2016-08-08T16:18:37-05:00 2015-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2015-01-01 043396766 NEW PROFIT INC NEWP 6179128800 200 CLARENDON STREET 44TH FLOOR BOSTON MA 02116 GAIL FRANCK CFO 6179128800 2016-08-08 1 MATTHEW HUTT CPA P01070603 5083669100 2016-08-02 2015 2017-02-10 21:41:12Z X GAIL FRANCK 200 CLARENDON STREET 44TH FLOOR BOSTON MA 02116 37297489 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 12 80 17 0 0 24357429 37221348 0 0 1990 1653 53880 74488 24413299 37297489 16121975 16615286 0 0 8285252 8450298 0 0 1261426 5137293 5413060 29544520 30478644 -5131221 6818845 39166571 45206507 3907286 3128377 35259285 42078130 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 5305952 3940000 THROUGH ITS 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 $1,025,000 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, 2015, NEW PROFIT HAD FIVE FOCUS FUNDS AND ARE DESCRIBED AS SEPARATE PROGRAMS IN PART III. 5346722 2758000 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 $539,000 OF DONATED CONSULTING SERVICES THROUGH A PRO-BONO AGREEMENT WITH DELOITTE. 9376203 8248776 THE PATHWAYS FUND IS A PUBLIC/PRIVATE FUNDING PARTNERSHIP AMONGST THE ORGANIZATION, THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE'S (CNCS) SOCIAL INNOVATION FUND AND SEVERAL CORPORATE FOUNDATIONS. THE MISSION OF THE PATHWAYS FUND IS A PUBLIC/PRIVATE FUNDING PARTNERSHIP AMONGST THE ORGANIZATION, THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE'S (CNCS) SOCIAL INNOVATION FUND AND SEVERAL CORPORATE FOUNDATIONS. THE MISSION OF THE PATHWAYS FUND IS TO STRENGTHEN THE BRIDGE BETWEEN EDUCATION AND WORKFORCE DEVELOPMENT, SO THAT MORE LOW-INCOME YOUTH HAVE OPPORTUNITIES TO BUILD SUSTAINABLE LIVELIHOODS. THE PATHWAYS FUND REPRESENTS AN UNPRECEDENTED COLLECTIVE EFFORT BY A CROSS-SECTOR NETWORK OF INVESTORS AND HIGH PERFORMING NONPROFIT ORGANIZATIONS TO DELIVER MEASURABLE, SUSTAINABLE IMPACT FOR INDIVIDUALS, COMMUNITIES, AND EDUCATION TO EMPLOYMENT PIPELINES. EACH OF THE SIX PATHWAYS FUND SUB-GRANTEE ORGANIZATIONS PROVIDES A SET OF COMPREHENSIVE, TARGETED SUPPORTS FOR VULNERABLE, HIGH-RISK YOUTH GETTING THEM TO AND THROUGH COLLEGE AND INTO THE ECONOMIC MAINSTREAM. NEW PROFIT PARTNERS CLOSELY WITH EACH ORGANIZATION TO STRENGTHEN ITS OPERATIONS, IMPROVE ITS PROGRAMMATIC IMPACT, AND SCALE ITS INTERVENTIONS NATIONALLY. THE SERVICES PROVIDED TO THE PORTFOLIO ORGANIZATIONS ALSO INCLUDE THOSE PROVIDED WITHIN THE INNOVATION FUND. 2037335 718510 74488 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. ORGANIZATIONS FUNDED THROUGH THE EARLY LEARNING FUND HAVE RECEIVED $48,000 OF DONATED CONSULTING SERVICES THROUGH A PRO-BONO AGREEMENT WITH DELOITTE. 