2025-07-16T14:25:42-05:00 2024-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-01-01 043396766 NEW PROFIT INC NEWP 6179128800 99 BEDFORD STREET 500 BOSTON MA 02111 DOUG BORCHARD MANAGING PARTNER, COO 6179128800 2025-07-15 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2025-07-15 2024 2025-03-06 01:10:19Z DOUG BORCHARD 99 BEDFORD STREET 500 BOSTON MA 02111 33625326 0 X WWW.NEWPROFIT.ORG X 1997 MA NEW PROFIT IS A VENTURE PHILANTHROPY ORGANIZATION THAT CATALYZES THE IMPACT OF SOCIAL ENTREPRENEURS WHO ARE EXPANDING ACCESS AND OPPORTUNITY IN AMERICA. WE PROVIDE CAPITAL, CAPACITY, AND COMMUNITY TO A PORTFOLIO OF ORGANIZATIONS TO INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. AND WE PARTNER WITH SOCIAL ENTREPRENEURS, PHILANTHROPISTS, AND CROSS-SECTOR LEADERS TO SHIFT HOW THE PHILANTHROPIC SECTOR PURSUES SOCIAL CHANGE AND ENSURES THAT EVERYONE IN AMERICA CAN THRIVE. SINCE 1998, NEW PROFIT HAS INVESTED OVER $350M IN 275+ HIGH-IMPACT ORGANIZATIONS SERVING MORE THAN 35 MILLION PEOPLE IN ALL 50 STATES. 20 18 99 21 0 0 71496194 29503554 105877 109958 3271689 4011814 0 0 74873760 33625326 17096668 16880857 0 0 15104593 16511053 0 0 3408267 8388674 10357003 40589935 43748913 34283825 -10123587 130066105 120251296 1720882 2031563 128345223 118219733 X SEE SCHEDULE O. 0 0 13345762 9500000 109958 SEE SCHEDULE O. 10440866 621690 SEE SCHEDULE O. 4879159 4416667 SEE SCHEDULE O. 4577736 2342500 PORTFOLIO CATALYZE THROUGH OUR CATALYZE INVESTMENTS, WE PROVIDE $100K UNRESTRICTED GRANTS, STRATEGIC ADVICE, AND A PEER LEARNING COMMUNITY OVER ONE TO TWO YEARS. OUR COHORT-BASED MODEL ENABLES SOCIAL ENTREPRENEURS TO BUILD COMMUNITY WITH PEERS AND PARTICIPATE IN A SERIES OF IN-PERSON CONVENINGS AND WEBINARS. THIS PROGRAMMING IS DESIGNED TO SUPPORT ORGANIZATIONS DEEPENING THEIR IMPACT AND SCALING THEIR MODELS BY TACKLING KEY LEADERSHIP AND ORGANIZATIONAL CHALLENGES THEY FACE.OUR GRANTEES ARE DRIVING IMPACT IN EDUCATION, HEALTH, CRIMINAL JUSTICE REFORM, DEMOCRACY, AND ECONOMIC MOBILITY. 1235636 PORTFOLIO - PORTFOLIO PERFORMANCE & SUPPORTNEW PROFIT ASSUMES A VARIETY OF ROLES WITH GRANTEES 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 SUSTAINABILITY, IN THE LONG-TERM. THROUGHOUT THE GRANT TERM, NEW PROFIT ALSO INVITES GRANTEES AND ALUMNI TO TAKE PART IN CONVENINGS THAT BRING TOGETHER PEER ORGANIZATIONS, FIELD EXPERTS, AND PHILANTHROPIC PLAYERS FROM ACROSS OUR NATIONAL NETWORK. 5813372 2342500 34479159 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 96 0 1 99 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 18 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 AL AK CO KS ME MD MI MS NJ NC ND PA RI TN WV SC X X DOUG BORCHARD COO 6179128800 99 BEDFORD STREET 500 BOSTON MA 02111 TULAINE MONTGOMERY CEO 45.00 X X 523644 0 17045 VANESSA KIRSCH FOUNDER IN RESIDENCE AND SENIOR PARTNER 45.00 X X 361450 0 34721 STEVE JENNINGS CHAIRMAN 1.00 