Civic Intelligence

New Schools Fund

990 • Fiscal year 2020 • EIN 94-3281780

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 28, 2021

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

0.02x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

8th percentile

0.03x

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

78th percentile

$627,905

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

90th percentile

43%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

77th percentile

16%

Faster revenue growth than 77% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$79,742,823

Up $23,826,403 (+43%) from 2019

Net Assets

Up

$77,916,872

Up $22,883,917 (+42%) from 2019

Liabilities

Up

$1,825,951

Up $942,486 (+107%) from 2019

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin86th percentile

Revenue

Up

$65,331,687

Up $9,123,004 (+16%) from 2019

Expenses

Down

$42,336,876

Down $1,230,021 (-2.8%) from 2019

Net Income

Up

$22,994,811

Up $10,353,025 (+82%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth90th 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

2020

Assets$79,742,823
Liabilities$1,825,951
Net Assets$77,916,872
Open 2020 Filing

Operations Trend

Revenue Growth77th 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

2020

Revenue$65,331,687
Expenses$42,336,876
Net Income$22,994,811
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 28, 2021
Return Version
2020v4.1
Gross Receipts
$72,827,485
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
Cash and Non-Interest-Bearing Accounts$2,081,473$38,160,981▲ $36,079,508
Investments in Publicly Traded Securities$40,134,136$31,713,225▼ $8,420,911
Investments Program Related$10,194,419$7,920,394▼ $2,274,025
Savings and Temporary Cash Investments$3,002,853$907,990▼ $2,094,863
Pledges and Grants Receivable$0$750,000▲ $750,000
Prepaid Expenses and Deferred Charges$249,046$130,630▼ $118,416
Land, Buildings, and Equipment, Net$140,573$121,230▼ $19,343
Accounts Receivable$83,920$8,373▼ $75,547
Total Assets$55,916,420$79,742,823▲ $23,826,403
Other Assets Total$30,000$30,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$637,565$1,795,318▲ $1,157,753
Grants Payable$212,500$0▼ $212,500
Deferred Revenue$33,400$30,633▼ $2,767
Total Liabilities$883,465$1,825,951▲ $942,486
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$40,975,351$55,714,013▲ $14,738,662
Net Assets With Donor Restrictions$14,057,604$22,202,859▲ $8,145,255
Total Net Assets Fund Balance$55,032,955$77,916,872▲ $22,883,917
Total Liabilities and Net Assets / Fund Balance$55,916,420$79,742,823▲ $23,826,403

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$53,488$414,816$468,304
Leasehold Improvements$16,057$116,002$132,059
Other Land Buildings$51,685$69,123$120,808
Investment Program Related Org$7,594,392--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacey ChildressCEO/presidentFT$404,995$222,910$627,905
Frances MessanoSenior Managing PartnerFT$285,400$84,935$370,335
Tonika Cheek ClaytonManaging PartnerFT$215,100$85,858$300,958
Scott BensonManaging PartnerFT$215,100$80,203$295,303
Tiffany Cheng NyaggahPartner (left 09/20)FT$134,849$152,476$287,325
Amy OmandCFO/treasurerFT$215,100$60,574$275,674
Melina UncapherDirector Fiscal SponsorshipFT$236,400$22,402$258,802
Heather McmanusChief People OfficerFT$174,783$58,252$233,035
Jason AtwoodDirectorFT$170,000$57,345$227,345
Daryl PeaglerCOO/secretaryFT$168,423$58,819$227,242
Jason WeebyDirectorFT$143,858$80,812$224,670
Miho KubagawaPartnerFT$164,400$56,847$221,247

Board Members and Trustees

NameTitle
Paula SneedBoard Chair
Brook ByersBoard Member
Christopher GabrieliBoard Member
Kim SmithBoard Member
Lisette NievesBoard Member
Rob StavisBoard Member
Ime ArchibongBoard Member (start 03/20)
Charlie WolfsonBoard Member (start 12/20)
Cori DuncanBoard Member (start 12/20)

