2021-04-19T15:27:45-05:00 2020-06-30 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2019-07-01 452736163 NEW CLASSROOMS INNOVATION PARTNERS INC NEWC 2129206130 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 JOEL ROSE CEO 2129206130 2021-04-19 1 GARRETT M HIGGINS P00543209 9143818900 2021-04-19 2019 2022-09-23 18:48:47Z JOEL ROSE 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 27146153 0 X WWW.NEWCLASSROOMS.ORG X 2011 DE NEW CLASSROOMS' FIRST-OF-ITS-KIND TECHNOLOGY DRAWS FROM TENS OF THOUSANDS OF HIGH-QUALITY LESSONS TO CREATE A CUSTOMIZED AND DYNAMIC CURRICULUM FOR EACH STUDENT EACH DAY. OUR FLAGSHIP INSTRUCTIONAL MODEL, TEACH TO ONE: MATH, INTEGRATES TEACHER-LED, COLLABORATIVE, AND INDEPENDENT INSTRUCTION IN WAYS THAT ENABLE STUDENTS TO LEARN SKILLS AND APPLY THEM IN REAL-WORLD CONTEXTS. TEACH TO ONE: MATH GREW OUT OF A NEW YORK CITY PILOT PROGRAM CALLED SCHOOL OF ONE, WHICH TIME MAGAZINE NAMED ONE OF THE "BEST INVENTIONS OF 2009." 11 9 139 11 0 0 10464752 19531910 4066400 2133224 46663 5277 0 0 14577815 21670411 0 0 0 0 10401853 8683739 102020 114583 921390 6481124 5991417 16984997 14789739 -2407182 6880672 9736068 18450190 1537073 3370523 8198995 15079667 X NEW CLASSROOMS INNOVATION PARTNERS (NEW CLASSROOMS) IS A NON-PROFIT ORGANIZATION THAT DESIGNS AND IMPLEMENTS INNOVATIVE INSTRUCTIONAL SCHOOL MODELS THAT REIMAGINE THE USE OF TIME, TALENT, TECHNOLOGY, AND PHYSICAL SPACE IN ORDER TO PROVIDE A PERSONALIZED LEARNING EXPERIENCE FOR EVERY STUDENT EVERY DAY. NEW CLASSROOMS ALSO ENGAGES IN A THOUGHTFUL EFFORT TO REORIENT THE K-12 POLICY LANDSCAPE AROUND DEVELOPMENT AND ADOPTION. 0 0 11842041 2133224 TEACH TO ONE: MATH NEW CLASSROOMS' FLAGSHIP PERSONALIZED INSTRUCTIONAL MODEL, TEACH TO ONE: MATH EMPOWERS TEACHERS TO PERSONALIZE LEARNING FOR EACH AND EVERY STUDENT. THE MODEL IS AVAILABLE TO STUDENTS IN FIFTH THROUGH ELEVENTH GRADES. NEW CLASSROOMS PARTNERS WITH EXISTING SCHOOLS (PUBLIC, PRIVATE AND CHARTER) TO REPLACE THEIR TRADITIONAL TEXTBOOK-BASED MATH PROGRAM WITH TEACH TO ONE: MATH. TEACH TO ONE: MATH WAS IMPLEMENTED IN DOZENS OF SCHOOLS FOR THOUSANDS OF STUDENTS DURING THE 2019 - 2020 SCHOOL YEAR. [SEE CONTINUATION ON SCHEDULE O] MAJOR ACTIVITIES TO SUPPORT THE TEACH TO ONE: MATH PROGRAM DURING THE REPORTING PERIOD INCLUDED: - HELPING SCHOOLS REDESIGN THE CLASSROOM TO SUPPORT PERSONALIZED EDUCATION FOR STUDENTS.- CREATING AND REFINING A SKILLS MAP ALIGNED TO COLLEGE AND CAREER READY STANDARDS WHICH PROVIDES THE ACADEMIC FRAMEWORK FOR THE TEACH TO ONE: MATH MODEL. - SCREENING, SOURCING, AND CREATING OVER 8,000 DIGITAL AND TEACHER-LED LESSONS FROM OVER 130 EDUCATION PRODUCTS SO THAT STUDENTS EXPERIENCE A VARIETY OF WAYS TO LEARN AND MASTER SKILLS.