2019-11-06T07:55:07-06:00 2018-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2018-01-01 043396766 NEW PROFIT INC NEWP 6179128800 225 FRANKLIN STREET NO 350 BOSTON MA 02110 DOUG BORCHARD MANAGING DIRECTOR AND COO 6179128800 2019-10-24 1 MATTHEW HUTT CPA P01070603 5083669100 2019-10-08 40.70.31.102 2019-10-24 15:28:56 ED P F4247996A0DFD92197EA51AEF4558D040C319DAA 247284B58625830FD7AA80C2F29CE40271A21289 2018 2020-03-31 21:24:44Z X DOUG BORCHARD 225 FRANKLIN STREET NO 350 BOSTON MA 02110 28289763 0 X WWW.NEWPROFIT.ORG X 1997 MA PLEASE REFER TO OUR WEBSITE (WWW.NEWPROFIT.ORG) FOR DESCRIPTIONS OF OUR MISSION, PROGRAMS AND SUPPLEMENTAL 990 INFORMATION. 18 18 74 18 0 23225 16115471 27482118 578706 529725 80345 272169 1782 5751 16776304 28289763 10849414 7896000 0 0 9372814 8696642 0 0 1812322 5578343 6352708 25800571 22945350 -9024267 5344413 45473808 50713445 777108 799420 44696700 49914025 X SEE SCHEDULE O. 0 0 6992549 4825000 250000 SEE SCHEDULE O. 3024600 750000 SEE SCHEDULE O. 974895 325000 SEE SCHEDULE O. 7680541 1996000 285476 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. 7680541 1996000 285476 18672585 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 45 0 1 74 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY CA X IAN MAGEE CFO 6179128808 225 FRANKLIN STREET SUITE 350 BOSTON MA 02110 JEFF WALKER CHAIRMAN 1.00 X X 0 0 0 BILL MCCLEMENTS CLERK 1.00 X X 0 0 0 STEVE BARNES DIRECTOR 1.00 X 0 0 0 JOSH BEKENSTEIN DIRECTOR 1.00 X 0 0 0 PAUL GROGAN DIRECTOR 1.00 X 0 0 0 DAVID HARRIS DIRECTOR 1.00 X 0 0 0 STEVE JENNINGS DIRECTOR 1.00 X 0 0 0 WENDY KOPP DIRECTOR 1.00 X 0 0 0 HENRY MCCANCE DIRECTOR 1.00 X 0 0 0 DUNCAN MCFARLAND DIRECTOR 1.00 X 0 0 0 VALERIE MOSLEY DIRECTOR 1.00 X 0 0 0 KRISTIN MUGFORD DIRECTOR 1.00 X 0 0 0 MARK NUNNELLY DIRECTOR 1.00 X 0 0 0 JOSH BEKENSTEIN DIRECTOR 1.00 X 0 0 0 JOHN RICE DIRECTOR 1.00 X 0 0 0 MICHAEL CANNING DIRECTOR 1.00 X 0 0 0 VENKAT SRINIVASAN DIRECTOR 1.00 X 0 0 0 BRIAN SPECTOR DIRECTOR 1.00 X 0 0 0 VANESSA KIRSCH FOUNDER AND CEO 45.00 X X 398602 0 24672 DOUG BORCHARD MANAGING PARTNER, COO 45.00 X 297496 0 8080 IAN MAGEE MANAGING PARTNER, CFO 45.00 X 222062 0 14007 ELIZA GREENBERG MANAGING PARTNER 45.00 X 235588 0 18672 SARA CONAHAN MANAGING PARTNER, SR. PHILANTHROPIC ADVISOR 45.00 X 239432 0 10407 DEBORAH SMOLOVER EXECUTIVE DIRECTOR OF AMER 45.00 X 301914 0 24922 JACOB SCHRAMM MANAGING PARTNER, LEARN TO 45.00 X 260179 0 8890 SHRUTI SEHRA MANAGING PARTNER, REIMAGIN 45.00 X 226161 0 15207 KIMBERLY SYMAN MANAGING PARTNER 45.00 X 233327 0 27092 2414761 0 151949 28 0 