Civic Intelligence

New Schools Fund

990 • Fiscal year 2022 • EIN 94-3281780

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 09, 2023

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

24th percentile

0.05x

Higher debt load relative to assets than 24% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

12th percentile

0.05x

Higher debt load relative to revenue than 12% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

76th percentile

$583,316

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

89th percentile

31%

Faster asset growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

81%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets24th percentile

Assets

Flat

$72,482,557

Flat from 2022

Net Assets

Flat

$68,568,961

Flat from 2022

Liabilities

Flat

$3,913,596

Flat from 2022

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin73rd percentile

Revenue

Flat

$74,508,851

Flat from 2022

Expenses

Flat

$59,432,356

Flat from 2022

Net Income

Flat

$15,076,495

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth89th 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 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

2022

Assets$72,482,557
Liabilities$3,913,596
Net Assets$68,568,961
Open 2022 Filing

Operations Trend

Revenue Growth92nd 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 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

2022

Revenue$74,508,851
Expenses$59,432,356
Net Income$15,076,495
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 9, 2023
Return Version
2022v5.0
Gross Receipts
$76,757,653
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$63,480,736▲ $14,757,638
Investments Program Related$5,388,401$4,758,771▼ $629,630
Prepaid Expenses and Deferred Charges$77,035$2,104,529▲ $2,027,494
Cash and Non-Interest-Bearing Accounts$572,659$876,593▲ $303,934
Accounts Receivable$410,991$617,950▲ $206,959
Pledges and Grants Receivable$150,000$584,111▲ $434,111
Land, Buildings, and Equipment, Net$45,137$29,867▼ $15,270
Total Assets$55,397,321$72,482,557▲ $17,085,236
Other Assets Total$30,000$30,000→ $0
Liabilities
Other Liabilities$0$2,180,093▲ $2,180,093
Accounts Payable and Accrued Expenses$789,078$963,503▲ $174,425
Grants Payable$422,500$520,000▲ $97,500
Deferred Revenue$186,439$250,000▲ $63,561
Total Liabilities$1,398,017$3,913,596▲ $2,515,579
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$53,999,304$67,387,270▲ $13,387,966
Net Assets With Donor Restrictions-$1,181,691-
Total Net Assets Fund Balance$53,999,304$68,568,961▲ $14,569,657
Total Liabilities and Net Assets / Fund Balance$55,397,321$72,482,557▲ $17,085,236

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,202$369,443$384,645
Equipment$14,665$202,764$217,429
Leasehold Improvements$0$132,059$132,059
Investment Program Related Org$4,433,769--
Other Securities$4,476,372--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frances MessanoPresident/secretaryFT$373,998$104,820$478,818
Heather McmanusChief People OfficerFT$243,702$77,618$321,320
Danielle Kristine ToussaintChief External Affairs OfficerFT$243,701$71,552$315,253
Amy OmandCFO/treasurer (thru 12/22)FT$227,457$63,800$291,257
Mia HowardManaging PartnerFT$193,650$66,908$260,558
Cameron WhitePartnerFT$181,100$79,224$260,324
Lionel Bialis-whitePartnerFT$181,100$73,936$255,036
Katiusca MorenoSenior Partner, Diverse LeadersFT$186,700$65,321$252,021
Jason AtwoodDirectorFT$182,700$61,478$244,178
Stacey ChildressCEO (thru 12/22)PT$150,006$6,125$156,131
Christopher LozierChief Operating OfficerFT$120,255$17,546$137,801

Board Members and Trustees

NameTitle
Paula SneedBoard Chair
Angel MoralesBoard Member
Brook ByersBoard Member
Charlie WolfsonBoard Member
Christopher GabrieliBoard Member
Cori DuncanBoard Member
Ime ArchibongBoard Member
Kim SmithBoard Member
Lisette NievesBoard Member
Michelle BoyersBoard Member (as of 11/22)
Rob StavisBoard Member (thru 12/8/22)

