NEW PROFIT INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- NEW PROFIT INC (EIN 04-3396766)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-11
- IRS object ID
- 202233159349305148
- Schema version
- 2021v4.2
- 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 L
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-11T13:58:26-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | 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 | 2021-01-01 | 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 | 99 BEDFORD STREET 500 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | 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 | 2022-09-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DOUG | PersonFirstNm |
| Person Last | BORCHARD | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW HUTT CPA | PreparerPersonNm |
| PTIN | P01070603 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2022-09-21 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Principal Officer | DOUG BORCHARD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 99 BEDFORD STREET 500 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $77,118,974 | 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. NEW PROFIT EXISTS TO BUILD A BRIDGE BETWEEN THESE LEADERS AND A COMMUNITY OF PHILANTHROPISTS WHO ARE COMMITTED TO CATALYZING THEIR IMPACT. 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. IT ALSO PARTNERS WITH SOCIAL ENTREPRENEURS AND OTHER CROSS-SECTOR LEADERS TO SHIFT HOW GOVERNMENT AND PHILANTHROPY PURSUE SOCIAL CHANGE TO ENSURE THAT ALL PEOPLE CAN THRIVE. SINCE ITS FOUNDING IN 1998, NEW PROFIT HAS INVESTED OVER $325M IN 165+ ORGANIZATIONS AND, THROUGH THE AMERICA FORWARD COALITION'S COLLECTIVE ADVOCACY EFFORTS, HAS UNLOCKED OVER $1.7B IN GOVERNMENT FUNDING FOR SOCIAL INNOVATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 84 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $20,430,328 | PYContributionsGrantsAmt |
| CY Contributions Grants | $77,008,557 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $949,927 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $101,731 | CYProgramServiceRevenueAmt |
| PY Investment Income | $101,343 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,686 | CYInvestmentIncomeAmt |
| PY Other Revenue | $319 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $21,481,917 | PYTotalRevenueAmt |
| CY Total Revenue | $77,118,974 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $13,525,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $10,306,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,295,444 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $10,531,823 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $23,226 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $224,521 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $2,418,859 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,541,107 | PYOtherExpensesAmt |
| CY Other Expenses | $6,418,333 | CYOtherExpensesAmt |
| PY Total Expenses | $31,384,777 | PYTotalExpensesAmt |
| CY Total Expenses | $27,480,677 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$9,902,860 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $49,638,297 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $64,312,700 | TotalAssetsBOYAmt |
| Total Assets EOY | $113,525,114 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $851,592 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $592,953 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $63,461,108 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $112,932,161 | 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 | $8,846,418 | ExpenseAmt |
| Grant | $4,620,000 | GrantAmt |
| Revenue | $101,731 | RevenueAmt |
| Desc | SEE SCHEDULE O. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $9,957,184 | ExpenseAmt |
| Grant | $5,686,000 | GrantAmt |
| Desc | SEE SCHEDULE O. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $368,363 | ExpenseAmt |
| Desc | SEE SCHEDULE O. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,123,111 | ExpenseAmt |
