2026-08-25T18:48:44-05:00 2025-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2025-01-01 043396766 NEW PROFIT INC NEWP 6179128800 6 LIBERTY SQUARE 2648 BOSTON MA 02109 MOLLY O'DONNELL PRESIDENT 6179128800 2026-08-14 1 CAITLIN LIMOGES CPA P01633588 5083669100 2026-08-14 2025 2025-03-06 01:10:19Z X MOLLY O'DONNELL 6 LIBERTY SQUARE 2648 BOSTON MA 02109 32899701 0 X WWW.NEWPROFIT.ORG X 1997 MA NEW PROFIT IS A VENTURE PHILANTHROPY ORGANIZATION THAT CATALYZES THE IMPACT OF SOCIAL ENTREPRENEURS WHO ARE EXPANDING ACCESS AND OPPORTUNITY IN AMERICA. WE PROVIDE CAPITAL, CAPACITY, AND COMMUNITY TO A PORTFOLIO OF ORGANIZATIONS TO INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. AND WE PARTNER WITH SOCIAL ENTREPRENEURS, PHILANTHROPISTS, AND CROSS-SECTOR LEADERS TO SHIFT HOW THE PHILANTHROPIC SECTOR PURSUES SOCIAL CHANGE AND ENSURES THAT EVERYONE IN AMERICA CAN THRIVE. SINCE 1998, NEW PROFIT HAS INVESTED OVER $350M IN 275+ HIGH-IMPACT ORGANIZATIONS SERVING MORE THAN 35 MILLION PEOPLE IN ALL 50 STATES. 15 13 98 17 0 0 29503554 29529269 109958 26350 4011814 3339933 0 4149 33625326 32899701 16880857 31176665 0 0 16511053 16273671 0 0 3681252 10357003 6581244 43748913 54031580 -10123587 -21131879 120251296 98782334 2031563 935163 118219733 97847171 X SEE SCHEDULE O. 0 0 23846674 19000000 SEE SCHEDULE O. 9407600 4999999 26350 SEE SCHEDULE O. 6146141 5416666 SEE SCHEDULE O. 3733845 1760000 PORTFOLIO CATALYZE THROUGH OUR CATALYZE INVESTMENTS, WE PROVIDE $100K UNRESTRICTED GRANTS, A $10,000 GRANT FOR LEADERSHIP DEVELOPMENT, AND STRATEGIC ADVISORY SUPPORT OVER ONE YEAR. OUR COHORT-BASED MODEL ENABLES SOCIAL ENTREPRENEURS TO BUILD COMMUNITY WITH PEERS AND PARTICIPATE IN A SERIES OF IN-PERSON CONVENINGS AND WEBINARS. THIS PROGRAMMING IS DESIGNED TO SUPPORT ORGANIZATIONS DEEPENING THEIR IMPACT AND SCALING THEIR MODELS BY TACKLING KEY LEADERSHIP AND ORGANIZATIONAL CHALLENGES.OUR GRANTEES ARE DRIVING IMPACT IN EDUCATION, HEALTH, CRIMINAL JUSTICE REFORM, DEMOCRACY, AND ECONOMIC MOBILITY. 552063 PORTFOLIO - PORTFOLIO PERFORMANCE & SUPPORTNEW PROFIT ASSUMES A VARIETY OF ROLES WITH GRANTEES INCLUDING ADVISOR, COACH, AND BOARD MEMBER, IN ORDER TO PROVIDE STRATEGIC GUIDANCE GEARED TOWARDS BUILDING ORGANIZATIONS' KEY CAPABILITIES. WE BELIEVE THAT INCREASES IN THESE CAPABILITIES INCLUDING LEADERSHIP, IMPACT MODEL, STRATEGIC MANAGEMENT AND PLANNING, AND ECONOMIC MODEL ARE THE NECESSARY FOUNDATION FOR IMPACT, SCALE, AND SUSTAINABILITY, IN THE LONG-TERM. THROUGHOUT THE GRANT TERM, NEW PROFIT ALSO INVITES GRANTEES AND ALUMNI TO TAKE PART IN CONVENINGS THAT BRING TOGETHER PEER ORGANIZATIONS, FIELD EXPERTS, AND PHILANTHROPIC PLAYERS FROM ACROSS OUR NATIONAL NETWORK. 