Highest Paid Contractors

ContractorServicesLocationCompensation
Catalyst EducationProject Consulting612 ANDREW HIGGINS BLVD, New Orleans, LA 70130$910,026
Kelvin Education INCProject ConsultingPO BOX 51392, Irvine, CA 92619$507,275
Education Analytics INCProject Consulting110 E MAIN ST SUITE 1000, Madison, WI 53703$376,400
NweaProject ConsultingPO BOX 2745, Portland, OR 97208$345,546
Bellwether Education PartnersProject Consulting517 BOSTON POST ROAD 171, Sudbury, MA 01776$332,236
Revenue and Support

Revenue Composition

Contributions and Grants
$71,533,539
Program Service Revenue
$1,165,440
Investment Income
$1,807,772
Other Revenue
$2,100
All Other Contributions
$71,533,539
Change in Net Assets
$15,076,495

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$7,163,879Fair Market Value (FMV)
Total Noncash Contributions4$7,163,879-

Audited Revenue Reconciliation

Revenue per Audited Statements
$74,508,851
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-948,588
Total Revenue per Audited Statements
$73,560,263
Total Revenue per Form 990
$74,508,851
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$40,464,130
Salaries, Compensation, and Employee Benefits$10,226,906
Other Expenses$8,741,320
Total Fundraising Expense$1,228,483
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$40,464,130--$40,464,130
Other Salaries and Wages$4,888,139$1,171,998$561,345$6,621,482
Fees for Services Other$3,785,593$931,808$169,212$4,886,613
Current Officers, Directors, Trustees, and Key Employees$475,102$987,931$237,553$1,700,586
Other Expenses$1,288,009$103,452$59,547$1,451,008
Other Employee Benefits$598,190$223,410$90,113$911,713
Occupancy$3,385$821,015-$824,400
Information Technology$30,885$674,766$3,330$708,981
Payroll Taxes$399,079$110,890$48,453$558,422
Pension Plan Contributions$330,522$67,214$36,967$434,703
Travel$158,975$130,753$11,254$300,982
Advertising$50,500$104,623-$155,123
Office Expenses$40,327$108,880$5,737$154,944
Conferences and Meetings$40,619$62,911$4,972$108,502
Fees for Services Accounting-$84,828-$84,828
Depreciation Depletion-$28,232-$28,232
Insurance-$26,572-$26,572
Interest$330$9,125-$9,455
Fees for Services Legal-$1,680-$1,680
Total Functional Expenses$52,553,785$5,650,088$1,228,483$59,432,356