| Desc | POLICY AND FIELD BUILDINGOUR ECOSYSTEM BUILDING EFFORTS ENGAGE SOCIAL ENTREPRENEURS, POLICYMAKERS, PHILANTHROPISTS, AND OTHER NATIONAL AND LOCAL STAKEHOLDERS TO TRANSFORM HOW GOVERNMENT AND PHILANTHROPY THINK ABOUT HOW TO COLLECTIVELY PURSUE SOCIAL CHANGE AND ALLOCATE RESOURCES. THROUGH THIS WORK, WE LEVERAGE DEEP INSIGHTS OF SOCIAL INNOVATORS IN OUR COMMUNITY TO INFLUENCE HOW POLICIES ARE SHAPED AND HOW RESOURCES FLOW IN THE SECTOR TO HELP REMOVE BARRIERS TO SUSTAINED SOCIAL PROGRESS.INCLUSIVE IMPACTTHROUGH A MULTI-RACIAL, MULTI-ETHNIC NETWORK OF PHILANTHROPISTS, PRACTITIONERS, INSTITUTIONAL FUNDERS, AND SOCIAL IMPACT STAKEHOLDERS, INCLUSIVE IMPACT IS DESIGNED TO INCREASE INVESTMENTS IN LEADERS OF COLOR IN THE SOCIAL SECTOR SO THAT WE CAN LEVERAGE THE DIVERSE VOICES IN OUR SOCIETY TO INFLUENCE WHAT A NEW ERA OF SOCIAL PROBLEM-SOLVING COULD LOOK LIKE. INCLUSIVE IMPACT IS INITIALLY FOCUSED ON INCREASING INVESTMENTS IN BLACK, INDIGENOUS, AND LATINO/A/X LEADERS BECAUSE WE HAVE FOUND THAT THAT THEY ARE SIGNIFICANTLY UNDERREPRESENTED AT ALL LEVELS OF SOCIAL SECTOR LEADERSHIP AND FACE THE LARGEST DISPARITIES IN TERMS OF FUNDING AND SUPPORT IN THE SECTOR TODAY.AMERICA FORWARDAMERICA FORWARD IS NEW PROFIT'S DC-BASED, NONPARTISAN POLICY INITIATIVE THAT UNITES SOCIAL ENTREPRENEURS WITH POLICYMAKERS TO TRANSFORM LOCAL IMPACT INTO NATIONAL CHANGE. AMERICA FORWARD ENGAGES A COALITION OF OVER 100 SOCIAL INNOVATION ORGANIZATIONS THAT ARE ACHIEVING MEASURABLE OUTCOMES IN MORE THAN 15,000 COMMUNITIES NATIONWIDE. TOGETHER, THEY CHAMPION A PUBLIC POLICY AGENDA THAT FOSTERS INNOVATION, REWARDS RESULTS, AND CATALYZES CROSS-SECTOR PARTNERSHIPS IN EDUCATION, EARLY CHILDHOOD, WORKFORCE DEVELOPMENT, YOUTH DEVELOPMENT, AND POVERTY ALLEVIATION. COALITION ORGANIZATIONS HAVE LEVERAGED $1.7 BILLION FOR SOCIAL INNOVATION AND HAVE DRIVEN MILLIONS OF FEDERAL RESOURCES TOWARD PROGRAMS THAT ARE ACHIEVING MEASURABLE RESULTS FOR THOSE WHO NEED THEM MOST.FUTURE OF WORK GRAND CHALLENGENEW PROFIT AND A COALITION OF PARTNERS LAUNCHED THE FUTURE OF WORK GRAND CHALLENGE IN 2020. THE CROSS-SECTOR, EQUITY-FOCUSED EFFORT AIMS TO RAPIDLY RESKILL DISPLACED WORKERS INTO HIGHER-WAGE JOBS IN AND EQUIP INFLUENTIAL WORKFORCE BOARDS WITH VETTED TOOLS. NEW PROFIT'S FUTURE OF WORK STRATEGY AIMS TO ALIGN EMPLOYER, NONPROFIT, PHILANTHROPIC, AND GOVERNMENT SECTORS TO CREATE A NEW LEARNING ECOSYSTEM THAT WORKS FOR THE MOST VULNERABLE AMERICANS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $3,123,111 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $22,295,076 | 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 | 0 | 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 | Yes (1) | 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 | 99 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 84 | 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 |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IAN MAGEE CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6179128808 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 99 BEDFORD STREET 500 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02111 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (30 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 CO-CEO | 45.00 | Yes (X) | $383,163 | $0 | $29,895 | |||
| DEBORAH SMOLOVER | ||||||||
| MANAGING PARTNER, ED OF AMERICA FORWARD | 45.00 | $332,359 | $0 | $28,503 | Yes (X) | |||
| TULAINE MARSHALL | ||||||||
| CO-CEO | 45.00 | Yes (X) | $326,869 | $0 | $10,200 | |||
| ELIZA GREENBERG | ||||||||
| MANAGING PARTNER | 45.00 | $268,906 | $0 | $21,903 | Yes (X) | |||
| DOUGLAS BORCHARD | ||||||||
| MANAGING PARTNER, CHIEF OPERATING OFFICER | 45.00 | Yes (X) | $274,329 | $0 | $7,689 | |||
| KIMBERLY SYMAN | ||||||||
| MANAGING PARTNER | 45.00 | $247,245 | $0 | $29,895 | Yes (X) | |||
| ALEXANDER CORTEZ | ||||||||
| MANAGING PARTNER | 45.00 | $250,035 | $0 | $12,735 | Yes (X) | |||
| IAN MAGEE | ||||||||
| MANAGING PARTNER, CHIEF FINANCIAL OFFICER | 45.00 | Yes (X) | $240,498 | $0 | $16,200 | |||
| TREVOR BROWN | ||||||||
| MANAGING PARTNER | 45.00 | $246,425 | $0 | $8,289 | Yes (X) | |||
| SHRUTI SEHRA | ||||||||
| MANAGING PARTNER | 45.00 | $236,295 | $0 | $16,200 | Yes (X) | |||
| JEFFREY WALKER | ||||||||
| CHAIRMAN | 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) | |||
| KERWIN CHARLES | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| SAM COBBS | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| ALISA DOCTOROFF | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| DAVID GERGEN | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| STACY JANIAK | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| STEVE JENNINGS | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| WENDY KOPP | ||||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| MATT 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) | |||
| VALERIE MOSLEY | ||||||||
| 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) | |||
| JAMES PALLOTTA | ||||||||
| 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) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,806,124 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $181,509 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 40 | 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 AND PORTFOLIO SUPPORT | $232,500 |
| JEFF NELSON | |||||