X X 0 0 0 STEVE BARNES DIRECTOR (UNTIL 5/2024) 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 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 KWASI MITCHELL DIRECTOR 1.00 X 0 0 0 VALERIE MOSLEY DIRECTOR (UNTIL 10/2024) 1.00 X 0 0 0 KRISTIN MUGFORD DIRECTOR 1.00 X 0 0 0 MARK NUNNELLY DIRECTOR (UNTIL 5/2024) 1.00 X 0 0 0 DEBORAH QUAZZO 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 JEFFREY WALKER DIRECTOR 1.00 X 0 0 0 DOUGLAS BORCHARD MANAGING PARTNER, COO 45.00 X 345173 0 21002 IAN MAGEE MANAGING PARTNER, CFO 45.00 X 274268 0 17036 ELIZA GREENBERG PRESIDENT 45.00 X 342703 0 27282 GIA TRUONG MANAGING PARTNER, EQUITY & PROXIMITY 45.00 X 248766 0 34707 MATRIKA BAILEY-TURNER CHIEF OF STAFF 45.00 X 169016 0 10874 DAVID LEVY SENIOR ADVISOR 45.00 X 359965 0 8168 DEBORAH SMOLOVER MANAGING PARTNER,ED OF AMERICA FORWARD 45.00 X 338948 0 33283 SHRUTI SEHRA MANAGING PARTNER,ECOSYSTEM BUILDING AND EDUCATION 45.00 X 248261 0 17026 SHAWN DOVE MANAGING PARTNER,ECOSYSTEM BUILDING 45.00 X 245522 0 28707 DERREK SHULMAN PARTNER, SENIOR PHILANTHROPIC ADVISOR 45.00 X 231658 0 34704 3689374 0 284555 61 0 1 0 SUSAN ASIYANBI DBA O PRACTICE LLC 1474 S PRARIE AVE UNIT B CHICAGO IL 60605 LEADERSHIP COACHING 481875 LANCE POTTER DBA EVALUATION STRATEGY LL 5019 RENO RD NW WASHINGTON DC 20008 EVALUATION AND PORTFOLIO SUPPORT 267750 MCPHERSON STRATEGIES LLC 190 STATE ST 11A BROOKLYN NY 11201 COMMUNICATION STRATEGY & IMPLEMENTATION 249374 JEFF NELSON 1135 MOREHEAD CT ANN ARBOR MI 48103 PORTFOLIO SUPPORT AND STRATEGY 213250 PEOPLE ROCKET LLC 584 CASTRO ST 676 SAN FRANCISCO CA 94114 PIPELINE RESEARCH AND DEVELOPMENT 170000 5 29503554 124949 29503554 NETWORKING EVENT FEES 900099 109958 109958 109958 4011814 4011814 33625326 109958 0 4011814 16880857 16880857 2456498 461047 1624395 371056 11633776 7817943 1845575 1970258 257143 163682 50826 42635 1205105 768927 234664 201514 958531 567728 231456 159347 30000 30000 91830 91830 65578 65578 4312659 3241489 889337 181833 559636 341512 24977 193147 1014572 534077 294119 186376 657370 337828 268649 50893 3215365 3100277 78366 36722 MISCELLANEOUS 236314 114483 107345 14486 RECRUITING AND TALENT 173679 83731 89948 43748913 34479159 5861487 3408267 4338856 679750 69794226 77017456 54569548 41717982 287931 300745 1075544 535363 130066105 120251296 550324 1439845 1170558 591718 1720882 2031563 X 28734657 26285333 99610566 91934400 128345223 118219733 130066105 120251296 X -10123587 -1903 X X 0 1 X 1 0 X 20430328 77008557 21717666 71496194 29503554 220156299 20430328 77008557 21717666 71496194 29503554 220156299 71874698 148281601 101343 8686 278559 3271689 4011814 7672091 319 319 227828709 1427618 0.65080 0.60630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2459 63119 65578 43683335 43748913 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 45313 47659 40348 65578 198898 250000 250000 250000 250000 1000000 1500000 1857 1513 2459 5829 0 OPERATING LEASE LIABILITIES 591718 591718 X 37202046 3578623 -1903 3576720 33625326 0 33625326 47327536 3578623 3578623 43748913 0 43748913 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, 2024. 