5125302 950000 INCLUDES THE FOLLOWING - REIMAGINE SCHOOL SYSTEMS:THE REIMAGINE SCHOOL SYSTEMS FUND (LAUNCHED IN 2014) 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. THE SERVICES PROVIDED TO THE PORTFOLIO ORGANIZATIONS ALSO INCLUDE THOSE PROVIDED WITHIN THE INNOVATION FUND. LEARN TO EARN: THE LEARN TO EARN FUND (LAUNCHED IN 2014) IS FOCUSED ON ACCELERATING PROGRESS IN EFFORTS TO DEVELOP 10 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.PORTFOLIO SUPPORT SERVICES:PORTFOLIO SUPPORT SERVICES INCLUDE COSTS RELATING TO DEVELOPING AND MAINTAINING CONSISTENT PORTFOLIO ORGANIZATION MANAGEMENT, INVESTMENT SELECTION AND PROGRAM EVALUATION PRACTICES THROUGHOUT THE ORGANIZATION'S PORTFOLIO. CERTAIN COMPONENTS ARE ALLOCATED TO EACH OF THE ORGANIZATION'S PORTFOLIO INVESTMENT PROGRAMS.FIELD LEADERSHIP:NEW PROFIT ALSO CONDUCTS A VARIETY OF FIELD LEADERSHIP ACTIVITIES THAT CONSTANTLY PUSH THE SOCIAL SECTOR TO EMBRACE INNOVATION AND GENERATE NEW SOLUTIONS. 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. IN ADDITION, 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. 7162637 1668510 74488 27191514 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 1 0 0 0 0 0 0 0 0 0 1 29 0 1 80 1 0 0 0 0 0 0 0 0 0 0 X 17 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY CA X GAIL FRANCK CFO 6179128808 200 CLARENDON STREET 44TH FLOOR BOSTON MA 02116 JEFF WALKER CHAIRMAN 1.00 X X 0 0 0 BILL MCCLEMENTS CLERK 1.00 X X 0 0 0 ED COHEN 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 HENRY MCCANCE DIRECTOR 1.00 X 0 0 0 STEVE BARNES 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 BARRY SALZBERG DIRECTOR 1.00 X 0 0 0 BRIAN SPECTOR DIRECTOR 1.00 X 0 0 0 JOSH BECKENSTEIN DIRECTOR 1.00 X 0 0 0 VANESSA KIRSCH FOUNDER AND CEO 45.00 X 329271 0 21061 DOUG BORCHARD MANAGING PARTNER, CHIEF OPERATING OFFICER 45.00 X 242981 0 6745 GAIL FRANCK MANAGING PARTNER, CHIEF FINANCIAL OFFICER 45.00 X 160793 0 4526 DEBORAH SMOLOVER EXECUTIVE DIRECTOR OF AMERICA FORWARD 45.00 X 311834 0 21683 JACOB SCHRAMM MANAGING PARTNER, LEARN TO EARN FUND 45.00 X 244088 0 21784 KIM SYMAN MANAGING PARTNER, FIELD LEADERSHIP & EARLY LEARNIN 45.00 X 223442 0 21068 ELIZA GREENBERG MANAGING PARTNER, INNOVATION FUND 45.00 X 219865 0 15068 SHRUTI SEHRA MANAGING PARTNER, REIMAGINE LEARNING AND EARLY LEA 45.00 X 210360 0 12836 1942634 0 124771 18 0 1 0 DELOITTE CONSULTING LLP 200 BERKELEY ST SUITE 400 BOSTON MA 02116 PORTFOLIO CONSULTING 730472 HIKER 231 WEST 29TH ST SUITE 801 NEW YORK NY 10001 COMMUNICATIONS AND DESIGN 265550 EVALUATION STRATEGIES 5019 RENO ROAD NW WASHINGTON DC 20008 EVALUATION 240000 VOLITION LLC 3 SOUTH BROOK ROAD LINCOLN