2011-11-15T14:00:58-06:00 2010-12-31 LEONARD MULHERIN & GREENE PC 625 GROVE STREET BRAINTREE MA 02184 990 2010-01-01 043396766 NEW PROFIT INC NEWP 6172523220 2 CANAL PARK CAMBRIDGE MA 02141 VANESSA KIRSCH 6172523220 2011-11-15 1 JOHN G MADDEN 7813564800 2010 2016-03-07 17:11:31Z VANESSA KIRSCH C/O NEW PROFIT CAMBRIDGE MA 02141 10747407 0 X WWW.NEWPROFIT.COM X 1997 MA TO WORK WITH VISIONARY SOCIAL ENTREPRENUERS TO CREATE TRANSFORMATIVE IMPACT ON SOCIAL PROBLEMS. 17 16 52 16 0 0 22476216 10709283 0 0 3478 219 13994 37905 22493688 10747407 5023177 9764351 0 0 3606688 4666772 0 0 964851 2591578 3075274 11221443 17506397 11272245 -6758990 54863721 48562731 682684 1140684 54181037 47422047 X NEW PROFIT IS A NONPROFIT VENTURE PHILANTHROPY FUND THAT EXISTS TO HELP VISIONARY SOCIAL ENTREPRENEURS AND THEIR ORGANIZATIONS BRING ABOUT WIDESPREAD AND TRANSFORMATIVE IMPACT ON CRITICAL SOCIAL PROBLEMS. WE WORK TO FULFILL THIS MISSION WITH TWO APPROACHES: 1) PROVIDING MULTI-YEAR FINANCIAL AND STRATEGIC SUPPORT TO SELECTED SOCIAL ENTREPRENEURS AND THEIR ORGANIZATIONS, AND 2) HELPING TO BUILD AN ENVIRONMENT THAT ENABLES ALL SOCIAL ENTREPRENEURS AND THEIR ORGANIZATIONS TO CREATE WIDESPREAD, TRANSFORMATIVE IMPACT. NEW PROFIT BELIEVES THAT JUST AS ENTREPRENEURSHIP AND INVENTION HAVE DRIVEN OUR NATION'S PROGRESS, SO TOO CAN WE HARNESS AMERICA'S SPIRIT OF INNOVATION, VISION, AND OPTIMISM TO HELP SOLVE OUR MOST PRESSING SOCIAL PROBLEMS. 1 0 10267855 8014351 5415501 CORE INVESTING - THROUGH ESTABLISHED PARTNERSHIPS WITH PROMISING SOCIAL ENTREPRENEURIAL ORGANIZATIONS, NEW PROFIT'S CORE INVESTING TEAM WORKS WITH THESE ORGANIZATIONS AS THEY NAVIGATE CHALLENGES AND TRACK THEIR PROGRESS IN FIVE MAJOR AREAS: IMPACT AND INNOVATION, GROWTH, LEADERSHIP AND GOVERNANCE, ORGANIZATIONAL STRATEGY, AND METRICS. THE GROWTH DIAGNOSTIC TOOL ENABLES PORTFOLIO MANAGERS TO ASSESS THE DEVELOPMENT OF EACH PORTFOLIO ORGANIZATION, AND TO THEN PRIORITIZE AND FOCUS STRATEGIC SUPPORT WHERE IT IS MOST NECESSARY. THE COMBINATION OF FINANCIAL AND STRATEGIC RESOURCES IS DEPLOYED TO PROVIDE SUPPORT IN THE FOLLOWING AREAS:1)SOCIAL CHANGE MODEL DEVELOPMENT: CLARIFYING BELIEFS ABOUT THE TARGET PROBLEM, LONG-TERM VISION, BARRIERS TO CHANGE, AND APPROACH TO CREATING THE DESIRED IMPACT 2)GROWTH PLANNING: DEVELOPING A MULTI-YEAR PLAN FOR GROWTH OF DIRECT AND WIDESPREAD IMPACT; HELPING INFORM A GROWTH CAPITAL CAMPAIGN.3)PERFORMANCE MANAGEMENT: ESTABLISHING ENTERPRISE-LEVEL PERFORMANCE TARGETS USING THE BALANCED SCORECARD.4)LEADERSHIP SUPPORT AND ORGANIZING FOR GROWTH: FACILITATING THE RECRUITMENT AND DEVELOPMENT OF THE SENIOR TEAM AND BOARD OF DIRECTORS; DESIGNING ORGANIZATIONAL STRUCTURE, DECISION RIGHTS, AND PROCESSES TO SUPPORT GROWTH. 