TNTP INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
TNTP INC (EIN 13-3850158)
Tax period
2010-10-01 to 2011-09-30
Filed
2012-04-11
IRS object ID
201231029349300748
Schema version
2010v3.4
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-04-11T16:34:12-05:00Timestamp
Tax Period End Date2011-09-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1O'CONNOR DAVIES MUNNS AND DOBBINS LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1500 MAMARONECK AVENUEAddressLine1
CityHARRISONCity
StateNYState
ZIP Code10528ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-10-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN133850158EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE NEW TEACHER PROJECT INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlNEWTNameControl
Phone7182332800Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1186 JORALEMON STREET NO 300AddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11201ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameWENDY CHANGName
TitleCFOTitle
Phone9173344765Phone
Date Signed2012-04-11DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameGARRETT M HIGGINS CPAName
Phone9143818900Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonARIELA ROZMANNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1186 JORALEMON STREET NO 300AddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11201ZIPCode
FieldValueIRS element (for citing)
Gross Receipts41043995GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.TNTP.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1995YearFormation
State Legal DomicileDEStateLegalDomicile
Activity Or Mission DescriptionTHE NEW TEACHER PROJECT (TNTP) IS A NATIONAL NONPROFIT DEDICATED (SEE SCHEDULE O FOR CONTINUATION)ActivityOrMissionDescription
Nbr Voting Members Governing Body11NbrVotingMembersGoverningBody
Nbr Independent Voting Members10NbrIndependentVotingMembers
Total Nbr Employees1723TotalNbrEmployees
Total Nbr Volunteers11TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year30047214ContributionsGrantsPriorYear
Contributions Grants Current Year13743786ContributionsGrantsCurrentYear
Program Service Revenue Prior Year20632850ProgramServiceRevenuePriorYear
Program Service Revenue CY27270011ProgramServiceRevenueCY
Investment Income Prior Year-48952InvestmentIncomePriorYear
Investment Income Current Year17512InvestmentIncomeCurrentYear
Other Revenue Prior Year18387OtherRevenuePriorYear
Other Revenue Current Year12686OtherRevenueCurrentYear
Total Revenue Prior Year50649499TotalRevenuePriorYear
Total Revenue Current Year41043995TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year25419988SalariesEtcPriorYear
Salaries Etc Current Year34824985SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year246495TotalFundrsngExpCurrentYear
Other Expense Prior Year8906825OtherExpensePriorYear
Other Expenses Current Year13647042OtherExpensesCurrentYear
Total Expenses Prior Year34326813TotalExpensesPriorYear
Total Expenses Current Year48472027TotalExpensesCurrentYear
Revenues Less Expenses Prior Year16322686RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-7428032RevenuesLessExpensesCY
Total Assets BOY32078565TotalAssetsBOY
Total Assets EOY26305311TotalAssetsEOY
Total Liabilities BOY4401896TotalLiabilitiesBOY
Total Liabilities EOY6056674TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY27676669NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY20248637NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionOUR VISION - OUR NATION'S PUBLIC SCHOOLS WILL BE THRIVING ORGANIZATIONS THAT OFFER ALL CHILDREN AN EXCELLENT EDUCATION.OUR MISSION - THE NEW TEACHER PROJECT'S MISSION IS TO END THE INJUSTICE OF EDUCATIONAL INEQUALITY (SEE SCHEDULE O FOR CONTINUATION)MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense17135313Expense
Revenue8897609Revenue
DescriptionTEACHER RECRUITMENT: TEACHING FELLOWS PROGRAMS WE PARTNER WITH SCHOOL DISTRICTS AND STATES TO ESTABLISH INNOVATIVE PROGRAMS THAT TAKEN TOGETHER, RECRUITED, SELECTED AND TRAINED NEARLY 7,000 TEACHERS THIS YEAR ALONE. TNTP IS NATIONALLY RECOGNIZED FOR ITS EXPERTISE IN THE DEVELOPMENT OF HIGH-QUALITY ALTERNATE ROUTE TO TEACHER CERTIFICATION PROGRAMS FOR URBAN SCHOOL SYSTEMS; IN 2011, OUR "TEACHING FELLOWS" PROGRAMS DREW MORE THAN 33,000 APPLICANTS NATIONWIDE. TNTP ALSO WORKS WITH STATES TO CREATE PROGRAMS THAT SERVE MULTIPLE SCHOOL DISTRICTS AND WITH CHARTER SCHOOLS THAT SERVE HIGH-POVERTY POPULATIONS.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense7537648Expense
Revenue7385849Revenue
DescriptionTRAINING AND CERTIFICATIONWITH DISTRICT AND/OR UNIVERSITY PARTNERS, WE DEVELOP AND IMPLEMENT PRE-SERVICE TRAINING, PROFESSIONAL DEVELOPMENT, AND CERTIFICATION PROGRAMS THAT ARE SPECIFICALLY DESIGNED FOR TEACHERS PURSUING ALTERNATE ROUTES TO CERTIFICATION. IN 2011, WE CERTIFIED OVER 1,000 TEACHERS IN SIX STATES. OUR PROGRAMS ARE ANCHORED IN THE BELIEF THAT NEW TEACHERS CAN AND MUST HAVE AN IMMEDIATE AND POSITIVE IMPACT ON STUDENTS AND SCHOOLS, AND THAT RESEARCH-BASED INSTRUCTIONAL PRACTICES ARE THE NECESSARY TOOLS TO EMPOWER ALTERNATIVE ROUTE TEACHERS TO ACHIEVE MAXIMUM IMPACT IN MINIMUM TIME.Description

