NEW PROFIT INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- NEW PROFIT INC (EIN 04-3396766)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-06
- IRS object ID
- 201933109349300413
- Schema version
- 2018v3.1
- 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 M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-06T07:55:07-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | 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 | ALEXANDER ARONSON FINNING & CO PC | 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 | 2018-01-01 | 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 | 225 FRANKLIN STREET NO 350 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | 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 | 2019-10-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW HUTT CPA | PreparerPersonNm |
| PTIN | P01070603 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2019-10-08 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 40.70.31.102 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-10-24 | IPDt |
| IP Tm | 15:28:56 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | F4247996A0DFD92197EA51AEF4558D040C319DAA | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 247284B58625830FD7AA80C2F29CE40271A21289 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | 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 | 225 FRANKLIN STREET NO 350 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $28,289,763 | 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 | PLEASE REFER TO OUR WEBSITE (WWW.NEWPROFIT.ORG) FOR DESCRIPTIONS OF OUR MISSION, PROGRAMS AND SUPPLEMENTAL 990 INFORMATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 74 | TotalEmployeeCnt |
| Total Volunteers | 18 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $23,225 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $16,115,471 | PYContributionsGrantsAmt |
| CY Contributions Grants | $27,482,118 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $578,706 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $529,725 | CYProgramServiceRevenueAmt |
| PY Investment Income | $80,345 | PYInvestmentIncomeAmt |
| CY Investment Income | $272,169 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,782 | PYOtherRevenueAmt |
| CY Other Revenue | $5,751 | CYOtherRevenueAmt |
| PY Total Revenue | $16,776,304 | PYTotalRevenueAmt |
| CY Total Revenue | $28,289,763 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $10,849,414 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $7,896,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,372,814 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,696,642 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,812,322 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,578,343 | PYOtherExpensesAmt |
| CY Other Expenses | $6,352,708 | CYOtherExpensesAmt |
| PY Total Expenses | $25,800,571 | PYTotalExpensesAmt |
| CY Total Expenses | $22,945,350 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$9,024,267 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,344,413 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $45,473,808 | TotalAssetsBOYAmt |
| Total Assets EOY | $50,713,445 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $777,108 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $799,420 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $44,696,700 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $49,914,025 | 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 | $6,992,549 | ExpenseAmt |
| Grant | $4,825,000 | GrantAmt |
| Revenue | $250,000 | RevenueAmt |
| Desc | SEE SCHEDULE O. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,024,600 | ExpenseAmt |
| Grant | $750,000 | GrantAmt |
| Desc | SEE SCHEDULE O. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $974,895 | ExpenseAmt |
| Grant | $325,000 | GrantAmt |
| Desc | SEE SCHEDULE O. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $7,680,541 | ExpenseAmt |
| Grant | $1,996,000 | GrantAmt |
| Revenue | $285,476 | RevenueAmt |
