2026-05-14T17:21:53-05:00 2025-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-07-01 043519203 NEW LEADERS INC NEWL 6467921070 121 W 36TH STREET 308 NEW YORK NY 10018 LISA HERRING CEO 6467921070 2026-04-21 1 0 ELIZABETH W HELLER P00397829 3019519090 2026-05-12 2024 2025-03-06 01:10:19Z JEAN DESRAVINES 121 W 36TH STREET 308 NEW YORK NY 10018 21939809 0 X WWW.NEWLEADERS.ORG X 2000 MA SEE PART III, LINE 1. 9 8 130 11 13981 12221 14685270 16295675 9407485 4975163 639773 599075 159950 69896 24892478 21939809 1402761 0 0 0 20663453 14943740 0 0 1628833 11132982 8354258 33199196 23297998 -8306718 -1358189 38621440 36841193 6487511 4138938 32133929 32702255 X NEW LEADERS DEVELOPS TRANSFORMATIONAL SCHOOL LEADERS AND ADVANCES POLICIES AND PRACTICES THAT ENSURE HIGH ACADEMIC ACHIEVEMENT FOR ALL CHILDREN - ESPECIALLY FOR STUDENTS FROM UNDER-RESOURCED COMMUNITIES. 0 0 6926929 730934 NATIONAL ASPIRING PRINCIPALS FELLOWSHIP: THE NATIONAL ASPIRING PRINCIPALS FELLOWSHIP IS AN ONLINE PRINCIPAL PREPARATION AND MASTER'S DEGREE PROGRAM THAT TRAINS THE NEXT GENERATION OF EQUITYFOCUSED SCHOOL LEADERS WHO BETTER REFLECT THE STUDENTS THEY SERVE. A FIRST-OF-ITS-KIND PARTNERSHIP WITH TWO PRESTIGIOUS HISTORICALLY BLACK INSTITUTIONS, THE FELLOWSHIP INTEGRATES THE 20+ YEAR RESEARCH AND EVIDENCE-BASE OF NEW LEADERS' NATIONALLY RENOWNED PRINCIPAL PREPARATION PROGRAM AND EQUITY-CENTERED CONCEPTUAL FRAMEWORKS OF OUR UNIVERSITY PARTNERS INTO A TRANSFORMATIVE AND COHORT-BASED ONLINE LEARNING EXPERIENCE. 6205281 2685595 LEADERSHIP DEVELOPMENT PATHWAYS (SCHOOL & SYSTEM PARTNERSHIPS): THROUGH SCHOOL AND SYSTEM PARTNERSHIPS, NEW LEADERS PROVIDES AN IMMERSIVE, COMPETENCY-BASED TRAINING EXPERIENCE THAT PROVIDES SCHOOL AND DISTRICT LEADERS AT MULTIPLE LEVELS FROM TEACHER LEADERS TO DISTRICT LEADERS WITH THE INTERACTIVE TOOLS, INSTRUCTIONAL STRATEGIES, INDIVIDUALIZED COACHING, AND COMMUNITY SUPPORT TO DELIVER BREAKTHROUGH RESULTS AND SUSTAINED STUDENT OUTCOMES. 3630368 1558634 STRATEGIC PARTNERSHIPS: STRATEGIC PARTNERSHIP SERVICES OFFER TARGETED GUIDANCE TO HELP SENIOR DISTRICT AND OTHER SYSTEM LEADERS DEVELOP ACTIONABLE STRATEGIES AND IMPLEMENTATION PLANS THAT GET RESULTS. THESE SERVICES ARE CUSTOM-TAILORED TO MEET THE NEEDS OF EACH DISTRICT OR SYSTEM, BUT MAY INCLUDE SUPPORT AROUND ORGANIZATIONAL EFFECTIVENESS, SYSTEM-WIDE DIAGNOSTICS, ACTION PLANNING AND KPLS, PERFORMANCE MANAGEMENT, AND CULTURE AND CLIMATE PLANNING. 1114310 OTHER PROGRAMS 1114310 17876888 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 0 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 40 0 1 130 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NJ NM NY NC OR PA RI SC TN UT VA WV WI X CINDY FRANTZ 6467921070 121 W 36TH STREET 308 NEW YORK NY 10018 JEAN DESRAVINES CEO & BOARD MEMBER 50.00 X X 642126 0 31742 TED COLBERT BOARD CHAIR 0.40 X X 0 0 0 ROBERT HERZOG TREASURER (FROM 04/25) 0.40 X X 0 0 0 MIKE JOHNSTON BOARD MEMBER 0.40 X 0 0 0 TRIPP JONES BOARD MEMBER 0.40 X 0 0 0 MARTIN LIPPERT BOARD MEMBER 0.40 X 0 0 0 MARK WILKINS BOARD MEMBER 0.40 X 0 0 0 BARBARA HYDE BOARD MEMBER 0.40 X 0 0 0 LINNEA ROBERTS BOARD MEMBER 0.40 X 0 0 0 JONATHAN SCHNUR BOARD MEMBER 0.40 X 0 0 0 LAURA KADETSKY CHIEF ADMIN/GEN.COUNL/SEC/INT.TREAS. 