Activity3 Activity3

FieldValueIRS element (for citing)
Expense6832779Expense
Revenue4473147Revenue
DescriptionSCHOOL STAFFINGWE 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 FY11, TNTP FILLED OVER 3,500 CLASSROOM VACANCIES IN 554 SCHOOLS. IN MEMPHIS CITY SCHOOLS ALONE, WE IDENTIFIED AND FILLED 1,200 TEACHER VACANCIES IN 190 SCHOOLS TO ENSURE THAT, AT THE START OF THE 2011-12 SCHOOL YEAR, THE DISTRICT WAS 100% STAFFED.Description

Activity Other ActivityOther

FieldValueIRS element (for citing)
Expense9228785Expense
Revenue6513406Revenue
DescriptionOTHER PROGRAM SERVICES: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'RE BUILDING STRONG FRAMEWORKS, LIKE FAIR AND TRANSPARENT TEACHER AND PRINCIPAL EVALUATION SYSTEMS. AND WE'RE 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 2011, TNTP PARTNERED 9 DISTRICTS AND STATES TO BRING STRONGER EVALUATIONS TO THE CLASSROOM LEVEL. ONE OF OUR DISTRICT PARTNERS IS THE HOUSTON INDEPENDENT SCHOOL DISTRICT (HISD). TNTP WORKED WITH HISD TO DESIGN A NEW TEACHER APPRAISAL SYSTEM AND ENGAGED 4,000 STAKEHOLDERS IN THE PROCESS. THE NEW APPRAISAL SYSTEM, APPROVED BY THE HISD BOARD WAS ROLLED OUT TO 11,000 TEACHERS IN SEPTEMBER. THIS YEAR, 44,000 OBSERVATIONS WILL BE CONDUCTED AND 202,000 STUDENTS STAND TO BENEFIT.IN ADDITION, WE CONDUCT 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 2011, WE PUBLISHED DESIGN STANDARDS THAT GUIDED DISTRICTS AND STATES NATIONWIDE AS THEY OVERHAULED THEIR TEACHER EVALUATION SYSTEMS. PUBLICATIONS INCLUDED: TEACHER EVALUATION 2.0; RATING A TEACHER OBSERVATION TOOL; SMART SPENDING FOR A BETTER TEACHER EVALUATION SYSTEM; AND THE SCHOOL LEADERS TOOLBOX.Description
FieldValueIRS element (for citing)
Total Of Other Program Service Exp9228785TotalOfOtherProgramServiceExp
Total Of Other Program Service Rev6513406TotalOfOtherProgramServiceRev
Total Program Service Expense40734525TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities1LobbyingActivities
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities1ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With1096131NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees1723NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members11NbrVotingGoverningBodyMembers
Number Independent Voting Members10NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledAZStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledARStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledCAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledCOStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledCTStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledFLStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledHIStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledILStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledLAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledMDStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledMNStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledNJStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledNCStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledOHStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledORStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledPAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledRIStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledSCStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledTNStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledVAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledWAStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledDCStatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is FiledWIStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonARIELA ROZMAN CEONamePerson
