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        <BusinessNameLine1>THE NEW TEACHER PROJECT INC</BusinessNameLine1>
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        <AddressLine1>186 JORALEMON STREET NO 300</AddressLine1>
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      <Name>GARRETT M HIGGINS CPA</Name>
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      <NameOfPrincipalOfficerPerson>ARIELA ROZMAN</NameOfPrincipalOfficerPerson>
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        <AddressLine1>186 JORALEMON STREET NO 300</AddressLine1>
        <City>BROOKLYN</City>
        <State>NY</State>
        <ZIPCode>11201</ZIPCode>
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      <WebSite>WWW.TNTP.ORG</WebSite>
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      <ActivityOrMissionDescription>TNTP HELPS ITS PARTNERS DEVELOP PEOPLE, SYSTEMS, AND POLICIES TO ADVANCE EFFECTIVE TEACHING. WE DO THIS IN FOUR WAYS: WE GROW TEACHERS; WE HELP EDUCATION LEADERS MANAGE TEACHER TALENT; WE BUILD SYSTEMS THAT SUPPORT EFFECTIVE TEACHING; WE MAKE INFORMATION ACTIONABLE. ALL OF THIS WORK IS DRIVEN BY THE BELIEF THAT HIGHLY EFFECTIVE TEACHERS, EXCELLENT INSTRUCTION, AND STRONG LEADERS OF TEACHER TALENT ARE THE CRITICAL ELEMENTS IN AMERICA'S QUEST TO IMPROVE EDUCATIONAL OUTCOMES FOR ALL CHILDREN. A NONPROFIT FOUNDED BY TEACHERS IN 1997, TNTP PARTNERS WITH SCHOOL DISTRICTS AND STATES TO IMPLEMENT SCALABLE RESPONSES TO THEIR MOST ACUTE TEACHER QUALITY CHALLENGES. SINCE ITS INCEPTION, TNTP HAS TRAINED OR HIRED OVER 51,000 TEACHERS, BENEFITING AN ESTIMATED 10.3 MILLION STUDENTS NATIONWIDE. IT HAS ESTABLISHED MORE THAN 98 PROGRAMS AND INITIATIVES IN MORE THAN 30 STATES AND PUBLISHED FOUR SEMINAL STUDIES ON URBAN TEACHER HIRING AND SCHOOL STAFFING.</ActivityOrMissionDescription>
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      <MissionDescription>OUR VISION - OUR NATION'S PUBLIC SCHOOLS WILL BE THRIVING ORGANIZATIONS THAT OFFER ALL CHILDREN AN EXCELLENT EDUCATION.OUR MISSION - TNTP'S MISSION IS TO END THE INJUSTICE OF EDUCATIONAL INEQUALITY (SEE SCHEDULE O FOR CONTINUATION)</MissionDescription>
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      <Description>TEACHING FELLOWS PROGRAMS, TNTP ACADEMYWE PARTNER WITH SCHOOL DISTRICTS AND STATES TO ESTABLISH INNOVATIVE PROGRAMS THAT RECRUIT, SELECT, AND TRAIN TEACHERS. IN 2013, OUR TEACHING FELLOWS PROGRAMS DREW MORE THAN 23,000 APPLICANTS NATIONWIDE. ONLY 18.8% OF THOSE APPLICANTS WERE SELECTED TO ENROLL IN TNTP ACADEMY, OUR TEACHER TRAINING PROGRAM, MAKING OUR PROGRAMS COMPARABLE IN SELECTIVITY TO TOP U.S. UNIVERSITIES.TNTP ACADEMY TRAINS TEACHERS FOR HIGH-NEED STUDENTS