Civic Intelligence

New Schools Fund

990 • Fiscal year 2019 • EIN 94-3281780

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

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

7th percentile

0.02x

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

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

3rd percentile

0.02x

Higher debt load relative to revenue than 3% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Net Margin

85th percentile

22%

Higher net margin than 85% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

28th percentile

$515,588

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2019

Asset Growth

93rd percentile

25%

Faster asset growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

93rd percentile

42%

Faster revenue growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$55,916,420

Up $11,312,226 (+25%) from 2018

Net Assets

Up

$55,032,955

Up $12,020,927 (+28%) from 2018

Liabilities

Down

$883,465

Down $708,701 (-45%) from 2018

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin85th percentile

Revenue

Up

$56,208,683

Up $16,753,230 (+42%) from 2018

Expenses

Up

$43,566,897

Up $8,288,658 (+23%) from 2018

Net Income

Up

$12,641,786

Up $8,464,572 (+203%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth93rd 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

2019

Assets$55,916,420
Liabilities$883,465
Net Assets$55,032,955
Open 2019 Filing

Operations Trend

Revenue Growth93rd 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

2019

Revenue$56,208,683
Expenses$43,566,897
Net Income$12,641,786
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.1
Gross Receipts
$262,612,758
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$23,034,584$40,134,136▲ $17,099,552
Investments Program Related$13,525,326$10,194,419▼ $3,330,907
Savings and Temporary Cash Investments$5,133,795$3,002,853▼ $2,130,942
Cash and Non-Interest-Bearing Accounts$2,517,482$2,081,473▼ $436,009
Prepaid Expenses and Deferred Charges$35,498$249,046▲ $213,548
Land, Buildings, and Equipment, Net$232,700$140,573▼ $92,127
Accounts Receivable$62,059$83,920▲ $21,861
Total Assets$44,604,194$55,916,420▲ $11,312,226
Other Assets Total$62,750$30,000▼ $32,750
Liabilities
Accounts Payable and Accrued Expenses$1,016,637$637,565▼ $379,072
Grants Payable$538,000$212,500▼ $325,500
Deferred Revenue$37,529$33,400▼ $4,129
Total Liabilities$1,592,166$883,465▼ $708,701
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,385,637$40,975,351▲ $1,589,714
Net Assets With Donor Restrictions$3,626,391$14,057,604▲ $10,431,213
Total Net Assets Fund Balance$43,012,028$55,032,955▲ $12,020,927
Total Liabilities and Net Assets / Fund Balance$44,604,194$55,916,420▲ $11,312,226

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$97,810$359,244$457,054
Leasehold Improvements$40,143$91,916$132,059
Other Land Buildings$2,620$63,463$66,083
Investment Program Related Org$8,477,229--
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacey ChildressCEO/presidentFT$404,992$110,596$515,588
Laurence HoltExec.in Residence (thru 4/19)FT$123,958$244,550$368,508
Frances MessanoSenior Managing PartnerFT$270,000$81,476$351,476
Daryl PeaglerCOO/secretaryFT$225,000$66,223$291,223
Tonika Cheek ClaytonManaging PartnerFT$209,400$77,856$287,256
Scott BensonManaging PartnerFT$209,400$77,645$287,045
Deborah VeneyDirector of CommunicationsFT$198,700$72,311$271,011
Amy OmandCFO/treasurerFT$209,400$57,558$266,958
Deborah McgriffManaging Partner (thru 1/19)FT$20,715$240,810$261,525
Melina UncapherDirector of Fiscal SponsorshipFT$206,067$19,675$225,742
Tiffany Cheng NyaggahPartnerFT$164,167$57,351$221,518
Jason AtwoodDirector of Research & LearninFT$143,582$66,236$209,818

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Transforming EducationResearch Partnership115 BROAD STREET 4TH FLOOR, Boston, MA 02110$807,150
Enterprise Events Group INCEvent Production950 NORTHGATE DRIVE STE 100, San Rafael, CA 94903$779,896
Agency Design INCProject Consulting156 WINCHESTER STREET, Brookline, MA 02446$419,363
WestedResearch Partnership4665 LAMPSON AVENUE, Los Alamitos, CA 90720$381,000
Catalyst Education INCProject Consulting839 WEBSTER STREET, New Orleans, LA 70118$378,935
Revenue and Support