40.00 X 349937 0 28490 JOHN JENKINS CHIEF PROGRAM & IMPL. OFFICER 40.00 X 347249 0 31742 TARYN WATERS CHIEF EXT.RELATIONS OFFICER 40.00 X 327373 0 31213 DENISE CORBETT DENNIS CHIEF NAT'L ASPIRING PRIN.OFF. 40.00 X 300648 0 28033 MIATA FULLER CHIEF OF STAFF & ORG. DEV. OFF. 40.00 X 293405 0 30194 SONIA BEATTY SR. ADVISOR TO THE CEO 20.00 X 160356 0 26033 ALEXANDER ELSON EXEC. DIR., K-12 PARTNERSHIPS 40.00 X 261344 0 29232 MICHELLE PIERRE-FARID FORMER KEY EMPLOYEE 40.00 X 238665 0 28552 RICK CUSICK DEP. CHIEF OFF/TECH (END 11/24) 40.00 X 235757 0 24745 MARIA ESPONDA-MEDINA NATL.SR.EXEC.DIR,EXEMPLAR SITES 40.00 X 228364 0 27981 KRISTA LEWIS-JOHNSON DEP. CHIEF OFF,ACCEL.&PROF.LEARN.SVC 40.00 X 216050 0 27874 MICHELE CARACAPPA CHIEF PROG.OFF/SR.ADV. (END 06/24) 40.00 X 173210 0 14491 3774484 0 360322 46 1 1 0 AMERICAN INSTITUTES FOR RESEARCH 1400 CRYSTAL DRIVE 10TH FL ARLINGTON VA 22202 RESEARCH/EVALUATION CONSULTANT 584992 NOODLE PARTNERS INC 860 BROADWAY FLOOR 6 NEW YORK NY 10003 SOFTWARE CONSULTANT 388896 YOUR PART-TIME CONTROLLER 1600 MARKET STREET SUITE 3425 PHILADEPHIA PA 19103 ACCOUNTING AND FINANCE CONSULTANT 372603 ELITE SYSTEMS AMERICA 591 SUMMIT AVENUE SUITE 204 JERSEY CITY NJ 07306 MANAGED IT SERVICES 236334 NONPROFIT HR SOLUTIONS LLC 1441 L ST NW SUITE 620 WASHINGTON DC 20005 HR CONSULTANT 131666 8 2911121 13384554 16295675 FEE FOR SERVICE 900099 4878817 4878817 HIGHER EDUCATION PARTN 900099 96346 96346 4975163 599075 13981 585094 69896 0 69896 69896 69896 21939809 4975163 13981 654990 X 2670752 1482630 891922 296200 9592485 8401483 380363 810639 74574 66991 1603 5980 1573460 1343547 123315 106598 1032469 835912 103202 93355 24808 24808 87210 87210 82063 82063 30000 30000 4322993 3201012 954875 167106 407308 407308 96019 77127 18527 365 915588 790811 123766 1011 415745 44439 371306 650896 489121 39438 122337 245448 245448 2770 2770 33009 26407 6602 174884 7036 161827 6021 RECRUITING 275804 91081 184723 DUES AND SUBSCRIPTIONS 224139 122979 97989 3171 CURRICULUM MATERIALS 172042 117933 39389 14720 PAYROLL FEES 95877 95877 97655 43560 52765 1330 23297998 17876888 3792277 1628833 664685 4576186 5943795 5783752 2060985 697169 7453467 1332745 590983 512589 289371 47137 44963 242234 9977588 11021077 11215912 12408898 669062 266543 38621440 36841193 5897137 4099114 168018 18591 422356 21233 6487511 4138938 X 26671133 25765833 5462796 6936422 32133929 32702255 38621440 36841193 -1358189 1926515 0 X 0 1 X 1 1 1 X 15442764 46332694 19590233 14685270 16295675 112346636 