Civic Intelligence

New Schools Fund

990 • Fiscal year 2021 • EIN 94-3281780

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 20, 2022

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

18th percentile

0.03x

Higher debt load relative to assets than 18% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

11th percentile

0.03x

Higher debt load relative to revenue than 11% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

9th percentile

-13%

Higher net margin than 9% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

77th percentile

$581,566

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

2nd percentile

-31%

Faster asset growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

6th percentile

-37%

Faster revenue growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$55,397,321

Down $24,345,502 (-31%) from 2020

Net Assets

Down

$53,999,304

Down $23,917,568 (-31%) from 2020

Liabilities

Down

$1,398,017

Down $427,934 (-23%) from 2020

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin9th percentile

Revenue

Down

$41,218,694

Down $24,112,993 (-37%) from 2020

Expenses

Up

$46,697,486

Up $4,360,610 (+10%) from 2020

Net Income

Down

-$5,478,792

Down $28,473,603 (-124%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth2nd 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

2021

Assets$55,397,321
Liabilities$1,398,017
Net Assets$53,999,304
Open 2021 Filing

Operations Trend

Revenue Growth6th 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

2021

Revenue$41,218,694
Expenses$46,697,486
Net Income-$5,478,792
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 20, 2022
Return Version
2021v4.2
Gross Receipts
$63,257,988
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities-$48,723,098-
Investments in Publicly Traded Securities$31,713,225$0▼ $31,713,225
Investments Program Related$7,920,394$5,388,401▼ $2,531,993
Savings and Temporary Cash Investments$907,990$0▼ $907,990
Cash and Non-Interest-Bearing Accounts$38,160,981$572,659▼ $37,588,322
Accounts Receivable$8,373$410,991▲ $402,618
Pledges and Grants Receivable$750,000$150,000▼ $600,000
Prepaid Expenses and Deferred Charges$130,630$77,035▼ $53,595
Land, Buildings, and Equipment, Net$121,230$45,137▼ $76,093
Total Assets$79,742,823$55,397,321▼ $24,345,502
Other Assets Total$30,000$30,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,795,318$789,078▼ $1,006,240
Grants Payable-$422,500-
Deferred Revenue$30,633$186,439▲ $155,806
Total Liabilities$1,825,951$1,398,017▼ $427,934
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$55,714,013$53,999,304▼ $1,714,709
Net Assets With Donor Restrictions$22,202,859$0▼ $22,202,859
Total Net Assets Fund Balance$77,916,872$53,999,304▼ $23,917,568
Total Liabilities and Net Assets / Fund Balance$79,742,823$55,397,321▼ $24,345,502

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,693$456,611$468,304
Leasehold Improvements$0$132,059$132,059
Other Land Buildings$33,444$87,364$120,808
Investment Program Related Org$5,063,399--
Other Securities$46,880,484--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frances MessanoPresident/secretaryFT$350,000$98,569$448,569
Amy OmandCFO/treasurerFT$225,000$62,167$287,167
Heather McmanusChief People OfficerFT$200,000$63,923$263,923
Cameron WhitePartnerFT$169,700$71,423$241,123
Miho KubagawaPartnerFT$180,000$61,045$241,045
Lionel Bialis-whitePartnerFT$169,700$66,456$236,156
Jason AtwoodDirectorFT$172,800$59,003$231,803
Elaine LenoreDirectorFT$160,000$61,562$221,562
Stacey ChildressCEO/presidentPT$150,007$5,693$155,700

Board Members and Trustees

NameTitle
Paula SneedBoard Chair
Brook ByersBoard Member
Charlie WolfsonBoard Member
Christopher GabrieliBoard Member
Cori DuncanBoard Member
Ime ArchibongBoard Member
Kim SmithBoard Member
Lisette NievesBoard Member
Rob StavisBoard Member
Angel MoralesBoard Member (start 03/25/21)

Highest Paid Contractors

ContractorServicesLocationCompensation
Education Analytics INCProject Consulting110 E MAIN ST SUITE 1000, Madison, WI 53703$380,000
Kelvin Education INCProject ConsultingPO BOX 51392, Irvine, CA 92619$310,800
NweaProject ConsultingPO BOX 2745, Portland, OR 97208$299,995
Bellwether Education PartnersProject Consulting517 BOSTON POST ROAD 171, Sudbury, MA 01776$288,318
Edsolutions INCProject Consulting301 W 118TH STREET PH1D, New York, NY 10026$265,000
Revenue and Support

