Civic Intelligence

New Schools Fund

990 • Fiscal year 2017 • EIN 94-3281780

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 13, 2018

Organization ProfileWWW.NEWSCHOOLS.ORG
1616 Franklin Street 2nd FloorOakland, CA 94612

(415) 615-6860

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.02x

Higher debt load relative to assets than 14% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

7th percentile

0.02x

Higher debt load relative to revenue than 7% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Net Margin

47th percentile

2.4%

Higher net margin than 47% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

74th percentile

$556,149

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2017

Asset Growth

15th percentile

-2.9%

Faster asset growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-61%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$38,487,864

Down $1,151,493 (-2.9%) from 2016

Net Assets

Up

$37,602,792

Up $335,084 (+0.9%) from 2016

Liabilities

Down

$885,072

Down $1,486,577 (-63%) from 2016

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin47th percentile

Revenue

Down

$36,577,155

Down $58,350,219 (-61%) from 2016

Expenses

Down

$35,697,020

Down $55,838,298 (-61%) from 2016

Net Income

Down

$880,135

Down $2,511,921 (-74%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2017

Assets$38,487,864
Liabilities$885,072
Net Assets$37,602,792
Open 2017 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$36,577,155
Expenses$35,697,020
Net Income$880,135
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 13, 2018
Return Version
2017v2.3
Gross Receipts
$80,306,083
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 in Publicly Traded Securities$2,971,507$12,555,145▲ $9,583,638
Investments Program Related$13,493,167$12,402,267▼ $1,090,900
Savings and Temporary Cash Investments$16,784,422$11,746,613▼ $5,037,809
Cash and Non-Interest-Bearing Accounts$5,431,927$892,189▼ $4,539,738
Accounts Receivable$25,910$419,078▲ $393,168
Land, Buildings, and Equipment, Net$471,575$354,208▼ $117,367
Pledges and Grants Receivable$333,667--
Prepaid Expenses and Deferred Charges$54,432$55,614▲ $1,182
Total Assets$39,639,357$38,487,864▼ $1,151,493
Other Assets Total$72,750$62,750▼ $10,000
Liabilities
Accounts Payable and Accrued Expenses$364,471$628,566▲ $264,095
Grants Payable$1,988,699$225,000▼ $1,763,699
Deferred Revenue$18,479$31,506▲ $13,027
Total Liabilities$2,371,649$885,072▼ $1,486,577
Net Assets / Fund Balance
Unrestricted Net Assets$26,639,471$34,179,349▲ $7,539,878
Temporarily Rstr Net Assets$10,628,237$3,423,443▼ $7,204,794
Total Net Assets Fund Balance$37,267,708$37,602,792▲ $335,084
Total Liabilities and Net Assets / Fund Balance$39,639,357$38,487,864▼ $1,151,493

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$223,521$191,224$414,745
Leasehold Improvements$90,089$41,970$132,059
Other Land Buildings$40,598$25,485$66,083
Investment Program Related Org$10,685,577--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacey ChildressChief Executive OfficerFT$378,394$177,755$556,149
Deborah McgriffManaging PartnerFT$263,788$51,861$315,649
Meghan AmrofellChief Operating OfficerFT$216,481$69,890$286,371
Frances MessanoManaging PartnerFT$210,190$61,116$271,306
Scott BensonManaging PartnerFT$194,620$71,537$266,157
Tonika Cheek ClaytonManaging PartnerFT$181,450$68,807$250,257
Deborah VeneyDirector of CommunicationsFT$187,434$59,322$246,756
Arielle KinderPartnerFT$177,898$51,266$229,164
Amy OmandDirector of FinanceFT$139,531$46,823$186,354
Ruth RichersonDirector of DevelopmentFT$114,895$42,342$157,237
Mark BooneDevelopment Officer (thru 06/17)FT$133,086$7,868$140,954
Elizabeth ArneyPartner (thru 06/17)FT$122,762$12,990$135,752