15442764 46332694 19590233 14685270 16295675 112346636 34139197 78207439 454339 307934 818268 804127 668971 3053639 4599 4599 1500 3325 4825 115409699 28659695 0.67770 0.68960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 94842 94842 23173156 23267998 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 95980 113941 81018 94842 385781 250000 250000 250000 250000 1000000 1500000 455 404 5900 6759 289371 47137 242234 242234 PRIVATE EQUITY FUND 12408898 F 12408898 OPERATING LEASE LIABILITIES 21233 21233 24366560 1926515 530236 2456751 21909809 30000 30000 21939809 23798234 530236 530236 23267998 30000 30000 23297998 X X X X X 1 0 0 1 0 0 0 1 0 JEAN DESRAVINES CEO & BOARD MEMBER 538149 0 103977 0 0 0 10350 0 21392 0 673868 0 0 0 JOHN JENKINS CHIEF PROGRAM & IMPL. OFFICER 294650 0 52599 0 0 0 10350 0 21392 0 378991 0 0 0 LAURA KADETSKY CHIEF ADMIN/GEN.COUNL/SEC/INT.TREAS. 298831 0 51106 0 0 0 7098 0 21392 0 378427 0 0 0 TARYN WATERS CHIEF EXT.RELATIONS OFFICER 277540 0 49833 0 0 0 9821 0 21392 0 358586 0 0 0 DENISE CORBETT DENNIS CHIEF NAT'L ASPIRING PRIN.OFF. 255108 0 45540 0 0 0 6641 0 21392 0 328681 0 0 0 MIATA FULLER CHIEF OF STAFF & ORG. DEV. OFF. 248743 0 44662 0 0 0 8802 0 21392 0 323599 0 0 0 ALEXANDER ELSON EXEC. DIR., K-12 PARTNERSHIPS 160293 0 101051 0 0 0 7840 0 21392 0 290576 0 0 0 MICHELLE PIERRE-FARID FORMER KEY EMPLOYEE 216575 0 22090 0 0 0 7160 0 21392 0 267217 0 0 0 RICK CUSICK DEP. CHIEF OFF/TECH (END 11/24) 217871 0 0 0 17886 0 4650 0 20095 0 260502 0 0 0 MARIA ESPONDA-MEDINA NATL.SR.EXEC.DIR,EXEMPLAR SITES 203951 0 24413 0 0 0 6589 0 21392 0 256345 0 0 0 KRISTA LEWIS-JOHNSON DEP. CHIEF OFF,ACCEL.&PROF.LEARN.SVC 192953 0 23097 0 0 0 6482 0 21392 0 243924 0 0 0 MICHELE CARACAPPA CHIEF PROG.OFF/SR.ADV. (END 06/24) 173210 0 0 0 0 0 5196 0 9295 0 187701 0 0 0 SONIA BEATTY SR. ADVISOR TO THE CEO 132583 0 27773 0 0 0 4641 0 21392 0 186389 0 0 0 PART I, LINE 4A RICK CUSICK RECEIVED A SEVERANCE PAYMENT OF $17,886 DURING THE YEAR: PART I, LINE 5 ALEXANDER ELSON RECEIVED $101,051 OF INCENTIVE COMPENSATION BASED ON A PERCENTAGE OF PROGRAMMING SALES. PART I, LINE 7 ALL BONUSES ARE REPORTED IN SCHEDULE J, PART II, COLUMN B(II). WITH THE EXCEPTION OF ALEXANDER ELSON'S BONUS AS DESCRIBED ABOVE, THESE BONUSES WERE MERIT BONUSES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 (ALONG WITH AUDITED FINANCIAL STATEMENTS) IS REVIEWED BY ALL VOTING MEMBERS OF THE ORGANIZATION'S GOVERNING BODY AND BY THE OFFICERS OF THE ORGANIZATION BEFORE FILING. UPON COMPLETION OF THE ANNUAL EXTERNAL FINANCIAL AUDIT, THE 990 IS PRESENTED TO ALL VOTING MEMBERS OF THE ORGANIZATION'S GOVERNING BODY AND TO THE ORGANIZATION'S OFFICERS IN ELECTRONIC COPY FOR REVIEW, ALONG WITH A COPY OF THE APPROVED AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C NEW LEADERS HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS INCLUDED