Revenue Composition

Contributions and Grants
$35,927,290
Program Service Revenue
$1,177,819
Investment Income
$4,113,585
Other Revenue
$0
All Other Contributions
$35,927,290
Change in Net Assets
$-5,478,792

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$7,523,356Fair Market Value (FMV)
Total Noncash Contributions4$7,523,356-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$33,496,000
Salaries, Compensation, and Employee Benefits$7,395,926
Other Expenses$5,805,560
Total Fundraising Expense$725,040
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$33,496,000--$33,496,000
Other Salaries and Wages$3,303,222$794,872$379,374$4,477,468
Fees for Services Other$2,931,597$450,713$179,821$3,562,131
Current Officers, Directors, Trustees, and Key Employees$1,057,242$396,926$59,388$1,513,556
Other Employee Benefits$432,318$230,313$37,700$700,331
Information Technology$47,380$593,851$3,551$644,782
Other Expenses$538,398$37,605$362$576,365
Occupancy-$564,339-$564,339
Payroll Taxes$298,577$80,948$34,555$414,080
Pension Plan Contributions$212,322$51,960$26,209$290,491
Advertising$52,000$57,376-$109,376
Office Expenses$24,406$49,883$2,554$76,843
Depreciation Depletion-$76,093-$76,093
Fees for Services Accounting-$75,933-$75,933
Conferences and Meetings$33,613$15,078$1,526$50,217
Travel$25,285$1,303-$26,588
Insurance-$18,563-$18,563
Fees for Services Legal-$18,484-$18,484
Interest-$5,846-$5,846
Total Functional Expenses$42,452,360$3,520,086$725,040$46,697,486
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Impact Public SchoolsTukwila, WA501c3Innovative Schools$565,500
Aldine Independent School DistrictHouston, TX501c3Innovative Schools$525,000
Transcend IncNew York, NY501c3Learning Solutions$517,500
Achievement First IncNew Haven, CT501c3Learning Solutions$505,000
Catalyst Education IncNew Orleans, LA501c3Learning Solutions$500,000
Education Pioneers IncOakland, CA501c3Learning Solutions$500,000
Instruction PartnersNashville, TN501c3Learning Solutions$500,000
UnboundedBaltimore, MD501c3Learning Solutions$500,000
Fugees Family IncColumbus, OH501c3Innovative Schools$493,750
Cambiar EducationSan Diego, CA501c3Diverse Leaders$455,000
Association of Two-way & Dual Language Education (atdle)Soquel, CA-Learning Solutions$400,000
ImmschoolsDallas, TX501c3Learning Solutions$400,000
Together EducationNew York, NY501c3Learning Solutions$400,000
Gwinnett County Board of EducationSuwanee, GA501c3Innovative Schools$377,500
Dallas Independent School DistrictDallas, TXDallas Independent SInnovative Schools$375,000
New York City Department of EducationNew York, NY501c3Innovative Schools$367,500
Fishtank LearningBrighton, MA501c3Learning Solutions$350,000
Teaching LabWashington, DC501c3Learning Solutions$350,000
I3 AcademyBirmingham, ALUniversity of WashinInnovative Schools$335,000
Fayette County Public SchoolsLexington, KY501c3Innovative Schools$320,000
Cajon Valley Union Schools DistrictEl Cajon, CA501c3Innovative Schools$310,000
Liberty Steam Charter SchoolSumter, SC501c3Innovative Schools$310,000
Yu Ming Charter School IiOakland, CA501c3Innovative Schools$310,000
New Venture FundWashington, DC501c3Diverse Leaders$300,000
Purdue Polytechnical High SchoolIndianapolis, IN501c3Innovative Schools$283,750
InquiredChicago, ILGwinnett County BoarLearning Solutions$255,000
Academy for Urban School Leadership (ausl)Chicago, IL501c3Learning Solutions$250,000
Attest Education GroupUpton, MA-Learning Solutions$250,000
Barr CenterSt Louis, MN501c3Learning Solutions$250,000
Capitol Region Education Council FoundationHartford, CT501c3Diverse Leaders$250,000
City Center for Collaborative LearningTucson, AZ501c3Innovative Schools$250,000
Digital Pioneers AcademyWashington, DC501c3Innovative Schools$250,000
Dual Language Education of New Mexico (dlenm)Albuquerque, NM-Learning Solutions$250,000
Emerging Leaders in Technology and Engineering IncNew York, NY501c3Learning Solutions$250,000
Future Leaders IncubatorBrooklyn, NY501c3Diverse Leaders$250,000
He Is Me InstituteBoston, MA501c3Diverse Leaders$250,000
High Tech High Graduate School of EducationSan Diego, CA501c3Learning Solutions$250,000
Montessori Elementary at Highland ParkChattanooga, TNCajon Valley Union SInnovative Schools$250,000
Rio Grande Community Development Corporation (rgcdc)Albuquerque, NM-Learning Solutions$250,000
School Board PartnersNew Orleans, LA501c3Diverse Leaders$250,000