Revenue Composition

Contributions and Grants
$54,424,289
Program Service Revenue
$1,038,006
Investment Income
$746,388
Other Revenue
$0
All Other Contributions
$54,424,289
Change in Net Assets
$12,641,786

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$7,272,727Fair Market Value (FMV)
Total Noncash Contributions4$7,272,727-

Audited Revenue Reconciliation

Revenue per Audited Statements
$56,208,683
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-586,030
Total Revenue per Audited Statements
$55,622,653
Total Revenue per Form 990
$56,208,683
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$26,227,778
Other Expenses$10,060,404
Salaries, Compensation, and Employee Benefits$7,278,715
Total Fundraising Expense$709,028
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$26,227,778--$26,227,778
Fees for Services Other$5,384,505$230,510$36,125$5,651,140
Other Salaries and Wages$2,891,726$758,584$348,040$3,998,350
Current Officers, Directors, Trustees, and Key Employees$1,445,095$614,272$201,703$2,261,070
Other Expenses$2,130,986$37,957$17,287$2,186,230
Other Employee Benefits$309,718$171,839$35,718$517,275
Advertising$403,052$112,828$1,048$516,928
Occupancy-$474,208-$474,208
Information Technology$32,508$414,188$12,500$459,196
Payroll Taxes$263,560$76,904$32,903$373,367
Travel$316,472$17,561$3,059$337,092
Pension Plan Contributions$91,352$19,026$18,275$128,653
Depreciation Depletion-$121,056-$121,056
Conferences and Meetings$89,718$13,997$2,026$105,741
Office Expenses$32,033$56,829$344$89,206
Fees for Services Accounting-$72,165-$72,165
Fees for Services Legal$19,058$4,098-$23,156
Insurance-$17,798-$17,798
Interest-$6,488-$6,488
Total Functional Expenses$39,637,561$3,220,308$709,028$43,566,897

