2024-05-10T09:07:45-05:00 2023-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-07-01 043519203 NEW LEADERS INC NEWL 6467921070 101 WEST 23TH STREET 300 NEW YORK NY 10011 JEAN DESRAVINES CEO 6467921070 2024-05-10 1 JEAN DESRAVINES 999009999 0 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X JEAN DESRAVINES 101 WEST 23TH STREET 300 NEW YORK NY 10011 24961115 0 X WWW.NEWLEADERS.ORG X 2000 MA SEE PART III, LINE 1. 12 11 160 13 0 0 46332694 19590233 4441429 4549289 278617 807226 29317 14367 51082057 24961115 3310 1815614 0 0 22864282 23786235 0 0 1704064 6730993 8250552 29598585 33852401 21483472 -8891286 51919940 43432255 4799333 4851220 47120607 38581035 X NEW LEADERS, INC.'S MISSION IS TO ENSURE HIGH ACADEMIC ACHIEVEMENT FOR ALL CHILDREN, ESPECIALLY STUDENTS IN POVERTY AND STUDENTS OF COLOR, BY DEVELOPING TRANSFORMATIONAL SCHOOL LEADERS AND ADVANCING THE POLICIES AND PRACTICES THAT ALLOW GREAT LEADERS TO SUCCEED. 0 1 14412716 1783414 3965787 LEADERSHIP DEVELOPMENT PATHWAYS: THROUGH OUR LEADERSHIP DEVELOPMENT PATHWAYS, NEW LEADERS PROVIDES AN IMMERSIVE, COMPETENCY-BASED TRAINING EXPERIENCE THAT PROVIDES SCHOOL AND DISTRICT LEADERS AT MULTIPLE LEVELS FROM TEACHER LEADERS TO PRINCIPAL SUPERVISORS WITH THE INTERACTIVE TOOLS, INSTRUCTIONAL STRATEGIES, INDIVIDUALIZED COACHING, AND COMMUNITY SUPPORT REQUIRED TO DELIVER BREAKTHROUGH RESULTS AND SUSTAINED STUDENT OUTCOMES. 6698492 175392 NATIONAL ASPIRING PRINCIPALS FELLOWSHIP: THE NATIONAL ASPIRING PRINCIPALS FELLOWSHIP IS AN ONLINE PRINCIPAL PREPARATION AND MASTER'S DEGREE PROGRAM THAT TRAINS THE NEXT GENERATION OF EQUITY-FOCUSED SCHOOL LEADERS WHO BETTER REFLECT THE STUDENTS THEY SERVE. A FIRST-OF-ITS-KIND PARTNERSHIP WITH TWO PRESTIGIOUS HISTORICALLY BLACK INSTITUTIONS, MOREHOUSE COLLEGE AND CLARK ATLANTA UNIVERSITY, THE FELLOWSHIP INTEGRATES THE 20+ YEAR RESEARCH AND EVIDENCE-BASE OF NEW LEADERS NATIONALLY RENOWNED PRINCIPAL PREPARATION PROGRAM AND EQUITY-CENTERED CONCEPTUAL FRAMEWORKS OF CLARK ATLANTA UNIVERSITY AND BANK STREET COLLEGE INTO A TRANSFORMATIVE AND COHORT-BASED ONLINE LEARNING EXPERIENCE. THIS IS PRINCIPAL PREPARATION AT ITS FINEST. 2921441 30000 408110 STRATEGIC PARTNERSHIPS/ALUMNI: STRATEGIC PARTNERSHIP SERVICES OFFER TARGETED GUIDANCE TO HELP SENIOR DISTRICT AND OTHER SYSTEM LEADERS DEVELOP ACTIONABLE STRATEGIES AND IMPLEMENTATION PLANS THAT GET RESULTS. THESE SERVICES ARE CUSTOM-TAILORED TO MEET THE NEEDS OF EACH DISTRICT OR SYSTEM, BUT MAY INCLUDE SUPPORT AROUND ORGANIZATIONAL EFFECTIVENESS, SYSTEM-WIDE DIAGNOSTICS, ACTION PLANNING AND KPIS, PERFORMANCE MANAGEMENT, AND CULTURE AND CLIMATE PLANNING. 1059681 2200 POLICY: OUR POLICY WORK IS AIMED AT WORKING DIRECTLY WITH LEADERS AT ALL LEVELS OF THE EDUCATION SYSTEM TO ADVOCATE FOR POLICIES THAT AFFECT THE WELL-BEING OF OUR SCHOOLS, LEADERS, AND STUDENTS. WE ARE UNIQUELY POSITIONED TO LEVERAGE THE EXPERIENCES OF OUR NATIONAL NETWORK OF LEADERS AND CREATE MORE IMPACTFUL POLICIES. 