Tennessee Educators of Color AllianceClarksville, TN501c3Diverse Leaders$250,000
The Equity InstituteProvidence, RI501c3Diverse Leaders$250,000
The Modern Classrooms Project IncWashington, DCHighline School DistInnovative Schools$250,000
Atlas Public SchoolsSt Louis, MO501c3Innovative Schools$244,000
Magic City Acceptance AcademyBirmingham, AL501c3Innovative Schools$235,000
Cascade Public SchoolsSeattle, WA501c3Innovative Schools$218,000
Alabama Aerospace and Aviation Schools IncHelena, AL501c3Innovative Schools$215,000
Brillante AcademyMcallen, TXFoundation for PortlInnovative Schools$215,000
Brooklyn Navy Yard Development CorpBrooklyn, NY501c3Innovative Schools$215,000
Central Falls School DistrictCentral Falls, RINew York City DepartInnovative Schools$215,000
Compass Rose HarvestSan Antonio, TXNative American CommInnovative Schools$215,000
Dekalb Brilliance AcademyAtlanta, GA501c3Innovative Schools$215,000
Elevate Academy Foundation IncCaldwell, ID501c3Innovative Schools$215,000
Empower Schools of AlabamaBessemer, AL501c3Innovative Schools$215,000
Excellent Schools New MexicoAlbuquerque, NM501c3Innovative Schools$215,000
Growth Public SchoolsSacramento, CA501c3Innovative Schools$215,000
Piloted Schools of IndianaIndianapolis, IN501c3Innovative Schools$215,000
Rainier Valley Leadership AcademySeattle, WA501c3Innovative Schools$215,000
Seeqs the School for Examining Essential Questions of SustainabilityHonolulu, HI501c3Innovative Schools$215,000
Zest EducationSt Louis, MO501c3Innovative Schools$215,000
Pinnacles Prep Charter SchoolWenatchee, WA501c3Innovative Schools$214,000
Kairos AcademiesSt Louis, MO501c3Innovative Schools$212,500
Global Citizens Public Charter SchoolBowie, MD501c3Innovative Schools$210,000
San Marcos CisdSan Marcos, TX501c3Innovative Schools$202,500
All in EducationPhoenix, AZ501c3Diverse Leaders$200,000
Bee Partners LLCConroe, TX501c3Learning Solutions$200,000
Black Men TeachHopkins, MN-Diverse Leaders$200,000
Black Mothers Forum IncPhoenix, AZ-Innovative Schools$200,000
Charlotte Bilingual PreschoolCharlotte, NC-Diverse Leaders$200,000
Diversity in Leadership InstituteLos Angeles, CA501c3Diverse Leaders$200,000
Evision Academy ProgramsMemphis, TN501c3Learning Solutions$200,000
Get Launched ConsultingCambridge, MA501c3Diverse Leaders$200,000
Griptape IncNew York, NY501c3Innovative Schools$200,000
Inlier LearningBerkeley, CA501c3Learning Solutions$200,000
Institute for Student AchievementNew York, NYRenton School DistriDiverse Leaders$200,000
Jacksonville Public Education FundJacksonville, FL-Diverse Leaders$200,000
Jayne B CompanyHoboken, NJ501c3Learning Solutions$200,000
Langinnov IncNew York, NY501c3Learning Solutions$200,000
Latinx Education CenterChapel Hill, NC501c3Diverse Leaders$200,000
Latinx Education CollaborativeKansas City, MO501c3Diverse Leaders$200,000
Native American Community Academy (naca Elementary)Albuquerque, NM501c3Learning Solutions$200,000
Pave - Parents Amplifying Voices in EducationWashington, DCSan Marcos CisdDiverse Leaders$200,000
Read Aloud Productions IncWorcester, MA501c3Learning Solutions$200,000
Real School Gardens Dba Out TeachWashington, DC-Innovative Schools$200,000
Saga Innovations Inc Dba Woot MathNewton, MA501c3Innovative Schools$200,000
Teach Western MassSpringfield, MA501c3Diverse Leaders$200,000
The Fellowshipbmec IncPhiladelphia, PA501c3Diverse Leaders$200,000
The Literacy Architects LLCDallas, TX501c3Learning Solutions$200,000
Tutored by Teachers IncRidgewood, NJ501c3Learning Solutions$200,000
University of WashingtonSeattle, WACentral Falls SchoolInnovative Schools$200,000
Words Liive IncWashington, DC501c3Learning Solutions$200,000
Achievers Early College Prep Charter SchoolTrenton, NJ501c3Innovative Schools$190,000
Foundation for Portland Public SchoolsPortland, ME-Diverse Leaders$175,000
Renton School DistrictRenton, WA-Diverse Leaders$175,000
Coperni 3 (third Future Schools)Colorado Springs, CO501c3Innovative Schools$162,500
Intrinsic SchoolsChicago, IL501c3Innovative Schools$162,500
Kansas City Girls Preparatory AcademyKansas City, MO501c3Innovative Schools$162,500
Legacy SchoolsBirmingham, AL501c3Innovative Schools$162,500
Mobile Area Education Foundation Public SchoolsMobile, AL501c3Innovative Schools$160,000
Zeta Charter SchoolsThe Bronx, NY501c3Innovative Schools$160,000