Telephone Number7182332800TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1186 JORALEMON STREET SUITE 300AddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11201ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (29 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerKey EmployeeKeyEmployeeHighest Compensated EmployeeHighestCompensatedEmployee
C KENT MCGUIRE
DIRECTOR1.00X000
CHRIS BIERLY
DIRECTOR1.00X000
CHRISTOPHER CROSS
DIRECTOR1.00X000
FREDERICK M O'SUCH
DIRECTOR1.00X000
JOHN SIMPSON
DIRECTOR1.00X000
P URI TREISMAN
DIRECTOR1.00X000
WENDY KOPP
DIRECTOR THRU JAN 20111.00X000
KATI HAYCOCK
CHAIRPERSON/DIRECTOR1.00X000X
DANIEL KEATING
DIRECTOR/SECRETARY1.00X000X
MATT GLICKMAN
DIRECTOR, BEGINNING 6/9/111.00X000
JOHN ARNOLD
DIRECTOR AS OF JAN 20101.00X000
ARIELA ROZMAN
CEO50.00X238880017596X
DANIEL WEISBERG
VP OF POLICY & RESEARCH50.00183007022147X
TIMOTHY DALY
PRESIDENT50.00209686015986X
KAROLYN BELCHER
VP HUMAN CAPITAL50.0018441408163X
WENDY CHANG
TREAS./CFO50.00167797018354X
JEN ROCK
ASST. SEC. / CONTRACTS MGR50.006382405715X
VICTORIA VAN CLEEF
VP STAFFING INITIATIVES50.0017401608650X
LAYLA AVILA - VP
TEACHING FELLOWS PROGRAMS50.00184302018354X
KARLA M OAKLEY - SR STRATEGIST
TEACHING QUALITY INNOVTNS50.00173255011203X
SARAH HEINE - VP
TEACHING & CERTIFICATION50.00160431019326X
NEEL SATA
VP OF INFO TECHNOLOGY50.00150410021061X
DAVID KEELING
VP OF COMMUNICATIONS50.00163274013539X
FIONA LIN
VP RESEARCH50.00155572013626X
DAVID MALBIN
PARTNER TFP50.00144666014059X
CHRISTINE SARGENT
SENIOR PARTNER OF TFP50.0015431808680X
GREGORY VINCENT
PARTNER TFP50.00141121017433X
MONICA VASQUEZ
PARTNER OF SI50.0013868307022X
RAFAEL REYES
PARTNER OF TQI50.0015099705826X
FieldValueIRS element (for citing)
Total Reportable Comp From Org2938653TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation246740TotalOtherCompensation
Number Individuals GT100 K45NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensationAddress Line1AddressOfContractor/AddressForeign/AddressLine1CityAddressOfContractor/AddressForeign/CityProvince Or StateAddressOfContractor/AddressForeign/ProvinceOrStateCountryAddressOfContractor/AddressForeign/CountryPostal CodeAddressOfContractor/AddressForeign/PostalCode
MRI NETWORK
88276 EXPEDITE WAYCHICAGOIL60695INFORMATION TECHNOLOGY789076
REGENESIS IT
INFORMATION TECHNOLOGY690251112 BALANCE DRIVEORLEANSONTARIOCAK4A 4N7
MINDSHIFT
309 WAVERLY OAKS RD 301WALTHAMMA02452INFORMATION TECHNOLOGY546925
JOSEPH P DAY REALTY CORP
9 E 40TH STREET 8NEW YORKNY10016REAL ESTATE432388
CVK REPROGRAHICS INC
1400 L STREET NW SUITE C-101WASHINGTONDC20005PRINTING414653
FieldValueIRS element (for citing)
Number Of Contractors GT100 K17NumberOfContractorsGT100K
Government Grants8110140GovernmentGrants
All Other Contributions5633646AllOtherContributions
Total Contributions13743786TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
TEACHING FELLOWS PRGM90009988976098897609
TRAINING & CERTIFICTN90009973858497385849
POLICY90009958085135808513
STAFFING INITIATIVES90009944731474473147
TEACHER QUALITY INNOVA900099704893704893
FieldValueIRS element (for citing)
Total Program Service Revenue27270011TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column17512TotalRevenueColumn
Exclusion$17,512ExclusionAmount

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionSPEAKER REIMB & REBATEDescription
Business Code900099BusinessCode
Total Revenue Column12686TotalRevenueColumn
Exclusion$12,686ExclusionAmount
FieldValueIRS element (for citing)
Total Other Revenue12686TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column41043995TotalRevenueColumn
Related Or Exempt Function Income27270011RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$30,198ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total2619655Total
Program Services1377398ProgramServices
Management And General1214804ManagementAndGeneral
Fundraising27453Fundraising