4285908 1760000 43686323 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 47 0 1 98 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK CA CO CT FL HI ME MD MA MI MN NH NJ NM NY NC ND OH PA RI SC TN UT WV X X MOLLY O'DONNELL PRESIDENT 6179128800 6 LIBERTY SQUARE 2648 BOSTON MA 02109 TULAINE MONTGOMERY CEO 45.00 X X 524222 0 18130 VANESSA KIRSCH FOUNDER IN RESIDENCE/SENIOR PARTNER 45.00 X X 364234 0 37080 STEVE JENNINGS CHAIRMAN 1.00 X X 0 0 0 JOSH BEKENSTEIN DIRECTOR (UNTIL 12/2025) 1.00 X 0 0 0 KERWIN CHARLES DIRECTOR 1.00 X 0 0 0 SAM COBBS DIRECTOR 1.00 X 0 0 0 ALISA DOCTOROFF DIRECTOR 1.00 X 0 0 0 DAVID GERGEN DIRECTOR (UNTIL 6/2025) 1.00 X 0 0 0 STACY JANIAK DIRECTOR 1.00 X 0 0 0 MATT LEVIN DIRECTOR 1.00 X 0 0 0 HENRY MCCANCE DIRECTOR 1.00 X 0 0 0 DUNCAN MCFARLAND DIRECTOR 1.00 X 0 0 0 KWASI MITCHELL DIRECTOR 1.00 X 0 0 0 KRISTIN MUGFORD DIRECTOR (UNTIL 10/2025) 1.00 X 0 0 0 DEBORAH QUAZZO DIRECTOR (UNTIL 6/2025) 1.00 X 0 0 0 JOHN RICE DIRECTOR 1.00 X 0 0 0 BRIAN SPECTOR DIRECTOR 1.00 X 0 0 0 VENKAT SRINIVASAN DIRECTOR 1.00 X 0 0 0 JEFFREY WALKER DIRECTOR (UNTIL 10/2025) 1.00 X 0 0 0 ELIZA GREENBERG PRESIDENT 45.00 X 357119 0 30466 DOUGLAS BORCHARD MANAGING PARTNER, COO 45.00 X 355636 0 37063 IAN MAGEE MANAGING PARTNER, CFO (UNTIL 7/2025) 30.00 X 200309 0 12831 DAVID LEVY SENIOR ADVISOR 45.00 X 363048 0 8300 DEBORAH SMOLOVER MANAGING PARTNER,ED AMERICAN FORWARD 45.00 X 336585 0 13019 MAX POLANER MANAGING PARTNER, INVESTOR RELATIONS 45.00 X 260671 0 36984 SHRUTI SEHRA MANAGING PARTNER, ECOSYSTEM BUILDING & EDUCATION 45.00 X 259427 0 18002 SHAWN DOVE MANAGING PARTNER, ECOSYSTEM BUILDING 45.00 X 256436 0 30980 3277687 0 242855 60 0 1 0 SUSAN ASIYANBI DBA O PRACTICE LLC 1474 S PRARIE AVE UNIT B CHICAGO IL 60605 LEADERSHIP COACHING 561875 LANCE POTTER DBA EVALUATION STRATEGY LL 5019 RENO ROAD NW WASHINGTON DC 20008 EVALUATION AND PORTFOLIO SUPPORT 267750 ON-RAMPS 307 SEVENTH AVE SUITE 901 NEW YORK NY 10001 RECRUITING 228281 MCPHERSON STRATEGIES 199 STATE STREET 11A BROOKLYN NY 11201 COMMUNICATION STRATEGY & IMPLEMENTATION 195750 4 29529269 101166 29529269 NETWORKING EVENT FEES 900099 26350 26350 26350 3339933 3339933 OTHER INCOME 900099 4149 4149 4149 32899701 26350 0 3344082 31176665 31176665 1963782 284889 1241999 436894 11827914 7415643 2351174 2061097 259870 155392 59244 45234 1272539 764161 285860 222518 949566 534148 244037 171381 38065 38065 2969586 1270959 1523958 174669 392604 244108 33668 114828 1137418 584750 355921 196747 577456 293175 200190 84091 942145 748544 179387 14214 RECRUITING AND TALENT 267754 107875 34038 125841 MISCELLANEOUS 256216 106014 116464 33738 54031580 43686323 6664005 3681252 679750 1250 77017456 76305287 41717982 22096325 300745 338807 535363 40665 120251296 