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$59,432,356
Expenses per Audited Statements$58,990,606
Total Expenses per Audited Statements$58,990,606
Expenses Not Reported on Financial Statements$441,750
Other Expense Adjustments$441,750
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Diversity in Leadership InstituteProvidence, RI501(c)(3)Diverse Leaders$750,000
Cambiar EducationCasa Grande, AZ501(c)(3)Diverse Leaders$500,000
Family Engagement LabLexington, KY501(c)(3)Edge$500,000
Rivet School (fka Concourse Education)Rosebud, SD-Edge$500,000
School Board PartnersHonolulu, HI-Edge$500,000
Seattle FoundationKennesaw, GA-Edge$500,000
Sown to Grow IncBoston, MA-Edge$500,000
Teton Science SchoolsUpper Marlboro, MD-Edge$500,000
The Modern Classrooms Project IncSan Francisco, CA-Edge$500,000
Fund for Public SchoolsSandy Springs, GA501(c)(3)Innovative Schools$497,500
Purdue Polytechnical High SchoolRound Rock, TX-Innovative Schools$471,250
Dallas Independent School DistrictAtlanta, GA501(c)(3)Innovative Schools$405,000
Academy for Urban School Leadership (ausl)Chicago, IL, Rq501(c)(3)Learning Solutions$350,000
Fishtank LearningRound Rock, AL501(c)(3)Learning Solutions$350,000
Green Schools National Network IncSacramento, CA501(c)(3)Racial Equity$350,000
High Tech High Graduate School of EducationMenlo Park, CA501(c)(3)Learning Solutions$350,000
Local CivicsMobile, AL501(c)(3)Learning Solutions$350,000
Mundo Verde Bilingual Public Charter SchoolOrlando, FL501(c)(3)Learning Solutions$350,000
The Calculus ProjectPalo Alto, CA-Racial Equity$350,000
Impact Public SchoolsBerkeley, CA501(c)(3)Innovative Schools$337,000
Gwinnett County Board of EducationLos Angeles, CA501(c)(3)Innovative Schools$320,000
Aventura Community SchoolNashville, TN501(c)(3)Innovative Schools$315,000
Becoming Collegiate AcademyJacksonville, FL501(c)(3)Innovative Schools$315,000
Compass Rose HarvestDenver, CO501(c)(3)Innovative Schools$315,000
Dekalb Brilliance AcademyWashington, DCGovtInnovative Schools$315,000
Ednovate IncOakland, CAGovtInnovative Schools$315,000
Nyc FirstIndianapolis, IN501(c)(3)Innovative Schools$315,000
Thrive Community School FoundationLafayette, CA-Innovative Schools$315,000
Yu Ming Charter School Ii--Innovative Schools$315,000
Montessori for All IncWashington, DC501(c)(3)Learning Solutions$300,000
The Literacy Architects LLCClinton, MD-Learning Solutions$300,000
Empower Schools of AlabamaSanta Barbara, CA501(c)(3)Innovative Schools$287,500
Catalyst Public SchoolsCedar Rapids, IA501(c)(3)Innovative Schools$281,000
Alabama Aerospace and Aviation Schools IncHelena, AL501(c)(3)Innovative Schools$265,000
Da Vinci SchoolsDallas, TX501(c)(3)Innovative Schools$265,000
Elevate Academy Foundation IncBessemer, AL501(c)(3)Innovative Schools$258,000
The Social Justice SchoolOakland, CA-Innovative Schools$255,000
7 Generation GamesMinneapolis, MN, Rq501(c)(3)Racial Equity$250,000
All in EducationPhoenix, AZ501(c)(3)Diverse Leaders$250,000
Bee Partners LLCConroe, TX501(c)(3)Learning Solutions$250,000
Bridge 2 Hope St Louis Parent InstituteKansas City, MO501(c)(3)Diverse Leaders$250,000
Edunomics Lab Georgetown UniversityBranford, CT501(c)(3)Edge$250,000
EdwellCaldwell, ID501(c)(3)Edge$250,000
Fayette County Public SchoolsBrighton, MA501(c)(3)Innovative Schools$250,000