| 1135 MOREHEAD CT | ANN ARBOR | MI | 48103 | PORTFOLIO AND FUNDRAISING STRATEGY | $217,184 |
| HELAYNE B JONES | |||||
| 840 6TH STREET | BOULDER | CO | 80302 | STRATEGY ADVISOR AND DEAL SUPPORT | $170,400 |
| IMPELLO VENTURES | |||||
| 4237 E HIGHLANDS DR | PARADISE VALLEY | AZ | 85253 | STRATEGY ADVISOR AND DEAL SUPPORT | $137,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $77,008,557 | AllOtherContributionsAmt |
| Noncash Contributions | $2,468,121 | NoncashContributionsAmt |
| Total Contributions | $77,008,557 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NETWORKING EVENT FEES | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $101,731 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $101,731 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $101,731 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,686 | TotalRevenueColumnAmt |
| Exclusion | $8,686 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $77,118,974 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $101,731 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,686 | 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 | $10,306,000 | TotalAmt |
| Program Services | $10,306,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,593,919 | TotalAmt |
| Program Services | $613,645 | ProgramServicesAmt |
| Management And General | $701,359 | ManagementAndGeneralAmt |
| Fundraising | $278,915 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,271,026 | TotalAmt |
| Program Services | $4,872,447 | ProgramServicesAmt |
| Management And General | $1,284,381 | ManagementAndGeneralAmt |
| Fundraising | $1,114,198 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $179,858 | TotalAmt |
| Program Services | $118,389 | ProgramServicesAmt |
| Management And General | $33,504 | ManagementAndGeneralAmt |
| Fundraising | $27,965 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $906,306 | TotalAmt |
| Program Services | $585,160 | ProgramServicesAmt |
| Management And General | $181,853 | ManagementAndGeneralAmt |
| Fundraising | $139,293 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $580,714 | TotalAmt |
| Program Services | $361,207 | ProgramServicesAmt |
| Management And General | $128,449 | ManagementAndGeneralAmt |
| Fundraising | $91,058 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,557 | TotalAmt |
| Management And General | $46,557 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,313 | TotalAmt |
| Program Services | $45,313 | ProgramServicesAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $224,521 | TotalAmt |
| Fundraising | $224,521 | FundraisingAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,988,699 | TotalAmt |
| Program Services | $4,551,966 | ProgramServicesAmt |
| Management And General | $172,544 | ManagementAndGeneralAmt |
| Fundraising | $264,189 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,494 | TotalAmt |
| Program Services | $30,357 | ProgramServicesAmt |
| Management And General | $9,230 | ManagementAndGeneralAmt |
| Fundraising | $10,907 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $839,929 | TotalAmt |
| Program Services | $495,051 | ProgramServicesAmt |
| Management And General | $147,562 | ManagementAndGeneralAmt |
| Fundraising | $197,316 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,232 | TotalAmt |
| Program Services | $24,036 | ProgramServicesAmt |
| Management And General | $10,435 | ManagementAndGeneralAmt |
| Fundraising | $2,761 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,577 | TotalAmt |
| Program Services | $113,811 | ProgramServicesAmt |
| Management And General | $1,452 | ManagementAndGeneralAmt |
| Fundraising | $51,314 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,018 | TotalAmt |
| Management And General | $15,018 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| RECRUITING AND TALENT | $169,046 | $153,445 | $1,317 | $14,284 |
| MISCELLANEOUS | $59,468 | $24,249 | $33,081 | $2,138 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,480,677 | TotalAmt |
| Program Services | $22,295,076 | ProgramServicesAmt |
| Management And General | $2,766,742 | ManagementAndGeneralAmt |
| Fundraising | $2,418,859 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,602,138 | BOYAmt |
| EOY | $9,748,112 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,496,838 | BOYAmt |
| EOY | $57,385,162 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,871,809 | BOYAmt |
| EOY | $46,004,320 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $326,897 | BOYAmt |
| EOY | $387,520 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,018 | BOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,312,700 | BOYAmt |
| EOY | $113,525,114 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $851,592 | BOYAmt |