Highest Paid Contractors

ContractorServicesLocationCompensation
Mckinsey And Company INCProject Consulting140 FOUNTAIN PARKWAY N, St Petersburg, FL 33716$1,350,000
Transforming EducationResearch Partnership115 BROAD STREET 4TH FLOOR, Boston, MA 02110$944,234
EnlearnResearch Partnership4616 25TH AVE NE 548, Seattle, WA 98105$814,312
The 21st Century Partnership For Stem EdResearch Partnership375 EAST ELM STREET SUITE 215, Conshohocken, PA 19428$559,060
Mind Research InstituteResearch Partnership5281 CALIFORNIA AVENUE SUITE 300, Irvine, CA 92617$501,290
Revenue and Support

Revenue Composition

Contributions and Grants
$58,466,293
Program Service Revenue
$579,903
Investment Income
$6,285,491
Other Revenue
$0
All Other Contributions
$58,466,293
Change in Net Assets
$22,994,811

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 Traded3$9,976,791Fair Market Value (FMV)
Total Noncash Contributions3$9,976,791-

Audited Revenue Reconciliation

Revenue per Audited Statements
$65,331,687
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-110,894
Total Revenue per Audited Statements
$65,220,793
Total Revenue per Form 990
$65,331,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$21,219,848
Other Expenses$13,066,985
Salaries, Compensation, and Employee Benefits$8,050,043
Total Fundraising Expense$793,633
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$21,219,848--$21,219,848
Fees for Services Other$10,239,562$461,609$17,723$10,718,894
Other Salaries and Wages$3,598,800$637,358$442,843$4,679,001
Current Officers, Directors, Trustees, and Key Employees$1,367,061$423,492$194,847$1,985,400
Other Expenses$752,956$86,316$510$839,782
Other Employee Benefits$431,308$209,834$50,897$692,039
Information Technology$20,376$434,214$14,313$468,903
Occupancy-$421,506-$421,506
Payroll Taxes$305,432$64,577$40,594$410,603
Pension Plan Contributions$216,611$37,626$28,763$283,000
Advertising$116,101$67,082-$183,183
Travel$108,604$6,422$2,304$117,330
Depreciation Depletion-$85,318-$85,318
Office Expenses$11,813$56,862$606$69,281
Fees for Services Accounting-$68,940-$68,940
Conferences and Meetings$23,760$12,684$233$36,677
Fees for Services Legal$21,254$9,935-$31,189
Insurance-$18,817-$18,817
Interest$958$6,207-$7,165
Total Functional Expenses$38,434,444$3,108,799$793,633$42,336,876

