Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $71,533,539

• 1g · Noncash contributions included above

  $7,163,879

• 2a · Program service revenue: IET-PROGRAM SERVICE FE

  total $1,165,440 · related or exempt $1,165,440

• 3 · Investment income

  total $1,558,455 · excluded $1,558,455

• 6a · Gross rents

  real property $2,100

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $2,100

• 6d · Net rental income or loss

  total $2,100 · excluded $2,100

• 7a · Gross sales of assets other than inventory

  securities $2,498,119

• 7b · Less cost or other basis and sales expenses

  securities $2,248,802

• 7c · Gain or loss

  securities $249,317

• 7d · Net gain or loss

  total $249,317 · excluded $249,317

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $40,464,130 · program services $40,464,130

• 5 · Compensation of officers, directors and key employees

  total $1,700,586 · program services $475,102 · management and general $987,931 · fundraising $237,553

• 7 · Other salaries and wages

  total $6,621,482 · program services $4,888,139 · management and general $1,171,998 · fundraising $561,345

• 8 · Pension plan contributions

  total $434,703 · program services $330,522 · management and general $67,214 · fundraising $36,967

• 9 · Other employee benefits

  total $911,713 · program services $598,190 · management and general $223,410 · fundraising $90,113

• 10 · Payroll taxes

  total $558,422 · program services $399,079 · management and general $110,890 · fundraising $48,453

• 11b · Fees: legal

  total $1,680 · management and general $1,680

• 11c · Fees: accounting

  total $84,828 · management and general $84,828

• 11g · Fees: other

  total $4,886,613 · program services $3,785,593 · management and general $931,808 · fundraising $169,212

• 12 · Advertising and promotion

  total $155,123 · program services $50,500 · management and general $104,623

• 13 · Office expenses

  total $154,944 · program services $40,327 · management and general $108,880 · fundraising $5,737

• 14 · Information technology

  total $708,981 · program services $30,885 · management and general $674,766 · fundraising $3,330

• 16 · Occupancy

  total $824,400 · program services $3,385 · management and general $821,015

• 17 · Travel

  total $300,982 · program services $158,975 · management and general $130,753 · fundraising $11,254

• 19 · Conferences, conventions and meetings

  total $108,502 · program services $40,619 · management and general $62,911 · fundraising $4,972

• 20 · Interest

  total $9,455 · program services $330 · management and general $9,125

• 22 · Depreciation, depletion and amortization

  total $28,232 · management and general $28,232

• 23 · Insurance

  total $26,572 · management and general $26,572

• 24a · Other expenses: EVENTS

  total $1,451,008 · program services $1,288,009 · management and general $103,452 · fundraising $59,547

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $572,659 · end of year $876,593

• 3 · Pledges and grants receivable

  beginning of year $150,000 · end of year $584,111

• 4 · Accounts receivable

  beginning of year $410,991 · end of year $617,950

• 9 · Prepaid expenses and deferred charges

  beginning of year $77,035 · end of year $2,104,529

• 10a · Land, buildings and equipment: cost or other basis

  $734,133

• 10b · Land, buildings and equipment: accumulated depreciation

  $704,266

• 10c · Land, buildings and equipment, net

  beginning of year $45,137 · end of year $29,867

• 12 · Investments: other securities

  beginning of year $48,723,098 · end of year $63,480,736

• 13 · Investments: program-related

  beginning of year $5,388,401 · end of year $4,758,771

• 15 · Other assets

  beginning of year $30,000 · end of year $30,000

• 17 · Accounts payable and accrued expenses

  beginning of year $789,078 · end of year $963,503

• 18 · Grants payable

  beginning of year $422,500 · end of year $520,000

• 19 · Deferred revenue

  beginning of year $186,439 · end of year $250,000

• 25 · Other liabilities

  beginning of year $0 · end of year $2,180,093

• 27 · Net assets without donor restrictions

  beginning of year $53,999,304 · end of year $67,387,270

• 28 · Net assets with donor restrictions

  end of year $1,181,691

The filer's explanations (Part III)

PART I, LINE 7

BONUSES ARE NON-FIXED PAYMENTS AND ARE DETERMINED AT YEAR-END BASED ON THE COMPLETION OF BOTH INDIVIDUAL AND ORGANIZATION-WIDE GOALS. BONUSES ARE PAID OUT BASED ON THE DISCRETION OF THE EMPLOYEE'S MANAGER FOR INDIVIDUAL GOALS, AND THE DISCRETION OF THE BOARD FOR ORGANIZATION-WIDE GOALS.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• NEWSCHOOLS SEED FUND LP

  RELATED · ACQUIRE & HOLD MISSION RELATED INVESTMENTS · CA · 80% owned · share of income -$11,417 · share of assets $2,853,540

  Directly controlled by NEW SCHOOLS FUND