2020-03-23T12:35:26-05:00 2019-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2018-07-01 452736163 NEW CLASSROOMS INNOVATION PARTNERS INC NEWC 2129206130 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 JOEL ROSE CEO 2129206130 2020-03-20 1 GARRETT M HIGGINS P00543209 2122862600 2020-03-20 108.35.122.103 2020-03-20 13:06:48 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C5C0E2060BEB3F24671B5CC0358F632D6B4109AD 2018 2020-09-23 17:36:50Z JOEL ROSE 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 16826784 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 TO 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." 10 8 165 11 0 0 14622293 10464752 4324361 4066400 14074 46663 16500 0 18977228 14577815 0 0 0 0 11007805 10401853 32199 102020 839323 6108213 6481124 17148217 16984997 1829011 -2407182 12320570 9736068 1714393 1537073 10606177 8198995 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 13462829 4066400 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 2018 - 2019 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 ALSO DEVELOPED A POLICY AGENDA THAT IS 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 AND PROMOTING STATE AND FEDERAL POLICIES 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. 13462829 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 58 0 165 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 8 0 0 0 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 JEFF WETZLER INTERIM BOARD CHAIR 1.00 X X 0 0 0 TREY BECK DIRECTOR 1.00 X 0 0 0 MIGUEL BEZOS DIRECTOR 1.00 X 0 0 0 EMMA BLOOMBERG DIRECTOR 1.00 X 0 0 0 PALMINA FAVA DIRECTOR 1.00 X 0 0 0 SHAVAR JEFFRIES DIRECTOR 1.00 X 0 0 0 JOSHUA LEWIS DIRECTOR THRU 11/01/2018 1.00 X 0 0 0 PAUL MASSEY DIRECTOR 1.00 X 0 0 0 GIDEON STEIN DIRECTOR 1.00 X 0 0 0 JOEL ROSE DIRECTOR/CHIEF EXECUTIVE OFFICER 41.00 X X 350453 0 10231 CHRISTOPHER RUSH DIRECTOR/CHIEF PROGRAM OFFICER 41.00 X X 349097 0 15842 JASON SCHMIDT CHIEF FINANCIAL OFFICER 40.00 X 175534 0 37289 SUSAN FINE CHIEF OF LEARNER DEVELOPMENT THRU 11/15/2018 40.00 X 231726 0 12748 JERRY WANG VP TECHNOLOGY 40.00 X 199239 0 8636 BETH COHEN VP EXTERNAL RELATIONS 40.00 X 199887 0 31464 CHRISTINE SARGENT VP PROGRAM DELIVERY 40.00 X 190666 0 12803 CHRISTOPHER HOLLANDER SENIOR SOLUTIONS ARCHITECT 40.00 X 173774 0 31353 1870376 0 160366 38 0 1 0 HAEMIMONT AD DIMO SIMEONOVE BIZ IZOT OFFICE 41 SOFIA BU 1784 TECHNOLOGY & DEVELOPMENT SERVICES 301856 BELLWETHER ED PTRS 517 BOSTON POST ROAD 171 SUDBURY MA 01776 ADVISORY SERVICES AND RESEARCH 151500 GARY LARSON 1725 PIERCE STREET SUITE 1 SAN FRANCISCO CA 94115 PUBLIC RELATIONS SERVICES 104000 TEACHERS COLLEGE COLUMBIA UNIVERSITY 525 W 120TH ST 309 NEW YORK NY 10027 RESEARCH AND ANALYSIS SERVICES 100711 4 10464752 2248969 10464752 PROGRAM SERVICE FEES 611710 4066400 4066400 4066400 60066 60066 2235566 2248969 -13403 -13403 -13403 14577815 4066400 0 46663 960449 318528 482657 159264 7844949 6183862 1265507 395580 114900 89226 19224 6450 547994 428687 86835 32472 933561 692192 182824 58545 656 656 101391 101391 102020 102020 57 57 749013 682339 65361 1313 20822 8414 10648 1760 101875 50690 49219 1966 492188 421599 56593 13996 977094 793724 138893 44477 452196 360175 77721 14300 58216 12648 44310 1258 2686 2686 2985182 2910600 74582 27451 22182 3991 1278 UBTI 22614 18274 3287 1053 ONSITE PROGRAM EXPENSE 436536 436536 EQUIP., REPAIR, & MAIN. 33039 26698 4803 1538 DUES 20094 5785 12256 2053 14 14 16984997 13462829 2682845 839323 1220857 611251 5868189 3363184 303038 100000 607293 321083 54421 47871 516501 458657 132426 57844 4134346 5234835 12320570 9736068 1183749 1039479 530644 497594 1714393 1537073 X 6422338 8005135 4183839 193860 10606177 8198995 12320570 9736068 -2407182 0 X X 0 1 X 1 0 X 9523566 9458025 15056652 14622293 10464752 59125288 9523566 9458025 15056652 14622293 10464752 59125288 25473738 33651550 128665 125860 86239 35381 60066 436211 3286 320 8760 12366 59573865 18876535 0.56490 0.55830 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CHECK/CREDIT CARD REFUND - 2014 AMOUNT: $ 2,880. REBATE/REFUND/OTHER - 2014 AMOUNT: $ 406. 