Civic Intelligence

New Schools Fund

EIN 94-3281780 • 501(c)3 • Oakland, CA

Profile

To improve public education by identifying and supporting the most promising education ventures in the country, and creating a nationwide network of education entrepreneurs committed to closing the achievement gap.

1616 Franklin Street 2nd FloorOakland, CA 94612

www.newschools.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

17th percentile

0.02x

Higher debt load relative to assets than 17% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

12th percentile

0.04x

Higher debt load relative to revenue than 12% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$534,315

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

54th percentile

6.8%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-15%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$70,939,482

Up $4,546,062 (+6.8%) from 2023

Liabilities

Down

$1,715,111

Down $733,164 (-30%) from 2023

Net Assets

Up

$69,224,371

Up $5,279,226 (+8.3%) from 2023

Operations
Liabilities / Revenue12th percentileNet Margin69th percentile

Revenue

Down

$41,832,970

Down $7,236,529 (-15%) from 2023

Expenses

Down

$36,108,555

Down $18,411,640 (-34%) from 2023

Net Income

Up

$5,724,415

Up $11,175,111 (+205%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth54th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $54,129,733Liabilities 2011: $3,369,424Net Assets 2011: $50,760,3092011Assets 2012: $41,798,031Liabilities 2012: $2,639,757Net Assets 2012: $39,158,2742012Assets 2013: $48,598,080Liabilities 2013: $3,132,995Net Assets 2013: $45,465,0852013Assets 2014: $41,671,976Liabilities 2014: $4,153,868Net Assets 2014: $37,518,1082014Assets 2015: $37,959,589Liabilities 2015: $892,951Net Assets 2015: $37,066,6382015Assets 2016: $39,639,357Liabilities 2016: $2,371,649Net Assets 2016: $37,267,7082016Assets 2017: $38,487,864Liabilities 2017: $885,072Net Assets 2017: $37,602,7922017Assets 2018: $44,604,194Liabilities 2018: $1,592,166Net Assets 2018: $43,012,0282018Assets 2019: $55,916,420Liabilities 2019: $883,465Net Assets 2019: $55,032,9552019Assets 2020: $79,742,823Liabilities 2020: $1,825,951Net Assets 2020: $77,916,8722020Assets 2021: $55,397,321Liabilities 2021: $1,398,017Net Assets 2021: $53,999,3042021Assets 2022: $72,482,557Liabilities 2022: $3,913,596Net Assets 2022: $68,568,9612022Assets 2023: $66,393,420Liabilities 2023: $2,448,275Net Assets 2023: $63,945,1452023Assets 2024: $70,939,482Liabilities 2024: $1,715,111Net Assets 2024: $69,224,3712024

Highlighted filing

2024

Assets$70,939,482
Liabilities$1,715,111
Net Assets$69,224,371
Open 2024 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MRevenue 2011: $23,859,569Expenses 2011: $25,496,641Net Income 2011: -$1,637,0722011Expenses 2012: $28,669,7872012Revenue 2013: $30,864,982Expenses 2013: $24,511,328Net Income 2013: $6,353,6542013Revenue 2014: $23,611,374Expenses 2014: $31,685,370Net Income 2014: -$8,073,9962014Revenue 2015: $56,176,269Expenses 2015: $54,355,742Net Income 2015: $1,820,5272015Revenue 2016: $94,927,374Expenses 2016: $91,535,318Net Income 2016: $3,392,0562016Revenue 2017: $36,577,155Expenses 2017: $35,697,020Net Income 2017: $880,1352017Revenue 2018: $39,455,453Expenses 2018: $35,278,239Net Income 2018: $4,177,2142018Revenue 2019: $56,208,683Expenses 2019: $43,566,897Net Income 2019: $12,641,7862019Revenue 2020: $65,331,687Expenses 2020: $42,336,876Net Income 2020: $22,994,8112020Revenue 2021: $41,218,694Expenses 2021: $46,697,486Net Income 2021: -$5,478,7922021Revenue 2022: $74,508,851Expenses 2022: $59,432,356Net Income 2022: $15,076,4952022Revenue 2023: $49,069,499Expenses 2023: $54,520,195Net Income 2023: -$5,450,6962023Revenue 2024: $41,832,970Expenses 2024: $36,108,555Net Income 2024: $5,724,4152024

