2018-07-25T10:24:26-05:00 2017-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2017-01-01 043396766 NEW PROFIT INC NEWP 6179128800 200 CLARENDON STREET 44TH FLOOR BOSTON MA 02116 DOUG BORCHARD MANAGING DIRECTOR AND COO 6179128800 2018-07-05 1 MATTHEW HUTT CPA P01070603 5083669100 2018-07-05 2017 2022-09-23 18:48:47Z DOUG BORCHARD 200 CLARENDON STREET 44TH FLOOR BOSTON MA 02116 16776304 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. 17 17 78 17 0 0 38960652 16115471 9379 578706 14667 80345 282730 1782 39267428 16776304 12308719 10849414 0 0 8812165 9372814 0 0 1282002 5260591 5578343 26381475 25800571 12885953 -9024267 56303188 45473808 1496181 777108 54807007 44696700 X NEW PROFIT INC. IS A NONPROFIT SOCIAL INNOVATION ORGANIZATION AND VENTURE PHILANTHROPY FUND SEEKING TO INCREASE SOCIAL MOBILITY FOR FAMILIES AND COMMUNITIES BY ACCELERATING THE BEST IDEAS ACROSS THE NATION. THE ORGANIZATION COLLABORATES WITH A DIVERSE GROUP OF INVESTORS AND PARTNERS FROM ACROSS SECTORS TO ADVANCE SOCIAL INNOVATIONS AND DRIVE SYSTEMIC CHANGE, ULTIMATELY TRANSFORMING THE LIVES OF CHILDREN, FAMILIES, AND COMMUNITIES. 0 0 7554451 5297240 250000 THROUGH THE INNOVATION FUND'S PORTFOLIO INVESTMENT PROGRAM, NEW PROFIT INVESTS FINANCIAL AND INTELLECTUAL CAPITAL IN A PORTFOLIO OF SOCIAL ENTREPRENEUR-LED ORGANIZATIONS (DESCRIBED AS PORTFOLIO ORGANIZATIONS) AND HELPS THEM TO GROW THEIR ORGANIZATIONS, INCREASE THE SCALE AND QUALITY OF THEIR IMPACT, EXPAND THEIR NETWORKS, AND TRANSFORM THEIR FIELDS. THE PORTFOLIO INVESTMENT TEAM SUPPORTS THESE ORGANIZATIONS IN NAVIGATING CHALLENGES AND TRACKING THEIR PROGRESS IN FIVE MAJOR AREAS-IMPACT AND INNOVATION, GROWTH, LEADERSHIP AND GOVERNANCE, ORGANIZATIONAL STRATEGY, AND METRICS. A STRATEGIC PARTNERSHIP 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 $1,101,753 OF DONATED CONSULTING SERVICES THROUGH A PRO-BONO AGREEMENT WITH DELOITTE. CERTAIN COMPONENTS OF NEW PROFIT'S PORTFOLIO INVESTMENT PROGRAM, EXPANDING BEYOND THE PORTFOLIO SUPPORT DESCRIBED ABOVE, ARE EXECUTED THROUGH NEW PROFIT'S ISSUE BASED FOCUS FUNDS, WHICH 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. AS OF DECEMBER 31, 2017, NEW PROFIT HAD FIVE FOCUS FUNDS AND ARE DESCRIBED AS SEPARATE PROGRAMS IN PART III. 3648907 950000 THE REIMAGINE LEARNING FUND IS A COLLABORATIVE EFFORT ESTABLISHED TO CREATE A COMMUNITY OF LEARNING AND ACTION IN ORDER TO ELIMINATE SILOS BETWEEN AREAS ON THE OUTSKIRTS OF EDUCATION REFORM AND TO NURTURE A COMPREHENSIVE MOVEMENT THAT ADDRESSES THE HOLISTIC NEEDS OF EVERY CHILD, PARTICULARLY THOSE WITH LEARNING DIFFERENCES OR SOCIAL EMOTIONAL OR MENTAL HEALTH ISSUES. THE VISION FOR THE FUND IS THAT EVERY CHILD IS EQUIPPED WITH THE SKILLS TO MASTER LEARNING AND REALIZE HIS OR HER POTENTIAL. THE SERVICES PROVIDED TO THE PORTFOLIO ORGANIZATIONS ALSO INCLUDE THOSE PROVIDED WITHIN THE INNOVATION FUND. ORGANIZATIONS FUNDED THROUGH THE REIMAGINE LEARNING FUND HAVE RECEIVED $565,888 OF DONATED CONSULTING SERVICES THROUGH A PRO-BONO AGREEMENT WITH DELOITTE. 