- GENERATING DAILY PERSONALIZED SCHEDULES FOR APPROXIMATELY 10,000 STUDENTS AND TEACHERS EACH DAY SO THAT EVERY STUDENT CAN LEARN AT HIS OR HER OWN PACE IN WAYS BEST SUITED FOR THEM. - PROVIDING DAILY ON-SITE AND CENTRAL OPERATIONAL AND INSTRUCTIONAL SUPPORT TO ALL SCHOOL PARTNERS OPERATING TEACH TO ONE: MATH FOR THE SCHOOL YEAR. NEW CLASSROOMS HAS DEVELOPED A POLICY AGENDA FOCUSED ON ACCOMPLISHING TWO CORE OBJECTIVES:-REMOVING POLICY BARRIERS THAT INHIBIT THE DEVELOPMENT AND ADOPTION OF INNOVATIVE LEARNING MODELS SUCH AS TEACH TO ONE: MATH.-DEVELOPING WHITE PAPERS, ISSUING BRIEFS, AND PROMOTING HELPFUL STATE POLICIES WITH ADVOCACY GROUPS AND SEAS THAT CAN ACCELERATE THE DEVELOPMENT AND ADOPTION OF INNOVATIVE LEARNING MODELS, LIKE TEACH TO ONE: MATH. MEASURING IMPACT: TO MEASURE WHETHER WE HAVE SUCCESSFULLY ACCELERATED STUDENT LEARNING SO THAT STUDENTS ARE BETTER PREPARED FOR ADVANCED HIGH SCHOOL MATH, NEW CLASSROOMS USES THE MEASURES OF ACADEMIC PROGRESS (MAP), AN ADAPTIVE ONLINE EXAM CREATED BY THE NORTHWEST EVALUATION ASSOCIATION (NWEA). A STUDY CONDUCTED BY MARGRADY RESEARCH FOUND THAT CONSISTENTLY ENROLLED STUDENTS IN MIDDLE SCHOOLS USING TTO FOR THREE YEARS SAW 23 PERCENT GREATER GAINS THAN STUDENTS NATIONALLY, AS MEASURED BY THE NORTHWEST EVALUATION ASSOCIATION'S MEASURES OF ACADEMIC PROGRESS (MAP) TEST. MOREOVER, CONSISTENTLY ENROLLED STUDENTS AT SCHOOLS SUBJECT TO EXTERNAL ACCOUNTABILITY FOCUSED ON MAP GROWTH YEARS EXPERIENCED GAINS 53 PERCENT ABOVE THE NATIONAL AVERAGE. 11842041 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 44 0 139 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL GA IL NC NJ NY X X JASON SCHMIDT CFO 2129206130 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 CHRISTOPHER RUSH DIRECTOR/CHIEF PROGRAM OFFICER 41.00 X X 372460 0 17785 JOEL ROSE DIRECTOR/CHIEF EXECUTIVE OFFICER 41.00 X X 374112 0 12372 JASON SCHMIDT CHIEF FINANCIAL OFFICER 40.00 X 195136 0 41952 BETH COHEN VP, EXTERNAL RELATIONS 40.00 X 204407 0 31402 JERRY WANG VP, TECHNOLOGY STRATEGY 40.00 X 202993 0 9665 CHRISTOPHER HOLLANDER SENIOR SOLUTIONS ARCHITECT 40.00 X 181887 0 27764 CHRISTINE SARGENT VP, PROGRAM DELIVERY 40.00 X 199315 0 4055 JASON WILLIAMS VP, PARTNERSHIPS 40.00 X 176306 0 10779 JEFF WETZLER BOARD CHAIR 1.00 X X 0 0 0 PALMINA FAVA SECRETARY 1.00 X X 0 0 0 TREY BECK TREASURER 1.00 X X 0 0 0 MIGUEL BEZOS DIRECTOR 1.00 X 0 0 0 EMMA BLOOMBERG DIRECTOR 1.00 X 0 0 0 SHAVAR JEFFRIES DIRECTOR 1.00 X 0 0 0 PAUL MASSEY DIRECTOR 1.00 X 0 0 0 KELLY MERRYMAN DIRECTOR 1.00 X 0 0 0 GIDEON STEIN DIRECTOR 1.00 X 0 0 0 1906616 0 155774 32 0 1 0 HAEMIMONT AD DIMO SIMEONOVE BIZ IZOT OFFICE 41 SOFIA BU 1784 TECHNOLOGY & DEVELOPMENT SERVICES 215587 KOSZYN & COMPANY LLC 41 EAST 11TH STREET 11TH FLOOR NEW YORK NY 10003 CAPITAL CAMPAIGNS AND FUNDRAISING PROGRA 109275 2 