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$43,601,726
Expenses per Audited Statements$43,566,897
Total Expenses per Form 990$43,566,897
Expenses Not Reported on Form 990$34,829
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Purdue Polytechnical High SchoolIndianapolis, IN501(c)(3)Innovative Schools- Invent$660,000
Dallas Independent School DistrictDallas, TX501(c)(3)Innovative Schools- Invent$518,140
Appletree Institute for Education Innovation IncWashington, DC501(c)(3)Innovative Schools- Redesign$505,000
Teton Science SchoolsJackson, WY501(c)(3)Innovative Schools- Redesign$500,000
Valor Collegiate AcademiesNashville, TN501(c)(3)Innovative Schools- Redesign$500,000
Zeta Charter SchoolsThe Bronx, NY501(c)(3)Innovative Schools- Invent$430,000
Center for HumanityLos Angeles, CA-Innovative Schools- Redesign$405,000
Phalen Leadership AcademyQuincy, MA501(c)(3)Innovative Schools- Redesign$405,000
Impact Public SchoolsTukwila, WA501(c)(3)Innovative Schools- Invent$340,000
Comp Sci HighThe Bronx, NY501(c)(3)Innovative Schools- Invent$330,000
Latino Educational Equity PartnershipsSan Antonia, TX501(c)(3)Innovative Schools- Invent$330,000
Mobile Area Education Foundation Public SchoolsMobile, AL501(c)(3)Innovative Schools- Invent$327,500
Coperni 3 (third Future Schools)Colorado Springs, CO501(c)(3)Innovative Schools- Invent$315,000
Gwinnett County Board of EducationSuwanee, GA501(c)(3)Innovative Schools- Invent$315,000
Intrinsic SchoolsChicago, IL501(c)(3)Innovative Schools- Invent$315,000
Kansas City Girls Preparatory AcademyKansas City, MO501(c)(3)Innovative Schools- Invent$315,000
Legacy SchoolsBirmingham, AL501(c)(3)Innovative Schools- Invent$315,000
Technology Access FoundationSeattle, WA501(c)(3)Innovative Schools- Redesign$305,000
Student Leadership NetworkNew York, NY-Innovative Schools- Redesign$292,000
Youthbuild Newark IncNewark, NJ501(c)(3)Innovative Schools- Invent$285,000
Navigator SchoolsHollister, CA501(c)(3)Innovative Schools- Redesign$275,000
University Charter SchoolLivingston, AL501(c)(3)Innovative Schools- Invent$260,000
3de National LLCAtlanta, GA501(c)(3)Innovative Schools- Redesign$255,000
Asu Prep DigitalTempe, AZ501(c)(3)Innovative Schools- Redesign$255,000
CommonlitWashington, DC501(c)(3)Innovative Schools- Redesign$255,000
Capitol Region Education Council FoundationHartford, CT-Diverse Leaders$250,000
Children First Fund the Chicago Public Schools FoundationChicago, IL-Diverse Leaders$250,000
Concourse EducationRichmond, CA-Diverse Leaders$250,000
Education ReimaginedWashington, DC501(c)(3)Venture Support$250,000
Educators for ExcellenceNew York, NY501(c)(3)Diverse Leaders$250,000
Envision EducationOakland, CA501(c)(3)Diverse Leaders$250,000
Future Leaders IncubatorBrooklyn, NY501(c)(3)Diverse Leaders$250,000
Mayerson Academy for Human Resource DevelopmentCincinnati, OH-Diverse Leaders$250,000
School Board PartnersNew Orleans, LA-Diverse Leaders$250,000
Teach Western MassSpringfield, MA501(c)(3)Diverse Leaders$250,000
Urban Ed AcademySan Francisco, CA501(c)(3)Diverse Leaders$250,000
Ashe Preparatory AcademySeattle, WA501(c)(3)Innovative Schools- Invent$240,000
Phoenix International AcademyPhoenix, AZ501(c)(3)Innovative Schools- Invent$240,000
Empower Community High SchoolAurora, CO501(c)(3)Innovative Schools- Invent$233,000
San Marcos CisdSan Marcos, TX501(c)(3)Innovative Schools- Invent$230,000
Aspira High SchoolNewark, DE501(c)(3)Innovative Schools- Invent$215,000
Believe SchoolsIndianapolis, IN501(c)(3)Innovative Schools- Invent$215,000
Brick Achieve Community Charter SchoolNewark, NJ501(c)(3)Innovative Schools- Invent$215,000
Capital Village SchoolsOdenton, MD501(c)(3)Innovative Schools- Invent$215,000
Cascade Public SchoolsSeattle, WA501(c)(3)Innovative Schools- Invent$215,000
Catalyst Public SchoolsSeattle, WA501(c)(3)Innovative Schools- Invent$215,000
Choice Group IncLos Angeles, CA501(c)(3)Innovative Schools- Invent$215,000
Fugees Family IncColumbus, OH501(c)(3)Innovative Schools- Invent$215,000
Future Is Now SchoolsLos Angeles, CA501(c)(3)Innovative Schools- Invent$215,000