MA 01771 PORTFOLIO AND STRATEGY CONSULTING 208334 EDUCATION COUNSEL 101 CONSTITUTION AVE NW SUITE 900 WASHINGTON DC 20001 POLICY CONSULTING 180000 9 4623470 32597878 37221348 1653 1653 MISCELLANEOUS 900099 74488 74488 74488 37297489 74488 0 1653 16615286 16615286 1165900 599897 514619 51384 6209227 4584759 903825 720643 136640 97732 22754 16154 471675 332389 85279 54007 466856 326799 88703 51354 1368173 1310180 52564 5429 51830 51830 40600 40600 1184235 1063665 39074 81496 333149 127580 29942 175627 570381 386903 119480 63998 347854 302427 18221 27206 1449597 1388804 50177 10616 12815 8447 2844 1524 15197 15197 MISCELLANEOUS 39229 6046 31195 1988 30478644 27191514 2025704 1261426 526707 447433 6981786 13955300 31132386 30152877 372702 650897 105039 105039 12815 0 140175 39166571 45206507 848651 1420060 3058635 1708317 3907286 3128377 X 2634786 600824 32624499 41477306 35259285 42078130 39166571 45206507 6818845 0 X X 0 1 X 1 1 1 X 8674162 16795036 42164797 24357429 37221348 129212772 8674162 16795036 42164797 24357429 37221348 129212772 32391897 96820875 207 6320 691 1990 1653 10861 61043 20950 17657 53880 74488 228018 129451651 0.74790 0.73500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40600 40600 30478844 30519444 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 12525 52000 40600 40600 145725 250000 250000 250000 250000 1000000 1500000 105039 105039 0 0 X 39555888 2258399 2258399 37297489 0 37297489 32737043 2258399 2258399 30478644 0 30478644 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, 2015 1 ACELERO LEARNING 63 WEST 125TH STREET 6TH FLOOR HARLEM NY 10027 300077025 CORPORATION 250000 PROGRAM EXPANSION ACHIEVEMENT NETWORK 225 FRIEND ST SUITE 704 BOSTON MA 02114 203289870 501 ( C ) 3 250000 PROGRAM EXPANSION COLLEGE POSSIBLE 450 NORTH SYNDICATE STREET SUITE 325 ST PAUL MN 55104 411968798 501 ( C ) 3 250000 PROGRAM EXPANSION AVANCE INC 118 NORTH MEDINA SUITE 380 SAN ANTONIO TX 78207 912074499 501 ( C ) 3 250000 PROGRAM EXPANSION COLLEGE ADVISING CORPS 301 W BARBEE CHAPEL ROAD SUITE 100 CHAPEL HILL NC 27517 461192687 501 ( C ) 3 130643 PROGRAM EXPANSION COLLEGE SUMMIT INC 1763 COLUMBIA ROAD NW 2ND FLOOR WASHINGTON DC 20009 522007028 501 ( C ) 3 1634028 PROGRAM EXPANSION EDUCATORS FOR EXCELLENCE 333 WEST 39TH STREET SUITE 703 NEW YORK NY 10018 273382030 501 ( C ) 3 250000 PROGRAM EXPANSION EYE TO EYE INC 1430 BROADWAY 6TH FLOOR NEW YORK NY 10018 510570498 501 ( C ) 3 250000 PROGRAM EXPANSION FAMILY INDEPENDENCE INITIATIVE 5539 DEER RUN DRIVE EL SOBRANTE CA 94803 651187733 501 ( C ) 3 600000 PROGRAM EXPANSION FIRST PLACE FOR YOUTH 426 17TH ST STE 100 OAKLAND CA 94612 943341034 501 ( C ) 3 250000 