10000 19521910 5475742 19531910 PROGRAM SERVICE FEES 611710 2133224 2133224 2133224 37764 37764 5443255 5475742 -32487 -32487 -32487 21670411 2133224 0 5277 1046308 355391 516719 174198 6366686 5062772 862028 441886 126529 96883 19707 9939 377130 298960 47675 30495 767086 563350 140123 63613 10893 10893 58410 58410 114583 114583 113 113 462970 414938 46862 1170 21184 12265 8919 47940 23005 23615 1320 362693 313237 36501 12955 961541 775991 128108 57442 312086 260204 42682 9200 38841 17323 20571 947 2846 2846 3326288 3286540 39748 30337 24483 4042 1812 ONSITE PROGRAM EXPENSE 311975 311975 EQUIP., REPAIR, & MAIN. 23980 19352 3195 1433 DUES 19320 5372 13551 397 14789739 11842041 2026308 921390 611251 920591 3363184 6885408 100000 4282714 321083 202846 47871 62119 516501 498405 57844 18096 5234835 6078416 9736068 18450190 1039479 1001917 321000 20000 176594 2348606 1537073 3370523 X 8005135 10189520 193860 4890147 8198995 15079667 9736068 18450190 6880672 0 X X 0 1 X 1 0 X 9458025 15056652 14622293 10464752 19531910 69133632 9458025 15056652 14622293 10464752 19531910 69133632 33648633 35484999 125860 86239 35381 60066 37764 345310 320 8760 9080 69488022 18606080 0.51070 0.56490 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REBATE/REFUND/OTHER - 2015 AMOUNT: $ 320. 2016 AMOUNT: $ 8,760. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 164299 151984 12315 244128 238347 5781 108074 108074 0 18096 SOFTWARE DEVELOPMENT COSTS, NET 6078416 6078416 DEFERRED RENT 88297 PAYCHECK PROTECTION PROGRAM LOANS 2260309 2348606 X 21945991 275580 275580 21670411 0 21670411 15065319 275580 275580 14789739 0 14789739 PART X, LINE 2: NEW CLASSROOMS RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT NEW CLASSROOMS HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. NEW CLASSROOMS IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2017. X X X X X 1 KOSZYN & COMPANY LLC 41 EAST 11TH STREET 11TH FL NEW YORK NY 10003 FUNDRAISING/DEVELOPMENT SERVICES 0 0 114583 -114583 114583 -114583 CA CO CT DC FL GA IL NC NJ NV NY OH OK WA SCHEDULE G, PART I, LINE 2B, COLUMN (V) IN EXCHANGE FOR FUNDRAISING SERVICES AND DELIVERABLES, NEW CLASSROOMS COMPENSATED KOSZYN & COMPANY $114,583 IN FY2020 FOR FEES AND SERVICES UNDER TWO AGREEMENTS, WHICH REQUIRE INSTALLMENT FEE PAYMENTS. THE AGREEMENTS ALSO ALLOW FOR REIMBURSEMENT OF OUT-OF-POCKET EXPENSES, INCLUDING NON-LOCAL TRANSPORTATION (IF NECESSARY FOR NEW CLASSROOMS), MESSENGER SERVICES, AND MAILING COSTS MUST RECEIVE PRIOR WRITTEN APPROVAL FROM CLIENT AND WILL BE BILLED SEPARATELY EACH MONTH, WITH A NOT TO EXCEED" CEILING SET BY THE CLIENT. X X X X X 0 0 0 0 0 0 0 1 0 CHRISTOPHER RUSH DIRECTOR/CHIEF PROGRAM OFFICER 326370 0 45977 0 113 0 3000 0 14785 0 390245 0 0 0 JOEL ROSE DIRECTOR/CHIEF