I Dream Public Charter School Fka I Dream AcademyWashington, DC501(c)(3)Innovative Schools- Invent$215,000
Lumen High SchoolSpokane, WA501(c)(3)Innovative Schools- Invent$215,000
New Earth AcademyCulver City, CA501(c)(3)Innovative Schools- Invent$215,000
The Opportunity TrustSt Louis, MO501(c)(3)Innovative Schools- Invent$215,000
The Primary School - East Palo AltoEast Palo Alto, CA501(c)(3)Innovative Schools- Invent$215,000
The Social Justice SchoolWashington, DC501(c)(3)Innovative Schools- Invent$215,000
True North Language AcademyGolden Valley, MN501(c)(3)Innovative Schools- Invent$215,000
Urban Ventures Leadership FoundationMinneapolis, MN501(c)(3)Innovative Schools- Invent$215,000
Visions Performing Arts CompanyAurora, CO501(c)(3)Innovative Schools- Invent$215,000
Freedom Preparatory Academy IncMemphis, TN501(c)(3)Diverse Leaders$210,000
Kairos AcademiesSt Louis, MO501(c)(3)Innovative Schools- Invent$210,000
Conexion AmericasNashville, TN501(c)(3)Diverse Leaders$205,000
InquiredChicago, IL501(c)(3)Innovative Schools- Redesign$205,000
The Fellowshipbmec IncPhiladelphia, PA501(c)(3)Diverse Leaders$205,000
The Urban AssemblyNew York, NY501(c)(3)Innovative Schools- Redesign$205,000
Van Ness Elementary School Parent GroupWashington, DC501(c)(3)Innovative Schools- Redesign$205,000
Central Detroit Christian Community Development CorporationDetroit, MI501(c)(3)Diverse Leaders$200,000
Equity InstituteProvidence, RI501(c)(3)Diverse Leaders$200,000
He Is Me InstituteBoston, MA501(c)(3)Diverse Leaders$200,000
Pave - Parents Amplifying Voices in EducationWashington, DC-Diverse Leaders$200,000
Rhode Island School for Progressive EducationProvidence, RI501(c)(3)Diverse Leaders$200,000
Tennessee Educators of Color AllianceClarksville, TN501(c)(3)Diverse Leaders$200,000
The Cube SchoolDenver, CO501(c)(3)Innovative Schools- Invent$192,500
Mary L Booker Leadership AcademyPacifica, CA501(c)(3)Innovative Schools- Invent$190,000
Move This WorldBrooklyn, NY501(c)(3)Ed Tech$190,000
Stop Breathe & Think IncLos Angeles, CA501(c)(3)Ed Tech$190,000
Sown to Grow IncOakland, CA501(c)(3)Ed Tech$183,000
Diversity Talks LLCProvidence, RI501(c)(3)Diverse Leaders$180,000
National Charter CollaborativeSeattle, WA501(c)(3)Diverse Leaders$180,000
Charlotte Lab School IncCharlotte, NC501(c)(3)Innovative Schools- Invent$175,000
Amira Learning IncNapa, CA501(c)(3)Ed Tech$165,000
Edumotion LLCChicago, IL501(c)(3)Ed Tech$158,000
Bard High School Early CollegeNew York, NY501(c)(3)Innovative Schools- Redesign$155,000
Friends of Solar PrepDallas, TX501(c)(3)Innovative Schools- Invent$155,000
Personalized Learning Games IncDurham, NC501(c)(3)Ed Tech$153,000
Bluum IncBoise, ID501(c)(3)Innovative Schools- Invent$150,000
California Charter Schools AssociationLos Angeles, CA-Diverse Leaders$150,000
Growth Public SchoolsSacramento, CA501(c)(3)Innovative Schools- Invent$150,000
Innovate Public SchoolsSan Jose, CA-Diverse Leaders$150,000
Latinx Education CollaborativeKansas City, MO501(c)(3)Diverse Leaders$150,000
National Indian Education AssociationWashington, DC501(c)(3)Diverse Leaders$150,000
The Board of Trustees of the Leland Stanford Junior UniversityPalo Alto, CA501(c)(3)Ed Tech$150,000
The Learning AcceleratorPrinceton, NJ501(c)(3)Ed Tech$150,000
Tntp IncNy, NY501(c)(3)Diverse Leaders$150,000
University of Maryland Baltimore Foundation IncBaltimore, MD-Diverse Leaders$150,000
Act IncIowa City, IA501(c)(3)Ed Tech$147,000
Yoga FosterBrooklyn, NY501(c)(3)Ed Tech$147,000
Promise Public SchoolsSan Jose, CA501(c)(3)Innovative Schools- Invent$146,000
Hayward Collegiate Charter SchoolRedwood City, CA501(c)(3)Innovative Schools- Invent$140,000
Ideo LpPalo Alto, CA501(c)(3)Ed Tech$140,000
Facing History and OurselvesBrookline, MA-Innovative Schools- Redesign$135,000
High Tech High Graduate School of EducationSan Diego, CA501(c)(3)Innovative Schools- Redesign$130,000
Grimmway SchoolsShafter, CA501(c)(3)Innovative Schools- Invent$125,000
Springfield Empowerment Zone PartnershipBoston, MA501(c)(3)Innovative Schools- Invent$125,000
