2022-11-11T13:58:26-06:00 2021-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-01-01 043396766 NEW PROFIT INC NEWP 6179128800 99 BEDFORD STREET 500 BOSTON MA 02111 DOUG BORCHARD MANAGING DIRECTOR AND COO 6179128800 2022-09-21 1 DOUG BORCHARD XXX-XX-XXXX MATTHEW HUTT CPA P01070603 5083669100 2022-09-21 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X DOUG BORCHARD 99 BEDFORD STREET 500 BOSTON MA 02111 77118974 0 X WWW.NEWPROFIT.ORG X 1997 MA 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. 20 20 84 20 0 0 20430328 77008557 949927 101731 101343 8686 319 0 21481917 77118974 13525000 10306000 0 0 10295444 10531823 23226 224521 2418859 7541107 6418333 31384777 27480677 -9902860 49638297 64312700 113525114 851592 592953 63461108 112932161 X SEE SCHEDULE O. 0 0 8846418 4620000 101731 SEE SCHEDULE O. 9957184 5686000 SEE SCHEDULE O. 368363 SEE SCHEDULE O. 3123111 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. 3123111 22295076 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 99 0 1 84 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY CA FL WA X IAN MAGEE CFO 6179128808 99 BEDFORD STREET 500 BOSTON MA 02111 VANESSA KIRSCH FOUNDER AND CO-CEO 45.00 X 383163 0 29895 DEBORAH SMOLOVER MANAGING PARTNER, ED OF AMERICA FORWARD 45.00 X 332359 0 28503 TULAINE MARSHALL CO-CEO 45.00 X 326869 0 10200 ELIZA GREENBERG MANAGING PARTNER 45.00 X 268906 0 21903 DOUGLAS BORCHARD MANAGING PARTNER, CHIEF OPERATING OFFICER 45.00 X 274329 0 7689 KIMBERLY SYMAN MANAGING PARTNER 45.00 X 247245 0 29895 ALEXANDER CORTEZ MANAGING PARTNER 45.00 X 250035 0 12735 IAN MAGEE MANAGING PARTNER, CHIEF FINANCIAL OFFICER 45.00 X 240498 0 16200 TREVOR BROWN MANAGING PARTNER 45.00 X 246425 0 8289 SHRUTI SEHRA MANAGING PARTNER 45.00 X 236295 0 16200 JEFFREY WALKER CHAIRMAN 1.00 X X 0 0 0 STEVE BARNES DIRECTOR 1.00 X 0 0 0 JOSH BEKENSTEIN DIRECTOR 1.00 X 0 0 0 KERWIN CHARLES DIRECTOR 1.00 X 0 0 0 SAM COBBS DIRECTOR 1.00 X 0 0 0 ALISA DOCTOROFF DIRECTOR 1.00 X 0 0 0 DAVID GERGEN DIRECTOR 1.00 X 0 0 0 STACY JANIAK DIRECTOR 1.00 X 0 0 0 STEVE JENNINGS DIRECTOR 1.00 X 0 0 0 WENDY KOPP DIRECTOR 1.00 X 0 0 0 MATT LEVIN DIRECTOR 1.00 X 0 0 0 HENRY MCCANCE DIRECTOR 1.00 X 0 0 0 DUNCAN MCFARLAND DIRECTOR 1.00 X 0 0 0 VALERIE MOSLEY DIRECTOR 1.00 X 0 0 0 KRISTIN MUGFORD DIRECTOR 1.00 X 0 0 0 MARK NUNNELLY DIRECTOR 1.00 X 0 0 0 JAMES PALLOTTA DIRECTOR 1.00 X 0 0 0 JOHN RICE DIRECTOR 1.00 X 0 0 0 BRIAN SPECTOR DIRECTOR 1.00 X 0 0 0 VENKAT SRINIVASAN DIRECTOR 1.00 X 0 0 0 2806124 0 181509 40 0 1 0 VOLITION LLC 3 SOUTH BROOK ROAD LINCOLN MA 01771 PORTFOLIO AND STRATEGY CONSULTING 360000 EVALUATION STRATEGY LLC 5019 RENO RD NW WASHINGTON DC 20008 EVALUATION AND PORTFOLIO SUPPORT 232500 JEFF NELSON 1135 MOREHEAD CT ANN ARBOR MI 48103 PORTFOLIO AND FUNDRAISING STRATEGY 217184 HELAYNE