EXECUTIVE OFFICER 327948 0 45977 0 187 0 3000 0 9372 0 386484 0 0 0 JASON SCHMIDT CHIEF FINANCIAL OFFICER 192456 0 2500 0 180 0 3000 0 38952 0 237088 0 0 0 BETH COHEN VP, EXTERNAL RELATIONS 191881 0 12250 0 276 0 3000 0 28402 0 235809 0 0 0 JERRY WANG VP, TECHNOLOGY STRATEGY 190373 0 12500 0 120 0 0 0 9665 0 212658 0 0 0 CHRISTOPHER HOLLANDER SENIOR SOLUTIONS ARCHITECT 181767 0 0 0 120 0 666 0 27098 0 209651 0 0 0 CHRISTINE SARGENT VP, PROGRAM DELIVERY 189195 0 10000 0 120 0 3000 0 1055 0 203370 0 0 0 JASON WILLIAMS VP, PARTNERSHIPS 176186 0 0 0 120 0 0 0 10779 0 187085 0 0 0 PART I, LINE 7 THE CHIEF EXECUTIVE OFFICER AND CHIEF PROGRAM OFFICER ARE ELIGIBLE TO EARN AN ANNUAL BONUS OF UP TO 15% OF THEIR PREVIOUS YEAR'S BASE SALARY BASED UPON THE ACHIEVEMENT OF PERFORMANCE OBJECTIVES PROPOSED BY THE CO-FOUNDERS (AT THE REQUEST OF THE BOARD) AND APPROVED BY THE BOARD. THE BOARD HAS THE SOLE DISCRETION TO APPROVE THE PERFORMANCE OBJECTIVES PROPOSED AND TO DETERMINE WHETHER BOTH OBJECTIVE AND SUBJECTIVE PERFORMANCE MEASURES HAVE BEEN ACCOMPLISHED. OTHER PERSONS LISTED ON SCHEDULE J, PART II WITH AN AMOUNT REPORTED IN COLUMN B(II) RECEIVED A BONUS THAT WAS A FIXED PAYMENT BASED ON THEIR TERMS OF HIRE. X 4 5475742 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS IN FY2019, CHANGES MADE TO THE AMENDED BY-LAWS INCLUDED THE FOLLOWING PRINCIPAL REVISIONS, IN ADDITIONAL TO OTHER SMALLER CHANGES: 1. NO DIRECTOR SHALL SERVE MORE THAN TWO THREE-YEAR TERMS; PROVIDED THAT: (A) FULFILLING AN INCOMPLETE TERM IS NOT CONSIDERED PART OF THE TERM LIMIT; (B) FOR ANY DIRECTOR CURRENTLY IN OFFICE AS OF THE DATE OF THE AMENDED AND RESTATED BY-LAWS, SUCH TERM LIMIT SHALL NOT APPLY AND SUCH DIRECTOR'S TERM SHALL BE AS DETERMINED BY RESOLUTION OF THE BOARD; (C) SUCH TERM LIMITS SHALL NOT APPLY TO THE CO-FOUNDERS OF THE CORPORATION UNTIL SUCH TIME AS THEY NO LONGER SERVE AS OFFICERS; AND (D) IN EXCEPTIONAL CIRCUMSTANCES ONLY, THE CHAIRPERSON MAY RECOMMEND AN EXCEPTION TO SUCH TERM LIMIT, WHICH SHALL BE VOTED ON BY THE BOARD AT THE NEXT MEETING, AND MAY ONLY BE APPROVED BY TWO-THIRDS OF THE ENTIRE BOARD. 2. AT LEAST ONE OF BOARD OF DIRECTORS MUST BE A NON-EMPLOYEE OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B NEW CLASSROOMS HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED A REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. ONCE FORM 990 HAS BEEN PREPARED BY THE OUTSIDE ACCOUNTING FIRM WITH INPUTS FROM NEW CLASSROOMS, IT IS REVIEWED BY MANAGEMENT AND IS SUBMITTED TO THE FINANCE COMMITTEE OF THE BOARD FOR ADDITIONAL REVIEW. AFTER THE FINANCE COMMITTEE REVIEW THE FORM 990, THE RETURN IS SENT TO THE ENTIRE BOARD FOR ANY COMMENTS PRIOR TO SUBMISSION TO THE IRS. THE CEO AND CPO REVIEW AND ADDRESS ALL COMMENTS AND ENSURE THAT