2024-10-22T15:45:11-05:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 043396766 NEW PROFIT INC NEWP 6179128800 99 BEDFORD STREET 500 BOSTON MA 02111 DOUG BORCHARD MANAGING PARTNER, COO 6179128800 2024-10-22 1 1 MATTHEW HUTT CPA P01070603 5083669100 2024-10-22 2023 2024-10-15 13:58:12Z DOUG BORCHARD 99 BEDFORD STREET 500 BOSTON MA 02111 74873760 0 X WWW.NEWPROFIT.ORG X 1997 MA NEW PROFIT IS A VENTURE PHILANTHROPY ORGANIZATION THAT BACKS SOCIAL ENTREPRENEURS WHO ARE ADVANCING EQUITY AND OPPORTUNITY IN AMERICA. NEW PROFIT EXISTS TO BUILD A BRIDGE BETWEEN THESE LEADERS AND A COMMUNITY OF PHILANTHROPISTS WHO ARE COMMITTED TO CATALYZING THEIR IMPACT. NEW PROFIT PROVIDES UNRESTRICTED GRANTS AND STRATEGIC SUPPORT TO A PORTFOLIO OF ORGANIZATIONS LED BY VISIONARY SOCIAL ENTREPRENEURS TO INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. IT ALSO PARTNERS WITH SOCIAL ENTREPRENEURS AND OTHER CROSS-SECTOR LEADERS TO SHIFT HOW GOVERNMENT AND PHILANTHROPY PURSUE SOCIAL CHANGE TO ENSURE THAT ALL PEOPLE CAN THRIVE. SINCE ITS FOUNDING IN 1998, NEW PROFIT HAS INVESTED OVER $350M IN 250+ ORGANIZATIONS AND, THROUGH THE AMERICA FORWARD COALITION'S COLLECTIVE ADVOCACY EFFORTS, HAS UNLOCKED OVER $1.9B IN GOVERNMENT FUNDING FOR SOCIAL INNOVATION. 23 21 86 21 0 0 21717666 71496194 160125 105877 278559 3271689 0 0 22156350 74873760 12385000 17096668 0 0 12238553 15104593 200402 0 4357309 10694954 8388674 35518909 40589935 -13362559 34283825 102096696 130066105 3162236 1720882 98934460 128345223 X SEE SCHEDULE O. 0 0 9880682 7050000 105877 SEE SCHEDULE O. 9790391 6750000 SEE SCHEDULE O. 8053948 880000 SEE SCHEDULE O. 2504837 2416668 PORTFOLIO - TRANSFORMTHROUGH OUR TRANSFORM INVESTMENTS, WE PROVIDE GRANTEE-PARTNERS A $3M+ MULTI-YEAR, UNRESTRICTED GRANT AND DEEP ADVISORY SUPPORT. A DEDICATED NEW PROFIT DEAL PARTNER SERVES AS A TRUSTED ADVISOR TO THE SOCIAL ENTREPRENEUR AND AS A MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS. OUR SUPPORT IS GEARED TOWARD SUPPORTING LEADERSHIP TEAMS AND BOARDS THAT ARE NAVIGATING SIGNIFICANT INFLECTION POINTS IN THEIR GROWTH AND AIMING TO DRIVE LARGE-SCALE IMPACT IN THEIR FIELD. OUR GRANTEE-PARTNERS ARE DRIVING IMPACT IN DEMOCRACY, EDUCATION, ECONOMIC MOBILITY, AND HEALTH. 447193 PORTFOLIO - PORTFOLIO PERFORMANCE & SUPPORTNEW PROFIT ASSUMES A VARIETY OF ROLES INCLUDING WITH GRANTEE-PARTNERS INCLUDING ADVISOR, COACH, AND BOARD MEMBER IN ORDER TO PROVIDE STRATEGIC GUIDANCE GEARED TOWARDS BUILDING ORGANIZATIONS' KEY CAPABILITIES. WE BELIEVE THAT INCREASES IN THESE CAPABILITIES - INCLUDING LEADERSHIP, IMPACT MODEL, STRATEGIC MANAGEMENT AND PLANNING, AND ECONOMIC MODEL - ARE THE NECESSARY FOUNDATION FOR IMPACT, SCALE, AND REACH AND SUSTAINABILITY, IN THE LONG-TERM. THROUGHOUT THE INVESTMENT PERIOD, NEW PROFIT ALSO INVITES GRANTEE-PARTNERS AND ALUMNI TO TAKE PART IN CONVENINGS THAT BRING TOGETHER PEER ORGANIZATIONS, FIELD EXPERTS, AND PHILANTHROPIC PLAYERS FROM ACROSS OUR NATIONAL NETWORK. 2952030 2416668 30677051 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 89 0 1 86 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 21 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA NY CA FL WA AL AK CO HI KS KY ME MD MI MS NJ NC ND OH OK OR PA RI TN UT WV SC CT X IAN MAGEE MANAGING PARTNER CFO 6179128808 99 BEDFORD STREET 500 BOSTON MA 02111 VANESSA KIRSCH FOUNDER-IN-RESIDENCE AND SENIOR PARTNER 45.00 X X 444313 0 33780 TULAINE MONTGOMERY CEO 45.00 X X 522002 0 16696 STEVE JENNINGS CHAIRMAN 1.00 X X 0 0 0 STEVE BARNES DIRECTOR 1.00 X 0 0 0 JOSH BEKENSTEIN DIRECTOR 1.00 X 0 0 0 KERWIN CHARLES DIRECTOR 1.00 X 0 0 0 SAM COBBS DIRECTOR 1.00 X 0 0 0 ALISA DOCTOROFF DIRECTOR 1.00 X 0 0 0 DAVID GERGEN DIRECTOR 1.00 X 0 0 0 STACY JANIAK DIRECTOR 1.00 X 0 0 0 WENDY KOPP DIRECTOR 1.00 X 0 0 0 MATT LEVIN DIRECTOR 1.00 X 0 0 0 HENRY MCCANCE