A SCHOOLS PITTSBURGH'S COMMUNITY ALLIANCE FOR PUBLIC EDUCATIONPittsburgh, PA-Diverse Leaders$150,000
AlasNew Orleans, LA-Racial Equity$150,000
Another Lens Staffing & Hr Consulting Firm LLCFoxboro, MA-Diverse Leaders$150,000
Atlanta Partners for EducationAtlanta, GA501c3Diverse Leaders$150,000
Black Girls Do Stem StlSt Louis, MO-Racial Equity$150,000
Communitybuild VenturesAtlanta, GA-Diverse Leaders$150,000
Counseling in Schools IncNew York, NY-Diverse Leaders$150,000
Detroit Heals DetroitEastpointe, MI-Racial Equity$150,000
Fletcher Education Solutions LLC (test Prep Institute)Plumerville, AR-Diverse Leaders$150,000
Freedom Dreaming LLCRound Rock, TX501c3Diverse Leaders$150,000
HIPEEXNU' KII'U NUUN WISIIXLapwai, ID-Racial Equity$150,000
Mindcatcher EducationSan Francisco, CA-Racial Equity$150,000
Mosaic ChangemakersNashville, TN501c3Diverse Leaders$150,000
Mosaic School Support SolutionsPhiladelphia, PA501c3Diverse Leaders$150,000
Passion Driven LeadershipShreveport, LA-Diverse Leaders$150,000
Progreso Latino IncCentral Falls, RI-Diverse Leaders$150,000
ProjecthealEl Segundo, CA-Racial Equity$150,000
Salem Education Foundation IncSalem, MA-Racial Equity$150,000
THE TEACHERS' LOUNGE INCRoslindale, MA-Diverse Leaders$150,000
The Innova CollectiveDecatur, GA501c3Diverse Leaders$150,000
The Language Preservation ProjectHouston, TX-Diverse Leaders$150,000
The National Association of Black Male EducatorsClinton, MD501c3Diverse Leaders$150,000
The Transition AcademyKansas City, MO-Racial Equity$150,000
TruefiktionChicago, IL-Racial Equity$150,000
Watts of Power FoundationLos Angeles, CA-Diverse Leaders$150,000
Breakthrough Charter SchoolMarion, AL501c3Innovative Schools$145,000
HIGHLINE SCHOOL DISTRICT #401Burien, WA-Innovative Schools$145,000
Catalyst Public SchoolsSeattle, WA501c3Innovative Schools$141,000
Empower Community High SchoolAurora, CO501c3Innovative Schools$139,000
Aspira High SchoolNewark, DE501c3Innovative Schools$135,000
Springfield Empowerment Zone PartnershipBoston, MA501c3Innovative Schools$135,000
The Sojourner Truth SchoolWashington, DC501c3Innovative Schools$127,500
Phoenix International AcademyPhoenix, AZ501c3Innovative Schools$125,000
Da Vinci SchoolsEl Segundo, CA501c3Innovative Schools$120,000
Believe SchoolsIndianapolis, IN501c3Innovative Schools$115,000
Diverse Charter Schools CoalitionNew York, NY501c3Innovative Schools$115,000
Nyc First IncNew York, NY501c3Innovative Schools$115,000
Vertex Partnership NetworkNew York, NY501c3Innovative Schools$115,000
Rooted School - IndianapolisIndianapolis, IN501c3Innovative Schools$108,750
Kipp New York IncNew York, NY501c3Innovative Schools$105,000
Latino Educational Equity PartnershipsSan Antonia, TX501c3Innovative Schools$104,500
Education First Consulting LLCSeattle, WA501c3Innovative Schools$100,000
Envision EducationOakland, CA501c3Diverse Leaders$100,000
Innovate Public SchoolsSan Jose, CA501c3Diverse Leaders$100,000
Rhode Island School for Progressive EducationProvidence, RI501c3Diverse Leaders$100,000
School Board SchoolCincinnati, OH501c3Diverse Leaders$100,000
The Clayton Christensen Institute for Disruptive Innovation IncLexington, MA501c3Innovative Schools$100,000
Urban Ed AcademySan Francisco, CAFayette County PubliDiverse Leaders$100,000
Brick Achieve Community Charter SchoolNewark, NJ501c3Innovative Schools$95,000
Charlotte Lab School IncCharlotte, NC501c3Innovative Schools$95,000
The Social Justice SchoolWashington, DC501c3Innovative Schools$95,000
Fund for Public SchoolsNew York, NY501c3Innovative Schools$82,500
I Dream Public Charter School Fka I Dream AcademyWashington, DC501c3Innovative Schools$80,000
Van Ness Elementary School Parent GroupWashington, DC501c3Learning Solutions$75,000
Youthbuild Newark IncNewark, NJ501c3Innovative Schools$75,000
Lumen High SchoolSpokane, WA501c3Innovative Schools$72,500
The New School of San FranciscoSan Francisco, CA501c3Innovative Schools$65,000
Scholarmade Educational Services IncLittle Rock, AR501c3Innovative Schools$56,250
Hayward Collegiate Charter SchoolRedwood City, CA501c3Innovative Schools$42,500
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
Yes
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
2022-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacey Childress
Formed
1998
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
10
Employees
48
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 III, Line 3