EACH ISSUE IS DOCUMENTED AND ADDRESSED PRIOR TO FINALIZING AND FILING THE FORM 990. ONCE COMPLETE THE FORM 990 IS FILED AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 12C NEW CLASSROOM CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY THAT APPLIES TO ANY BOARD MEMBER OR OFFICER. AT LEAST ONCE ANNUALLY, NEW CLASSROOMS' BOARD MEMBERS AND OFFICERS ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY, AS WELL AS ANY REVISION THERETO, AND ARE REQUIRED TO SIGN A DOCUMENT CERTIFYING THAT THEY HAVE READ AND UNDERSTOOD THE CONFLICT OF INTEREST POLICY AND AGREE TO COMPLY WITH IT. THE POLICY REQUIRES THAT ALL INDIVIDUALS DISCLOSE TO THE DIRECTORS ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT IS DISCLOSED AT ANY TIME, THE BOARD WILL REVIEW THE MATERIAL FACTS AND CIRCUMSTANCES. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST, THE BOARD WILL DETERMINE WHETHER THE TRANSACTION AT ISSUE MAY BE OBTAINED WITH REASONABLE EFFORTS VIA AN ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OR, IF THAT IS NOT REASONABLY POSSIBLE, WHETHER THE ORIGINAL TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION AND IS FAIR AND REASONABLE. THE INTERESTED PERSON WILL NOT PARTICIPATE IN ANY VOTE OR DISCUSSION ON THIS MATTER. THE DECISION OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE TALENT COMMITTEE PERIODICALLY COMMISSIONS AN OUTSIDE PARTY TO CONDUCT A BENCHMARKING STUDY OF CHIEF-LEVEL COMPENSATION TO INFORM ANNUAL COMPENSATION INCREASES. AS PART OF THE REVIEW, THE COMMITTEE REFERENCES AVAILABLE MARKET DATA FOR COMPARABLE POSITIONS (VIA INDEPENDENTLY VERIFIED SOURCES AS WELL AS REPORTED 990 COMPENSATION OF LIKE SIZE AND FOCUS PEER ORGANIZATIONS), AND TAKES INTO ACCOUNT INTERNAL EQUITY CONSIDERATIONS, AS WELL. THE CO-FOUNDERS' COMPENSATION REVIEW PROCESS IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS AND THE LAST BENCHMARKING STUDY WAS UNDERTAKEN IN AUGUST 2020. THE COMPENSATION OF OTHER OFFICERS (CHIEF PROGRAM OFFICER AND CHIEF FINANCIAL OFFICER) IS ALSO DETERMINED BY THE TALENT COMMITTEE USING AVAILABLE MARKET DATA FOR COMPARABLE POSITIONS (VIA INDEPENDENTLY VERIFIED SOURCES AS WELL AS REPORTED 990 COMPENSATION OF LIKE SIZE AND FOCUS PEER ORGANIZATIONS), AND TAKING INTO ACCOUNT INTERNAL EQUITY CONSIDERATIONS. THE COMPENSATION REVIEW PROCESS IS DOCUMENTED IN THE HR PERSONNEL FILES AND WAS LAST UNDERTAKEN IN AUGUST 2020. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 1250 BROADWAY, 30TH FLOOR, NEW YORK, NY 10001 OR BY CALLING THE ORGANIZATION DIRECTLY AT 212-920-6130. FORM 990, PART XII, LINE 2C: NEW CLASSROOMS' MANAGEMENT AND BOARD MEMBERS OVERSEE THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND THE FINANCIAL STATEMENT AUDIT. THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.