DIRECTOR 1.00 X 0 0 0 DUNCAN MCFARLAND DIRECTOR 1.00 X 0 0 0 KWASI MITCHELL DIRECTOR 1.00 X 0 0 0 VALERIE MOSLEY DIRECTOR 1.00 X 0 0 0 KRISTIN MUGFORD DIRECTOR 1.00 X 0 0 0 MARK NUNNELLY DIRECTOR 1.00 X 0 0 0 DEBORAH QUAZZO DIRECTOR 1.00 X 0 0 0 JOHN RICE DIRECTOR 1.00 X 0 0 0 BRIAN SPECTOR DIRECTOR 1.00 X 0 0 0 VENKAT SRINIVASAN DIRECTOR 1.00 X 0 0 0 JEFFREY WALKER DIRECTOR 1.00 X 0 0 0 DOUGLAS BORCHARD COO 45.00 X 337333 0 6783 IAN MAGEE MANAGING PARTNER, CFO 45.00 X 352855 0 16679 ELIZA GREENBERG PRESIDENT 45.00 X 331777 0 26328 GIA TRUONG MANAGING PARTNER,EQUITY & PROXIMITY 45.00 X 239887 0 28124 MATRIKA BAILEY-TURNER CHIEF OF STAFF 45.00 X 161895 0 10483 DAVID LEVY SENIOR ADVISOR 45.00 X 353056 0 2008 DEBORAH SMOLOVER MANAGING PARTNER,ED OF AMERICA FORWARD 45.00 X 337372 0 32336 SHRUTI SEHRA MANAGING PARTNER,ECOSYSTEM BLDG & EDUC 45.00 X 244031 0 16678 SHAWN DOVE MANAGING PARTNER,ECOSYSTEM BLDG. 45.00 X 243334 0 27762 SAMUEL J HIERSTEINER SENIOR PARTNER 45.00 X 222537 0 33758 3790392 0 251415 49 0 1 0 ANJEALETTA WILLIAMS 20 PARK PLAZA SUITE 416 BOSTON MA 02116 EVENT PLANNING SERVICES 774481 EVALUATION STRATEGY LLC 5019 RENO RD NW WASHINGTON DC 20008 EVALUATION AND PORTFOLIO SUPPORT 267750 JEFF NELSON 1135 MOREHEAD CT ANN ARBOR MI 48103 PORTFOLIO SUPPORT AND STRATEGY 234000 MCPHERSON STRATEGIES LLC 190 STATE ST 11A BROOKLYN NY 11201 COMMUNICATION STRATEGY AND IMPLEMENTATIO 189400 LISA GUY 16 NOBLE ST APT 301 BRUNSWICK ME 04011 GROWTH MANAGEMENT AND EDIP SUPPORT 110750 5 71496194 106700 71496194 NETWORKING EVENT FEES 900099 105877 105877 105877 3271689 3271689 74873760 105877 0 3271689 X 17096668 17096668 2554954 479812 1651361 423781 10356712 6935290 1735428 1685994 217906 134300 49168 34438 1140537 714560 241353 184624 834484 483258 215041 136185 59324 59324 38835 38835 4262371 3164081 700521 397769 88901 29969 22791 36141 1020031 525680 274626 219725 605477 268614 250504 86359 1990085 725115 169955 1095015 MISCELLANEOUS 162945 42665 88291 31989 RECRUITING AND TALENT 160705 38204 97212 25289 40589935 30677051 5555575 4357309 2807683 4338856 65653953 69794226 31771589 54569548 242903 287931 1620568 1075544 102096696 130066105 1419576 550324 1742660 1170558 3162236 1720882 X 29479566 28734657 69454894 99610566 98934460 128345223 102096696 130066105 X 34283825 -4873062 X X 0 1 X 1 0 X 42371399 20430328 77008557 21717666 71496194 233024144 42371399 20430328 77008557 21717666 71496194 233024144 89280612 143743532 395367 101343 8686 278559 3271689 4055644 5009 319 5328 237085116 1423697 0.60630 0.77590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1513 38835 40348 40549587 40589935 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 44244 45313 47659 40348 177564 250000 250000 250000 250000 1000000 1500000 1857 1513 3370 0 OPERATING LEASE LIABILITIES 1170558 1170558 X 72426189 2425491 -4873062 -2447571 74873760 0 74873760 43015426 2425491 2425491 40589935 0 40589935 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2023. THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND VARIOUS STATE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CANCELLED COMMITMENTS RECEIVABLE -4,000,000. PROVISION FOR UNCOLLECTIBLE COMMITMENTS -873,062. 1 40 SCHOOLS 612 ANDREW HIGGINS NEW ORLEANS LA 70130 273474661 501(C)3 250000 0 PROGRAM EXPANSION AVANCE 824 BROADWAY ST SAN ANTONIO TX 78215 741769114 501(C)3 250000 0 PROGRAM EXPANSION BACKFIELD IN MOTION INC 920 WOODLAND ST NASHVILLE TN 37206 621826603 501(C)3 125000 0 PROGRAM EXPANSION BARR CENTER 5115 EXCELSIOR BLVD ST LOUIS PARK MN 55416 825480444 501(C)3 250000 0 PROGRAM EXPANSION BEATS RHYMES AND LIFE INC 450 SANTA CLARA AVE OAKLAND CA 94610 452382705 501(C)3 100000 0 PROGRAM EXPANSION BELOVED COMMUNITY CENTER OF GREENSBORO INC PO BOX 875 GREENSBORO NC 27402 561877250 501(C)3 250000 0 PROGRAM EXPANSION