Highlighted filing

2024

Revenue$41,832,970
Expenses$36,108,555
Net Income$5,724,415
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$70,939,482
Liabilities
$1,715,111
Net assets
$69,224,371
Revenue
$41,832,970
Expenses
$36,108,555
Net income
$5,724,415
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$70.9$1.72$69.2$41.8$36.1$5.72
2023Summary only. Only limited summary data is available for this year.$66.4$2.45$63.9$49.1$54.5$5.45
2022Summary only. Only limited summary data is available for this year.$72.5$3.91$68.6$74.5$59.4$15.1
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.4$1.40$54.0$41.2$46.7$5.48
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.7$1.83$77.9$65.3$42.3$23.0
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.9$0.88$55.0$56.2$43.6$12.6
2018Summary only. Only limited summary data is available for this year.$44.6$1.59$43.0$39.5$35.3$4.18
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.5$0.89$37.6$36.6$35.7$0.88
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.6$2.37$37.3$94.9$91.5$3.39
2015Detailed filing. Detailed filing data is available for this year.$38.0$0.89$37.1$56.2$54.4$1.82
2014Summary only. Only limited summary data is available for this year.$41.7$4.15$37.5$23.6$31.7$8.07
2013Detailed filing. Detailed filing data is available for this year.$48.6$3.13$45.5$30.9$24.5$6.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.8$2.64$39.2$28.7
2011Summary only. Only limited summary data is available for this year.$54.1$3.37$50.8$23.9$25.5$1.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 3, 2025
Return Version
2024v5.2
Gross Receipts
$71,943,163
Mission and Program Overview

Mission

To improve public education by identifying and supporting the most promising education ventures in the country, and creating a nationwide network of education entrepreneurs committed to closing the achievement gap.

New schools fund's mission is to improve public education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$36,318,455$36,939,542▲ $621,087
Pledges and Grants Receivable$20,759,942$26,590,502▲ $5,830,560
Investments Program Related$5,968,227$5,371,457▼ $596,770
Accounts Receivable$393,051$559,733▲ $166,682
Prepaid Expenses and Deferred Charges$179,079$425,233▲ $246,154
Land, Buildings, and Equipment, Net$244,830$336,677▲ $91,847
Cash and Non-Interest-Bearing Accounts$1,162,541$250,000▼ $912,541
Total Assets$66,393,420$70,939,482▲ $4,546,062
Other Assets Total$1,367,295$466,338▼ $900,957
Liabilities
Accounts Payable and Accrued Expenses$882,661$1,227,756▲ $345,095
Other Liabilities$1,440,614$487,355▼ $953,259
Grants Payable$125,000$0▼ $125,000
Total Liabilities$2,448,275$1,715,111▼ $733,164
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,928,509$36,589,532▲ $15,661,023
Net Assets Without Donor Restrictions$43,016,636$32,634,839▼ $10,381,797
Total Net Assets Fund Balance$63,945,145$69,224,371▲ $5,279,226
Total Liabilities and Net Assets / Fund Balance$66,393,420$70,939,482▲ $4,546,062

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$336,677$156,219$492,896
Investment Program Related Org$5,176,649--
Other Securities$17,037,542--
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frances MessanoCEOFT$456,245$78,070$534,315
Christopher LozierChief Operating Officer/trFT$282,336$75,516$357,852
Heather McmanusChief People OfficerFT$294,882$60,120$355,002
Delicia JonesChief Strategy Officer/secFT$287,872$64,055$351,927
Mia HowardManaging PartnerFT$256,800$64,648$321,448
Cameron WhitePartnerFT$224,100$67,718$291,818
Maggie AndrewsDirector, DevelopmentFT$212,056$77,947$290,003
Natalie WilsonPartner, Equitable InvestiFT$212,520$62,778$275,298
Jason AtwoodDirector, Research & LearnFT$215,016$58,401$273,417
Jessica HenryDirector, OperationsFT$202,176$67,784$269,960
Wendy Ann Dixon-duboisDirector, CommunicationsFT$211,344$54,059$265,403

