2013-02-12T12:33:05-06:00 2012-09-30 271728945 O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2011-10-01 133850158 THE NEW TEACHER PROJECT INC NEWT 7182332800 186 JORALEMON STREET NO 300 BROOKLYN NY 11201 WENDY CHANG 9173344765 2013-02-11 1 GARRETT M HIGGINS CPA P00543209 2122862600 2013-02-12 2011 2016-03-07 17:11:31Z ARIELA ROZMAN 186 JORALEMON STREET NO 300 BROOKLYN NY 11201 62436754 0 X WWW.TNTP.ORG X 1995 DE 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 50,000 TEACHERS, BENEFITING AN ESTIMATED 10 MILLION STUDENTS NATIONWIDE. IT HAS ESTABLISHED MORE THAN 75 PROGRAMS AND INITIATIVES IN MORE THAN 30 STATES AND PUBLISHED FOUR SEMINAL STUDIES ON URBAN TEACHER HIRING AND SCHOOL STAFFING. 11 10 2007 505 0 0 13743786 33966936 27270011 28359360 17512 110458 12686 0 41043995 62436754 0 133001 0 0 34824985 41965836 0 0 305815 13647042 13490632 48472027 55589469 -7428032 6847285 26305311 34161711 6056674 7065789 20248637 27095922 X 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) 0 0 27492887 16085336 NEW TEACHER EFFECTIVENESSWE PARTNER WITH SCHOOL DISTRICTS AND STATES TO ESTABLISH INNOVATIVE PROGRAMS THAT RECRUIT, SELECT, AND TRAIN TEACHERS. IN 2012, OUR TEACHING FELLOWS PROGRAMS DREW MORE THAN 32,000 APPLICANTS NATIONWIDE. ONLY 13.8% 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, INCLUDES AN EVALUATION AND CERTIFICATION COMPONENT, AND AN ESSENTIALS REFRESHER COURSE FOR VETERAN OR LOW-PERFORMING TEACHERS.IN 2012, TNTP ACADEMY LAUNCHED OUR NEW PRE-SERVICE TEACHING TRAINING PROGRAM, FAST START, BASED ON YEARS OF ANALYSIS ON THOUSANDS OF TEACHERS. FAST START IS GROUNDED IN A SIMPLE BUT POWERFUL PREMISE: THE BEST WAY TO CULTIVATE HIGHLY EFFECTIVE TEACHING IS TO FIRST FIRMLY ESTABLISH A SOLID FOUNDATION. FAST START 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 MORE COMPLEX SKILLS. EARLY DATA FROM THOSE SITES CONFIRMS THAT DURING FAST START, TEACHERS SHOW SIGNIFICANT IMPROVEMENT EARLY ON. DURING WEEK 1 OF THE TRAINING, ONLY 1% OF FAST START PARTICIPANTS EXHIBITED FAST START SKILLS, BUT BY THE FINAL OBSERVATION, NEARLY 60% OF THE PARTICIPANTS WERE RATED AS "DEVELOPING" IN 3 OF 4 FAST START SKILLS. THE DATA ALSO ESTABLISHED THAT FAST START SCREENS TEACHERS WELL-WHILE WE WERE PROUD TO RECOMMEND 67% OF PARTICIPANTS INTO THE CLASSROOM TO BEGIN THEIR CAREERS, FAST START HELPED 21% OF PARTICIPANTS SELF-SELECT OUT OF TEACHING, AND PROVIDED US WITH THE FRAMEWORK REQUIRED TO ENSURE THAT 12% OF STRUGGLING PARTICIPANTS DID NOT MAKE IT INTO A CLASSROOM. 