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Education : Education Policy and Reform (Grantmaking/Grants Payable)

New Profit

Helping social entrepreneurs build world-class organizations

three stars

88.22

200 Clarendon Street 44th Floor
Boston, MA 02116
tel: (617) 912-8800   Web Site
EIN: 04-3396766

Board Leadership
Jeffrey C. Walker
Chair

CEO
Vanessa Kirsch
Founder and Chief Executive Officer

 
 
  Score
(out of 100)
Rating
Overall Score & Rating 88.22 three stars
  Financial 87.50 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 12/01/2018 and includes data from FY2017, the most recent 990 received at that time.

New Profit is a national nonprofit venture philanthropy fund. Our mission is to break down the barriers that stand between people and opportunity in America. We work with visionary entrepreneurs, philanthropists, and other partners to upend the status quo and transform the way America educates its children, propels people towards social and financial stability, and creates healthy communities.

New Profit is a national nonprofit venture philanthropy fund. Our mission is to break down the barriers that stand between people and opportunity in America. We work with visionary entrepreneurs, philanthropists, and other partners to upend the status quo and transform the way America educates its children, propels people towards social and financial stability, and creates healthy communities.

Impact Information

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Financial

three stars

87.50

Accountability & Transparency

three stars

89.00

This rating was published 12/01/2018 and includes data from FY2017, 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)
87.4%
  Administrative Expenses 8.5%
  Fundraising Expenses 3.9%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 1.62
  Program Expenses Growth -4.7%
  Liabilities to Assets 1.7%
All data for Financial Performance Metrics calculations was provided by New Profit on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by New Profit on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
New Profit (MA) 88.22 three stars
Education Foundation of Palm Beach County (FL) 92.92 four stars
Center for Education Reform (DC) 88.69 three stars
Education Writers Association (DC) 90.26 four stars
Collaborative for Academic, Social, and Emotional Learning (IL) 88.56 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $16,115,471
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $16,115,471
   Program Service Revenue $578,706
Total Primary Revenue $16,694,177
   Other Revenue $82,127
TOTAL REVENUE $16,776,304
   
EXPENSES  
   Program Expenses $22,010,791
   Administrative Expenses $2,507,778
   Fundraising Expenses $1,282,002
TOTAL FUNCTIONAL EXPENSES $25,800,571
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-9,024,267
   
Net Assets $44,696,700

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
Portfolio Investment Fund $7,554,451 34.3%
The Reimagine School Systems Fund $7,232,900 32.9%
The Reimagine Learning Fund $3,648,907 16.6%
Early Learning Fund $3,574,533 16.2%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 12/01/2018 88.22 three stars
2016-12 03/01/2018 88.28 three stars
2015-12 05/01/2017 92.22 four stars
2014-12 06/01/2016 92.02 four stars
 
CN 2.0
2013-12 07/01/2015 91.71 four stars
2012-12 02/01/2014 88.88 three stars
2011-12 07/01/2013 84.97 three stars
2010-12 04/01/2012 88.86 three stars
2009-12 09/20/2011 91.64 four stars
 
CN 1.0
2009-12 06/01/2011 95.70 four stars
2008-12 07/01/2010 98.59 four stars
2007-12 05/01/2009 98.81 four stars
2006-12 03/01/2008 96.01 four stars
2005-12 02/01/2007 95.62 four stars
2004-12 01/01/2006 95.88 four stars
2003-12 03/01/2005 98.43 four stars

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

EIN 04-3396766
Name in IRS Master File NEW PROFIT INC
NTEE Code S50
NTEE Classification Nonprofit Management
NTEE Type Community Improvement, Capacity Building
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(603) Non-financial services of facilities to other organizations
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 October, 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, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$389,090 1.50% Vanessa Kirsch Founder and CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
New Profit (MA) 88.22 three stars
Collaborative for Academic, Social, and Emotional Learning (IL) 88.56 three stars
Advance Illinois (IL) 87.10 three stars
National Association of Charter School Authorizers (IL) 85.00 three stars
California Charter Schools Association (CA) 88.22 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

New Profit
200 Clarendon Street
44th Floor
Boston, MA 02116
tel: (617) 912-8800
EIN: 04-3396766

Visit Web Site

Board Leadership

Jeffrey C. Walker
Chair

CEO

Vanessa Kirsch
Founder and Chief Executive Officer

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