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$42,336,876
Total Expenses per Audited Statements$42,336,876
Total Expenses per Form 990$42,336,876
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Zeta Charter SchoolsThe Bronx, NY501c3Innovative Schools$625,000
Impact Public SchoolsTukwila, WA501c3Innovative Schools$547,000
Fayette County Public SchoolsLexington, KYVista Unified SchoolInnovative Schools$525,000
Achievement First IncNew Haven, CT501c3Innovative Schools- Redesign$505,000
Legacy SchoolsNewark, DE501c3Innovative Schools$432,500
Purdue Polytechnical High SchoolIndianapolis, IN501c3Innovative Schools$420,000
The Oakland ReachOakland, CANewark Board of EducOakland Hometown Fund$300,000
University Charter SchoolLivingston, AL501c3Innovative Schools$285,000
Valor Collegiate AcademiesNashville, TN501c3Innovative Schools- Redesign$275,000
Catalyst Public SchoolsSeattle, WA501c3Innovative Schools$257,000
3de National LLCAtlanta, GA501c3Innovative Schools- Redesign$255,000
CommonlitWashington, DC501c3Innovative Schools- Redesign$255,000
InquiredChicago, IL501c3Innovative Schools- Redesign$255,000
Appletree Institute for Education Innovation IncWashington, DC501c3Innovative Schools- Redesign$250,800
Digital Pioneers AcademyWashington, DC501c3Innovative Schools$235,000
Third Future SchoolsColorado Springs, CO501c3Innovative Schools$234,000
The Sojourner Truth SchoolWashington, DC501c3Innovative Schools$230,000
Kairos AcademiesSt Louis, MO501c3Innovative Schools$227,500
I3 AcademyBirmingham, AL501c3Innovative Schools$220,000
San Marcos CisdSan Marcos, TX501c3Innovative Schools$217,500
Dallas Independent School DistrictDallas, TXDallas Independent SInnovative Schools$217,040
Atlas Public SchoolsSt Louis, MO501c3Innovative Schools$215,000
Becoming Collegiate AcademyJacksonville, FL501c3Innovative Schools$215,000
Birmingham Aids Outreach IncBirmingham, AL501c3Innovative Schools$215,000
Buildstrong Education & Colorado Homebuilding AcademyDenver, CO501c3Innovative Schools$215,000
Cajon Valley Union Schools DistrictEl Cajon, CA501c3Innovative Schools$215,000
Camelback Ventures IncNew Orleans, LA501c3Diverse Leaders$215,000
Chiefs for ChangeWashington, DC501c3Diverse Leaders$215,000
Global Citizens Public Charter SchoolBowie, MD501c3Innovative Schools$215,000
Latinos for EducationBelmont, MA501c3Diverse Leaders$215,000
Life AcademyPrattville, AL501c3Innovative Schools$215,000
Maui Academy of Arts and SciencesHaiku, HI501c3Innovative Schools$215,000
Pinnacles Prep Charter SchoolWenatchee, WACajon Valley Union SInnovative Schools$215,000
Profound GentlemenCharlotte, NC501c3Diverse Leaders$215,000
Promise54Atlanta, GA501c3Diverse Leaders$215,000
Surge InstituteChicago, IL501c3Diverse Leaders$215,000
The Equity LabWashington, DC501c3Diverse Leaders$215,000
The University of Memphis FoundationMemphis, TN501c3Innovative Schools$215,000
YOUNG WOMEN'S LEADERSHIP ACADEMY FOUNDATIONChattanooga, TN501c3Innovative Schools$215,000
Yu Ming Charter School IiOakland, CA501c3Innovative Schools$215,000
Da Vinci SchoolsEl Segundo, CA501c3Innovative Schools$210,000
Believe SchoolsIndianapolis, IN501c3Innovative Schools$205,000
Beloved CommunityNew Orleans, LA501c3Diverse Leaders$205,000
Branch Alliance for Educator DiversityAustin, TX501c3Diverse Leaders$205,000
Firstline SchoolsNew Orleans, LA501c3Diverse Leaders$205,000
Wildflower FoundationMinneapolis, MN501c3Diverse Leaders$205,000
Actuate Innovation IncPalo Alto, CA501c3Fiscal Sponsorship$200,000
Bellwether Education PartnersSudbury, MA501c3Innovative Schools$200,000
Diversity Talks LLCProvidence, RI501c3Diverse Leaders$200,000
Education Reform NowNew York, NY501c3Diverse Leaders$200,000
Springboard CollaborativePhiladelphia, PA-Innovative Schools$200,000
Together EducationNew York, NY-Innovative Schools$200,000
Transcend IncNew York, NY501c3Innovative Schools$200,000
Rooted School - IndianapolisIndianapolis, IN-Innovative Schools$197,500
Charlotte Lab School IncCharlotte, NC501c3Innovative Schools$190,000