1 0 CENTER FOR COLLABORATIVE EDUCATION 33 HARRISON AVE 6TH FLOOR BOSTON MA 02111 DEVELOPMENT AND IMPLEMENTATION OF LEARNI 360000 VOLITION LLC 3 SOUTH BROOK ROAD LINCOLN MA 01771 PORTFOLIO AND STRATEGY CONSULTING 360000 ORR ASSOCIATES INC 3000 K STREET NW SUITE E280 WASHINGTON DC 20007 FUNDRAISING CONSULTING 270540 CORTEX COLLABORATIONS 2 HARVARD SQUARE UNIT 1 BROOKLINE MA 02445 PORTFOLIO SUPPORT AND PARENT EMPOWERMENT 207409 EVALUATION STRATEGIES LLC 5019 RENO RD NW WASHINGTON DC 20008 EVALUATION CONSULTING 204000 5 27482118 457169 27482118 NETWORKING EVENT FEES 900099 279725 279725 ADVISORY FEES 541610 250000 250000 529725 272169 272169 MISCELLANEOUS 900099 5751 5751 5751 28289763 535476 0 272169 X 7896000 7896000 1219181 444579 518283 256319 6385586 4702573 977978 705035 135566 98810 20031 16725 481163 341704 82182 57277 475146 323099 90278 61769 42689 42689 28654 28654 3500813 2508995 493411 498407 125984 57777 20721 47486 628749 423471 94174 111104 341711 252680 58782 30249 1580435 1555195 6306 18934 10686 10686 MISCELLANEOUS 58917 20181 29809 8927 RECRUITING AND TALENT 34070 18867 15113 90 22945350 18672585 2460443 1812322 3895451 3279966 13547565 17172464 27868628 30140544 135372 104365 32058 15952 26792 16106 45473808 50713445 777108 799420 777108 799420 X 2819884 3215166 41876816 46698859 44696700 49914025 45473808 50713445 X 5344413 -127088 X X 0 1 X 1 0 X 24357429 37221348 38960652 16115471 27482118 144137018 24357429 37221348 38960652 16115471 27482118 144137018 34248151 109888867 1990 1653 24046 80345 272169 380203 53880 74488 282730 1782 5751 418631 144935852 0.75820 0.72620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1000000 1000000 4000000 6000000 40600 59164 21979 28654 150397 250000 250000 250000 250000 1000000 1500000 32058 15952 16106 16106 X 30132972 1970297 -127088 1843209 28289763 0 28289763 24915647 1970297 1970297 22945350 0 22945350 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. 1 ORR ASSOCIATES INC 3000 K STREET NW SUITE E280 WASHINGTON DC 20007 CONSULTING ON LAUNCHING A FUNDRAISING CAMPAIGN 0 0 270540 -270540 270540 -270540 MA CA NY 1 ACELERO LEARNING 63 WEST 125TH STREET 6TH FLOOR HARLEM NY 10027 300077025 N/A 250000 PROGRAM EXPANSION CAST 40 HARVARD MILLS SQUARE SUIT 3 WAKEFIELD MA 01880 222746879 501 ( C ) 3 100000 PROGRAM EXPANSION DATA QUALITY CAMPAIGN 1341 G STREET NW SUITE 700 WASHINGTON DC 20005 274566795 501 ( C ) 3 67500 PROGRAM EXPANSION DETROIT JUSTICE CENTER 2465 LONGFELLOW ST DETROIT MI 48206 822295339 N/A 50000 PROGRAM EXPANSION EDUCATION LEADERS OF COLOR INC 