| EOY | $592,953 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $851,592 | BOYAmt |
| EOY | $592,953 | 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 | $8,169,982 | BOYAmt |
| EOY | $25,357,269 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,291,126 | BOYAmt |
| EOY | $87,574,892 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,461,108 | BOYAmt |
| EOY | $112,932,161 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,312,700 | BOYAmt |
| EOY | $113,525,114 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $49,638,297 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$167,244 | 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 | $16,115,471 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $27,482,118 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $46,371,399 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,430,328 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $77,008,557 | CurrentTaxYearAmt |
| Total | $187,407,873 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $16,115,471 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $27,482,118 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $46,371,399 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,430,328 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $77,008,557 | CurrentTaxYearAmt |
| Total | $187,407,873 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $42,450,703 | SubstantialContributorsTotAmt |
| Public Support Total170 | $144,957,170 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $80,345 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $272,169 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $395,367 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $101,343 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,686 | CurrentTaxYearAmt |
| Total | $857,910 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,782 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,751 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,009 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $319 | CurrentTaxYearMinus1YearAmt |
| Total | $12,861 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $188,278,644 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $2,266,126 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.76990 | PublicSupportCY170Pct |
| Public Support PY170 | 0.68240 | 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 | $28,654 | CurrentYearMinus3Amt |
| Current Year Minus2 | $23,667 | CurrentYearMinus2Amt |
| Current Year Minus1 | $44,244 | CurrentYearMinus1Amt |
| Current Year | $45,313 | CurrentYearAmt |
| Total | $141,878 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $79,337,758 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $2,386,028 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$167,244 | OtherRevenueAmt |
| Revenue Not Reported | $2,218,784 | RevenueNotReportedAmt |
| Revenue Subtotal | $77,118,974 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $77,118,974 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $29,866,705 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $2,386,028 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $2,386,028 | ExpensesNotReportedAmt |
| Expenses Subtotal | $27,480,677 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $27,480,677 | 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, 2021. 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 -10,000. PROVISION FOR UNCOLLECTIBLE COMMITMENTS -157,244. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | ActivityActivityTxt | Fundraiser Control Of FundsFundraiserControlOfFundsInd | Gross ReceiptsGrossReceiptsAmt | Retained By ContractorRetainedByContractorAmt | Net To OrganizationNetToOrganizationAmt |
|---|---|---|---|---|---|---|---|---|
| WILLIAM JACKSON | ||||||||
| 3729 22ND STREET | SAN FRANCISCO | CA | 94114 | CONSULTING ON FUNDRAISING STRATEGY | 0 | $0 | $75,075 | -$75,075 |
| JEFFREY NELSON | ||||||||
| 1135 MOREHEAD STREET | ANN ARBOR | MI | 48103 | CONSULTING ON FUNDRAISING STRATEGY | 0 | $0 | $102,396 | -$102,396 |
| JEFFREY BERNDT | ||||||||
| 5025 THATCHER RD | OJAI | CA | 93023 | CONSULTING ON FUNDRAISING STRATEGY | 0 | $0 | $45,000 | -$45,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $222,471 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$222,471 | TotalNetToOrganizationAmt |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
| Licensed States | FL | LicensedStatesCd |
| Licensed States | WA | LicensedStatesCd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (47 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|
| 40 SCHOOLS | |||||||||