| Desc | IN 2017, THE PERSONALIZED LEARNING INITIATIVE WAS LAUNCHED WITH SUPPORT THROUGH A COLLABORATION BETWEEN 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. A VARIETY OF NEW AND EMERGING MODELS RISING IN THE NASCENT PERSONALIZED LEARNING FIELD WILL BE SUPPORTED BY THE INITIATIVE. THESE MODELS INCLUDE ON-THE-GROUND SCHOOL MODELS IMPLEMENTING A PERSONALIZED LEARNING CURRICULUM IN CLASSROOMS; TOOLS AND PLATFORMS FOR TEACHERS, PARENTS, AND STUDENTS TO ADOPT FOR MORE INDIVIDUALIZED SUPPORTS; TECHNICAL ASSISTANCE THAT PROVIDES DEEP IMPLEMENTATION SUPPORT FOR SCHOOLS AND DISTRICT; POLICY AND ADVOCACY EFFORTS FOR BEST PRACTICES IN PERSONALIZED LEARNING; AND KNOWLEDGE DISSEMINATION AND NETWORK CONNECTIONS OF LEARNINGS FOR THE OVERALL FIELD. 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. THE REIMAGINE SCHOOL SYSTEMS FUND (LAUNCHED IN 2014) SEEKS TO RAPIDLY INCREASE THE NUMBER OF HIGH PERFORMING SCHOOLS SERVING LOW INCOME STUDENTS BY FUNDING, ADVISING, AND BUILDING POWERFUL INDIVIDUAL ORGANIZATIONS AND PRACTITIONER NETWORKS ON BOTH THE DEMAND AND SUPPLY SIDE OF SYSTEMS CHANGE. THIS FUND SEEKS TO CHANGE THIS SITUATION AND CREATE NEW OPPORTUNITY IN LOW-INCOME COMMUNITIES BY INVESTING IN STRATEGIES TO: (1) CONVERT LATENT DEMAND INTO ACTIONABLE DEMAND FOR MORE HIGH-QUALITY SCHOOLS AND (2) GROW THE SUPPLY OF HIGH-QUALITY SCHOOLS TO MEET THIS ACTIONABLE DEMAND. THE SERVICES PROVIDED TO PORTFOLIO ORGANIZATIONS FUNDED BY REIMAGINE SCHOOL SYSTEMS ALSO INCLUDE THOSE PROVIDED WITHIN THE INNOVATION FUND. IN 2018, ORGANIZATIONS FUNDED THROUGH THE REIMAGINE SCHOOL SYSTEMS HAVE RECEIVED $705,000 OF DONATED CONSULTING SERVICES THROUGH A PRO-BONO AGREEMENT WITH DELOITTE. LEARN TO EARN AIMS TO COORDINATE AND ADVANCE THE EFFORTS OF EVIDENCE-DRIVEN NONPROFITS, SYSTEMS LEADERS, POLICYMAKERS, AND FUNDERS TO COLLECTIVELY ENSURE THAT 10M+ MORE AMERICANS ARE PREPARED FOR CAREER SUCCESS BY 2025. LEARN TO EARN IS INVESTING BEHIND THE "NEW WORKFORCE PARADIGM" THAT ENABLES LOW-INCOME PEOPLE TO BUILD SKILLS, CREDENTIALS, AND SELF- SUFFICIENCY, AND IS PARTNERING WITH A WIDE RANGE OF OTHERS IN THE FIELD, INCLUDING LARGE EMPLOYERS, TO SOLIDIFY IT. LEARN TO EARN IS AN UMBRELLA OF INTERLOCKING INITIATIVES DESIGNED TO ACCELERATE THE PACE AND IMPACT OF INNOVATIVE MODELS ACROSS HIGH SCHOOL, POSTSECONDARY AND CAREER. TO HELP LEARNERS SUCCEED IN A RAPIDLY EVOLVING WORLD, LEARN TO EARN SEEKS TO SCALE POSTSECONDARY AND CAREER INNOVATION WITH PROVEN IMPACT FOR LOW-INCOME AND UNDER-REPRESENTED STUDENTS SPECIFICALLY. TO THAT END, LEARN TO EARN TACKLES BARRIERS AT TWO LEVELS: 1) DIRECT LEARNER IMPACT, WHERE WE PROVIDE BREAKTHROUGH ORGANIZATIONS (INSIDE AND OUTSIDE OF EXISTING INSTITUTIONS) WITH THE FINANCIAL AND LEADERSHIP CAPACITY TO SCALE THEIR IMPACT, AND 2) SYSTEMS CHANGE, WHERE WE ALIGN DIVERSE GROUPS OF LEADING ACTORS IN THE ECOSYSTEM TO REMOVE BARRIERS THAT STALL PROGRESS IN POLICY AND PRACTICE.THROUGH THE EARLY CHILDHOOD SUPPORT ORGANIZATION (ECSO) INITIATIVE, NEW PROFIT WILL ESTABLISH A PUBLIC-PRIVATE PARTNERSHIP THAT PROVIDES RESOURCES AND ALIGNS FINANCIAL INCENTIVES TO SUPPORT BETTER OUTCOMES FOR CHILDREN FROM LOW-INCOME COMMUNITIES WHO ARE ENROLLED IN CENTER-BASED HEAD START AND SUBSIDIZED CHILD CARE PROGRAMS. ECSO OFFERS AN OPPORTUNITY FOR FUNDERS AND LEADERS IN EARLY EDUCATION TO DEVELOP A SYSTEMS-LEVEL, SCALABLE APPROACH TO IMPROVING THE QUALITY OF LEARNING IN SETTINGS WHERE YOUNG CHILDREN FROM LOW-INCOME COMMUNITIES ARE SERVED. ECSOS WILL SERVE AS INTERMEDIARY ORGANIZATIONS THAT PARTNER WITH THESE LOCAL CENTER-BASED EARLY CHILDHOOD PROVIDERS TO HELP THEM IMPLEMENT THE ECSO'S ARTICULATED PROGRAM MODEL, COVERING ALL THE AREAS WE KNOW ARE ESSENTIAL FOR HIGH-QUALITY PROGRAM DELIVERY AND LONG-TERM IMPACT.THE NEW PROFIT ACCELERATOR PROGRAM IDENTIFIES, CONNECTS, ADVISES, AND INVESTS IN SOCIAL ENTREPRENEURS FROM UNDERREPRESENTED COMMUNITIES WHO ARE CREATING INNOVATIVE SOLUTIONS TO PERSISTENT PROBLEMS IN THEIR COMMUNITIES. WE PROVIDE A $50K UNRESTRICTED GRANT, STRATEGIC ADVICE, AND A PEER LEARNING COMMUNITY OVER ONE YEAR TO SOCIAL ENTREPRENEURS FROM UNDERREPRESENTED COMMUNITIES WHO ARE GROWING EARLY-STAGE ORGANIZATIONS. NEW PROFIT CURRENTLY HAS COHORT-BASED ACCELERATOR PROGRAMS FOCUSED ON INVESTING IN SOCIAL ENTREPRENEURS OF COLOR AND SOCIAL ENTREPRENEURS WHO HAVE BEEN DIRECTLY IMPACTED BY THE CRIMINAL JUSTICE SYSTEM . IN ADDITION TO DIRECTLY SUPPORTING ENTREPRENEURS, NEW PROFIT ALSO WORKS TO ADVANCE INCLUSIVE AND TRANSPARENT GRANTMAKING THAT REMOVE BARRIERS TO EQUITABLE LEADERSHIP AND OPPORTUNITY IN THE NONPROFIT AND PHILANTHROPIC SECTORS.PORTFOLIO SUPPORT SERVICES INCLUDE COSTS RELATING TO DEVELOPING AND MAINTAINING CONSISTENT PORTFOLIO ORGANIZATION MANAGEMENT, INVESTMENT SELECTION, DEAL SUPPORT, AND PROGRAM EVALUATION PRACTICES THROUGHOUT THE ORGANIZATION'S PORTFOLIO. CERTAIN COMPONENTS ARE ALLOCATED TO EACH OF THE ORGANIZATION'S PORTFOLIO INVESTMENT PROGRAMS.NEW PROFIT ALSO CONDUCTS A VARIETY OF FIELD LEADERSHIP ACTIVITIES THAT WORK TO CONSTANTLY PUSH THE SOCIAL SECTOR TO EMBRACE INNOVATION, GENERATE NEW SOLUTIONS, AND CREATE THE CONDITIONS THAT ENABLE ALL SOCIAL ENTREPRENEURS TO THRIVE. NEW PROFIT HAS CREATED COMMUNITIES OF LEARNING FOR SOCIAL ENTREPRENEURS TO COLLABORATE, SHARE, AND NETWORK FOR MAXIMUM IMPACT. THIS ECOSYSTEM BUILDING APPROACH PROVIDES THE OPPORTUNITY FOR SOCIAL ENTREPRENEURS TO LEARN FROM EACH OTHER AND COLLABORATE WITH