16430 JANINE DRIVE WHITTIER CA 90603 812253548 501 ( C ) 3 250000 PROGRAM EXPANSION ENLEARN 400 N 34TH ST 310 SEATTLE WA 98103 461009728 501 ( C ) 3 750000 PROGRAM EXPANSION EYE TO EYE 50 BROAD ST SUITE 1702 NEW YORK NY 10004 510570498 501 ( C ) 3 100000 PROGRAM EXPANSION FAMILY INDEPENDENCE INITIATIVE 5539 DEER RUN DRIVE EL SOBRANTE CA 94803 651187733 501 ( C ) 3 350000 PROGRAM EXPANSION FLIKSHOP 9630 MILESTON WAY UNIT 4059 COLLEGE PARK MD 20740 453724273 N/A 50000 PROGRAM EXPANSION GREAT SCHOOLS 1999 HARRISON STREET SUITE 1100 OAKLAND CA 94612 943311628 501 ( C ) 3 282500 PROGRAM EXPANSION HIGHLANDER INSTITUTE 166 VALLEY ST BLDG 31 SUITE 101 PROVIDENCE RI 02909 223115046 501 ( C ) 3 250000 PROGRAM EXPANSION IMBLAZE (BIG PICTURE LEARNING) 325 PUBLIC ST PROVIDENCE RI 02905 050485883 501 ( C ) 3 250000 PROGRAM EXPANSION INACOL 1934 OLD GALLOWS RD SUITE 350 VIENNA VA 22182 200310109 501 ( C ) 3 250000 PROGRAM EXPANSION INNOVATE PUBLIC SCHOOLS 1400 PARKMOOR AVE NO 240 SAN JOSE CA 95126 462155826 501 ( C ) 3 268000 PROGRAM EXPANSION JUMPSTART 308 CONGRESS ST 6TH FLOOR BOSTON MA 02210 043262046 501 ( C ) 3 75000 PROGRAM EXPANSION LEADING EDUCATORS 1824 ORETHA CASTLE HALEY BLVD NEW ORLEANS LA 70113 451447048 501 ( C ) 3 625000 PROGRAM EXPANSION LEAP INNOVATIONS C/O 1871 222 W MERCHANDISE MART PLAZA SUITE 1212 CHICAGO IL 60654 464784152 501 ( C ) 3 650000 PROGRAM EXPANSION THE LEARNING ACCELERATOR 10605 FARALLONE DR CUPERTINO CA 95014 461059054 501 ( C ) 3 250000 PROGRAM EXPANSION LEARNING INNOVATION FUND (MIT MEDIA LAB) 77 MASSACHUSETTS AVENUE NE49-3142 CAMBRIDGE MA 02139 042103594 501 ( C ) 3 200000 PROGRAM EXPANSION LIFTED 120 LINDEN ST OAKLAND CA 94607 811454016 N/A 100000 PROGRAM EXPANSION THE MATCH FOUNDATION INC 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 043476160 501 ( C ) 3 450000 PROGRAM EXPANSION MINDRIGHT 3400 PROSPECT ST NW WASHINGTON DC 20007 813042564 501 ( C ) 3 50000 PROGRAM EXPANSION MISSION LAUNCH INC 10 E NORTH AVE C/O IMPACT HUB BALTIMORE BALTIMORE MD 21202 454633339 501 ( C ) 3 50000 PROGRAM EXPANSION MORTAR CINCINNATI 1329 VINE ST CINCINNATI OH 45202 472431620 501 ( C ) 3 50000 PROGRAM EXPANSION NATIONAL CENTER FOR LEARNING DISABILITIES 32 LAIGHT ST 2ND FLOOR NEW YORK NY 10013 132899381 501 ( C ) 3 100000 PROGRAM EXPANSION NATIONAL CENTER FOR SPECIAL EDUCATION IN CHARTER SCHOOLS INC 420 LEXINGTON AVE SUITE 300 NEW YORK NY 10170 463576125 501 ( C ) 3 100000 PROGRAM EXPANSION OBODO (THROUGH MISSION LAUNCH) 730 DANNY LANE OFALLON MO 63366 454633339 N/A 50000 PROGRAM EXPANSION PAVE C/O WEWORK 