98782334 1439845 888475 591718 46688 2031563 935163 X 26285333 34994338 91934400 62852833 118219733 97847171 120251296 98782334 X -21131879 759317 X X 0 1 X 1 0 X 77008557 21717666 71496194 29503554 29529269 229255240 77008557 21717666 71496194 29503554 29529269 229255240 87386844 141868396 8686 278559 3271689 4011814 3339933 10910681 4149 4149 240170070 504041 0.59070 0.65080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53985968 53985968 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 47659 40348 65578 153585 250000 250000 250000 250000 1000000 1500000 1857 1513 2459 5829 0 OPERATING LEASE LIABILITIES 46688 46688 X 36666030 3052624 713705 3766329 32899701 0 32899701 57038592 3052624 3052624 53985968 45612 45612 54031580 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2025. THE ORGANIZATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND VARIOUS STATE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CANCELLED COMMITMENTS RECEIVABLE -10,000. PROVISION FOR UNCOLLECTIBLE COMMITMENTS 723,705. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVERSAL OF GRANT EXPENSE 45,612. 1 3RD DECADE INC 4729 E SUNRISE DR 331 TUCSON AZ 85718 842298062 501(C)3 110000 0 PROGRAM EXPANSION AMERICA ON TECH INC 25 BROADWAY 12TH FLOOR NEW YORK NY 10004 465336001 501(C)3 875000 0 PROGRAM EXPANSION AVANCE INC 824 BROADWAY ST SAN ANTONIO TX 78215 741769114 501(C)3 250000 0 PROGRAM EXPANSION BARR CENTER 5115 EXCELSIOR BLVD ST LOUIS PARK MN 55416 825480444 501(C)3 250000 0 PROGRAM EXPANSION BIG PICTURE LEARNING 325 PUBLIC ST PROVIDENCE RI 02905 050485883 501(C)3 1000000 0 PROGRAM EXPANSION BRAVEN INC 171 N ABERDEEN ST CHICAGO IL 60607 464340594 501(C)3 1666665 0 PROGRAM EXPANSION CARA CHICAGO 237 S DESPLAINES ST CHICAGO IL 60661 364268095 501(C)3 250000 0 PROGRAM EXPANSION CITY BUREAU NFP 3619 S STATE ST STE 400 CHICAGO IL 60609 811054499 501(C)3 875000 0 PROGRAM EXPANSION CODEPATHORG 5214F DIAMOND HITS BLVD SAN FRANCISCO CA 94131 815338932 501(C)3 250000 0 PROGRAM EXPANSION COMMUNITY FINANCIAL RESOURCES 248 3RD ST 908-1007 OAKLAND CA 94607 203788598 501(C)3 110000 0 PROGRAM EXPANSION DEMOCRACY AT WORK INSTITUTE 5450 UNIVERSITY AVE SUITE A 1002 SAN DIEGO CA 92105 275265123 501(C)3 875000 0 PROGRAM EXPANSION DIGITAL PROMISE GLOBAL 1001 CONNECTICUT AVE NW SUITE 935 WASHINGTON DC 20036 465460594 501(C)3 875000 0 PROGRAM EXPANSION DIVINC 200 W 6TH ST SUITE 17000 AUSTIN TX 78701 813052133 501(C)3 110000 0 PROGRAM EXPANSION EMPOWERMENT AVENUE SOCIETY LLC 4900 SHATTUCK AVE UNIT 22900 OAKLAND CA 94609 932876513 501(C)3 110000 0 PROGRAM EXPANSION EMPOWR CO 2870 PEACHTREE RD NW 915-5827 ATLANTA GA 30305 843572564 501(C)3 110000 0 PROGRAM EXPANSION ENGLISH LEARNERS SUCCESS FORUM 