2024-04-25T18:31:22-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 452736163 NEW CLASSROOMS INNOVATION PARTNERS INC NEWC 2129206130 344 GROVE STREET 65400 JERSEY CITY NJ 07302 JODI ANN MASTRONARDI CFAO 2129206130 2024-04-25 1 JODI ANN MASTRONARDI XXX-XX-XXXX 1 EVA MRUK P00543254 2122862600 2024-04-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JOEL ROSE 344 GROVE STREET 65400 JERSEY CITY NJ 07302 21251876 0 X NEWCLASSROOMS.ORG X 2011 DE NEW CLASSROOMS INNOVATION PARTNERS (NEW CLASSROOMS) BELIEVES IT IS POSSIBLE TO MAKE THE U.S. EDUCATION SYSTEM WORK FOR EACH AND EVERY STUDENT. WE RECOGNIZE THAT LEARNING IS PERSONAL. EACH STUDENT IS DIFFERENT. AND WHEN SCHOOLS CAN TRULY MEET A STUDENT'S UNIQUE STRENGTHS AND NEEDS, THE BENEFITS OF A GREAT EDUCATION OPEN UP TO THEM. TURNING THIS POSSIBILITY INTO REALITY - AT SCALE - IS THE REASON WE EXIST. WE DEVELOP DIGITAL PRODUCTS AND INNOVATIVE LEARNING MODELS THAT MEET STUDENTS WHERE THEY ARE AND CONNECT THEM TO WHERE THEY NEED TO BE. WE ALSO ADVOCATE FOR POLICIES THAT ALLOW FOR STUDENT-CENTERED APPROACHES TO TEACHING AND LEARNING SO MORE STUDENTS CAN SUCCEED. 11 10 98 14 0 0 9953760 15102472 170833 148221 -73361 -9261 0 0 10051232 15241432 0 0 0 0 7476648 6324658 0 39686 708190 6671374 6139746 14148022 12504090 -4096790 2737342 11258680 13114568 1175940 1386499 10082740 11728069 X TO CREATE AND INSPIRE BETTER WAYS TO GIVE EVERY STUDENT AN EDUCATIONAL FOUNDATION FOR LIFELONG SUCCESS. WE IMAGINE A WORLD WHERE EVERY STUDENT ATTENDS A SCHOOL THAT MEETS THEM WHERE THEY ARE, ADAPTS TO THE UNIQUE WAYS THEY LEARN, AND DEVELOPS HABITS FOR LIFELONG SUCCESS. 0 0 10078212 0 148221 SOLUTION DEVELOPMENT:LEVERAGING ITS DECADE OF EXPERIENCE IN PERSONALIZED LEARNING, NEW CLASSROOMS CONTINUED TO OFFER ITS DIGITAL MATH PRODUCT, TEACH TO ONE ROADMAPS, FOR THE 2022-2023 SCHOOL YEAR. ROADMAPS PROVIDES SCHOOLS WITH AN UNDERSTANDING OF THE PRECISE SKILLS EACH STUDENT MUST LEARN IN ORDER TO ACHIEVE GRADE-LEVEL PROFICIENCY. ROADMAPS ALSO PROVIDES AGGREGATED DIGITAL CONTENT AND SHORT-FORM ASSESSMENTS SO STUDENTS CAN MASTER THESE SKILLS AND TEACHERS CAN TRACK PROGRESS ALONG THE WAY. [SEE CONTINUATION ON SCHEDULE O]POLICY & ADVOCACY: WE SUPPORT CREATING SPACE FOR NEW APPROACHES TO TEACHING AND LEARNING AND POLICIES THAT TRULY ENABLE SCHOOLS TO MEET THE UNIQUE STRENGTHS AND NEEDS OF EACH STUDENT. NEW CLASSROOMS' POLICY AGENDA WAS PRIMARILY FOCUSED ON FEDERAL AND STATE IDEAS AND RECOMMENDATIONS RELATED TO: 1. ACCELERATING THE GROWTH OF THE MODEL PROVIDER SECTOR: CREATING A ROBUST AND SUSTAINABLE ECOSYSTEM TO DEVELOP, ADOPT, AND IMPLEMENT INNOVATIVE LEARNING MODELS AT SCALE.2. CREATING INNOVATIVE ASSESSMENTS: MODERNIZING ASSESSMENT SYSTEMS TO MEASURE COMPREHENSIVE LEARNING GROWTH AND SUPPORT COMPETENCY-BASED PATHWAYS FOR STUDENTS.3. STRENGTHENING ACCOUNTABILITY TO ENABLE INNOVATION: CREATING THE SPACE FOR A COMPLEMENTARY ACCOUNTABILITY SYSTEM THAT MAINTAINS THE OVERALL OBJECTIVE OF COLLEGE- AND CAREER-READINESS, ALLOWS FOR MORE PERSONALIZED ACADEMIC PATHWAYS, AND PROVIDES A MORE PRECISE WAY OF MEASURING AND REWARDING LEARNING GROWTH TOWARD MASTERY. 