THROUGH RIGOROUS, CLASSROOM-CENTERED TRAINING THAT IS LED BY MASTER TEACHERS AND SHARPLY FOCUSED ON STUDENT LEARNING. IT INCLUDES A PRE-SERVICE SUMMER TRAINING, A PROFESSIONAL DEVELOPMENT TRAINING DURING TEACHERS' FIRST YEAR IN THE CLASSROOM THAT, AS OF 2012, INCLUDED AN EVALUATION AND CERTIFICATION COMPONENT, AND A COURSE FOR VETERN OR LOW-PERFORMING TEACHERS.IN 2013, WE REFINED OUR NEW PRE-SERVICE TEACHING TRAINING PROGRAM, NEW TEACHER INDUCTION, BASED ON YEARS OF ANALYSIS ON THOUSANDS OF TEACHERS. NEW TEACHER INDUCTION IS GROUNDED IN A SIMPLE BUT POWERFUL PREMISE: THE BEST WAY TO CULTIVATE HIGHLY EFFECTIVE TEACHING IS TO FIRST FIRMLY ESTABLISH A SOLID FOUNDATION. NEW TEACHER INDUCTION FOCUSES NEW TEACHERS ON THE MASTERY OF A SMALL NUMBER OF HIGH-LEVERAGE, ESSENTIAL TEACHING SKILLS THAT ARE PRE-REQUISITES FOR SUCCESS, ALLOWING THEM TO MOVE RAPIDLY TOWARD DEVELOPMENT OF COMPLEX SKILLS.EARLY DATA FROM THOSE SITES CONFIRMS THAT DURING NEW TEACHER INDUCTION, TEACHERS SHOW SIGNIFICANT IMPROVEMENT FAST. DURING WEEK 1 OF THE TRAINING, ONLY 1% OF NEW TEACHER INDUCTIONS PARTICIPANTS EXHIBITED NEW TEACHER INDUCTION SKILLS, BUT BY THE FINAL OBSERVATION, NEARLY 60% OF THE PARTICIPANTS WERE RATED AS "DEVELOPING" IN 3 OF 4 FOUNDATIONAL SKILLS. THE DATA ALSO ESTABLISHED THAT OUR PROGRAM SCREENS TEACHERS WELL-WHILE WE WERE PROUD TO RECOMMEND 80% OF PARTICIPANTS INTO THE CLASSROOM TO BEGIN THEIR CAREERS, THE PROGRAM HELPED 10% OF PARTICIPANTS SELF-SELECT OUT OF TEACHING, AND PROVIDED US WITH THE FRAMEWORK REQUIRED TO ENSURE THAT 13% OF STRUGGLING TEACHERS DID NOT MAKE IT INTO A CLASSROOM. 1,652 NEW TEACHERS COMPLETED THE PROGRAM AND BEGAN TEACHING IN OUR NATION'S CLASSROOMS IN THE FALL OF 2013.IN 2013, TNTP ACADEMY CONTINUED TO USE A TNTP-DEVELOPED EVALUATION AND CERTIFICATION SYSTEM FOR NEW TEACHERS CALLED THE ASSESSMENT OF CLASSROOM EXCELLENCE SCREEN (ACE). ACE EVALUATES TEACHERS DURING THEIR FIRST YEAR OF TEACHING AND DETERMINES-BASED ON MULTIPLE MEASURES THAT GAUGE SUCCESS IN THE CLASSROOM, INCLUDING CLASSROOM OBSERVATIONS, PRINCIPAL RATINGS, STUDENT SURVEYS, AND STUDENT ACHIEVEMENT DATA-WHETHER THEY SHOULD BE RECOMMENDED FOR LICENSURE. IN ITS SECOND YEAR, WE EVALUATED 787 TEACHERS WITH ACE AND RECOMMENDED 84% OF THEM FOR CERTIFICATION. ANOTHER 12% WERE GIVEN A SECOND YEAR TO DEMONSTRATE THEIR EFFECTIVENESS IN THE CLASSROOM BEFORE BEING RECOMMENDED FOR CERTIFICATION. TNTP IS THE FIRST PREPARATION PROVIDER IN THE COUNTRY TO SCREEN TEACHERS FOR DEMONSTRATED EFFECTIVENESS AT THIS SCALE.</Description>
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        <Expense>16838219</Expense>
        <Revenue>14036391</Revenue>