2015 AMOUNT: $ 320. 2016 AMOUNT: $ 8,760. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 164299 127354 36945 244128 229961 14167 108074 101342 6732 57844 SOFTWARE DEVELOPMENT COSTS, NET 5234835 5234835 DEFERRED RENT 176594 DEFERRED CONTRACT REVENUE 321000 497594 X 14747860 170045 170045 14577815 0 14577815 17155042 170045 170045 16984997 0 16984997 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, 2016. X X X X 1 LIZA VAN GUNDY 1172 CHAPEL STREET NEW HAVEN CT 06511 GRANT WRITER 0 0 39520 -39520 KOSZYN & COMPANY LLC 41 EAST 11TH STREET 11TH FL NEW YORK NY 10003 CAPITAL CAMPAIGNS AND FUNDRAISING/DEVELOPMENT PROGRAMS 0 0 62500 -62500 102020 -102020 CA CO CT DC FL GA IL NC NJ NV NY OH OK WA SCHEDULE G, PART I, LINE 2B, COLUMN (V) NEW CLASSROOMS HIRED LIZA VAN GUNDY TO ASSIST WITH GRANT WRITING AND NEW GRANT PROPOSALS. LIZA VAN GUNDY WAS PAID $39,520 IN FEES IN FY2019. THE AGREEMENT ALLOWS FOR REIMBURSEMENT OF OUT-OF-POCKET EXPENSES, HOWEVER, NO OUT-OF-POCKET EXPENSES WERE INCURRED. NEW CLASSROOMS HIRED KOSZYN & COMPANY, LLC TO CONSULT, ASSIST AND EXECUTE ON FINDINGS FROM NEW CLASSROOMS CAMPAIGN FEASIBILITY STUDY REPORT GOALS. KOSZYN & COMPANY, LLC WAS PAID $62,500 IN FEES IN FY2019. THE AGREEMENT ALLOWS FOR REIMBURSEMENT OF OUT-OF-POCKET EXPENSES, AS DESCRIBED BELOW, HOWEVER, NO OUT-OF-POCKET EXPENSES WERE INCURRED. OUT-OF-POCKET EXPENSES, WHICH MUST RECEIVE PRIOR WRITTEN APPROVAL, INCLUDE NON-LOCAL TRANSPORTATION, MESSENGER SERVICES AND MAILING COSTS. X X X X X 1 0 0 0 0 0 0 1 0 JOEL ROSE DIRECTOR/CHIEF EXECUTIVE OFFICER 308003 0 41988 0 462 0 3000 0 7231 0 360684 0 0 0 CHRISTOPHER RUSH DIRECTOR/CHIEF PROGRAM OFFICER 306832 0 41988 0 277 0 3000 0 12842 0 364939 0 0 0 JASON SCHMIDT CHIEF FINANCIAL OFFICER 175343 0 0 0 191 0 3000 0 34289 0 212823 0 0 0 SUSAN FINE CHIEF OF LEARNER DEVELOPMENT THRU 11/15/2018 169524 0 16750 0 45452 0 3000 0 9748 0 244474 0 0 0 JERRY WANG VP TECHNOLOGY 186570 0 12500 0 169 0 0 0 8636 0 207875 0 0 0 BETH COHEN VP EXTERNAL RELATIONS 187364 0 12250 0 273 0 3000 0 28464 0 231351 0 0 0 CHRISTINE SARGENT VP PROGRAM DELIVERY 180504 0 10000 0 162 0 3000 0 9803 0 203469 0 0 0 CHRISTOPHER HOLLANDER SENIOR SOLUTIONS ARCHITECT 173608 0 0 0 166 0 1950 0 29403 0 205127 0 0 0 PART I, LINE 4A THE CHIEF OF LEARNER DEVELOPMENT: SUSAN FINE RECEIVED A SEVERANCE PAYMENT OF $45,084 DURING FY19. THE AMOUNT WAS TAXABLE AND REPORTED ON HER 2018 FORM W-2. PART I, LINE 7 IN ADDITION TO THE COMPENSATION PROVIDED FOR EACH FISCAL YEAR DURING THE TERM, THE CEO AND CPO 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 IN DETERMINING WHETHER BOTH OBJECTIVE AND SUBJECTIVE PERFORMANCE MEASURES HAVE BEEN ACCOMPLISHED. A SMALL PERCENTAGE OF EMPLOYEES ARE PROVIDED WITH A NON-PERFORMANCE BASED RETENTION BONUS UPON THE ANNIVERSARY OF THEIR EMPLOYMENT DATE OR ON THE LAST DAY OF THE FISCAL YEAR AS INDICATED BY THEIR TERMS OF HIRE. X 3 2248969 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 B, LINE 11B NEW CLASSROOMS' FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. A DETAILED REVIEW OF THE FORM IS PERFORMED BY MANAGEMENT AND BY THE FINANCE COMMITTEE. PRIOR TO FILING, THE BOARD OF DIRECTORS RECEIVES A COPY OF THE FULL RETURN. ALL COMMENTS ARE ADDRESSED BY MANAGEMENT PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C 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. FORM 990, PART VI, SECTION B, LINE 15 THE TALENT COMMITTEE OF THE BOARD CONDUCTS AN ANNUAL REVIEW OF SALARY BANDS FOR ALL EMPLOYEES BASED ON THIRD PARTY MARKET DATA. FOR OFFERS TO NEW SENIOR EMPLOYEES, THE COMMITTEE CONSIDERS VARIOUS FACTORS INCLUDING MARKET BENCHMARKS FROM THIRD PARTIES TO INFORM THE COMPOSITION OF THE COMPENSATION PACKAGE WHICH IS THEN ARRIVED AT IN A MANNER CONSISTENT WITH OUR COMPENSATION PHILOSOPHY. FOR ANY COMPENSATION PACKAGE OFFERED TO NEW SENIOR EMPLOYEES THAT EXCEEDS THE MAXIMUM OF THE MARKET BENCHMARK RANGE FOR THAT GIVEN LEVEL, THE COMMITTEE FURTHER RESEARCHES AND APPROVES AS APPROPRIATE. ADDITIONALLY, THE 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 JULY 2019. 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.