PHILANTHROPISTS, RESEARCHERS, POLICYMAKERS, AND OTHER ESSENTIAL CONTRIBUTORS WHO ARE ALIGNED IN PURSUING SYSTEMIC CHANGE IN PHILANTHROPY AND SOCIAL PROBLEM-SOLVING. THE GATHERING OF LEADERS, NEW PROFIT'S ANNUAL CROSS-SECTOR CONVENING, IS THE SIGNATURE PLATFORM FOR BRINGING TOGETHER LEADERS TO DEVELOP AND ADVANCE BIG NEW IDEAS FOR SOCIAL IMPACT. IN ADDITION, AMERICA FORWARD IS NEW PROFIT'S NONPARTISAN POLICY ARM THAT UNITES POLICYMAKERS WITH SOCIAL ENTREPRENEURS TO ADVANCE A PUBLIC POLICY AGENDA THAT CHAMPIONS INNOVATIVE AND EFFECTIVE SOLUTIONS TO OUR COUNTRY'S MOST PRESSING SOCIAL PROBLEMS. THE AMERICA FORWARD COALITION LEADS A NETWORK OF MORE THAN 70 SOCIAL INNOVATION ORGANIZATIONS THAT FOSTER INNOVATION, IDENTIFY MORE EFFICIENT AND EFFECTIVE SOLUTIONS, REWARD RESULTS, AND CATALYZE CROSS-SECTOR PARTNERSHIPS IN EDUCATION, EARLY CHILDHOOD, WORKFORCE DEVELOPMENT, YOUTH DEVELOPMENT, AND POVERTY ALLEVIATION. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $7,680,541 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $1,996,000 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $285,476 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $18,672,585 | 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 |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | 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 | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| 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 | 45 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 74 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| 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 | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | IAN MAGEE CFO | PersonNm |
| Phone | 6179128808 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 225 FRANKLIN STREET SUITE 350 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| JEFF WALKER | ||||||||
| CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| BILL MCCLEMENTS | ||||||||
| CLERK | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| STEVE BARNES | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSH BEKENSTEIN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PAUL GROGAN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID HARRIS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| STEVE JENNINGS | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| WENDY KOPP | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| HENRY MCCANCE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DUNCAN MCFARLAND | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| VALERIE MOSLEY | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| KRISTIN MUGFORD | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARK NUNNELLY | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOSH BEKENSTEIN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN RICE | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL CANNING | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| VENKAT SRINIVASAN | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| BRIAN SPECTOR | ||||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| VANESSA KIRSCH | ||||||||
| FOUNDER AND CEO | 45.00 | Yes (X) | Yes (X) | $398,602 | $0 | $24,672 | ||
| DOUG BORCHARD | ||||||||
| MANAGING PARTNER, COO | 45.00 | Yes (X) | $297,496 | $0 | $8,080 | |||
| IAN MAGEE | ||||||||
| MANAGING PARTNER, CFO | 45.00 | Yes (X) | $222,062 | $0 | $14,007 | |||
| ELIZA GREENBERG | ||||||||
| MANAGING PARTNER | 45.00 | $235,588 | $0 | $18,672 | Yes (X) | |||
| SARA CONAHAN | ||||||||
| MANAGING PARTNER, SR. PHILANTHROPIC ADVISOR | 45.00 | $239,432 | $0 | $10,407 | Yes (X) | |||
| DEBORAH SMOLOVER | ||||||||
| EXECUTIVE DIRECTOR OF AMER | 45.00 | $301,914 | $0 | $24,922 | Yes (X) | |||
| JACOB SCHRAMM | ||||||||
| MANAGING PARTNER, LEARN TO | 45.00 | $260,179 | $0 | $8,890 | Yes (X) | |||
| SHRUTI SEHRA | ||||||||
| MANAGING PARTNER, REIMAGIN | 45.00 | $226,161 | $0 | $15,207 | Yes (X) | |||
| KIMBERLY SYMAN | ||||||||
| MANAGING PARTNER | 45.00 | $233,327 | $0 | $27,092 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,414,761 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $151,949 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 28 | 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 |
|---|---|---|---|---|---|
| CENTER FOR COLLABORATIVE EDUCATION | |||||
| 33 HARRISON AVE 6TH FLOOR | BOSTON | MA | 02111 | DEVELOPMENT AND IMPLEMENTATION OF LEARNI | $360,000 |
| VOLITION LLC | |||||
| 3 SOUTH BROOK ROAD | LINCOLN | MA | 01771 | PORTFOLIO AND STRATEGY CONSULTING | $360,000 |
| ORR ASSOCIATES INC | |||||
| 3000 K STREET NW SUITE E280 | WASHINGTON | DC | 20007 | FUNDRAISING CONSULTING | $270,540 |
| CORTEX COLLABORATIONS | |||||
