2012-04-11T16:34:12-05:00 2011-09-30 O'CONNOR DAVIES MUNNS AND DOBBINS LLP 500 MAMARONECK AVENUE HARRISON NY 10528 990 2010-10-01 133850158 THE NEW TEACHER PROJECT INC NEWT 7182332800 186 JORALEMON STREET NO 300 BROOKLYN NY 11201 WENDY CHANG 9173344765 2012-04-11 1 GARRETT M HIGGINS CPA 9143818900 2010 2016-02-24 21:20:13Z ARIELA ROZMAN 186 JORALEMON STREET NO 300 BROOKLYN NY 11201 41043995 0 X WWW.TNTP.ORG X 1995 DE THE NEW TEACHER PROJECT (TNTP) IS A NATIONAL NONPROFIT DEDICATED (SEE SCHEDULE O FOR CONTINUATION) 11 10 1723 11 0 0 30047214 13743786 20632850 27270011 -48952 17512 18387 12686 50649499 41043995 0 0 0 0 25419988 34824985 0 0 246495 8906825 13647042 34326813 48472027 16322686 -7428032 32078565 26305311 4401896 6056674 27676669 20248637 X OUR 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) 0 0 17135313 8897609 TEACHER 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. 7537648 7385849 TRAINING 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. 6832779 4473147 SCHOOL 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. 9228785 6513406 OTHER 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. 9228785 6513406 40734525 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 131 0 1 1723 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 FL HI IL MA LA MD MN NY NJ NC OH OR PA RI SC TN VA WA DC WI X X ARIELA ROZMAN CEO 7182332800 186 JORALEMON STREET SUITE 300 BROOKLYN NY 11201 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 SIMPSON 1.00 X 0 0 0 P URI TREISMAN 1.00 X 0 0 0 WENDY KOPP 1.00 X 0 0 0 KATI HAYCOCK 1.00 X X 0 0 0 DANIEL KEATING 1.00 X X 0 0 0 MATT GLICKMAN 1.00 X 0 0 0 JOHN ARNOLD 1.00 X 0 0 0 ARIELA ROZMAN 50.00 X X 238880 0 17596 DANIEL WEISBERG 50.00 X 183007 0 22147 TIMOTHY DALY 50.00 X 209686 0 15986 KAROLYN BELCHER 50.00 X 184414 0 8163 WENDY CHANG 50.00 X 167797 0 18354 JEN ROCK 50.00 X 63824 0 5715 VICTORIA VAN CLEEF 50.00 X 174016 0 8650 LAYLA AVILA - VP 50.00 X 184302 0 18354 KARLA M OAKLEY - SR STRATEGIST 50.00 X 173255 0 11203 SARAH HEINE - VP 50.00 X 160431 0 19326 NEEL SATA 50.00 X 150410 0 21061 DAVID KEELING 50.00 X 163274 0 13539 FIONA LIN 50.00 X 155572 0 13626 DAVID MALBIN 50.00 X 144666 0 14059 CHRISTINE SARGENT 50.00 X 154318 0 8680 GREGORY VINCENT 50.00 X 141121 0 17433 MONICA VASQUEZ 50.00 X 138683 0 7022 RAFAEL REYES 50.00 X 150997 0 5826 2938653 0 246740 45 0 1 0 MRI NETWORK 88276 EXPEDITE WAY CHICAGO IL 60695 INFORMATION TECHNOLOGY 789076 REGENESIS IT 112 BALANCE DRIVE ORLEANS ONTARIO CA K4A 4N7 INFORMATION TECHNOLOGY 690251 MINDSHIFT 309 WAVERLY OAKS RD 301 WALTHAM MA 02452 INFORMATION TECHNOLOGY 546925 JOSEPH P DAY REALTY CORP 9 E 40TH STREET 8 NEW YORK NY 10016 REAL ESTATE 432388 CVK REPROGRAHICS INC 1400 L STREET NW SUITE C-101 WASHINGTON DC 20005 PRINTING 414653 17 8110140 5633646 13743786 TEACHING FELLOWS PRGM 900099 8897609 8897609 TRAINING & CERTIFICTN 900099 7385849 7385849 POLICY 900099 5808513 5808513 STAFFING INITIATIVES 900099 4473147 4473147 TEACHER QUALITY INNOVA 900099 704893 704893 27270011 17512 17512 SPEAKER REIMB & REBATE 900099 12686 12686 12686 41043995 27270011 0 30198 2619655 1377398 1214804 27453 27113608 24047628 2908080 157900 647420 577017 