Board Members and Trustees

NameTitle
Cori DuncanBoard Chair
Angel MoralesBoard Member
Brook ByersBoard Member
Charlie WolfsonBoard Member
Ime ArchibongBoard Member
Kim SmithBoard Member
Lisette NievesBoard Member
Michelle BoyersBoard Member
Paula SneedBoard Member
Stacey ChildressBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Enterprise Events GroupEvents Consulting950 NORTHGATE DRIVE STE 100, San Rafael, CA 94903$1,489,240
Catalyst EducationProject Consulting612 ANDREW HIGGINS BLVD, New Orleans, LA 70130$772,100
Bellwether Education PartnersProject Consulting517 BOSTON POST ROAD 171, Sudbury, MA 01776$542,677
NweaProject ConsultingPO BOX 2745, Portland, OR 97208$291,231
Your Part-time Controller LLCAccounting Services1600 MARKET STREET SUITE 3425, Philadelphia, PA 19103$258,910
Revenue and Support

Revenue Composition

Contributions and Grants
$40,294,988
Program Service Revenue
$0
Investment Income
$1,527,689
Other Revenue
$10,293
All Other Contributions
$40,010,772
Change in Net Assets
$5,724,415

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$8,933,454Publicly Traded Exchange
Total Noncash Contributions2$8,933,454-

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,832,970
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-445,189
Total Revenue per Audited Statements
$41,387,781
Total Revenue per Form 990
$41,832,970
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$19,443,097
Salaries, Compensation, and Employee Benefits$8,821,694
Other Expenses$7,843,764
Total Fundraising Expense$782,832
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$19,443,097--$19,443,097
Other Salaries and Wages$3,534,900$1,043,318$430,785$5,009,003
Fees for Services Other$2,984,922$504,947$5,596$3,495,465
Current Officers, Directors, Trustees, and Key Employees$1,561,570$463,782$187,010$2,212,362
Other Expenses$1,931,553$252,929$321$2,184,803
Other Employee Benefits$507,762$203,665$76,403$787,830
Occupancy$29,278$704,729$723$734,730
Payroll Taxes$333,712$93,177$37,328$464,217
Information Technology$32,335$423,333$2,522$458,190
Pension Plan Contributions$255,578$61,245$31,459$348,282
Travel$276,429$42,361$7,701$326,491
Advertising$219,663--$219,663
Conferences and Meetings$73,663$35,200$1,091$109,954
Fees for Services Accounting-$95,865-$95,865
Depreciation Depletion$25,083$61,129-$86,212
Office Expenses$31,207$28,777$1,893$61,877
Insurance-$35,893-$35,893
Interest-$23,362-$23,362
Fees for Services Legal-$11,259-$11,259
Total Functional Expenses$31,240,752$4,084,971$782,832$36,108,555