2105 VISTA OESTE ST NW SUITE E-1618 ALBUQUERQUE NM 87120 881543559 501(C)3 250000 0 PROGRAM EXPANSION EQUIS INSTITUTE 1728 OCEAN AVE PMB 171 SAN FRANCISCO CA 94112 871337465 501(C)3 375000 0 PROGRAM EXPANSION EQUITY AND TRANSFORMATION 10 W 35TH ST CHICAGO IL 60616 834701430 501(C)3 375000 0 PROGRAM EXPANSION FAIR COUNT INC PO BOX 170382 ATLANTA GA 30317 582421574 501(C)3 875000 0 PROGRAM EXPANSION FREEDMEN HEIRS FOUNDATION INC 21030 FREDERICK RD STE G 124 GERMANTOWN MD 20876 853033433 501(C)3 110000 0 PROGRAM EXPANSION FUTURE CAUCUS 1701 RHODE ISLAND AVE NW WASHINGTON DC 20036 472802851 501(C)3 375000 0 PROGRAM EXPANSION G CODE INC 43 HUTCHINGS ST ROXBURY MA 02120 844207656 501(C)3 110000 0 PROGRAM EXPANSION GENERATION CITIZEN 110 WALL ST NEW YORK NY 10005 272039522 501(C)3 375000 0 PROGRAM EXPANSION GENERATION HOPE 1401 OKIE STREET NE STE 300 WASHINGTON DC 20002 273554088 501(C)3 875000 0 PROGRAM EXPANSION GEORGIA RESILIENCE AND OPPORTUNITY FUND 422 GLEN IRIS DRIVE ATLANTA GA 30308 871811721 501(C)3 875000 0 PROGRAM EXPANSION GIRL TREK INCORPORATED 1800 WYOMING AVE NW FLOOR 2 WASHINGTON DC 20009 061811886 501(C)3 1000000 0 PROGRAM EXPANSION GIRLS LEADERSHIP 1675 7TH ST OAKLAND CA 94615 331207431 501(C)3 250000 0 PROGRAM EXPANSION GROWING HOPE INC 922 W MICHIGAN AVE YPSILANTI MI 48197 743091845 501(C)3 110000 0 PROGRAM EXPANSION INCLUSIVE ACTION FOR THE CITY 2900 E CESAR E CHAVEZ AVE LOS ANGELES CA 90033 270584116 501(C)3 875000 0 PROGRAM EXPANSION INNER CITY COMPUTER STARS FOUNDATION 750 N ORLEANS CHICAGO IL 60654 364253411 501(C)3 250000 0 PROGRAM EXPANSION INTERFAITH AMERICA 141 W JACKSON BLVD SUITE 3200 CHICAGO IL 60604 300212534 501(C)3 375000 0 PROGRAM EXPANSION LIBERATION VENTURES 2801 CENTERVILLE ROAD PMB 142 WILMINGTON DE 19808 994545561 501(C)3 875000 0 PROGRAM EXPANSION LIVING CITIES 805 15TH STREET NW SUITE 500 WASHINGTON DC 20005 260003950 501(C)3 5000000 0 PROGRAM EXPANSION MARCY LAB INC 829 JEFFERSON AVE 1R BROOKLYN NY 11221 833754699 501(C)3 875000 0 PROGRAM EXPANSION MIGRANT JUSTICE INC 179 S WINOOSKI AVE 202 BURLINGTON VT 05401 814176655 501(C)3 110000 0 PROGRAM EXPANSION NASHVILLE BUSINESS INCUBATION CENTER 110 GLANCY ST SUITE 107 GOODLETTSVILLE TN 37072 621274582 501(C)3 110000 0 PROGRAM EXPANSION ONEGOAL 180 N WABASH AVE CHICAGO IL 60601 562369898 501(C)3 625000 0 PROGRAM EXPANSION PARTNERSHIP FOR HOUSING AFFORDABILITY 8975 THREE CHOPT RD HENRICO VA 23229 800099199 501(C)3 110000 0 PROGRAM EXPANSION POWERCORPS PHL 2300 W MASTER ST ROOM 121 PHILADELPHIA PA 19121 921244585 501(C)3 375000 0 PROGRAM EXPANSION PROJECT BASTA 500 7TH AVE NEW YORK NY 10018 815268868 501(C)3 250000 0 PROGRAM EXPANSION PROPEL AMERICA 800 BOYLSTON ST PO BOX 990443 BOSTON MA 