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total27113608Total
Program Services24047628ProgramServices
Management And General2908080ManagementAndGeneral
Fundraising157900Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total647420Total
Program Services577017ProgramServices
Management And General66669ManagementAndGeneral
Fundraising3734Fundraising

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total2140194Total
Program Services1867515ProgramServices
Management And General255515ManagementAndGeneral
Fundraising17164Fundraising

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total2304108Total
Program Services1972563ProgramServices
Management And General316982ManagementAndGeneral
Fundraising14563Fundraising

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total86052Total
Program Services45866ProgramServices
Management And General40186ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total52500Total
Management And General52500ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total2715673Total
Program Services2213297ProgramServices
Management And General501994ManagementAndGeneral
Fundraising382Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total719488Total
Program Services530928ProgramServices
Management And General185987ManagementAndGeneral
Fundraising2573Fundraising

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total1865869Total
Program Services1557985ProgramServices
Management And General303196ManagementAndGeneral
Fundraising4688Fundraising

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total1281583Total
Program Services782320ProgramServices
Management And General495184ManagementAndGeneral
Fundraising4079Fundraising

Occupancy Occupancy

FieldValueIRS element (for citing)
Total457990Total
Program Services122940ProgramServices
Management And General332365ManagementAndGeneral
Fundraising2685Fundraising

Travel Travel

FieldValueIRS element (for citing)
Total2613162Total
Program Services2306712ProgramServices
Management And General299235ManagementAndGeneral
Fundraising7215Fundraising

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total860111Total
Program Services779780ProgramServices
Management And General77031ManagementAndGeneral
Fundraising3300Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total140Total
Management And General140ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total654680Total
Program Services521287ProgramServices
Management And General133393ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total76871Total
Management And General76871ManagementAndGeneral

Other Expenses OtherExpenses (3 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
DISTRICT REIMBURSEMENTS15217011521701
MISCELLANEOUS610361497791111811759
BAD DEBT EXPENSE130861117971190640

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total48472027Total
Program Services40734525ProgramServices
Management And General7491007ManagementAndGeneral
Fundraising246495Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY4746894BOY
EOY1781891EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY9403103BOY
EOY6920687EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY10850900BOY
EOY7801132EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY5300975BOY
EOY4877009EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY16389BOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY78774BOY
EOY372093EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis3272388LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec962375LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY1629270BOY
EOY2310013EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
EOY2003815EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY52260BOY
EOY238671EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY32078565BOY
EOY26305311EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY4118373BOY
EOY5208631EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY210172BOY
EOY731229EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY73351BOY
EOY116814EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY4401896BOY
EOY6056674EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY11878470BOY
EOY15093400EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY15798199BOY
EOY5155237EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY27676669BOY
EOY20248637EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY32078565BOY
EOY26305311EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-7428032ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required1FederalGrantAuditRequired
Federal Grant Audit Performed1FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years6043359CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years12210178CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years18247640CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year30047214CurrentTaxYearMinus1Year
Current Tax Year13743786CurrentTaxYear
Total80292177Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years6043359CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years12210178CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years18247640CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year30047214CurrentTaxYearMinus1Year
Current Tax Year13743786CurrentTaxYear
Total80292177Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total28555449AmountsSubstContributorsTotal
Public Support Total17051736728PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years74975CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years78599CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years20782CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year34092CurrentTaxYearMinus1Year
Current Tax Year17512CurrentTaxYear
Total225960Total

Other Income170 OtherIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years25652CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years31125CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years18593CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year18387CurrentTaxYearMinus1Year
Current Tax Year12686CurrentTaxYear
Total106443Total
FieldValueIRS element (for citing)
Total Support80624580TotalSupport
Gross Receipts From Admissions Etc90132483GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.64170PublicSupportPertcentage170
Public Support Pertcent Prior Year0.59390PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170
General ExplanationSCHEDULE 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.GeneralExplanation

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0Volunteers
Paid Staff Or Management0PaidStaffOrManagement
Media Advertisements0MediaAdvertisements
Mailings Members0MailingsMembers
Publications Or Broadcast0PublicationsOrBroadcast
Grants Other Organizations0GrantsOtherOrganizations
Direct Contact Legislators1DirectContactLegislators
Direct Contact Legislators$2,410DirectContactLegislatorsAmount
Rallies Demonstrations0RalliesDemonstrations
Other Activities0OtherActivities
Total Lobbying Expenditures IIB2410TotalLobbyingExpendituresIIB
Not Described In501c30NotDescribedIn501c3

