New America Foundation

“The board of directors may elect or appoint one or more committees (including but not limited to an executive committee) and may delegate to any such committee or committees any or all of their powers, provided that any committee to which the powers of the directors are delegated shall consist solely of directors. Unless the directors otherwise determine, an executive committee elected by the directors shall have the power to act for the full board of directors on all matters between meetings of the directors except for such matters as may be provided by law or the articles of incorporation.”

“The form 990 is reviewed by management and the audit/finance committee, and a copy is sent to the full board before it is signed by a member of the executive team and filed with the irs.”

“The policy and its application are reviewed annually for the information and guidance of officers, staff members, fellows, and board members, each of whom has a continuing responsibility to (a) scrutinize his or her transactions and outside business interests and relationships for potential conflicts and (b) make such disclosures as described herein. Each new america officer, staff member, and fellow are asked to complete and sign a conflict of interest policy disclosure statement upon his or her employment, and on an annual basis thereafter. Each new america board member is be asked to complete and sign such a statement upon his or her election or reelection to the board, and annually thereafter.”

“The president/chief executive officer (ceo)'s compensation is reviewed and determined by the board of directors annually. New america completes a compensation study which includes the ceo (and other c level salaries) every 2-3 years. The organization is scheduled to begin another compensation study in 2019. Minutes form the executive committee meetings reflect the discussions and decisions, any changes, as well as status updates are reported at, and recorded in the minutes for the main board meeting. All staff salaries are determined by human resources in consultation with the respective program directors and reviewed and approved by the senior leadership team and/or the president/ceo. The most recent process was done in may 2018.”

“The organization makes its governing documents and financial statements available to the public upon request and on the website guidestar.org. The conflict of interest policy is available on new america's website.”

“Consultants: program service expenses 2,427,418. Management and general expenses 558,131. Fundraising expenses 60,000. Total expenses 3,045,549. Fellows: program service expenses 2,757,251. Management and general expenses 5,000. Fundraising expenses 0. Total expenses 2,762,251. Payroll processing fees: program service expenses 0. Management and general expenses 58,008. Fundraising expenses 0. Total expenses 58,008. Other professional fees: program service expenses 17,273. Management and general expenses 121,823. Fundraising expenses 2,045. Total expenses 141,141.”

“Loss on foreign currency exchange -26,867.”