BEYOND12 EDUCATION INC 1625 CLAY ST OAKLAND CA 94612 271275246 501(C)3 325000 0 PROGRAM EXPANSION BLACK GIRLS SMILE INC 352 UNIVERSITY AVE SW ATLANTA GA 30310 455352968 501(C)3 100000 0 PROGRAM EXPANSION BLACK WOMEN'S BLUEPRINT INC PO BOX 24713 BROOKLYN NY 11201 271308862 501(C)3 100000 0 PROGRAM EXPANSION BRAVEN INC 171 N ABERDEEN ST CHICAGO IL 60607 464340594 501(C)3 1669168 0 PROGRAM EXPANSION CARA CHICAGO 237 S DESPLAINES ST CHICAGO IL 60661 364268095 501(C)3 250000 0 PROGRAM EXPANSION CENTRAL VALLEY SCHOLARS 710 VAN NESS FRESNO CA 93721 841996995 501(C)3 100000 0 PROGRAM EXPANSION CENTRO UNIDO LATINO AMERICANO 79 ACADEMY ST MARION NC 28752 562678411 501(C)3 100000 0 PROGRAM EXPANSION CHAINLESS CHANGE INC 4300 N UNIVERSITY DR SUNRISE FL 33351 833657191 501(C)3 100000 0 PROGRAM EXPANSION CODEPATHORG 5214F DIAMOND HITS BLVD SAN FRANCISCO CA 94131 815338932 501(C)3 250000 0 PROGRAM EXPANSION COLLABORATIVE FOR ACADEMIC SOCIAL AND EMOTIONAL LEARNING 815 W VAN BUREN STREET CHICAGO IL 60607 205884201 501(C)3 250000 0 PROGRAM EXPANSION COLLABORATIVE HEALING INITIATIVE WITHIN COMMUNITIES (CHIC INC) 10660 E COLFAX AVE AURORA CO 80010 821803800 501(C)3 100000 0 PROGRAM EXPANSION COLORADO NONPROFIT DEVELOPMENT CENTER 789 SHERMAN ST DENVER CO 80203 841493585 501(C)3 202500 0 PROGRAM EXPANSION CONVIVIR COLORADO 3264 LARIMER ST DENVER CO 80205 851163753 501(C)3 100000 0 PROGRAM EXPANSION COUNSELING IN SCHOOLS 505 EIGHTH AVE NEW YORK NY 10018 133637647 501(C)3 100000 0 PROGRAM EXPANSION CUSTOM COLLABORATIVE INCORPORATED 102 BRADHURST AVE NEW YORK NY 10039 475036606 501(C)3 100000 0 PROGRAM EXPANSION EAST CENTRAL GEORGIA CONSORTIUM INC 674 WASHINGTON RD THOMSON GA 30824 582114208 501(C)3 210000 0 PROGRAM EXPANSION EMERGENT WORKS INC 424 W 54TH ST NEW YORK NY 10019 851197743 501(C)3 100000 0 PROGRAM EXPANSION ENVISION EDUCATION INC 111 MYRTLE ST STE 203 OAKLAND CA 94607 943394659 501(C)3 267500 0 PROGRAM EXPANSION EQUAL OPPORTUNITY SCHOOLS 5601 6TH AVE S SEATTLE WA 98108 371609659 501(C)3 250000 0 PROGRAM EXPANSION EQUITY AND TRANSFORMATION 10 W 35TH ST CHICAGO IL 60616 834701430 501(C)3 100000 0 PROGRAM EXPANSION ESQ APPRENTICE PO BOX 24152 OAKLAND CA 94623 473060656 501(C)3 100000 0 PROGRAM EXPANSION FATHERS' UPLIFT INC 12 SOUTHERN AVE DORCHESTER CENTER MA 021242012 461470932 501(C)3 100000 0 PROGRAM EXPANSION FIRSTREPAIR 1900 ASBURY AVE EVANSTON IL 60201 863191322 501(C)3 100000 0 PROGRAM EXPANSION FOUND VILLAGE PO BOX 68045 CINCINNATI OH 45206 814106901 501(C)3 100000 0 PROGRAM EXPANSION FRACTURED ATLAS INC PO BOX 55 HARTSDALE NY 10530 113451703 501(C)3 100000 0 PROGRAM EXPANSION GENERATION CITIZEN 110 WALL ST NEW YORK NY 10005 272039522 501(C)3 375000 0 PROGRAM EXPANSION GENUNITY INC 36 S MUNROE TERRACE BOSTON MA 02122 871485598 501(C)3 100000 0 PROGRAM EXPANSION GIRLS LEADERSHIP 1675 7TH ST OAKLAND CA 94615 331207431 501(C)3 250000 0 PROGRAM EXPANSION GOOD CALL NYC CO 81 WILLOUGHBY ST BROOKLYN NY 11201 821011857 501(C)3 100000 0 PROGRAM EXPANSION GOOD NATION FOUNDATION INC 100 CROSBY ST NEW YORK NY 10012 814768448 501(C)3 100000 0 PROGRAM EXPANSION GREATER DAYTON UNION COOPERATIVE INITIATIVE (CO-OP DAYTON) 840 GERMANTOWN ST DAYTON OH 45402 813470466 501(C)3 100000 0 PROGRAM EXPANSION HEART & HAND CENTER 2736 WELTON ST DENVER CO 80205 454251869 501(C)3 100000 0 PROGRAM EXPANSION INNER CITY COMPUTER STARS FOUNDATION 750 N ORLEANS CHICAGO IL 60654 364253411 501(C)3 250000 0 PROGRAM EXPANSION INSIGHT GARDEN PROGRAM 2081 CENTER ST BERKELEY CA 94702 463998218 501(C)3 100000 0 PROGRAM EXPANSION JOY AS RESISTANCE 7779 MARTIN LUTHER KING JR BLVD DENVER CO 80238 845152470 501(C)3 102500 0 PROGRAM EXPANSION KENSINGTON CORRIDOR TRUST 3400 J ST PHILADELPHIA PA 19134 842453611 501(C)3 100000 0 PROGRAM EXPANSION KINGMAKERS OF OAKLAND 745 ARIMO AVE OAKLAND CA 94610 384105767 501(C)3 