| 612 ANDREW HIGGENS 3RD FLOOR | NEW ORLEANS | LA | 70130 | 273474661 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| ACSET AREA COMMUNITY SERVICES EMPLOYMENT & TRAINING COUNCIL | |||||||||
| 1550 LEONARD ST NE | GRAND RAPIDS | MI | 49505 | 382631431 | 501(C)3 | $135,000 | $0 | PROGRAM EXPANSION | |
| ARTS2WORK | |||||||||
| 1919 SOUTH SYRINGA RD | SPOKANE | WA | 99203 | 133044606 | 501(C)3 | $80,000 | $0 | PROGRAM EXPANSION | |
| BELOVED COMMUNITY CENTER | |||||||||
| PO BOX 875 | GREENSBORO | NC | 27402 | 561877250 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| BENJAMIN FRANKLIN INSTITUTE OF TECHNOLOGY | |||||||||
| 41 BERKELEY ST | BOSTON | MA | 02116 | 042103572 | 501(C)3 | $135,000 | $0 | PROGRAM EXPANSION | |
| BEYOND12 EDUCATION | |||||||||
| 1625 CLAY ST | OAKLAND | CA | 94612 | 271275246 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| BIG PICTURE LEARNING | |||||||||
| 97 WOOD MANOR LN | CLAYTON | NC | 27528 | 050485883 | 501(C)3 | $60,000 | $0 | PROGRAM EXPANSION | |
| BLACK BELT COMMUNITY FOUNDATION | |||||||||
| PO BOX 2020 | SELMA | AL | 36702 | 631270745 | 501(C)3 | $12,000 | $0 | PROGRAM EXPANSION | |
| BLACK LEADERS ORGANIZING FOR COMMUNITIES (BLOC) (THROUGH SPONSOR TIDES FOUN | |||||||||
| 1014 TORNEY AVE | SAN FRANCISCO | CA | 94129 | 510198509 | 501(C)3 | $100,000 | $0 | PROGRAM EXPANSION | |
| BRAVEN | |||||||||
| 171 NORTH ABERDEEN ST SUITE 400 | CHICAGO | IL | 60607 | 464340594 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| CAPITAL WORKFORCE PARTNERS INC | |||||||||
| 1 UNION PL | HARTFORD | CT | 06103 | 061013293 | 501(C)3 | $135,000 | $0 | PROGRAM EXPANSION | |
| CENTRO COMMUNITY PARTNERS | |||||||||
| 825 WASHINGTON ST SUITE 228 | OAKLAND | CA | 94607 | 452992960 | 501(C)3 | $80,000 | $0 | PROGRAM EXPANSION | |
| CHILDREN'S LITERACY INITIATIVE | |||||||||
| 990 SPRING GARDEN ST SUITE 400 | PHILADELPHIA | PA | 19123 | 232515768 | 501(C)3 | $300,000 | $0 | PROGRAM EXPANSION | |
| COLLABORATIVE FOR ACADEMIC SOCIAL AND EMOTIONAL LEARNING | |||||||||
| 815 WEST VAN BUREN ST SUITE 210 | CHICAGO | IL | 60607 | 205884201 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| COMMUNITY FOUNDATION FOR GREATER DUBUQUE | |||||||||
| 700 LOCUST ST SUITE 195 | DUBUQUE | IA | 52001 | 421526614 | 501(C)3 | $12,000 | $0 | PROGRAM EXPANSION | |
| ENVISION EDUCATION | |||||||||
| 111 MYRTLE ST SUITE 202 | OAKLAND | CA | 94607 | 943394659 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| EQUAL OPPORTUNITY SCHOOLS | |||||||||
| 5601 6TH AVE S 258 | SEATTLE | WA | 98108 | 371609659 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| FOUNDATION FOR APPALACHIAN KENTUCKY | |||||||||
| 420 MAIN ST | HAZARD | KY | 41701 | 611329396 | 501(C)3 | $12,000 | $0 | PROGRAM EXPANSION | |
| GIRLTREK | |||||||||
| 3933 PARK AVE | FAIRFIELD | CT | 06825 | 061811886 | 501(C)3 | $400,000 | $0 | PROGRAM EXPANSION | |
| HAMPTON ROADS WORKFORCE FOUNDATION | |||||||||
| 999 WATERSIDE DR SUITE 1314 | NORFOLK | VA | 23510 | 202957424 | 501(C)3 | $135,000 | $0 | PROGRAM EXPANSION | |
| HIGHLANDER INSTITUTE | |||||||||
| 166 VALLEY ST BLDG 31 SUITE 101 | PROVIDENCE | RI | 02909 | 223115046 | 501(C)3 | $60,000 | $0 | PROGRAM EXPANSION | |
| INACOL | |||||||||
| 1934 OLD GALLOWS RD SUITE 350 | VIENNA | VA | 22182 | 200310109 | 501(C)3 | $60,000 | $0 | PROGRAM EXPANSION | |
| INSTITUTE FOR EARLY EDUCATION LEADERSHIP AND INNOVATION AT UMASS BOSTON | |||||||||
| 100 MORRISSEY BLVD | BOSTON | MA | 02125 | 043167352 | HIGHER EDUCATION | $300,000 | $0 | PROGRAM EXPANSION | |
| INSTRUCTION PARTNERS | |||||||||
| 604 GALLATIN AVE STE 202 | NASHVILLE | TN | 37206 | 475380182 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| KINGMAKERS OF OAKLAND | |||||||||
| 745 ARIMO AVE | OAKLAND | CA | 94610 | 384105767 | 501(C)3 | $500,000 | $0 | PROGRAM EXPANSION | |
| LASTINGER CENTER AT UNIVERSITY OF FLORIDA | |||||||||
| SUITE 1250 EAST CAMPUS OFFICE BLDG | GAINESVILLE | FL | 32611 | 596002052 | HIGHER EDUCATION | $300,000 | $0 | PROGRAM EXPANSION | PO BOX 113201 |
| LIBERATION VENTURES (THROUGH SPONSOR POLICYLINK) | |||||||||
| 1438 WEBSTER ST SUITE 303 | OAKLAND | CA | 94612 | 943297479 | 501(C)3 | $100,000 | $0 | PROGRAM EXPANSION | |
| NEXT100 (THROUGH FISCAL AGENT CENTURY FOUNDATION) | |||||||||
| 1 WHITEHALL ST 15TH FLOOR | NEW YORK | NY | 10004 | 131624235 | 501(C)3 | $100,000 | $0 | PROGRAM EXPANSION | |
| PAY OUR INTERNS | |||||||||
| 1001 PENNSYLVANIA AVE NW SUITE 711 | WASHINGTON | DC | 20004 | 815324800 | 501(C)3 | $100,000 | $0 | PROGRAM EXPANSION | |
| PIVOT | |||||||||
| 1300 CLAY ST SUITE 600 | OAKLAND | CA | 94612 | 943227655 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| POWERMYLEARNING | |||||||||
| 520 8TH AVE 10TH FLOOR | NEW YORK | NY | 10018 | 133935309 | 501(C)3 | $60,000 | $0 | PROGRAM EXPANSION | |