3574533 2800000 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 THE PORTFOLIO ORGANIZATIONS ALSO INCLUDE THOSE PROVIDED WITHIN THE INNOVATION FUND. 7232900 1802174 330488 REIMAGINE SCHOOL SYSTEMS FUND - THE REIMAGINE SCHOOL SYSTEMS FUND SEEKS TO RAPIDLY INCREASE THE NUMBER OF HIGH PERFORMING SCHOOLS SERVING LOW-INCOME STUDENTS BY CHANGING THE WAY SCHOOL SYSTEMS WORK AND LIFTING UP NEW REFORM MODELS THAT CAN BE USED AT SCALE ACROSS THE COUNTRY. THIS FUND SEEKS TO CHANGE THIS SITUATION AND CREATE NEW OPPORTUNITY IN LOW-INCOME COMMUNITIES BY INVESTING IN STRATEGIES TO: (1) INFLUENCE SCHOOL DISTRICTS TO CREATE CONDITIONS AND DEMAND FOR PARTNERSHIPS BETWEEN DISTRICTS AND NON-PROFIT CHARTER SCHOOL OPERATORS, AND (2) INCREASE THE SUPPLY OF GREAT NON-PROFIT CHARTER SCHOOL OPERATORS TO MEET THAT DEMAND.LEARN TO EARN FUND - THE LEARN TO EARN FUND IS FOCUSED ON ACCELERATING PROGRESS IN EFFORTS TO DEVELOP TEN MILLION MORE CAREER-READY AMERICANS BY 2025. THE CORE OF THIS EFFORT IS REACHING MORE LOW-INCOME STUDENTS BY BUILDING AND SCALING COLLABORATION BETWEEN LARGE EMPLOYERS WHO NEED QUALIFIED EMPLOYEES AND NONPROFIT ORGANIZATIONS WORKING IN K-12 AND POST-SECONDARY EDUCATION. THE FUND SEEKS TO CATALYZE DISRUPTIVE INNOVATION IN THE SPACE, ENGAGE IN POLICY ADVOCACY TO HELP CREATE CONDITIONS FOR THOSE INNOVATIONS TO SCALE, AND COLLABORATE DIRECTLY WITH LARGE EMPLOYERS WHO CAN CREATE POWERFUL JOB PIPELINES.THE ORGANIZATION ALSO CONDUCTS A VARIETY OF FIELD LEADERSHIP ACTIVITIES THAT CONSTANTLY PUSH THE SOCIAL SECTOR TO EMBRACE INNOVATION AND GENERATE NEW SOLUTIONS. INCLUDED WITHIN THE ORGANIZATION'S FIELD LEADERSHIP EFFORTS ARE AMERICA FORWARD AND GATHERING OF LEADERS INITIATIVES. AMERICA FORWARD IS THE ORGANIZATION'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. AMERICA FORWARD WORKS WITH POLICYMAKERS TO FOSTER SOCIAL ENTREPRENEURSHIP, SPUR INNOVATION, IDENTIFY MORE EFFECTIVE AND EFFICIENT SOLUTIONS, REWARD RESULTS, AND CATALYZE PARTNERSHIPS ACROSS SECTORS. IN ADDITION, THE ORGANIZATION HAS CREATED COMMUNITIES OF LEARNING FOR SOCIAL ENTREPRENEURS TO COLLABORATE, SHARE, AND NETWORK FOR MAXIMUM IMPACT. THIS ECOSYSTEM 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 EDUCATION, JOBS, COMMUNITY HEALTH, POVERTY ALLEVIATION, AND OTHER AREAS CRITICAL TO SOCIAL MOBILITY. THE GATHERING OF LEADERS, THE ORGANIZATION'S ANNUAL CONVENING, IS THE SIGNATURE PLATFORM FOR THIS WORK. 7232900 1802174 330488 22010791 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 