250000 0 PROGRAM EXPANSION LATINO BUSINESS FOUNDATION SILICON VALLEY 1652 ALUM ROCK AVE SAN JOSE CA 95116 843419477 501(C)3 100000 0 PROGRAM EXPANSION LEGACY MISSION VILLAGE PO BOX 2984 BRENTWOOD TN 37024 900672177 501(C)3 157500 0 PROGRAM EXPANSION LIVE AGAIN FRESNO 161 N VAN NESS FRESNO CA 93701 464075241 501(C)3 100000 0 PROGRAM EXPANSION MEMPHIS ARTISTS FOR CHANGE 1540 NETHERWOOD AVE MEMPHIS TN 38106 814207475 501(C)3 100000 0 PROGRAM EXPANSION MENTORING IN MEDICINE & SCIENCE 8393 CAPWELL DR OAKLAND CA 94621 273263074 501(C)3 100000 0 PROGRAM EXPANSION MOORE IMPACT INC 2590 WELTON ST DENVER CO 80205 844714243 501(C)3 100000 0 PROGRAM EXPANSION MOVES AND GROOVES 2275 MURFREESBORO PIKE NASHVILLE TN 37217 680516440 501(C)3 102500 0 PROGRAM EXPANSION MUSLIM YOUTH FOR POSITIVE IMPACT 1880 GOLDEN EAGLE CT BROOMFIELD CO 80020 830998674 501(C)3 100000 0 PROGRAM EXPANSION NATIONAL LEGAL ADVOCACY NETWORK 1 N LASALLE ST CHICAGO IL 60602 823524198 501(C)3 100000 0 PROGRAM EXPANSION NEW BEGINNINGS REENTRY SERVICES INC 55 ROXBURY ST ROXBURY MA 02119 811525549 501(C)3 100000 0 PROGRAM EXPANSION NEW LEADERS COUNCIL 1050 CONNECTICUT AVE NW WASHINGTON DC 20035 562581640 501(C)3 100000 0 PROGRAM EXPANSION NORTH AMERICAN STUDENTS OF COOPERATION PO BOX 166140 CHICAGO IL 60616 382219436 501(C)3 100000 0 PROGRAM EXPANSION ONEGOAL 180 N WABASH AVE CHICAGO IL 60601 562369898 501(C)3 377500 0 PROGRAM EXPANSION ONLINE NEWS ASSOCIATION 1111 NORTH CAPITOL ST NE WASHINGTON DC 20002 510389878 501(C)3 100000 0 PROGRAM EXPANSION ORANGE COUNTY COMMUNITIES ORGANIZED FOR RESPONSIBLE DEVELOPMENT 1505 17TH ST SANTA ANA CA 92705 432092827 501(C)3 50000 0 PROGRAM EXPANSION PARENT TEACHER HOME VISITS PO BOX 189084 SACRAMENTO CA 95818 510477445 501(C)3 100000 0 PROGRAM EXPANSION POSSIBILITY LABS 1410 FRANKLIN ST SAN FRANCISCO CA 91409 853989363 501(C)3 100000 0 PROGRAM EXPANSION POTLIKKER CAPITAL PO BOX 778 ITHACA NY 148510778 852051176 501(C)3 100000 0 PROGRAM EXPANSION PROJECT BASTA 500 7TH AVE NEW YORK NY 10018 815268868 501(C)3 250000 0 PROGRAM EXPANSION PROUNITAS INC 1801 MAIN ST HOUSTON TX 77002 471573396 501(C)3 100000 0 PROGRAM EXPANSION PURPLE HEALTH FOUNDATION INC 115 E 34TH ST NEW YORK NY 10016 843004727 501(C)3 100000 0 PROGRAM EXPANSION RACIAL JUSTICE COALITION 70 SOUTH MARKET ST ASHEVILLE NC 28801 582140995 501(C)3 100000 0 PROGRAM EXPANSION REINVENT STOCKTON FOUNDATION 110 N SAN JOAQUIN ST STOCKTON CA 95202 821005719 501(C)3 100000 0 PROGRAM EXPANSION RHIZOME ACTION NETWORK INC 1403 NE 82ND ST SEATTLE WA 98115 871985174 501(C)3 100000 0 PROGRAM EXPANSION SAGA EDUCATION 10 LAUDHOLM RD NEWTON MA 02458 472168942 501(C)3 252500 0 PROGRAM EXPANSION SAN DIEGO WORKFORCE PARTNERSHIPS INC 9246 LIGHTWAVE AVE SUITE 210 SAN DIEGO CA 92123 330660504 501(C)3 60000 0 PROGRAM EXPANSION SCD ENRICHMENT PROGRAM 4860 CHAMBERS RD 102 DENVER CO 80239 831362590 501(C)3 100000 0 PROGRAM EXPANSION SCHOOLSEED FOUNDATION 2670 UNION AVE 1123 MEMPHIS TN 38112 264477567 501(C)3 114500 0 PROGRAM EXPANSION SISTA AFYA COMMUNITY CARE NFP 1817 E 71ST ST CHICAGO IL 60649 852035370 501(C)3 100000 0 PROGRAM EXPANSION SOCIAL AND ENVIRONMENTAL ENTREPRENEURS 23564 CALABASAS RD SUITE 201 CALABASAS CA 91302 954116679 501(C)3 200000 0 PROGRAM EXPANSION SOCIAL CREATURES INC 83 POWERS ST 2ND FLOOR BROOKLYN NY 11211 851248669 501(C)3 100000 0 PROGRAM EXPANSION SOCIAL GOOD FUND 12651 SAN PABLO AVE UNIT 5473 RICHMOND CA 94805 461323531 501(C)3 100000 0 PROGRAM EXPANSION STRADA COLLABORATIVE INC DBA INSIDETRACK 10 W MARKET ST SUITE 110 INDIANAPOLIS IN 46204 861250084 501(C)3 50500 0 PROGRAM EXPANSION STREETS MINISTRIES 430 VANCE AVE MEMPHIS TN 38126 621763815 501(C)3 100000 0 PROGRAM EXPANSION SURGE INSTITUTE 935 W CHESTNUT ST SUITE 515 CHICAGO IL 60642 471995566 501(C)3 375000 0 PROGRAM EXPANSION TALLER SALUD INC PO BOX 524 