2006641 1750000 2977909 PATHWAYS FUND - THE PATHWAYS FUND IS A PUBLIC/PRIVATE FUNDING PARTNERSHIP AMONGST THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE'S (CNCS) SOCIAL INNOVATION FUND AND SEVERAL CORPORATE FOUNDATIONS DESIGNED TO BUILD THE EVIDENCE BASE AND GROW THE IMPACT OF NONPROFIT ORGANIZATIONS ACROSS THE COUNTRY. THROUGH THE PATHWAYS FUND, HIGH-POTENTIAL, YOUTH DEVELOPMENT ORGANIZATIONS RECEIVE MULTI-YEAR GRANTS AND TECHNICAL ASSISTANCE TO HELP GROW THEIR IMPACT, BUILD THEIR EVIDENCE BASE, AND EXPAND THEIR PROGRAMS IN AREAS OF THE U.S. WHERE MANY OF THE GREATEST CHALLENGES IN YOUTH DEVELOPMENT EXIST. BY SUPPORTING AND GROWING A PORTFOLIO OF INNOVATIVE ORGANIZATIONS THAT OFFER CRITICAL INTERVENTIONS FOR LOW-INCOME YOUTH, NEW PROFIT SEEKS TO INCREASE THE IMPACT OF NONPROFIT ORGANIZATIONS ON THE LIVES OF LOW-INCOME YOUTH ACROSS THE COUNTRY, IMPROVING HIGH SCHOOL GRADUATION RATES, COLLEGE ENROLLMENT AND PERSISTENCE, AND ACCESS TO JOBS THAT PAY A LIVING WAGE. 2709404 939233 ACTION TANK - THE ACTION TANK WORKS BEYOND THE BOUNDS OF INDIVIDUAL ORGANIZATION TO RESHAPE INSTITUTIONS AND TO MORE EFFECTIVELY ALLOCATE RESOURCES FOR PROBLEM SOLVING. THE ACTION TANK'S CURRENT FOCUS IS 1) TRANSFORMING GOVERNMENT'S ROLE THE PURSUIT OF POLICY AGENDA THAT IDENTIFY PRINCIPLES AND APPROACHES THAT CAN TRANSFORM GOVERNMENT'S ROLE IN SOLVING PROBLEMS AND 2) BRINGING INNOVATORS TOGETHER THROUGH TO SPARK THE DEVELOPMENT OF NEW IDEAS, RELATIONSHIPS AND RESOURCES TO HELP BUILD STRONGER ORGANIZATIONS, OVERCOME BARRIERS TO SCALE AND IMPROVE OPPORTUNITIES FOR CHILDREN, FAMILIES AND COMMUNITIES. 14983900 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 42 0 52 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 1 1 1 1 0 MA NY X X VANESSA KIRSCH 6172523220 2 CANAL PARK CAMBRIDGE MA 02141 VANESSA KIRSCH 45.00 X X 334364 0 9313 GREG AVIS 1.00 X 0 0 0 JOSH BEKENSTEIN 1.00 X X 0 0 0 ED COHEN 1.00 X 0 0 0 PAUL EDGERLEY 1.00 X 0 0 0 MARK FULLER 1.00 X X 0 0 0 PAUL S GROGAN 1.00 X 0 0 0 JAMES J JENSEN 1.00 X 0 0 0 DR MICHAEL LOMAX 1.00 X 0 0 0 TRISTIN MANNION 1.00 X 0 0 0 BILL MCCLEMENTS 1.00 X 0 0 0 DUNCAN M MCFARLAND 1.00 X 0 0 0 MARK E NUNNELLY 1.00 X 0 0 0 JIM PALLOTTA 1.00 X 0 0 0 ELIZABETH RILEY 1.00 X 0 0 0 LAURENE M SPERLING 1.00 X 0 0 0 JEFFREY C WALKER 1.00 X 0 0 0 DOUGLAS BORCHARD 45.00 X 211900 0 6630 ELIZABETH RIKER 45.00 X 200624 0 7960 KIM SYMAN 45.00 