“In 2021, newschools ceased being the fiscal sponsor of aerdf, as aerdf was setup as its own legal entity and obtained 501(c)(3) status.”

FORM 990, PART XI, LINE 9:

“Net asset transfer -18,464,054. Returned grant funds 104,879.”

Financial Statement Notes

PART X, LINE 2:

“The consolidated entity has been granted tax-exempt status by the internal revenue service under internal revenue code ("irc") section 501(c)(3) and california revenue and tax codes and accordingly, is exempt from income taxes on related business income. Contributions to the consolidated entity are deductible for income tax purposes under irc section 170(b)(1)(a). The consolidated entity's current accounting policy is to evaluate uncertain tax positions. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. Management evaluated the consolidated entity's tax positions and concluded that the consolidated entity had maintained its tax exempt status and had taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements. The consolidated entity is no longer subject to income tax examinations by federal and state tax authorities for tax years before 2017.”

Raw XML AppendixShowing 400 of 2,409 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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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,397,321
Liabilities
$1,398,017
Net assets
$53,999,304
Revenue
$41,218,694
Expenses
$46,697,486
Net income
-$5,478,792
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
2021Detailed filing. Detailed filing data is available for this year.$55.4$1.40$54.0$41.2$46.7$5.48
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.7$1.83$77.9$65.3$42.3$23.0
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.9$0.88$55.0$56.2$43.6$12.6
2018Summary only. Only limited summary data is available for this year.$44.6$1.59$43.0$39.5$35.3$4.18
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.5$0.89$37.6$36.6$35.7$0.88
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.6$2.37$37.3$94.9$91.5$3.39
2015Detailed filing. Detailed filing data is available for this year.$38.0$0.89$37.1$56.2$54.4$1.82
2014Summary only. Only limited summary data is available for this year.$41.7$4.15$37.5$23.6$31.7$8.07
2013Detailed filing. Detailed filing data is available for this year.$48.6$3.13$45.5$30.9$24.5$6.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.8$2.64$39.2$28.7
2011Summary only. Only limited summary data is available for this year.$54.1$3.37$50.8$23.9$25.5$1.64