Board Members and Trustees

NameTitle
Brook ByersBoard Member
Christopher GabrieliBoard Member
Kim SmithBoard Member
Lisette NievesBoard Member
Paula SneedBoard Member
Rob StavisBoard Member
L John Doerr IiiBoard Member (thru 05/17)
Laurene Powell JobsBoard Member (thru 05/17)
Jon SacklerBoard Member (thru 10/17)

Highest Paid Contractors

ContractorServicesLocationCompensation
Transcend INCProject Consulting159 LINCOLN AVENUE, Hastingsonhudson, NY 10706$1,268,977
WestedResearch Partnership4665 LAMPSON AVENUE, Los Alamitos, CA 90720-5139$908,500
Transforming EducationResearch Partnership115 BROAD STREET 4TH FLOOR, Boston, MA 02110$674,000
Cherry ProductionsEvent Production1140 GREEN STREET, San Francisco, CA 94109$463,388
Bellwether Education PartnersResearch Partnership517 BOSTON POST ROAD 171, Sudbury, MA 01776$431,356
Revenue and Support

Revenue Composition

Contributions and Grants
$35,891,445
Program Service Revenue
$324,642
Investment Income
$361,068
Other Revenue
$0
All Other Contributions
$35,891,445
Change in Net Assets
$880,135

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 Traded5$5,454,610Fair Market Value (FMV)
Total Noncash Contributions5$5,454,610-

Audited Revenue Reconciliation

Revenue per Audited Statements
$36,577,155
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-495,374
Total Revenue per Audited Statements
$36,081,781
Total Revenue per Form 990
$36,577,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$21,435,984
Other Expenses$8,309,558
Salaries, Compensation, and Employee Benefits$5,951,478
Total Fundraising Expense$1,018,328
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,170,984--$21,170,984
Fees for Services Other$3,936,399$61,845$156,976$4,155,220
Other Salaries and Wages$1,636,784$880,342$367,298$2,884,424
Current Officers, Directors, Trustees, and Key Employees$1,622,830$402,494$211,033$2,236,357
Occupancy-$440,375-$440,375
Other Employee Benefits$224,431$86,043$39,192$349,666
Other Expenses$1,984,571$340,533$150,016$340,533
Payroll Taxes$197,283$80,853$40,886$319,022
Information Technology$1,438$295,376$6,075$302,889
Travel$235,944$54,558$5,678$296,180
Advertising$155,690$102,068$7,043$264,801
Pension Plan Contributions$82,428$55,668$23,913$162,009
Foreign Grants$160,000--$160,000
Depreciation Depletion-$136,037-$136,037
Grants to Domestic Individuals$105,000--$105,000
Fees for Services Accounting-$77,420-$77,420
Conferences and Meetings$37,604$15,878$3,901$57,383
Office Expenses$5,368$43,174$6,317$54,859
Insurance-$18,275-$18,275
Interest$51$9,447-$9,498
Fees for Services Legal-$179-$179
Total Functional Expenses$31,556,805$3,121,887$1,018,328$35,697,020