Form990 Schedule C Part IV Form990ScheduleCPartIV

FieldValueIRS element (for citing)
IdentifierEXPLANATION OF OTHER LOBBYING ACTIVITIES:Identifier
Return ReferencePART II-B, LINE 1I:ReturnReference
ExplanationDURING FY11, TNTP PRESIDENT (TIMOTHY DALY), GENERAL COUNSEL (DANIEL WEISBERG), AND SENIOR STRATEGIST (KARLA OAKLEY), MET WITH CONGRESSMEN IN WASHINGTON, DC TO DISCUSS THE REAUTHORIZATION OF THE ELEMENTARY AND SECONDARY EDUCATION ACT (ESEA). IN ADDITION, DANIEL WEISBERG AND JENNIFER MULHERN, A PARTNER, TESTIFIED BEFORE THE INDIANA STATE SENATE IN SUPPORT OF THEIR TEACHER EFFECTIVENESS LEGISLATION.Explanation

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis355810OtherCostOrOtherBasis
Depreciation49924Depreciation
Book Value305886BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis268160OtherCostOrOtherBasis
Depreciation94122Depreciation
Book Value174038BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis2648418OtherCostOrOtherBasis
Depreciation818329Depreciation
Book Value1830089BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings2310013TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionDEFERRED RENTDescription
Amount$116,814Amount
FieldValueIRS element (for citing)
Total Of Amounts116814TotalOfAmounts
Total Revenue41043995TotalRevenue
Total Expenses48472027TotalExpenses
Excess Or Deficit For Year-7428032ExcessOrDeficitForYear
Total Adjustments0TotalAdjustments
Excess Or Deficit Per FS-7428032ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt41123699TotRevenueEtcAuditedFinclStmt
Donated Srvc And Use Of Facilities79704DonatedSrvcAndUseOfFacilities
Revenue Not Rptd F99079704RevenueNotRptdF990
Revenue Subtotal41043995RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form99041043995TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt48551731TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities79704DonatedServicesUseOfFacilities
Expenses Not Rptd F99079704ExpensesNotRptdF990
Expenses Subtotal48472027ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form99048472027TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
IdentifierDESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:Identifier
Return ReferencePART X:ReturnReference
ExplanationTNTP RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THE TNTP HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Independent ConsultantXIndependentConsultant
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (16 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
ARIELA ROZMAN
1995880392920008250093460256476000
DANIEL WEISBERG
15351802948900082500138970205154000
TIMOTHY DALY
1781560315300007180088060225672000
KAROLYN BELCHER
1545940298200002346058170192577000
WENDY CHANG
13912702867000082500101040186151000
VICTORIA VAN CLEEF
149308024708000825004000182666000
LAYLA AVILA - VP
15341703088500082500101040202656000
KARLA M OAKLEY - SR STRATEGIST
1539570192980005394058090184458000
SARAH HEINE - VP
13881802161300082500110760179757000
NEEL SATA
14027701013300082500128110171471000
DAVID KEELING
1384570248170005420129970176813000
FIONA LIN
1393730161990007800058260169198000
DAVID MALBIN
1248130198530008250058090158725000
CHRISTINE SARGENT
1230270312910002871058090162998000
GREGORY VINCENT
1173240237970007929095040158554000
RAFAEL REYES
1258210251760000058260156823000

