2019-04-23T11:16:34-05:00 2018-06-30 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2017-07-01 452736163 NEW CLASSROOMS INNOVATION PARTNERS INC NEWC 2129206130 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 JOEL ROSE CEO 2129206130 2019-04-23 1 GARRETT M HIGGINS P00543209 2122862600 2019-04-23 4.15.211.182 2019-04-23 09:56:24 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C5C0E2060BEB3F24671B5CC0358F632D6B4109AD 2017 2019-02-21 02:37:17Z JOEL ROSE 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 21360157 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 8 172 12 0 64380 15056652 14622293 4896073 4324361 6265 14074 89860 16500 20048850 18977228 0 0 0 0 9776060 11007805 0 32199 909950 6574231 6108213 16350291 17148217 3698559 1829011 10799597 12320570 2022431 1714393 8777166 10606177 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. 0 0 13551947 4324361 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 2017 - 2018 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. 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). ACROSS OUR PARTNER SCHOOLS FOR THE 2017-18 SCHOOL YEAR, STUDENTS ACHIEVED 1.5X THE NATIONAL AVERAGE ON THE MAP EXAM. FURTHERMORE, WE HAD STRONG GROWTH AMONG SUB-GROUPS, WITH ENGLISH LANGUAGE LEARNERS, CHILDREN WITH DISABILITIES AND STUDENTS PERFORMING BELOW GRADE LEVEL THAT DEMONSTRATED, ON AVERAGE, 1.6 YEARS OF GROWTH IN MATH. 13551947 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 0 172 1 1 1 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 CT 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 DOUG BORCHARD DIRECTOR THRU 6/1/2018 1.00 X 0 0 0 JEAN-CLAUDE BRIZARD DIRECTOR THRU 9/2/2017 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 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 294221 0 8510 CHRISTOPHER RUSH DIRECTOR/CHIEF PROGRAM OFFICER 41.00 X X 293191 0 14673 JASON SCHMIDT CHIEF FINANCIAL OFFICER AS OF 1/2018 40.00 X 0 0 0 ELIZABETH BARKER DIRECTOR OF FINANCE 40.00 X 138341 0 15443 SUSAN FINE CHIEF OF LEARNER DEVELOPMENT 40.00 X 209952 0 12964 JERRY WANG VP TECHNOLOGY 40.00 X 191568 0 8397 BETH COHEN VP EXTERNAL RELATIONS 40.00 X 191444 0 27300 CHRISTINE SARGENT VP PROGRAM OPERATION 40.00 X 183351 0 12964 CHRISTOPHER HOLLANDER DATA SOLUTIONS ARCHITECT 40.00 X 173237 0 32019 1675305 0 132270 30 0 1 0 HAEMIMONT AD DIMO SIMEONOVE BIZ IZOT OFFICE 41 SOFIA BU 1784 TECHNOLOGY & DEVELOPMENT SERVICES 294786 THOMPSON JOSHUA 281 AVENUE C APARTMENT 4C NEW YORK NY 10009 CONSULTING SERVICES 104932 2 1024581 13597712 2382929 14622293 PROGRAM SERVICE FEES 611710 4324361 4324361 4324361 18881 18881 16500 0 16500 16500 16500 2378122 2382929 -4807 -4807 -4807 18977228 4324361 0 30574 984454 248567 575049 160838 8416644 6737529 1209087 470028 143243 113776 20402 9065 514711 404460 77286 32965 948753 707796 177491 63466 1750 1750 18559 18559 32199 32199 271 271 727955 711171 11849 4935 32188 17371 13957 860 46411 40075 2223 4113 533828 421219 91288 21321 964155 731024 171726 61405 374221 209901 150008 14312 83902 11353 46033 26516 2686 2686 2577423 2495632 81791 28578 21320 5346 1912 ONSITE PROGRAM EXPENSE 620075 620075 EQUIP., REPAIR, & MAIN. 65050 48530 12169 4351 DUES 17361 103 16517 741 UNRELATED BUSINESS INCO 13800 10295 2582 923 17148217 13551947 2686320 909950 1121080 1220857 5115713 5868189 495000 303038 