02199 831867782 501(C)3 375000 0 PROGRAM EXPANSION REFUGEE COMMUNITY PARTNERSHIP INC PO BOX 461 CARRBORO NC 27510 263608741 501(C)3 110000 0 PROGRAM EXPANSION RESILIENT CODERS INC 1 BROADWAY 11TH FLOOR CAMBRIDGE MA 02142 471882343 501(C)3 110000 0 PROGRAM EXPANSION REVIVING THE ISLAMIC SISTERHOOD FOR EMPOWERMENT 2429 NICOLLET AVE MINNEAPOLIS MN 55404 811236990 501(C)3 110000 0 PROGRAM EXPANSION STITCHCREW INC 309 NW 13TH ST OKLAHOMA CITY OK 73103 823028832 501(C)3 110000 0 PROGRAM EXPANSION SURGE INSTITUTE 935 W CHESTNUT ST SUITE 515 CHICAGO IL 60642 471995566 501(C)3 375000 0 PROGRAM EXPANSION TALKINGPOINTS 2021 FILLMORE ST 2124 SAN FRANCISCO CA 94115 474616102 501(C)3 250000 0 PROGRAM EXPANSION TEACHING LAB PO BOX 825792 PHILADELPHIA PA 191825792 813546317 501(C)3 250000 0 PROGRAM EXPANSION THE BLACK TEACHER COLLABORATIVE 2170 BOULEVARD GRANADA SW ATLANTA GA 30311 815155921 501(C)3 250000 0 PROGRAM EXPANSION THE CENTER FOR BLACK EDUCATOR DEVELOPMENT 7901 HIDDEN LN ELKINS PARK PA 19027 841814119 501(C)3 375000 0 PROGRAM EXPANSION THE HEALTH INITIATIVE 77A JUNCTION SQUARE DR CONCORD MA 01742 831490111 501(C)3 1000000 0 PROGRAM EXPANSION THE KNOWLEDGE HOUSE FELLOWSHIP INC 79 ALEXANDER AVE SUITE 51A BRONX NY 10454 472747713 501(C)3 250000 0 PROGRAM EXPANSION THE OAKLAND REACH 333 HEGENBERGER ROAD SUITE 425 OAKLAND CA 94621 831289590 501(C)3 875000 0 PROGRAM EXPANSION THE WORKERS LAB 1111 BROADWAY FLOOR 3 OAKLAND CA 94607 824788124 501(C)3 875000 0 PROGRAM EXPANSION TRANSCEND INC 1836 WESTCHESTER AVE PMB 6205 BRONX NY 10472 300878820 501(C)3 750000 0 PROGRAM EXPANSION VILLAGE OF WISDOM 600 E UMSTEAD DURHAM NC 27701 472060936 501(C)3 875000 0 PROGRAM EXPANSION WASHINGTON HOUSING CONSERVANCY INC 1310 L ST NW SUITE 325 WASHINGTON DC 20005 831866109 501(C)3 375000 0 PROGRAM EXPANSION WEST VIRGINIA WOMEN WORK INC 201 NEW JERSEY ST MORGANTOWN WV 26501 550775351 501(C)3 110000 0 PROGRAM EXPANSION ZEARN 261 W 35TH ST 15 FL NEW YORK NY 10001 371665745 501(C)3 250000 0 PROGRAM EXPANSION 59 PART I, LINE 2: NEW PROFIT'S PORTFOLIO INVESTING MODEL PROVIDES FINANCIAL AND STRATEGIC RESOURCES TO RESULTS-DRIVEN ORGANIZATIONS. NEW PROFIT PROVIDES A PORTFOLIO MANAGER TO EACH ORGANIZATION OR COHORT OF ORGANIZATIONS WHO WORKS CLOSELY WITH THE ORGANIZATION'S LEADERSHIP TO PROVIDE SUPPORT IN A VARIETY OF AREAS, INCLUDING IMPACT INNOVATION, LEADERSHIP AND GOVERNANCE, ORGANIZATIONAL STRATEGY, PERFORMANCE MEASUREMENT, AND MANAGEMENT AS INDICATED IN PART III OF THE FORM 990. A PORTFOLIO MANAGER ALSO HOLDS A SEAT ON THE ORGANIZATION'S BOARD OF DIRECTORS THROUGHOUT THE TERM OF NEW PROFIT'S BUILD AND TRANSFORM INVESTMENTS IN THE ORGANIZATION. X 0 1 X X X 0 0 0 0 0 0 0 0 0 TULAINE MONTGOMERY CEO 524222 