B JONES 840 6TH STREET BOULDER CO 80302 STRATEGY ADVISOR AND DEAL SUPPORT 170400 IMPELLO VENTURES 4237 E HIGHLANDS DR PARADISE VALLEY AZ 85253 STRATEGY ADVISOR AND DEAL SUPPORT 137500 6 77008557 2468121 77008557 NETWORKING EVENT FEES 900099 101731 101731 101731 8686 8686 77118974 101731 0 8686 X 10306000 10306000 1593919 613645 701359 278915 7271026 4872447 1284381 1114198 179858 118389 33504 27965 906306 585160 181853 139293 580714 361207 128449 91058 46557 46557 45313 45313 224521 224521 4988699 4551966 172544 264189 50494 30357 9230 10907 839929 495051 147562 197316 37232 24036 10435 2761 166577 113811 1452 51314 15018 15018 RECRUITING AND TALENT 169046 153445 1317 14284 MISCELLANEOUS 59468 24249 33081 2138 27480677 22295076 2766742 2418859 3602138 9748112 20496838 57385162 39871809 46004320 326897 387520 0 15018 64312700 113525114 851592 592953 851592 592953 X 8169982 25357269 55291126 87574892 63461108 112932161 64312700 113525114 X 49638297 -167244 X X 0 1 X 1 0 X 16115471 27482118 46371399 20430328 77008557 187407873 16115471 27482118 46371399 20430328 77008557 187407873 42450703 144957170 80345 272169 395367 101343 8686 857910 1782 5751 5009 319 12861 188278644 2266126 0.76990 0.68240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1000000 1000000 4000000 6000000 28654 23667 44244 45313 141878 250000 250000 250000 250000 1000000 1500000 0 X 79337758 2386028 -167244 2218784 77118974 0 77118974 29866705 2386028 2386028 27480677 0 27480677 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. 1 WILLIAM JACKSON 3729 22ND STREET SAN FRANCISCO CA 94114 CONSULTING ON FUNDRAISING STRATEGY 0 0 75075 -75075 JEFFREY NELSON 1135 MOREHEAD STREET ANN ARBOR MI 48103 CONSULTING ON FUNDRAISING STRATEGY 0 0 102396 -102396 JEFFREY BERNDT 5025 THATCHER RD OJAI CA 93023 CONSULTING ON FUNDRAISING STRATEGY 0 0 45000 -45000 222471 -222471 MA CA NY FL WA 1 40 SCHOOLS 612 ANDREW HIGGENS 3RD FLOOR NEW ORLEANS LA 70130 273474661 501(C)3 250000 0 PROGRAM EXPANSION ACSET AREA COMMUNITY SERVICES EMPLOYMENT & TRAINING COUNCIL 1550 LEONARD ST NE GRAND RAPIDS MI 49505 382631431 501(C)3 135000 0 PROGRAM EXPANSION ARTS2WORK 1919 SOUTH SYRINGA RD SPOKANE WA 99203 133044606 501(C)3 80000 0 PROGRAM EXPANSION BELOVED COMMUNITY CENTER PO BOX 875 GREENSBORO NC 27402 561877250 501(C)3 250000 0 PROGRAM EXPANSION BENJAMIN FRANKLIN INSTITUTE OF TECHNOLOGY 41 BERKELEY ST BOSTON MA 02116 042103572 501(C)3 135000 0 PROGRAM EXPANSION BEYOND12 EDUCATION 1625 CLAY ST OAKLAND CA 94612 271275246 501(C)3 250000 0 PROGRAM EXPANSION BIG PICTURE LEARNING 97 WOOD MANOR LN CLAYTON NC 27528 050485883 501(C)3 60000 0 PROGRAM EXPANSION BLACK BELT COMMUNITY FOUNDATION PO BOX 2020 SELMA AL 36702 631270745 501(C)3 12000 0 PROGRAM EXPANSION BLACK LEADERS ORGANIZING FOR COMMUNITIES (BLOC) (THROUGH