| 2 HARVARD SQUARE UNIT 1 | BROOKLINE | MA | 02445 | PORTFOLIO SUPPORT AND PARENT EMPOWERMENT | $207,409 |
| EVALUATION STRATEGIES LLC | |||||
| 5019 RENO RD NW | WASHINGTON | DC | 20008 | EVALUATION CONSULTING | $204,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $27,482,118 | AllOtherContributionsAmt |
| Noncash Contributions | $457,169 | NoncashContributionsAmt |
| Total Contributions | $27,482,118 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| NETWORKING EVENT FEES | 900099 | $279,725 | $279,725 |
| ADVISORY FEES | 541610 | $250,000 | $250,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $529,725 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $272,169 | TotalRevenueColumnAmt |
| Exclusion | $272,169 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $5,751 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,751 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,751 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,289,763 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $535,476 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $272,169 | 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 | $7,896,000 | TotalAmt |
| Program Services | $7,896,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,219,181 | TotalAmt |
| Program Services | $444,579 | ProgramServicesAmt |
| Management And General | $518,283 | ManagementAndGeneralAmt |
| Fundraising | $256,319 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,385,586 | TotalAmt |
| Program Services | $4,702,573 | ProgramServicesAmt |
| Management And General | $977,978 | ManagementAndGeneralAmt |
| Fundraising | $705,035 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,566 | TotalAmt |
| Program Services | $98,810 | ProgramServicesAmt |
| Management And General | $20,031 | ManagementAndGeneralAmt |
| Fundraising | $16,725 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $481,163 | TotalAmt |
| Program Services | $341,704 | ProgramServicesAmt |
| Management And General | $82,182 | ManagementAndGeneralAmt |
| Fundraising | $57,277 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $475,146 | TotalAmt |
| Program Services | $323,099 | ProgramServicesAmt |
| Management And General | $90,278 | ManagementAndGeneralAmt |
| Fundraising | $61,769 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,689 | TotalAmt |
| Management And General | $42,689 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,654 | TotalAmt |
| Program Services | $28,654 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,500,813 | TotalAmt |
| Program Services | $2,508,995 | ProgramServicesAmt |
| Management And General | $493,411 | ManagementAndGeneralAmt |
| Fundraising | $498,407 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,984 | TotalAmt |
| Program Services | $57,777 | ProgramServicesAmt |
| Management And General | $20,721 | ManagementAndGeneralAmt |
| Fundraising | $47,486 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $628,749 | TotalAmt |
| Program Services | $423,471 | ProgramServicesAmt |
| Management And General | $94,174 | ManagementAndGeneralAmt |
| Fundraising | $111,104 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $341,711 | TotalAmt |
| Program Services | $252,680 | ProgramServicesAmt |
| Management And General | $58,782 | ManagementAndGeneralAmt |
| Fundraising | $30,249 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,580,435 | TotalAmt |
| Program Services | $1,555,195 | ProgramServicesAmt |
| Management And General | $6,306 | ManagementAndGeneralAmt |
| Fundraising | $18,934 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,686 | TotalAmt |
| Management And General | $10,686 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MISCELLANEOUS | $58,917 | $20,181 | $29,809 | $8,927 |
| RECRUITING AND TALENT | $34,070 | $18,867 | $15,113 | $90 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,945,350 | TotalAmt |
| Program Services | $18,672,585 | ProgramServicesAmt |
| Management And General | $2,460,443 | ManagementAndGeneralAmt |
| Fundraising | $1,812,322 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,895,451 | BOYAmt |
| EOY | $3,279,966 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,547,565 | BOYAmt |
| EOY | $17,172,464 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,868,628 | BOYAmt |
| EOY | $30,140,544 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,372 | BOYAmt |
| EOY | $104,365 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $32,058 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,952 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,792 | BOYAmt |
| EOY | $16,106 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,473,808 | BOYAmt |
| EOY | $50,713,445 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $777,108 | BOYAmt |
