM TEACHER LEADERS TO PRINCIPAL SUPERVISORS-WITH THE INTERACTIVE TOOLS, INSTRUCTIONAL STRATEGIES, INDIVIDUALIZED COACHING, AND COMMUNITY SUPPORT REQUIRED TO DELIVER BREAKTHROUGH RESULTS AND SUSTAINED STUDENT OUTCOMES. IN 2020-21, WE REACHED 316 LEADERS THAT SERVED AN ESTIMATED 204,400 STUDENTS. 5529745 5286329 LEADERSHIP SELECTION AND DEVELOPMENT: COMPRISED OF EMERGING LEADERS PROGRAM, ASPIRING PRINCIPALS / RESIDENCY INDUCTION AND PROGRAM MANAGEMENT: EMERGING LEADERS PROVIDES ON-THE-JOB LEADERSHIP TRAINING THAT PREPARES ASSISTANT PRINCIPALS, COACHES, AND TEACHER LEADERS TO ELEVATE INSTRUCTION AND RAISE ACHIEVEMENT ACROSS MULTIPLE CLASSROOMS. THE PROGRAM STRENGTHENS LEADERSHIP CAPACITY ACROSS ENTIRE DISTRICTS AND CHARTER NETWORKS BUILDING A PIPELINE OF WELL-PREPARED FUTURE SCHOOL LEADERS AND ENSURING THAT TEACHER LEADERS AND ASSISTANT PRINCIPALS MASTER ESSENTIAL INSTRUCTIONAL LEADERSHIP SKILLS NEEDED TO GUIDE COLLEAGUES AND THEIR STUDENTS TO EXCELLENCE. IN THE 2020-21 SCHOOL YEAR, 66 EDUCATORS COMPLETED EMERGING LEADERS IN SIX SITES SERVING AN ESTIMATED 8,250 STUDENTS. ASPIRING PRINCIPALS (RESIDENCY AND INDUCTION): THE ASPIRING PRINCIPALS PROGRAM IS DESIGNED FOR LEADERS WHO ARE NEXT IN LINE FOR THE PRINCIPALSHIP. RESIDENT PRINCIPALS IN THIS PROGRAM WILL BE DEVELOPED IN ALL ASPECTS OF TRANSFORMATIONAL LEADERSHIP, WITH A SPECIFIC FOCUS ON ESTABLISHING EFFECTIVE TEAM AND SCHOOL-WIDE SYSTEMS AND STRUCTURES THAT DRIVE INSTRUCTIONAL EXCELLENCE AND EQUITY, IN PREPARATION FOR BECOMING AN EFFECTIVE SCHOOL BUILDING LEADER. IN 2020-21, NEW LEADERS DELIVERED A RIGOROUS CURRICULUM, TRAINING, AND SUPPORT TO GRADUATES IN ONE SITE THAT SERVED AN ESTIMATED 2,600 STUDENTS. 1569104 HIGHER EDUCATION PARTNERSHIPS: THROUGH OUR HIGHER EDUCATION PARTNERSHIPS, NEW LEADERS PARTNERS WITH INSTITUTIONS OF HIGHER EDUCATION TO AFFECT TRANSFORMATIONAL CHANGE IN OUR SCHOOLS AND SOCIETY. WE WORK ALONGSIDE COLLEGES AND UNIVERSITIES TO CO-DESIGN ELEMENTS OF EFFECTIVE ONLINE AND BLENDED PROGRAMS; BUILD THE CAPACITY OF FACULTY TO PERFECT NEW PRACTICES; AND ENGAGE IN CONTINUOUS LEARNING AND IMPROVEMENT PRACTICES. 3447469 400 THESE SERVICES INCLUDE CRITICAL INTERNAL INFRASTRUCTURE THAT ENABLES THE SUCCESSFUL DESIGN OF OUR EVIDENCE-BASED PROGRAMMING AND MAXIMIZES OUR FOOTPRINT NATIONALLY. THE PROGRAM DESIGN TEAM DEVELOPS CONTENT TO DEVELOP HIGHLY ENGAGING AND INTERACTIVE INSTRUCTION FOR ADULT LEADERS PARTICIPATING IN OUR PROGRAMS. THE CONTENT DEVELOPMENT TEAM CREATES BEST-IN-CLASS CONTENT, ASSETS, AND APPLICATIONS OF LEARNING WITH THE AIM OF IMPROVING THE LEADERSHIP PRACTICE OF PROGRAM PARTICIPANTS. THE NEW SITE DEVELOPMENT TEAM SUPPORTS EFFORTS TO REACH MANY MORE LEADERS BY PURSUING OPPORTUNITIES TO ENLIST SCHOOLS AND SCHOOL SYSTEMS ACROSS THE COUNTRY TO ENGAGE IN OUR PROGRAMMING WHILE SECURING EARNED REVENUE THAT ADVANCES THE ORGANIZATION'S FINANCIAL SUSTAINABILITY. 