10078212 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 24 0 98 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA FL GA IL NJ NY X X JODI ANN MASTRONARDI 2129206130 344 GROVE STREET 65400 JERSEY CITY NJ 07302 JOEL ROSE DIRECTOR/CHIEF EXECUTIVE OFFICER 41.00 X X 359880 0 48988 CHRISTOPHER RUSH DIRECTOR CHIEF PROGRAM OFFICER THRU JAN 2023 41.00 X X 262202 0 16405 JEFF WETZLER BOARD CHAIR 1.00 X X 0 0 0 MARK ZURACK TREASURER 1.00 X X 0 0 0 PALMINA FAVA SECRETARY 1.00 X X 0 0 0 SUSAN ASIYANBI DIRECTOR 1.00 X 0 0 0 TREY BECK DIRECTOR 1.00 X 0 0 0 EMMA BLOOMBERG DIRECTOR 1.00 X 0 0 0 SHAVAR JEFFRIES DIRECTOR THRU SEPT 2022 1.00 X 0 0 0 KELLY MERRYMAN DIRECTOR 1.00 X 0 0 0 MATTHEW PITTINSKY DIRECTOR 1.00 X 0 0 0 ROB STAVIS DIRECTOR 1.00 X 0 0 0 GIDEON STEIN DIRECTOR THRU DEC 2022 1.00 X 0 0 0 LAWRENCE YOUNG DIRECTOR 1.00 X 0 0 0 JASON SCHMIDT CHIEF FINANCIAL OFFICER THRU SEPT 2022 40.00 X 156897 0 32291 JODI MASTRONARDI ACTING CFAO & VP OF PEOPLE AND CULTURE 40.00 X 167898 0 4790 CHRISTINE SARGENT VP PEOPLE CULTURE THRU JAN 2023 40.00 X 213269 0 5427 KAREN LEFEVER VP, PARTNERSHIPS 40.00 X 180979 0 31559 BETH COHEN VP EXTERNAL RELATIONS THRU SEPT 2022 40.00 X 159636 0 30104 MICHAEL WATSON VP, POLICY AND ADVOCACY 40.00 X 179978 0 27691 MATTHEW PETERSEN CHIEF ACADEMIC OFFICER 40.00 X 169594 0 38371 1850333 0 235626 23 0 1 0 DEVSPARK LLC 228 PARK AVE SOUTH 90348 NEW YORK NY 10003 TECH & ENGINEERING 385429 FREEPRO LLC 705 SOUTH MELROSE ST ANAHEIM CA 92805 TECH & ENGINEERING 295355 NEAL ANALYTICS LLC 11911 NE 1ST ST SUITE 206 BELLEVUE WA 98005 TECH & ENGINEERING 176275 ONBENCH LLC 3404 GIBSON PLACE REDONDO BEACH CA 90278 TECH & ENGINEERING 137520 BALLISTIX USA INC 13155 WEST MAGNOLIA BLVD SHERMAN OAKS CA 91423 SALES PROCESS ENGINEERING 110088 11 27539 15074933 5700444 15102472 PROGRAM FEES 611710 148221 148221 148221 15779 15779 5985404 6010444 -25040 -25040 -25040 15241432 148221 0 -9261 1087314 417735 502290 167289 4161097 3391487 462589 307021 81188 62451 11965 6772 500574 382648 79237 38689 494485 360830 89571 44084 225 225 183791 183791 39686 39686 384937 365257 16517 3163 8050 1000 7050 81212 41993 33180 6039 366913 318074 40660 8179 999774 778568 148245 72961 91300 68370 18175 4755 37257 26011 9968 1278 50669 50669 3679135 3646686 32449 58382 45464 8657 4261 ONSITE PROGRAM EXPENSES 137008 137008 REPAIRS & MAINTENANCE 34560 26913 5125 2522 PROFESSIONAL DEVELOP. 