PROGRAM EXPANSION FOODCORPS 281 PARK AVE S NEW YORK NY 10010 273990987 501 ( C ) 3 250000 PROGRAM EXPANSION IMENTOR INCORPORATED 30 BROAD STREET 9TH FLOOR NEW YORK NY 10004 300105507 501 ( C ) 3 1164377 PROGRAM EXPANSION INNOVATE PUBLIC SCHOOLS 1400 PARKMOOR AVE NO 240 SAN JOSE CA 95126 462155826 501 ( C ) 3 250000 PROGRAM EXPANSION JOAN GANZ COONEY CENTER FOR EDUCATIONAL MEDIA AND RESEARCH INC ONE LINCOLN PLAZA NEW YORK NY 10023 208783702 501 ( C ) 3 64800 PROGRAM EXPANSION LIFT INC 800 7TH STREET NW WASHINGTON DC 20001 522168409 501 ( C ) 3 250000 PROGRAM EXPANSION MANAGEMENT LEADERSHIP FOR TOMORROW 5335 WISCONSIN AVENUE NW WASHINGTON DC 20015 521795164 501 ( C ) 3 1250000 PROGRAM EXPANSION THE MATCH FOUNDATION INC 215 FOREST HILLS STREET JAMAICA PLAIN MA 02130 043476160 501 ( C ) 3 450000 PROGRAM EXPANSION NEW CLASSROOMS 1250 BROADWAY 30TH FLOOR NEW YORK NY 10001 452736163 501 ( C ) 3 250000 PROGRAM EXPANSION NEW LEADERS FOR NEW SCHOOLS 30 WEST 26TH STREET 2ND FLOOR NEW YORK NY 10010 043519203 501 ( C ) 3 300000 PROGRAM EXPANSION NEW TEACHER CENTER 725 FRONT STREET NO 400 SANTA CRUZ CA 95060 262427526 501 ( C ) 3 958000 PROGRAM EXPANSION NEW YORK UNIVERSITY 70 WASHINGTON SQUARE SOUTH NEW YORK NY 10012 135562308 501 ( C ) 3 378893 PROGRAM EXPANSION PEACE FIRST INC 280 SUMMER STREET MEZZANINE LEVEL BOSTON MA 02210 043323467 501 ( C ) 3 250000 PROGRAM EXPANSION REGENTS FOR THE UNIVERSITY OF CALIFORNIA AT BERKELEY 2150 STATTUCK AVE BERKELEY CA 04704 956002123 501 ( C ) 3 293180 PROGRAM EXPANSION SINGLE STOP USA 123 WILLIAM STREET NEW YORK NY 10038 208837690 501 ( C ) 3 924756 PROGRAM EXPANSION THIRD SECTOR CAPITAL PARTNERS 200 CLARENDON ST 44TH FLOOR BOSTON MA 02116 461301032 501 ( C ) 3 250000 PROGRAM EXPANSION UNIVERSITY OF ILLINOIS FOUNDATION 1305 WEST GREEN STREET URBABA IL 61802 376006007 501 ( C ) 3 124700 PROGRAM EXPANSION UNIVERSTIY OF NORTH CAROLINA - CHAPEL HILL 910 RALEIGH ROAD CHAPEL HILL NC 27514 566001383 501 ( C ) 3 134665 PROGRAM EXPANSION UNIVERSITY OF MISSOURI 800 CONLEY AVENUEE COLUMBIA MO 65211 436003859 501 ( C ) 3 228370 PROGRAM EXPANSION YEAR UP 93 SUMMER STREET 5TH FLOOR BOSTON MA 02210 043534407 501 ( C ) 3 2250000 PROGRAM EXPANSION YOUTHBUILD USA 58 DAY STREET SOMERVILLE MA 02144 223076454 501 ( C ) 3 985164 PROGRAM EXPANSION YOUTH SERVICES INC 200 CLARENDON ST 44TH FLOOR BOSTON MA 02116 461695065 501 ( C ) 3 540000 PROGRAM EXPANSION TRANSCEND 159 LINCOLN AVE HASTINGS ON HUDSON NY 10706 300878820 501 ( C ) 3 100000 PROGRAM DEVELOPMENT YALE UNIVERSITY PO BOX 208239 NEW HAVEN CT 06520 060646973 501 ( C ) 3 100000 PROGRAM DEVELOPMENT MIT 77 MASSACHUSETTS AVENUE NE49-3142 CAMBRIDGE MA 02139 042103594 