He Is Me InstituteSan Diego, CA501(c)(3)Diverse Leaders$250,000
Inlier LearningWashington, DC501(c)(3)Learning Solutions$250,000
Innovation for EquityNew York, NY501(c)(3)Diverse Leaders$250,000
Institute for Student AchievementIndianapolis, IN501(c)(3)Diverse Leaders$250,000
Journalistic Learning InitiativeSt Louis, MO501(c)(3)Racial Equity$250,000
Latinx Education CenterBlue Island, IL501(c)(3)Diverse Leaders$250,000
Lead CollaborativeSumter, SC501(c)(3)Diverse Leaders$250,000
Liberation JourneysNew York, NY501(c)(3)Racial Equity$250,000
National Equity ProjectWashington, CA501(c)(3)Edge$250,000
OJISDA' SUSTAINABLE INDIGENOUS FUTURESLadera Ranch, CA501(c)(3)Learning Solutions$250,000
Players Philanthropy Fund (ppf)Minneapolis, MN-Diverse Leaders$250,000
Public ImpactBoston, MA-Edge$250,000
Rennie Center for Education Research & PolicyRichmond, CA-Edge$250,000
Rise Child Development CenterIndianapolis, IN-Learning Solutions$250,000
Ser Familia IncFontana, CA-Edge$250,000
Stepmojo Education LLCChicago, IL-Edge$250,000
Tennessee Educators of Color AllianceAtlanta, GA-Diverse Leaders$250,000
The Braille Box Inc Dba the Braille Box InitiativeWashington Dc, DC-Learning Solutions$250,000
The Craft Education System IncProvidence, RI-Edge$250,000
The Equity InstituteNew York, NY-Diverse Leaders$250,000
The Institute for Anti-racist Education IncDallas, TX-Racial Equity$250,000
The Oakland ReachWashington, DC-Edge$250,000
The Teaching WellSanta Fe, NM-Edge$250,000
Thrive Industries IncorporatedWarwick, MA-Edge$250,000
The Opportunity TrustWashington, DC-Innovative Schools$240,000
Latino Educational Equity PartnershipsBelmont, MA501(c)(3)Innovative Schools$231,000
The University of Memphis FoundationWashington, DC-Innovative Schools$230,000
University of New MexicoVancouver, WA-Learning Solutions$227,500
The New School of San FranciscoSt Louis, MO-Innovative Schools$222,500
Academy of Visual and Performing ArtsArlington, TXAldine Independent SInnovative Schools$215,000
Bank Street College of EducationNew York, NY501(c)(3)Innovative Schools$215,000
Bes IncBoston, MACasa Grande Union HiInnovative Schools$215,000
Binghampton Community SchoolCordova, TN501(c)(3)Innovative Schools$215,000
Boys and Girls Club of Puerto RicoMarion, ALCedar Rapids CommuniInnovative Schools$215,000
Casa Grande Union High School DistrictSeattle, WA501(c)(3)Innovative Schools$215,000
Cedar Rapids Community School DistrictBoulder, CO501(c)(3)Innovative Schools$215,000
Lake County Regional Office of EducationSan Antonia, TX501(c)(3)Innovative Schools$215,000
Moonshot EdventuresAlbuquerque, NM501(c)(3)Innovative Schools$215,000
New Visions for Public Schools IncNewark, NJGovtInnovative Schools$215,000
Sankofa MontessoriNew Orleans, LA-Innovative Schools$215,000
The Anchor SchoolMemphis, TN-Innovative Schools$215,000
The Hope ParadigmPassaic, NJ-Innovative Schools$215,000
The Legacy SchoolWashington, DC-Innovative Schools$215,000
Town of Warwick MaAlbuquerque, NM-Innovative Schools$215,000
Washtenaw Intermediate School DistrictNew York, NY-Innovative Schools$215,000
Beereaders IncAustin, TX501(c)(3)Racial Equity$200,000
Bernalillo Public SchoolsBernalillo, NM501(c)(3)Diverse Leaders$200,000
Black Educator Advocates NetworkSalisbury, NC501(c)(3)Diverse Leaders$200,000
Brothers Liberating Our CommunitiesPhiladelphia, PA501(c)(3)Diverse Leaders$200,000