| EOY | $799,420 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $777,108 | BOYAmt |
| EOY | $799,420 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,819,884 | BOYAmt |
| EOY | $3,215,166 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,876,816 | BOYAmt |
| EOY | $46,698,859 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,696,700 | BOYAmt |
| EOY | $49,914,025 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,473,808 | BOYAmt |
| EOY | $50,713,445 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,344,413 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$127,088 | 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 | $24,357,429 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $37,221,348 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $38,960,652 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,115,471 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $27,482,118 | CurrentTaxYearAmt |
| Total | $144,137,018 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $24,357,429 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $37,221,348 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $38,960,652 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $16,115,471 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $27,482,118 | CurrentTaxYearAmt |
| Total | $144,137,018 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $34,248,151 | SubstantialContributorsTotAmt |
| Public Support Total170 | $109,888,867 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,990 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,653 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $24,046 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $80,345 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $272,169 | CurrentTaxYearAmt |
| Total | $380,203 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $53,880 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $74,488 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $282,730 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,782 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,751 | CurrentTaxYearAmt |
| Total | $418,631 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $144,935,852 | TotalSupportAmt |
| Public Support CY170 | 0.75820 | PublicSupportCY170Pct |
| Public Support PY170 | 0.72620 | 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 | $40,600 | CurrentYearMinus3Amt |
| Current Year Minus2 | $59,164 | CurrentYearMinus2Amt |
| Current Year Minus1 | $21,979 | CurrentYearMinus1Amt |
| Current Year | $28,654 | CurrentYearAmt |
| Total | $150,397 | 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
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $32,058 | OtherCostOrOtherBasisAmt |
| Depreciation | $15,952 | DepreciationAmt |
| Book Value | $16,106 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $16,106 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $30,132,972 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $1,970,297 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$127,088 | OtherRevenueAmt |
| Revenue Not Reported | $1,843,209 | RevenueNotReportedAmt |
| Revenue Subtotal | $28,289,763 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $28,289,763 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $24,915,647 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $1,970,297 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $1,970,297 | ExpensesNotReportedAmt |
| Expenses Subtotal | $22,945,350 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $22,945,350 | 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, 2018. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CANCELLED COMMITMENTS RECEIVABLE -52,102. PROVISION FOR UNCOLLECTIBLE COMMITMENTS -74,986. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ORR ASSOCIATES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3000 K STREET NW SUITE E280 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20007 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CONSULTING ON LAUNCHING A FUNDRAISING CAMPAIGN | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $0 | GrossReceiptsAmt |
| Retained By Contractor | $270,540 | RetainedByContractorAmt |
| Net To Organization | -$270,540 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $270,540 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$270,540 | TotalNetToOrganizationAmt |
| Licensed States | MA | LicensedStatesCd |
| Licensed States | CA | LicensedStatesCd |
| Licensed States | NY | LicensedStatesCd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (41 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| ACELERO LEARNING | ||||||||
