2025-11-17T09:24:05-06:00 2024-12-31 381910111 UHY ADVISORS GREAT LAKES INC 27725 STANSBURY BLVD SUITE 210 FARMINGTON HILLS MI 48334 990 2024-01-01 383326860 THE NEW COMMON SCHOOL FOUNDATION NEWC 3133688580 6861 E NEVADA DETROIT MI 48234 W CLARK DURANT III PRESIDENT/TREASURER 3133688580 2025-11-16 1 1 STEVEN KATZMAN P00950685 2483550280 2025-11-16 2024 2025-03-06 01:10:19Z W CLARK DURANT III 6861 E NEVADA DETROIT MI 48234 7197675 0 X N/A X 1996 MI THE FOUNDATION'S PURPOSE IS TO EXPLORE THE PROMOTION OF EXCELLENCE IN EDUCATION, BOTH PUBLIC AND PRIVATE, WITH THE EXPANDED USE OF VOLUNTEERS AND TUTORS, THE DEVELOPMENT OF FUNDING SOURCES, THE TRANSFORMATION OF TEACHING AND LEARNING, THE FORMATION OF CHARACTER IN THE JESUIT TRADITION OF HOLINESS, AND SEEKING EFFORTS TO DEVELOP ONE OR ALL OF WHAT THE REV. DR. MARTIN LUTHER KING CALLED THE THREE DIMENSIONS OF THE COMPLETE LIFE, ALONE IN OR IN PARTNERSHIP WITH SECULAR AND RELIGIOUS ORDERS. FURTHER TO PROMOTE DIRECT GRANTS, CONTRIBUTIONS, LOANS AND/OR OTHER FUND ASSISTANCE TO LOCAL AND NATIONAL RELIGIOUS ORGANIZATIONS, NONPROFIT ORGANIZATIONS AND TO PUBLIC CHARTER SCHOOL MANAGEMENT COMPANIES TO ACCOMPLISH THE FOREGOING; AND TO RECEIVE AND ADMINISTER FUNDS FOR SUCH PURPOSES. 3 2 7 2 0 0 1712762 3838158 3052495 3159437 436956 200080 400 0 5202613 7197675 425150 2909467 0 0 1020099 1187206 0 0 236947 2767749 3199775 4212998 7296448 989615 -98773 45305392 44150067 9883945 8639556 35421447 35510511 X THE FOUNDATION'S PURPOSE IS TO EXPLORE THE PROMOTION OF EXCELLENCE IN EDUCATION, BOTH PUBLIC AND PRIVATE, WITH THE EXPANDED USE OF VOLUNTEERS AND TUTORS, THE DEVELOPMENT OF FUNDING SOURCES, THE TRANSFORMATION OF TEACHING AND LEARNING, THE FORMATION OF CHARACTER IN THE JESUIT TRADITION OF HOLINESS, AND SEEKING EFFORTS TO DEVELOP ONE OR ALL OF WHAT THE REV. DR. MARTIN LUTHER KING CALLED THE THREE DIMENSIONS OF THE COMPLETE LIFE, ALONE IN OR IN PARTNERSHIP WITH SECULAR AND RELIGIOUS ORDERS. FURTHER TO PROMOTE DIRECT GRANTS, CONTRIBUTIONS, LOANS AND/OR OTHER FUND ASSISTANCE TO LOCAL AND NATIONAL RELIGIOUS ORGANIZATIONS, NONPROFIT ORGANIZATIONS AND TO PUBLIC CHARTER SCHOOL MANAGEMENT COMPANIES TO ACCOMPLISH THE FOREGOING; AND TO RECEIVE AND ADMINISTER FUNDS FOR SUCH PURPOSES. 0 0 6465652 2909467 3159437 THE NEW COMMON SCHOOL FOUNDATION (THE FOUNDATION) IS HELPING TO RESEARCH, DEVELOP, CREATE, AND SUPPORT A NEW COMMON SCHOOL FOR PUBLIC SCHOOL STUDENTS. IT ALSO IS SEEKING TO SUPPORT LEARNINGS IN READING AND MATH INSTRUCTION WHILE ALSO HELPING TO CREATE CAREER OPPORTUNITIES FOR URBAN CHILDREN. THE FOUNDATION HAS WORKED TO PURCHASE, DEVELOP, AND/OR MAINTAIN HIGHER QUALITY LEARNING ENVIRONMENTS WHILE CREATING PARTNERSHIPS WITH THE CORNERSTONE EDUCATION GROUP TO ACHIEVE ITS COMPLETE LIFE MISSION TO SERVE 2,500 OR MORE STUDENTS IN THE CITY OF DETROIT. 