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$36,108,555
Total Expenses per Audited Statements$36,108,555
Total Expenses per Form 990$36,108,555
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fund for Public SchoolsSan Francisco, CA501(c)(3)Innovative Schools$701,250
Central Queens AcademyDenver, CO501(c)(3)Innovative Schools$322,500
Edgecombe County Public SchoolsSan Antonio, TX501(c)(3)Innovative Schools$315,000
Foust Gaming and Robotics School (guilford County Schools)Fairburn, GA501(c)(3)Innovative Schools$315,000
Radical Arts Academy DenverTrenton, NJEdgecombe County PubInnovative Schools$315,000
Chattacademy Community SchoolBrooklyn, NY501(c)(3)Innovative Schools$302,500
Excelsior Village Academies IncAtlanta, GA501(c)(3)Innovative Schools$285,000
Bedford Stuyvesant New Beginnings Charter SchoolsBainbridge Island, WA501(c)(3)Innovative Schools$272,500
Believe SchoolsChattanooga, TN501(c)(3)Innovative Schools$265,000
Capti - Charmtech Labs LLCNorthbrook, IL501(c)(3)Learning Solutions$250,000
CommunityshareMinneapolis, MN-Teaching Reimagined$250,000
Cultivating LiteracyAlbany, CA501(c)(3)Learning Solutions$250,000
Educate78 (dba Leadership for Liberation)Kansas City, MO501(c)(3)Diverse Leaders & Racial Equity$250,000
Education Evolving--Teaching Reimagined$250,000
Lead CollaborativeOakland, CA501(c)(3)Diverse Leaders & Racial Equity$250,000
Mcel (men of Color in Ed Leadership)Riverview, FL501(c)(3)Diverse Leaders & Racial Equity$250,000
Oko Labs IncDetroit, MI501(c)(3)Learning Solutions$250,000
Paloma Learning IncBuffalo, NY501(c)(3)Learning Solutions$250,000
Parent Power LabNew Rochelle, NY501(c)(3)Diverse Leaders & Racial Equity$250,000
Peerteach IncNew York, NY501(c)(3)Learning Solutions$250,000
Teaching LabWorcester, MA501(c)(3)Learning Solutions$250,000
The Ai Education Project (aiedu)San Jose, CA501(c)(3)Learning Solutions$250,000
The Assistments FoundationAlameda, CA501(c)(3)Learning Solutions$250,000
Timely SchoolsWashington, TX-Teaching Reimagined$250,000
Albuquerque Public SchoolsBrooklyn, NY501(c)(3)Innovative Schools$215,000
CopeCambridge, MAAlbuquerque Public SInnovative Schools$215,000
Education Partnership of the Permian BasinNew York, NYFelix Commonwealth VInnovative Schools$215,000
Ethos ClassicalSan Bernardino, CA501(c)(3)Innovative Schools$215,000
Felix Commonwealth Virtual SchoolIndianapolis, IN501(c)(3)Innovative Schools$215,000
Independence Schools of AlKilauea, HI501(c)(3)Innovative Schools$215,000
Kwenda Collegiate Girls Charter SchoolMidland, TX501(c)(3)Innovative Schools$215,000
Literacy Academy CollectiveAlbuquerque, NM501(c)(3)Innovative Schools$215,000
Namahana Education FoundationPhiladelphia, AL501(c)(3)Innovative Schools$215,000
Pathway AcademyNew York, NY501(c)(3)Innovative Schools$215,000
Philadelphia Middle College FoundationAtlanta, GA501(c)(3)Innovative Schools$215,000
Sledge InstituteNashville, TN501(c)(3)Innovative Schools$215,000
Texas A&m-san Antonio Institute for School and Community PartnershipsHenderson, NC501(c)(3)Innovative Schools$215,000
The Simple Vue AcademyFairfield, AL501(c)(3)Innovative Schools$215,000
Volunteer SchoolsBig Spring, TX501(c)(3)Innovative Schools$215,000
Western Youth Leadership Engagement and Empowerment SchoolMarietta, GA501(c)(3)Innovative Schools$215,000
10storySan Antonio, TX-Learning Solutions$200,000
Ai for EquityPalo Alto, CA-Learning Solutions$200,000
Ai-learnersSan Francisco, CA501(c)(3)Learning Solutions$200,000
Barbershop BooksNew York, NY-Learning Solutions$200,000
Bilingual GenerationNew York, NC-Learning Solutions$200,000
Celebrate DyslexiaVentnor City, NJ-Learning Solutions$200,000
Coursemojo IncPittsburgh, PA-Learning Solutions$200,000
Dyslexia Alliance for Black ChildrenBryn Mawr, PA501(c)(3)Learning Differences$200,000
EdlightWashington, DC-Learning Solutions$200,000
Joy Education FoundationAlexandria, VA-Learning Solutions$200,000
MathtalkNew York, NY-Learning Solutions$200,000
Navigate the Maze to Achievement IncBrooklyn, NY501(c)(3)Diverse Leaders & Racial Equity$200,000
OpenliteracyCambridge, MA-Learning Solutions$200,000
Project OnetenChicago, IL, Rq501(c)(3)Diverse Leaders & Racial Equity$200,000
