2011-02-04T11:58:20-06:00 2010-09-30 O'CONNOR DAVIES MUNNS AND DOBBINS LLP 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 10528 990 2009-10-01 133850158 THE NEW TEACHER PROJECT INC NEWT 7182332800 186 JORALEMON STREET No 300 BROOKLYN NY 11201 Wendy Chang 9173344765 2011-02-04 1 NORA GALLEROS CPA 9145841834 2009 2016-02-24 21:20:13Z ARIELA ROZMAN 186 JORALEMON STREET No 300 BROOKLYN NY 11201 50732543 0 X WWW.TNTP.ORG X 1995 DE The New Teacher Project has recruited or trained approximately 43,000 teachers and worked with more than 200 districts in 31 states. These teachers have influenced an estimated 7 million students, from Bedford Stuyvesant in Brooklyn to the Ninth Ward of New Orleans. A 2007 study by the Urban Institute credited TNTP's NYC Teaching Fellows program for the "remarkable narrowing in the gap in teacher qualifications between high- and low-poverty schools" in New York City. Meanwhile, TNTP's acclaimed studies of the policies and practices that affect the quality of the teacher workforce -- most recently including The Widget Effect (2009) and Teacher Evaluation 2.0 (2010) -- have influenced federal education policy and inspired reform efforts across the country. 11 10 1587 13 0 0 18247640 30047214 16484731 20632850 20782 -48952 18593 18387 34771746 50649499 0 0 22166171 25419988 0 350560 8400006 8906825 30566177 34326813 4205569 16322686 16316184 32078565 4962201 4401896 11353983 27676669 The New Teacher Project's mission is to end the injustice of educational inequality by providing excellent teachers to the students who need them most and by advancing policies and practices that ensure effective teaching in every classroom. 0 0 13340618 8963704 TEACHING FELLOWS PROGRAM:In more than 18 cities nationwide, The New Teacher Project's highly selective Teaching Fellows programs transform accomplished career changers and high-achieving college grads into dedicated teachers, diversifying local teacher talent pipelines and bringing great teachers to the students who need them most. In 2010, Teaching Fellows programs drew nearly 36,000 applications nationwide, and accepted only 9 percent of applicants, comparable in selectivity to top U.S. universities. 83% taught high--need subjects; 78% taught in high- poverty (Title I) schools; and 37% are people of color. 6121345 5080598 TRAINING AND CERTIFICATION:The New Teacher Project's (TNTP) Training and Certification programs pioneer new ways of preparing effective teachers for high-need schools. For the past three years, a state value-added study of Louisiana's teacher preparation programs has given TNTP the highest possible rating for teacher effectiveness in four content areas, and has indicated that teachers certified by TNTP outperformed new and experienced teachers in these areas. During 2010, over 1,300 teachers were trained through TNTP's programs in six jurisdictions -- California, Louisiana, Maryland, Texas, Rhode Island, and the District of Columbia. 4460253 4849121 STAFFING INITITATIVES:The New Teacher Project's (TNTP) Staffing Initiatives help low-performing schools build strong instructional teams and open the school year fully staffed. TNTP gives principals the tools and support they need to hire top talent-- a key to raising student achievement. In 2010, TNTP provided intensive, targeted staffing support in nine cities: Chicago, Denver, Oakland, Nashville, New Orleans, New York, Memphis, Providence, and San Francisco. Across districts, Staffing Initiatives filled 3,633 vacancies in 488 struggling schools. 