SPONSOR TIDES FOUN 1014 TORNEY AVE SAN FRANCISCO CA 94129 510198509 501(C)3 100000 0 PROGRAM EXPANSION BRAVEN 171 NORTH ABERDEEN ST SUITE 400 CHICAGO IL 60607 464340594 501(C)3 250000 0 PROGRAM EXPANSION CAPITAL WORKFORCE PARTNERS INC 1 UNION PL HARTFORD CT 06103 061013293 501(C)3 135000 0 PROGRAM EXPANSION CENTRO COMMUNITY PARTNERS 825 WASHINGTON ST SUITE 228 OAKLAND CA 94607 452992960 501(C)3 80000 0 PROGRAM EXPANSION CHILDREN'S LITERACY INITIATIVE 990 SPRING GARDEN ST SUITE 400 PHILADELPHIA PA 19123 232515768 501(C)3 300000 0 PROGRAM EXPANSION COLLABORATIVE FOR ACADEMIC SOCIAL AND EMOTIONAL LEARNING 815 WEST VAN BUREN ST SUITE 210 CHICAGO IL 60607 205884201 501(C)3 250000 0 PROGRAM EXPANSION COMMUNITY FOUNDATION FOR GREATER DUBUQUE 700 LOCUST ST SUITE 195 DUBUQUE IA 52001 421526614 501(C)3 12000 0 PROGRAM EXPANSION ENVISION EDUCATION 111 MYRTLE ST SUITE 202 OAKLAND CA 94607 943394659 501(C)3 250000 0 PROGRAM EXPANSION EQUAL OPPORTUNITY SCHOOLS 5601 6TH AVE S 258 SEATTLE WA 98108 371609659 501(C)3 250000 0 PROGRAM EXPANSION FOUNDATION FOR APPALACHIAN KENTUCKY 420 MAIN ST HAZARD KY 41701 611329396 501(C)3 12000 0 PROGRAM EXPANSION GIRLTREK 3933 PARK AVE FAIRFIELD CT 06825 061811886 501(C)3 400000 0 PROGRAM EXPANSION HAMPTON ROADS WORKFORCE FOUNDATION 999 WATERSIDE DR SUITE 1314 NORFOLK VA 23510 202957424 501(C)3 135000 0 PROGRAM EXPANSION HIGHLANDER INSTITUTE 166 VALLEY ST BLDG 31 SUITE 101 PROVIDENCE RI 02909 223115046 501(C)3 60000 0 PROGRAM EXPANSION INACOL 1934 OLD GALLOWS RD SUITE 350 VIENNA VA 22182 200310109 501(C)3 60000 0 PROGRAM EXPANSION INSTITUTE FOR EARLY EDUCATION LEADERSHIP AND INNOVATION AT UMASS BOSTON 100 MORRISSEY BLVD BOSTON MA 02125 043167352 HIGHER EDUCATION 300000 0 PROGRAM EXPANSION INSTRUCTION PARTNERS 604 GALLATIN AVE STE 202 NASHVILLE TN 37206 475380182 501(C)3 250000 0 PROGRAM EXPANSION KINGMAKERS OF OAKLAND 745 ARIMO AVE OAKLAND CA 94610 384105767 501(C)3 500000 0 PROGRAM EXPANSION LASTINGER CENTER AT UNIVERSITY OF FLORIDA SUITE 1250 EAST CAMPUS OFFICE BLDG PO BOX 113201 GAINESVILLE FL 32611 596002052 HIGHER EDUCATION 300000 0 PROGRAM EXPANSION LIBERATION VENTURES (THROUGH SPONSOR POLICYLINK) 1438 WEBSTER ST SUITE 303 OAKLAND CA 94612 943297479 501(C)3 100000 0 PROGRAM EXPANSION NEXT100 (THROUGH FISCAL AGENT CENTURY FOUNDATION) 1 WHITEHALL ST 15TH FLOOR NEW YORK NY 10004 131624235 501(C)3 100000 0 PROGRAM EXPANSION PAY OUR INTERNS 1001 PENNSYLVANIA AVE NW SUITE 711 WASHINGTON DC 20004 815324800 501(C)3 100000 0 PROGRAM EXPANSION PIVOT 1300 CLAY ST SUITE 600 OAKLAND CA 94612 943227655 501(C)3 250000 0 PROGRAM EXPANSION POWERMYLEARNING 520 8TH AVE 10TH FLOOR NEW YORK NY 10018 133935309 501(C)3 60000 0 PROGRAM EXPANSION RISE EDUCATION FUND 820 KODAK DR LOS ANGELES CA 90026 843954465 501(C)3 100000 0 PROGRAM EXPANSION SAGA