LOIZA PR 00976 660494692 501(C)3 100000 0 PROGRAM EXPANSION TEACHING LAB PO BOX 825792 PHILADELPHIA PA 191825792 813546317 501(C)3 250000 0 PROGRAM EXPANSION THE ARTHUR PROJECT INC 600 THIRD AVE SUITE 200 NEW YORK NY 10016 812797329 501(C)3 100000 0 PROGRAM EXPANSION THE CENTER FOR BLACK EDUCATOR DEVELOPMENT 7901 HIDDEN LN ELKINS PARK PA 19027 841814119 501(C)3 375000 0 PROGRAM EXPANSION THE COLLECTIVE BLUEPRINT PO BOX 40476 MEMPHIS TN 38174 823372081 501(C)3 100000 0 PROGRAM EXPANSION THE FIND DESIGN 2787 SMITH SPRINGS RD NASHVILLE TN 37217 472471327 501(C)3 70000 0 PROGRAM EXPANSION THE GENTLEMEN'S LEAGUE 656 FLORIDA ST 301 MEMPHIS TN 38103 821791721 501(C)3 102500 0 PROGRAM EXPANSION THE HADANOU COLLECTIVE 3533 N MARION ST DENVER CO 80205 475606568 501(C)3 100000 0 PROGRAM EXPANSION THE KNOWLEDGE HOUSE FELLOWSHIP INC 79 ALEXANDER AVE SUITE 51A BRONX NY 10454 472747713 501(C)3 250000 0 PROGRAM EXPANSION THE SCHOLARSHIP ACADEMY INC 500 BISHOP ST NW BUILDING B-2 ATLANTA GA 30318 203721836 501(C)3 100000 0 PROGRAM EXPANSION THINK OF US 700 PENNSYLVANIA AVE SE WASHINGTON DC 20003 821157215 501(C)3 250000 0 PROGRAM EXPANSION TRANSCEND INC 1836 WESTCHESTER AVE PMB 6205 BRONX NY 10472 300878820 501(C)3 750000 0 PROGRAM EXPANSION TRUST NEIGHBORHOODS 1737 WALNUT ST SUITE C KANSAS CITY MO 64108 852544201 501(C)3 100000 0 PROGRAM EXPANSION TURNING TABLES 1810 HASTINGS PL 4 NEW ORLEANS LA 70130 852142226 501(C)3 100000 0 PROGRAM EXPANSION UNBOUNDED 81 PROSPECT ST BROOKLYN NY 11201 431243999 501(C)3 250000 0 PROGRAM EXPANSION UNLOCKED LABS 2858 SALENA REAR ST LOUIS MO 63118 371871086 501(C)3 100000 0 PROGRAM EXPANSION URBAN ALLIANCE 2030 Q STREET NW WASHINGTON DC 20009 521938443 501(C)3 250000 0 PROGRAM EXPANSION WE ARE FAMILY 1801 REYNOLDS AVE UNIT B NORTH CHARLESTON SC 29405 571008020 501(C)3 100000 0 PROGRAM EXPANSION WEIRD ENOUGH PRODUCTIONS 3639 TRINITY PL LITHONIA GA 30038 821118409 501(C)3 100000 0 PROGRAM EXPANSION WEST CONTRA COSTA PUBLIC EDUCATION FUND 1400 MARINA WAY S RICHMOND CA 94804 680005307 501(C)3 100000 0 PROGRAM EXPANSION WORKFORCE ALLIANCE OF SOUTH CENTRAL KANSAS INC 300 W DOUGLAS SUITE 850 WICHITA KS 67202 481246563 501(C)3 210000 0 PROGRAM EXPANSION WORKSOURCE - GREATER AUSTIN AREA WORKFORCE BOARD 9001 N IH 35 SUITE 110E AUSTIN TX 78753 742327454 501(C)3 60000 0 PROGRAM EXPANSION YOUTH PASSAGEWAYS 1714 FRANKLIN ST 100-337 OAKLAND CA 94612 474750095 501(C)3 107500 0 PROGRAM EXPANSION ZEARN INC 261 W 35TH ST 15TH FL NEW YORK NY 10001 371665745 501(C)3 250000 0 PROGRAM EXPANSION 102 0 PART I, LINE 2: NEW PROFIT'S PORTFOLIO INVESTING MODEL PROVIDES FINANCIAL AND STRATEGIC RESOURCES TO RESULTS-DRIVEN ORGANIZATIONS. NEW PROFIT PROVIDES A PORTFOLIO MANAGER TO EACH ORGANIZATION OR COHORT OF ORGANIZATIONS WHO WORKS CLOSELY WITH THE ORGANIZATION'S LEADERSHIP TO PROVIDE SUPPORT IN A VARIETY OF AREAS, INCLUDING IMPACT INNOVATION, LEADERSHIP AND GOVERNANCE, ORGANIZATIONAL STRATEGY, PERFORMANCE MEASUREMENT, AND MANAGEMENT AS INDICATED IN PART III OF THE FORM 990. APORTFOLIO MANAGER ALSO HOLDS A SEAT ON THE ORGANIZATION'S BOARD OF DIRECTORS THROUGHOUT THE TERM OF NEW PROFIT'S BUILD INVESTMENT IN THE ORGANIZATION. X 0 1 X X X 0 0 0 0 0 0 0 0 0 TULAINE MONTGOMERY CEO 467002 0 55000 0 0 0 6000 0 10696 0 538698 0 0 0 VANESSA KIRSCH FOUNDER-IN-RESIDENCE AND SENIOR PART 389313 0 55000 0 0 0 6000 0 27780 0 478093 0 0 0 DEBORAH SMOLOVER MANAGING PARTNER,ED OF AMERICA FORWA 337372 0 0 0 0 0 6000 0 26336 0 369708 0 0 0 IAN MAGEE MANAGING PARTNER, CFO 352855 0 0 0 0 0 6000 0 10679 0 369534 0 0 0 ELIZA GREENBERG PRESIDENT 331777 0 0 0 0 0 0 0 26328 0 358105 0 0 0 DAVID LEVY SENIOR ADVISOR 353056 0 0 0 0 0 0 0 2008 0 355064 0 0 0 DOUGLAS BORCHARD COO 337333 0 0 0 0 0 6000 0 783 0 344116 0 0 0 SHAWN DOVE MANAGING PARTNER,ECOSYSTEM BLDG. 243334 0 0 0 0 0 0 0 27762 0 271096 