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 -399,459. PROVISION FOR UNCOLLECTIBLE COMMITMENTS 397,556. 1 AMERICA ON TECH INC 25 BROADWAY 12TH FLOOR NEW YORK NY 10004 465336001 501(C)3 375000 0 PROGRAM EXPANSION AVANCE INC 824 BROADWAY ST SAN ANTONIO TX 78215 741769114 501(C)3 250000 0 PROGRAM EXPANSION BARR CENTER 5115 EXCELSIOR BLVD ST LOUIS PARK MN 55416 825480444 501(C)3 250000 0 PROGRAM EXPANSION BELOVED COMMUNITY CENTER OF GREENSBORO INC PO BOX 875 GREENSBORO NC 27402 561877250 501(C)3 250000 0 PROGRAM EXPANSION BOYS TO MEN TUCSON INC 325 WEST 2ND ST TUSCON AZ 85705 800432852 501(C)3 110000 0 PROGRAM EXPANSION BRAVEN INC 171 N ABERDEEN ST CHICAGO IL 60607 464340594 501(C)3 1666668 0 PROGRAM EXPANSION CARA CHICAGO 237 S DESPLAINES ST CHICAGO IL 60661 364268095 501(C)3 250000 0 PROGRAM EXPANSION CHAINLESS CHANGE INC 4300 N UNIVERSITY DR SUNRISE FL 33351 833657191 501(C)3 5625 0 PROGRAM EXPANSION CITY BUREAU NFP 3619 S STATE ST STE 400 CHICAGO IL 60609 811054499 501(C)3 375000 0 PROGRAM EXPANSION CLOSEGAP 1370 N ST ANDREWS PL LOS 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501(C)3 10000 0 PROGRAM EXPANSION ESQ APPRENTICE PO BOX 24152 OAKLAND CA 94623 473060656 501(C)3 10000 0 PROGRAM EXPANSION FIRSTREPAIR 1900 ASBURY AVE EVANSTON IL 60201 863191322 501(C)3 10000 0 PROGRAM EXPANSION FORMERLY INCARCERATED COLLEGE GRADUATES NETWORK 600 PARK OFFICES DR STE 300 DURHAM NC 27709 832018348 501(C)3 110000 0 PROGRAM EXPANSION FRACTURED ATLAS INC PO BOX 55 HARTSDALE NY 10530 113451703 501(C)3 10000 0 PROGRAM EXPANSION FREEDOM COMMUNITY CENTER 3450 OHIO AVENUE SAINT LOUIS MO 63118 853332122 501(C)3 110000 0 PROGRAM EXPANSION FUTURE CAUCUS 1701 RHODE ISLAND AVE NW WASHINGTON DC 20036 472802851 501(C)3 375000 0 PROGRAM EXPANSION GENERATION CITIZEN 110 WALL ST NEW YORK NY 10005 272039522 501(C)3 375000 0 PROGRAM EXPANSION GENERATION HOPE 1401 OKIE STREET NE STE 300 WASHINGTON DC 20002 273554088 501(C)3 375000 0 PROGRAM EXPANSION GENUNITY INC 36 S MUNROE TERRACE BOSTON MA 02122 871485598 501(C)3 10000 0 PROGRAM EXPANSION GEORGIA RESILIENCE AND OPPORTUNITY FUND 422 GLEN IRIS DRIVE ATLANTA GA 30308 871811721 501(C)3 375000 0 PROGRAM EXPANSION GIRL TREK INCORPORATED 1800 WYOMING AVE NW FLOOR 2 WASHINGTON DC 20009 061811886 501(C)3 1000000 0 PROGRAM EXPANSION GIRLS LEADERSHIP 1675 7TH ST OAKLAND CA 94615 331207431 501(C)3 250000 0 PROGRAM EXPANSION GOOD NATION FOUNDATION INC 100 CROSBY ST NEW YORK NY 10012 814768448 501(C)3 10000 0 PROGRAM EXPANSION GREATER DAYTON UNION COOPERATIVE INITIATIVE (CO-OP DAYTON) 840 GERMANTOWN ST DAYTON OH 45402 813470466 501(C)3 10000 0 PROGRAM EXPANSION HEALING TOGETHER 5111 