4924261 1739427 OTHER PROGRAM SERVICES:Policy:Through non-partisan, data-driven analysis, The New Teacher Project (TNTP) identifies the policy barriers that prevent poor and minority children from getting fair access to effective teachers. TNTP makes its results public and then strategically advocates for reforms designed to help districts and states generate breakthrough gains in student performance. In 2010, TNTP published nine reports, inspiring 341 citations in news articles, and the pursuit of teacher effectiveness reforms by 8 districts and states. Intensive engagement with both Houston and New York helped both districts increase the rigor of tenure decisions, and four states engaged TNTP to design new teacher evaluation systems and a human capital strategy. Total program expenses (Policy): $2,914,838; Program Revenue (Policy): $1,219,427Teacher Quality Innovations:The New Teacher Project (TNTP) Teacher Quality Innovations program develops and executes innovative pilot projects that further the organization's commitment to sourcing, training, certifying and retaining highly effective teachers. In 2010, Teacher Quality Innovations built 11 new models to ensure teacher effectiveness is at the core of all decisions made by a district. TNTP also began a pilot with Denver Public Schools to recommend certification for all Denver alternate route teachers based on student growth, and helped the Recovery School District of Louisiana (RSD) roll out and implement a new teacher evaluation system.Total program expenses (TQI): $2,009,423; Total prgram revenue (TQI): $520,000 4924261 1739427 28846477 1 1 0 1 0 0 0 0 0 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 1 154 0 1 1587 1 0 0 0 0 0 0 0 0 0 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 THE NEW TEACHER PROJ 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 MICHAEL D CASSERLY 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 JULIE MIKUTA 1.00 X X 0 0 0 ARIELA ROZMAN 50.00 X X 227366 0 19130 JOHN ARNOLD 1.00 X 0 0 0 TIMOTHY DALY 50.00 X 195465 0 16910 KAROLYN BELCHER 50.00 X 169427 0 6117 WENDY CHANG 50.00 X 118094 0 4084 JEN ROCK -ASST SEC 50.00 X 48089 0 2299 VICTORIA VAN CLEEF 50.00 X 169418 0 24674 LAYLA AVILA - VP 50.00 X 174918 0 19174 SARAH HEINE - VP 50.00 X 163618 0 19421 DANIEL WEISBERG 50.00 X 142895 0 14343 KARLA M OAKLEY - SR ST 50.00 X 176959 0 10767 ROGER SCHULMAN-Snr Prtnr 50.00 X 138762 0 619 NEEL SATA 50.00 X 152961 0 21642 DAVID MALBIN 50.00 X 142142 0 16655 CAROL STERLACCI-SERV AS 40.00 X 104628 0 6566 2124742 0 182401 40 1 1 0 INSIGHT EDUCATION GROUP INC 16130 VENTURA BLVD SUITE 300 ENCINO CA 91436 EDUCATION CONSULTANT 554520 REGENESIS IT 112 BALANCE DRIVE ORLEANS ONTARIO CA K4A 4N7 INFORMATION TECHNOLOGY 380655 SINU 285 WEST BROADWAY SUITE 410 NEW YORK NY 10013 INFORMATION TECHNOLOGY 280678 JOSEPH P DAY REALTY CORP 9 E 40TH STREET 8 NEW YORK NY 10016 REAL ESTATE 174306 HOTEL MONTELEONE 214 ROYAL STREET NEW ORLEANS LA 70130 TRAVEL/ACCOMODATIONS 128081 17 4428930 25618284 30047214 TEACHING FELLOWS PRGM 900099 8963704 8963704 TRAINING & CERTIFICTN 900099 5080598 5080598 STAFFING INITIATIVES 900099 4849121 4849121 POLICY 900099 1219427 1219427 TEACHER QUALITY INNOVA 900099 520000 520000 20632850 34092 34092 83044 -83044 -83044 -83044 MISCELLANEOUS 900099 18387 18387 18387 50649499 20632850 0 -30565 1526519 883915 613951 28653 20225524 17613848 2407868 203808 395010 277937 114589 2484 1464671 1390457 50923 23291 1808264 1458704 334401 15159 39426 32724 6702 53610 9000 44610 10301 10301 1510232 1234949 217013 58270 668332 570873 95607 1852 871166 578544 287031 5591 1182900 957956 221004 3940 336851 189204 147266 381 1916352 1639733 270941 5678 266618 234972 31627 19 59 59 228086 172388 55518 180 69089 69089 Miscellaneous 1027480 864649 161577 1254 Other client billables 726323 726323 