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Nonprofit · EIN 94-3281780

NEW SCHOOLS FUND

Tax-exempt · OAKLAND, CA 94601

Financials

$49.1M$54.5M2023$41.8M$36.1M2024
Revenue Expenses · by fiscal year end
Financials of NEW SCHOOLS FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$41,832,970$36,108,555$5,724,415$70,939,482$1,715,111$69,224,371
December 31, 2023990$49,069,499$54,520,195-$5,450,696$66,393,420$2,448,275$63,945,145
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$40,294,988
of which government grants
$284,216
Program service revenue
$0
Investment income
$1,527,689
Net rental income
$4,450
Net gain from sales of assets
-$144,118
Other revenue
$10,293

Expenses

Grants and similar amounts paid
$19,443,097
Compensation of officers, directors and key employees
$2,212,362
Other salaries and wages
$5,009,003
Salaries, compensation and benefits (total)
$8,821,694
Professional fundraising fees
$0
Legal fees
$11,259
Accounting fees
$95,865
Occupancy
$734,730
Travel
$326,491
Depreciation
$86,212
Program services (functional)
$31,240,752
Management and general (functional)
$4,084,971
Fundraising (functional)
$782,832

Balance sheet and other

Total assets, start of year
$66,393,420
Total assets, end of year
$70,939,482
Total liabilities, end of year
$1,715,111
Net assets, end of year
$69,224,371
Land, buildings and equipment
$336,677
Net assets without donor restrictions
$32,634,839
Net assets with donor restrictions
$36,589,532
Gross receipts
$71,943,163
Employees
39
Volunteers
10
Year formed
1998
State of legal domicile
CA

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
FRANCES MESSANOCEO
Trustee or director, Officer
40$501,869$32,446
CHRISTOPHER LOZIERCHIEF OPERATING OFFICER/TR
Officer
40$310,805$47,047
HEATHER MCMANUSCHIEF PEOPLE OFFICER
Key employee
40$324,810$30,192
DELICIA JONESCHIEF STRATEGY OFFICER/SEC
Officer
40$318,082$33,845
MIA HOWARDMANAGING PARTNER
Key employee
40$289,320$32,128
CAMERON WHITEPARTNER
Key employee
40$246,860$44,958
MAGGIE ANDREWSDIRECTOR, DEVELOPMENT
Highest-paid employee
40$239,530$50,473
NATALIE WILSONPARTNER, EQUITABLE INVESTI
Highest-paid employee
40$242,662$32,636
JASON ATWOODDIRECTOR, RESEARCH & LEARN
Highest-paid employee
40$236,718$36,699
JESSICA HENRYDIRECTOR, OPERATIONS
Highest-paid employee
40$224,030$45,930
WENDY ANN DIXON-DUBOISDIRECTOR, COMMUNICATIONS
Highest-paid employee
40$233,147$32,256
CORI DUNCANBOARD CHAIR
Trustee or director, Officer
2$0$0
IME ARCHIBONGBOARD MEMBER
Trustee or director
2$0$0
MICHELLE BOYERSBOARD MEMBER
Trustee or director
2$0$0
BROOK BYERSBOARD MEMBER
Trustee or director
2$0$0
6 more people on this return
NameTitleHours / weekCompensation
STACEY CHILDRESSBOARD MEMBER
Trustee or director
2$0
ANGEL MORALESBOARD MEMBER
Trustee or director
2$0
LISETTE NIEVESBOARD MEMBER
Trustee or director
2$0
KIM SMITHBOARD MEMBER
Trustee or director
2$0
PAULA SNEEDBOARD MEMBER
Trustee or director
2$0
CHARLIE WOLFSONBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2023: 21 people
NameTitleHours / weekCompensationOther / benefits
FRANCES MESSANOCEO (AS OF 1/23)
Trustee or director, Officer
40$491,743$31,523
DANIELLE KRISTINE TOUSSAINTCHIEF EXT. AFFAIRS OFF. (THRU 12/23)
Key employee
40$346,251$21,984
CHRISTOPHER LOZIERCHIEF OPERATING OFFICER/TREASURER
Officer
40$304,435$51,749
HEATHER MCMANUSCHIEF PEOPLE OFFICER
Key employee
40$318,633$29,425
DELICIA JONESCHIEF STRATEGY OFFICER/SECRETARY
Officer
40$305,100$32,563
MIA HOWARDMANAGING PARTNER
Highest-paid employee
40$264,066$30,794
CAMERON WHITEPARTNER
Highest-paid employee
40$236,516$41,957
MAGGIE ANDREWSDIRECTOR, DEVELOPMENT
Highest-paid employee
40$229,934$47,402
JASON ATWOODDIRECTOR, RESEARCH & LEARNING
Highest-paid employee
40$232,185$35,198
NATALIE WILSONPARTNER, EQUITABLE INVESTING
Highest-paid employee
40$228,560$30,381
PAULA SNEEDBOARD CHAIR
Trustee or director, Officer
2$0$0
IME ARCHIBONGBOARD MEMBER
Trustee or director
2$0$0
MICHELLE BOYERSBOARD MEMBER
Trustee or director
2$0$0
BROOK BYERSBOARD MEMBER
Trustee or director
2$0$0
STACEY CHILDRESSBOARD MEMBER
Trustee or director
2$0$0
CORI DUNCANBOARD MEMBER
Trustee or director
2$0$0
CHRISTOPHER GABRIELIBOARD MEMBER (THRU 8/23)
Trustee or director
2$0$0
ANGEL MORALESBOARD MEMBER
Trustee or director
2$0$0
LISETTE NIEVESBOARD MEMBER
Trustee or director
2$0$0
KIM SMITHBOARD MEMBER
Trustee or director
2$0$0
CHARLIE WOLFSONBOARD MEMBER
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
2648 INTERNATIONAL BLVD STE 301, OAKLAND, CA 94601-1580
Principal officer (990 for 2024)
DELICIA JONES, 1616 FRANKLIN STREET 2ND FLOOR, OAKLAND, CA 94612
Signed the 990
DELICIA JONES, COO
Phone
(415) 615-6860
Return prepared by
ARMANINO ADVISORY LLC

