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Education : Scholarship and Financial Support (Fundraising)

NewSchools Venture Fund

Transforming public education by supporting education entrepreneurs

95.81

1970 Broadway Suite 350
Oakland, CA 94612
tel: (415) 615-6860   Web Site
EIN: 94-3281780

CEO
Stacy Childress
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 95.81
  Financial 95.64
  Accountability & Transparency 96.00
This rating was published 06/01/2016 and includes data from FY2014, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

95.64

Accountability & Transparency

96.00

This rating was published 06/01/2016 and includes data from FY2014, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity’s total expenses spent on the programs
and services it delivers)
89.0%
  Administrative Expenses 7.5%
  Fundraising Expenses 3.3%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 1.32
  Program Expenses Growth 8.1%
  Liabilities to Assets 9.9%
All data for Financial Performance Metrics calculations was provided by NewSchools Venture Fund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by NewSchools Venture Fund on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
NewSchools Venture Fund (CA) 95.81
Cape Eleuthera Foundation (MA) 87.16
State University College at Oneonta Foundation Corporation (NY) 91.51
Peninsula Education Foundation (CA) 95.65
Mark Wahlberg Youth Foundation (MA) 89.94

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Founded in 1998, the NewSchools Venture Fund works to transform public education so that all children - especially those underserved - have the opportunity to succeed in the 21st century. As a nonprofit venture philanthropy firm, we raise capital from both individual and institutional investors; we then use those funds to support promising education entrepreneurs, help them grow their organizations to scale, and connect their work with public school systems - particularly within targeted urban areas. We believe that education entrepreneurs can spark this broader transformation in the public school system.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $23,633,194
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $23,633,194
   Program Service Revenue $529,550
Total Primary Revenue $24,162,744
   Other Revenue $-551,370
TOTAL REVENUE $23,611,374
   
EXPENSES  
   Program Expenses $27,424,640
   Administrative Expenses $3,496,792
   Fundraising Expenses $763,938
TOTAL FUNCTIONAL EXPENSES $31,685,370
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-8,073,996
   
Net Assets $37,518,108

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Venture Building $20,117,337 73.4%
Field Building $7,307,303 26.6%

Ratings History
NewSchools Venture Fund has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2014-12 06/01/2016 95.81
 
CN 2.0
2014-12 03/01/2016 93.02
2013-12 06/01/2015 95.67
2012-12 08/01/2014 94.31
2012-12 05/01/2014 78.78
2011-08 11/06/2012 81.60
2010-08 12/23/2011 87.65
2009-08 09/20/2011 92.20
 
CN 1.0
2009-08 11/24/2010 99.21
2008-08 04/01/2010 99.36
2007-08 12/01/2008 99.27

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 94-3281780
Name in IRS Master File NEW SCHOOLS FUND
NTEE Code B11
NTEE Classification Single Organization Support
NTEE Type Educational Institutions and Related Activities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(40) Scholarships (other)
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date February, 1998
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2014
  • December, 2013
  • December, 2012
  • December, 2011
  • August, 2011

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title
$169,230 0.53% Stacey Childress CEO
Other Salaries of Note
$337,411 1.06% Theodore R. Mitchell Former Chief Executive Officer
$205,049 0.64% Esteban Sosnik Executive Director

Founded in 1998, the NewSchools Venture Fund works to transform public education so that all children - especially those underserved - have the opportunity to succeed in the 21st century. As a nonprofit venture philanthropy firm, we raise capital from both individual and institutional investors; we then use those funds to support promising education entrepreneurs, help them grow their organizations to scale, and connect their work with public school systems - particularly within targeted urban areas. We believe that education entrepreneurs can spark this broader transformation in the public school system.

Highly Rated

Charity Name & State Overall Score Overall Rating
NewSchools Venture Fund (CA) 95.81
Youth, I.N.C. (NY) 85.65
Uncommon Schools (NY) 90.58
Cape Eleuthera Foundation (MA) 87.16
Association of Graduates of the United States Air Force Academy (CO) 90.23

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Charity Contact Info

NewSchools Venture Fund
1970 Broadway
Suite 350
Oakland, CA 94612
tel: (415) 615-6860
fax: (415) 615-6861
EIN: 94-3281780

Visit Web Site

CEO

Stacy Childress
Chief Executive Officer

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