| 63 WEST 125TH STREET 6TH FLOOR | HARLEM | NY | 10027 | 300077025 | N/A | $250,000 | PROGRAM EXPANSION | |
| CAST | ||||||||
| 40 HARVARD MILLS SQUARE SUIT 3 | WAKEFIELD | MA | 01880 | 222746879 | 501 ( C ) 3 | $100,000 | PROGRAM EXPANSION | |
| DATA QUALITY CAMPAIGN | ||||||||
| 1341 G STREET NW SUITE 700 | WASHINGTON | DC | 20005 | 274566795 | 501 ( C ) 3 | $67,500 | PROGRAM EXPANSION | |
| DETROIT JUSTICE CENTER | ||||||||
| 2465 LONGFELLOW ST | DETROIT | MI | 48206 | 822295339 | N/A | $50,000 | PROGRAM EXPANSION | |
| EDUCATION LEADERS OF COLOR INC | ||||||||
| 16430 JANINE DRIVE | WHITTIER | CA | 90603 | 812253548 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| ENLEARN | ||||||||
| 400 N 34TH ST 310 | SEATTLE | WA | 98103 | 461009728 | 501 ( C ) 3 | $750,000 | PROGRAM EXPANSION | |
| EYE TO EYE | ||||||||
| 50 BROAD ST SUITE 1702 | NEW YORK | NY | 10004 | 510570498 | 501 ( C ) 3 | $100,000 | PROGRAM EXPANSION | |
| FAMILY INDEPENDENCE INITIATIVE | ||||||||
| 5539 DEER RUN DRIVE | EL SOBRANTE | CA | 94803 | 651187733 | 501 ( C ) 3 | $350,000 | PROGRAM EXPANSION | |
| FLIKSHOP | ||||||||
| 9630 MILESTON WAY UNIT 4059 | COLLEGE PARK | MD | 20740 | 453724273 | N/A | $50,000 | PROGRAM EXPANSION | |
| GREAT SCHOOLS | ||||||||
| 1999 HARRISON STREET SUITE 1100 | OAKLAND | CA | 94612 | 943311628 | 501 ( C ) 3 | $282,500 | PROGRAM EXPANSION | |
| HIGHLANDER INSTITUTE | ||||||||
| 166 VALLEY ST BLDG 31 SUITE 101 | PROVIDENCE | RI | 02909 | 223115046 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| IMBLAZE (BIG PICTURE LEARNING) | ||||||||
| 325 PUBLIC ST | PROVIDENCE | RI | 02905 | 050485883 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| INACOL | ||||||||
| 1934 OLD GALLOWS RD SUITE 350 | VIENNA | VA | 22182 | 200310109 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| INNOVATE PUBLIC SCHOOLS | ||||||||
| 1400 PARKMOOR AVE NO 240 | SAN JOSE | CA | 95126 | 462155826 | 501 ( C ) 3 | $268,000 | PROGRAM EXPANSION | |
| JUMPSTART | ||||||||
| 308 CONGRESS ST 6TH FLOOR | BOSTON | MA | 02210 | 043262046 | 501 ( C ) 3 | $75,000 | PROGRAM EXPANSION | |
| LEADING EDUCATORS | ||||||||
| 1824 ORETHA CASTLE HALEY BLVD | NEW ORLEANS | LA | 70113 | 451447048 | 501 ( C ) 3 | $625,000 | PROGRAM EXPANSION | |
| LEAP INNOVATIONS | ||||||||
| C/O 1871 222 W MERCHANDISE MART | CHICAGO | IL | 60654 | 464784152 | 501 ( C ) 3 | $650,000 | PROGRAM EXPANSION | PLAZA SUITE 1212 |
| THE LEARNING ACCELERATOR | ||||||||
| 10605 FARALLONE DR | CUPERTINO | CA | 95014 | 461059054 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| LEARNING INNOVATION FUND (MIT MEDIA LAB) | ||||||||
| 77 MASSACHUSETTS AVENUE NE49-3142 | CAMBRIDGE | MA | 02139 | 042103594 | 501 ( C ) 3 | $200,000 | PROGRAM EXPANSION | |
| LIFTED | ||||||||
| 120 LINDEN ST | OAKLAND | CA | 94607 | 811454016 | N/A | $100,000 | PROGRAM EXPANSION | |
| THE MATCH FOUNDATION INC | ||||||||
| 215 FOREST HILLS STREET | JAMAICA PLAIN | MA | 02130 | 043476160 | 501 ( C ) 3 | $450,000 | PROGRAM EXPANSION | |
| MINDRIGHT | ||||||||
| 3400 PROSPECT ST NW | WASHINGTON | DC | 20007 | 813042564 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| MISSION LAUNCH INC | ||||||||
| 10 E NORTH AVE C/O IMPACT HUB | BALTIMORE | MD | 21202 | 454633339 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | BALTIMORE |
| MORTAR CINCINNATI | ||||||||
| 1329 VINE ST | CINCINNATI | OH | 45202 | 472431620 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| NATIONAL CENTER FOR LEARNING DISABILITIES | ||||||||
| 32 LAIGHT ST 2ND FLOOR | NEW YORK | NY | 10013 | 132899381 | 501 ( C ) 3 | $100,000 | PROGRAM EXPANSION | |
| NATIONAL CENTER FOR SPECIAL EDUCATION IN CHARTER SCHOOLS INC | ||||||||
| 420 LEXINGTON AVE SUITE 300 | NEW YORK | NY | 10170 | 463576125 | 501 ( C ) 3 | $100,000 | PROGRAM EXPANSION | |
| OBODO (THROUGH MISSION LAUNCH) | ||||||||
| 730 DANNY LANE | OFALLON | MO | 63366 | 454633339 | N/A | $50,000 | PROGRAM EXPANSION | |
| PAVE | ||||||||
| C/O WEWORK 1342 FLORIDA AVE NW | WASHINGTON | DC | 20009 | 812330119 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| POLICY INNOVATORS IN EDUCATION | ||||||||
| 510 1ST AVE NORTH SUITE 408 | MINNEAPOLIS | MN | 55403 | 275550971 | 501 ( C ) 3 | $18,000 | PROGRAM EXPANSION | |
| POWERMYLEARNING | ||||||||
| 520 8TH AVE 10TH FLOOR | NEW YORK | NY | 10018 | 133935309 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| THE PRISON SCHOLAR FUND | ||||||||
| 1752 NW MARKET ST 953 | SEATTLE | WA | 98107 | 412175677 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| REENTRY CAMPUS PROGRAM | ||||||||
| 1 EMPIRE ST | PROVIDENCE | RI | 02903 | 822962618 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| SALEM PUBLIC SCHOOLS (CITY OF SALEM) | ||||||||
| 29 HIGHLAND AVE | SALEM | MA | 01970 | 046001413 | N/A | $100,000 | PROGRAM EXPANSION | |