1,777 NEW TEACHERS COMPLETED FAST START AND BEGAN TEACHING IN OUR NATION'S CLASSROOMS IN THE FALL OF 2012.IN 2012, TNTP ACADEMY ALSO LAUNCHED A CERTIFICATION COMPONENT VIA THE ASSESSMENT OF CLASSROOM EXCELLENCE SCREEN ("ACE"), WHICH 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 FIRST YEAR, WE EVALUATED 157 TEACHERS WITH ACE AND RECOMMENDED 87% OF THEM INTO THE CLASSROOM. TNTP IS THE FIRST PREPARATION PROVIDER IN THE COUNTRY TO SCREEN TEACHERS FOR DEMONSTRATED EFFECTIVENESS AT THIS SCALE. 17289501 12274024 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. BECAUSE OF OUR 2012 PARTNERSHIPS FOR THIS WORK, TNTP WAS PIVOTAL IN ENSURING THAT 10,500 TEACHERS HAD A RIGOROUS, STUDENT-FOCUSED EVALUATION THAT FOSTERS COLLABORATIVE RELATIONSHIP BETWEEN TEACHERS AND PRINCIPALS. IN 2012, IN NEW YORK CITY, OUR EVALUATION SYSTEM HELPED THE DISTRICT LEARN THAT 5.3% OF THEIR TEACHERS WERE INEFFECTIVE, 34.5% WERE DEVELOPING, 49.3% WERE EFFECTIVE, 10.3% RATED HIGHLY EFFECTIVE. THIS INFORMATION IS CRITICAL TO INFORM THEIR TALENT MANAGEMENT DECISIONS. WE'RE ALSO TRAINING EDUCATORS TO PUT THE NEW TOOLS INTO PRACTICE, HELPING INDIVIDUAL SCHOOL LEADERS MAKE MORE INFORMED DECISIONS ABOUT TEACHERS AND CREATE STRONG TEACHING TEAMS. IN 2012, WE HELPED OUR TARGET PARTNER DISTRICTS RETAIN OVER 75% OF EFFECTIVE TEACHERS RETURN FOR A 2ND YEAR IN OUR TARGET DISTRICTS. WE ALSO DESIGNED A STATE-OF-THE-ART COMPENSATION SYSTEM THAT WILL ALLOW THE ACHIEVEMENT SCHOOL DISTRICT TO ATTRACT TOP TALENT TO THE HIGHEST-NEED SCHOOLS. WE ALSO 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 MEMPHIS CITY SCHOOLS ALONE, WE IDENTIFIED AND FILLED 1,309 TEACHER VACANCIES IN 188 SCHOOLS TO ENSURE THAT, AT THE START OF THE 2012-13 SCHOOL YEAR, THE DISTRICT WAS 99% STAFFED. 955311 133001 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. IN 2012, WE PUBLISHED A NATIONAL REPORT THAT EXAMINED THE REAL RETENTION CRISIS THROUGH THE EXPERIENCES OF A GROUP WE CALL "THE IRREPLACEABLES": TEACHERS WHO ARE SO SUCCESSFUL THAT THEY ARE NEARLY IMPOSSIBLE TO REPLACE. TEACHERS OF THIS CALIBER PROVIDE MORE ENGAGING LEARNING EXPERIENCES FOR STUDENTS AND HELP THEM ACHIEVE 5-6 MORE MONTHS OF LEARNING EACH YEAR THAN STUDENTS OF LOW-PERFORMING TEACHERS-ACADEMIC RESULTS THAT CAN BE LIFE-CHANGING. THE IRREPLACEABLES SPARKED EDITORIALS FROM 8 OF 10 OF THE NATION'S LARGEST PAPERS, REACHING 14.1 MILLION IN POSITIVE CIRCULATION.WE ALSO PUBLISHED GREENHOUSE SCHOOLS, WHICH SURVEYED THOUSANDS OF TEACHERS IN 250 SCHOOLS NATIONWIDE TO IDENTIFY HIGH-PERFORMING "GREENHOUSE SCHOOLS"-THOSE THAT KEEP MORE TOP TEACHERS AND GET BETTER RESULTS FOR STUDENTS COMPARED TO SCHOOLS THAT SERVE THE SAME STUDENT POPULATIONS. GREENHOUSE SCHOOLS THEN SHARES WHAT LEADERS AT THESE SCHOOLS WERE DOING DIFFERENTLY.FINALLY, WE STRENGTHENED OUR POSITION AS A NATIONAL RESOURCE AND ADVOCATE FOR TEACHERS THROUGH THE LAUNCH OF OUR FISHMAN PRIZE. WITH