1059681 2200 25092330 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 51 0 1 160 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NJ NM NY NC OR PA RI SC TN UT VA WV WI X LAURA KADETSKY 6462177590 101 WEST 23TH STREET 300 NEW YORK NY 10011 JEAN DESRAVINES CEO & BOARD MEMBER 40.00 X X 573281 0 89276 TED COLBERT III BOARD CHAIR 0.40 X X 0 0 0 NAOMI O SELIGMAN BOARD VICE-CHAIR 0.40 X X 0 0 0 BARBARA HYDE BOARD MEMBER 0.40 X 0 0 0 MIKE JOHNSTON BOARD MEMBER 0.40 X 0 0 0 TRIPP JONES BOARD MEMBER 0.40 X 0 0 0 JOSH LEWIS BOARD MEMBER 0.40 X 0 0 0 MARTY LIPPERT BOARD MEMBER 0.40 X 0 0 0 LINNEA ROBERTS BOARD MEMBER 0.40 X 0 0 0 JONATHAN SCHNUR BOARD MEMBER 0.40 X 0 0 0 JAN ROCK ZUBROW BOARD MEMBER (TO 9/22) 0.40 X 0 0 0 MARK WILKINS BOARD MEMBER (FROM 9/22) 0.40 X 0 0 0 BILLY CAMPBELL BOARD MEMBER (TO 9/22) 0.40 X 0 0 0 STEVE WHITE BOARD MEMBER 0.40 X 0 0 0 LAURA KADETSKY CHIEF ADMIN. OFF., GEN. COUNS., & SEC. 40.00 X 299508 0 21584 NOAH WEPMAN CHIEF FIN. & GROWTH OFF (UNTIL 9/23) 40.00 X 291147 0 25747 MICHELE CARACAPPA CHIEF PROGRAM OFFICER 40.00 X 333999 0 25445 JOHN JENKINS CHIEF PROG. & IMPLEMENTATION OFFICER 40.00 X 304463 0 27095 TARYN WATERS CHIEF EXTERNAL RELATIONS OFFICER 40.00 X 284167 0 27709 SONIA BEATTY CHIEF OF STAFF TO CEO & TALENT OFF. 40.00 X 268477 0 25275 JAQUELINE GRAN CHIEF POLICY & EVALUATION OFFICER 40.00 X 264068 0 25446 MIATA FULLER - CHIEF OF STAFF & ORG. DEV. OFF (FROM 10/22) 40.00 X 236521 0 26198 DENISE CORBETT DENNIS - CHIEF NT'L ASPIRING PRINC. FELLOWSHIP OFF. 40.00 X 226613 0 26140 MICHELLE PIERRE-FARID NSED, STRAT. P'SHIPS & ALUMNI IMPACT 40.00 X 247127 0 0 ALEXANDER ELSON EXEC. DIR., K-12 PARTNERSHIPS 40.00 X 219815 0 27094 RICHARD CUSICK DEPUTY CHIEF OFFICER, TECHNOLOGY 40.00 X 217688 0 27031 MARIA ESPONDA-MEDINA NT'L SR. EXEC. DIRECTOR, EXEMPLAR 40.00 X 208318 0 26749 GRANT NEWMAN SENIOR ED., PROG. STRATEGY & OPERATIONS 40.00 X 199329 0 26480 STEVE HADDAD FORMER CHIEF DEVELOPMENT OFF. 40.00 X 156473 0 11173 4330994 0 438442 84 1 1 0 BR PARTNERS LLC 2303 VINEYARD PLACE BOULDER CO 80304 POLICY & ACCREDITATION 154225 SECOND 2 NONE EDUCATIONAL 2 REGENCY PLAZA SUITE 812W PROVIDENCE RI 02903 PRINCIPAL IN RESIDENCE 118000 D FENNOY CONSULTING LLC 8141 OCHO RIOS LN WELLINGTON FL 33414 STRATEGY CONSULTING 108475 3 5515225 14075008 968708 19590233 FEE FOR SERVICE 900099 4506837 4506837 IHE PARTNER REVENUE 900099 42452 42452 4549289 807226 807226 11042 11042 OTHER REVENUE 900099 3325 3325 3325 24961115 4549289 0 821593 X 1776214 1776214 39400 39400 3548593 1765100 1783493 15980656 13118060 1626460 1236136 355572 290177 37418 27977 2395822 1923258 357541 115023 1505592 1152431 256495 96666 66884 66884 73504 73504 85350 85350 22500 22500 4204550 3358098 722094 124358 33726 33726 288437 51280 232863 4294 