X 180630 0 9500 JEFFREY BERNDT 45.00 X 307130 0 5900 DIANA SMITH 45.00 X 210019 0 630 SARAH DI TROIA 45.00 X 203189 0 6630 ROD MCCOWAN 45.00 X 296468 0 4162 WILLARD REYNOLDS 45.00 X 165550 0 2633 SHRUTI SEHRA 45.00 X 117404 0 1649 2227278 0 55007 13 0 1 0 THE SHERIDAN GROUP 1224 M STREET NW SUITE 300 WASHINGTON DC 20005 CONSULTING 430000 BLUE ENGINE MESSAGE & MEDIA LLC 1750 K ST COMMON NW SUITE 450 WASHINGTON DC 20006 CONSULTING 182500 SAGAWAJOSPIN LLC 3000 GREENVALE RD CHEVY CHASE MD 20815 CONSULTING 165303 THE MONITOR GROUP 2 CANAL PARK CAMBRIDGE MA 02141 CONSULTING 144722 4 177909 10531374 10709283 219 219 MISCELLANEOUS REVENUE 900099 37905 37905 37905 10747407 37905 0 219 9586333 9586333 3018 3018 175000 175000 1526539 1022781 320573 183185 2641973 1647543 550281 444149 31548 26087 1557 3904 198885 127345 43088 28452 267827 179663 46012 42152 63516 63516 176769 176769 3528 3528 101040 50001 41687 9352 220238 133709 56126 30403 509611 369902 45249 94460 295676 235590 37439 22647 3291 3291 CONTRACT LABOR 1490344 1148121 272546 69677 DESIGN AND PRINTING 142952 65335 42671 34946 PUBLISHING COSTS 32000 32000 PAYROLL SERVICE FEES 21738 21738 OTHER 13398 4703 7171 1524 1173 1173 17506397 14983900 1557646 964851 320805 430944 5978191 6348059 48399407 41657612 40000 42748 125318 83368 54863721 48562731 682684 1140684 682684 1140684 X 5554551 6442345 48626486 40979702 54181037 47422047 54863721 48562731 -6758990 0 X 0 1 1 X 0 X 10907482 10343041 39142827 22476216 10709283 93578849 10907482 10343041 39142827 22476216 10709283 93578849 28404499 65174350 20433 34273 25508 3478 219 83911 13994 37905 51899 93714659 142955 0.69550 0.66730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 176769 176769 17329628 17506397 1000000 250000 0 0 689954 750022 1000000 2439976 3659964 232232 141820 176769 550821 172489 187506 250000 609995 914993 6728 23979 30707 0 10747407 17506397 -6758990 0 -6758990 13546069 2798662 2798662 10747407 0 10747407 20305059 2798662 2798662 17506397 0 17506397 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE ORGANIZATION TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN, AND HAD CONCLUDED THAT AS OF DECEMBER 31, 2010, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO 2007. 