Achievers Early College Prep Charter SchoolTrenton, NJ501(c)(3)Innovative Schools- Invent$117,500
Transcend IncNew York, NY501(c)(3)Research & Learning$110,138
Camelback Ventures IncNew Orleans, LA501(c)(3)Diverse Leaders$110,000
Living SchoolNew Orleans, LA501(c)(3)Innovative Schools- Invent$110,000
Scholarmade Educational Services IncLittle Rock, AR501(c)(3)Innovative Schools- Invent$102,500
Caliber SchoolsRichmond, CA501(c)(3)Innovative Schools- Invent$100,000
Dc International SchoolWashington, DC501(c)(3)Innovative Schools- Invent$100,000
Digital Pioneers AcademyWashington, DC501(c)(3)Innovative Schools- Invent$100,000
Education for ChangeOakland, CA501(c)(3)Innovative Schools- Invent$100,000
Ignite Achievement AcademyIndianapolis, IN501(c)(3)Innovative Schools- Invent$100,000
North Star College Preparatory Academy for BoysWashington, DC501(c)(3)Innovative Schools- Invent$100,000
PilotedChicago, IL501(c)(3)Innovative Schools- Invent$100,000
The New School of San FranciscoSan Francisco, CA501(c)(3)Innovative Schools- Invent$100,000
Bricolage AcademyNew Orleans, LA501(c)(3)Innovative Schools- Invent$87,500
Cambiar EducationSan Diego, CA501(c)(3)Diverse Leaders$85,000
Excellent Schools New MexicoAlbuquerque, NM501(c)(3)Innovative Schools- Invent$75,000
Marin County Office of EducationSan Rafael, CA501(c)(3)Innovative Schools- Invent$75,000
Oxford Day AcademyMenlo Park, CA501(c)(3)Innovative Schools- Invent$75,000
Pivot LearningOakland, CA501(c)(3)Innovative Schools- Invent$75,000
Third Future SchoolsColorado Springs, CO501(c)(3)Innovative Schools- Invent$70,000
Innovation Schools (dba Willow Public School)Walla Walla, WA501(c)(3)Innovative Schools- Invent$62,500
Middletown City School DistrictMiddletown, OH-Fiscal Sponsorship$25,000
Givethx IncSan Mateo, CA-Ed Tech$19,500
Soy LectorBlaine, MN501(c)(3)Diverse Leaders$6,000
Alma Fuerte Public SchoolAltadena, CA501(c)(3)Innovative Schools- Invent$5,000
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 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 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. 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/treasurer
Phone
4156156860
Signed
2020-11-06
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
44
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 3,522,542. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,522,542. Project consulting services: program service expenses 1,861,963. Management and general expenses 230,510. Fundraising expenses 36,125. Total expenses 2,128,598.”

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 2015.”

Raw XML AppendixShowing 400 of 2,034 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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1497157
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 $540K ON TICKET SALES TO THE EVENT, AND IN ADDITION RAISED SPONSORSHIP CONTRIBUTIONS TO FULLY COVER THE COST OF THE EVENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01636331
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0540849
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/ExpenseAmt03470299
IRS990/ProgSrvcAccomActy3Grp/GrantAmt025000
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0497157
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt038139052
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt021387360
IRS990/PYInvestmentIncomeAmt0481808
IRS990/PYOtherExpensesAmt07686086
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0834593
IRS990/PYRevenuesLessExpensesAmt04177214
IRS990/PYSalariesCompEmpBnftPaidAmt06204793
IRS990/PYTotalExpensesAmt035278239
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt039455453
IRS990/QuidProQuoContributionsInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,916,420
Liabilities
$883,465
Net assets
$55,032,955
Revenue
$56,208,683
Expenses
$43,566,897
Net income
$12,641,786
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
2019Detailed filing. Detailed filing data is available for this year.$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