6465652 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 32 0 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 3 2 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 MI X W CLARK DURANT III 5865300130 6861 E NEVADA DETROIT MI 48234 W CLARK DURANT III PRESIDENT/TREASURER 60.00 X X 475000 0 37172 CAROL MANSFIELD SECRETARY 0.50 X X 0 0 0 JEFFREY T NEILSON CHAIRMAN 0.50 X X 0 0 0 MARY ANN JOHNSON DIRECTOR OF FINANCE 40.00 X 171883 0 2157 646883 0 39329 2 0 1 0 THEODORE HART MECKE III 1058 AUDUBON RD GROSSE POINTE PARK MI 48230 FINANCIAL SERVICES 161158 1 3838158 3838158 MISSION RELATED REVENU 611430 3159437 3159437 3159437 200080 200080 7197675 3159437 0 200080 2896722 2896722 12745 12745 560013 448010 84002 28001 435662 234974 101980 98708 136230 81850 29188 25192 55301 30471 12719 12111 58400 8760 43800 5840 284392 284392 17904 17439 358 107 664117 664117 1222509 1222509 100215 63436 36779 CONTRACT SERVICES 415330 259832 126998 28500 MISCELLANEOUS 159545 83566 47703 28276 PROFESSIONAL FEES 139359 24077 106383 8899 REPAIRS & MAINTENANCE 99946 99946 38058 32806 3939 1313 7296448 6465652 593849 236947 1746854 1538591 1447935 2487763 886185 760903 300000 250000 2012207 342000 70257 40521 44764278 11193541 34757641 33570737 3401707 4659498 682606 500054 45305392 44150067 401375 272904 9482570 8366652 9883945 8639556 X 35421447 35510511 35421447 35510511 45305392 44150067 -98773 187837 0 X 0 1 X 1 0 X 840165 2357984 3837423 1712762 3838158 12586492 840165 2357984 3837423 1712762 3838158 12586492 5778493 6807999 11006 12004 48016 297373 200080 568479 13154971 0.51750 0.35600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 463652 X 2347188 2347188 34845214 8767342 26077872 7541676 2426199 5115477 30200 30200 33570737 X 7519806 322131 322131 7197675 0 7197675 7430742 134294 134294 7296448 0 7296448 PART III, LINE 4: ARTWORK TO BE DISPLAYED AT THE CORNERSTONE SCHOOLS TO SUPPORT THE MISSION OF THE FOUNDATION. PART X, LINE 2: THE ORGAINZATION HAS ADOPTED ASC GUIDANCE REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. A DETERMINATION IS MADE AS TO WHETHER IT IS MORE LIKELY THAN NOT THAT THE INCOME TAX POSITION WILL BE SUSTAINED, BASED ON TECHNICAL MERITS, UPON EXAMINATION BY THE TAXING AUTHORITIES. AT DECEMBER 31, 2024 THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON INTEREST RATE SWAP 1 SCHWAB CHARITABLE FUND 311640316 501 (C) (3) 75000 0 DONATION CORNERSTONE EDUCATION GROUP 270634528 501 (C) (4) 932761 0 SUPPORT URBAN CHILDREN DETROIT ASSOC OF BLACK ORGANIZATIONS 473081843 501 (C) (3) 30000 0 DONATION HARTFORD INTERNATIONAL UNIVERSITY FOR RELIGION & PEACE 060647016 501 (C) (3) 25000 0 DONATION JEFFERSON DOUGLAS ACADEMY 471201089 501 (C) (3) 502885 0 DONATION MADISON CARVER ACADEMY 611684134 501 (C) (3) 270168 0 DONATION PRO ECCLESIA SANCTA 300371107 501 (C) (3) 1000000 0 DONATION YOUTH MENTORING WORLDWIDE INC 463373660 501 (C) (3) 37848 0 SUPPORT URBAN CHILDREN KERI TERRANT 1 1300 DUSTIN QUARILLA 1 6500 DAVID BOLOGNA 1 2500 VINCENT NWANZE 1 1445 NICOLE WEBSTER 1 1000 PART I, LINE 2: DIRECT GRANTS ARE A SMALL PORTION OF THE FOUNDATION'S WORK. WHEN GRANTS ARE MADE, THE PRESIDENT REVIEWS THEM WITH THE GRANTEE ON AT LEAST A QUARTERLY BASIS TO ENSURE THE FUNDS ARE USED APPROPRIATELY AND EFFECTIVELY. 0 0 0 0 0 0 0 0 0 W CLARK DURANT III PRESIDENT/TREASURER 475000 0 0 0 0 0 37172 0 0 0 512172 0 0 0 MARY ANN JOHNSON DIRECTOR OF FINANCE 171883 0 0 0 0 0 2157 0 0 0 174040 0 0 0 CLARK DURANT PRESIDENT AND CEO SEE PART V X 300000 250000 0 1 1 250000 EMMAUS ROAD GROUP LLC SEE PART V 132500 SEE PART V 0 PART II, LINE C PURPOSE OF THE LOAN: TO ALLOW THE PRESIDENT TO MAKE CHARITABLE CONTRIBUTIONS IN 2014 PRIMARILY TO THE CORNERSTONE SCHOOLS ASSOCIATION. THE CONTRIBUTIONS TOTALED THE FULL AMOUNT OF THE LOAN. PART IV, LINE