707500 71087 636413 415750 415750 756395 562407 114045 79943 290049 280980 5078 3991 9343 9343 220634 220634 143273 2090 139093 2090 FISCAL SPONSORSHIP 500000 500000 DUES/SUBSCRIPTIONS 179940 170373 9567 PAYROLL FEES 64343 64343 PROF. DEVELOPMENT 56291 42025 10498 3768 132083 40647 91185 251 33852401 25092330 7056007 1704064 3702375 2159843 30690532 10746920 7623028 4760156 483649 3815326 466659 2063902 818986 655189 285235 163797 8537038 19061176 131424 661135 51919940 43432255 4350499 4279525 246215 95564 202619 476131 4799333 4851220 X 19219975 30832540 27900632 7748495 47120607 38581035 51919940 43432255 -8891286 351714 0 X 0 1 X 1 1 1 X 20736797 19117431 15442764 46332694 19590233 121219919 20736797 19117431 15442764 46332694 19590233 121219919 36449945 84769974 711720 504364 454339 307934 818268 2796625 1500 3325 4825 124021369 30238775 0.68350 0.73230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 404 113537 113941 33715960 33829901 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 80991 97031 95980 113941 387943 250000 250000 250000 250000 1000000 1500000 455 404 859 573850 532860 40990 245136 122329 122807 163797 LEASE LIABILITIES 476131 476131 X 25676429 351714 386100 737814 24938615 22500 22500 24961115 34216001 386100 386100 33829901 22500 22500 33852401 PART X, LINE 2: FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, NEW LEADERS HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 RELAY GRADUATE SCHOOL OF EDUCATION 25 BROADWAY 3RD FLOOR NEW YORK NY 10004 275316628 501(C)(3) 705500 0 NEW LEADERSHIP RELAY PARTNERSHIP WITH THE NEW YORK CITY DEPARTMENT OF EDUCATION THE LEADERSHIP ACADEMY 10-27 46TH AVENUE 1ST FLOOR LONG ISLAND CITY NY 11101 030503570 501(C)(3) 1070714 0 NEW LEADERSHIP RELAY PARTNERSHIP WITH THE NEW YORK CITY DEPARTMENT OF EDUCATION 2 0 ROBERTS AWARD FOR SCHOOL INNOVATION 16 30000 LEE SUMMER FELLOWSHIP 1 2200 EDUCATION PIONEERS SUMMER FELLOWSHIP 2 7200 PART I, LINE 2: ORGANIZATIONS TRACK EXPENDITURES IN THEIR RESPECTIVE LEDGER SYSTEMS AND SEND REPORTS TO NEW LEADERS. X 1 1 X X X X X 1 1 0 0 0 0 0 1 0 JEAN DESRAVINES CEO & BOARD MEMBER 469398 0 103883 0 0 0 68777 0 20499 0 662557 0 0 0 MICHELE CARACAPPA CHIEF PROGRAM OFFICER 278349 0 55650 0 0 0 4945 0 20500 0 359444 0 0 0 JOHN JENKINS CHIEF PROG. & IMPLEMENTATION OFFICER 256163 0 48300 0 0 0 6595 0 20500 0 331558 0 0 0 LAURA KADETSKY CHIEF ADMIN. OFF., GEN. COUNS., & SE 248907 0 50601 0 0 0 1084 0 20500 0 321092 0 0 0 NOAH WEPMAN CHIEF FIN. & GROWTH OFF (UNTIL 9/23) 242637 0 48510 0 0 0 5247 0 20500 0 316894 0 0 0 TARYN WATERS CHIEF EXTERNAL RELATIONS OFFICER 259142 0 25025 0 0 0 7209 0 20500 0 311876 0 0 0 SONIA BEATTY CHIEF OF STAFF TO CEO & TALENT OFF. 218370 0 50107 0 0 0 4775 0 20500 0 293752 0 0 0 JAQUELINE GRAN CHIEF POLICY & EVALUATION OFFICER 225436 0 38632 0 0 0 4946 0 20500 0 289514 0 0 0 MIATA FULLER - CHIEF