        <Description>PERFORMANCE MANAGEMENTA CRITICAL PART OF OUR WORK INCLUDES HELPING STATES BUILD, PILOT, AND IMPLEMENT RIGOROUS, FAIR, AND ACCURATE EDUCATOR EVALUATION AND DEVELOPMENT SYSTEMS CENTERED ON HOW EDUCATORS ARE PERFORMING IN THEIR MOST CRITICAL ROLE: ADVANCING STUDENT LEARNING. OUR PARTNERS HAVE INCLUDED LOUISIANA, INDIANA, ILLINOIS, RHODE ISLAND AND TENNESSEE AS WELL AS NUMEROUS DISTRICTS. IN 12 OF OUR PARTNER DISTRICTS ACROSS 9 STATES AND THE DISTRICT OF COLUMBIA, WE DESIGNED AND/OR IMPLEMENTED RIGOROUS EVALUATION SYSTEMS. BECAUSE OF OUR 2013 PARTNERSHIPS FOR THIS WORK, TNTP WAS PIVOTAL IN ENSURING THAT 58,781 TEACHERS HAD A RIGOROUS, STUDENT-FOCUSED EVALUATION THAT FOSTERED COLLABORATIVE RELATIONSHIP BETWEEN TEACHERS AND PRINCIPALS. IN 2013, IN NEW YORK CITY, OUR EVALUATION SYSTEM HELPED THE DISTRICT LEARNTHAT 7% OF THEIR TEACHERS WERE INEFFECTIVE, 36% WERE DEVELOPING, 51% WERE EFFECTIVE, 6% RATED HIGHLY EFFECTIVE. THIS INFORMATION WAS CRITICAL IN INFORMING THEIR TALENT MANAGEMENT DECISIONS. IN 2013, WE LAUNCHED TNTPS FIRST SCHOOL LEADER RECRUITMENT AND PREPARATION PROGRAM, PHILLYPLUS. WE PLACED ALL PRINCIPAL PARTICIPANTSIN SCHOOL-BASED LEADERSHIP POSITIONS (11/13 OR 85%) AND HAVE BUILT A COHORT MODEL TO CAPITALIZE ON THE BEST PRACTICES ACROSS SCHOOL TYPES AND ADDRESS PROBLEMS TOGETHER THAT ILLUSTRATE THE COMMON ASPECTS OF EFFECTIVE LEADERSHIP. WE ARE SLATED TO LAUNCH A SECOND PLUS PROGRAM IN CAMDEN, WHICH WILL RECRUIT AND TRAIN NEW PRINCIPALS WHILE ALSO PROVIDING PROFESSIONAL DEVELOPMENT FOR CURRENT PRINCIPALS.WE'RE ALSO TRAINING EDUCATORS TO PUT NEW TOOLS INTO PRACTICE, HELPING INDIVIDUAL SCHOOL LEADERS MAKE MORE INFORMED DECISIONS ABOUT TEACHERS AND CREATE STRONG TEACHING TEAMS. IN 2013, WE CONTINUED TO HELP OUR TARGET PARTNER DISTRICTS RETAIN MORE EFFECTIVE TEACHERS FOR A SECOND YEAR IN OUR TARGET DISTRICTS. IN DC CHARTERS ALONE, 90% OF EFFECTIVE AND HIGHLY EFFECTIVE TEACHERS RETURNED FOR ANOTHER YEAR OF TEACHING. WE ALSO DESIGNED STATE-OF-THE-ART COMPENSATION SYSTEMS IN FIVE DISTRICTS THAT WILL ALLOW OUR DISTRICT PARTNERS TO ATTRACT TOP TALENT TO THE HIGHEST-NEED SCHOOLS.WE PARTNER WITH SCHOOL DISTRICTS TO IMPROVE THE FLOW OF QUALIFIED TEACHERS INTO THEIR LOWEST-PERFORMING SCHOOLS, ENSURING THAT THESE SCHOOLS, OFTEN IN THE POOREST NEIGHBORHOODS, OPEN FULLY STAFFED. WE FOCUS ON BUILDING THE CAPACITY OF SCHOOL PRINCIPALS TO TAKE A STRATEGIC APPROACH TO STAFFING THAT ALLOWS THEM TO ATTRACT AND HIRE THE BEST TEACHERS POSSIBLE. THROUGH OUR MODEL STAFFING INITIATIVES WE DEMONSTRATE HOW SCHOOLS CAN ESTABLISH EFFECTIVE TEACHER HIRING PRACTICES AND PUT IN PLACE MODEL STRATEGIES THAT CAN ULTIMATELY BE ROLLED OUT TO ALL SCHOOLS IN THE DISTRICT. IN THE HOUSTON INDEPENDENT SCHOOL DISTRICT ALONE, WE