| SONTAG PRIZE IN URBAN EDUCATION | ||||||||
| 50 MILK ST 16TH FLOOR | BOSTON | MA | 02109 | 471265528 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| THE LADIES OF HOPE MINISTRIES (OPERATION RESTORATION) | ||||||||
| 712 CARLTON AVE APT C | METAIRIE | LA | 70005 | 611791941 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| THINK OF US | ||||||||
| 88 PINE ST | NEW YORK | NY | 10005 | 821157215 | 501 ( C ) 3 | $50,000 | PROGRAM EXPANSION | |
| THIRD SECTOR CAPITAL PARTNERS | ||||||||
| 200 CLARENDON ST 44TH FLOOR | BOSTON | MA | 02116 | 461301032 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| TRANSCEND | ||||||||
| 159 LINCOLN AVE | HASTINGSONHUDSON | NY | 10706 | 300878820 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| UNBOUNDED | ||||||||
| 81 PROSPECT ST | BROOKLYN | NY | 11201 | 431243999 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| VALOR COLLEGIATE ACADEMIES | ||||||||
| 4527 NOLENSVILLE PIKE | NASHVILLE | TN | 37211 | 461413472 | 501 ( C ) 3 | $250,000 | PROGRAM EXPANSION | |
| YOUTH BUILD USA | ||||||||
| 58 DAY ST | SOMERVILLE | MA | 02144 | 223076454 | 501 ( C ) 3 | $100,000 | PROGRAM EXPANSION | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 35 | Total501c3OrgCnt |
| Total Other Org | 6 | 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 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. A PORTFOLIO MANAGER ALSO HOLDS A SEAT ON THE ORGANIZATION'S BOARD OF DIRECTORS THROUGHOUT THE TERM OF NEW PROFIT'S INVESTMENT IN THE ORGANIZATION. FOR THE YEAR ENDED DECEMBER 31, 2018, NEW PROFIT INCURRED $4,663,428 OF PERSONNEL COSTS RELATING TO THE PORTFOLIO MANAGEMENT ACTIVITES AND SUPPORT TO ITS PORTFOLIO ORGANIZATIONS. THIS AMOUNT REPRESENTED APPROXIMATELY 54% OF THE TOTAL PERSONNEL COSTS OF NEW PROFIT IN 2018. | 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 | 0 | 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 (9 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 CEO | $346,102 | $0 | $52,500 | $0 | $0 | $0 | $6,000 | $0 | $18,672 | $0 | $423,274 | $0 | $0 | $0 |
| DOUG BORCHARD | ||||||||||||||
| MANAGING PARTNER, COO | $259,246 | $0 | $38,250 | $0 | $0 | $0 | $6,000 | $0 | $2,080 | $0 | $305,576 | $0 | $0 | $0 |
| IAN MAGEE | ||||||||||||||
| MANAGING PARTNER, CFO | $222,062 | $0 | $0 | $0 | $0 | $0 | $4,625 | $0 | $9,382 | $0 | $236,069 | $0 | $0 | $0 |
| ELIZA GREENBERG | ||||||||||||||
| MANAGING PARTNER | $235,588 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18,672 | $0 | $254,260 | $0 | $0 | $0 |
| SARA CONAHAN | ||||||||||||||
| MANAGING PARTNER, SR. PHILANTHROPIC | $226,932 | $0 | $12,500 | $0 | $0 | $0 | $1,025 | $0 | $9,382 | $0 | $249,839 | $0 | $0 | $0 |
| DEBORAH SMOLOVER | ||||||||||||||
| EXECUTIVE DIRECTOR OF AMER | $301,914 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $18,922 | $0 | $326,836 | $0 | $0 | $0 |
| JACOB SCHRAMM | ||||||||||||||
| MANAGING PARTNER, LEARN TO | $260,179 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $2,890 | $0 | $269,069 | $0 | $0 | $0 |
| SHRUTI SEHRA | ||||||||||||||
| MANAGING PARTNER, REIMAGIN | $226,161 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $9,207 | $0 | $241,368 | $0 | $0 | $0 |
| KIMBERLY SYMAN | ||||||||||||||
| MANAGING PARTNER | $233,327 | $0 | $0 | $0 | $0 | $0 | $6,000 | $0 | $21,092 | $0 | $260,419 | $0 | $0 | $0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 8 | ContributionCnt |
| Noncash Contributions Rpt F990 | $457,169 | 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 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER 8 IN COLUMN B REFERS TO THE NUMBER OF STOCK CONTRIBUTIONS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 19: | LEADING UP TO 2018, NEW PROFIT HAD RECEIVED SIGNIFICANT MULTI-YEAR GRANTS THAT WERE RECORDED AS REVENUE IN THE YEAR OF COMMITMENT, ACCORDING TO U.S. GAAP, WITH THE FUTURE PAYMENTS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS. AS THOSE TEMPORARILY RESTRICTED COMMITMENTS WERE RECEIVED IN 2018 AND RELEASED TO UNRESTRICTED NET ASSETS, NEW PROFIT WAS ABLE TO END THE YEAR WITH A SURPLUS OF UNRESTRICTED CASH IN 2018. |
| FORM 990, PART III, LINE 1, MISSION STATEMENT: | NEW PROFIT INC. IS A NONPROFIT VENTURE PHILANTHROPY ORGANIZATION THAT BACKS SOCIAL ENTREPRENEURS WHO ARE ADVANCING EQUITY AND OPPORTUNITY IN AMERICA. IN PARTNERSHIP WITH A NATIONAL NETWORK OF PHILANTHROPISTS, WE INVEST IN A PORTFOLIO OF SOCIAL ENTREPRENEUR-LED ORGANIZATIONS TO HELP THEM REALIZE THEIR FULL POTENTIAL AND WE WORK TO IMPROVE CONDITIONS TO ENSURE ALL SOCIAL ENTREPRENEURS CAN THRIVE. |
| FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: | THROUGH PORTFOLIO INVESTING, NEW PROFIT SELECTS AND INVESTS FINANCIAL CAPITAL AND EXPERT STRATEGIC SUPPORT IN A PORTFOLIO OF SOCIAL ENTREPRENEUR-LED ORGANIZATIONS (DESCRIBED AS PORTFOLIO ORGANIZATIONS) AND HELPS THEM TO BUILD THEIR ORGANIZATIONAL CAPACITY AND IN TURN, INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. EACH PORTFOLIO ORGANIZATION IS ASSIGNED A DEAL PARTNER WHO SERVES AS A BOARD MEMBER AND ADVISOR WHO SUPPORTS THESE ORGANIZATIONS IN NAVIGATING CHALLENGES AND INCREASING THEIR CAPABILITIES IN FOUR KEY AREAS--LEADERSHIP AND GOVERNANCE, IMPACT MODEL DEVELOPMENT, STRATEGIC MANAGEMENT AND PLANNING, AND ECONOMIC MODEL. A PRO BONO COLLABORATION WITH DELOITTE ENABLES NEW PROFIT TO PROVIDE ADDITIONAL SUPPORT TO SOCIAL ENTREPRENEURS AND THEIR ORGANIZATIONS, INCLUDING STRATEGIC GROWTH PLANNING AND EXECUTIVE COACHING. ORGANIZATIONS FUNDED THROUGH THE INNOVATION FUND HAVE RECEIVED $1,119,560 OF DONATED CONSULTING SERVICES THROUGH A PRO-BONO AGREEMENT WITH DELOITTE. WITHIN NEW PROFIT'S PORTFOLIO, THERE ARE SEVERAL INITIATIVES AIMED AT SUPPORTING SOCIAL ENTREPRENEURS WHO ARE DRIVING CHANGE IN SPECIFIC ISSUE AREAS. THESE INITIATIVES BRING LIKE-MINDED SOCIAL ENTREPRENEURS, PHILANTHROPISTS AND INSTITUTIONAL DONORS, RESEARCHERS, POLICY EXPERTS, AND OTHER CROSS SECTOR PARTNERS TOGETHER FOR INTENSIVE COLLABORATION AIMED AT CATALYZING NEW APPROACHES AND BREAKING THROUGH ON INTRACTABLE CHALLENGES. |
| FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: | REIMAGINE LEARNING IS A SIX-YEAR INITIATIVE LAUNCHED IN 2013 THAT AIMS TO CHART NEW PATHWAYS TOWARD HELPING THE MOST UNDERSERVED STUDENTS ACHIEVE ACADEMIC AND LIFE SUCCESS. IN PARTNERSHIP WITH A SET OF FUNDERS, REIMAGINE LEARNING HAS DEPLOYED $38M TO BUILD A COALITION OF OVER 700 EDUCATION LEADERS COMMITTED TO ENSURING THAT ALL STUDENTS, INCLUDING THOSE WITH MORE COMPLEX AND NEEDS AND CHALLENGES, ARE SUPPORTED BY LEARNING ENVIRONMENTS THAT MEET THEIR DIVERSE NEEDS AND NURTURE THEIR DIVERSE STRENGTHS. REIMAGINE LEARNING HAS FUNDED AND ADVISED 25 HIGH-POTENTIAL ORGANIZATIONS LED BY VISIONARY SOCIAL ENTREPRENEURS THAT COLLECTIVELY SERVE OVER 7 MILLION STUDENTS TO HELP THEM SCALE THEIR INNOVATIONS AND ENHANCE THEIR ORGANIZATIONAL CAPACITY AND SUSTAINABILITY, WITH AN EYE TOWARD HELPING THEM BETTER ADDRESS THE NEEDS OF UNDERSERVED STUDENTS. IN 2018, ORGANIZATIONS FUNDED THROUGH THE REIMAGINE LEARNING FUND RECEIVED $3,609,000 IN UNRESTRICTED GRANTS AND $322,200 OF DONATED CONSULTING SERVICES THROUGH A PRO-BONO AGREEMENT WITH DELOITTE. REIMAGINE LEARNING ALSO HAS ENGAGED IN PRACTITIONER-LED FEDERAL AND STATE POLICY ADVOCACY TO ADVANCE PUBLIC POLICIES THAT SUPPORT THE SUCCESS OF THE MOST UNDERSERVED STUDENTS, INCLUDING SUCCESSFULLY ADVOCATING FOR KEY PROVISIONS IN THE EVERY STUDENT SUCCEEDS ACT (ESSA) THAT REFLECTED REIMAGINE LEARNING'S EMPHASIS ON PERSONALIZED LEARNING, EQUITY, AND ACCESS. IT ALSO HAS DEVELOPED PROOF POINTS OF DISTRICTS AND SCHOOLS THAT ARE FUNDAMENTALLY TRANSFORMING TO BETTER SUPPORT ALL STUDENTS, PARTICULARLY THE MOST UNDERSERVED. |
| FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: | THE EARLY LEARNING FUND (LAUNCHED IN 2014) SEEKS A WORLD WHERE ALL CHILDREN HAVE A START IN THEIR EARLIEST YEARS OF LIFE THAT SETS THEM ON A COURSE TO FULFILL THEIR POTENTIAL. EXTRAORDINARY ADVANCES IN NEUROBIOLOGY AND BEHAVIORAL SCIENCE, TOGETHER WITH INCREASING PUBLIC RECOGNITION OF THE IMPORTANCE OF A STRONG START, HAVE CREATED A DYNAMIC OPPORTUNITY FOR TRANSFORMATIVE CHANGE IN THE EARLY LEARNING FIELD. THE FUND IS WORKING TO CONNECT AND ALIGN RESEARCHERS, PRACTITIONERS, FUNDERS, AND POLICYMAKERS TO PURSUE A SHARED ACTION AGENDA AND INVESTING IN ORGANIZATIONS, PILOTS, AND PARTNERSHIPS THAT HAVE THE POTENTIAL TO LIFT UP NEW APPROACHES TO WHOLE-CHILD DEVELOPMENT AND ENABLE EFFECTIVE EARLY LEARNING FOR ALL CHILDREN AT SCALE. THE SERVICES PROVIDED TO PORTFOLIO ORGANIZATIONS FUNDED BY EARLY LEARNING ALSO INCLUDE THOSE PROVIDED WITHIN THE INNOVATION FUND. |
| 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. 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 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 WITHIN COMPARABLE ORGANIZATIONS, AN ASSESSMENT OF NEW PROFIT'S PERFORMANCE AGAINST GOALS FOR THE PREVIOUS FISCAL YEAR, AND PERFORMANCE ASSESSMENTS FOR EACH STAFF MEMBER, INCLUDING A SELF-ASSESSMENT. MANAGEMENT MEETS WITH THE COMPENSATION COMMITTEE TO DISCUSS THE MATERIAL PROVIDED. THE COMPENSATION COMMITTEE THEN MEETS INDEPENDENTLY TO DETERMINE COMPENSATION. |
| 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 2,508,995. MANAGEMENT AND GENERAL EXPENSES 493,411. FUNDRAISING EXPENSES 498,407. TOTAL EXPENSES 3,500,813. |
| FORM 990, PART XI, LINE 9: | CANCELLED COMMITMENTS RECEIVABLE -52,102. PROVISION FOR UNCOLLECTIBLE COMMITMENTS -74,986. |
| PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |