2011-04-25T13:44:42-05:00 2010-06-30 O'CONNOR DAVIES MUNNS & DOBBINS LLP 60 EAST 42ND STREET 36TH FL NEW YORK NY 101653698 990 2009-07-01 043519203 New Leaders Inc NEWL 6467921070 30 West 26th Street No 2nd Fl New York NY 10010 Jonathan Schnur 6467921070 2011-04-25 1 Thomas F Blaney 2122862600 2009 2016-02-24 21:20:13Z Jonathan Schnur 30 West 26th Street No 2nd Fl New York NY 10010 37627588 0 X www.nlns.org X 2000 MA New Leaders for New Schools attracts and supports outstanding leaders at urban schools.New Leaders was incorporated in 2000 as a non-profit organization working to ensure high academic achievement for every student by attracting and preparing outstanding leaders and supporting the performance of the urban public schools they lead at scale. New Leaders works toward its mission by recruiting and selecting high-quality candidates for its aspiring principal program, a year-long, residency training program, as well as providing post-residency school support for program participants who accept leadership positions at urban public schools. New Leaders's core program operates in Baltimore, MD; California's Bay Area; Charlotte, NC; Chicago, IL; Memphis, TN; Milwaukee, WI; Greater New Orleans, LA; Greater New York, NY; Prince Georges County, MD, and Washington, DC. (See Continuation at end of Schedule O) 12 10 247 10 0 0 43120698 37574152 0 1080 1536 -3884 -9125 43117894 37566563 3239160 695895 0 20136675 21288469 0 2538575 18481171 19403594 41857006 41387958 1260888 -3821395 27934777 22136051 12688443 10711112 15246334 11424939 It is the mission of New Leaders a national, non-profit organization to insure high academic achievement for every student by attracting and preparing outstanding leaders and supporting the performance of the urban public schools they lead at scale. 0 0 11571485 695895 Residency ProgramThe core of the New Leaders aspiring principal program is a year-long, full-time, paid residency in an urban public school where the program participant works alongside a mentor principal. Simultaneously, program participants receive on-going training from New Leaders through a summer institute and regular seminars and training sessions throughout the school year. Program participants undergo an intensive recruitment and admissions process in order to be accepted. The ultimate goal of the Residency is to prepare program participants to become highly-effective principals or assistant principals in urban public schools that promote high expectations for and deliver high levels of student achievement and that equip every student with the academic and personal skills needed to graduate from high school ready for success in college, careers, and citizenship. Through this program, New Leaders delivered rigorous curriculum, training, and support experiences to 90 program participants in twelve program cities in order to give the participants the skills necessary to become outstanding urban public school leaders. 9600478 EPIC ProgramEPIC, the Effective Practice Incentive Community, provides New Leaders and its partners the opportunity to learn from educators driving gains in high-need urban schools. The program identifies schools whose students are making significant achievement gains and financially rewards those schools leaders and educators in exchange for sharing the effective practices that have contributed to the gains. After distributing financial awards to eligible educators in a high-gain school, EPIC works to identify the effective practices that led to student achievement gains and then develops a case study or profile of a schools practice. This content is shared with a large community of educators online via the EPIC Knowledge System. In FY10, EPIC identified 63 schools across its four partnership programs as high-gain schools, and proffered financial awards to nearly 170 school leaders and over 1,500 teachers and instructional staff in the District of Columbia Public Schools, the Memphis City Schools, the National Charter School Consortium, and the Denver Public Schools. 