2023-11-15T15:11:30-06:00 2022-12-31 861065772 DELOITTE TAX LLP 1001 WOODWARD SUITE 700 DETROIT MI 48226 990 2022-01-01 383326860 THE NEW COMMON SCHOOL FOUNDATION NEWC 3133688580 6861 E NEVADA DETROIT MI 48234 CLARK DURANT PRESIDENT 3133688580 2023-11-15 1 CLARK DURANT 999009999 0 ALICIA JANISCH P00741382 3133963000 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CLARK DURANT 6861 E NEVADA DETROIT MI 48234 7000110 0 X N/A X 1996 MI THE MISSION OF THE NEW COMMON SCHOOL FOUNDATION IS TO BUILD A SUSTAINABLE MODEL OF EXCELLENCE FOR A NEW COMMON SCHOOL WITHIN A BROAD, BELOVED, AND COMMITTED COMMUNITY AND TO REPLICATE THE MODEL. 3 2 14 2 0 0 2357984 3837423 3145608 3114671 12004 45109 0 0 5515596 6997203 150748 1280599 0 0 1534251 1177619 0 0 296080 1949069 2798866 3634068 5257084 1881528 1740119 40234956 44389188 10002779 10039776 30232177 34349412 THE MISSION OF THE NEW COMMON SCHOOL FOUNDATION IS TO BUILD A SUSTAINABLE MODEL OF EXCELLENCE FOR A NEW COMMON SCHOOL WITHIN A BROAD, BELOVED, AND COMMITTED COMMUNITY AND TO REPLICATE THE MODEL. 0 0 4391787 1280599 3114671 THE NEW COMMON SCHOOL FOUNDATION (THE FOUNDATION) HELPED RESEARCH, DEVELOP, CREATE, AND SUPPORT A NEW COMMON SCHOOL FOR ALL STUDENTS, SUPPORTED SCHOLARSHIP AND LEARNING OPPORTUNITIES FOR URBAN CHILDREN, DEVELOPED PARTNER PROGRAMS TO ENRICH THE EDUCATION OF CHILDREN, PURCHASED FACILITIES FOR THE USE, AND CREATED FUNDRAISING EVENTS TO ASSIST GRANT MAKING AND FUND DEVELOPMENT IN THE FOUNDATION'S MISSION AREAS. 4391787 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 11 0 1 14 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 MI X CLARK DURANT 3133688580 6861 E NEVADA DETROIT MI 48243 JEFFERY NEILSON CHAIRMAN 0.50 0.00 X X 0 0 0 CLARK DURANT PRESIDENT AND TREASURER 60.00 2.00 X X 475000 0 51405 CAROL MANSFIELD DIRECTOR AND SECRETARY 0.50 0.00 X X 0 0 0 475000 0 51405 2 0 1 0 TURTLE SHELL CONSTRUCTION 46566 ERB DRIVE MACOMB MI 48044 CONSTRUCTION SERVICES 273450 TLA INTERIORS INC 1815 BELLAIRE AVE ROYAL OAK MI 48067 CONSTRUCTION SERVICES 189724 CHAMBERLAIN GLASS & METAL 750 FRED W MOORE HWY ST CLAIR MI 48079 CONSTRUCTION SERVICES 181566 POWER SOLUTIONS GROUP INC 18377 E 14 MILE RD FRASER MI 48026 CONSTRUCTION SERVICES 177246 RHAC HEATING & COOLING INC 18626 ECORSE RD ALLEN PARK MI 48101 GENERAL CONTRACTOR 159109 7 3837423 3837423 PROGRAM SERVICE REV. 561300 3114671 3114671 3114671 48016 48016 2907 -2907 -2907 -2907 6997203 3114671 0 45109 1280599 1280599 526405 421124 78961 26320 448190 148633 152852 146705 146568 66930 42867 36771 56456 33016 13422 10018 172333 36783 135550 39335 33435 3933 1967 479215 427416 25100 26699 51845 12961 36292 2592 175947 175947 26610 26610 428168 428168 1003220 1003220 76815 42375 34440 REPAIRS AND MAINTENANCE 124922 124922 EVENTS 40285 40285 MEALS AND ENTERTAINMENT 36954 29563 5543 1848 PROMOTION & DEVELOPMENT 14823 14823 128394 85262 40257 2875 5257084 4391787 569217 296080 1616889 842377 2599733 3404250 1901330 105078 395298 300000 300000 3572414 14844 14844 40324246 8834030 32535569 31490216 2258326 3272976 40234956 44389188 996697 646971 9006082 9392805 10002779 10039776 X 27166634 30866382 3065543 3483030 30232177 34349412 40234956 44389188 X 1740119 -6273 2383389 X 0 0 0 X 4493492 7276686 840165 2357984 3837423 18805750 4493492 7276686 840165 2357984 3837423 18805750 11642427 7163323 55382 14081 11006 12004 48016 140489 18946239 0.37810 0.32940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2347188 2347188 30756424 6920117 23836307 7220634 1913913 5306721 31490216 OTHER CURRENT ASSETS 20908 OTHER NONCURRENT ASSETS 354723 CONSTRUCTION IN PROCESS - AYCAP 2872807 CONSTRUCTION IN PROCESS - ADAM YOUNG