Cognitive Toybox IncSan Antonio, TX501(c)(3)Edge$200,000
Dyslexia Alliance for Black ChildrenNeedham, MA501(c)(3)Edge$200,000
Earlybird EducationLos Angeles, CA501(c)(3)Learning Solutions$200,000
Educate78 (dba Leadership for Liberation)New York, NY501(c)(3)Diverse Leaders$200,000
Freedom Dreaming LLCColumbus, OH501(c)(3)Diverse Leaders$200,000
Hoogalit IncWashington, DC501(c)(3)Racial Equity$200,000
Iep&meTukwila, WA501(c)(3)Edge$200,000
Intensified Accelerated Systems IncEugene, OR501(c)(3)Racial Equity$200,000
Naca Inspired Schools NetworkOakland, CA501(c)(3)Diverse Leaders$200,000
New Venture FundNew York, NY501(c)(3)Diverse Leaders$200,000
Newark Opportunity Youth NetworkSpencer, RI501(c)(3)Diverse Leaders$200,000
OneinfivePrinceton, NJ501(c)(3)Edge$200,000
OpenseatKansas City, MO-Edge$200,000
Outline It IncPhoenix, AZ-Learning Solutions$200,000
Parent Power LabWenatchee, WA-Diverse Leaders$200,000
Sims-fayola FoundationOakland, CA-Diverse Leaders$200,000
Social CipherNew Orleans, LA-Edge$200,000
Special Education Leadership Fellowship (self)Jersey City, NJ-Edge$200,000
The Apti ModelRandolph, MA-Learning Solutions$200,000
The Inspired Community Project IncRichmond Heights, OH-Edge$200,000
The National Association of Black Male EducatorsOakland, CA-Diverse Leaders$200,000
Thriving School PsychologistLivingston, AL-Edge$200,000
I3 AcademyOakland, CAGovtInnovative Schools$190,000
Breakthrough Charter SchoolNewark, NJ501(c)(3)Innovative Schools$180,000
Admissions GambitBrookeville, MD501(c)(3)Racial Equity$165,000
Aldine Independent School DistrictHouston, TX501(c)(3)Innovative Schools$165,000
Build Our Lives Together IncHartsville, SC501(c)(3)Racial Equity$165,000
Cajon Valley Union Schools DistrictSan Diego, CADallas Independent SInnovative Schools$165,000
Code Switch Restorative Justice for Girls of ColorBrooklyn, DC501(c)(3)Racial Equity$165,000
Convivir ColoradoEl Segundo, CA501(c)(3)Racial Equity$165,000
Navigate the Maze to Achievement IncNew York, NYGovtRacial Equity$165,000
Project OnetenCarrboro, NC-Racial Equity$165,000
Propel NonprofitsIndianapolis, IN-Racial Equity$165,000
TasselturnJackson, WY-Racial Equity$165,000
The Emancipated LLCBirmingham, MI-Racial Equity$165,000
We Love PhillyDallas, TX-Racial Equity$165,000
Young Leaders Strong CityOakland, CA-Racial Equity$165,000
Change VegasCharlotte, NC501(c)(3)Diverse Leaders$160,000
Families in Action IncSan Francisco, CAGovtDiverse Leaders$160,000
Georgia Educators for Equity and JusticeBowie, MO501(c)(3)Diverse Leaders$160,000
Hope Baseball AcademyRedwood City, CA501(c)(3)Diverse Leaders$160,000
KconnectLibertyville, ILSan Marcos CisdDiverse Leaders$160,000
Man Up Teacher FellowshipChattanooga, TN501(c)(3)Diverse Leaders$160,000
Mcel (men of Color in Ed Leadership)Austin, DC501(c)(3)Diverse Leaders$160,000
Nap Ford Community School IncBrooklyn, NY501(c)(3)Diverse Leaders$160,000
Rosebud Sioux Tribe Education DepartmentSan Marcos, TX-Diverse Leaders$160,000
Teech (teaching for Equity Empowerment and Community Healing)Clarksville, TN-Diverse Leaders$160,000
The Canizales GroupAlameda, CA-Diverse Leaders$160,000
Village of Wisdom IncAnn Arbor, MI-Diverse Leaders$160,000
Voice4equityPhiladelphia, PA-Diverse Leaders$160,000
Zeta Charter Schools--Innovative Schools$160,000