OF STAFF & ORG. DEV. OFF (FROM 10/22) 209935 0 26586 0 0 0 5698 0 20500 0 262719 0 0 0 DENISE CORBETT DENNIS - CHIEF NT'L ASPIRING PRINC. FELLOWSHIP OFF. 202863 0 23750 0 0 0 5640 0 20500 0 252753 0 0 0 MICHELLE PIERRE-FARID NSED, STRAT. P'SHIPS & ALUMNI IMPACT 226302 0 20825 0 0 0 0 0 0 0 247127 0 0 0 ALEXANDER ELSON EXEC. DIR., K-12 PARTNERSHIPS 155719 0 0 0 64096 0 6594 0 20500 0 246909 0 0 0 RICHARD CUSICK DEPUTY CHIEF OFFICER, TECHNOLOGY 217688 0 0 0 0 0 6531 0 20500 0 244719 0 0 0 MARIA ESPONDA-MEDINA NT'L SR. EXEC. DIRECTOR, EXEMPLAR 184132 0 24186 0 0 0 6249 0 20500 0 235067 0 0 0 GRANT NEWMAN SENIOR ED., PROG. STRATEGY & OPERATI 176722 0 22607 0 0 0 5980 0 20500 0 225809 0 0 0 STEVE HADDAD FORMER CHIEF DEVELOPMENT OFF. 80388 0 20700 0 55385 0 1944 0 9229 0 167646 0 0 0 PART I, LINE 1A THE FOLLOWING STAFF USED FIRST CLASS TRAVEL: JEAN STUART DESRAVINES,TARYN DENISE WATERS AND SONIA BEATTY. THIS AMOUNTED TO $5,489.61, $830.36 AND 16.78 RESPECTIVELY. PART I, LINES 4A-B STEVE HADDAD RECEIVED SEVERANCE OF $55,385 DURING 2022. JEAN DESRAVINES DEFERRED COMPENSATION INCLUDES $59,627 THAT RELATES TO THE 457F PLAN. PART I, LINE 7 THE FOLLOWING OFFICERS, KEY EMPLOYEES, AND HIGHLY COMPENSATED EMPLOYEES RECEIVED BONUSES DURING 2022: JEAN DESRAVINES $103,883 MICHELE CARACAPPA $55,650 JOHN JENKINS $48,300 LAURA KADETSKY $50,601 NOAH WEPMAN $48,510 TARYN WATERS $25,025 SONIA BEATTY $50,107 JACQUELINE GRAN $38,632 MIATA FULLER $26,586 DENISE CORBETT DENNIS $23,750 MICHELLE PIERRE-FARID $20,825 MARIA ESPONDA-MEDINA $24,186 STEVE HADDAD $20,700 GRANT NEWMAN $22,607 X 1 968708 FMV 0 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 12 - TOTAL REVENUE FY22 (PRIOR YEAR) REVENUE WAS HIGHER THAN FY23 (CURRENT YEAR) REVENUE, PRIMARILY BECAUSE NEW LEADERS RECEIVED A LARGE DONATION IN FY22 THAT WAS A ONE-TIME GIFT NOT REPEATED IN FY23. FORM 990, PART III, LINE 3 THE ORGANIZATION ENDED THE HIGHER EDUCATION PARTNERSHIPS PROGRAM DURING THE YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 (ALONG WITH AUDITED FINANCIAL STATEMENTS) IS REVIEWED BY ALL VOTING MEMBERS OF THE ORGANIZATION'S GOVERNING BODY AND BY THE OFFICERS OF THE ORGANIZATION BEFORE FILING. SPECIFICALLY, UPON COMPLETION OF THE ANNUAL AUDIT, THE FORM 990, WITH THE AUDITED FINANCIAL STATEMENTS AS APPROVED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS, IS PRESENTED TO THE FULL BOARD OF DIRECTORS IN ELECTRONIC COPY FOR REVIEW. FURTHER, THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE ALSO PRESENTED IN ELECTRONIC FORM TO THE OFFICERS OF THE ORGANIZATION FOR REVIEW. ONCE THIS REVIEW IS COMPLETED, THE FORM 990 IS FILED WITH FEDERAL AND STATE GOVERNMENTS, ALONG WITH COPIES OF THE FINAL AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C NEW LEADERS HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS INCLUDED IN THE EMPLOYEE POLICIES MANUAL AND