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$35,746,697
Expenses per Audited Statements$35,697,020
Total Expenses per Form 990$35,697,020
Expenses Not Reported on Form 990$49,677
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Education Forward DcWashington, DC501(c)(3)Fiscal Sponsorship$2,025,129
Newark Charter School Fund IncNewark, NJ-Newark City Fund$791,667
Hiawatha AcademiesMinneapolis, MN501(c)(3)Innovative Schools$500,000
The Big Picture Company Inc Dba Big Picture LearningProvidence, RI501(c)(3)Innovative Schools$430,000
New Teacher Project IncBrooklyn, NY501(c)(3)Edge$382,000
Purdue Polytechnical High SchoolIndianapolis, IN501(c)(3)Innovative Schools$380,000
Ignite Achievement AcademyIndianapolis, IN501(c)(3)Innovative Schools$355,000
Growth Public SchoolsSacramento, CA501(c)(3)Innovative Schools$325,000
Latinos for EducationBelmont, MA501(c)(3)Diverse Leaders$310,000
Dallas Independent School DistrictDallas, TX501(c)(3)Innovative Schools$302,500
Social Good FundRichmond, CA501(c)(3)Innovative Schools$300,000
Spring Branch Independent School DistrictHouston, TX501(c)(3)Innovative Schools$300,000
Teachers Who PrayChicago, IL501(c)(3)Edge$285,000
Grimmway SchoolsShafter, CA501(c)(3)Innovative Schools$275,000
Citizens of the World Charter SchoolsLos Angeles, CA501(c)(3)Innovative Schools$260,000
OurschoolsBeverly, MA501(c)(3)Innovative Schools$260,000
Education First Consulting LLCSeattle, WA-Ed Tech$250,000
Great School PartnershipsPortland, ME-Ed Tech$250,000
Mobile Area Education Foundation Public SchoolsMobile, AL-Innovative Schools$250,000
Technology Access FoundationSeattle, WA501(c)(3)Innovative Schools$250,000
Wildflower FoundationMinneapolis, MN501(c)(3)Innovative Schools$250,000
Tulsa Legacy Charter SchoolTulsa, OK501(c)(3)Innovative Schools$218,000
Bluum IncBoise, ID501(c)(3)Innovative Schools$215,000
Camelback Ventures IncNew Orleans, LA501(c)(3)Innovative Schools$215,000
Chicago Collegiate Charter SchoolChicago, IL501(c)(3)Innovative Schools$215,000
Community Foundations of the Hudson ValleyPoughkeepsie, NY501(c)(3)Innovative Schools$215,000
Dc International SchoolWashington, DC501(c)(3)Innovative Schools$215,000
Excellent Schools New MexicoAlbuquerque, NM501(c)(3)Innovative Schools$215,000
Impact Public SchoolsSeattle, WA501(c)(3)Innovative Schools$215,000
Innovation SchoolsWalla Walla, WA501(c)(3)Innovative Schools$215,000
Latino Educational Equity PartnershipsSan Antonia, TX501(c)(3)Innovative Schools$215,000
Mundo Verde Bilingual Public Charter SchoolWashington, DC501(c)(3)Innovative Schools$215,000
National Alliance for Public Charter SchoolsWashington, DCSpring Branch IsdInnovative Schools$215,000
New Jersey Charter Schools AssociationHamilton, NJ501(c)(3)Innovative Schools$215,000
Oakland Public Education FundOakland, CA-Innovative Schools$215,000
Prime SchoolRedondo Beach, CA501(c)(3)Innovative Schools$215,000
Promise Public SchoolSan Jose, CA501(c)(3)Innovative Schools$215,000
Springfield Empowerment Zone PartnershipBoston, MA501(c)(3)Innovative Schools$215,000
Star AcademyBirmingham, AL501(c)(3)Innovative Schools$215,000
The Urban AssemblyNew York, NY501(c)(3)Innovative Schools$215,000
New Tech NetworkNapa, CA501(c)(3)Innovative Schools$210,000
Teton Science SchoolsJackson, WY501(c)(3)Innovative Schools$210,000
Bellwether Education PartnersSudbury, MA501(c)(3)Diverse Leaders$205,000
Education for ChangeOakland, CA501(c)(3)Innovative Schools$200,000
Innovateedu IncBrooklyn, NY501(c)(3)Ed Tech$187,500
Profound GentlemenCharlotte, NC-Diverse Leaders$180,000
Gestalt Community SchoolsMemphis, TN501(c)(3)Innovative Schools$175,000
Summit Public SchoolsRedwood City, CA501(c)(3)Edge$175,000
Conexion AmericasNashville, TN-Diverse Leaders$155,000
Education Leaders of ColorWhittier, CA501(c)(3)Diverse Leaders$155,000
Oakland Public Education FundOakland, CA-Diverse Leaders$155,000
Rise at WorkSan Diego, CA-Diverse Leaders$155,000
The Fellowshipbmec IncElkins Park, PA-Diverse Leaders$155,000
Van Ness Parent Teacher OrganizationWashington, DC501(c)(3)Innovative Schools$155,000
Dssv Inc Dba BrightwheelSan Francisco, CA501(c)(3)Ed Tech$150,000
Enome IncSan Mateo, CA501(c)(3)Ed Tech$150,000
Mind Research InstituteIrvine, CA-Ed Tech$150,000
Oxford Day AcademyMenlo Park, CA501(c)(3)Innovative Schools$150,000
PilotedChicago, IL501(c)(3)Innovative Schools$150,000
Pueblo Nuevo Education and Development GroupLos Angeles, CA501(c)(3)Innovative Schools$150,000
Regents of the University of ColoradoDenver, CO501(c)(3)Ed Tech$150,000
Alma Fuerte Public SchoolAltadena, CA501(c)(3)Innovative Schools$145,000
Third Future SchoolsColorado Springs, CO501(c)(3)Innovative Schools$145,000
Youthbuild Newark IncNewark, NJ501(c)(3)Innovative Schools$145,000
Rooted SchoolNew Orleans, LA501(c)(3)Innovative Schools$135,000
Codespark IncPasadena, CA501(c)(3)Ed Tech$130,000
Surge InstituteChicago, IL501(c)(3)Diverse Leaders$130,000
Branching MindsNew York, NY501(c)(3)Ed Tech$125,000
Enuma IncBerkeley, CA501(c)(3)Ed Tech$125,000
Nearpod IncAventura, FL501(c)(3)Ed Tech$125,000
Thrive Education FoundationSan Diego, CA-Innovative Schools$125,000
Gem Prep Nampa IncDeary, ID501(c)(3)Innovative Schools$120,500
Learning Genie IncCarlsbad, CA501(c)(3)Ed Tech$120,000
Waterford InstituteSandy, UT-Ed Tech$120,000
Appletree Institute for Education Innovation IncWashington, DC501(c)(3)Ed Tech$110,000
40 SchoolsNew Orleans, LA-Diverse Leaders$105,000
Barefoot Schoolhouse Consulting LLCLakeland, TN-Diverse Leaders$105,000
National Charter CollaborativeSeattle, WA501(c)(3)Diverse Leaders$105,000
Big Picture Twin CitiesMinneapolis, MN-Innovative Schools$100,000
Coded AcademyOakland, CASan Marcos CisdInnovative Schools$100,000
Kaymbu IncBoston, MA501(c)(3)Ed Tech$100,000
Kinems IncNew York, NY501(c)(3)Ed Tech$100,000
Mawi IncElmhurst, IL-Ed Tech$100,000
Reasoning Mind IncHouston, TX-Ed Tech$100,000
Timocco IncAkron, OH501(c)(3)Ed Tech$100,000
Vocalid IncBelmont, MA501(c)(3)Ed Tech$100,000
Zyrobotics LLCAtlanta, GA501(c)(3)Ed Tech$100,000
Colorado League of Charter SchoolsDenver, CO501(c)(3)Innovative Schools$88,413
Detroit Achievement Academy FoundationDetroit, MIEdgecombe County PsInnovative Schools$82,500
Ops360New Orleans, LA501(c)(3)Diverse Leaders$80,000
TeachlyNew York, NY-Ed Tech$80,000
Zest EducationSt Louis, MO-Innovative Schools$75,000
Friends of Excel Academy Charter SchoolEast Boston, MA501(c)(3)Innovative Schools$68,000
Beeline ReaderWoodside, CA501(c)(3)Ed Tech$65,000
Education Modified LLCBoston, MA501(c)(3)Ed Tech$65,000
ExceptionallyAtlanta, GA501(c)(3)Ed Tech$65,000
Itherapy LLCMartinez, CA501(c)(3)Ed Tech$65,000
Lifted IncBerkeley, CADallas Ind SdEd Tech$65,000
Cognitive Toybox IncBrooklyn, NY501(c)(3)Ed Tech$60,000
Great Schools IncOakland, CA501(c)(3)Ed Tech$60,000
Mindful Inc Dba SparklerNew York, NY-Ed Tech$60,000
Families EmpoweredHouston, TX501(c)(3)Edge$50,000
Foundation Preparatory Charter SchoolNew Orleans, LA-Innovative Schools$50,000
Foundation for Tulsa SchoolsTulsa, OK501(c)(3)Innovative Schools$50,000
Future Educational Consulting LLC Dba Truenorth Education PartnersCarlton, MN501(c)(3)Innovative Schools$50,000
High School for Recording Arts Dba Studio 4Saint Paul, MN501(c)(3)Innovative Schools$50,000
Kipp Houston Public SchoolsHouston, TX501(c)(3)Innovative Schools$50,000
Marin County Office of EducationSan Rafael, CA-Innovative Schools$50,000
Story Bridges Dba Story for AllSunol, CA501(c)(3)Innovative Schools$50,000
The ExploratoryLos Angeles, CA501(c)(3)Innovative Schools$50,000
Yes Prep Public SchoolsHouston, TX501(c)(3)Innovative Schools$50,000
Dreams KcKansas City, MO501(c)(3)Innovative Schools$34,775
CambiarSan Diego, CAMarin County Off EduDiverse Leaders$30,000
America AchievesNew York, NY501(c)(3)Innovative Schools$25,000
Bard High School Early CollegeNew York, NY501(c)(3)Innovative Schools$25,000
Brooklyn Navy Yard Development CorpBrooklyn, NY501(c)(3)Innovative Schools$25,000
Catholic School Region of ManhattanNew York, NY501(c)(3)Innovative Schools$25,000
Chicago International Charter SchoolChicago, IL501(c)(3)Innovative Schools$25,000
Collegiate AcademiesNew Orleans, LA501(c)(3)Innovative Schools$25,000
Edgecombe County Public SchoolsTarboro, NC501(c)(3)Innovative Schools$25,000
Ednovate IncLos Angeles, CA501(c)(3)Innovative Schools$25,000
San Marcos CisdSan Marcos, TX501(c)(3)Innovative Schools$25,000
Strive Preparatory SchoolsDenver, CO501(c)(3)Innovative Schools$25,000
Intrinsic SchoolsChicago, IL-Diverse Leaders$10,000
Chiefs for ChangeWashington, DC-Diverse Leaders$5,000
Tennessee Charter School CenterNashville, TN-Diverse Leaders$5,000

International Summary

Offices
0
Employees
0
Spending
$160,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaGrantmaking-00$80,000
Europe (including Iceland & Greenland)Grantmaking-00$80,000
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
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 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 director of finance for her review. The director of finance will then forward the form 990 to the coo for her 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 encourages the board of directors to review the form 990 and to forward any questions to her. 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
Stacey Childress
Title
CEO
Phone
4156156860
Signed
2018-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacey Childress
Formed
1998
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
6
Employees
39
Volunteers
9

Preparer

Firm
Armanino Llp
Address
12657 ALCOSTA BLVD STE 500, SAN RAMON, CA 94583-4600
Preparer
Katy Brown
Phone
9257902600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 3,936,399. Management and general expenses 61,845. Fundraising expenses 156,976. Total expenses 4,155,220.”

Financial Statement Notes

PART X, LINE 2:

“Newschools has been granted tax-exempt status by the internal revenue service under internal revenue code (irc) section 501(c)(3) and california revenue and taxation codes and accordingly, is exempt from income taxes on related business income. Contributions to newschools are deductible for income tax purposes under irc section 170(b)(1)(a). Newschool'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 newschools' tax positions and concluded that newschools 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. Newschools is no longer subject to income tax examinations by federal and state tax authorities for tax years before 2013.”

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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt080853
IRS990/PayrollTaxesGrp/ProgramServicesAmt0197283
IRS990/PayrollTaxesGrp/TotalAmt0319022
IRS990/PensionPlanContributionsGrp/FundraisingAmt023913
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt055668
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt082428
IRS990/PensionPlanContributionsGrp/TotalAmt0162009
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0333667
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt054432
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt055614
IRS990/PrincipalOfficerNm0STACEY CHILDRESS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/Desc1NET PRI INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0479851
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-155209

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,487,864
Liabilities
$885,072
Net assets
$37,602,792
Revenue
$36,577,155
Expenses
$35,697,020
Net income
$880,135
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
2017Detailed filing. Detailed filing data is available for this year.$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