63 0 1 78 1 0 0 0 0 0 0 0 0 0 0 X 17 17 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 200 CLARENDON STREET 44TH FLOOR BOSTON MA 02116 BILL MCCLEMENTS CLERK 1.00 X X 0 0 0 JEFF WALKER CHAIRMAN 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 JIM PALLOTTA 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 VANESSA KIRSCH FOUNDER AND CEO 45.00 X X 389090 0 22677 BRIAN SPECTOR DIRECTOR 1.00 X 0 0 0 DOUG BORCHARD MANAGING PARTNER CHIEF OPERATING OFFICER 45.00 X 291694 0 8290 IAN MAGEE MANAGING PARTNER, CHIEF FINANCIAL OFFICER 45.00 X 218068 0 9241 ELIZA GREENBERG MANAGING PARTNER 45.00 X 229346 0 15390 DEBORAH SMOLOVER EXECUTIVE DIRECTOR OF AMER 45.00 X 314978 0 21822 JACOB SCHRAMM MANAGING PARTNER, LEARN TO EARN FUND 45.00 X 250519 0 25398 SHRUTI SEHRA MANAGING PARTNER, REIMAGINE AND EARLY LEARNING FDS 45.00 X 222000 0 14261 KIMBERLY SYMAN MANAGING PARTNER 45.00 X 228616 0 24006 TULAINE MARSHALL MANAGING PARTNER 45.00 X 206923 0 8441 2351234 0 149526 34 0 1 0 DELOITTE CONSULTING LLP PO BOX 844717 DALLAS TX 75284 PORTFOLIO CONSULTING 542000 VOLITION LLC 3 SOUTH BROOK ROAD LINCOLN MA 01771 PORTFOLIO AND STRATEGY CONSULTING 436840 EVALUATION STRATEGIES LLC 5019 RENO RD NW WASHINGTON DC 20008 EVALUATION CONSULTING 240000 RESEARCH FOR ACTION 100 SOUTH BROAD STREET SUITE 700 PHILADELPHIA PA 09110 EVALUATION CONSULTING 197075 JANE FEINBERG 43 SHAW RD BELMONT MA 02478 STRATEGY, GRASSROOTS SUPPORT, AND REPRES 165000 5 16115471 16115471 NETWORKING EVENT FEES 900099 328706 328706 ADVISORY FEES 541610 250000 250000 578706 80345 80345 MISCELLANEOUS 900099 1782 1782 1782 16776304 580488 0 80345 X 10849414 10849414 1181396 431482 500946 248968 6999581 5497477 1076389 425715 133668 102154 22866 8648 526521 398575 92606 35340 531648 388103 101013 42532 195663 195663 21979 21979 3150814 2590814 161985 398015 106187 58723 32627 14837 723553 509230 133336 80987 408283 342848 43893 21542 849377 776132 70789 2456 5266 5266 MISCELLANEOUS 75307 31229 41116 2962 RECRUITING AND TALENT 41914 12631 29283 0 25800571 22010791 2507778 1282002 673036 3895451 15814789 13547565 39656420 27868628 158943 135372 32058 5266 0 26792 56303188 45473808 993009 777108 503172 0 1496181 777108 X 1460711 2819884 53346296 41876816 54807007 44696700 56303188 45473808 X -9024267 -1086040 X X 0 1 X 1 0 X 42164797 24357429 37221348 38960652 16115471 158819697 42164797 24357429 37221348 38960652 16115471 158819697 43091620 115728077 691 1990 1653 24046 80345 108725 17657 53880 74488 282730 1782 430537 159358959 578706 0.72620 0.72110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000000 1000000 1000000 1000000 4000000 6000000 40600 40600 59164 21979 162343 250000 250000 250000 250000 1000000 1500000 32058 5266 26792 26792 X 18491080 2077735 -362959 1714776 16776304 0 16776304 27878306 2077735 2077735 25800571 0 25800571 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, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: CANCELLED COMMITMENTS RECEIVABLE -362,959. 