TELEGRAPH AVE 310 OAKLAND CA 94609 454315806 501(C)3 110000 0 PROGRAM EXPANSION HEALTH IMPACT OHIO 1554 POLARIS PKWY SUITE 325 COLUMBUS OH 43240 510426050 501(C)3 110000 0 PROGRAM EXPANSION HOME IS HERE NOLA 1620 ORETHA CASTLE HALEY BLVD SUITE A NEW ORLEANS LA 70113 883206221 501(C)3 110000 0 PROGRAM EXPANSION INCLUSIVE ACTION FOR THE CITY 2900 E CESAR E CHAVEZ AVE LOS ANGELES CA 90033 270584116 501(C)3 375000 0 PROGRAM EXPANSION INNER CITY COMPUTER STARS FOUNDATION 750 N ORLEANS CHICAGO IL 60654 364253411 501(C)3 250000 0 PROGRAM EXPANSION KENSINGTON CORRIDOR TRUST 3400 J ST PHILADELPHIA PA 19134 842453611 501(C)3 10000 0 PROGRAM EXPANSION L&J EMPOWERMENT 300 S SPRING STREET STE 1004 LITTLE ROCK AR 72201 812177002 501(C)3 110000 0 PROGRAM EXPANSION LATINO BUSINESS FOUNDATION SILICON VALLEY 1652 ALUM ROCK AVE SAN JOSE CA 95116 843419477 501(C)3 10000 0 PROGRAM EXPANSION LEGENDARY LEGACIES INC 40 SOUTHBRIDGE ST STE 200 WORCESTER MA 01609 824456424 501(C)3 110000 0 PROGRAM EXPANSION MARCY LAB INC 829 JEFFERSON AVE 1R BROOKLYN NY 11221 833754699 501(C)3 375000 0 PROGRAM EXPANSION MAYVENN INC 1900 POWELL ST 7TH FLOOR WEWORK EMERYVILLE CA 94608 454811759 C CORPORATION 41690 0 PROGRAM EXPANSION MEMPHIS ARTISTS FOR CHANGE 1540 NETHERWOOD AVE MEMPHIS TN 38106 814207475 501(C)3 10000 0 PROGRAM EXPANSION MOORE IMPACT INC 2590 WELTON ST DENVER CO 80205 844714243 501(C)3 10000 0 PROGRAM EXPANSION NATION OUTSIDE 1420 WASHINGTON BLVD SUITE 301 DETROIT MI 48226 923740015 501(C)3 110000 0 PROGRAM EXPANSION NATIONAL BLACK JUSTICE COLLECTIVE INSTITUTE 99 BLAIR ALLEY SW W356 WASHINGTON DC 20024 922051306 501(C)3 125000 0 PROGRAM EXPANSION NATIONAL LEGAL ADVOCACY NETWORK 1 N LASALLE ST CHICAGO IL 60602 823524198 501(C)3 10000 0 PROGRAM EXPANSION NEW BEGINNINGS REENTRY SERVICES INC 55 ROXBURY ST ROXBURY MA 02119 811525549 501(C)3 5625 0 PROGRAM EXPANSION NEW LEADERS COUNCIL 1050 CONNECTICUT AVE NW WASHINGTON DC 20035 562581640 501(C)3 10000 0 PROGRAM EXPANSION NORTH AMERICAN STUDENTS OF COOPERATION PO BOX 166140 CHICAGO IL 60616 382219436 501(C)3 10000 0 PROGRAM EXPANSION OHIO ORGANIZING COLLABORATIVE 25 E BOARDMAN ST SUITE 428 YOUNGSTOWN OH 44503 261601472 501(C)3 110000 0 PROGRAM EXPANSION ONEGOAL 180 N WABASH AVE CHICAGO IL 60601 562369898 501(C)3 375000 0 PROGRAM EXPANSION OPEN SOURCE WELLNESS 6921 SNOWDON AVENUE EL CERRITO CA 94530 813440555 501(C)3 110000 0 PROGRAM EXPANSION POLICYLINK (DBA LIBERATION VENTURES) 1438 WEBSTER ST SUITE 303 OAKLAND CA 946123228 943297479 501(C)3 375000 0 PROGRAM EXPANSION POSSIBILITY LABS 1410 FRANKLIN ST SAN FRANCISCO CA 91409 853989363 501(C)3 10000 0 PROGRAM EXPANSION POTLIKKER CAPITAL PO BOX 778 ITHACA NY 148510778 852051176 501(C)3 10000 0 PROGRAM EXPANSION PROJECT BASTA 500 7TH AVE NEW YORK NY 10018 815268868 501(C)3 250000 0 PROGRAM EXPANSION PROPEL AMERICA 800 BOYLSTON ST PO BOX 990443 BOSTON MA 02199 831867782 