| RISE EDUCATION FUND | |||||||||
| 820 KODAK DR | LOS ANGELES | CA | 90026 | 843954465 | 501(C)3 | $100,000 | $0 | PROGRAM EXPANSION | |
| SAGA EDUCATION | |||||||||
| 10 LAUDHOLD RD | NEWTON | MA | 02458 | 472168942 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| SAN DIEGO WORKFORCE PARTNERSHIP INC | |||||||||
| 9246 LIGHTWAVE AVE SUITE 210 | SAN DIEGO | CA | 92123 | 330660504 | 501(C)3 | $135,000 | $0 | PROGRAM EXPANSION | |
| SHE THE PEOPLE (THROUGH SPONSOR POWERPAC) | |||||||||
| 268 BUSH ST 2727 | SAN FRANCISCO | CA | 94104 | 262215714 | 501(C)3 | $100,000 | $0 | PROGRAM EXPANSION | |
| SPRINGBOARD COLLABORATIVE | |||||||||
| 2 PENN CENTER STE 1315 1500 JFK | PHILADELPHIA | PA | 19102 | 453719806 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | BLVD |
| SURVEILLANCE TECHNOLOGY OVERSIGHT PROJECT INC (STOP) | |||||||||
| 40 RECTOR ST 9TH FLOOR | NEW YORK | NY | 10006 | 833646415 | 501(C)3 | $100,000 | $0 | PROGRAM EXPANSION | |
| THE HEALTH INITIATIVE | |||||||||
| 200 CLARENDON ST 44TH FLOOR | BOSTON | MA | 02116 | 831490111 | 501(C)3 | $400,000 | $0 | PROGRAM EXPANSION | |
| THE LAST MILE | |||||||||
| 44 TEHAMA ST | SAN FRANCISCO | CA | 94105 | 462899930 | 501(C)3 | $80,000 | $0 | PROGRAM EXPANSION | |
| THE LEARNING ACCELERATOR | |||||||||
| 167 HAMILTON AVE | PRINCETON | NJ | 08540 | 461059054 | 501(C)3 | $60,000 | $0 | PROGRAM EXPANSION | |
| THINK OF US | |||||||||
| 88 PINE ST | NEW YORK | NY | 10005 | 821157215 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| TRANSCEND | |||||||||
| 159 LINCOLN AVE | HASTINGSONHUDSON | NY | 10706 | 300878820 | 501(C)3 | $60,000 | $0 | PROGRAM EXPANSION | |
| URBAN ALLIANCE | |||||||||
| 2030 Q ST NW | WASHINGTON | DC | 20009 | 521938443 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| VALOR COLLEGIATE ACADEMIES | |||||||||
| 4527 NOLENSVILLE PIKE | NASHVILLE | TN | 37211 | 461413472 | 501(C)3 | $60,000 | $0 | PROGRAM EXPANSION | |
| WORKFORCE SOLUTIONS GREATER DALLAS | |||||||||
| 500 NORTH AKARD ST SUITE 3030 | DALLAS | TX | 75201 | 751924974 | 501(C)3 | $135,000 | $0 | PROGRAM EXPANSION | |
| XPRIZE FOUNDATION | |||||||||
| 800 CORPORATE POINTE SUITE 350 | CULVER CITY | CA | 90230 | 521876879 | 501(C)3 | $2,400,000 | $0 | PRIZE AWARD | |
| ZEARN | |||||||||
| 261 W 35TH ST 15 FL | NEW YORK | NY | 10001 | 371665745 | 501(C)3 | $250,000 | $0 | PROGRAM EXPANSION | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 45 | Total501c3OrgCnt |
| Total Other Org | 2 | 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 | Yes (1) | 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 (10 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 CO-CEO | $342,213 | $0 | $40,950 | $0 | $0 | $0 | $6,000 | $0 | $23,895 | $0 | $413,058 | $0 | $0 | $0 |
| DEBORAH SMOLOVER | ||||||||||||||
| MANAGING PARTNER, ED OF AMERICA FORW | $332,359 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $22,503 | $0 | $360,862 | $0 | $0 | $0 |
| TULAINE MARSHALL | ||||||||||||||
| CO-CEO | $326,869 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10,200 | $0 | $337,069 | $0 | $0 | $0 |
| ELIZA GREENBERG | ||||||||||||||
| MANAGING PARTNER | $268,906 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21,903 | $0 | $290,809 | $0 | $0 | $0 |
| DOUGLAS BORCHARD | ||||||||||||||
| MANAGING PARTNER, CHIEF OPERATING OF | $274,329 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $1,689 | $0 | $282,018 | $0 | $0 | $0 |
| KIMBERLY SYMAN | ||||||||||||||
| MANAGING PARTNER | $247,245 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $23,895 | $0 | $277,140 | $0 | $0 | $0 |
| ALEXANDER CORTEZ | ||||||||||||||
| MANAGING PARTNER | $139,724 | $0 | $0 | $0 | $110,311 | $0 | $6,000 | $0 | $6,735 | $0 | $262,770 | $0 | $0 | $0 |
| IAN MAGEE | ||||||||||||||
| MANAGING PARTNER, CHIEF FINANCIAL OF | $240,498 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $10,200 | $0 | $256,698 | $0 | $0 | $0 |
| TREVOR BROWN | ||||||||||||||
| MANAGING PARTNER | $246,425 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $2,289 | $0 | $254,714 | $0 | $0 | $0 |
| SHRUTI SEHRA | ||||||||||||||
| MANAGING PARTNER | $236,295 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $10,200 | $0 | $252,495 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4A | FormAndLineReferenceDesc |
| Explanation | ALEXANDER CORTEZ, $110,311 | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHRISTOPHER GERGEN | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SON OF BOARD MEMBER | RelationshipDescriptionTxt |
| Transaction | $21,000 | TransactionAmt |
| Transaction | CONSULTING SERVICES PAID TO FORWARD IMPACT SOLUTIONS IN 2021 | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