0 0 0 0 0 6000 0 12130 0 542352 0 0 0 VANESSA KIRSCH FOUNDER IN RESIDENCE/SENIOR PARTNER 364234 0 0 0 0 0 6000 0 31080 0 401314 0 0 0 DOUGLAS BORCHARD MANAGING PARTNER, COO 355636 0 0 0 0 0 6000 0 31063 0 392699 0 0 0 ELIZA GREENBERG PRESIDENT 357119 0 0 0 0 0 0 0 30466 0 387585 0 0 0 DAVID LEVY SENIOR ADVISOR 363048 0 0 0 0 0 6000 0 2300 0 371348 0 0 0 DEBORAH SMOLOVER MANAGING PARTNER,ED AMERICAN FORWARD 336585 0 0 0 0 0 6000 0 7019 0 349604 0 0 0 MAX POLANER MANAGING PARTNER, INVESTOR RELATIONS 260671 0 0 0 0 0 6000 0 30984 0 297655 0 0 0 SHAWN DOVE MANAGING PARTNER, ECOSYSTEM BUILDING 256436 0 0 0 0 0 0 0 30980 0 287416 0 0 0 SHRUTI SEHRA MANAGING PARTNER, ECOSYSTEM BUILDING 259427 0 0 0 0 0 6000 0 12002 0 277429 0 0 0 IAN MAGEE MANAGING PARTNER, CFO (UNTIL 7/2025) 200309 0 0 0 0 0 6000 0 6831 0 213140 0 0 0 PART I, LINE 1B THE ORGANIZATION IS IN THE PROCESS OF CREATING AN EQUITABLE POLICY FOR THESE TYPES OF PURCHASES. THE PURCHASE WAS MADE TO ENHANCE CAPACITY FOR FUNDRAISING, DONOR CULTIVATION, AND EVENT HOSTING. X 529 101166 FAIR MARKET VALUE 0 0 0 FORM 990, PART III, LINE 1, MISSION STATEMENT: NEW PROFIT IS A VENTURE PHILANTHROPY ORGANIZATION THAT CATALYZES THE IMPACT OF SOCIAL ENTREPRENEURS WHO ARE EXPANDING ACCESS AND OPPORTUNITY IN AMERICA. WE PROVIDE CAPITAL, CAPACITY, AND COMMUNITY TO A PORTFOLIO OF ORGANIZATIONS TO INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. AND WE PARTNER WITH SOCIAL ENTREPRENEURS, PHILANTHROPISTS, AND CROSS-SECTOR LEADERS TO SHIFT HOW THE PHILANTHROPIC SECTOR PURSUES SOCIAL CHANGE AND ENSURES THAT EVERYONE IN AMERICA CAN THRIVE. SINCE 1998, NEW PROFIT HAS INVESTED OVER $350M IN 275+ HIGH-IMPACT ORGANIZATIONS SERVING MORE THAN 35 MILLION PEOPLE IN ALL 50 STATES. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: PORTFOLIO - BUILD THROUGH OUR BUILD INVESTMENTS, WE PROVIDE GRANTEES A $1-1.5M MULTI-YEAR, UNRESTRICTED GRANT AND ADVISORY SUPPORT. A DEDICATED NEW PROFIT DEAL PARTNER SERVES AS A TRUSTED ADVISOR TO THE SOCIAL ENTREPRENEUR AND AS A MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS. OUR SUPPORT IS GEARED TOWARDS BUILDING THE LEADERSHIP CAPACITY OF SOCIAL ENTREPRENEURS AND THEIR ABILITY TO MAKE STRATEGIC CHOICES AS THEY NAVIGATE CHANGE AND GROWTH. OUR BUILD GRANTEES ARE CREATING IMPACT IN EDUCATION, DEMOCRACY, AND ECONOMIC MOBILITY. FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: ECOSYSTEM BUILDING AND POLICY OUR ECOSYSTEM BUILDING EFFORTS ENGAGE SOCIAL ENTREPRENEURS, PHILANTHROPISTS, AND OTHER NATIONAL AND LOCAL STAKEHOLDERS TO TRANSFORM HOW PHILANTHROPY THINKS ABOUT HOW TO COLLECTIVELY PURSUE IMPACT AND ALLOCATE RESOURCES. THROUGH THIS WORK, WE LEVERAGE DEEP INSIGHTS OF SOCIAL INNOVATORS IN OUR