501 ( C ) 3 100000 PROGRAM DEVELOPMENT KANSAS UNIVERSITY CENTER FOR RESEARCH INC 2385 IRVING HILL ROAD LAWRENCE KS 66045 480680117 501 ( C ) 3 100000 PROGRAM DEVELOPMENT CAST 40 HARVARD MILLS SQUARE NO 3 WAKEFIELD MA 01880 222746879 501 ( C ) 3 100000 PROGRAM DEVELOPMENT TEACH FOR AMERICA 315 WEST 36TH STREET 8TH FLOOR NEW YORK NY 10018 133541913 501 ( C ) 3 100000 PROGRAM DEVELOPMENT MASSACHUSETTS ADVOCATES FOR CHILDREN INC 25 KINGSTON STREET BOSTON MA 02111 042488456 501 ( C ) 3 100000 PROGRAM DEVELOPMENT RECTORS AND VISITORS OF UNIVERSITY OF VIRGINIA 1001 NORTH EMMET STREET CHARLOTTESVILLE VA 22904 546001796 501 ( C ) 3 153710 PROGRAM DEVELOPMENT ESSEX COUNTY COMMUNITY FOUNDATION 175 ANDOVER STREET SUITE 101 DANVERS MA 01923 043407816 501 ( C ) 3 100000 PROGRAM DEVELOPMENT 39 1 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, 2015, NEW PROFIT INCURRED $3,936,653 OF PERSONNEL COSTS RELATING TO THE PORTFOLIO MANAGEMENT ACTIVITES AND SUPPORT TO ITS PORTFOLIO ORGANIZATIONS. THIS AMOUNT REPRESENTED APPROXIMATELY 47% OF THE TOTAL PERSONNEL COSTS OF NEW PROFIT IN 2015. X X X 0 0 0 0 0 0 0 0 0 VANESSA KIRSCH FOUNDER AND CEO 329271 0 0 0 0 0 6000 0 15061 0 350332 0 0 0 DOUG BORCHARD MANAGING PARTNER, CHIEF OPERATING OF 242981 0 0 0 0 0 6000 0 745 0 249726 0 0 0 GAIL FRANCK MANAGING PARTNER, CHIEF FINANCIAL OF 160793 0 0 0 0 0 0 0 4526 0 165319 0 0 0 DEBORAH SMOLOVER EXECUTIVE DIRECTOR OF AMERICA FORWAR 311834 0 0 0 0 0 6000 0 15683 0 333517 0 0 0 JACOB SCHRAMM MANAGING PARTNER, LEARN TO EARN FUND 244088 0 0 0 0 0 5100 0 16684 0 265872 0 0 0 KIM SYMAN MANAGING PARTNER, FIELD LEADERSHIP & 223442 0 0 0 0 0 6000 0 15068 0 244510 0 0 0 ELIZA GREENBERG MANAGING PARTNER, INNOVATION FUND 219865 0 0 0 0 0 0 0 15068 0 234933 0 0 0 SHRUTI SEHRA MANAGING PARTNER, REIMAGINE LEARNING 210360 0 0 0 0 0 6000 0 6836 0 223196 0 0 0 MANAGEMENT LEADERSHIP FOR TOMORROW A NEW PROFIT BOARD MEMBER SERVES ON THE BOARD OF MLT. 1250000 GRANT PAYMENT 0 LIFT INC A NEW PROFIT BOARD MEMBER SERVES ON THE BOARD OF LIFT. 250000 GRANT PAYMENT 0 PROJECT EYE TO EYE A NEW PROFIT BOARD MEMBER SERVES ON THE BOARD OF PROJECT EYE TO EYE 250000 GRANT PAYMENT 0 COLLEGE SUMMIT INC A NEW PROFIT BOARD MEMBER SERVES ON THE BOARD OF COLLEGE SUMMIT 1634028 GRANT PAYMENT 0 BAIN CAPITAL SEVERAL NEW PROFIT BOARD MEMBERS ARE MANAGING DIRECTORS AT BAIN CAPITAL 532947 RENT PAYMENTS 0 DELOITTE CONSULTING LLP A NEW PROFIT BOARD MEMBER IS A MANAGING DIRECTOR AT DELOITTE CONSULTING LLP 700472 PAYMENT FOR CONSULTING SERVICES PROVIDED 0 FORM 990, PART VI, SECTION B, LINE 11 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. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.