1 0 0 0 0 0 0 X NORTH AMERICA (CANADA) TO FUND THE IMPLEMENTATION OF RIGHT TO PLAY'S GROWTH PLAN 175000 CHECK PAYMENT 1 1 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: THE ORGANIZATION RECEIVING GRANTS OUTSIDE OF THE UNITED STATES PROVIDES PERFORMANCE DATA TO NEW PROFIT TWICE A YEAR. THIS DATA INCLUDES PROGRESS AGAINST THE ORGANIZATION'S GROWTH GOALS (GROWTH IN ANNUAL REVENUE AND IN PEOPLE SERVED), INTERNAL CAPACITY BUILDING GOALS, AND PROGRAMMATIC QUALITY. IN ADDITION, A NEW PROFIT REPRESENTATIVE PARTICIPATES IN BOARD ACTIVITIES AND CONVERSATIONS FOR THE ORGANIZATION, EITHER AS A VOTING MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS OR AS A BOARD OBSERVER. AND FINALLY, THE ORGANIZATION IS ASSIGNED A PORTFOLIO MANAGER FROM NEW PROFIT. THE PORTFOLIO MANAGER DEDICATES APPROXIMATELY ONE DAY/WEEK PER ORGANIZATION AND SERVES AS THE ORGANIZATION'S AND LEADERSHIP'S LEAD ADVISOR ON MATTERS OF STRATEGY, GROWTH, AND CAPACITY BUILDING. 1 COLLEGE SUMMIT INC 1763 COLUMBIA ROAD NW 2ND FL WASHINGTON DC 20009 522007028 501(C)(3) 875000 PROGRAM EXPANSION ACHIEVEMENT FIRST INC 510 WAVERLY AVENUE BROOKLYN NY 11238 651203744 501(C)(3) 850000 PROGRAM EXPANSION BUSINESSESS UNITED IN INVESTING LENDING & DEVELOPMENT 3 TWIN DOLHPIN DRIVE NO 375 REDWOOD CITY CA 94065 943386695 501(C)(3) 250000 PROGRAM EXPANSION IMENTOR INCORPORATED 30 BROAD STREET 9TH FLOOR NEW YORK NY 10004 300105507 501(C)(3) 350000 PROGRAM EXPANSION YEAR UP INC 93 SUMMER STREET 5TH FLOOR BOSTON MA 02110 043534407 501(C)(3) 1125000 PROGRAM EXPANSION KIPP FOUNDATION 135 MAIN ST SUITE 1700 SAN FRANCISCO CA 94105 943362724 501(C)(3) 500000 PROGRAM EXPANSION RARE 1840 WILSON BLVD SUITE 204 ARLINGTON VA 22201 237380563 501(C)(3) 550000 PROGRAM EXPANSION TEACH FOR AMERICA 315 WEST 36TH STREET NEW YORK NY 10018 133541913 501(C)(3) 1000000 PROGRAM EXPANSION STAND FOR CHILDREN LEADERSHIP CENTER 516 SE MORRISON STREET SUITE 420 PORTLAND OR 97214 521957214 501(C)(3) 1083000 PROGRAM EXPANSION LIFT INC 800 7TH STREET NW WASHINGTON DC 20001 522168409 501(C)(3) 200000 PROGRAM EXPANSION PEER HEALTH EXCHANGE 545 SANSOME SUITE 900 SAN FRANCISCO CA 94111 562374305 501(C)(3) 350000 PROGRAM EXPANSION KICKSTART INTERNATIONAL INC 2435 POLK STREET SAN FRANCISCO CA 94109 061613235 501(C)(3) 500000 PROGRAM EXPANSION FAMILY INDEPENDENCE INITITATIVE 5539 DEER RUN DRIVE EL SOBRANTE CA 94803 651187733 501(C)(3) 300000 PROGRAM EXPANSION GENESYS WORKS 601 JEFFERSON AVENUE HOUSTON TX 77002 030440761 501(C)(3) 250000 PROGRAM EXPANSION NEW TEACHER CENTER 725 FRONT STREET NO 400 SANTA CRUZ CA 95060 262427526 501(C)(3) 250000 PROGRAM EXPANSION GRANTMAKERS FOR EFFECTIVE ORGANIZATIONS 1725 DESALES STREET NWSUITE 404 WASHINGTON DC 20036 010669150 501(C)(3) 25000 PROGRAM EXPANSION BOSTON FOUNDATION INC 75 ARLINGTON STREET BOSTON MA 02116 042104021 501(C)(3) 13333 PROGRAM EXPANSION HEALTH LEADS INC 111 HUNTINGTON AVE 23RD FLOOR BOSTON MA 02199 450484533 501(C)(3) 865000 PROGRAM EXPANSION TEACH FOR ALL INC 315 WEST 36TH STREET NEW YORK NY 10018 262122566 501(C)(3) 250000 PROGRAM EXPANSION 19 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ORGANIZATIONS RECEIVING GRANTS PROVIDE PERFORMANCE DATA TO NEW PROFIT TWICE A YEAR. THIS DATA INCLUDES PROGRESS AGAINST THE ORGANIZATION'S GROWTH GOALS (GROWTH IN ANNUAL REVENUE AND IN PEOPLE SERVED), INTERNAL CAPACITY BUILDING GOALS, AND PROGRAMMATIC QUALITY. IN ADDITION, A NEW PROFIT REPRESENTATIVE PARTICIPATES IN BOARD ACTIVITIES AND CONVERSATIONS FOR EACH ORGANIZATION, EITHER AS A VOTING MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS OR AS A BOARD OBSERVER. AND FINALLY, EACH ORGANIZATION IS ASSIGNED A PORTFOLIO MANAGER FROM NEW PROFIT. THE PORTFOLIO MANAGER DEDICATES APPROXIMATELY ONE DAY/WEEK PER ORGANIZATION AND SERVES AS THE ORGANIZATION AND LEADERSHIP'S LEAD ADVISOR ON MATTERS OF STRATEGY, GROWTH, AND CAPACITY BUILDING. X X X 0 0 0 0 0 0 0 0 0 VANESSA KIRSCH 271302 0 63062 0 0 0 0 0 9313 0 343677 0 0 0 DOUGLAS BORCHARD 181900 0 30000 0 0 0 0 0 6630 0 218530 0 0 0 ELIZABETH RIKER 177374 0 23250 0 0 0 0 0 7960 0 208584 0 0 0 KIM SYMAN 163630 0 17000 0 0 0 0 0 9500 0 190130 0 0 0 JEFFREY BERNDT 241330 0 65800 0 0 0 0 0 5900 0 313030 0 0 0 DIANA SMITH 210019 0 0 0 0 0 0 0 630 0 210649 0 0 0 SARAH DI TROIA 179939 0 23250 0 0 0 0 0 6630 0 209819 0 0 0 ROD MCCOWAN 296468 0 0 0 0 0 0 0 4162 0 300630 0 0 0 WILLARD REYNOLDS 165550 0 0 0 0 0 0 0 2633 0 168183 0 0 0 ROD MCCOWAN SALARY ADVANCE X 42748 42748 0 0 0 42748 MARK FULLER MEMBER OF MONITOR GROUP'S MANAGEMENT AND NEW PROFIT, INC. BOD MEMBER 144722 CONSULTING FOR PORTFOLIO MANAGEMENT 0 MARK FULLER MEMBER OF MONITOR GROUP'S MANAGEMENT AND NEW PROFIT, INC. BOD MEMBER 220688 RENT FOR EQUIPMENT AND SUPPORT 0 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 PATHWAYS FUND - THE PATHWAYS FUND IS A PUBLIC/PRIVATE FUNDING PARTNERSHIP AMONGST THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE'S (CNCS) SOCIAL INNOVATION FUND AND SEVERAL CORPORATE FOUNDATIONS DESIGNED TO BUILD THE EVIDENCE BASE AND GROW THE IMPACT OF NONPROFIT ORGANIZATIONS ACROSS THE COUNTRY. THROUGH THE PATHWAYS FUND, HIGH-POTENTIAL, YOUTH DEVELOPMENT ORGANIZATIONS RECEIVE MULTI-YEAR GRANTS AND TECHNICAL ASSISTANCE TO HELP GROW THEIR IMPACT, BUILD THEIR EVIDENCE BASE, AND EXPAND THEIR PROGRAMS IN AREAS OF THE U.S. WHERE MANY OF THE GREATEST CHALLENGES IN YOUTH DEVELOPMENT EXIST. BY SUPPORTING AND GROWING A PORTFOLIO OF INNOVATIVE ORGANIZATIONS THAT OFFER CRITICAL INTERVENTIONS FOR LOW-INCOME YOUTH, NEW PROFIT SEEKS TO INCREASE THE IMPACT OF NONPROFIT ORGANIZATIONS ON THE LIVES OF LOW-INCOME YOUTH ACROSS THE COUNTRY, IMPROVING HIGH SCHOOL GRADUATION RATES, COLLEGE ENROLLMENT AND PERSISTENCE, AND ACCESS TO JOBS THAT PAY A LIVING WAGE. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATIONS VARIOUS COMMITTEES DO NOT HAVE WRITTEN DOCUMENTATION OF THEIR MEETINGS DURING THE YEAR. ANY SUGGESTIONS OR ACTIONS THAT RESULT FROM COMMITTEE MEETINGS ARE PRESENTED TO THE BOARD OF DIRECTORS AND INCLUDED IN THE MINUTES. FORM 990, PART VI, SECTION B, LINE 11 CERTAIN EMPLOYEES OF THE ORGANIZATION REVIEW THE FORM 990 PRIOR TO THE FILING. IN ADDITION, THE FULL FORM 990 WAS SENT TO NEW PROFIT'S CHAIRMAN OF THE BOARD OF DIRECTORS VIA EMAIL BEFORE BEING FILED WITH THE IRS. THE CHAIRMAN WAS AFFORDED THE OPPORTUNITY TO ASK QUESTIONS AND OFFER EDITS. FORM 990, PART VI, SECTION B, LINE 12C THE NEW PROFIT BOARD OF DIRECTORS ADOPTED A CONFLICT OF INTEREST POLICY IN 2005 AND REVISED THE DOCUMENT DURING 2009. ALL NEW DIRECTORS ARE GIVEN A COPY OF THE POLICY WHEN THEY ARE VOTED ONTO THE BOARD AND ALL BOARD MEMBERS ARE ALSO REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. ADDITIONALLY, WHEN DIRECTORS HAVE DIRECT RELATIONSHIPS WITH CURRENT PORTFOLIO ORGANIZATIONS OR PIPELINE ORGANIZATIONS (E.G., THEY SERVE ON THE BOARD OF AN ORGANIZATION), DIRECTORS ARE ASKED TO RECUSE THEMSELVES FROM VOTING WHEN DECISIONS REGARDING THESE ORGANIZATIONS ARE MADE BY THE BOARD OF DIRECTORS. WHEN COMPENSATION OF MANAGEMENT IS DISCUSSED AND DECIDED BY THE BOARD, DIRECTORS WITH DIRECT RELATIONSHIPS WITH INDIVIDUALS ON THE MANAGEMENT TEAM ARE ASKED TO RECUSE THEMSELVES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR NEW PROFIT'S SENIOR TEAM, INCLUDING THE PRESIDENT AND EXECUTIVE TEAM IS SET BY THE COMPENSATION COMMITTEE OF THE NEW PROFIT BOARD OF DIRECTORS. AS INPUT TO THIS DECISION-MAKING PROCESS, MANAGEMENT PROVIDES THE BOARD'S COMPENSATION COMMITTEE WITH SALARY DATA FOR COMPARABLE POSITIONS WITHIN COMPARABLE ORGANIZATIONS, AN ASSESSMENT OF NEW PROFIT'S PERFORMANCE AGAINST GOALS FOR THE PREVIOUS FISCAL YEAR, AND PERFORMANCE ASSESSMENTS FOR EACH STAFF MEMBER, INCLUDING A SELF-ASSESSMENT PREPARED BY THE PRESIDENT. MANAGEMENT MEETS WITH THE COMPENSATION COMMITTEE TO DISCUSS THE MATERIAL PROVIDED. THE COMPENSATION COMMITTEE THEN MEETS INDEPENDENTLY TO DETERMINE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE PROVIDED UPON REQUEST AND IN ACCORDANCE WITH APPLICABLE STATE AND FEDERAL LAWS.