1 ABRIENDOS PUERTASOPENING DOORS (A PROJECT OF THE TIDES CENTER) 1000 NORTH ALAMEDA STREET 240 LOS ANGELES CA 90012 943213100 501 ( C ) 3 50000 PROGRAM EXPANSION ACELERO LEARNING 63 WEST 125TH STREET 6TH FLOOR HARLEM NY 10027 300077025 N/A 250000 PROGRAM EXPANSION ACHIEVEMENT NETWORK 225 FRIEND ST 704 BOSTON MA 02114 203289870 501 ( C ) 3 500000 PROGRAM EXPANSION BIG PICTURE LEARNING 325 PUBLIC STREET PROVIDENCE RI 02905 050485883 501 ( C ) 3 250000 PROGRAM EXPANSION BLACK TEACHERS COLLABORATIVE (A PROJECT OF NEW VENTURE FUND) C/O NEW VENTURE FUND 1201 CONNECTIC T AVE NW SUITE 300 WASHINGTON DC 20036 205806345 N/A 50000 PROGRAM EXPANSION CAMELBACK VENTURES 643 MAGAZINE STREET SUITE 206 NEW ORLEANS LA 70130 463169470 501 ( C ) 3 50000 PROGRAM EXPANSION CITY CONNECTS (A PROJECT OF BOSTON COLLEGE) 140 COMMONWEALTH AVE CHESTNUT HILL MA 02467 042103545 N/A 150000 PROGRAM EXPANSION CITY YEAR 287 COLUMBUS AVE BOSTON MA 02116 201055716 501 ( C ) 3 150000 PROGRAM EXPANSION DATA QUALITY CAMPAIGN 1341 G STREET NW SUITE 700 WASHINGTON DC 20005 274566795 501 ( C ) 3 110000 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 FAITH ACTS FOR EDUCATION INC 285 FAIRFIELD AVE BRIDGEPORT CA 06604 472150020 501 ( C ) 3 50000 PROGRAM EXPANSION FAMILY INDEPENDENCE INITIATIVE 5539 DEER RUN DRIVE EL SOBRANTE CA 94803 651187733 501 ( C ) 3 472240 PROGRAM EXPANSION GREAT SCHOOLS 1999 HARRISON STREET SUITE 1100 OAKLAND CA 94612 943311628 501 ( C ) 3 325000 PROGRAM EXPANSION HIGHLANDER INSTITUTE 166 VALLEY ST BLDG 31 SUITE 101 PROVIDENCE RI 02909 223115046 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 250000 PROGRAM EXPANSION JUMPSTART 308 CONGRESS ST 6TH FLOOR BOSTON MA 02210 043262046 501 ( C ) 3 750000 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 250000 PROGRAM EXPANSION LEARNING ACCELERATORS 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 LEARNING LANDSCAPES (TEMPLE UNIVERSITY) 1803 N BROAD STREET CARNELL HALL SUITE 615 PHILADELPHIA PA 19122 231365971 501 ( C ) 3 100000 PROGRAM EXPANSION LIFT INC 1620 STREET NW SUITE 820 WASHINGTON DC 20006 522168409 501 ( C ) 3 250000 PROGRAM EXPANSION MANAGEMENT LEADERSHIP FOR TOMORROW 7201 WISCONSIN AVENUE SUITE 400 BETHESDA MD 20814 521795164 501 ( C ) 3 500000 PROGRAM EXPANSION THE MATCH FOUNDATION INC 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 043476160 501 ( C ) 3 450000 PROGRAM EXPANSION MOTHERS FOR JUSTICE AND EQUALITY 184 DUDLEY STREET ROXBURY MA 02119 453741482 501 ( C ) 3 50000 PROGRAM EXPANSION NEW POLITICS