501(C)3 375000 0 PROGRAM EXPANSION RHIZOME ACTION NETWORK INC 1403 NE 82ND ST SEATTLE WA 98115 871985174 501(C)3 10000 0 PROGRAM EXPANSION RREPS INC 3220 BURNTWOOD CIRCLE RALEIGH NC 27610 833745461 501(C)3 110000 0 PROGRAM EXPANSION SHARED AMERICA INC 1101 PENNSYLVANIA AVE NW SUITE 300 WASHINGTON DC 20016 990791070 501(C)3 250000 0 PROGRAM EXPANSION SOCIAL AND ENVIRONMENTAL ENTREPRENEURS 23564 CALABASAS RD SUITE 201 CALABASAS CA 91302 954116679 501(C)3 5625 0 PROGRAM EXPANSION SURGE INSTITUTE 935 W CHESTNUT ST SUITE 515 CHICAGO IL 60642 471995566 501(C)3 375000 0 PROGRAM EXPANSION TALKINGPOINTS 2021 FILLMORE ST 2124 SAN FRANCISCO CA 94115 474616102 501(C)3 250000 0 PROGRAM EXPANSION TEACHING LAB PO BOX 825792 PHILADELPHIA PA 191825792 813546317 501(C)3 250000 0 PROGRAM EXPANSION THE BLACK TEACHER COLLABORATIVE 2170 BOULEVARD GRANADA SW ATLANTA GA 30311 815155921 501(C)3 250000 0 PROGRAM EXPANSION THE CENTER FOR BLACK EDUCATOR DEVELOPMENT 7901 HIDDEN LN ELKINS PARK PA 19027 841814119 501(C)3 375000 0 PROGRAM EXPANSION THE FIND DESIGN 2787 SMITH SPRINGS RD NASHVILLE TN 37217 472471327 501(C)3 20000 0 PROGRAM EXPANSION THE HEALTH INITIATIVE 77A JUNCTION SQUARE DR CONCORD MA 01742 831490111 501(C)3 1000000 0 PROGRAM EXPANSION THE KNOWLEDGE HOUSE FELLOWSHIP INC 79 ALEXANDER AVE SUITE 51A BRONX NY 10454 472747713 501(C)3 250000 0 PROGRAM EXPANSION THE OAKLAND REACH 333 HEGENBERGER ROAD SUITE 425 OAKLAND CA 94621 831289590 501(C)3 375000 0 PROGRAM EXPANSION THE PIVOT FUND INC 504 FAIR STREET NW ATLANTA GA 30313 871460953 501(C)3 10000 0 PROGRAM EXPANSION THE SCHOLARSHIP ACADEMY INC 500 BISHOP ST NW BUILDING B-2 ATLANTA GA 30318 203721836 501(C)3 10000 0 PROGRAM EXPANSION THINK OF US 700 PENNSYLVANIA AVE SE WASHINGTON DC 20003 821157215 501(C)3 250000 0 PROGRAM EXPANSION TIDES CENTER 1012 TORNEY AVENUE SAN FRANCISCO CA 94129 943213100 501(C)3 220000 0 PROGRAM EXPANSION TIDES FOUNDATION PO BOX 889389 LOS ANGELES CA 900889389 510198509 501(C)3 110000 0 PROGRAM EXPANSION TRANSCEND INC 1836 WESTCHESTER AVE PMB 6205 BRONX NY 10472 300878820 501(C)3 750000 0 PROGRAM EXPANSION TRUST NEIGHBORHOODS 1737 WALNUT ST SUITE C KANSAS CITY MO 64108 852544201 501(C)3 10000 0 PROGRAM EXPANSION TURNING TABLES 1810 HASTINGS PL 4 NEW ORLEANS LA 70130 852142226 501(C)3 10000 0 PROGRAM EXPANSION WASHINGTON HOUSING CONSERVANCY INC 1310 L ST NW SUITE 325 WASHINGTON DC 20005 831866109 501(C)3 375000 0 PROGRAM EXPANSION WE ARE BETTER TOGETHER WARREN DANIEL HAIRSTON PROJECT 91 THORNTON ST 1 REAR ROXBURY MA 02119 823856484 501(C)3 110000 0 PROGRAM EXPANSION YOUTH PASSAGEWAYS 1714 FRANKLIN ST 100-337 OAKLAND CA 94612 474750095 501(C)3 60000 0 PROGRAM EXPANSION 82 1 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 0 1 X X X 0 0 0 0 0 0 0 0 0 TULAINE MONTGOMERY CEO 523644 0 0 0 0 0 6000 0 11045 0 540689 0 0 0 VANESSA KIRSCH FOUNDER IN RESIDENCE AND SENIOR PART 361450 0 