School Empowerment Network IncSt Petersburg, FL-Innovative Schools$190,000
Gwinnett County Board of EducationSuwanee, GA501c3Innovative Schools$182,500
Intrinsic SchoolsChicago, IL501c3Innovative Schools$182,500
Kansas City Girls Preparatory AcademyKansas City, MO501c3Innovative Schools$182,500
Bluum IncBoise, ID501c3Innovative Schools$175,000
Mind Research InstituteIrvine, CA501c3Innovative Schools- Redesign$175,000
Navigator SchoolsHollister, CA501c3Innovative Schools- Redesign$175,000
The Urban AssemblyNew York, NY501c3Innovative Schools- Redesign$175,000
Van Ness Elementary School Parent GroupWashington, DC501c3Innovative Schools- Redesign$175,000
Brick Achieve Community Charter SchoolNewark, NJ501c3Innovative Schools$170,000
Fugees Family IncColumbus, OH501c3Innovative Schools$167,500
Coperni 3 (third Future Schools)Colorado Springs, CO501c3Innovative Schools$162,500
The Social Justice SchoolWashington, DC501c3Innovative Schools$150,000
Youthbuild Newark IncNewark, NJ501c3Innovative Schools$150,000
Fund for Public SchoolsNew York, NY-Innovative Schools$145,000
Phoenix International AcademyPhoenix, AZ501c3Innovative Schools$145,000
Springfield Empowerment Zone PartnershipBoston, MA501c3Innovative Schools$145,000
Empower Community High SchoolAurora, CO501c3Innovative Schools$141,500
Achievers Early College Prep Charter SchoolTrenton, NJ501c3Innovative Schools$126,950
Color of Changeorg Education FundOakland, CA501c3Thought Leadership$125,000
Equal Justice InitiativeMontgomery, AL501c3Thought Leadership$125,000
PilotedChicago, IL501c3Innovative Schools$125,000
Latino Educational Equity PartnershipsSan Antonia, TX501c3Innovative Schools$124,500
Caliber SchoolsRichmond, CA501c3Innovative Schools$120,000
Dc International SchoolWashington, DC501c3Innovative Schools$120,000
Echoing GreenNew York, NY501c3Innovative Schools- Redesign$120,000
Education for ChangeOakland, CA501c3Innovative Schools$120,000
I Dream Public Charter School Fka I Dream AcademyWashington, DC501c3Innovative Schools$120,000
The Cube SchoolDenver, CO501c3Innovative Schools$117,150
Breakthrough Charter SchoolMarion, AL-Innovative Schools$115,000
Link Public SchoolsMinneapolis, MN501c3Innovative Schools$115,000
Bricolage AcademyNew Orleans, LA501c3Innovative Schools$107,500
The New School of San FranciscoSan Francisco, CA501c3Innovative Schools$105,000
Diverse Charter Schools CoalitionNew York, NY501c3Innovative Schools$100,000
Great Mn SchoolsMinneapolis, MN501c3Innovative Schools$100,000
High Tech High Graduate School of EducationSan Diego, CA501c3Innovative Schools- Redesign$100,000
Los Angeles Unified School DistrictLos Angeles, CA501c3Innovative Schools$100,000
Marion Military Institute FoundationMarion, AL501c3Innovative Schools$100,000
North Star College Preparatory Academy for BoysWashington, DC501c3Innovative Schools$100,000
Nyc First IncNew York, NY501c3Innovative Schools$100,000
Seton Education PartnersCincinnati, OH501c3Innovative Schools$100,000
The Academy for Creating Excellence (ace)Atlanta, GA501c3Innovative Schools$100,000
Altura SchoolsAlbuquerque, NM501c3Innovative Schools$94,840
Bard High School Early CollegeNew York, NY501c3Innovative Schools- Redesign$90,000
Innovation Schools (dba Willow Public School)Walla Walla, WA501c3Innovative Schools$82,500
Scholarmade Educational Services IncLittle Rock, AR501c3Innovative Schools$76,250
Envision EducationOakland, CA501c3Diverse Leaders$75,800
Teach Western MassSpringfield, MA501c3Diverse Leaders$75,800
Urban Ed AcademySan Francisco, CA501c3Diverse Leaders$75,800
Oakland Public Education FundOakland, CA501c3Oakland Hometown Fund$75,000
Comp Sci HighThe Bronx, NY501c3Innovative Schools$70,000
Lumen High SchoolSpokane, WA501c3Innovative Schools$62,500
Hayward Collegiate Charter SchoolRedwood City, CA501c3Innovative Schools$57,500
Destiny Arts CenterOakland, CA-Oakland Hometown Fund$40,000
Youth AliveOakland, CA-Oakland Hometown Fund$40,000
Youth UprisingOakland, CA-Oakland Hometown Fund$40,000
Vista Unified School DistrictVista, CA501c3Fiscal Sponsorship$38,982