California records

California keeps its own records of charities and corporations. Search them by EIN 94-3281780 or by the name NEW SCHOOLS FUND.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

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.

990 for the year ended December 31, 2024

Program accomplishments

  • VENTURE FUNDING AND SUPPORT: NEWSCHOOLS RAISES PHILANTHROPIC DOLLARS AND INVESTS THEM IN ENTREPRENEURS AND TEAMS OF EDUCATORS. WE FIND, FUND, AND SUPPORT ORGANIZATIONS THAT ARE REIMAGINING EDUCATION. IN ADDITION TO PROVIDING FINANCIAL ASSISTANCE, NEWSCHOOLS ALSO PROVIDES ADDITIONAL RESOURCES INCLUDING CONVENINGS, ACCESS TO RESEARCH, PARTICIPATION IN A COHORT, AND MANAGEMENT ASSISTANCE. OUR INVESTMENT AREAS ARE INNOVATIVE PUBLIC SCHOOLS, TEACHING REIMAGINED, LEARNING DIFFERENCES, LEARNING SOLUTIONS AND DIVERSE LEADERS/RACIAL EQUITY.
    Expenses $31,240,752 · grants $19,443,097

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
94-3281780
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
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B110)
Assets (IRS master file)
$70,939,482
Income (IRS master file)
$71,943,163

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$41,832,970$36,108,555$70,939,482XML
990December 2023$49,069,499$54,520,195$66,393,420XML
990December 2022$74,508,851$59,432,356$72,482,557IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 94-3281780).

Questions about NEW SCHOOLS FUND

What is the EIN of NEW SCHOOLS FUND?
The employer identification number (EIN) of NEW SCHOOLS FUND is 94-3281780.
Is NEW SCHOOLS FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to NEW SCHOOLS FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW SCHOOLS FUND 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 NEW SCHOOLS FUND 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 NEW SCHOOLS FUND 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 NEW SCHOOLS FUND?
The 990 for the year ended December 31, 2024 names DELICIA JONES.
Who are the officers and directors of NEW SCHOOLS FUND?
The 990 for the year ended December 31, 2024 lists 21 people; 11 received compensation from the organization, the highest $501,869 (FRANCES MESSANO, CEO).
How much revenue does NEW SCHOOLS FUND have?
On its 990 for the year ended December 31, 2024 it reported revenue of $41,832,970, expenses of $36,108,555 and total assets of $70,939,482 at year end.

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