THE FISHMAN PRIZE, WE RECOGNIZED AND PUBLICIZED FIVE EXCELLENT TEACHERS WITH 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. IN ADDITION TO RECEIVING ONE OF THE COUNTRY'S LARGEST MONETARY AWARDS FOR PRACTICING TEACHERS, FISHMAN PRIZE WINNERS PARTICIPATE IN A 6-WEEK SUMMER RESIDENCY, TO ENGAGE IN VARIOUS ASPECTS OF TNTP'S WORK, MEET AND DISCUSS SCHOOL REFORM WITH POLICYMAKERS AND EDUCATION LEADERS, AND COLLABORATE WITH EACH OTHER AND WITH TNTP STAFF TO WRITE AND PUBLISH A SHORT PAPER ON A TOPIC RELATED TO EFFECTIVE TEACHING. 45737699 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 59 0 1 2007 1 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ AR CA CO CT DC FL HI IL MD MA MN MO NJ NY NC OH OR PA RI SC TN VA WA WI X X ARIELA ROZMAN CEO 7182332800 186 JORALEMON STREET SUITE 300 BROOKLYN NY 11201 KATI HAYCOCK 1.00 X X 0 0 0 ARIELA ROZMAN 50.00 X X 268728 0 28623 DANIEL KEATING 1.00 X X 0 0 0 C KENT MCGUIRE 1.00 X 0 0 0 CHRIS BIERLY 1.00 X 0 0 0 CHRISTOPHER CROSS 1.00 X 0 0 0 FREDERICK M O'SUCH 1.00 X 0 0 0 JOHN ARNOLD 1.00 X 0 0 0 MATT GLICKMAN 1.00 X 0 0 0 MICHAEL HAYES 1.00 X 0 0 0 P URI TREISMAN 1.00 X 0 0 0 PAUL PASTOREK 1.00 X 0 0 0 WENDY CHANG 50.00 X 175743 0 24979 JEN ROCK 50.00 X 84552 0 0 TIMOTHY DALY 50.00 X 256493 0 19543 LAYLA AVILA 50.00 X 206616 0 22615 DANIEL WEISBERG 50.00 X 230215 0 30186 MATTHEW KING 50.00 X 51595 0 11779 RONEAT RISH 50.00 X 43492 0 5172 KAROLYN BELCHER 50.00 X 228479 0 12284 VICTORIA VAN CLEEF 50.00 X 186258 0 13944 DAVID KEELING 50.00 X 186442 0 20975 SARAH HEINE 50.00 X 165283 0 27630 CHRISTINE SARGENT 50.00 X 171440 0 11477 LEIGH MCGUIGAN 50.00 X 166658 0 17335 2421994 0 246542 71 0 1 0 MRI NETWORK 88276 EXPEDITE WAY CHICAGO IL 60695 INFORMATION TECHNOLOGY 820756 REGENESIS IT 112 BALANCE DRIVE ORLEANS ONTARIO CA K4A 4N7 INFORMATION TECHNOLOGY 695391 MINDSHIFT 309 WAVERLY OAKS RD 301 WALTHAM MA 02452 INFORMATION TECHNOLOGY 546011 CVK REPROGRAHICS INC 1400 L STREET NW SUITE C-101 WASHINGTON DC 20005 PRINTING 436395 JOSEPH P DAY REALTY CORP 9 EAST 40TH STREET 8 NEW YORK NY 10016 REAL ESTATE 427616 27 10130714 23836222 33966936 NT EFFECTIVENESS 900099 16085336 16085336 PERFORMANCE MANAGEMENT 900099 12274024 12274024 28359360 109073 109073 1385 0 1385 1385 1385 62436754 28359360 0 110458 133001 133001 1879682 884485 995197 33810940 28979079 4599068 232793 895517 783060 104743 7714 2537672 2204214 311915 21543 2842025 2449022 374113 18890 163384 100984 62400 71150 71150 3185273 2658612 525791 870 550883 473086 77797 1292165 1017169 269313 5683 1167888 559169 598656 10063 582875 104960 477915 2405945 2079221 322547 4177 1032215 801712 226916 3587 1010636 823596 187040 97237 97237 DISTRICT REIMBURSEMENTS 1299763 