Future Leaders IncubatorBrooklyn, NY501c3Diverse Leaders$35,000
Newark Board of EducationNewark, NJ-Fiscal Sponsorship$34,640
Cambiar EducationSan Diego, CA501c3Diverse Leaders$30,800
Central Detroit Christian Community Development CorporationDetroit, MI501c3Diverse Leaders$30,800
Equity InstituteProvidence, RI501c3Diverse Leaders$30,800
Latinx Education CollaborativeKansas City, MO501c3Diverse Leaders$30,800
Rhode Island School for Progressive EducationProvidence, RIFresno Unified SchooDiverse Leaders$30,800
Tennessee Educators of Color AllianceClarksville, TNMiddletown City SchoDiverse Leaders$30,800
Oxford Day AcademyMenlo Park, CA501c3Innovative Schools$30,000
Urban Act AcademyIndianapolis, IN501c3Innovative Schools$30,000
Middletown City School DistrictMiddletown, OH501c3Fiscal Sponsorship$29,516
He Is Me InstituteBoston, MA501c3Diverse Leaders$27,000
Alma Fuerte Public SchoolAltadena, CA501c3Innovative Schools$25,000
Fresno Unified School DistrictFresno, CA501c3Fiscal Sponsorship$25,000
Mary L Booker Leadership AcademyPacifica, CAGwinnett County BoarInnovative Schools$25,000
Rooted School - New OrleansNew Orleans, LA501c3Innovative Schools$25,000
Detroit Achievement Academy FoundationDetroit, MI501c3Innovative Schools$20,000
Ednovate IncLos Angeles, CA501c3Innovative Schools$20,000
Friends of Brooklyn Laboratory Charter Schools IncBrooklyn, NY-Innovative Schools$20,000
Growth Public SchoolsSacramento, CA501c3Innovative Schools$20,000
Living SchoolNew Orleans, LA501c3Innovative Schools$20,000
Statesmen College Prep AcademyWashington, DC501c3Innovative Schools$20,000
Marin County Office of EducationSan Rafael, CA501c3Innovative Schools$19,080
Gem Innovation Schools of Idaho IncDeary, ID-Innovative Schools$18,400
Grimmway SchoolsShafter, CA501c3Innovative Schools$15,500
Ignite Achievement AcademyIndianapolis, IN501c3Innovative Schools$10,000
TraininggroundsSlidell, LA501c3Diverse Leaders$10,000
Future Public School Foundation IncBoise, ID501c3Innovative Schools$5,000
Mobile Area Education Foundation Public SchoolsMobile, AL501c3Innovative Schools$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
2021-09-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacey Childress
Formed
1998
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
9
Employees
44
Volunteers
10

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 7,039,220. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,039,220. Project consulting services: program service expenses 3,200,342. Management and general expenses 461,609. Fundraising expenses 17,723. Total expenses 3,679,674.”

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 2016.”

Raw XML AppendixShowing 400 of 2,180 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/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt040594
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt064577
IRS990/PayrollTaxesGrp/ProgramServicesAmt0305432
IRS990/PayrollTaxesGrp/TotalAmt0410603
IRS990/PensionPlanContributionsGrp/FundraisingAmt028763
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt037626
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0216611
IRS990/PensionPlanContributionsGrp/TotalAmt0283000
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0750000
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0249046
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0130630
IRS990/PrincipalOfficerNm0STACEY CHILDRESS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0FISCAL SPONSORSHIP
IRS990/ProgramServiceRevenueGrp/Desc1EVENT REGISTRATION FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0567403
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt112500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0567403

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$79,742,823
Liabilities
$1,825,951
Net assets
$77,916,872
Revenue
$65,331,687
Expenses
$42,336,876
Net income
$22,994,811
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
2020Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $50M-$100M nonprofits