0 0 0 0 6000 0 28721 0 396171 0 0 0 DEBORAH SMOLOVER MANAGING PARTNER,ED OF AMERICA FORWA 338948 0 0 0 0 0 6000 0 27283 0 372231 0 0 0 ELIZA GREENBERG PRESIDENT 342703 0 0 0 0 0 0 0 27282 0 369985 0 0 0 DAVID LEVY SENIOR ADVISOR 359965 0 0 0 0 0 6000 0 2168 0 368133 0 0 0 DOUGLAS BORCHARD MANAGING PARTNER, COO 345173 0 0 0 0 0 6000 0 15002 0 366175 0 0 0 IAN MAGEE MANAGING PARTNER, CFO 274268 0 0 0 0 0 6000 0 11036 0 291304 0 0 0 GIA TRUONG MANAGING PARTNER, EQUITY & PROXIMITY 248766 0 0 0 0 0 6000 0 28707 0 283473 0 0 0 SHAWN DOVE MANAGING PARTNER,ECOSYSTEM BUILDING 245522 0 0 0 0 0 0 0 28707 0 274229 0 0 0 DERREK SHULMAN PARTNER, SENIOR PHILANTHROPIC ADVISO 231658 0 0 0 0 0 6000 0 28704 0 266362 0 0 0 SHRUTI SEHRA MANAGING PARTNER,ECOSYSTEM BUILDING 248261 0 0 0 0 0 6000 0 11026 0 265287 0 0 0 MATRIKA BAILEY-TURNER CHIEF OF STAFF 169016 0 0 0 0 0 0 0 10874 0 179890 0 0 0 PART I, LINE 1B THE ORGANIZATION IS IN THE PROCESS OF CREATING AN EQUITABLE POLICY FOR THESE TYPES OF PURCHASES. THE PURCHASE WAS MADE TO ENHANCE CAPACITY FOR FUNDRAISING, DONOR CULTIVATION, AND EVENT HOSTING. X 320 124949 FAIR MARKET VALUE 0 0 0 FORM 990, PART III, LINE 1, MISSION STATEMENT: NEW PROFIT IS A VENTURE PHILANTHROPY ORGANIZATION THAT CATALYZES THE IMPACT OF SOCIAL ENTREPRENEURS WHO ARE EXPANDING ACCESS AND OPPORTUNITY IN AMERICA. WE PROVIDE CAPITAL, CAPACITY, AND COMMUNITY TO A PORTFOLIO OF ORGANIZATIONS TO INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. AND WE PARTNER WITH SOCIAL ENTREPRENEURS, PHILANTHROPISTS, AND CROSS-SECTOR LEADERS TO SHIFT HOW THE PHILANTHROPIC SECTOR PURSUES SOCIAL CHANGE AND ENSURES THAT EVERYONE IN AMERICA CAN THRIVE. SINCE 1998, NEW PROFIT HAS INVESTED OVER $350M IN 275+ HIGH-IMPACT ORGANIZATIONS SERVING MORE THAN 35 MILLION PEOPLE IN ALL 50 STATES. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: PORTFOLIO - BUILD 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 THREE LEVELS OF FUNDING AND STRATEGIC SUPPORT TO ORGANIZATIONS IN OUR PORTFOLIO: A NEW PILOT INVESTMENT VEHICLE CALLED "TRANSFORM INVESTMENTS, AND OUR ESTABLISHED PORTFOLIOS OF "BUILD INVESTMENTS, AND "CATALYZE INVESTMENTS." THROUGH OUR BUILD INVESTMENTS, WE PROVIDE GRANTEES A $1-1.5M MULTI-YEAR, UNRESTRICTED GRANT AND 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. OUR BUILD GRANTEES ARE CREATING IMPACT IN EDUCATION, DEMOCRACY, AND ECONOMIC MOBILITY. FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: ECOSYSTEM BUILDING AND POLICY OUR ECOSYSTEM BUILDING EFFORTS ENGAGE SOCIAL ENTREPRENEURS, POLICYMAKERS, PHILANTHROPISTS, AND OTHER NATIONAL AND LOCAL STAKEHOLDERS TO TRANSFORM HOW PHILANTHROPY THINKS ABOUT HOW TO COLLECTIVELY PURSUE IMPACT AND ALLOCATE RESOURCES. THROUGH THIS WORK, WE LEVERAGE DEEP INSIGHTS OF SOCIAL INNOVATORS IN OUR COMMUNITY TO INFLUENCE HOW RESOURCES FLOW IN THE SECTOR TO HELP REMOVE BARRIERS TO SUSTAINED PROGRESS. THE