COMMUNITY TO INFLUENCE HOW RESOURCES FLOW IN THE SECTOR TO HELP REMOVE BARRIERS TO SUSTAINED PROGRESS. THE WELL IS NEW PROFIT'S BI-ANNUAL COMMUNITY GATHERING OF SOCIAL ENTREPRENEURS, ECOSYSTEM BUILDERS, PHILANTHROPISTS, AND OTHER SOCIAL IMPACT LEADERS. LAUNCHED IN 2022, THE EVENT BRINGS TOGETHER OVER 450 MEMBERS OF NEW PROFIT'S COMMUNITY WITH THE GOAL OF FACILITATING COLLABORATIVE LEARNING IN SERVICE OF DRIVING GREATER IMPACT AS INDIVIDUALS AND AS A COMMUNITY. THE WELL CREATES INTENTIONAL AND ORGANIC OPPORTUNITIES TO CONNECT ACROSS DIFFERENCES IN MEANINGFUL, ACTION-ORIENTED WAYS THROUGH SPACES AND ACTIVITIES FOCUSED ON WELLBEING, LEARNING, AND COALITION-BUILDING. POSTSECONDARY INNOVATIONS FOR EQUITY (2020-2026) LAUNCHED IN 2020 TO SUPPORT INNOVATORS THAT ARE BUILDING EVIDENCE BEHIND NEW APPROACHES TO CONNECTING YOUNG ADULTS WITH THE POSTSECONDARY CREDENTIALS AND WORK EXPERIENCE NEEDED TO ACCESS UPWARDLY MOBILE CAREERS. AN INITIATIVE OF LEARN TO EARN, NEW PROFIT'S POSTSECONDARY AND CAREER STRATEGY, PIE IS A TWO-PHASE EFFORT. THE FIRST 20 GRANTEE-PARTNERS WERE ELIGIBLE FOR THE SECOND PHASE OF THE PIE INITIATIVE, IN WHICH SELECTED ORGANIZATIONS EACH RECEIVED $1M+ BUILD INVESTMENTS FROM NEW PROFIT OVER FOUR YEARS TO FURTHER ADVANCE AND SCALE THEIR IMPACT. PHASE 2 OF PIE PROVIDES A COHORT-BASED MODEL TO FOSTERS PEER LEARNING, COLLABORATION, AND ALIGNED STRATEGY. THROUGH THE EARLY CHILDHOOD SUPPORT ORGANIZATION (ECSO) INITIATIVE, NEW PROFIT AND THE MASSACHUSETTS DEPARTMENT OF EARLY EDUCATION AND CARE (EEC), PROVIDED PROFESSIONAL DEVELOPMENT AND QUALITY IMPROVEMENT FOR HUNDREDS OF EARLY EDUCATION LEADERS REPRESENTING OVER 100 PROGRAMS ACROSS MASSACHUSETTS. AFTER A FIVE-YEAR PARTNERSHIP BETWEEN NEW PROFIT AND THE MASSACHUSETTS DEPARTMENT OF EARLY EDUCATION AND CARE (EEC), MASSACHUSETTS HAS COMMITTED $18.25 MILLION TO FULLY FUND EARLY CHILDHOOD SUPPORT ORGANIZATIONS (ECSO) OVER SIX YEARS AND NEW PROFIT HAS WOUND DOWN ITS INVOLVEMENT. THE ECSO INITIATIVE DEMONSTRATES THE POWER OF CROSS-SECTOR COLLABORATION AND SERVES AS A MODEL FOR HOW OTHER STATES AND COMMUNITIES CAN ACTIVATE SIMILAR PARTNERSHIPS TO BETTER SUPPORT EDUCATORS, HELP TO CLOSE THE ACHIEVEMENT GAP, AND SHIFT SYSTEMS. AMERICA FORWARD WAS NEW PROFIT'S NONPARTISAN POLICY INITIATIVE THAT UNITES SOCIAL ENTREPRENEURS WITH POLICYMAKERS TO TRANSFORM LOCAL IMPACT INTO NATIONAL CHANGE. NEW PROFIT WOUND DOWN THIS INITIATIVE IN 2025 TO FOCUS ON ITS CORE PORTFOLIO WORK. FORM 990, PART III, LINE 4C, PROGRAM SERVICE ACCOMPLISHMENTS: PORTFOLIO - TRANSFORM THROUGH OUR TRANSFORM INVESTMENTS, WE PROVIDE GRANTEES A $3M+ MULTI-YEAR, UNRESTRICTED GRANT AND ADVISORY SUPPORT. TRANSFORM INVESTMENTS SUPPORT BUILD PORTFOLIO ALUMNI ORGANIZATIONS