Atlas Public SchoolsSt Louis, MO501(c)(3)Innovative Schools$157,000
Accelerate EducationTampa, FL501(c)(3)Edge$150,000
Area L AhecRocky Mount, NCBernalillo Public ScEdge$150,000
Celebrate EduLas Vegas, NV501(c)(3)Edge$150,000
Empowerment Works IncRed Lake, MN501(c)(3)Racial Equity$150,000
Expert IepProvidence, RI501(c)(3)Edge$150,000
University Charter SchoolDurham, NC-Innovative Schools$150,000
WethriveNewark, CA-Edge$150,000
Latinos for EducationChapel Hill, NC501(c)(3)Edge$146,630
Aspira High SchoolNewark, DE501(c)(3)Innovative Schools$140,000
Believe SchoolsIndianapolis, INCajon Valley Union SInnovative Schools$140,000
Global Citizens Public Charter SchoolIowa City, IA501(c)(3)Innovative Schools$140,000
Magic City Acceptance AcademyRiverview, FL501(c)(3)Innovative Schools$140,000
Digital Pioneers AcademyLos Angeles, CA501(c)(3)Innovative Schools$135,000
Montessori Elementary at Highland ParkDenver, CO501(c)(3)Innovative Schools$135,000
Pinnacles Prep Charter SchoolChicago, IL-Innovative Schools$132,000
The Sojourner Truth SchoolMemphis, LA-Innovative Schools$127,500
Cascade Public SchoolsSeattle, WA501(c)(3)Innovative Schools$119,000
Rooted School - IndianapolisSan Antonio, TX-Innovative Schools$118,750
Brick Achieve Community Charter SchoolSaint Louis, MO501(c)(3)Innovative Schools$115,000
Butler AcademyEl Cajon, CA501(c)(3)Innovative Schools$115,000
Endazhi-nitaawiging the Place Where It GrowsMiddletown, DE501(c)(3)Innovative Schools$115,000
Charlotte Lab School IncHenderson, NV501(c)(3)Innovative Schools$105,000
Diversity Talks Pd IncNew Rochelle, NY501(c)(3)Diverse Leaders$100,000
Educators for ExcellenceWashington, DC501(c)(3)Diverse Leaders$100,000
I Dream Public Charter School Fka I Dream AcademyBirmingham, AL501(c)(3)Innovative Schools$100,000
Saagara PllcAtlanta, GA-Edge$100,000
Maef Public Charter Schools IncCordova, TN501(c)(3)Innovative Schools$90,000
Fugees Family IncNew York, NY501(c)(3)Innovative Schools$88,750
New York City Department of EducationNew York, NYWashtenaw IntermediaInnovative Schools$86,250
Springfield Empowerment Zone PartnershipSaint Paul, MN-Innovative Schools$72,500
Youthbuild Newark IncThe Bronx, NY-Innovative Schools$70,000
Kairos AcademiesKansas City, MO501(c)(3)Innovative Schools$40,000
Kansas City Girls Preparatory AcademyGrand Rapids, MIGovtInnovative Schools$30,000
Liberty Steam Charter SchoolSpokane, WA501(c)(3)Innovative Schools$30,000
Phoenix International AcademyTowson, MD-Innovative Schools$30,000
Lumen High SchoolBirmingham, AL501(c)(3)Innovative Schools$25,000
Scholarmade Educational Services IncSeattle, WA-Innovative Schools$25,000
Hayward Collegiate Charter SchoolBoston, MA501(c)(3)Innovative Schools$15,000
San Marcos CisdLittle Rock, AR-Innovative Schools$15,000
Growth Public SchoolsSuwanee, GA501(c)(3)Innovative Schools$12,500
Seeqs the School for Examining Essential Questions of SustainabilityDenver, CO-Innovative Schools$10,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lt Lease Liability$1,440,615
St Lease Liability$739,478
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 finance director for review. The finance director 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 coo encourages the board of directors to review the form 990 and to forward any questions. The coo will address questions from the board of directors.”