933465 607293 72617 54421 516501 384075 214217 132426 2847505 4134346 10799597 12320570 1095497 1183749 926934 530644 2022431 1714393 X 4368217 6422338 4408949 4183839 8777166 10606177 10799597 12320570 1829011 0 X X 0 1 X 1 1 1 X 7247813 9523566 9458025 15056652 14622293 55908349 7247813 9523566 9458025 15056652 14622293 55908349 24410262 31498087 113875 128665 125860 86239 35381 490020 3224 3286 320 8760 15590 56413959 16997897 0.55830 0.56460 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CHECK/CREDIT CARD REFUND - 2014 AMOUNT: $ 2,880. REBATE/REFUND/OTHER - 2013 AMOUNT: $ 3,224. 2014 AMOUNT: $ 406. 2015 AMOUNT: $ 320. 2016 AMOUNT: $ 8,760. 164299 102724 61575 244128 216034 28094 108074 65317 42757 132426 SECURITY DEPOSIT 1575 SOFTWARE DEVELOPMENT COSTS, NET 4132771 4134346 DEFERRED RENT 176594 DEFERRED CONTRACT REVENUE 330000 OTHER LIABILITIES 24050 530644 X 19115456 138228 138228 18977228 0 18977228 17286445 138228 138228 17148217 0 17148217 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, 2015. X X X X X 1 LIZA VAN GUNDY 1172 CHAPEL STREET NEW HAVEN CT 06511 GRANT WRITER 0 0 32199 -32199 32199 -32199 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 SHALL BE PAID $95 PER HOUR AS WELL AS AN ADDITIONAL $30 PER MONTH FOR TRAVEL AND IS LIMITED TO INVOICING FOR NO MORE THAN 35 HOURS/WEEK UNLESS AUTHORIZED IN WRITING BY NEW CLASSROOMS. X X X X X 0 0 0 0 0 0 0 0 0 JOEL ROSE DIRECTOR/CHIEF EXECUTIVE OFFICER 292320 0 0 0 1901 0 3000 0 5510 0 302731 0 0 0 CHRISTOPHER RUSH DIRECTOR/CHIEF PROGRAM OFFICER 292050 0 0 0 1141 0 3000 0 11673 0 307864 0 0 0 ELIZABETH BARKER DIRECTOR OF FINANCE 128044 0 10000 0 297 0 3000 0 12443 0 153784 0 0 0 SUSAN FINE CHIEF OF LEARNER DEVELOPMENT 190511 0 19000 0 441 0 3000 0 9964 0 222916 0 0 0 JERRY WANG VP TECHNOLOGY 181285 0 10000 0 283 0 0 0 8397 0 199965 0 0 0 BETH COHEN VP EXTERNAL RELATIONS 180995 0 10000 0 449 0 0 0 27300 0 218744 0 0 0 CHRISTINE SARGENT VP PROGRAM OPERATION 173318 0 9750 0 283 0 3000 0 9964 0 196315 0 0 0 CHRISTOPHER HOLLANDER DATA SOLUTIONS ARCHITECT 170442 0 2500 0 295 0 2786 0 29233 0 205256 0 0 0 X 3 2382929 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 HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED A REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. ONCE THE FORM 990 HAS BEEN PREPARED BY THE OUTSIDE ACCOUNTING FIRM WITH INPUTS FROM NEW CLASSROOMS, IT IS REVIEWED BY MANAGEMENT AND IS SUBMITTED TO THE FINANCE COMMITTEE OF THE BOARD FOR ADDITIONAL REVIEW. AFTER THE FINANCE COMMITTEE REVIEW THE FORM 990, THE RETURN IS SENT TO THE ENTIRE BOARD FOR ANY COMMENTS PRIOR TO SUBMISSION TO THE IRS. THE CEO AND CPO REVIEW AND ADDRESS ALL COMMENTS AND ENSURE THAT EACH ISSUE IS DOCUMENTED AND ADDRESSED PRIOR TO FINALIZING AND FILING THE FORM 990. ONCE COMPLETE THE FORM 990 IS FILED AS APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 12C AT LEAST 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 MEMBERS, THE COMMITTEE GATHERS REAL-TIME 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 MEMBERS THAT EXCEEDS THE MAXIMUM OF THE MARKET BENCHMARK RANGE FOR THAT GIVEN LEVEL, THE COMMITTEE FURTHER RESEARCHES AND APPROVES AS APPROPRIATE. ADDITIONALLY, THE COMMITTEE REGULARLY 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 FY2018. 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.