IDENTIFIED AND FILLED 2,128 TEACHER VACANCIES IN 282 SCHOOLS TO ENSURE THAT, AT THE START OF THE 2013-14 SCHOOL YEAR, 99.7% OF CLASSROOMS WERE STAFFED.WE ALSO OFFER SCHOOLS INVALUABLE INSIGHT INTO THEIR INSTRUCTIONAL CULTURE WITH OUR VALIDATED TEACHER SURVEY TOOL, INSIGHT. AFTER ANALYZING THE RESULTS OF THE SURVEY, WE PROVIDE SCHOOLS WITH A ROADMAP OF CLEAR ACTION ITEMS TO IMPROVE THEIR TALENT MANAGEMENT APPROACH AND RETENTION EFFORTS. IN FY13, WE PROVIDED THIS SERVICE TO 580 SCHOOLS, AND OVER 90% REPORTED THAT INSIGHT GAVE THEM VALUABLE INFORMATION TO IMPROVE SCHOOL PERFORMANCE. NEARLY THREE QUARTERS OF SCHOOLS THAT PARTICIPATED IN INSIGHT THIS YEAR AND LAST EXPERIENCED GROWTH ON THE INDEX AND/OR ON ONE OR MORE DOMAINS.</Description>
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        <Expense>1118549</Expense>
        <Grants>127062</Grants>
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        <Description>POLICY, RESEARCH AND ADVOCACYTNTP IS HELPING SCHOOLS, DISTRICTS, AND STATES UNDERSTAND HOW TEACHERS ARE PERFORMING AND WHAT THEY NEED TO DO TO GET BETTER. WE DO THIS IN PART BY CONDUCTING TARGETED RESEARCH TO IDENTIFY THE OBSTACLES THAT SCHOOL SYSTEMS FACE TO HIRING THE BEST TEACHERS POSSIBLE AND QUANTIFY THE IMPACT OF THESE OBSTACLES ON SCHOOLS, STUDENTS, AND TEACHERS. OUR DATA-DRIVEN APPROACH ENABLES US TO TALK PLAINLY AND OBJECTIVELY ABOUT THE PROBLEMS WE FIND, TO ARGUE FOR KEY REFORMS, AND TO PROVIDE EFFECTIVE TOOLS AND REALISTIC RECOMMENDATIONS TO DISTRICT OFFICIALS, LEGISLATORS, AND POLICY-MAKERS.TEN YEARS AFTER WE RELEASED OUR FIRST PUBLICATION, OUR REACH IS WIDER AND THE NATURE AND DEPTH OF OUR PUBLICATIONS IS MORE DIVERSE. IN 2013 WE LAUNCHED A BLOG THAT RUNS AT LEAST TWO SUBSTANTIAL POSTS PER WEEK, WHICH ATTRACTED OVER 15,000 UNIQUE VISITORS IN ITS FIRST SIX MONTHS. WE PUBLISHED LEAP YEAR, OUR FIRST REPORT TO FOCUS ON OUR TEACHER PIPELINE WORK. LEAP YEAR SHARED CANDID LESSONS FROM THE PROCESS OF CREATING OUR EVALUATION SYSTEM FOR NEW TEACHERS, THE ASSESSMENT OF CLASSROOM EFFECTIVENESS, AND APPLYING IT IN THE FIELD. IT INCLUDED DETAILED DATA ON RELATIONSHIPS BETWEEN MEASURES SUCH AS CLASSROOM OBSERVATIONS, STUDENT SURVEYS, AND VALUE ADDED SCORES. WE ALSO PUBLISHED PERSPECTIVES, A DEEP EXAMINATION OF THE EXPERIENCES AND OPINIONS OF A SMALL SAMPLE OF ELITE TEACHERS. IT RAISED SEVERAL KEY ISSUES, INCLUDING A LOVE/HATE RELATIONSHIP BETWEEN THE TEACHERS AND THEIR PROFESSION. SOCIAL MEDIA BUZZ FROM TEACHERS AND SCHOOL LEADERS DROVE OVER 800 DOWNLOADS FROM OUR WEBSITE IN THE PAPER'S FIRST WEEK.WE STRENGTHENED OUR POSITION AS A NATIONAL RESOURCE FOR AND ADVOCATES OF TEACHERS THROUGH OUR FISHMAN PRIZE. IN ITS SECOND YEAR, THE FISHMAN PRIZE CONTINUED TO THRIVE, WITH 571 APPLICANTS FROM 42 STATES. WITH THE FISHMAN PRIZE, WE RECOGNIZE AND PUBLICIZE FIVE EXCELLENT TEACHERS WIHT A $25,000 AWARD AND A PLACE IN A SPECIAL SUMMER RESIDENCY PROGRAM. THE PROGRAM SPOTLIGHTS GREAT TEACHING AND AMPLIFIES THE VOICES OF THE NATION'S BEST EDUCATORS.</Description>