7290572 School Support ProgramAs the post-Residency component of its aspiring principal program, New Leaders provided coaching and school support services to a community of 445 principals and assistant principals in 391 schools serving approximately 200,000 students. The support provided was intended to guide the continued development of key personal leadership qualities and the implementation of school-wide practices that will ultimately lead to dramatic student achievement gains. Through city program offices, New Leaders principals and assistant principals had access to ongoing professional development workshops, consultations with expert staff, opportunities to participate in small-group learning and leadership development experiences, and invitations to networking and social events. They also have access to high-quality, nationally-provided resources including the Urban Excellence Framework Field Guide; UEF-aligned tools, artifacts, and resources; school-wide diagnostic tools and action planning frameworks; online access to key Foundations curriculum and course materials; the EPIC Knowledge System; and invitations to periodic national professional development events. 5143535 Other program services:Resident Selection Program: The recruitment and selection program for the New Leaders aspiring principal program led to the acceptance of 95 new Residents based on selection criteria. New Leaders aggressively recruited candidates who had K-12 instructional expertise, exceptional adult leadership and management skills, and an unyielding belief that all students can and will achieve at high levels. 1,971 people applied to the program. 5143535 33606070 1 1 0 1 0 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1340 0 1 247 1 0 0 0 0 0 1 1 0 0 0 12 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA CO DC IL LA MD MA NY NC PA TN WI X X X DENIS THOMPSON 6467921070 30 West 26th Street 2nd Floor New York NY 10010 JOSHUA LEWIS 0.70 X X 0 0 0 JOHN E DEASY 0.50 X 0 0 0 DOMENIC FERRANTE 0.20 X 0 0 0 CHRISTOPHER CHADWICK 0.30 X 0 0 0 JULIE MIKUTA 0.40 X 0 0 0 TED MITCHELL 0.40 X 0 0 0 NAOMI O SELIGMAN 0.40 X 0 0 0 barbara hyde 0.70 X 0 0 0 vanessa kirsch 0.30 X 0 0 0 JONATHAN SCHNUR 40.00 X X 244709 0 21452 LAVERNE SRINIVASAN 40.00 X X 293601 0 21477 josh bekenstein 0.20 X 0 0 0 Jean DESRAVINES 40.00 X 252443 0 27564 benjamin fenton 40.00 X 218814 0 12270 julie HOROWITZ 40.00 X 210848 0 12111 diannE HOUGHTON 40.00 X 244622 0 3861 david KUIZENGA 40.00 X 217802 0 13690 michael MOORE 40.00 X 136618 0 11425 ROBERT WILLIAMS 40.00 X 141741 0 11397 DARLENE MERRY 40.00 X 226534 0 6096 PETER A KANNAM 40.00 X 172113 0 25867 JANICE CRAWFORD 40.00 X 155043 0 10460 MARGUERITE BLINN 40.00 X 151972 0 7748 JOHN LENT 40.00 X 175122 0 24712 SHANE MULHERN 40.00 X 156459 0 17058 LEANNE SHIMABUKURO 40.00 X 182965 0 20953 ROSA SMITH 40.00 X 173035 0 8180 JENNIFER HENRY 40.00 X 142528 0 21849 JAMES TRUONG 40.00 X 135518 0 10837 DENIS THOMPSON 40.00 X 134339 0 16603 TYRA M NEWELL 40.00 X 139099 0 919 BARBARD BYRD-BENNETT 40.00 X 141979 0 663 4047904 0 307192 58 0 1 0 Mathematica Policy Research Inc PO Box 2393 PRinceton NJ 08543 EVAluation Consultant 783918 RAND Corporation 1776 Main Street Santa Monica CA 90407 EVAluation Consultant 585500 SCHOOLWORKS 100 CUMMINGS CENTER SUITE 236C BEVERLY MA 01915 PROGRAM Consultant 264078 KURT HYDE 4822 N 15TH STREET ARLINGTON VA 22205 PROGRAM Consultant 187200 VPG INTEGRATED MEDIA 200 PORTLAND STREET SUITE 201 BOSTON MA 02114 Program Consultant 171101 5 78319 13442147 24053686 37233 37574152 1536 1536 40490 78319 61025 -20535 -20535 HONORAIA 900099 7550 7550 REFUND FROM INSURANCE 900099 2703 2703 MISCELLANEOUS INCOME 900099 1157 1157 11410 37566563 0 0 -7589 687395 687395 8500 8500 3557093 2743508 460417 353168 14286688 10689679 2206929 1390080 267838 189396 49846 28596 1845314 1358098 300850 186366 1331536 994915 204521 132100 88874 88874 18725 1307 281 17137 6048018 5755937 242678 49403 34431 21452 6910 6069 1771341 1339621 323391 108329 563449 388404 155421 19624 1260637 946025 190830 123782 1501742 1297352 150365 54025 997122 997122 211064 25 211039 702360 527075 106320 68965 62942 47122 15820 Awards 4970222 4969619 0 603 BAD DEBT EXPENSE 522760 0 522760 0 University partner cost 420244 420244 0 0 Curriculum materials 229587 223198 6061 328 MISCELLANEOUS 76 76 0 0 41387958 33606070 5243313 2538575 1749817 3157256 205291 75026 23192656 16732843 88170 34208 789301 390967 3491638 1867452 1801822 1624186 107720 121565 27934777 22136051 6210131 6919705 6392058 3555953 86254 235454 12688443 10711112 X -5009973 -4503771 20256307 15928710 15246334 11424939 27934777 22136051 X 0 1 1 X 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 32463 32463 38816920 38849383 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 98637 104138 99691 32463 334929 250000 250000 250000 250000 1000000 1500000 0 1382135 695746 686389 1842217 1015131 827086 267286 156575 110711 1624186 Security Deposits 121565 121565 DEFerred Rent 235454 235454 37566563 41387958 -3821395 0 -3821395 38953335 1325747 61025 1386772 37566563 0 37566563 42774730 1325747 61025 1386772 41387958 0 41387958 Part X: Description of Uncertain Tax Positions Under FIN 48: New Leaders recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Management has determined that New Leaders had no uncertain tax positions that would require financial statement recognition. New Leaders is no longer subject to audits by the applicable taxing jurisdictions for periods prior to 2006. Part XII, Line 2d - Other Adjustments: special events expenses reported on form 990, part viii, line 8b: 61025. Part XIII, Line 2d - Other Adjustments: special events expenses reported on form 990, part viii, line 8b: 61025. 