1299763 MISCELLANEOUS 565225 373723 191007 495 BAD DEBT EXPENSE 65993 12843 53150 55589469 45737699 9545955 305815 1781891 1609866 6920687 6327564 7801132 14229217 4877009 6996129 372093 300114 4388544 1973010 2310013 2415534 2003815 2105637 238671 177650 26305311 34161711 5208631 6119524 731229 768049 116814 178216 6056674 7065789 X 15093400 13840100 5155237 13255822 20248637 27095922 26305311 34161711 6847285 0 X X 0 1 1 X 1 1 X 12210178 18247640 30047214 13743786 33966936 108215754 12210178 18247640 30047214 13743786 33966936 108215754 44070965 64144789 78599 20782 34092 17512 109073 260058 31125 18593 18387 12686 80791 108556603 106855478 0.59090 0.64170 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PAGE 2, PART II, SECTION B, LINE 10, EXPLANATION FOR OTHER INCOME: OTHER INCOME FOR ALL YEARS CONSISTS OF SPEAKER REIMBURSEMENTS, TAX REFUNDS, REBATES AND OTHER MISCELLANEOUS INCOME ITEMS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 11997 0 0 11997 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: DURING FY12, TIMOTHY DALY (PRESIDENT), DAVID KEELING (VP OF COMMUNICATIONS AND PUBLICATIONS) AND JENNIFER MULHERN (VP OF NEW TEACHER EFFECTIVENESS), MET WITH CONGRESSMEN TO DISCUSS THE REAUTHORIZATION OF THE FEDERAL ELEMENTARY AND SECONDARY EDUCATION ACT. JENNIFER MULHERN ALSO MET WITH EDUCATION TRUST TO DISCUSS THE REAUTHORIZATION OF THE HIGHER EDUCATION ACT AND TESTIFIED AT A HOUSE HEARING ON THE HIGHLY QUALIFIED PROVISIONS OF THE NO CHILD LEFT BEHIND LAW. 355810 85505 270305 268160 147754 120406 3764574 1739751 2024823 2415534 DEFERRED RENT 178216 178216 62436754 55589469 6847285 6847285 62528207 91453 91453 62436754 0 62436754 55680922 91453 91453 55589469 0 55589469 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: TNTP RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT TNTP HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. TNTP IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR YEARS PRIOR TO SEPTEMBER 30, 2009. 1 FISHMAN PRIZE AWARD 5 133001 SEE PART IV PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE FISHMAN PRIZE OFFERS UP TO FIVE TEACHERS PER YEAR A MONETARY AWARD OF $25,000, PLUS THE OPPORTUNITY TO PARTICIPATE IN AN INTENSE, 6-WEEK SUMMER RESIDENCY WITH TNTP. WINNERS SPEND THE SUMMER RESIDENCY ENGAGING IN VARIOUS ASPECTS OF TNTP'S WORK, MEETING AND DISCUSSING SCHOOL REFORM WITH POLICYMAKERS AND EDUCATION LEADERS, AND COLLABORATING WITH EACH OTHER AND WITH TNTP STAFF TO WRITE AND PUBLISH A SHORT PAPER ON A TOPIC RELATED TO EFFECTIVE TEACHING. IN ADDITION TO THE CASH AWARD, TNTP REIMBURSES AWARD RECIPENTS FOR EXPENSES INCURRED PERFORMING FISHMAN PRIZE WORK. X X X X X 0 0 0 0 0 0 0 1 0 ARIELA ROZMAN 236826 0 