Form 990, Part VI, Section B, Line 12C

“The organization requires that its officers, employees, and agents report any potential conflict of interest to the ceo, who reviews any such report with the full board of directors, which then makes a determination as to whether any such conflict exists. The board of directors documents any such determination in the minutes of the appropriate meetings of the board of directors and any directive pertaining thereto. Conflicts that relate to an investment decision requiring board approval result in the recusal of that individual from the recommendation and approval process.”

Form 990, Part VI, Section B, Line 15

“The organization obtained compensation studies from several independent sources to compile information used as a metric for salary increases across the organization, including the ceo and other executive management. The compensation committee, a subcommittee of the board of directors (bod), conducts the review of the ceo and develops a recommendation for the full bod. The formal performance evaluation and compensation decision is done in executive session. The ceo conducts performance reviews and sets compensation for the senior executives reporting to her.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and conflict of interest policy available to the public upon request. Financial statements are available to the public at all times on the organization's website.”

Filing and Contact Details

Filer

Filer Name
New Schools Fund
EIN
94-3281780
Phone
4156156860
Address
1616 FRANKLIN STREET 2ND FLOOR, OAKLAND, CA 94612
Doing Business As
Newschools Venture Fund

Signing Officer

Name
Chris Lozier
Title
COO
Phone
4156156860
Signed
2023-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Lozier
Formed
1998
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
10
Employees
56
Volunteers
11

Preparer

Firm
Armanino Llp
Address
2700 CAMINO RAMON STE 350, SAN RAMON, CA 94583-5004
Preparer
Katy Brown
Phone
9257902600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“RETURNED GRANT 441,750.”

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 2018.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“GRANT REFUNDED 441,750.”

Raw XML AppendixShowing 400 of 2,698 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/InformationTechnologyGrp/FundraisingAmt03330
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0674766
IRS990/InformationTechnologyGrp/ProgramServicesAmt030885
IRS990/InformationTechnologyGrp/TotalAmt0708981
IRS990/InsuranceGrp/ManagementAndGeneralAmt026572
IRS990/InsuranceGrp/TotalAmt026572
IRS990/InterestGrp/ManagementAndGeneralAmt09125
IRS990/InterestGrp/ProgramServicesAmt0330
IRS990/InterestGrp/TotalAmt09455
IRS990/InvestmentIncomeGrp/ExclusionAmt01558455
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01558455
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt048723098
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt063480736
IRS990/InvestmentsProgramRelatedGrp/BOYAmt05388401
IRS990/InvestmentsProgramRelatedGrp/EOYAmt04758771
IRS990/IRPDocumentCnt0107
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0704266
IRS990/LandBldgEquipBasisNetGrp/BOYAmt045137
IRS990/LandBldgEquipBasisNetGrp/EOYAmt029867
IRS990/LandBldgEquipCostOrOtherBssAmt0734133
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02248802
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt053999304
IRS990/NetAssetsOrFundBalancesEOYAmt068568961
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0249317
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0249317
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt02100
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02100
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-948588
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt053999304
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt067387270
IRS990/NoncashContributionsAmt07163879
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0821015
IRS990/OccupancyGrp/ProgramServicesAmt03385
IRS990/OccupancyGrp/TotalAmt0824400
IRS990/OfficeExpensesGrp/FundraisingAmt05737
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0108880
IRS990/OfficeExpensesGrp/ProgramServicesAmt040327
IRS990/OfficeExpensesGrp/TotalAmt0154944
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt030000
IRS990/OtherAssetsTotalGrp/EOYAmt030000
IRS990/OtherChangesInNetAssetsAmt0441750
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt090113
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0223410
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0598190
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0911713
IRS990/OtherExpensesGrp/Desc0EVENTS
IRS990/OtherExpensesGrp/FundraisingAmt059547
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0103452
IRS990/OtherExpensesGrp/ProgramServicesAmt01288009
IRS990/OtherExpensesGrp/TotalAmt01451008
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt02180093
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0561345
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01171998
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04888139
IRS990/OtherSalariesAndWagesGrp/TotalAmt06621482
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt048453
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0110890
IRS990/PayrollTaxesGrp/ProgramServicesAmt0399079
IRS990/PayrollTaxesGrp/TotalAmt0558422
IRS990/PensionPlanContributionsGrp/FundraisingAmt036967
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt067214
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0330522
IRS990/PensionPlanContributionsGrp/TotalAmt0434703
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0150000

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$72,482,557
Liabilities
$3,913,596
Net assets
$68,568,961
Revenue
$74,508,851
Expenses
$59,432,356
Net income
$15,076,495
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
2022Detailed filing. Detailed filing data is available for this year.$72.5$3.91$68.6$74.5$59.4$15.1
2022Summary only. Only limited summary data is available for this year.$72.5$3.91$68.6$74.5$59.4$15.1
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.4$1.40$54.0$41.2$46.7$5.48
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$79.7$1.83$77.9$65.3$42.3$23.0
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.9$0.88$55.0$56.2$43.6$12.6
2018Summary only. Only limited summary data is available for this year.$44.6$1.59$43.0$39.5$35.3$4.18
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