1342 FLORIDA AVE NW WASHINGTON DC 20009 812330119 501 ( C ) 3 50000 PROGRAM EXPANSION POLICY INNOVATORS IN EDUCATION 510 1ST AVE NORTH SUITE 408 MINNEAPOLIS MN 55403 275550971 501 ( C ) 3 18000 PROGRAM EXPANSION POWERMYLEARNING 520 8TH AVE 10TH FLOOR NEW YORK NY 10018 133935309 501 ( C ) 3 250000 PROGRAM EXPANSION THE PRISON SCHOLAR FUND 1752 NW MARKET ST 953 SEATTLE WA 98107 412175677 501 ( C ) 3 50000 PROGRAM EXPANSION REENTRY CAMPUS PROGRAM 1 EMPIRE ST PROVIDENCE RI 02903 822962618 501 ( C ) 3 50000 PROGRAM EXPANSION SALEM PUBLIC SCHOOLS (CITY OF SALEM) 29 HIGHLAND AVE SALEM MA 01970 046001413 N/A 100000 PROGRAM EXPANSION SONTAG PRIZE IN URBAN EDUCATION 50 MILK ST 16TH FLOOR BOSTON MA 02109 471265528 501 ( C ) 3 50000 PROGRAM EXPANSION THE LADIES OF HOPE MINISTRIES (OPERATION RESTORATION) 712 CARLTON AVE APT C METAIRIE LA 70005 611791941 501 ( C ) 3 50000 PROGRAM EXPANSION THINK OF US 88 PINE ST NEW YORK NY 10005 821157215 501 ( C ) 3 50000 PROGRAM EXPANSION THIRD SECTOR CAPITAL PARTNERS 200 CLARENDON ST 44TH FLOOR BOSTON MA 02116 461301032 501 ( C ) 3 250000 PROGRAM EXPANSION TRANSCEND 159 LINCOLN AVE HASTINGSONHUDSON NY 10706 300878820 501 ( C ) 3 250000 PROGRAM EXPANSION UNBOUNDED 81 PROSPECT ST BROOKLYN NY 11201 431243999 501 ( C ) 3 250000 PROGRAM EXPANSION VALOR COLLEGIATE ACADEMIES 4527 NOLENSVILLE PIKE NASHVILLE TN 37211 461413472 501 ( C ) 3 250000 PROGRAM EXPANSION YOUTH BUILD USA 58 DAY ST SOMERVILLE MA 02144 223076454 501 ( C ) 3 100000 PROGRAM EXPANSION 35 6 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 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. X X X 0 0 0 0 0 0 0 0 0 VANESSA KIRSCH FOUNDER AND CEO 346102 0 52500 0 0 0 6000 0 18672 0 423274 0 0 0 DOUG BORCHARD MANAGING PARTNER, COO 259246 0 38250 0 0 0 6000 0 2080 0 305576 0 0 0 IAN MAGEE MANAGING PARTNER, CFO 222062 0 0 0 0 0 4625 0 9382 0 236069 0 0 0 ELIZA GREENBERG MANAGING PARTNER 235588 0 0 0 0 0 0 0 18672 0 254260 0 0 0 SARA CONAHAN MANAGING PARTNER, SR. PHILANTHROPIC 226932 0 12500 0 0 0 1025 0 9382 0 249839 0 0 0 DEBORAH SMOLOVER EXECUTIVE DIRECTOR OF AMER 301914 0 0 0 0 0 6000 0 18922 0 326836 0 0 0 JACOB SCHRAMM MANAGING PARTNER, LEARN TO 260179 0 0 0 0 0 6000 0 2890 0 269069 0 0 0 SHRUTI SEHRA MANAGING PARTNER, REIMAGIN 226161 0 0 0 0 0 6000 0 9207 0 241368 0 0 0 KIMBERLY SYMAN MANAGING PARTNER 233327 0 0 0 0 0 6000 0 21092 0 260419 0 0 0 X 8 457169 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE NUMBER 8 IN COLUMN B REFERS TO THE NUMBER OF STOCK CONTRIBUTIONS. 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.