Project Read AiDavis, CA-Learning Solutions$200,000
Relay GseWest Roxbury, MA-Teaching Reimagined$200,000
StrivedioDover, DE-Learning Solutions$200,000
TalkidoHouston, TX-Learning Solutions$200,000
The Urban AssemblyTucson, AZ-Teaching Reimagined$200,000
Advance Rural Education FoundationBessemer, AL501(c)(3)Innovative Schools$182,500
National Accelerator of Autism Charter SchoolsChevy Chase, MD501(c)(3)Learning Differences$175,000
Aventura Community SchoolJacksonville, FLGwinnett County BoarInnovative Schools$165,000
Becoming Collegiate AcademySuwanee, GA501(c)(3)Innovative Schools$165,000
Compass Rose HarvestAtlanta, GA501(c)(3)Innovative Schools$165,000
Dallas Education FoundationNashville, TN501(c)(3)Innovative Schools$165,000
Dekalb Brilliance AcademyDallas, TX501(c)(3)Innovative Schools$165,000
Gwinnett County Board of EducationNew York, NY501(c)(3)Innovative Schools$165,000
Nyc FirstSan Antonio, TX501(c)(3)Innovative Schools$165,000
The Anchor SchoolSanta Fe, NM501(c)(3)Innovative Schools$165,000
Thrive Community School FoundationNew York, NY501(c)(3)Innovative Schools$165,000
Vertex Partnership NetworkElmhurst, NY501(c)(3)Innovative Schools$165,000
Forte Preparatory AcademySeminole, MO501(c)(3)Innovative Schools$155,000
Empower Schools of AlabamaHouston, TXWashtenaw IntermediaInnovative Schools$151,250
Diverse Learners CooperativeSan Antonio, TX501(c)(3)Learning Differences$150,000
Gladeo IncBrentwood, TN501(c)(3)Learning Differences$150,000
Sankofa MontessoriHouston, TXGuilford County SchoInnovative Schools$141,250
St Louis Voices Academy of Media ArtsAtlanta, GA501(c)(3)Innovative Schools$141,250
Alabama Aerospace and Aviation Schools IncCasa Grande, LA501(c)(3)Innovative Schools$140,000
Casa Grande Union High School DistrictSt Louis, MO501(c)(3)Innovative Schools$140,000
Elevate Academy Foundation IncHelena, AL501(c)(3)Innovative Schools$136,500
Kindle Education Public Charter SchoolCaldwell, ID501(c)(3)Innovative Schools$131,250
South Shore Charter SchoolJersey City, NJ501(c)(3)Innovative Schools$127,500
The Opportunity TrustWarwick, MA501(c)(3)Innovative Schools$127,500
EarsightWashington, DC501(c)(3)Learning Solutions$125,000
A Unlimited PotentialSeattle, WACedar Rapids CommuniInnovative Schools$115,000
Aldine Independent School DistrictGreensboro, NC501(c)(3)Innovative Schools$115,000
Libertas School (libertas)Memphis, TN501(c)(3)Innovative Schools$115,000
The University of Memphis FoundationSt Louis, MOTown of WarwickInnovative Schools$115,000
Transcend IncMemphis, TN501(c)(3)Innovative Schools$115,000
Cascade Public SchoolsAnn Arbor, MI501(c)(3)Innovative Schools$114,000
Achievers Early College Prep Charter SchoolHenderson, NV501(c)(3)Innovative Schools$100,000
San Francisco Parent CoalitionOakland, CA, Rq501(c)(3)Diverse Leaders & Racial Equity$100,000
VimentiTarboro, NC501(c)(3)Innovative Schools$83,750
Intersection CollectiveSanta Monica, CA501(c)(3)Learning Differences$75,000
PathliticsCincinnati, OH501(c)(3)Learning Differences$75,000
Butler AcademyRed Lake, MN501(c)(3)Innovative Schools$65,000
City View Community High School (cedar Rapids Community School District)Hartsville, SC501(c)(3)Innovative Schools$65,000
Endazhi-nitaawiging the Place Where It GrowsElmhurst, NY501(c)(3)Innovative Schools$65,000
Citybridge Foundation--Teaching Reimagined$50,000
Warwick Community School (town of Warwick)Ronkonkoma, NY501(c)(3)Innovative Schools$40,000
Washtenaw Intermediate School DistrictCedar Rapids, IA501(c)(3)Innovative Schools$40,000
The Ability ChallengeNew York, NY501(c)(3)Learning Differences$30,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
St Lease Liability$487,355
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization's accounting firm will forward the form 990 to the finance director for review. The finance director will then forward the form 990 to the ceo and coo for review. The form 990 will then be shared with the audit committee for review and discussion. The form 990 is then distributed to the board of directors. The coo or ceo encourage the board of directors to review the form 990 and to forward any questions. The coo will address questions from the board of directors.”

Form 990, Part VI, Section B, Line 12C

“The organization requires that its officers, employees, and agents report any potential conflict of interest to the ceo, who reviews any such report with the full board of directors, which then makes a determination as to whether any such conflict exists. The board of directors documents any such determination in the minutes of the appropriate meetings of the board of directors and any directive pertaining thereto. Conflicts that relate to an investment decision requiring board approval result in the recusal of that individual from the recommendation and approval process.”

Form 990, Part VI, Section B, Line 15

“The organization obtained compensation studies from several independent sources to compile information used as a metric for salary increases across the organization, including the ceo and other executive management. The compensation committee, a subcommittee of the board of directors (bod), conducts the review of the ceo and develops a recommendation for the full bod. The formal performance evaluation and compensation decision is done in executive session. The ceo conducts performance reviews and sets compensation for the senior executives reporting to her.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and conflict of interest policy available to the public upon request. Financial statements are available to the public at all times on the organization's website.”

Filing and Contact Details

Filer

Filer Name
New Schools Fund
EIN
94-3281780
Phone
4156156860
Address
1616 FRANKLIN STREET 2ND FLOOR, OAKLAND, CA 94612
Doing Business As
Newschools Venture Fund

Signing Officer

Name
Delicia Jones
Title
COO
Phone
4156156860
Signed
2025-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Delicia Jones
Formed
1998
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
10
Employees
39
Volunteers
10

Preparer

Firm
Armanino Advisory LLC
Address
2700 CAMINO RAMON STE 350, SAN RAMON, CA 94583-5004
Preparer
Jennifer M Vacha
Phone
9257902600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization has been granted tax-exempt status by the internal revenue service under internal revenue code ("irc") section 501(c)(3) and california revenue and tax codes and accordingly, is exempt from income taxes on related business income. Contributions to the organization are deductible for income tax purposes under irc section 170(b)(1)(a). The organization's current accounting policy is to evaluate uncertain tax positions. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. Management evaluated the organization's tax positions and concluded that the organization had maintained its tax-exempt status and had taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements. The organization is no longer subject to income tax examinations by federal and state tax authorities for tax years before 2019.”

Raw XML AppendixShowing 400 of 1,863 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05843
IRS990/OtherRevenueTotalAmt05843
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0430785
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01043318
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03534900
IRS990/OtherSalariesAndWagesGrp/TotalAmt05009003
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt037328
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt093177
IRS990/PayrollTaxesGrp/ProgramServicesAmt0333712
IRS990/PayrollTaxesGrp/TotalAmt0464217
IRS990/PensionPlanContributionsGrp/FundraisingAmt031459
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt061245
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0255578
IRS990/PensionPlanContributionsGrp/TotalAmt0348282
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020759942
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt026590502

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