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
CONTINUATION OF THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES:FORM 990, PART I, LINE 1THE NEW TEACHER PROJECT (TNTP) IS A NATIONAL NONPROFIT DEDICATED TO CLOSING THE ACHIEVEMENT GAP BY ENSURING THAT HIGH-NEED STUDENTS GET OUTSTANDING TEACHERS. 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 APPROXIMATELY 48,000 TEACHERS, BENEFITING AN ESTIMATED 8 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. IN FY11, TNTP WAS ACTIVE IN 30 CITIES. WE PRODUCED 1,534 TEACHERS THROUGH 18 TEACHING FELLOWS PROGRAMS. WE FILLED MORE THAN 3,100 VACANCIES THROUGH OUR STAFFING INITIATIVES CONTRACTS, DEVELOPED 1,105 NEW TEACHERS THROUGH 10 TEACHER PREPARATION AND CERTIFICATION PROJECTS AND LAUNCHED SIX NEW TNTP ACADEMY SITES. WE TOOK GROUNDBREAKING STEPS TO HOLD OUR NEW TEACHERS ACCOUNTABLE FOR CLASSROOM PERFORMANCE IN ORDER TO EARN CERTIFICATION, USED OUR INSTRUCTIONAL CULTURE INSIGHT SURVEY TO HELP SCHOOL LEADERS RE-ASSESS THEIR TALENT MANAGEMENT STRATEGIES AND PARTNERED WITH THE HOUSTON INDEPENDENT SCHOOL DISTRICT TO UNDERTAKE THE LARGEST URBAN TEACHER EVALUATION REFORM EFFORT IN THE NATION. WITH TNTP'S SUPPORT, DISTRICTS ARE GENERATING EVALUATION RESULTS THAT LOOK QUITE DIFFERENT FROM THE "WIDGET EFFECT" TRENDS OF THE PAST AND BETTER EVALUATION SYSTEMS ARE EMPOWERING THEM TO RECOGNIZE EXCELLENT TEACHING AND ADDRESS POOR PERFORMANCE. WE RELEASED SEVERAL REPORTS GUIDING DISTRICTS AND STATES NATIONWIDE AS THEY OVERHAUL THEIR TEACHER EVALUATION SYSTEMS. WE ALSO DEVELOPED THE SCHOOL LEADERS TOOLBOX, A FREE RESOURCE COLLECTED FROM THE NATION'S TOP CHARTER SCHOOLS AND INFORMED BY MORE THAN 1,000 TEACHERS AND SCHOOL LEADERS. IT OFFERS PROVEN TOOLS AND INNOVATIVE STRATEGIES FOR MANAGING TEACHER WORKFORCES TO HIGH PERFORMANCE.
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 11THE 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 COMMITTE MEMEBR WAS APPROVED ON OCTOBER 26, 2009. 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 12CTHE NEW TEACHER PROJECT ("TNTP") DISTRIBUTES AN ANNUAL CONFLICT OF INTEREST POLICY TO DIRECTORS, OFFICERS, COMMITTEE MEMBERS, AND KEY EMPLOYEES AND REQUIRE 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 15THE 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. DURING 2010, TNTP CONTRACTED AN INDEPENDENT COMPENSATION CONSULTANT TO DO THIS ANALYSIS ON SELECT POSITIONS, INCLUDING THE CEO POSITION. DATA WAS 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 STUDY CONCLUDED THAT TNTP'S SALARY BANDS ARE GENERALLY ALIGNED WITH THE MARKET, AND IN SOME CASES, SALARIES WERE BELOW MARKET. DURING SEPTEMBER 2010, MANAGEMENT ANNOUNCED CHANGES TO ITS COMPENSATION MODEL FOR FY11 TO BETTER ALIGN COMPENSATION WITH THE MARKET. THIS MARKET ANALYSIS WAS SHARED WITH THE EXECUTIVE COMMITTEE OF THE BOARD, AND CONSIDERED IN THEIR RECOMMENDATION FOR CEO COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19THE 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.
REASONABLE CAUSE STATEMENTAPPENDIX APAPER FILING PURSUANT TO NOTICE 2012-4 WHILE THE NEW TEACHERS PROJECT IS REQUIRED TO ELECTRONICALLY FILE THEIR TAX RETURN, THEY WERE UNABLE TO DO SO PURSUANT TO IRS NOTICE 2012-4 IN ANTICIPATION OF NECESSARY MAINTENANCE TO THE MEF SYSTEM. NOTICE 2012-4 STATES THAT THE IRS MODERNIZED EFILE (MEF) SYSTEM WAS NOT GOING TO BE AVAILABLE FROM JANUARY 1, 2012 THROUGH FEBRUARY 20, 2012 FOR THE ELECTRONIC FILING OF FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX AND THAT "AFFECTED ORGANIZATIONS" THAT ARE NORMALLY REQUIRED TO FILE THEIR RETURNS ELECTRONICALLY DURING THIS TIME PERIOD COULD INSTEAD CHOOSE TO FILE A PAPER RETURN. DURING THE TAX YEAR ENDED SEPTEMBER 30, 2011 THE ORGANIZATION HAD OVER $10,000,000 IN ASSETS, FILED OVER $250 RETURNS WITH THE IRS AND WAS REQUIRED TO SUBMIT ITS FORM 990 ELECTRONICALLY, HOWEVER CHOSE TO FILE ON PAPER PURSUANT TO NOTICE 2012-4 BECAUSE THE IRS MODERNIZED EFILE (MEF) SYSTEM WAS OUT OF SERVICE. PLEASE ACCEPT OUR TAX RETURN AS BEING PROPERLY FILED.

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