1 1 1 Ad was published in major newspapers in each metropolitan area we serve. 1 1 1 1 0 0 0 0 0 0 0 0 1 0 NEW LEADERS RECEIVED GRANTS FROM THE U.S. DEPARTMENT OF EDUCATION, THE LOUISIANA DEPARTMENT OF EDUCATION AND VARIOUS SCHOOL DISTRICTS. 1 CHICAGO GALA 96609 67601 29008 0 163 1429 27083 0 20442 NYC Gala 16450 4968 11482 0 0 500 7573 80 413 5750 5750 0 0 0 3342 0 0 118809 78319 40490 163 1929 37998 80 20855 61025 -20535 1 ARTS & TECHNOLOGY ACADEMY 5300 BLAINE ST WASHINGTON DC 20019 522087456 501(C)(3) 44316 RESIDENT SALARY AND BENEFITS NEW YORK CITY DEPARTMENT OF EDUCATION 65 COURT STREETROOM 1701G BROOKLYN NY 11201 136400434 501(C)(3) 416259 RESIDENT SALARY AND BENEFITS EL HAYNES PUBLIC CHARTER SCHOOL 3600 GEORGIA AVENUE NW WASHINGTON DC 20010 200295905 501(C)(3) 86250 RESIDENT SALARY AND BENEFITS FUTURE LEADERS INSTITUTE CHARTER SCHOOL 134 WEST 122ND STREET 3RD FLOORS NEW YORK NY 10027 202633976 501(C)(3) 70000 RESIDENT SALARY AND BENEFITS LIGHTHOUSE COMMUNITY CHARTER SCHOOL 345 12TH STREET OAKLAND CA 94607 943370410 501(C)(3) 19822 RESIDENT SALARY AND BENEFITS NEW BEGINNINGS FOUNDATIONS- NELSON CHARTER SCHOOL 200 LAKESHORE DRIVE 242 BICENTENNIA CENTER NEW ORLEANS LA 70148 200998870 501(C)(3) 18000 RESIDENT SALARY AND BENEFITS NEW SCHOOLS FOR NEW ORLEANS 200 BROADWAY SUITE 108 NEW ORLEANS LA 70118 020773717 501(C)(3) 13954 RESIDENT SALARY AND BENEFITS ROBERT RUSSA MOTON CHARATER SCHOOLS 6800 CHEFF MENTEUR HIGHWAY NEW ORLEANS LA 70126 204230899 501(C)(3) 18794 RESIDENT SALARY AND BENEFITS 8 0 RELOCATION STIPEND 11 8500 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: A memorandum of understanding (MOU) or contract agreement is draw up with each grantee and signed by a senior staff member from both New Leaders, Inc. and the grantee. The MOU or contract agreement contains important detail information including total amount of the grant award, purpose of the grant, how the grant can be spent, and reporting/invoicing requirements including verification and backup documentation requirements. Payment is made after receipt of an invoice from grantee with detail explanation of services fulfilled along with backup documentation. A payment request is processed and signed by the senior manager overseeing the grant at New Leaders, Inc. and the controller at New Leaders, Inc. Once this is done, a check is processed and payment is sent to the grantee. X X X X 0 0 0 0 0 0 0 0 0 JONATHAN SCHNUR 244709 0 0 0 0 0 0 0 21452 0 266161 0 0 0 LAVERNE SRINIVASAN 293601 0 0 0 0 0 0 0 21477 0 315078 0 0 0 Jean DESRAVINES 211630 0 40813 0 0 0 6112 0 21452 0 280007 0 0 0 benjamin fenton 182588 0 36226 0 0 0 4594 0 7676 0 231084 0 0 0 julie HOROWITZ 183568 0 27280 0 0 0 4364 0 7747 0 222959 0 0 0 diannE HOUGHTON 203965 0 40657 0 0 0 2295 0 1566 0 248483 0 0 0 david KUIZENGA 181176 0 36626 0 0 0 0 0 13690 0 231492 0 0 0 ROBERT WILLIAMS 131846 0 9895 0 0 0 3824 0 7576 0 153141 0 0 0 DARLENE MERRY 185721 0 40813 0 0 0 4749 0 1347 0 232630 0 0 0 PETER A KANNAM 146916 0 25197 0 0 0 4465 0 21402 0 197980 0 0 0 JANICE CRAWFORD 141230 0 13813 0 0 0 2071 0 8389 0 165503 0 0 0 MARGUERITE BLINN 139353 0 12619 0 0 0 523 0 7225 0 159720 0 0 0 JOHN LENT 155622 0 19500 0 0 0 4493 0 20219 0 199834 0 0 0 SHANE MULHERN 147318 0 9141 0 0 0 4069 0 12989 0 173517 0 0 0 LEANNE SHIMABUKURO 158693 0 24272 0 0 0 0 0 20953 0 203918 0 0 0 ROSA SMITH 153755 0 19280 0 0 0 578 0 7602 0 181215 0 0 0 JENNIFER HENRY 125194 0 17334 0 0 0 2414 0 19435 0 164377 0 0 0 DENIS THOMPSON 127176 0 7163 0 0 0 3413 0 13191 0 150943 0 0 0 TYRA M NEWELL 130251 0 8848 0 0 0 0 0 14666 0 153765 0 0 0 X COMPTR. EQUIP. 