EDUCATION 10 LAUDHOLD RD NEWTON MA 02458 472168942 501(C)3 250000 0 PROGRAM EXPANSION SAN DIEGO WORKFORCE PARTNERSHIP INC 9246 LIGHTWAVE AVE SUITE 210 SAN DIEGO CA 92123 330660504 501(C)3 135000 0 PROGRAM EXPANSION SHE THE PEOPLE (THROUGH SPONSOR POWERPAC) 268 BUSH ST 2727 SAN FRANCISCO CA 94104 262215714 501(C)3 100000 0 PROGRAM EXPANSION SPRINGBOARD COLLABORATIVE 2 PENN CENTER STE 1315 1500 JFK BLVD PHILADELPHIA PA 19102 453719806 501(C)3 250000 0 PROGRAM EXPANSION SURVEILLANCE TECHNOLOGY OVERSIGHT PROJECT INC (STOP) 40 RECTOR ST 9TH FLOOR NEW YORK NY 10006 833646415 501(C)3 100000 0 PROGRAM EXPANSION THE HEALTH INITIATIVE 200 CLARENDON ST 44TH FLOOR BOSTON MA 02116 831490111 501(C)3 400000 0 PROGRAM EXPANSION THE LAST MILE 44 TEHAMA ST SAN FRANCISCO CA 94105 462899930 501(C)3 80000 0 PROGRAM EXPANSION THE LEARNING ACCELERATOR 167 HAMILTON AVE PRINCETON NJ 08540 461059054 501(C)3 60000 0 PROGRAM EXPANSION THINK OF US 88 PINE ST NEW YORK NY 10005 821157215 501(C)3 250000 0 PROGRAM EXPANSION TRANSCEND 159 LINCOLN AVE HASTINGSONHUDSON NY 10706 300878820 501(C)3 60000 0 PROGRAM EXPANSION URBAN ALLIANCE 2030 Q ST NW WASHINGTON DC 20009 521938443 501(C)3 250000 0 PROGRAM EXPANSION VALOR COLLEGIATE ACADEMIES 4527 NOLENSVILLE PIKE NASHVILLE TN 37211 461413472 501(C)3 60000 0 PROGRAM EXPANSION WORKFORCE SOLUTIONS GREATER DALLAS 500 NORTH AKARD ST SUITE 3030 DALLAS TX 75201 751924974 501(C)3 135000 0 PROGRAM EXPANSION XPRIZE FOUNDATION 800 CORPORATE POINTE SUITE 350 CULVER CITY CA 90230 521876879 501(C)3 2400000 0 PRIZE AWARD ZEARN 261 W 35TH ST 15 FL NEW YORK NY 10001 371665745 501(C)3 250000 0 PROGRAM EXPANSION 45 2 PART I, LINE 2: "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." X X X 1 0 0 0 0 0 0 0 0 VANESSA KIRSCH FOUNDER AND CO-CEO 342213 0 40950 0 0 0 6000 0 23895 0 413058 0 0 0 DEBORAH SMOLOVER MANAGING PARTNER, ED OF AMERICA FORW 332359 0 0 0 0 0 6000 0 22503 0 360862 0 0 0 TULAINE MARSHALL CO-CEO 326869 0 0 0 0 0 0 0 10200 0 337069 0 0 0 ELIZA GREENBERG MANAGING PARTNER 268906 0 0 0 0 0 0 0 21903 0 290809 0 0 0 DOUGLAS BORCHARD MANAGING PARTNER, CHIEF OPERATING OF 274329 0 0 0 0 0 6000 0 1689 0 282018 0 0 0 KIMBERLY SYMAN MANAGING PARTNER 247245 0 0 0 0 0 6000 0 23895 0 277140 0 0 0 ALEXANDER CORTEZ MANAGING PARTNER 139724 0 0 0 110311 0 6000 0 6735 0 262770 0 0 0 IAN MAGEE MANAGING PARTNER, CHIEF FINANCIAL OF 240498 0 0 0 0 0 6000 0 10200 0 256698 0 0 0 TREVOR BROWN MANAGING PARTNER 246425 0 0 0 0 0 6000 0 2289 0 254714 0 0 0 SHRUTI SEHRA MANAGING PARTNER 236295 0 0 0 0 0 6000 0 10200 0 252495 0 0 0 PART I, LINE 4A ALEXANDER CORTEZ, $110,311 CHRISTOPHER GERGEN SON OF BOARD MEMBER 21000 CONSULTING SERVICES PAID TO FORWARD IMPACT SOLUTIONS IN 2021 0 X 3 2468121 FAIR MARKET VALUE 0 0 0 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.