IN THE EMPLOYEE POLICIES MANUAL AND FISCAL POLICIES AND PROCEDURES MANUAL, POSTED ON THE INTERNAL WEBSITE, AND INCLUDED IN BOARD ORIENTATION MATERIALS. BOARD MEMBERS, OFFICERS, AND MANAGEMENT (EXECUTIVE-LEVEL) EMPLOYEES ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY AT LEAST ANNUALLY, AS WELL AS UPON ANY REVISION THERETO, AND ARE REQUIRED AT LEAST ANNUALLY TO SIGN A DOCUMENT CERTIFYING THAT THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY AND AGREE TO COMPLY WITH IT. THE BOARD CURRENTLY MANDATES THAT ALL EXECUTIVE-LEVEL EMPLOYEES AND BOARD MEMBERS ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSE POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT IS DISCLOSED AT ANY TIME, THE BOARD, OR THE RELEVANT COMMITTEE THEREOF, WILL REVIEW THE MATERIAL FACTS AND CIRCUMSTANCES. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST, THE BOARD WILL DETERMINE WHETHER THE TRANSACTION AT ISSUE MAY BE OBTAINED WITH REASONABLE EFFORTS VIA AN ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OR, IF THAT IS NOT REASONABLY POSSIBLE, WHETHER THE ORIGINAL TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION, FOR ITS OWN BUSINESS, AND FAIR AND REASONABLE. THE INTERESTED PERSON DOES NOT PARTICIPATE IN ANY VOTE OR DISCUSSION ON THIS MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES A DETAILED JOB LADDER WITH POSITION LEVELS, SALARY RANGES, AND JOB REQUIREMENTS THAT 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, AND THE CEO'S RECOMMENDATIONS FOR COMPENSATION OF THE OTHER OFFICERS ARE REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD AND REVIEWED AND APPROVED BY ALL INDEPENDENT MEMBERS OF THE FULL BOARD. AS PART OF THE BOARD'S REVIEW THEY GIVE CONSIDERATION TO COMPENSATION STUDIES AND SURVEYS, COMPARISON INFORMATION FROM OTHER NONPROFIT ORGANIZATIONS OBTAINED FROM FORMS 990 AND OTHER SOURCES, AND HISTORICAL SALARY INFORMATION. THIS PROCESS IS COMPLETED ON AN ANNUAL BASIS. IN SELECT YEARS, THE ORGANIZATION RETAINED AN INDEPENDENT COMPENSATION CONSULTANT THAT PROVIDED INFORMATION TO THE COMPENSATION COMMITTEE AND THE BOARD AS PART OF THEIR REVIEW OF THE CEO'S COMPENSATION AND THE CEO'S RECOMMENDATIONS FOR COMPENSATION OF THE OTHER OFFICERS. THE LAST COMPENSATION REVIEW TOOK PLACE IN NOVEMBER 2024. FORM 990, PART VI, SECTION C, LINE 19 NEW LEADERS HAS A POLICY TO PROVIDE WITHIN A REASONABLE PERIOD OF TIME THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO ANY PERSON OR ORGANIZATION UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 2,191,739. MANAGEMENT AND GENERAL EXPENSES 244,275. FUNDRAISING EXPENSES 167,106. TOTAL EXPENSES 2,603,120. UNIVERSITY PARTNER COSTS: PROGRAM SERVICE EXPENSES 1,009,273. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,009,273. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 710,600. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 710,600.