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Nonprofiteer
← THE NEW COMMON SCHOOL FOUNDATION

Form 990 for tax year 2022

Filed by THE NEW COMMON SCHOOL FOUNDATION.

Totals

Total revenue
$6,997,203
Total expenses
$5,257,084
Contributions and grants received
$3,837,423
Grants paid
$1,280,599
Program service revenue
$3,114,671
Investment income
$45,109
Other revenue
$0
Total assets, end of year
$44,389,188
Total liabilities, end of year
$10,039,776
Net assets or fund balances, end of year
$34,349,412
Program services expenses (Part IX)
$4,391,787
Management and general expenses
$569,217
Fundraising expenses
$296,080
Program service expenses (Part III)
$4,391,787

Program services were 83.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JEFFERY NEILSON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • CLARK DURANT

    PRESIDENT AND TREASURER

    Total calculated
    $526,405
    From this org
    $475,000
    From related orgs
    $0
    Other
    $51,405
    Hours/week
    60 + 2 related

    Schedule J breakdown matched by us

    Base
    $475,000
    Bonus
    $0
    Other
    $0
    Deferred
    $21,750
    Nontaxable benefits
    $29,655
    Filer's total
    $526,405

  • CAROL MANSFIELD

    DIRECTOR AND SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE NEW COMMON SCHOOL FOUNDATION PAYS THE DUES FOR THE PRESIDENT, CLARK DURANT, FOR THE DETROIT ATHLETIC CLUB FOR FUNDRAISING PURPOSES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349315024

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