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 | $2,468,121 | 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 (11 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. NEW PROFIT EXISTS TO BUILD A BRIDGE BETWEEN THESE LEADERS AND A COMMUNITY OF PHILANTHROPISTS WHO ARE COMMITTED TO CATALYZING THEIR IMPACT. 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. IT ALSO PARTNERS WITH SOCIAL ENTREPRENEURS AND OTHER CROSS-SECTOR LEADERS TO SHIFT HOW GOVERNMENT AND PHILANTHROPY PURSUE SOCIAL CHANGE TO ENSURE THAT ALL PEOPLE CAN THRIVE. SINCE ITS FOUNDING IN 1998, NEW PROFIT HAS INVESTED OVER $325M IN 165+ ORGANIZATIONS AND, THROUGH THE AMERICA FORWARD COALITION'S COLLECTIVE ADVOCACY EFFORTS, HAS UNLOCKED OVER $1.7B IN GOVERNMENT FUNDING FOR SOCIAL INNOVATION. |
| FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: | PORTFOLIO INVESTING - SOCIAL ENTREPRENEURS WE STAND SHOULDER-TO-SHOULDER WITH SOCIAL ENTREPRENEURS IN SUPPORT OF THEIR VISION, WITH A SPECIFIC FOCUS ON HELPING THEM BUILD THE CAPACITY OF THEIR ORGANIZATIONS, WHICH IS KEY TO STRENGTHENING THEIR LONG-TERM IMPACT AND SUSTAINABILITY. WE ARE COMMITTED TO BACKING SOCIAL ENTREPRENEURS WHO CENTER EQUITY IN THEIR WORK AND WHO ARE PROXIMATE TO THE COMMUNITIES WE COLLECTIVELY AIM TO SERVE. PROXIMATE LEADERS BRING SKILLS, INSIGHTS, RELATIONSHIPS, AND EXPERTISE THAT OUR SOCIETY NEEDS TO ADVANCE EQUITABLE WELLBEING. OUR BIGGEST SOCIETAL CHALLENGES ARE COMPLEX AND INTERCONNECTED, SO WE BELIEVE PROGRESS DEPENDS ON INVESTING IN A BROAD RANGE OF ISSUE AREAS. WE PROVIDE TWO LEVELS OF FUNDING AND STRATEGIC SUPPORT TO ORGANIZATIONS IN OUR PORTFOLIO: "BUILD INVESTMENTS AND "CATALYZE INVESTMENTS." THROUGH OUR BUILD INVESTMENTS, WE PROVIDE GRANTEE-PARTNERS A $1M+ MULTI-YEAR, UNRESTRICTED GRANT AND DEEP ADVISORY SUPPORT. A DEDICATED NEW PROFIT DEAL PARTNER 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 CAPACITY OF SOCIAL ENTREPRENEURS AND THEIR ABILITY TO MAKE STRATEGIC CHOICES AS THEY NAVIGATE CHANGE AND GROWTH. THOUGH OUR CATALYZE INVESTMENTS, WE PROVIDE $100K-$200K UNRESTRICTED GRANTS, STRATEGIC ADVICE, AND A PEER LEARNING COMMUNITY OVER ONE TO TWO YEARS TO CATALYZE THE INNOVATIONS OF ORGANIZATIONS WITH LEADERS AND FOCUS AREAS THAT HAVE BEEN HISTORICALLY UNDERINVESTED IN BY PHILANTHROPY. OUR COHORT MODEL ENABLES THE SOCIAL ENTREPRENEURS TO FORM A PEER LEARNING COMMUNITY, WHICH OFFERS AN OPPORTUNITY FOR THEM TO CONNECT, GIVE ADVICE AND SUPPORT TO EACH OTHER, AND PARTICIPATE IN A SERIES OF IN-PERSON AND VIRTUAL CONVENINGS STRUCTURED AROUND TACKLING KEY LEADERSHIP AND ORGANIZATIONAL CHALLENGES THEY FACE IN ORDER TO DEEPEN THEIR IMPACT AND SCALE THEIR MODELS. OUR GRANTEE-PARTNERS ARE DRIVING IMPACT IN EDUCATION, HEALTH, ECONOMIC MOBILITY, CRIMINAL JUSTICE, AND CIVIC ENGAGEMENT. 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. 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. WELLBEING IN EDUCATION (2020-2024) WAS LAUNCHED IN 2020 TO INVEST IN ORGANIZATIONS THAT ACTIVELY ADVANCE THE WELLBEING OF THEIR CONSTITUENTS AS A PRIMARY ELEMENT OF THEIR MODEL. THIS INCLUDES INVESTING IN ORGANIZATIONS THAT PROVIDE: SOCIAL EMOTIONAL LEARNING FOR YOUNG PEOPLE, EDUCATORS, AND/OR FAMILIES; MENTAL HEALTH SUPPORTS TO ASSIST STUDENTS, AND; ONGOING WELLBEING SUPPORTS FOR YOUNG PEOPLE, EDUCATORS, AND FAMILIES AS THEY NAVIGATE A VARIETY OF CHALLENGES - PERSONAL AND EDUCATIONAL - WHILE ESTABLISHING A 'NEW NORMAL'. THE EQUITABLE EDUCATION RECOVERY INITIATIVE (2021-2024) LAUNCHED ITS OPEN APPLICATION CYCLE IN 2021, THOUGH THE FIRST GRANTS WERE MADE IN 2022. EERI WILL PROVIDE $200K IN CATALYTIC, UNRESTRICTED FUNDING TO 24 ORGANIZATIONS WORKING ACROSS THREE METRO REGIONS IN THE UNITED STATES FOCUSING ON MATH/ELA TUTORING, WHOLE CHILD SUPPORTS, AND/OR POSTSECONDARY ADVISING TO K-12 STUDENTS. OTHER UNLOCKED FUTURES (2017-2021) LAUNCHED IN 2017 AS A PARTNERSHIP BETWEEN NEW PROFIT AND JOHN LEGEND'S FREEAMERICA WITH FOUNDING SUPPORT FROM BANK OF AMERICA, AS PART OF THE LATTER'S BROADER FOCUS ON REMOVING BARRIERS TO SUCCESS FOR VULNERABLE POPULATIONS. EIGHT SOCIAL ENTREPRENEURS FROM ACROSS AMERICA WHO FOUNDED MISSION-DRIVEN ORGANIZATIONS WERE SELECTED TO BE PART OF THE SECOND COHORT, AND EACH IS WORKING TO BREAK DOWN BARRIERS TO SUCCESSFUL REENTRY INTO SOCIETY FOR MILLIONS OF PEOPLE RETURNING FROM INCARCERATION AND TO REFORM THE CRIMINAL JUSTICE SYSTEM OVERALL. CIVIC LAB (2019-2024) LAUNCHED IN 2019 WITH THE AIM TO INVEST IN 30 NONPARTISAN DEMOCRACY ORGANIZATIONS BY 2024 IN ORDER TO ADDRESS THE CRISIS OF CIVIC TRUST IN AMERICA AND THE LACK OF PHILANTHROPIC INVESTMENT IN OUR DECLINING CIVIC INFRASTRUCTURE. IN ITS INAUGURAL YEAR, CIVIC LAB INVESTED IN SEVEN LEADING DEMOCRACY ORGANIZATIONS THAT ADDRESS DEMOCRACY-RELATED ISSUES FROM THE LACK OF