LEADERSHIP ACADEMY 9 EAST STREET 2 BOSTON MA 02111 462202997 501 ( C ) 3 12727 PROGRAM EXPANSION NEW TEACHER CENTER 100 COOPER ST SUITE 500 SANTA CRUZ CA 95060 262427526 501 ( C ) 3 1000000 PROGRAM EXPANSION NEW VENTURE FUND 1201 CONNECTICUT AVE NW SUITE 300 WASHINGTON DC 20036 205806345 501 (C) 3 200000 PROGRAM EXPANSION PAVE C/O WEWORK 1342 FLORIDA AVE NW WASHINGTON DC 20009 812330119 501 ( C ) 3 25000 PROGRAM EXPANSION POWERMYLEARNING 520 8TH AVE 10TH FLOOR NEW YORK NY 10018 133935309 501 ( C ) 3 400000 PROGRAM EXPANSION RISE COLORADO 1595 ELMIRA ST 201 AURORA CO 80010 473566342 501 ( C ) 3 54447 PROGRAM EXPANSION SIDE PROJECT 980 NORTH FEDERAL HWY SUITE 110 BOCA RATON FL 33432 460769403 501 ( C ) 3 25000 PROGRAM EXPANSION SURGE INSTITUTE 320 WEST OHIO ST SUITE 3W CHICAGO IL 60654 471995566 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 TURNAROUND FOR CHILDREN 25 WEST 45TH ST 6TH FLOOR NEW YORK NY 10036 061495529 501 ( C ) 3 250000 PROGRAM EXPANSION UMASS BOSTON 100 MORRISSEY BLVD BOSTON MA 02125 043167352 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 38 3 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, 2017, NEW PROFIT INCURRED $5,687,197 OF PERSONNEL COSTS RELATING TO THE PORTFOLIO MANAGEMENT ACTIVITES AND SUPPORT TO ITS PORTFOLIO ORGANIZATIONS. THIS AMOUNT REPRESENTED APPROXIMATELY 56% OF THE TOTAL PERSONNEL COSTS OF NEW PROFIT IN 2017. X X X 0 0 0 0 0 0 0 0 0 VANESSA KIRSCH FOUNDER AND CEO 339090 0 50000 0 0 0 6000 0 16677 0 411767 0 0 0 DOUG BORCHARD MANAGING PARTNER CHIEF OPERATING OFF 254194 0 37500 0 0 0 6000 0 2290 0 299984 0 0 0 IAN MAGEE MANAGING PARTNER, CHIEF FINANCIAL OF 218068 0 0 0 0 0 680 0 8561 0 227309 0 0 0 ELIZA GREENBERG MANAGING PARTNER 229346 0 0 0 0 0 0 0 15390 0 244736 0 0 0 DEBORAH SMOLOVER EXECUTIVE DIRECTOR OF AMER 314978 0 0 0 0 0 6000 0 15822 0 336800 0 0 0 JACOB SCHRAMM MANAGING PARTNER, LEARN TO EARN FUND 250519 0 0 0 0 0 6000 0 19398 0 275917 0 0 0 SHRUTI SEHRA MANAGING PARTNER, REIMAGINE AND EARL 222000 0 0 0 0 0 6000 0 8261 0 236261 0 0 0 KIMBERLY SYMAN MANAGING PARTNER 228616 0 0 0 0 0 6000 0 18006 0 252622 0 0 0 TULAINE MARSHALL MANAGING PARTNER 206923 0 0 0 0 0 0 0 8441 0 215364 0 0 0 FORM 990, PART I, LINE 19 LEADING UP TO 2017, 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 2017 AND RELEASED TO UNRESTRICTED NET ASSETS, NEW PROFIT WAS ABLE TO END THE YEAR WITH A SURPLUS OF UNRESTRICTED CASH IN 2017. 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 2,590,814. MANAGEMENT AND GENERAL EXPENSES 161,985. FUNDRAISING EXPENSES 398,015. TOTAL EXPENSES 3,150,814. FORM 990, PART XI, LINE 9: CANCELLED COMMITMENTS RECEIVABLE -362,959. PROVISION FOR UNCOLLECTIBLE COMMITMENTS -723,081. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.