31902 0 0 0 8250 0 20373 0 297351 0 0 0 WENDY CHANG 155743 0 20000 0 0 0 8250 0 16729 0 200722 0 0 0 TIMOTHY DALY 224674 0 31819 0 0 0 8250 0 11293 0 276036 0 0 0 LAYLA AVILA 179485 0 27131 0 0 0 8250 0 14365 0 229231 0 0 0 DANIEL WEISBERG 199331 0 30884 0 0 0 8250 0 21936 0 260401 0 0 0 KAROLYN BELCHER 198388 0 30091 0 0 0 4278 0 8006 0 240763 0 0 0 VICTORIA VAN CLEEF 169705 0 16553 0 0 0 8250 0 5694 0 200202 0 0 0 DAVID KEELING 158460 0 27982 0 0 0 542 0 20433 0 207417 0 0 0 SARAH HEINE 151210 0 14073 0 0 0 8250 0 19380 0 192913 0 0 0 CHRISTINE SARGENT 149043 0 22397 0 0 0 4083 0 7394 0 182917 0 0 0 LEIGH MCGUIGAN 145277 0 21381 0 0 0 10212 0 7123 0 183993 0 0 0 PART I, LINE 7 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 EXECUTIVE VICE PRESIDENT OF HUMAN CAPITAL, AND THE VICE PRESIDENT(S) OF THE GROUP IN WHICH STAFF MEMBERS ARE EMPLOYED. CONTINUATION OF THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES: FORM 990, PART I, LINE 1 IN FY12, TNTP WAS ACTIVE IN 30 CITIES. WE PRODUCED 1,777 TEACHERS THROUGH 16 OF OUR "TEACHING FELLOWS" PROGRAMS, FILLED OVER 3,900 CLASSROOM VACANCIES IN 718 SCHOOLS, DEVELOPED 960 NEW TEACHERS THROUGH 16 TEACHER PREPARATION AND CERTIFICATION PROJECTS, LAUNCHED THE FISHMAN PRIZE TO RECOGNIZE THE COUNTRY'S MOST EXTRAORDINARY TEACHERS AND SHARE THEIR INSIGHTS WITH THE ENTIRE FIELD, AND PUBLISHED THE IRREPLACEABLES, WHICH, AFTER STUDYING 90,000 TEACHERS IN FOUR DISTRICTS, OFFERED PRACTICAL SUGGESTIONS THAT DISTRICTS CAN IMMEDIATELY APPLY TO HELP RETAIN MORE OF ITS BEST TEACHERS AND FEWER OF ITS LOW-PERFORMING TEACHERS. ORGANIZATION'S MISSION STATEMENT CONTINUED: FORM 990, PART III, LINE 1: BY PROVIDING EXCELLENT TEACHERS TO THE STUDENTS WHO NEED THEM MOST AND BY ADVANCING POLICIES AND PRACTICES THAT ENSURE EFFECTIVE TEACHING IN EVERY CLASSROOM. FORM 990, PART VI, SECTION B, LINE 11 THE NEW TEACHER PROJECT'S BOARD OF DIRECTORS (THE "BOARD") APPROVED FORMATION OF AN AUDIT & 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 & APPROVED THE APPOINTMENT OF THE COMMITTEE MEMBER AND APPOINTED 2 ADDITIONAL MEMBERS. A FOURTH COMMITTEE MEMBER WAS APPROVED ON OCTOBER 26, 2009 AND A FIFTH WAS APPOINTED ON NOVEMBER 6, 2012. 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. FORM 990, PART VI, SECTION B, LINE 12C 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. FORM 990, PART VI, SECTION B, LINE 15 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 2012. ALL OTHER SALARIES WERE APPROVED SEPTEMBER 2012. FORM 990, PART VI, SECTION C, LINE 19 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. FORM 990, PART XI, LINE 2C: AUDIT COMMITTEE (SELECTION OF ACCOUNTANT): 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.