0 0 0 GIA TRUONG MANAGING PARTNER,EQUITY & PROXIMITY 239887 0 0 0 0 0 363 0 27761 0 268011 0 0 0 SHRUTI SEHRA MANAGING PARTNER,ECOSYSTEM BLDG & ED 244031 0 0 0 0 0 6000 0 10678 0 260709 0 0 0 SAMUEL J HIERSTEINER SENIOR PARTNER 222537 0 0 0 0 0 6000 0 27758 0 256295 0 0 0 MATRIKA BAILEY-TURNER CHIEF OF STAFF 161895 0 0 0 0 0 0 0 10483 0 172378 0 0 0 PART I, LINE 1B THE ORGANIZATION IS IN THE PROCESS OF CREATING AN EQUITABLE POLICY FOR THESE TYPES OF PURCHASES. THE PURCHASE WAS MADE TO ENHANCE CAPACITY FOR FUNDRAISING, DONOR CULTIVATION, AND EVENT HOSTING. X 269 98700 FAIR MARKET VALUE X 42 8000 FAIR MARKET VALUE 0 0 0 FORM 990, PART III, LINE 1, MISSION STATEMENT: NEW PROFIT IS A VENTURE PHILANTHROPY ORGANIZATION THAT BACKS SOCIAL ENTREPRENEURS WHO ARE ADVANCING EQUITY AND OPPORTUNITY IN AMERICA. NEW PROFIT EXISTS TO BUILD A BRIDGE BETWEEN THESE LEADERS AND A COMMUNITY OF PHILANTHROPISTS WHO ARE COMMITTED TO CATALYZING THEIR IMPACT. NEW PROFIT PROVIDES UNRESTRICTED GRANTS AND STRATEGIC SUPPORT TO A PORTFOLIO OF ORGANIZATIONS LED BY VISIONARY SOCIAL ENTREPRENEURS TO INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. IT ALSO PARTNERS WITH SOCIAL ENTREPRENEURS AND OTHER CROSS-SECTOR LEADERS TO SHIFT HOW GOVERNMENT AND PHILANTHROPY PURSUE SOCIAL CHANGE TO ENSURE THAT ALL PEOPLE CAN THRIVE. SINCE ITS FOUNDING IN 1998, NEW PROFIT HAS INVESTED OVER $350M IN 250+ ORGANIZATIONS AND, THROUGH THE AMERICA FORWARD COALITION'S COLLECTIVE ADVOCACY EFFORTS, HAS UNLOCKED OVER $1.9B IN GOVERNMENT FUNDING FOR SOCIAL INNOVATION. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: PORTFOLIO - CATALYZE WE STAND SHOULDER-TO-SHOULDER WITH SOCIAL ENTREPRENEURS IN SUPPORT OF THEIR VISION, WITH A SPECIFIC FOCUS ON HELPING THEM BUILD THE CAPACITY OF THEIR ORGANIZATIONS, WHICH IS KEY TO STRENGTHENING THEIR LONG-TERM IMPACT AND SUSTAINABILITY. WE ARE COMMITTED TO BACKING SOCIAL ENTREPRENEURS WHO CENTER EQUITY IN THEIR WORK AND WHO ARE PROXIMATE TO THE COMMUNITIES WE COLLECTIVELY AIM TO SERVE. PROXIMATE LEADERS BRING SKILLS, INSIGHTS, RELATIONSHIPS, AND EXPERTISE THAT OUR SOCIETY NEEDS TO ADVANCE EQUITABLE WELLBEING. OUR BIGGEST SOCIETAL CHALLENGES ARE COMPLEX AND INTERCONNECTED, SO WE BELIEVE PROGRESS DEPENDS ON INVESTING IN A BROAD RANGE OF ISSUE AREAS. WE PROVIDE THREE LEVELS OF FUNDING AND STRATEGIC SUPPORT TO ORGANIZATIONS IN OUR PORTFOLIO: A NEW PILOT INVESTMENT CALLED "TRANSFORM INVESTMENTS, AND OUR ESTABLISHED PORTFOLIOS OF "BUILD INVESTMENTS AND "CATALYZE INVESTMENTS." THROUGH OUR CATALYZE INVESTMENTS, WE PROVIDE $100K-$200K UNRESTRICTED GRANTS, STRATEGIC ADVICE, AND A PEER LEARNING COMMUNITY OVER ONE TO TWO YEARS TO CATALYZE THE INNOVATIONS OF ORGANIZATIONS WITH LEADERS AND FOCUS AREAS THAT HAVE BEEN HISTORICALLY UNDERINVESTED IN BY PHILANTHROPY. OUR COHORT MODEL ENABLES THE SOCIAL ENTREPRENEURS TO FORM A PEER LEARNING COMMUNITY, WHICH OFFERS AN OPPORTUNITY FOR THEM TO CONNECT, GIVE ADVICE AND SUPPORT TO EACH OTHER, AND PARTICIPATE IN A SERIES OF IN-PERSON AND VIRTUAL CONVENINGS STRUCTURED AROUND TACKLING KEY LEADERSHIP AND ORGANIZATIONAL CHALLENGES THEY FACE IN ORDER TO DEEPEN THEIR IMPACT AND SCALE THEIR MODELS. OUR GRANTEE-PARTNERS ARE DRIVING IMPACT IN EDUCATION, HEALTH, ECONOMIC MOBILITY, CRIMINAL JUSTICE, AND CIVIC ENGAGEMENT. FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: PORTFOLIO - BUILD WE STAND SHOULDER-TO-SHOULDER WITH SOCIAL ENTREPRENEURS IN SUPPORT OF THEIR VISION, WITH A SPECIFIC FOCUS ON HELPING THEM BUILD THE CAPACITY OF THEIR ORGANIZATIONS, WHICH IS KEY TO STRENGTHENING THEIR LONG-TERM IMPACT AND SUSTAINABILITY. WE ARE COMMITTED TO BACKING SOCIAL ENTREPRENEURS WHO CENTER EQUITY IN THEIR WORK AND WHO ARE PROXIMATE TO THE COMMUNITIES WE COLLECTIVELY AIM TO SERVE. PROXIMATE LEADERS BRING SKILLS, INSIGHTS, RELATIONSHIPS, AND EXPERTISE THAT