34326813 28846477 5129776 350560 3987327 4746894 6926743 9403103 1759758 10850900 2983631 5300975 3545 7012 16389 97272 78774 1936965 307695 453286 1629270 97610 52260 16316184 32078565 4420177 4118373 490733 210172 51291 73351 4962201 4401896 X 7238912 11878470 4115071 15798199 11353983 27676669 16316184 32078565 X 0 1 1 X 1 1 X 4798956 6043359 12210178 18247640 30047214 71347347 4798956 6043359 12210178 18247640 30047214 71347347 28739181 42608166 52507 74975 78599 20782 34092 260955 35151 25652 31125 18593 18387 128908 71737210 72634099 0.59390 0.74780 X Schedule A, Part IV, Supplemental Information: SCHEDULE A, PART II, SECTION B, LINE 10 - EXPLANATION OF OTHER INCOME: ALL AMOUNTS REPORTED ON THIS LINE ARE MISCELLANOEUS INCOME FOR ALL YEARS DETAIL AS FOLLOWS: 2005 2006 2007 2008 2009 TOTAL ------- ------- ------- ------- ------- -------- MISC. INCOME $35,151 $25,652 $31,125 $18,593 $18,387 $128,908 ======= ======= ======= ======= ======= ======== RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 10031 0 0 10031 0 Part II-B, Line 1i: Explanation of Other Lobbying Activities: FY10 lobbying expenses were incurred by The New Teacher Project CEO (Ariela Rozman) and President (Timothy Daly). During the months of May through July 2010, Ariela Rozman and Timothy Daly met with congressmen in Washington, D.C. to discuss the reauthorization of the Elementary and Secondary Education Act (ESEA). During July 2010, Timothy Daly spoke with lawmakers to discuss protecting Race to the Top money from potential cuts. Additionally, time was spent in Austin, TX discussing teacher effectiveness legislation and Timothy Daly gave testimony before the Texas state senate. 142853 28072 114781 141177 53188 87989 1652935 226435 1426500 1629270 Security Deposits 40439 Other Receivables 11821 52260 Deferred rent 73351 73351 50649499 34326813 16322686 0 16322686 50915210 182667 83044 265711 50649499 0 50649499 34592524 182667 83044 265711 34326813 0 34326813 Part X: Description of Uncertain Tax Positions Under FIN 48: 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. TNTP is no longer subject to audits by the applicable taxing jurisdictions for years prior to September 30, 2007. Part XII, Line 2d - Other Adjustments: LOSS ON DISPOSAL OF ASSET (RECLASSED): 83044. Part XIII, Line 2d - Other Adjustments: LOSS ON DISPOSAL OF ASSET (RECLASSED) : 83044. LOSS ON DISPOSAL OF ASSET (RECLASSED) $83,044 X X X X X 0 0 0 0 0 0 0 0 0 ARIELA ROZMAN 189256 0 38110 0 0 0 16500 0 2630 0 246496 0 0 0 TIMOTHY DALY 165701 0 29764 0 0 0 16500 0 410 0 212375 0 0 0 KAROLYN BELCHER 143384 0 26043 0 0 0 4193 0 1924 0 175544 0 0 0 VICTORIA VAN CLEEF 142445 0 26973 0 0 0 16500 0 8174 0 194092 0 0 0 LAYLA AVILA - VP 147945 0 26973 0 0 0 16500 0 2674 0 194092 0 0 0 SARAH HEINE - VP 138333 0 25285 0 0 0 16500 0 2921 0 183039 0 0 0 DANIEL WEISBERG 120889 0 22006 0 0 0 11645 0 2698 0 157238 0 0 0 KARLA M OAKLEY - SR STRATEGIST 158295 0 18664 0 0 0 10583 0 184 0 187726 0 0 0 NEEL SATA 135838 0 17123 0 0 0 16146 0 5496 0 174603 0 0 0 DAVID MALBIN 120469 0 21673 0 0 0 16146 0 509 0 158797 0 0 0 CAROL STERLACCI-SERV AS 91723 0 12905 0 0 0 3755 0 2811 0 111194 0 0 0 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. 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 approves 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 prior year. Form 990, Part VII, Section A and Schedule J Part II: Former Officer: Carol Sterlacci served in the position of Treasurer and CFO through March 8, 2009 and was previously listed on the prior year form 990 in that position. She later transitioned to the role of Partner, Financial Systems until the end of the fiscal reporting period.