3447469 400 18034283 1 1 0 1 0 0 0 0 0 0 1 0 0 0 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 34 0 1 147 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL CA FL GA HI IL KY MD MA MI MN MS NJ NY NC PA RI TN VA WI X NOAH WEPMAN 6467921070 30 WEST 26TH STREET 10TH FL NEW YORK NY 10010 JEAN DESRAVINES CEO & BOARD MEMBER 40.00 X X 425754 0 92920 TED COLBERT III BOARD CHAIR 0.40 X X 0 0 0 NAOMI O SELIGMAN BOARD VICE CHAIR 0.40 X X 0 0 0 BARBARA HYDE BOARD MEMBER 0.40 X 0 0 0 MIKE JOHNSTON BOARD MEMBER 0.40 X 0 0 0 JOSH LEWIS BOARD MEMBER 0.40 X 0 0 0 JONATHAN SCHNUR BOARD MEMBER 0.40 X 0 0 0 JAN ROCK ZUBROW BOARD MEMBER 0.40 X 0 0 0 LINNEA ROBERTS BOARD MEMBER 0.40 X 0 0 0 TRIPP JONES BOARD MEMBER 0.40 X 0 0 0 MARTY LIPPERT BOARD MEMBER 0.40 X 0 0 0 MICHELLE BOYERS BOARD MEMBER (UNTIL 6/2021) 0.40 X 0 0 0 BILLY CAMPBELL BOARD MEMBER 0.40 X 0 0 0 LAURA KADETSKY CAO, SEC. & GENERAL COUNSEL 40.00 X 227677 0 32530 NOAH WEPMAN CHIEF FIN. & GROWTH OFF./TREAS. 40.00 X 224691 0 32272 MICHELE CARACAPPA CHIEF PROGRAM OFFICER 40.00 X 257101 0 14510 SONIA BEATTY CHIEF OF STAFF TO CEO & TALENT OFF. 40.00 X 232820 0 15956 JAQUELINE GRAN CHIEF POLICY & EVALUATION OFFICER 40.00 X 202028 0 31221 JOHN JENKINS DEP. CHEIF OFF., PROGRAM IMPL. 40.00 X 217736 0 13414 MATTHEW KELEMEN NAT. SR. EXEC. DIR, HIGHER ED. PARTNER. 40.00 X 192102 0 31337 MARIA ESPONDA-MEDINA SR. EXEC. DIR., PROGRAM IMPL. 40.00 X 167451 0 30593 K MIATA FULLER NAT. SR. EXEC. DIR., ORG. DEV. & TALENT MGMT. 40.00 X 173676 0 13890 RIKA WILCOX SR. EXEC. DIR., STRAT., OPS. & PROG. MGMT 40.00 X 146108 0 30179 DENISE DENNIS NATIONAL SR. EXEC. DIR., MAPP 40.00 X 151459 0 19386 2618603 0 358208 67 0 1 0 ERNST & YOUNG LLP 841 BROADWAY 8TH FL NEW YORK NY 10003 STRATEGY CONSULTANT 232876 ELITE SYSTEMS AMERICA 591 SUMMIT AVE JERSEY CITY NJ 07306 IT CONSULTANT 149175 KEYSTONE CONSULTING US LLC 64 WOOSTER STREET 3RD FL NEW YORK NY 10012 STRATEGY & OPERATIONS CONSULTANT 125400 CLARITY CONSULTING & COMMUNICATIONS 6300 CREEDMORE ROAD SUITE 170 RALEIGH NC 27612 PROGRAM CONSULTANT 121025 SPITFIRE STRATEGIES 2300 N ST NW 610 WASHINGTON DC 20037 MARKETING CONSULTANT 117009 5 3240395 12202369 25174 15442764 POLICY & PRACTICE SERV 900099 5286329 5286329 5286329 245243 245243 209096 0 209096 209096 209096 OTHER REVENUE 900099 1500 1500 1500 21184932 5286329 0 455839 400 400 2289994 1085572 1204422 15905793 12267731 2277490 1360572 356316 276776 48497 31043 2301497 1778917 360997 161583 1595009 1174664 299889 120456 82825 82825 100000 100000 75912 75912 24491 24491 1949255 906862 960655 81738 13249 13224 25 379115 18172 354657 6286 462376 462376 658642 658642 38608 15513 18104 4991 178 178 36980 36980 139430 139430 173156 12515 148126 12515 CURRICULUM MATERIALS 373401 368883 4053 465 EQUIP. RENTAL & MAINT. 139669 3075 136594 PAYROLL FEES 45405 45405 PROFESSIONAL DEVELOPMEN 37637 18074 17607 1956 95601 17815 71582 6204 27274939 18034283 7452847 1787809 X 7543788 4022235 13408475 13605455 6832287 4012103 204 841688 314650 426118 670242 350381 431805 319861 8399356 9784886 91517 85383 37022082 33097729 1397233 3390086 66000 315938 3240395 2000000 310983 261101 5014611 5967125 X 22642353 20783742 9365118 6346862 32007471 27130604 37022082 33097729 -6090007 1213140 0 X 0 1 X 1 0 X 22051960 18286786 20736797 19117431 15442764 95635738 22051960 