66669 3734 2140194 1867515 255515 17164 2304108 1972563 316982 14563 86052 45866 40186 52500 52500 2715673 2213297 501994 382 719488 530928 185987 2573 1865869 1557985 303196 4688 1281583 782320 495184 4079 457990 122940 332365 2685 2613162 2306712 299235 7215 860111 779780 77031 3300 140 140 654680 521287 133393 76871 76871 DISTRICT REIMBURSEMENTS 1521701 1521701 MISCELLANEOUS 610361 497791 111811 759 BAD DEBT EXPENSE 130861 11797 119064 0 48472027 40734525 7491007 246495 4746894 1781891 9403103 6920687 10850900 7801132 5300975 4877009 16389 78774 372093 3272388 962375 1629270 2310013 2003815 52260 238671 32078565 26305311 4118373 5208631 210172 731229 73351 116814 4401896 6056674 X 11878470 15093400 15798199 5155237 27676669 20248637 32078565 26305311 -7428032 0 X X 0 1 1 X 1 1 X 6043359 12210178 18247640 30047214 13743786 80292177 6043359 12210178 18247640 30047214 13743786 80292177 28555449 51736728 74975 78599 20782 34092 17512 225960 25652 31125 18593 18387 12686 106443 80624580 90132483 0.64170 0.59390 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 0 0 0 0 0 1 2410 0 0 2410 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: DURING 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. 355810 49924 305886 268160 94122 174038 2648418 818329 1830089 2310013 DEFERRED RENT 116814 116814 41043995 48472027 -7428032 0 -7428032 41123699 79704 79704 41043995 0 41043995 48551731 79704 79704 48472027 0 48472027 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 THE TNTP HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. X X X X X 0 0 0 0 0 0 0 0 0 ARIELA ROZMAN 199588 0 39292 0 0 0 8250 0 9346 0 256476 0 0 0 DANIEL WEISBERG 153518 0 29489 0 0 0 8250 0 13897 0 205154 0 0 0 TIMOTHY DALY 178156 0 31530 0 0 0 7180 0 8806 0 225672 0 0 0 KAROLYN BELCHER 154594 0 29820 0 0 0 2346 0 5817 0 192577 0 0 0 WENDY CHANG 139127 0 28670 0 0 0 8250 0 10104 0 186151 0 0 0 VICTORIA VAN CLEEF 149308 0 24708 0 0 0 8250 0 400 0 182666 0 0 0 LAYLA AVILA - VP 153417 0 30885 0 0 0 8250 0 10104 0 202656 0 0 0 KARLA M OAKLEY - SR STRATEGIST 153957 0 19298 0 0 0 5394 0 5809 0 184458 0 0 0 SARAH HEINE - VP 138818 0 21613 0 0 0 8250 0 11076 0 179757 0 0 0 NEEL SATA 140277 0 10133 0 0 0 8250 0 12811 0 171471 0 0 0 DAVID KEELING 138457 0 24817 0 0 0 542 0 12997 0 176813 0 0 0 FIONA LIN 139373 0 16199 0 0 0 7800 0 5826 0 169198 0 0 0 DAVID MALBIN 124813 0 19853 0 0 0 8250 0 5809 0 158725 0 0 0 CHRISTINE SARGENT 123027 0 31291 0 0 0 2871 0 5809 0 162998 0 0 0 GREGORY VINCENT 117324 0 23797 0 0 0 7929 0 9504 0 158554 0 0 0 RAFAEL REYES 125821 0 25176 0 0 0 0 0 5826 0 156823 0 0 0 CONTINUATION OF THE ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES: FORM 990, PART I, LINE 1 THE 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 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 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 12C THE 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 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. 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 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. REASONABLE CAUSE STATEMENT APPENDIX A PAPER 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.