FISCAL POLICIES AND PROCEDURES MANUAL, POSTED ON THE INTERNAL WEBSITE, AND INCLUDED IN BOARD ORIENTATION MATERIALS. BOARD MEMBERS, OFFICERS, AND MANAGEMENT (EXECUTIVE-LEVEL) EMPLOYEES ARE GIVEN A COPY OF THE CONFLICT OF INTEREST POLICY AT LEAST ANNUALLY, AS WELL AS UPON ANY REVISION THERETO, AND ARE REQUIRED AT LEAST ANNUALLY TO SIGN A DOCUMENT CERTIFYING THAT THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY AND AGREE TO COMPLY WITH IT. THE BOARD CURRENTLY MANDATES THAT ALL EXECUTIVE-LEVEL EMPLOYEES AND BOARD MEMBERS ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE AND DISCLOSE POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT IS DISCLOSED AT ANY TIME, THE BOARD, OR THE RELEVANT COMMITTEE THEREOF, WILL REVIEW THE MATERIAL FACTS AND CIRCUMSTANCES. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST, THE BOARD WILL DETERMINE WHETHER THE TRANSACTION AT ISSUE MAY BE OBTAINED WITH REASONABLE EFFORTS VIA AN ADVANTAGEOUS TRANSACTION OR ARRANGEMENT THAT WOULD NOT GIVE RISE TO A CONFLICT OR, IF THAT IS NOT REASONABLY POSSIBLE, WHETHER THE ORIGINAL TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION, FOR ITS OWN BUSINESS, AND FAIR AND REASONABLE. THE INTERESTED PERSON DOES NOT PARTICIPATE IN ANY VOTE OR DISCUSSION ON THIS MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES A DETAILED JOB LADDER WITH POSITION LEVELS, SALARY RANGES, AND JOB REQUIREMENTS THAT ARE BENCHMARKED AGAINST COMPARABLE NON-PROFIT ORGANIZATIONS. ALL EMPLOYEES ARE GIVEN ANNUAL PERFORMANCE REVIEWS, AND SALARY INCREASES ARE APPROVED BY AN OFFICER. THE COMPENSATION OF THE CEO, AND THE CEO'S RECOMMENDATIONS FOR COMPENSATION OF THE OTHER OFFICERS ARE REVIEWED BY THE COMPENSATION COMMITTEE OF THE BOARD AND REVIEWED AND APPROVED BY ALL INDEPENDENT MEMBERS OF THE FULL BOARD. AS PART OF THE BOARD'S REVIEW THEY GIVE CONSIDERATION TO COMPENSATION STUDIES AND SURVEYS, COMPARISON INFORMATION FROM OTHER NONPROFIT ORGANIZATIONS OBTAINED FROM FORMS 990 AND OTHER SOURCES, AND HISTORICAL SALARY INFORMATION. THIS PROCESS IS COMPLETED ON AN ANNUAL BASIS. IN SELECT YEARS, THE ORGANIZATION RETAINED AN INDEPENDENT COMPENSATION CONSULTANT THAT PROVIDED INFORMATION TO THE COMPENSATION COMMITTEE AND THE BOARD AS PART OF THEIR REVIEW OF THE CEO'S COMPENSATION AND THE CEO'S RECOMMENDATIONS FOR COMPENSATION OF THE OTHER OFFICERS. THE LAST COMPENSATION REVIEW TOOK PLACE OCTOBER 2022. FORM 990, PART VI, SECTION C, LINE 19 NEW LEADERS HAS A POLICY TO PROVIDE WITHIN A REASONABLE PERIOD OF TIME THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO ANY PERSON OR ORGANIZATION UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 2,660,201. MANAGEMENT AND GENERAL EXPENSES 722,094. FUNDRAISING EXPENSES 124,358. TOTAL EXPENSES 3,506,653. UNIVERSITY PARTNER COSTS: PROGRAM SERVICE EXPENSES 697,897. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 697,897.