2018-05-14T16:38:54-05:00 2017-06-30 271728945 PKF O'Connor Davies LLP 665 Fifth Avenue New York NY 10022 990 2016-07-01 452736163 new classrooms innovation partnersinc NEWC 2129206130 1250 broadway 30th floor new york NY 10001 JOEL ROSE CEO 2129206130 2018-05-14 1 Garrett M Higgins P00543209 2122862600 2018-05-14 2016 2022-09-23 18:48:47Z Joel Rose 1250 broadway 30th floor new york NY 10001 21930646 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 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 8 124 9 0 0 9458025 15056652 3186022 4896073 -6977 6265 119120 89860 12756190 20048850 0 0 0 0 7948802 9776060 0 0 717643 5753420 6574231 13702222 16350291 -946032 3698559 6302826 10799597 1224219 2022431 5078607 8777166 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 13045082 4896073 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 40 SCHOOLS FOR MORE THAN 12,000 STUDENTS DURING THE 2016 - 2017 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 2016-17 SCHOOL YEAR, STUDENTS ACHIEVED 1.4X THE NATIONAL AVERAGE ON THE MAP EXAM. FURTHERMORE, WE HAD STRONG GROWTH AMONG SUB-GROUPS, WITH ENGLISH LANGUAGE LEARNERS, SPECIAL EDUCATION STUDENTS, AND STUDENTS PERFORMING BELOW GRADE LEVEL THAT DEMONSTRATED, ON AVERAGE, 1.5 YEARS OF GROWTH IN MATH. 13045082 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 104 0 124 1 0 0 0 0 0 0 0 0 0 0 X 10 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CO CT DC FL GA IL NC NJ NV NY OH OK WA 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 1.00 X 0 0 0 Jean-Claude Brizard diRECTOR 1.00 X 0 0 0 Palmina Fava diRECTOR 1.00 X 0 0 0 JOSHUA LEWIS DIRECTOR 1.00 X 0 0 0 gideon stein dIRECTOR 1.00 X 0 0 0 joEL ROSE director/Chief executive officer 40.00 X X 311181 0 10847 christopher rUSH director/Chief pROGRAM OFFicer 40.00 X X 312398 0 13692 elizabeth barker director of finance 40.00 X 128362 0 15192 susan fine chief academic officer 40.00 X 198246 0 13320 elizabeth pawlson chief growth officer 40.00 X 124885 0 13923 robert Swanwick VP of Product Division 40.00 X 200786 0 13397 Christopher hollander Data Solutions Architect 40.00 X 165756 0 29970 christine sargent vp of program operation 40.00 X 166773 0 15004 Mark Williams VP of School Partnerships 40.00 X 161152 0 11002 Jessica Carey Senior Director of talent 40.00 X 151444 0 14532 1920983 0 150879 29 0 1 0 Haemimont AD Dimo Simeonove BIZ IZOT Office 41 Sofia BU 1784 Technology consulting and development Se 378728 Nucor Construction Corp 117 W 28th St New York NY 10001 General Contracting Services 174722 Kiwi Partners Inc 237 W 35th Street Suite 1101 New York NY 10001 HR Services 147197 Teachers College Columbia University 525 West 120th St New York NY 10027 Research Services 111486 4 957069 14099583 1881796 15056652 Program service fees 611710 4896073 4896073 4896073 5139 5139 81100 0 81100 81100 81100 1882922 1881796 1126 1126 1126 Rebate/refund/other 900099 8760 8760 8760 20048850 4896073 0 96125 1073863 424163 567462 82238 7308514 5957792 960117 390605 108201 86914 15250 6037 497293 392476 76549 28268 788189 601704 142011 44474 60932 60932 1098 1098 855102 639564 167751 47787 26038 16689 9259 90 73044 34216 35535 3293 432989 303762 119810 9417 953067 737944 163819 51304 336506 216446 94984 25076 95182 14997 54345 25840 2242 2242 2617986 2547782 70204 23998 18320 4324 1354 ONSITE PROGRAM EXPENSE 884749 884749 BAD DEBT 144921 144921 equip., repair, & main. 43323 21604 20536 1183 Dues 16815 16815 6239 1039 4523 677 16350291 13045082 2587566 717643 515890 1121080 1960908 5115713 412548 495000 659629 933465 142007 72617 516501 302284 160126 214217 2451718 2847505 6302826 10799597 932710 1095497 291509 926934 1224219 2022431 X 4180758 4368217 897849 4408949 5078607 8777166 6302826 10799597 3698559 0 X X 0 1 X 1 1 1 X 7187631 7247813 9523566 9458025 15056652 48473687 7187631 7247813 9523566 9458025 15056652 48473687 20804289 27669398 56100 113875 128665 125860 86239 510739 4277 3224 3286 320 8760 19867 49004293 13746535 0.56460 0.44290 X Schedule A, Part II, Line 10, Explanation of Other Income: Check/credit card Refund - 2014 Amount: $ 2,880. Rebate/refund/other - 2012 Amount: $ 4,277. 