ENDURING INFRASTRUCTURE TO BUILD CIVIC POWER TO AN OPAQUE AND ELITE-DOMINATED POLITICAL AND POLICY INDUSTRY, TO NARRATIVE AND PRACTICES THAT REINFORCE SYSTEMIC RACISM. POSTSECONDARY INNOVATIONS FOR EQUITY (2020-2025) LAUNCHED IN 2020 TO SUPPORT INNOVATORS THAT ARE BUILDING EVIDENCE BEHIND NEW APPROACHES TO CONNECTING YOUNG ADULTS FROM LOW-INCOME COMMUNITIES WITH THE POSTSECONDARY CREDENTIALS AND WORK EXPERIENCE NEEDED TO ACCESS UPWARDLY MOBILE CAREERS. AN INITIATIVE OF LEARN TO EARN, NEW PROFIT'S POSTSECONDARY AND CAREER STRATEGY, PIE IS A TWO-PHASE EFFORT. THE FIRST 20 GRANTEE-PARTNERS WILL BE ELIGIBLE FOR THE SECOND PHASE OF THE PIE INITIATIVE, SLATED FOR LAUNCH IN 2021, IN WHICH SELECTED ORGANIZATIONS WILL EACH RECEIVE $1 MILLION BUILD INVESTMENTS FROM NEW PROFIT OVER FOUR YEARS TO FURTHER ADVANCE AND SCALE THEIR IMPACT. EDCATALYST (2020-2021) IS AN INITIATIVE TO SUPPORT A SET OF HIGH POTENTIAL ORGANIZATIONS SPEARHEADING INNOVATION IN K-16 EDUCATION AND BEYOND ON THEIR CAPACITY BUILDING TO ACCELERATE THEIR GROWTH AND POTENTIAL FOR SCALED IMPACT. THE ORGANIZATIONS AND THEIR VISIONARY LEADERS ARE WORKING DIRECTLY ON ADVANCING EDUCATIONAL EQUITY FOR LEARNERS FROM HISTORICALLY UNDERSERVED POPULATIONS, FROM ENGLISH LANGUAGE LEARNERS TO FIRST-GENERATION COLLEGE STUDENTS. |
| FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: | SYSTEMIC SOLUTIONS INITIATIVE SSI 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 HAS KEY THREE OBJECTIVES IN SUPPORT OF THIS GOAL: (1) IDENTIFY AND INVEST IN PROMISING "SYSTEM ENTREPRENEURS" WHO HAVE THE POTENTIAL TO CREATE NATIONALLY SIGNIFICANT SYSTEMIC IMPACT; (2) DEVELOP FRAMEWORKS AND TOOLS NEEDED TO ADVISE AND SCALE HIGH-POTENTIAL SYSTEMS CHANGE INITIATIVES; AND (3) FOSTER A LEARNING COMMUNITY OF LIKE-MINDED SYSTEMS CHANGE ACTORS (E.G., FUNDERS, ENTREPRENEURS, AND PRACTITIONERS). IN ADDITION TO MAKING INVESTMENTS IN SYSTEMS ENTREPRENEURS AND THEIR ORGANIZATIONS, THE SSI TEAM FACILITATES A GROWING LEARNING COMMUNITY OF OVER 50 SYSTEMS CHANGE LEADERS - INCLUDING ENTREPRENEURS, FUNDERS, AND PRACTITIONERS - WHO ENGAGE IN COLLABORATIVE DISCUSSIONS TO BUILD THE FIELD'S UNDERSTANDING OF THE WORK OF SYSTEMS CHANGE AND THE CAPABILITIES REQUIRED. THE LEARNING COMMUNITY REGULARLY MEETS FOR IN-PERSON WORKING SESSIONS TO DISCUSS PROBLEMS OF PRACTICE AND ARE ACTIVE THOUGHT PARTNERS TO THE SSI TEAM. EARLY CHILDHOOD SUPPORT ORGANIZATION INITIATIVE THROUGH THE EARLY CHILDHOOD SUPPORT ORGANIZATION (ECSO) INITIATIVE, WE ARE WORKING TO PROVIDE RESOURCES AND ALIGN FINANCIAL INCENTIVES TO SUPPORT BETTER EARLY EDUCATION OUTCOMES FOR CHILDREN FROM LOW-INCOME COMMUNITIES. ECSO IS A $20M PUBLIC-PRIVATE PARTNERSHIP BETWEEN NEW PROFIT AND THE COMMONWEALTH OF MASSACHUSETTS DEPARTMENT OF EARLY EDUCATION AND CARE (EEC). 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. |
| FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: | PORTFOLIO INVESTING - PORTFOLIO PERFORMANCE & SUPPORT NEW PROFIT ASSUMES A VARIETY OF ROLES INCLUDING WITH GRANTEE-PARTNERS INCLUDING ADVISOR, COACH, AND BOARD MEMBER IN ORDER TO PROVIDE STRATEGIC GUIDANCE GEARED TOWARDS BUILDING ORGANIZATIONS' KEY CAPABILITIES. WE BELIEVE THAT INCREASES IN THESE CAPABILITIES - INCLUDING LEADERSHIP, IMPACT MODEL, STRATEGIC MANAGEMENT AND PLANNING, AND ECONOMIC MODEL - ARE THE NECESSARY FOUNDATION FOR IMPACT, SCALE, AND REACH AND SUSTAINABILITY, IN THE LONG-TERM. THROUGHOUT THE INVESTMENT PERIOD, NEW PROFIT ALSO INVITES GRANTEE-PARTNERS AND ALUMNI TO TAKE PART IN CONVENINGS THAT BRING TOGETHER PEER ORGANIZATIONS, FIELD EXPERTS, AND PHILANTHROPIC PLAYERS FROM ACROSS OUR NATIONAL NETWORK. |
| 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 IN THE FOURTH QUARTER OF THE YEAR. 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 (CO-CEOS VANESSA KIRSCH AND TULAINE MONTGOMERY, COO DOUG BORCHARD, AND MANAGING PARTNER [KEY EMPLOYEE] ELIZA GREENBERG) 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 WITH COMPARABLE ORGANIZATIONS, AN ASSESSMENT OF NEW PROFIT'S PERFORMANCE AGAINST GOALS FOR THE PREVIOUS FISCAL YEAR, AND PERFORMANCE ASSESSMENTS FOR EACH APPROPRIATE MEMBER OF THE EXECUTIVE TEAM, INCLUDING A SELF-ASSESSMENT. MANAGEMENT MEETS WITH THE COMPENSATION COMMITTEE TO DISCUSS THE MATERIAL PROVIDED. THE COMPENSATION COMMITTEE THEN MEETS INDEPENDENTLY TO DETERMINE COMPENSATION. COMPENSATION FOR THE CFO IS DETERMINED BY THE EXECUTIVE TEAM. |
| 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 4,551,966. MANAGEMENT AND GENERAL EXPENSES 172,544. FUNDRAISING EXPENSES 264,189. TOTAL EXPENSES 4,988,699. |
| FORM 990, PART XI, LINE 9: | CANCELLED COMMITMENTS RECEIVABLE -10,000. PROVISION FOR UNCOLLECTIBLE COMMITMENTS -157,244. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |