Civic Intelligence

New Schools Fund

990 • Fiscal year 2018 • EIN 94-3281780

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 18, 2019

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

15th percentile

0.04x

Higher debt load relative to assets than 15% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

8th percentile

0.04x

Higher debt load relative to revenue than 8% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

57th percentile

$546,202

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Asset Growth

86th percentile

16%

Faster asset growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

59th percentile

7.9%

Faster revenue growth than 59% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets15th percentile

Assets

Flat

$44,604,194

Flat from 2018

Net Assets

Flat

$43,012,028

Flat from 2018

Liabilities

Flat

$1,592,166

Flat from 2018

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin68th percentile

Revenue

Flat

$39,455,453

Flat from 2018

Expenses

Flat

$35,278,239

Flat from 2018

Net Income

Flat

$4,177,214

Flat from 2018

Historical Trend

Balance Sheet Trend

Asset Growth86th 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 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

2018

Assets$44,604,194
Liabilities$1,592,166
Net Assets$43,012,028
Open 2018 Filing

Operations Trend

Revenue Growth59th 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 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

2018

Revenue$39,455,453
Expenses$35,278,239
Net Income$4,177,214
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 18, 2019
Return Version
2018v3.1
Gross Receipts
$133,194,457
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$12,555,145$23,034,584▲ $10,479,439
Investments Program Related$12,402,267$13,525,326▲ $1,123,059
Savings and Temporary Cash Investments$11,746,613$5,133,795▼ $6,612,818
Cash and Non-Interest-Bearing Accounts$892,189$2,517,482▲ $1,625,293
Land, Buildings, and Equipment, Net$354,208$232,700▼ $121,508
Accounts Receivable$419,078$62,059▼ $357,019
Prepaid Expenses and Deferred Charges$55,614$35,498▼ $20,116
Total Assets$38,487,864$44,604,194▲ $6,116,330
Other Assets Total$62,750$62,750→ $0
Liabilities
Accounts Payable and Accrued Expenses$628,566$1,016,637▲ $388,071
Grants Payable$225,000$538,000▲ $313,000
Deferred Revenue$31,506$37,529▲ $6,023
Total Liabilities$885,072$1,592,166▲ $707,094
Net Assets / Fund Balance
Unrestricted Net Assets$34,179,349$39,385,637▲ $5,206,288
Temporarily Rstr Net Assets$3,423,443$3,626,391▲ $202,948
Total Net Assets Fund Balance$37,602,792$43,012,028▲ $5,409,236
Total Liabilities and Net Assets / Fund Balance$38,487,864$44,604,194▲ $6,116,330

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$150,001$278,125$428,126
Leasehold Improvements$64,359$67,700$132,059
Other Land Buildings$18,340$47,743$66,083
Investment Program Related Org$11,808,636--
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacey ChildressChief Executive OfficerFT$405,031$141,171$546,202
Frances MessanoSenior Managing PartnerFT$233,733$71,873$305,606
Deborah McgriffManaging PartnerFT$243,600$55,868$299,468
Scott BensonManaging PartnerFT$191,771$76,342$268,113
Tonika Cheek ClaytonManaging PartnerFT$191,771$73,814$265,585
Deborah VeneyDirector of CommunicationsFT$184,588$67,596$252,184
Arielle KinderPartnerFT$168,350$73,556$241,906
Meghan AmrofellChief Operating Officer (thru 11/18)FT$195,606$43,303$238,909
Amy OmandDirector of FinanceFT$174,200$50,011$224,211
Jason AtwoodDirector of Research & LearningFT$153,761$54,331$208,092
Ruth RichersonDirector of DevelopmentFT$145,392$53,138$198,530
Daryl PeaglerChief Operating Officer (start 10/18)FT$52,647$3,532$56,179

Board Members and Trustees

NameTitle
Brook ByersBoard Member
Christopher GabrieliBoard Member
Kim SmithBoard Member
Lisette NievesBoard Member
Paula SneedBoard Member
Rob StavisBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
WestedResearch Partnership4665 LAMPSON AVENUE, Los Alamitos, CA 90720$1,089,500
Transforming EducationResearch Partnership115 BROAD STREET 4TH FLOOR, Boston, MA 02110$856,302
Transcend INCProject Consulting159 LINCOLN AVENUE HASTINGS-ON-HUDS, New York, NY 10706$670,000
Catalyst Education INCProject Consulting839 WEBSTER STREET, New Orleans, LA 70118$475,200
Northwest Event Technology LLCEvent Production14780 NE 95TH STREET, Redmond, WA 98052$403,450
Revenue and Support

Revenue Composition

Contributions and Grants
$38,139,052
Program Service Revenue
$834,593
Investment Income
$481,808
Other Revenue
$0
All Other Contributions
$38,139,052
Change in Net Assets
$4,177,214

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 Traded4$6,127,413Fair Market Value (FMV)
Total Noncash Contributions4$6,127,413-

Audited Revenue Reconciliation

Revenue per Audited Statements
$39,455,453
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,241,863
Total Revenue per Audited Statements
$40,697,316
Total Revenue per Form 990
$39,455,453
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$21,387,360
Other Expenses$7,686,086
Salaries, Compensation, and Employee Benefits$6,204,793
Total Fundraising Expense$748,436
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,159,860--$21,159,860
Fees for Services Other$4,292,603$211,974$85,794$4,590,371
Other Salaries and Wages$2,029,306$839,150$398,350$3,266,806
Current Officers, Directors, Trustees, and Key Employees$1,575,706$391,918$126,672$2,094,296
Other Expenses$1,451,546$40,483$14,672$1,506,701
Occupancy-$403,265-$403,265
Other Employee Benefits$227,652$102,014$28,160$357,826
Information Technology$20,394$306,878$12,000$339,272
Payroll Taxes$199,787$75,382$31,779$306,948
Travel$259,825$30,976$5,762$296,563
Grants to Domestic Individuals$227,500--$227,500
Pension Plan Contributions$95,704$56,549$26,664$178,917
Advertising$109,389$58,093$8,574$176,056
Depreciation Depletion-$137,580-$137,580
Conferences and Meetings$50,626$17,094$2,131$69,851
Fees for Services Accounting-$66,184-$66,184
Office Expenses$4,057$50,174$7,878$62,109
Insurance-$18,340-$18,340
Fees for Services Legal$12,277$740-$13,017
Interest-$6,777-$6,777
Total Functional Expenses$31,716,232$2,813,571$748,436$35,278,239

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$35,288,080
Expenses per Audited Statements$35,278,239
Total Expenses per Form 990$35,278,239
Expenses Not Reported on Form 990$9,841
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Zeta Charter SchoolsNew York, NY501(c)(3)Innovative Schools- Invent$855,000
Valor Collegiate AcademiesNashville, TN501(c)(3)Innovative Schools- Invent$700,000
Teton Science SchoolsJackson, WY501(c)(3)Innovative Schools- Invent$500,000
Phalen Leadership AcademyIndianapolis, IN501(c)(3)Innovative Schools- Invent$485,000
Urban Act AcademyIndianapolis, IN501(c)(3)Innovative Schools- Invent$450,000
National Equity ProjectOakland, CA501(c)(3)Diverse Leaders$387,500
Purdue Polytechnical High SchoolIndianapolis, IN501(c)(3)Innovative Schools- Invent$365,000
Education Pioneers IncOakland, CA501(c)(3)Edge$350,000
Bluum IncBoise, ID501(c)(3)Innovative Schools- Invent$300,000
Mind Research InstituteIrvine, CA-Innovative Schools- Invent$300,000
Third Future SchoolsColorado Springs, CO501(c)(3)Innovative Schools- Invent$285,000
Achievement First IncNew Haven, CT-Innovative Schools- Invent$280,000
Impact Public SchoolsTukwila, WA501(c)(3)Innovative Schools- Invent$279,000
Ednovate IncLos Angeles, CA501(c)(3)Innovative Schools- Invent$275,000
Springfield Empowerment Zone PartnershipBoston, MA501(c)(3)Innovative Schools- Invent$275,000
Democracy Builders FundNew York, NY501(c)(3)Innovative Schools- Invent$265,000
Citizens of the World Charter SchoolsLos Angeles, CA501(c)(3)Innovative Schools- Invent$255,000
Achievers Early College Prep Charter SchoolTrenton, NJ501(c)(3)Innovative Schools- Invent$250,000
Bricolage AcademyNew Orleans, LA501(c)(3)Innovative Schools- Invent$250,000
Kipp NycNew York, NY501(c)(3)Innovative Schools- Invent$250,000
Pivot LearningOakland, CA501(c)(3)Innovative Schools- Invent$250,000
Comp Sci High (fka Urban Assembly Charter School for Computer Science)New York, NY501(c)(3)Innovative Schools- Invent$240,000
Education for ChangeOakland, CA501(c)(3)Innovative Schools- Invent$225,000
North Star College Preparatory Academy for BoysWashington, DC501(c)(3)Innovative Schools- Invent$225,000
PilotedChicago, IL501(c)(3)Innovative Schools- Invent$225,000
Ashe Preparatory AcademySeattle, WA501(c)(3)Innovative Schools- Invent$215,000
Choice Group IncLos Angeles, CA501(c)(3)Innovative Schools- Invent$215,000
Colorado League of Charter SchoolsDenver, CO501(c)(3)Innovative Schools- Invent$215,000
Future Leaders IncubatorBrooklyn, NY501(c)(3)Innovative Schools- Invent$215,000
Garvey Allen Visual and Performing Arts Academy for Science Technology EnMoreno Valley, CA501(c)(3)Innovative Schools- Invent$215,000
Gwinnett County Public SchoolsSuwanee, GA501(c)(3)Innovative Schools- Invent$215,000
HackschoolDenver, CO501(c)(3)Innovative Schools- Invent$215,000
High School for Recording Arts Dba Studio 4Saint Paul, MN501(c)(3)Innovative Schools- Invent$215,000
Kansas City Girls Preparatory AcademyKansas City, MOGwinnett County PInnovative Schools- Invent$215,000
Living SchoolNew Orleans, LA501(c)(3)Innovative Schools- Invent$215,000
Mary L Booker Leadership AcademyPacifica, CA501(c)(3)Innovative Schools- Invent$215,000
Ms Delta AcademiesOlive Branch, MS501(c)(3)Innovative Schools- Invent$215,000
Ohio Valley Educational CooperativeShelbyville, KY501(c)(3)Innovative Schools- Invent$215,000
Phoenix International AcademyPhoenix, AZ501(c)(3)Innovative Schools- Invent$215,000
Scholarmade Educational Services IncLittle Rock, AR501(c)(3)Innovative Schools- Invent$215,000
Social Good FundRichmond, CA501(c)(3)Innovative Schools- Invent$215,000
The New York City Charter High School for Architecture Engineering and ConsBronx, NY501(c)(3)Innovative Schools- Invent$215,000
Wire Hollow Education Innovation Dba Elementary School for Education InnovaLubbock, TX501(c)(3)Innovative Schools- Invent$215,000
Beloved CommunityNew Orleans, LA-Diverse Leaders$205,000
Branch Alliance for Educator DiversityAustin, TX-Diverse Leaders$205,000
Expanded SchoolsNew York, NY-Diverse Leaders$205,000
Fellowship for Race & Equity in Education Dba the Equity LabWashington, DC-Diverse Leaders$205,000
Firstline SchoolsNew Orleans, LA-Diverse Leaders$205,000
Profound GentlemenCharlotte, NC-Diverse Leaders$205,000
Wildflower FoundationMinneapolis, MN-Diverse Leaders$205,000
Battelle EducationColumbus, OH-Innovative Schools- Invent$195,000
Caliber SchoolsSan Francisco, CA501(c)(3)Innovative Schools- Invent$195,000
Education Leaders of ColorLos Angeles, CA501(c)(3)Diverse Leaders$195,000
America AchievesNew York, NY501(c)(3)Innovative Schools- Invent$190,000
Teachers Who PrayChicago, IL501(c)(3)Edge$190,000
Digital Pioneers AcademyWashington, DC501(c)(3)Innovative Schools- Invent$185,000
Chiefs for ChangeWashington, DC501(c)(3)Diverse Leaders$180,000
OnetiltWashington, DC-Diverse Leaders$180,000
Dc International SchoolWashington, DC501(c)(3)Innovative Schools- Invent$175,000
Excellent Schools New MexicoAlbuquerque, NM501(c)(3)Innovative Schools- Invent$175,000
Building 21Washington, DC501(c)(3)Innovative Schools- Invent$155,000
Education Reform NowBrooklyn, NY501(c)(3)Diverse Leaders$155,000
Idaho Distance Education Academy IncDeary, ID501(c)(3)Innovative Schools- Invent$155,000
Careervillage IncPalo Alto, CA501(c)(3)Ed Tech$150,000
Growth Public SchoolsSacramento, CA501(c)(3)Innovative Schools- Invent$150,000
Nearpod IncAventura, FL501(c)(3)Ed Tech$150,000
Opinion Interactive LLC Dba Spotlight EducationDavis, CA501(c)(3)Ed Tech$150,000
Raise Labs Inc Dba RaisemeSan Francisco, CA501(c)(3)Ed Tech$150,000
Strive for CollegeMilpitas, CA501(c)(3)Ed Tech$150,000
Nepris IncFrisco, TX501(c)(3)Ed Tech$145,000
Marin County Office of EducationSan Rafael, CAMarin CountyInnovative Schools- Invent$140,000
Alma Fuerte Public SchoolAltadena, CA501(c)(3)Innovative Schools- Invent$130,000
Edquity IncBrooklyn, NY501(c)(3)Ed Tech$130,000
Rooted SchoolNew Orleans, LA501(c)(3)Innovative Schools- Invent$130,000
Gestalt Community SchoolsMemphis, TN-Innovative Schools- Invent$125,000
Grimmway SchoolsShafter, CA501(c)(3)Innovative Schools- Invent$125,000
Innovation SchoolsWalla Walla, WA501(c)(3)Innovative Schools- Invent$125,000
Nexusedge Education IncSanta Monica, CA501(c)(3)Ed Tech$125,000
Surge InstituteChicago, IL501(c)(3)Diverse Leaders$125,000
Thrive Education FoundationSan Diego, CA501(c)(3)Innovative Schools- Invent$125,000
Weird Enough Productions IncWashington, DC501(c)(3)Ed Tech$125,000
CambiarSan Diego, CA501(c)(3)Diverse Leaders$120,000
Great Gains IncManhattan Beach, CA501(c)(3)Ed Tech$115,000
The New School of San FranciscoSan Francisco, CA501(c)(3)Innovative Schools- Invent$115,000
Mobile Area Education Foundation Public SchoolsMobile, AL501(c)(3)Innovative Schools- Invent$112,500
Beacon LLCSouth Burlington, VT501(c)(3)Ed Tech$110,000
University Charter SchoolLivingston, AL501(c)(3)Innovative Schools- Invent$105,000
Diversity Talks LLCProvidence, RI501(c)(3)Diverse Leaders$102,500
Education Forward DcWashington, DC501(c)(3)Fiscal Sponsorship$100,000
Ignite Achievement AcademyIndianapolis, IN501(c)(3)Innovative Schools- Invent$100,000
Van Ness Parent Teacher OrganizationWashington, DC501(c)(3)Innovative Schools- Invent$95,000
Capital Village SchoolsOdenton, MD501(c)(3)Innovative Schools- Invent$85,000
The Social Justice SchoolWashington, DC501(c)(3)Innovative Schools- Invent$85,000
Gals Inc Girls Athletic Leadership SchoolsDenver, CO-Innovative Schools- Invent$78,000
Intrinsic SchoolsChicago, IL-Innovative Schools- Invent$78,000
KaleidoscopeWashington, DC-Innovative Schools- Invent$78,000
Navigator SchoolsHollister, CA-Innovative Schools- Invent$78,000
Brooklyn Navy Yard Development CorpBrooklyn, NY501(c)(3)Innovative Schools- Invent$75,000
Oxford Day AcademyMenlo Park, CA501(c)(3)Innovative Schools- Invent$75,000
Zest EducationSt Louis, MO501(c)(3)Innovative Schools- Invent$75,000
Bard High School Early CollegeNew York, NY501(c)(3)Innovative Schools- Invent$71,500
Youthbuild Newark IncNewark, NJ501(c)(3)Innovative Schools- Invent$70,000
Maya ConsultingAustin, TX-Innovative Schools- Invent$53,000
Mile High StrategiesDenver, CO501(c)(3)Edge$50,000
National Alliance for Public Charter SchoolsWashington, DC501(c)(3)Edge$50,000
The Cube SchoolDenver, CO501(c)(3)Innovative Schools- Invent$50,000
Urban Ventures Leadership FoundationMinneapolis, MN501(c)(3)Innovative Schools- Invent$50,000
40 SchoolsNew Orleans, LA501(c)(3)Innovative Schools- Invent$35,000
Generation SuccessNew Orleans, LA501(c)(3)Innovative Schools- Invent$35,000
Visions Performing Arts CompanyAurora, CO501(c)(3)Innovative Schools- Invent$35,000
Washington Regional Association of GrantmakersWashington, DC501(c)(3)Innovative Schools- Invent$35,000
For Our ScholarsDallas, TX501(c)(3)Innovative Schools- Invent$31,860
Kaleidoscope Early Learning CenterNew Orleans, LA501(c)(3)Innovative Schools- Invent$30,000
Chicago International Charter SchoolChicago, IL501(c)(3)Innovative Schools- Invent$25,000
Collegiate AcademiesNew Orleans, LA501(c)(3)Innovative Schools- Invent$25,000
Edgecombe County Public SchoolsTarboro, NCEdgecombe CountyInnovative Schools- Invent$25,000
San Marcos CisdSan Marcos, TXSan MarcosInnovative Schools- Invent$25,000
Science With Tom LLCSan Francisco, CA-Ed Tech$25,000
Strive Preparatory SchoolsDenver, CO501(c)(3)Innovative Schools- Invent$25,000
Barefoot Schoolhouse Consulting LLCLakeland, TN501(c)(3)Diverse Leaders$15,000
Bellwether Education PartnersSudbury, MA501(c)(3)Diverse Leaders$15,000
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 cfo for review. The cfo 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 cfo encourages the board of directors to review the form 990 and to forward any questions to her. The cfo 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
Amy Omand
Title
CFO
Phone
4156156860
Signed
2019-09-18
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
6

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

“Research services: program service expenses 3,674,285. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,674,285. Project consulting services: program service expenses 618,318. Management and general expenses 211,974. Fundraising expenses 85,794. Total expenses 916,086.”

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 2014.”

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IRS990/ProgSrvcAccomActy2Grp/Desc0CONVENING: NEWSCHOOLS SUMMIT IS AN ANNUAL INVITATION-ONLY GATHERING FOR EDUCATION LEADERS WHO BRING IMPORTANT AND DIVERSE PERSPECTIVES IN K-12 EDUCATION. AVERAGE ATTENDANCE IS APPROXIMATELY 1,200 ENTREPRENEURS, EDUCATORS, COMMUNITY LEADERS, PHILANTHROPISTS, AND POLICY MAKERS. THEY MEET TO SHARE IDEAS AND CHALLENGE EACH OTHER ON HOW TO ENSURE EVERY STUDENT HAS ACCESS TO A GREAT SCHOOL THAT PREPARES THEM TO ACHIEVE THEIR MOST AMBITIOUS DREAMS AND PLANS. NEWSCHOOLS USES ITS THOUGHT LEADERSHIP TO INFUSE THE SECTOR WITH IMPORTANT IDEAS AND GRAPPLE WITH TOUGH ISSUES. WE EARNED REVENUE OF $480K ON TICKET SALES TO THE EVENT, AND IN ADDITION RAISED SPONSORSHIP CONTRIBUTIONS TO FULLY COVER THE COST OF THE EVENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01285087
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0511703
IRS990/ProgSrvcAccomActy3Grp/Desc0FISCAL SPONSORSHIPS: NEWSCHOOLS HAS PARTNERED WITH OTHER ENTREPRENEURIAL EDUCATION ORGANIZATIONS IN FISCAL SPONSORSHIP ARRANGEMENTS TO SUPPORT THOSE ORGANIZATIONS AS THEY LAUNCH INTO NEW 501(C)(3) ORGANIZATIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0661841
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0100000
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0322890
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt035891445
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt021435984
IRS990/PYInvestmentIncomeAmt0361068
IRS990/PYOtherExpensesAmt08309558
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0324642
IRS990/PYRevenuesLessExpensesAmt0880135
IRS990/PYSalariesCompEmpBnftPaidAmt05951478
IRS990/PYTotalExpensesAmt035697020
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt036577155
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04177214
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,604,194
Liabilities
$1,592,166
Net assets
$43,012,028
Revenue
$39,455,453
Expenses
$35,278,239
Net income
$4,177,214
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
2018Detailed filing. Detailed filing data is available for this year.$44.6$1.59$43.0$39.5$35.3$4.18
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