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 asked to complete and sign such a statement upon his or her election or reelection to the board, and annually thereafter. A member of the operations team monitors compliance with this policy.”

“The chief executive officer's (ceo) 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 underwent a compensation study in 2021. Minutes from 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. In general, all staff salaries are determined by human resources in consultation with the respective program directors based on salary guidelines that have been developed out of the compensation review performed by cla in 2021. The salaries are reviewed and approved by the senior leadership team and/or the president/cto.”

“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.”

“Incubated in 2015 as a program within new america, techcongress evolved into a stand-alone nonprofit in the fall of 2021. On september 30, 2022 new america transferred techcongress' net assets totaling $1,243,591 to techcongress foundation.”

“Fellows: program service expenses 131,500. Management and general expenses 25,000. Fundraising expenses 0. Total expenses 156,500. Consultants & subcontractors: program service expenses 3,924,624. Management and general expenses 438,053. Fundraising expenses 28,267. Total expenses 4,390,944.”

“Loss on foreign currency exchange -6,764.”

“The process for oversight and selection of an independent accountant has not changed.”