22153 7717 12945 1491 BAD DEBT 4380 4380 12504090 10078212 1717688 708190 1326435 802937 1081306 5266591 2870702 2895245 0 37185 64128 73878 153552 141430 127878 12122 5788231 4026610 11258680 13114568 894508 1375024 23250 11475 258182 0 1175940 1386499 X 7898970 5968353 2183770 5759716 10082740 11728069 11258680 13114568 X 2737342 -1092013 X X 0 1 X 1 0 X 10464752 19456910 12828148 9953760 15102472 67806042 10464752 19456910 12828148 9953760 15102472 67806042 39347672 28458370 60066 37764 24740 11826 15779 150175 67956217 7807169 0.41880 0.44440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 13097 13097 11782803 11795900 739795 184949 0 0 813997 739795 1553792 2330688 81311 13097 94408 203499 184949 388448 582672 153552 141430 12122 12122 SOFTWARE DEVELOPMENT COSTS, NET 4025110 SECURITY DEPOSIT 1500 4026610 15375775 134343 134343 15241432 0 15241432 12713433 134343 75000 209343 12504090 0 12504090 PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF UNCOLLECTIBLE PLEDGE 75,000. X X X X X 1 BALLISTIX USA INC 13155 WEST MAGNOLIA BLVD SHERMAN OAKS CA 91423 FUNDRAISING PROJECT SERVICE 0 0 39686 -39686 39686 -39686 CA CO CT DC FL GA IL NV NJ NY NC OH OK WA SCHEDULE G, PART I, LINE 2B, COLUMN (V) BALLISTIX USA, INC. WAS RETAINED TO IMPROVE THE PERFORMANCE OF NEW CLASSROOMS' SALES FUNCTION BY PROVIDING MANAGED SALES PROCESS ENGINEERING SERVICES. BALLISTIX WILL WORK WITH NEW CLASSROOMS TO PROGRESSIVELY IMPROVE AND MAINTAIN, THE EFFECTIVES OF NEW CLASSROOMS' SALES FUNCTION; RECRUIT SALES SUPPORT PERSONNEL; PROVIDE OPERATIONAL TRAINING; PROVIDE SALES AND CUSTOMER SERVICE RELATED TECHNOLOGY, ETC. THE AGREEMENT PROVIDES FOR MONTHLY FEE BASED ON NEW CLASSROOMS' ANNUAL EARNED REVENUE FROM THE ENGAGEMENT AS WELL AS THE REIMBURSEMENT OF EXPENSES IF PRE-APPROVED IN WRITING BY THE ORGANIZATION. X X X X X 0 0 0 0 0 0 0 0 0 JOEL ROSE DIRECTOR/CHIEF EXECUTIVE OFFICER 359197 0 0 0 683 0 3000 0 45988 0 408868 0 0 0 CHRISTOPHER RUSH DIRECTOR CHIEF PROGRAM OFFICER THRU JAN 2023 262091 0 0 0 111 0 0 0 16405 0 278607 0 0 0 CHRISTINE SARGENT VP PEOPLE CULTURE THRU JAN 2023 206140 0 7000 0 129 0 3000 0 2427 0 218696 0 0 0 KAREN LEFEVER VP, PARTNERSHIPS 180248 0 0 0 731 0 3000 0 28559 0 212538 0 0 0 MATTHEW PETERSEN CHIEF ACADEMIC OFFICER 169004 0 0 0 590 0 0 0 38371 0 207965 0 0 0 MICHAEL WATSON VP, POLICY AND ADVOCACY 175782 0 4000 0 196 0 3000 0 24691 0 207669 0 0 0 BETH COHEN VP EXTERNAL RELATIONS THRU SEPT 2022 146771 0 12250 0 615 0 3000 0 27104 0 189740 0 0 0 JASON SCHMIDT CHIEF FINANCIAL OFFICER THRU SEPT 2022 154272 0 2500 0 125 0 3000 0 29291 0 189188 0 0 0 JODI MASTRONARDI ACTING CFAO & VP OF PEOPLE AND CULTURE 161172 0 6250 0 476 0 3000 0 1790 0 172688 0 0 0 PART I, LINE 7 INDIVIDUALS LISTED ON SCHEDULE J, PART II WITH AN AMOUNT REPORTED IN COLUMN B(II) RECEIVED A BONUS THAT WAS A FIXED PAYMENT BASED ON THEIR TERMS OF HIRE. X 1 5700444 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B THE NEW CLASSROOMS FORM 990 WAS PREPARED BY AN INDEPENDENT TAX PREPARER IN CONJUNCTION WITH NEW CLASSROOMS MANAGEMENT. THE FORM 990 WAS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE OF THE BOARD, AND SUBSEQUENTLY PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NEW CLASSROOMS HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE OF THE BOARD. AT LEAST ONCE ANNUALLY, NEW CLASSROOMS' BOARD MEMBERS ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY, AS WELL AS ANY REVISION THERETO, AND ARE REQUIRED TO SIGN A DOCUMENT CERTIFYING THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY AND THAT THEY AGREE TO COMPLY WITH IT. THE POLICY REQUIRES ALL INDIVIDUALS DISCLOSE TO THE DIRECTORS ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT IS DISCLOSED AT ANY TIME, THE BOARD WILL REVIEW THE MATERIAL FACTS AND CIRCUMSTANCES. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST, THE BOARD WILL DECIDE WHETHER THE TRANSACTION AT ISSUE MAY BE ACCOMPLISHED, 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 AND IS FAIR AND REASONABLE. THE INTERESTED PERSON WILL NOT PARTICIPATE IN ANY VOTE OR DISCUSSION ON THIS MATTER. THE DECISION OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST IS DOCUMENTED IN THE MINUTES OF THE MEETING OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE TALENT COMMITTEE OF THE BOARD OF DIRECTORS PERIODICALLY COMMISSIONS AN OUTSIDE PARTY TO CONDUCT A BENCHMARKING STUDY OF CHIEF-LEVEL COMPENSATION TO INFORM ANNUAL COMPENSATION INCREASES FOR THE CEO, CPO AND PRESIDENT. AS PART OF THE REVIEW, THE COMMITTEE REFERENCES AVAILABLE MARKET DATA FOR COMPARABLE POSITIONS (VIA INDEPENDENTLY VERIFIED SOURCES AS WELL AS REPORTED 990 COMPENSATION OF LIKE SIZE AND FOCUS PEER ORGANIZATIONS), AND TAKES INTO ACCOUNT INTERNAL EQUITY CONSIDERATIONS AS WELL. THE CEO'S, CPO'S AND PRESIDENT'S COMPENSATION REVIEW PROCESS IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS AND THE LAST BENCHMARKING STUDY WAS UNDERTAKEN IN MAY 2023. THE COMPENSATION OF THE CHIEF FINANCIAL & ADMINISTRATIVE OFFICER AND THE CHIEF ACADEMIC OFFICER ARE DETERMINED BY THE CEO AND PRESIDENT, AND PROVIDED TO THE TALENT COMMITTEE. THE CEO & PRESIDENT USE AVAILABLE MARKET DATA FOR COMPARABLE POSITIONS (VIA INDEPENDENTLY VERIFIED SOURCES AS WELL AS REPORTED 990 COMPENSATION OF LIKE SIZE AND FOCUS PEER ORGANIZATIONS), AND TAKING INTO ACCOUNT INTERNAL EQUITY CONSIDERATIONS TO DETERMINE THEIR COMPENSATION. THE COMPENSATION REVIEW PROCESS IS DOCUMENTED IN THE HR PERSONNEL FILES AND WAS LAST UNDERTAKEN IN AUGUST 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY AT 212-920-6130. FORM 990, PART XI, LINE 9: LOSS ON LEASE TERMINATION -608,621. LOSS ON DISPOSAL OF SOFTWARE DEVELOPMENT COSTS -408,392. WRITE OFF OF UNCOLLECTIBLE PLEDGE -75,000. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A FINANCE COMMITTEE WHICH IS RESPONSIBLE FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT AND THE OVERSIGHT OF THE ORGANIZATION'S FINANCIAL STATEMENTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.