B CLARK DURANT, PRESIDENT OF THE NEW COMMON SCHOOL FOUNDATION, IS THEMANAGING DIRECTOR OF THE EMMAUS ROAD GROUP LLC, WHICH PROVIDES MISSIONRELATED CONSULTING SERVICES BEYOND THE SCOPE OF THE NEW COMMON SCHOOLFOUNDATION PRESIDENT'S ROLE PURSUANT TO A DONOR MISSION GIFT TO THEFOUNDATION. PART IV, LINE C CONSULTING SERVICES BEYOND THE SCOPE OF THE PRESIDENT'S ROLE. THE CONSULTING AGREEMENT WAS ORIGINALLY ENTERED INTO PURSUANT TO A LONG-TERM DONOR PLEDGE AGREEMENT BEGINNING IN 2014, WHICH REPLACED A PREVIOUS ANNUAL COMMITMENT. THESE LONG-TIME CONSULTING SERVICES INCLUDE BUT ARE NOT LIMITED TO EXPLORING WAYS TO ASSIST THE FOUNDATION'S MISSION. THE DONOR PLEDGE AGREEMENT REMAINS IN EFFECT WHILE CLARK DURANT IS EITHER PRESIDENT OR A DIRECTOR OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 2 LOAN TO CLARK DURANT, PRESIDENT AND TREASURER, BUSINESS TRANSACTIONS WITH EMMAUS ROAD GROUP LLC 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 AND FINANCE DIRECTOR CONDUCT AND ADDITIONAL REVIEW PRIOR TO PROVIDING THE 990 TO THE BOARD FOR REVIEW AND APPROVAL. AFTER THE 990 IS APPROVED BY THE BOARD, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, BOARD MEMBERS ARE REQUIRED TO DISCLOSE RELATIONSHIPS OR CONTRACTS THAT MAY BE VIEWED AS CONFLICTS OF INTEREST. IF A CONFLICT IS IDENTIFIED, A GROUP INDEPENDENT FROM THE BOARD REVIEWS THE CONFLICT AND PREPARES A RESPONSE FOR THE BOARD. THE RESPONSE IS REVIEWED BY THE ENTIRE BOARD WITH THE PERSON(S) WITH THE CONFLICT PROHIBITED FROM PARTICIPATING IN DECISIONS RELATED TO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 ON DECEMBER 13, 2018, THE FOUNDATION'S PRESIDENT AND THE NEW COMMON SCHOOL FOUNDATION BOARD ENTERED INTO A 10-YEAR EMPLOYMENT AGREEMENT. THE FOUNDATION FOLLOWED A THREE-STEP PROCESS TO DETERMINE THE PRESIDENT'S COMPENSATION. 1. THE BOARD ENGAGED A THIRD-PARTY NATIONALLY RECOGNIZED COMPENSATION CONSULTING FIRM. THE FIRM ASSESSED COMPARABLE COMPENSATION FOR SIMILARLY QUALIFED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE FIRM THEN RECOMMENDED THE APPROPRIATE COMPENSATION CONSISTENT WITH THEIR FINDINGS. 2. THE BOARD REVIEWED THE REPORT AND THE RECOMMENDATIONS MADE BY THE CONSULTING FIRM. 3. WITH THE PRESIDENT ABSTAINING, THE BOARD VOTED TO APPROVE THE COMPENSTAION RECOMMENDATIONS. THE RECOMMENDED AND APPROVED COMPENSATION WAS LOWER THAN THAT OF COMPARABLE EXECUTIVES IN SIMILAR ROLES AS IDENTIFIED IN THE CONSULTANTS REPORT. ANNUALLY, THE PRESIDENT'S SALARY IS REVIEWED AND APPROVED BY THE BOARD AS PART OF THE BUDGET APPROVAL PROCESS. AT THE NOVEMBER 5, 2024 BOARD MEETING THE BOARD, WITH CLARK DURANT ABSTAINING, AGREED TO EXTEND CLARK DURANT'S CONTRACT THROUGH DECEMBER 31, 2030. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANZIATION WILL PROVIDE ANY DOCUMENTS TO PUBLIC INSPECTION UPON REQUEST. CORNERSTONE EDUCATION GROUP 19900 MCINTYRE STREET DETROIT MI 48219 270634528 LOANS AND DONATIONS TO HELP SUPPORT STUDENTS TO LIVE A COMPLETE LIFE MI 501(C)(4) LINE 2 0 CORNERSTONE SCHOOLS ASSOCIATION 6861 E NEVADA DETROIT MI 48234 382995984 TO PROVIDE EDUCATIONAL PROGRAMS FOR THE BENEFIT OF STUDENTS MI 501(C)(3) LINE 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CORNERSTONE SCHOOLS ASSOCIATION C 1553594 CASH CORNERSTONE EDUCATION GROUP B 932761 CASH CORNERSTONE EDUCATION GROUP D 342000 CASH