3 37233 fair market values 0 1 0 Form 990, Part VI, Section B, line 11 The federal form 990 (along with audited financial statements) is reviewed and approved by all voting members of the organization's governing body. Upon completion of the annual audit, drafts of the 990 and audit financial statements are presented to the Audit Committee of the Board of Directors in electronic and paper copy for preliminary review and approval. Once preliminary approval is granted, the draft 990 and audited financial statements are presented in electronic form to the full Board of Directors for review and approval. The full Board of Directors will vote yes or no via email to accept the draft 990 and draft audited financial statements. This vote is recorded in meeting minutes of the Board of Directors. The draft 990 and audited financial statements are also presented in electronic form to the Officers of the organization for review and approval. Once these approvals have been received whether in writing, via e-mail, or recorded in Board meeting minutes, the 990 will be filed with federal and state governments along with copies of the final, bound audited financial statements. Form 990, Part VI, Section B, line 12c New Leaders for New Schools has a written conflict of interest policy and procedures published in the Employee Handbook, Fiscal Policies and Procedures Manual, on the NLNS Website, and Board orientation materials. Board Members, Officers, and Management Employees are given a copy of the conflict of interest policy and procedures are required to sign a document certifying they have read and understand the conflict of interest procedures. The Board currently mandates that all members of management and the governing body annually sign a conflict of interest questionnaire and disclose potential or actual conflicts that may exist. The signed conflict of interest policy documents are submitted to the governance committee. These statements are reviewed for potential or actual conflicts. If a potential or actual conflict of interest exists, the committee will notify members of management about such conflict and investigate the conflict. If management establishes that an actual conflict exists, the member of management will be notified immediately and will not be allowed to vote or be a part of any decisions about any such transactions that have to do with the conflict until such time there is no longer a conflict. Form 990, Part VI, Section B, line 15 The organization uses a detailed job ladder with position levels, salary ranges, and job requirements to pay all employees including the CEO, Officers, top Management officials, and other key employees. Position levels and salary ranges are benchmarked against comparable non-profit organizations. All employees are given annual performance reviews and salary increases are approved by an Officer. The compensation of the CEO is approved by the Compensation Committee of the Board of Directors. Form 990, Part VI, Section C, line 19 New Leaders for New Schools has a policy to provide within a reasonable period of time the documents listed below to any person or organization that requests them whether in writing or in person. These documents are posted and accessible on the website www.nlns.org: *Articles of Organization *Bylaws *IRS Determination Letter *Board of Directors *Executive Officers *Non-discrimination Policy *Drug Free Workforce Policy *Conflict of Interest Policy *Audited Financial Statements *Federal Form 990 The following documents are posted and accessible on the website www.guidestar.com: *Federal Form 990 FORM 990, PART XI, LINE 2C: NEW LEADERS FOR NEW SCHOOLS HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE COMMITTEE MEETS WITH THE AUDIT FIRM INDEPENDENTLY FROM STAFF DURING THE AUDIT REVIEW PROCESS AND RECOMMENDS TO THE BOARD THE ACCEPTANCE OF THE AUDIT AND ITS FINDINGS. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. FORM 990, PART VI, LINE 8A AND 8B: Prior to any Board of Directors meetings and Committee meetings, a detailed document is produced with meeting agenda, meeting goals and objectives, resolutions to be voted on, and supporting documents. During Board of Directors meetings and Committee meetings, minutes are taken by the secretary. The minutes include voting outcomes on resolutions. The minutes are then distributed to all members of the Board of Directors and Committee members, and at the follow Board of Directors meeting, the minutes are approved. Form 990, PART I, LINE 1: Continuation of Description of Significant Activities New Leaders also runs the Effective Practice Incentive Community, which identifies school leaders and teachers who are making significant achievement gains, and rewards them with financial incentives in exchange for sharing their practices with other educators through the online EPIC Knowledge System.