OUR SOCIETY NEEDS TO ADVANCE EQUITABLE WELLBEING. OUR BIGGEST SOCIETAL CHALLENGES ARE COMPLEX AND INTERCONNECTED, SO WE BELIEVE PROGRESS DEPENDS ON INVESTING IN A BROAD RANGE OF ISSUE AREAS. WE PROVIDE THREE LEVELS OF FUNDING AND STRATEGIC SUPPORT TO ORGANIZATIONS IN OUR PORTFOLIO: A NEW PILOT INVESTMENT VEHICLE CALLED "TRANSFORM INVESTMENTS, AND OUR ESTABLISHED PORTFOLIOS OF "BUILD INVESTMENTS, AND "CATALYZE INVESTMENTS." THROUGH OUR BUILD INVESTMENTS, WE PROVIDE GRANTEE-PARTNERS A $1M+ MULTI-YEAR, UNRESTRICTED GRANT AND DEEP ADVISORY SUPPORT. A DEDICATED NEW PROFIT DEAL PARTNER SERVES AS A TRUSTED ADVISOR TO THE SOCIAL ENTREPRENEUR AND AS A MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS. OUR SUPPORT IS GEARED TOWARDS BUILDING THE LEADERSHIP CAPACITY OF SOCIAL ENTREPRENEURS AND THEIR ABILITY TO MAKE STRATEGIC CHOICES AS THEY NAVIGATE CHANGE AND GROWTH. OUR GRANTEE-PARTNERS ARE DRIVING IMPACT IN EDUCATION, HEALTH, ECONOMIC MOBILITY, CRIMINAL JUSTICE, AND CIVIC ENGAGEMENT. FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: PORTFOLIO - PORTFOLIO PERFORMANCE & SUPPORT NEW PROFIT ASSUMES A VARIETY OF ROLES INCLUDING WITH GRANTEE-PARTNERS INCLUDING ADVISOR, COACH, AND BOARD MEMBER IN ORDER TO PROVIDE STRATEGIC GUIDANCE GEARED TOWARDS BUILDING ORGANIZATIONS' KEY CAPABILITIES. WE BELIEVE THAT INCREASES IN THESE CAPABILITIES - INCLUDING LEADERSHIP, IMPACT MODEL, STRATEGIC MANAGEMENT AND PLANNING, AND ECONOMIC MODEL - ARE THE NECESSARY FOUNDATION FOR IMPACT, SCALE, AND REACH AND SUSTAINABILITY, IN THE LONG-TERM. THROUGHOUT THE INVESTMENT PERIOD, NEW PROFIT ALSO INVITES GRANTEE-PARTNERS AND ALUMNI TO TAKE PART IN CONVENINGS THAT BRING TOGETHER PEER ORGANIZATIONS, FIELD EXPERTS, AND PHILANTHROPIC PLAYERS FROM ACROSS OUR NATIONAL NETWORK. FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: ECOSYSTEM BUILDING AND POLICY OUR ECOSYSTEM BUILDING EFFORTS ENGAGE SOCIAL ENTREPRENEURS, POLICYMAKERS, PHILANTHROPISTS, AND OTHER NATIONAL AND LOCAL STAKEHOLDERS TO TRANSFORM HOW GOVERNMENT AND PHILANTHROPY THINK ABOUT HOW TO COLLECTIVELY PURSUE SOCIAL CHANGE AND ALLOCATE RESOURCES. THROUGH THIS WORK, WE LEVERAGE DEEP INSIGHTS OF SOCIAL INNOVATORS IN OUR COMMUNITY TO INFLUENCE HOW RESOURCES FLOW IN THE SECTOR TO HELP REMOVE BARRIERS TO SUSTAINED SOCIAL PROGRESS. THE WELL - NEW PROFIT'S BI-ANNUAL COMMUNITY GATHERING OF SOCIAL ENTREPRENEURS, ECOSYSTEM BUILDERS, PHILANTHROPISTS, AND OTHER SOCIAL IMPACT LEADERS IS DESIGNED TO CREATE AND NOURISH AN UNPRECEDENTED MULTIRACIAL, INTERGENERATIONAL, CROSS-SECTOR COALITION FOR CHANGE - THE M.I.C.. LAUNCHED IN 2022, THE EVENT, WHICH BRINGS TOGETHER OVER 450 MEMBERS OF THE MIC FACILITATES COLLABORATIVE LEARNING IN SERVICE OF DRIVING GREATER IMPACT AS INDIVIDUALS AND AS A COMMUNITY. THE WELL CREATES INTENTIONAL AND ORGANIC OPPORTUNITIES TO CONNECT ACROSS IDENTITY MARKERS IN MEANINGFUL, ACTION-ORIENTED WAYS THROUGH SPACES AND ACTIVITIES FOCUSED ON WELLBEING, HEALING, AND COALITION-BUILDING. POSTSECONDARY INNOVATIONS FOR EQUITY (2020-2025) LAUNCHED IN 2020 TO SUPPORT INNOVATORS THAT ARE BUILDING EVIDENCE BEHIND NEW APPROACHES TO CONNECTING YOUNG ADULTS FROM LOW-INCOME COMMUNITIES WITH THE POSTSECONDARY CREDENTIALS AND WORK EXPERIENCE NEEDED TO ACCESS UPWARDLY MOBILE CAREERS. AN INITIATIVE OF LEARN TO EARN, NEW PROFIT'S POSTSECONDARY AND CAREER STRATEGY, PIE IS A TWO-PHASE EFFORT. THE FIRST 20 GRANTEE-PARTNERS WERE ELIGIBLE FOR THE SECOND PHASE OF THE PIE INITIATIVE IN WHICH SELECTED ORGANIZATIONS EACH RECEIVED $1M+ BUILD INVESTMENTS FROM NEW PROFIT OVER FOUR YEARS TO FURTHER ADVANCE AND SCALE THEIR IMPACT. THROUGH THE EARLY CHILDHOOD SUPPORT ORGANIZATION (ECSO) INITIATIVE, WE ARE WORKING TO PROVIDE RESOURCES AND ALIGN FINANCIAL INCENTIVES TO SUPPORT BETTER EARLY EDUCATION OUTCOMES FOR CHILDREN FROM LOW-INCOME COMMUNITIES. ECSO IS