18286786 20736797 19117431 15442764 95635738 29745640 65890098 113896 201253 711720 504364 454339 1985572 9628 1500 11128 97632438 34118628 0.67490 0.69580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 97031 97031 27177908 27274939 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 98735 89274 80991 97031 366031 250000 250000 250000 250000 1000000 1500000 6431 165 6596 573850 297673 276177 96392 52708 43684 319861 DEFERRED RENT 244108 SUBLEASE SECURITY DEPOSIT 16993 261101 X 22959478 1213140 585897 1799037 21160441 24491 24491 21184932 27836345 585897 585897 27250448 24491 24491 27274939 PART X, LINE 2: FOR THE YEAR ENDED JUNE 30, 2021, NEW LEADERS HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X X X X X 0 1 0 0 0 0 0 0 0 JEAN DESRAVINES CEO & BOARD MEMBER 425754 0 0 0 0 0 68177 0 24743 0 518674 0 0 0 MICHELE CARACAPPA CHIEF PROGRAM OFFICER 257101 0 0 0 0 0 7729 0 6781 0 271611 0 0 0 LAURA KADETSKY CAO, SEC. & GENERAL COUNSEL 227677 0 0 0 0 0 7139 0 25391 0 260207 0 0 0 NOAH WEPMAN CHIEF FIN. & GROWTH OFF./TREAS. 224691 0 0 0 0 0 6900 0 25372 0 256963 0 0 0 SONIA BEATTY CHIEF OF STAFF TO CEO & TALENT OFF. 232820 0 0 0 0 0 7158 0 8798 0 248776 0 0 0 JAQUELINE GRAN CHIEF POLICY & EVALUATION OFFICER 202028 0 0 0 0 0 6478 0 24743 0 233249 0 0 0 JOHN JENKINS DEP. CHEIF OFF., PROGRAM IMPL. 217736 0 0 0 0 0 4433 0 8981 0 231150 0 0 0 MATTHEW KELEMEN NAT. SR. EXEC. DIR, HIGHER ED. PARTN 192102 0 0 0 0 0 6000 0 25337 0 223439 0 0 0 MARIA ESPONDA-MEDINA SR. EXEC. DIR., PROGRAM IMPL. 167451 0 0 0 0 0 5183 0 25410 0 198044 0 0 0 K MIATA FULLER NAT. SR. EXEC. DIR., ORG. DEV. & TAL 173676 0 0 0 0 0 5372 0 8518 0 187566 0 0 0 RIKA WILCOX SR. EXEC. DIR., STRAT., OPS. & PROG. 146108 0 0 0 0 0 4728 0 25451 0 176287 0 0 0 DENISE DENNIS NATIONAL SR. EXEC. DIR., MAPP 151459 0 0 0 0 0 2036 0 17350 0 170845 0 0 0 PART I, LINE 4B JEAN DESRAVINES DEFERRED COMPENSATION INCLUDES $59,627 THAT RELATES TO THE 457F PLAN. X 1 25174 FMV 0 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 (ALONG WITH AUDITED FINANCIAL STATEMENTS) IS REVIEWED BY ALL VOTING MEMBERS OF THE ORGANIZATION'S GOVERNING BODY AND BY THE OFFICERS OF THE ORGANIZATION BEFORE FILING. SPECIFICALLY, UPON COMPLETION OF THE ANNUAL AUDIT, THE FORM 990, WITH THE AUDITED FINANCIAL STATEMENTS AS APPROVED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS, IS PRESENTED TO THE FULL BOARD OF DIRECTORS IN ELECTRONIC COPY FOR REVIEW. FURTHER, THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE ALSO PRESENTED IN ELECTRONIC FORM TO THE OFFICERS OF THE ORGANIZATION FOR REVIEW. ONCE THIS REVIEW IS COMPLETED, THE FORM 990 IS FILED WITH FEDERAL AND STATE GOVERNMENTS, ALONG WITH COPIES OF THE FINAL AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C NEW LEADERS HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS INCLUDED IN THE EMPLOYEE POLICIES MANUAL AND FISCAL POLICIES AND PROCEDURES MANUAL, POSTED ON THE INTERNAL WEBSITE, AND INCLUDED IN BOARD ORIENTATION MATERIALS. BOARD MEMBERS, OFFICERS, AND MANAGEMENT (EXECUTIVE-LEVEL) EMPLOYEES ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY AT LEAST ANNUALLY, AS WELL AS UPON ANY REVISION THERETO, AND ARE REQUIRED AT LEAST ANNUALLY TO SIGN A DOCUMENT CERTIFYING THAT THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY AND AGREE TO COMPLY WITH IT. THE BOARD CURRENTLY MANDATES THAT ALL EXECUTIVE-LEVEL EMPLOYEES AND BOARD MEMBERS ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSE POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT IS DISCLOSED AT ANY TIME, THE BOARD, OR THE RELEVANT COMMITTEE THEREOF, WILL REVIEW THE MATERIAL FACTS AND CIRCUMSTANCES. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST, THE BOARD WILL DETERMINE WHETHER THE TRANSACTION AT ISSUE MAY BE OBTAINED WITH REASONABLE EFFORTS VIA AN ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OR, IF THAT IS NOT REASONABLY POSSIBLE, WHETHER THE ORIGINAL TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION, FOR ITS OWN BUSINESS, AND FAIR AND REASONABLE. THE INTERESTED PERSON DOES NOT PARTICIPATE IN ANY VOTE OR DISCUSSION ON THIS MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES A DETAILED JOB LADDER WITH POSITION LEVELS, SALARY RANGES, AND JOB REQUIREMENTS THAT ARE BENCHMARKED AGAINST COMPARABLE NON-PROFIT ORGANIZATIONS. ALL EMPLOYEES ARE GIVEN ANNUAL PERFORMANCE REVIEWS, AND SALARY INCREASES ARE APPROVED BY AN OFFICER. THE COMPENSATION OF THE CEO, AND THE CEO'S RECOMMENDATIONS FOR COMPENSATION OF THE OTHER OFFICERS ARE REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD AND REVIEWED AND APPROVED BY ALL INDEPENDENT MEMBERS OF THE FULL BOARD. AS PART OF THE BOARD'S REVIEW THEY GIVE CONSIDERATION TO COMPENSATION STUDIES AND SURVEYS, COMPARISON INFORMATION FROM OTHER NONPROFIT ORGANIZATIONS OBTAINED FROM FORMS 990 AND OTHER SOURCES, AND HISTORICAL SALARY INFORMATION. THIS PROCESS IS COMPLETED ON AN ANNUAL BASIS. IN SELECT YEARS, THE ORGANIZATION RETAINED AN INDEPENDENT COMPENSATION CONSULTANT THAT PROVIDED INFORMATION TO THE COMPENSATION COMMITTEE AND THE BOARD AS PART OF THEIR REVIEW OF THE CEO'S COMPENSATION AND THE CEO'S RECOMMENDATIONS FOR COMPENSATION OF THE OTHER OFFICERS. THE LAST COMPENSATION REVIEW TOOK PLACE SEPTEMBER 2021. FORM 990, PART VI, SECTION C, LINE 19 NEW LEADERS HAS A POLICY TO PROVIDE WITHIN A REASONABLE PERIOD OF TIME THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO ANY PERSON OR ORGANIZATION UPON REQUEST. FORM 990, PART X, LINE 24: ON MARCH 17, 2021, NEW LEADERS RECEIVED A SECOND PPP LOAN TOTALING $2,000,000. THE PROMISSORY NOTE REQUIRES MONTHLY PRINCIPAL AND INTEREST PAYMENTS AMORTIZED OVER THE FIVE-YEAR TERM OF THE PROMISSORY NOTE WITH A DEFERRAL OF PAYMENTS FOR THE FIRST TEN MONTHS. UNDER THE CARES ACT, THE PROMISSORY NOTE MAY BE FORGIVEN BY THE SBA IN WHOLE OR IN PART. NEW LEADERS INTENDS TO USE THE PROCEEDS FOR PURPOSES CONSISTENT WITH THE PROGRAM AND THAT ITS USE OF THE LOAN PROCEEDS WILL MEET THE CONDITIONS FOR FORGIVENESS OF THE LOAN. ACCORDINGLY, NEW LEADERS INTENDS TO APPLY FOR FORGIVENESS WITHIN THE NEXT FISCAL YEAR, AND ACCORDINGLY THE FULL VALUE OF THE LOAN HAS BEEN CLASSFIED AS A CURRENT LIABILITY IN THE ACCOMPANYING STATEMENT OF FINANCIAL POSITION.