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        <Description>TNTP'S WEB-BASED SERVICE HELPS OUR CLIENTS BETTER MANAGE THEIR POOL OF CANDIDATES BY PROVIDING A PLATFORM TO MANAGE VACANCIES AND CAREFULLY SCREEN APPLICANTS, ENSURING QUALITY TEACHERS FOR EVERY STUDENT.</Description>
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        <EOY>190487</EOY>
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        <Identifier>EXPLANATION OF LOBBYING ACTIVITIES:</Identifier>
        <ReturnReference>PART II-B, LINE 1:</ReturnReference>
        <Explanation>DURING FY13, TIMOTHY DALY (PRESIDENT), MET WITH CONGRESSMEN TO DISCUSS A PERMANENT FIX TO THE HIGHLY QUALIFIED TEACHER PROVISION OF NO CHILD LEFT BEHIND.</Explanation>
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        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
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        <NamePerson>DANIEL WEISBERG</NamePerson>
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        <NamePerson>KAROLYN BELCHER</NamePerson>
        <Title>EVP, NEW TEACHER EFFECTIVENESS</Title>
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        <NamePerson>VICTORIA VAN CLEEF</NamePerson>
        <Title>VP OF TALENT MANAGEMENT</Title>
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        <NamePerson>DAVID KEELING</NamePerson>
        <Title>VP OF COMMUNICATIONS &amp; PUBLICATIONS</Title>
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        <NamePerson>AMANDA KOCON</NamePerson>
        <Title>VP OF PERFORMANCE MANAGEMENT</Title>
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      <Form990ScheduleJPartII>
        <NamePerson>KARLA OAKLEY</NamePerson>
        <Title>SENIOR STRATEGIST</Title>
        <BaseCompensationFilingOrg>146795</BaseCompensationFilingOrg>
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        <BonusFilingOrg>30858</BonusFilingOrg>
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        <NamePerson>LEIGH MCGUIGAN VP HUMAN</NamePerson>
        <Title>CAPITAL SYSTEMS (THRU MARCH 2013)</Title>
        <BaseCompensationFilingOrg>159362</BaseCompensationFilingOrg>
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        <ReturnReference>PART I, LINE 7</ReturnReference>