THAT HAVE A PROVEN MODEL AND A STRATEGIC PATH FORWARD TOWARDS TRANSFORMATIVE IMPACT. A DEDICATED NEW PROFIT DEAL PARTNER SERVES AS A TRUSTED ADVISOR TO THE SOCIAL ENTREPRENEUR AND AS A MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS. OUR SUPPORT IS GEARED TOWARD SUPPORTING LEADERSHIP TEAMS AND BOARDS AS THEY NAVIGATE SIGNIFICANT INFLECTION POINTS IN THEIR GROWTH, DRIVING LARGE-SCALE IMPACT IN OUR GRANTEES' FIELDS, INCLUDING EDUCATION, DEMOCRACY, ECONOMIC MOBILITY AND HEALTH. FORM 990, PART VI, SECTION B, LINE 11B CERTAIN EMPLOYEES OF THE ORGANIZATION REVIEW THE FORM 990 PRIOR TO THE FILING. IN ADDITION, THE FULL FORM 990 WAS REVIEWED BY NEW PROFIT'S FINANCE COMMITTEE BEFORE BEING FILED WITH THE IRS. A FULL COPY OF THE 990 WAS EMAILED TO THE ENTIRE BOARD PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE NEW PROFIT BOARD OF DIRECTORS ADOPTED A CONFLICT OF INTEREST POLICY IN 2005 AND REVISED THE DOCUMENT DURING 2009 AND 2011. ALL NEW DIRECTORS ARE GIVEN A COPY OF THE POLICY WHEN THEY ARE VOTED ONTO THE BOARD. ALL BOARD MEMBERS ARE ALSO REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AND PROVIDE ANNUAL CONFLICT OF INTEREST SIGNOFFS IN THE FOURTH QUARTER OF THE YEAR. ADDITIONALLY, WHEN DIRECTORS HAVE DIRECT RELATIONSHIPS WITH CURRENT PORTFOLIO ORGANIZATIONS OR PIPELINE ORGANIZATIONS (E.G. THEY SERVE ON THE BOARD OF AN ORGANIZATION), DIRECTORS ARE ASKED TO RECUSE THEMSELVES FROM VOTING WHEN DECISIONS REGARDING THESE ORGANIZATIONS ARE MADE BY THE BOARD OF DIRECTORS. WHEN COMPENSATION OF MANAGEMENT IS DISCUSSED AND DECIDED BY THE BOARD, DIRECTORS WITH DIRECT RELATIONSHIPS WITH INDIVIDUALS ON THE MANAGEMENT TEAM ARE ASKED TO RECUSE THEMSELVES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR NEW PROFIT'S CEO (TULAINE MONTGOMERY) IS SET BY THE EXECUTIVE COMMITTEE OF THE NEW PROFIT BOARD OF DIRECTORS. AS INPUT TO THIS DECISION-MAKING PROCESS, MANAGEMENT PROVIDES THE BOARD'S COMPENSATION COMMITTEE WITH SALARY DATA FOR COMPARABLE POSITIONS WITH COMPARABLE ORGANIZATIONS. MANAGEMENT MEETS WITH THE EXECUTIVE COMMITTEE TO DISCUSS THE MATERIAL PROVIDED. THE EXECUTIVE COMMITTEE THEN MEETS INDEPENDENTLY TO DETERMINE COMPENSATION. FOR 2025, THE BOARD ALSO DETERMINED THE SALARY FOR VANESSA KIRSCH, FOUNDER-IN-RESIDENCE AND SENIOR PARTNER. FOR THE COO, DOUG BORCHARD, CFO, IAN MAGEE, AND PRESIDENT, ELIZA GREENBERG IS DETERMINED BY MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE PROVIDED UPON REQUEST AND IN ACCORDANCE WITH APPLICABLE STATES AND FEDERAL LAWS. FORM 990, PART XI, LINE 9: CANCELLED COMMITMENTS RECEIVABLE -10,000. PROVISION FOR UNCOLLECTIBLE COMMITMENTS 723,705. REVERSAL OF GRANT EXPENSE 45,612. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.