A $20M PUBLIC-PRIVATE PARTNERSHIP BETWEEN NEW PROFIT AND THE COMMONWEALTH OF MASSACHUSETTS DEPARTMENT OF EARLY EDUCATION AND CARE (EEC). THE INITIATIVE BACKS ECSOS, WHICH WILL SERVE AS INTERMEDIARY ORGANIZATIONS THAT PARTNER WITH LOCAL CENTER AND FAMILY-BASED EARLY CHILDHOOD PROVIDERS TO HELP THEM IMPLEMENT EVIDENCE-BASED STRATEGIES TO ACHIEVE HIGHER-QUALITY PROGRAM DELIVERY AND LONG-TERM IMPACT. AMERICA FORWARD IS NEW PROFIT'S DC-BASED, NONPARTISAN POLICY INITIATIVE THAT UNITES SOCIAL ENTREPRENEURS WITH POLICYMAKERS TO TRANSFORM LOCAL IMPACT INTO NATIONAL CHANGE. AMERICA FORWARD ENGAGES A COALITION OF OVER 100 SOCIAL INNOVATION ORGANIZATIONS THAT ARE ACHIEVING MEASURABLE OUTCOMES IN MORE THAN 15,000 COMMUNITIES NATIONWIDE. TOGETHER, THEY CHAMPION A PUBLIC POLICY AGENDA THAT FOSTERS INNOVATION, REWARDS RESULTS, AND CATALYZES CROSS-SECTOR PARTNERSHIPS IN EDUCATION, EARLY CHILDHOOD, WORKFORCE DEVELOPMENT, YOUTH DEVELOPMENT, AND POVERTY ALLEVIATION. COALITION ORGANIZATIONS HAVE LEVERAGED $1.9 BILLION FOR SOCIAL INNOVATION AND HAVE DRIVEN MILLIONS OF FEDERAL RESOURCES TOWARD PROGRAMS THAT ARE ACHIEVING MEASURABLE RESULTS FOR THOSE WHO NEED THEM MOST. FORM 990, PART VI, SECTION A, LINE 4 NEW PROFIT'S CURRENT BYLAWS WERE RESTATED TO BETTER REFLECT THE CURRENT STATE OF THE LAW AND BEST PRACTICES. THE SUBSTANCE OF THE GOVERNANCE PROVISIONS REMAINS LARGELY UNCHANGED, WITH A FEW EXCEPTIONS: 1. THE ANNUAL MEETING MAY OCCUR WHENEVER THE BOARD CHOOSES, AS OPPOSED TO ON A PARTICULAR DATE IN MAY AS SPECIFIED IN THE CURRENT BYLAWS. 2. IN ORDER TO PROVIDE THE BOARD WITH MAXIMUM FLEXIBILITY IN CONDUCTING ITS MEETINGS, THE 7-DAY NOTICE REQUIREMENT FOR REGULAR BOARD MEETINGS WAS REMOVED. SPECIAL BOARD MEETINGS REQUIRE ADVANCE NOTICE OF 24 HOURS IF COMMUNICATED ELECTRONICALLY, OR 48 HOURS IF MAILED. 3. THE MINIMUM NUMBER OF DIRECTORS HAS BEEN INCREASED FROM TWO TO THREE. FOR PROVISIONS RELATED TO THE PROTECTION OF THE BOARD AND MANAGEMENT, ARTICLE IV REGARDING INDEMNIFICATION AND SECTION 5.2 REGARDING PERSONAL LIABILITY WERE MODIFIED. FORM 990, PART VI, SECTION B, LINE 11B CERTAIN EMPLOYEES OF THE ORGANIZATION REVIEW THE FORM 990 PRIOR TO THE FILING. IN ADDITION, THE FULL FORM 990 WAS REVIEWED BY NEW PROFIT'S FINANCE COMMITTEE BEFORE BEING FILED WITH THE IRS. A FULL COPY OF THE 990 WAS EMAILED TO THE ENTIRE BOARD PRIOR TO ITS FILING. 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 AND 2011. ALL NEW DIRECTORS ARE GIVEN A COPY OF THE POLICY WHEN THEY ARE VOTED ONTO THE BOARD. ALL BOARD MEMBERS ARE ALSO REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AND PROVIDE ANNUAL CONFLICT OF INTEREST SIGNOFFS IN THE FOURTH QUARTER OF THE YEAR. 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 CERTAIN MEMBERS OF NEW PROFIT'S EXECUTIVE TEAM (CO-CEOS VANESSA KIRSCH AND TULAINE MONTGOMERY, COO DOUG BORCHARD, AND PRESIDENT ELIZA GREENBERG) 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 WITH COMPARABLE ORGANIZATIONS, AN ASSESSMENT OF NEW PROFIT'S PERFORMANCE AGAINST GOALS FOR THE PREVIOUS FISCAL YEAR, AND PERFORMANCE ASSESSMENTS FOR EACH APPROPRIATE MEMBER OF THE EXECUTIVE TEAM, INCLUDING A SELF-ASSESSMENT. MANAGEMENT MEETS WITH THE COMPENSATION COMMITTEE TO DISCUSS THE MATERIAL PROVIDED. THE COMPENSATION COMMITTEE THEN MEETS INDEPENDENTLY TO DETERMINE COMPENSATION. COMPENSATION FOR THE CFO IS DETERMINED BY MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE PROVIDED UPON REQUEST AND IN ACCORDANCE WITH APPLICABLE STATES AND FEDERAL LAWS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 3,164,081. MANAGEMENT AND GENERAL EXPENSES 700,521. FUNDRAISING EXPENSES 397,769. TOTAL EXPENSES 4,262,371. FORM 990, PART XI, LINE 9: CANCELLED COMMITMENTS RECEIVABLE -4,000,000. PROVISION FOR UNCOLLECTIBLE COMMITMENTS -873,062. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.