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Nonprofit · EIN 38-3326860

THE NEW COMMON SCHOOL FOUNDATION

Tax-exempt · DETROIT, MI 48234

Financials

$5.2M$4.2M2023$7.2M$7.3M2024
Revenue Expenses · by fiscal year end
Financials of THE NEW COMMON SCHOOL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990 (amended)$7,197,675$7,296,448-$98,773$44,150,067$8,639,556$35,510,511
December 31, 2023990$5,202,613$4,212,998$989,615$45,305,392$9,883,945$35,421,447
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,838,158
Program service revenue
$3,159,437
Investment income
$200,080
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,909,467
Compensation of officers, directors and key employees
$560,013
Other salaries and wages
$435,662
Salaries, compensation and benefits (total)
$1,187,206
Professional fundraising fees
$0
Occupancy
$284,392
Travel
$17,904
Depreciation
$1,222,509
Program services (functional)
$6,465,652
Management and general (functional)
$593,849
Fundraising (functional)
$236,947

Balance sheet and other

Total assets, start of year
$45,305,392
Total assets, end of year
$44,150,067
Total liabilities, end of year
$8,639,556
Net assets, end of year
$35,510,511
Land, buildings and equipment
$33,570,737
Publicly traded securities
$4,659,498
Net assets without donor restrictions
$35,510,511
Gross receipts
$7,197,675
Employees
7
Volunteers
2
Year formed
1996
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
W CLARK DURANT IIIPRESIDENT/TREASURER
Trustee or director, Officer
60$475,000$37,172
MARY ANN JOHNSONDIRECTOR OF FINANCE
Highest-paid employee
40$171,883$2,157
CAROL MANSFIELDSECRETARY
Trustee or director, Officer
0.5$0$0
JEFFREY T NEILSONCHAIRMAN
Trustee or director, Officer
0.5$0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationOther / benefits
CLARK DURANTPRESIDENT AND TREASURER
Trustee or director, Officer
60$515,000$55,145
SHARON MAIERVP INSTITUTIONAL ADVANCEMENT
Highest-paid employee
40$140,000$0
JEFFERY NEILSONCHAIRMAN
Trustee or director, Officer
0.5$0$0
CAROL MANSFIELDDIRECTOR AND SECRETARY
Trustee or director, Officer
0.5$0$0

Address and contacts

Address (IRS master file)
7401 EMILY ST, DETROIT, MI 48234-3098
In care of
% CLARK DURANT
Principal officer (990 for 2024)
W CLARK DURANT III, 6861 E NEVADA, DETROIT, MI 48234
Signed the 990
W CLARK DURANT III, PRESIDENT/TREASURER
Phone
(313) 368-8580
Return prepared by
UHY ADVISORS GREAT LAKES INC

Mission

THE FOUNDATION'S PURPOSE IS TO EXPLORE THE PROMOTION OF EXCELLENCE IN EDUCATION, BOTH PUBLIC AND PRIVATE, WITH THE EXPANDED USE OF VOLUNTEERS AND TUTORS, THE DEVELOPMENT OF FUNDING SOURCES, THE TRANSFORMATION OF TEACHING AND LEARNING, THE FORMATION OF CHARACTER IN THE JESUIT TRADITION OF HOLINESS, AND SEEKING EFFORTS TO DEVELOP ONE OR ALL OF WHAT THE REV. DR. MARTIN LUTHER KING CALLED THE THREE DIMENSIONS OF THE COMPLETE LIFE, ALONE IN OR IN PARTNERSHIP WITH SECULAR AND RELIGIOUS ORDERS. FURTHER TO PROMOTE DIRECT GRANTS, CONTRIBUTIONS, LOANS AND/OR OTHER FUND ASSISTANCE TO LOCAL AND NATIONAL RELIGIOUS ORGANIZATIONS, NONPROFIT ORGANIZATIONS AND TO PUBLIC CHARTER SCHOOL MANAGEMENT COMPANIES TO ACCOMPLISH THE FOREGOING; AND TO RECEIVE AND ADMINISTER FUNDS FOR SUCH PURPOSES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE NEW COMMON SCHOOL FOUNDATION (THE FOUNDATION) IS HELPING TO RESEARCH, DEVELOP, CREATE, AND SUPPORT A NEW COMMON SCHOOL FOR PUBLIC SCHOOL STUDENTS. IT ALSO IS SEEKING TO SUPPORT LEARNINGS IN READING AND MATH INSTRUCTION WHILE ALSO HELPING TO CREATE CAREER OPPORTUNITIES FOR URBAN CHILDREN. THE FOUNDATION HAS WORKED TO PURCHASE, DEVELOP, AND/OR MAINTAIN HIGHER QUALITY LEARNING ENVIRONMENTS WHILE CREATING PARTNERSHIPS WITH THE CORNERSTONE EDUCATION GROUP TO ACHIEVE ITS COMPLETE LIFE MISSION TO SERVE 2,500 OR MORE STUDENTS IN THE CITY OF DETROIT.
    Expenses $6,465,652 · grants $2,909,467 · revenue $3,159,437

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-3326860
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B80)
Assets (IRS master file)
$44,150,067
Income (IRS master file)
$7,197,675

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,197,675$7,296,448$44,150,067XML
990December 2023$5,202,613$4,212,998$45,305,392XML
990December 2022$6,997,203$5,257,084$44,389,188IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-3326860).

Questions about THE NEW COMMON SCHOOL FOUNDATION

What is the EIN of THE NEW COMMON SCHOOL FOUNDATION?
The employer identification number (EIN) of THE NEW COMMON SCHOOL FOUNDATION is 38-3326860.
Is THE NEW COMMON SCHOOL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to THE NEW COMMON SCHOOL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE NEW COMMON SCHOOL FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE NEW COMMON SCHOOL FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE NEW COMMON SCHOOL FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE NEW COMMON SCHOOL FOUNDATION?
The 990 for the year ended December 31, 2024 names W CLARK DURANT III.
Who are the officers and directors of THE NEW COMMON SCHOOL FOUNDATION?
The 990 for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $475,000 (W CLARK DURANT III, PRESIDENT/TREASURER).
How much revenue does THE NEW COMMON SCHOOL FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,197,675, expenses of $7,296,448 and total assets of $44,150,067 at year end.

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