WELL - NEW PROFIT'S BI-ANNUAL COMMUNITY GATHERING OF SOCIAL ENTREPRENEURS, ECOSYSTEM BUILDERS, PHILANTHROPISTS, AND OTHER SOCIAL IMPACT LEADERS IS DESIGNED TO CREATE AND NOURISH AN UNPRECEDENTED MULTIRACIAL, INTERGENERATIONAL, CROSS-SECTOR COALITION FOR CHANGE THE M.I.C.. LAUNCHED IN 2022, THE EVENT, WHICH BRINGS TOGETHER OVER 450 MEMBERS OF NEW PROFIT'S COMMUNITY, FACILITATES COLLABORATIVE LEARNING IN SERVICE OF DRIVING GREATER IMPACT AS INDIVIDUALS AND AS A COMMUNITY. THE WELL CREATES INTENTIONAL AND ORGANIC OPPORTUNITIES TO CONNECT ACROSS IDENTITY MARKERS IN MEANINGFUL, ACTION-ORIENTED WAYS THROUGH SPACES AND ACTIVITIES FOCUSED ON WELLBEING, HEALING, AND COALITION-BUILDING. POSTSECONDARY INNOVATIONS FOR EQUITY (2020-2025) LAUNCHED IN 2020 TO SUPPORT INNOVATORS THAT ARE BUILDING EVIDENCE BEHIND NEW APPROACHES TO CONNECTING YOUNG ADULTS 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 WERE ELIGIBLE FOR THE SECOND PHASE OF THE PIE INITIATIVE, IN WHICH SELECTED ORGANIZATIONS EACH RECEIVED $1M+ BUILD INVESTMENTS FROM NEW PROFIT OVER FOUR YEARS TO FURTHER ADVANCE AND SCALE THEIR IMPACT. 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. AMERICA FORWARD IS NEW PROFIT'S NONPARTISAN POLICY INITIATIVE THAT UNITES SOCIAL ENTREPRENEURS WITH POLICY MAKERS 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 PUBLIC POLICIES THAT FOSTER INNOVATION, REWARD RESULTS, AND CATALYZE CROSS-SECTOR PARTNERSHIPS IN EDUCATION, EARLY CHILDHOOD, WORKFORCE DEVELOPMENT, YOUTH DEVELOPMENT, AND POVERTY ALLEVIATION. COALITION ORGANIZATIONS HAVE LEVERAGED $1.9 BILLION FOR PROGRAMS THAT ARE ACHIEVING MEASURABLE RESULTS FOR THOSE WHO NEED THEM MOST. FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: PORTFOLIO - TRANSFORM THROUGH OUR TRANSFORM INVESTMENTS, WE PROVIDE GRANTEES A $3M+ MULTI-YEAR, UNRESTRICTED GRANT AND 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 TOWARD SUPPORTING LEADERSHIP TEAMS AND BOARDS AS THEY NAVIGATE SIGNIFICANT INFLECTION POINTS IN THEIR GROWTH, DRIVING LARGE-SCALE IMPACT IN OUR GRANTEES' FIELDS, INCLUDING EDUCATION, DEMOCRACY, ECONOMIC MOBILITY AND HEALTH. 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 NEW PROFIT'S CEO (TULAINE MONTGOMERY) IS SET BY THE EXECUTIVE 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 A SELF-ASSESSMENT. MANAGEMENT MEETS WITH THE EXECUTIVE COMMITTEE TO DISCUSS THE MATERIAL PROVIDED. THE EXECUTIVE COMMITTEE THEN MEETS INDEPENDENTLY TO DETERMINE COMPENSATION. FOR 2024, THE BOARD ALSO DETERMINED THE SALARY FOR VANESSA KIRSCH, FOUNDER-IN-RESIDENCE AND SENIOR PARTNER. COMPENSATION FOR THE COO, DOUG BORCHARD, CFO, IAN MAGEE, AND PRESIDENT, ELIZA GREENBERG IS DETERMINED BY MANAGEMENT. 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 XI, LINE 9: CANCELLED COMMITMENTS RECEIVABLE -399,459. PROVISION FOR UNCOLLECTIBLE COMMITMENTS 397,556. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.