PROJECT 24538 3272976 1 CORNERSTONE EDUCATION GROUP 306 E FOURTH ST ROYAL OAK MI 48067 270634528 501(C)(3) 1238214 0 SUPPORT URBAN CHILDREN 1 0 PART I, LINE 2: GRANTS ARE DISTRIBUTED TO ORGANIZATIONS WHICH DEVELOP, DELIVER, AND/OR SUPPORT EDUCATIONAL AND POSITIVE CULTURAL PROGRAMS THAT CAN BE USED FOR THE WORK OF THE FOUNDATION IN THE DETROIT AREA. DONATIONS TO CORNERSTONE EDUCATION GROUP ARE TO EXPLORE HOW TO STRENGTHEN COMMUNITIES, UTILIZE CLASSICAL EDUCATION, AND EXPLORE OTHER EDUCATIONAL AND CULTURAL INITIATIVES THAT CAN SUPPORT OR HELP OUR WORK IN THE DETROIT AREA. ANNUALLY, THE USE OF GRANTS ARE EXAMINED FOR COMPLIANCE WITH THE INTENDED PURPOSE OF THE DONATION. X 1 1 X X X X X X 0 0 0 0 0 0 0 0 0 CLARK DURANT PRESIDENT AND TREASURER 475000 0 0 0 0 0 21750 0 29655 0 526405 0 0 0 PART I, LINE 1A THE NEW COMMON SCHOOL FOUNDATION PAYS THE DUES FOR THE PRESIDENT, CLARK DURANT, FOR THE DETROIT ATHLETIC CLUB FOR FUNDRAISING PURPOSES. CLARK DURANT PRESIDENT AND TREASURER OF THE ORGANIZATION MAKE CHARITABLE CONTRIBUTIONS IN 2014. X 300000 300000 0 1 1 300000 EMMAUS ROAD GROUP LLC SEE PART V 125000 MISSION RELATED CONSULTING SERVICES BEYOND THE SCOPE OF THE NEW COMMON SCHOOL FOUNDATION PRESIDENT'S ROLE PURSUANT TO A DONOR MISSION GIFT. 0 PART IV, COLUMN B: CLARK DURANT, PRESIDENT OF THE NEW COMMON SCHOOL FOUNDATION, IS THE MANAGING DIRECTOR OF THE EMMAUS GROUP LLC, WHICH PROVIDES MISSION RELATED CONSULTING SERVICES BEYOND THE SCOPE OF THE NEW COMMON SCHOOL FOUNDATION PRESIDENT'S ROLE PURSUANT TO A DONOR MISSION GIFT TO THE FOUNDATION. THE FOUNDATION PAID FOR SERVICES IN THE AMOUNT OF $125,000 OF WHICH $100,000 IS FUNDED BY A DONOR. FORM 990, PART VI, SECTION B, LINE 11B FOLLOWING COMPLETION OF FORM 990 BY THE NEW COMMON SCHOOL FOUNDATION'S TAX PREPARER, FORM 990 IS REVIEWED AND APPROVED BY THE PRESIDENT. ONCE THE PRESIDENT APPROVES, THE CONTROLLER CONDUCTS AN ADDITIONAL REVIEW PRIOR TO FILING WITH THE IRS. FORM 990 IS SENT TO THE NEW COMMON SCHOOL FOUNDATION'S BOARD FOR REVIEW PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ALL RELATIONSHIPS AND CONTACTS ARE REVIEWED BY THE BOARD AT THE ANNUAL MEETING. ALL OF THE BOARD MEMBERS ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. ANY CONFLICTS ARE REVIEWED BY THE ENTIRE BOARD. PERSONS WITH CONFLICTS ARE PROHIBITED FROM PARTICIPATING IN THE GOVERNING DISCUSSIONS AND DECISIONS RELATED TO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A A NATIONWIDE INDEPENDENT COMPENSATION SURVEY WAS CONDUCTED BY A NATIONAL INDEPENDENT CONSULTING FIRM TO DETERMINE THE PRESIDENT'S ANNUAL COMPENSATION LEVEL. THIS COMPENSATION LEVEL WAS REVIEWED AND APPROVED AT AN ANNUAL BOARD OF DIRECTOR'S MEETING. SUBSEQUENTLY, THE PRESIDENT'S COMPENSATION IS REVIEWED AND APPROVED EACH YEAR AT THE ANNUAL BOARD MEETING DIRECTOR'S MEETING. ALL BOARD MEMBERS, WITH THE PRESIDENT ABSTAINING, VOTE ON THE PRESIDENT'S COMPENSATION PACKAGE. A MAJORITY BOARD APPROVAL IS REQUIRED TO APPROVE THE COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE ANY DOCUMENTS OPEN TO PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN PLEDGES RECEIVABLE 2,383,389. CORNERSTONE SCHOOL ASSOCIATION 6861 E NEVADA STREET DETROIT MI 48234 382995984 A SCHOOL PROVIDING FAITH CENTERED EDUCATION IN METRO DETROIT MI 501(C)(3) LINE 2 N/A 0 CORNERSTONE EDUCATION GROUP 306 E FOURTH STREET ROYAL OAK MI 48067 270634528 A SCHOOL PROVIDING FAITH CENTERED EDUCATION IN METRO DETROIT MI 501(C)(3) LINE 2 N/A 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 CORNERSTONE EDUCATION GROUP B 1238214 CASH CORNERSTONE EDUCATION GROUP D 3572414 CASH CORNERSTONE EDUCATION GROUP J 3114571 CASH CORNERSTONE SCHOOL ASSOCIATION Q 155340 CASH