2013 Amount: $ 3,224. 2014 Amount: $ 406. 2015 Amount: $ 320. 2016 Amount: $ 8,760. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 164299 78095 86204 244128 194896 49232 108074 29293 78781 214217 security deposit 1000 Software development costs, net 2846505 2847505 deferred Rent 176594 Deferred Contract Revenue 731175 other Liabilities 19165 926934 X 20200910 152060 152060 20048850 0 20048850 16502351 152060 152060 16350291 0 16350291 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, 2014. X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 joEL ROSE director/Chief executive officer 269941 0 39800 0 1440 0 3000 0 7847 0 322028 0 0 0 christopher rUSH director/Chief pROGRAM OFFicer 271734 0 39800 0 864 0 3000 0 10692 0 326090 0 0 0 susan fine chief academic officer 181316 0 16750 0 180 0 3000 0 10320 0 211566 0 0 0 robert Swanwick VP of Product Division 177001 0 20000 0 3785 0 3000 0 10397 0 214183 0 0 0 Christopher hollander Data Solutions Architect 165636 0 0 0 120 0 2694 0 27276 0 195726 0 0 0 christine sargent vp of program operation 159165 0 7500 0 108 0 2232 0 12772 0 181777 0 0 0 Mark Williams VP of School Partnerships 148544 0 12500 0 108 0 3000 0 8002 0 172154 0 0 0 Jessica Carey Senior Director of talent 146324 0 5000 0 120 0 0 0 14532 0 165976 0 0 0 Part I, Line 1a The organization provides a housing allowance to Robert Swanwick, Vice President of Product Division, in the amount of $3,605. This amount is taxable and included in box 5 of his 2016 Form W-2 and included in Column B (III) on part II of Schedule J. Part I, Line 7 In addition to the compensation provided for each fiscal year during the term, the CEO and CPO are eligible to earn an annual bonus of up to 15% of their base salary (or a pro rata portion of the same amount in respect of any partially completed fiscal year during the term) based upon the achievement of performance objectives established by the Board. The Board shall discuss such objectives with the CEO and CPO, but the Board shall have the sole discretion to establish the performance objectives and in determining whether both objective and subjective performance measures have been accomplished. These bonuses, if any, are payable within six months following the year for which such bonus is earned. A small percentage of employees are provided with a non-performance based retention bonus upon the anniversary of their employment date or on the last day of the fiscal year as indicated by their terms of hire. X 4 1881796 avg. selling price 0 0 0 0 Part I, Column (b): the organization is reporting the number of contributors in part 1, 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 have a duty to 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 fair and reasonable. The interested person does 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 periodically commissions an outside party to conduct a benchmarking study of Chief-level compensation to inform annual compensation increases. As part of the review, the committee references available market data for comparable positions (via independently verified sources as well as reported 990 Compensation of like size and focus peer organizations), and takes into account internal equity considerations, as well. The Co-founders' compensation review process is documented in the minutes of the board meetings, and the last benchmarking study was undertaken in June of 2017. 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.