        <Explanation>AT TNTP, BONUSES ARE CONTINGENT UPON THE FISCAL HEALTH OF THE ORGANIZATION, AN INDIVIDUAL'S AND RELEVANT CONTRACT/TEAM PERFORMANCE, AND AT THE SOLE DISCRETION OF THE CEO. WHILE BONUSES ARE NEVER GUARANTEED, ALL SALARIED, PART/FULL-TIME STAFF ARE ELIGIBLE TO BE CONSIDERED FOR A PERFORMANCE-BASED BONUS, PROVIDED THEY HAVE BEEN EMPLOYED BY TNTP FOR AT LEAST SIX MONTHS PRIOR TO THE END OF THE FISCAL YEAR (SEPTEMBER 30). ADDITIONALLY, THE STAFF MEMBER MUST BE WORKING FOR TNTP AT THE TIME OF THE BONUS AWARD. ALL BONUS DECISIONS ARE MADE BY TNTP'S CEO, WITH INPUT FROM THE EXECUTIVE TEAM, SPECIFICALLY THE VICE PRESIDENT OF HUMAN CAPITAL, AND THE VICE PRESIDENT(S) OF THE GROUP IN WHICH STAFF MEMBERS ARE EMPLOYED.</Explanation>
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    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>CONTINUATION OF THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES:</Identifier>
        <ReturnReference>FORM 990, PART I, LINE 1</ReturnReference>
        <Explanation>IN FY13, TNTP WAS ACTIVE IN 30 CITIES. WE PRODUCED 1,652 TEACHERS THROUGH 14 OF OUR TEACHING FELLOWS PROGRAMS, FILLED OVER 3,900 CLASSROOM VACANCIES IN 718 SCHOOLS, PREPARED 787 NEW TEACHERS THROUGH OUR 12 TNTP ACADEMY PROGRAMS, AND DIVERSIFIED OUR RANGE OF PUBLICATIONS, PUBLISHING OUR FIRST REPORT ON OUR TEACHER PIPELINE WORK AND LAUNCHING A BLOG THAT RECEIVED OVER 15,000 UNIQUE VISITORS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION STATEMENT CONTINUED:</Identifier>
        <ReturnReference>FORM 990, PART III, LINE 1:</ReturnReference>
        <Explanation>BY PROVIDING EXCELLENT TEACHERS TO THE STUDENTS WHO NEED THEM MOST AND BY ADVANCING POLICIES AND PRACTICES THAT ENSURE EFFECTIVE TEACHING IN EVERY CLASSROOM.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE NEW TEACHER PROJECT'S BOARD OF DIRECTORS (THE "BOARD") APPROVED FORMATION OF AN AUDIT &amp; FINANCE COMMITTEE (THE "COMMITTEE") AND APPOINTED AN EXISTING BOARD MEMBER AS A MEMBER OF THE COMMITTEE AT A MEETING HELD ON JANUARY 23, 2008. EFFECTIVE JUNE 26, 2008, THE BOARD ADOPTED THE COMMITTEE CHARTER, RATIFIED, CONFIRMED &amp; APPROVED THE APPOINTMENT OF THE COMMITTEE MEMBER AND APPOINTED 2 ADDITIONAL MEMBERS. THERE ARE CURRENTLY FOUR MEMBERS ON THE COMMITTEE. TNTP HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT'S SUBMITTED ELECTRONICALLY TO THE COMMITTEE FOR REVIEW AND APPROVAL. THE COMMITTEE-APPROVED 990 IS ELECTRONICALLY TRANSMITTED AND REVIEWED WITH MEMBERS OF THE BOARD FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE BOARD IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. THE CFO THEN REVIEWS ANY COMMENTS, AND WORKS WITH THE RELEVANT STAFF AND ACCOUNTING FIRM TO MAKE ANY NECESSARY CHANGES. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE NEW TEACHER PROJECT ("TNTP") DISTRIBUTES AN ANNUAL CONFLICT OF INTEREST POLICY TO DIRECTORS, OFFICERS, COMMITTEE MEMBERS, AND KEY EMPLOYEES AND REQUIRES THEY SIGN THE CERTIFICATION SAYING THEY HAVE READ, UNDERSTOOD AND AGREE TO COMPLY WITH THE POLICY. THE POLICY REQUIRES THAT ALL INDIVIDUALS HAVE A DUTY TO DISCLOSE TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT THE EXISTENCE OF ANY FINANCIAL INTEREST AND ALL MATERIAL FACTS IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. AFTER THE DISCLOSURE OF A FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, SUCH PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE RESPONDENTS ARE ASKED TO SIGN AND RETURN THE ANNUAL CERTIFICATION WHICH AFFIRMS SUCH PERSON (I) HAS RECEIVED A COPY OF THE POLICY (II) HAS READ AND UNDERSTANDS THE POLICY (III) AGREES TO COMPLY WITH THE POLICY AND (IV) UNDERSTANDS THAT TNTP IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE SIGNED CONFLICT OF INTEREST POLICY IS KEPT ON FILE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE EXECUTIVE COMMITTEE OF THE BOARD FINALIZES THE CEO'S SALARY AND ANY BONUS. FOR OTHER POSITIONS, OUR HUMAN CAPITAL TEAM ESTABLISHES A SALARY SCALE BASED ON PRE-DETERMINED LEVELS. PRIOR TO POSTING ANY VACANCY, HUMAN CAPITAL EVALUATES EACH POSITION, DEFINES ITS LEVEL TO DETERMINE STARTING SALARY, AND THEN ADJUSTS IT TO BE CONSISTENT WITH THE EMPLOYEE'S EXPERIENCE AND QUALIFICATIONS. THE CEO, WITH INPUT FROM THE LEADERSHIP TEAM, MAKES ALL BONUS DECISIONS FOR TNTP STAFF. THE HUMAN CAPITAL TEAM AND THE EXECUTIVE COMMITTEE OF TNTP'S BOARD OF DIRECTORS CONDUCT REGULAR MARKET ANALYSES TO ENSURE THAT TNTP COMPENSATES ITS STAFF AT COMPETITIVE RATES. DATA IS COLLECTED DIRECTLY FROM CHARTER AND NATIONAL EDUCATION NON-PROFIT ORGANIZATIONS, FROM MULTIPLE COMPENSATION SURVEYS SPECIFIC TO THE NON-PROFIT INDUSTRY, FROM 990 FORMS, AND FROM LARGE SCHOOL DISTRICTS. THE MARKET ANALYSIS IS SHARED WITH THE EXECUTIVE COMMITTEE OF THE BOARD, AND IS CONSIDERED IN THEIR RECOMMENDATION FOR CEO COMPENSATION. CEO SALARY WAS LAST APPROVED NOVEMBER 2013. ALL OTHER SALARIES WERE APPROVED OCTOBER 2013.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE NEW TEACHER PROJECT ("TNTP") MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON WWW.GUIDESTAR.ORG. IN ADDITION, THE FORM 990, FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND ITS GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST AT 186 JORALEMON STREET, SUITE 300, BROOKLYN, NY 11201 OR BY CALLING THE ORGANIZATION DIRECTLY AT (718) 233-2800.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART XI, LINE 2C: AUDIT COMMITTEE (SELECTION OF ACCOUNTANT):</ReturnReference>
        <Explanation>TNTP HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>