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Nonprofiteer
← THE NEW COMMON SCHOOL FOUNDATION

Form 990 for tax year 2024

Filed by THE NEW COMMON SCHOOL FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 9 December 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$7,197,675
Total expenses
$7,296,448
Contributions and grants received
$3,838,158
Grants paid
$2,909,467
Program service revenue
$3,159,437
Investment income
$200,080
Other revenue
$0
Total assets, end of year
$44,150,067
Total liabilities, end of year
$8,639,556
Net assets or fund balances, end of year
$35,510,511
Program services expenses (Part IX)
$6,465,652
Management and general expenses
$593,849
Fundraising expenses
$236,947
Program service expenses (Part III)
$6,465,652

Program services were 88.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,838,158

  • 2a · Program service revenue: MISSION RELATED REVENU

    total $3,159,437 · related or exempt $3,159,437

  • 3 · Investment income

    total $200,080 · excluded $200,080

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,896,722 · program services $2,896,722

  • 2 · Grants to domestic individuals

    total $12,745 · program services $12,745

  • 5 · Compensation of officers, directors and key employees

    total $560,013 · program services $448,010 · management and general $84,002 · fundraising $28,001

  • 7 · Other salaries and wages

    total $435,662 · program services $234,974 · management and general $101,980 · fundraising $98,708

  • 9 · Other employee benefits

    total $136,230 · program services $81,850 · management and general $29,188 · fundraising $25,192

  • 10 · Payroll taxes

    total $55,301 · program services $30,471 · management and general $12,719 · fundraising $12,111

  • 13 · Office expenses

    total $58,400 · program services $8,760 · management and general $43,800 · fundraising $5,840

  • 16 · Occupancy

    total $284,392 · program services $284,392

  • 17 · Travel

    total $17,904 · program services $17,439 · management and general $358 · fundraising $107

  • 20 · Interest

    total $664,117 · program services $664,117

  • 22 · Depreciation, depletion and amortization

    total $1,222,509 · program services $1,222,509

  • 23 · Insurance

    total $100,215 · program services $63,436 · management and general $36,779

  • 24a · Other expenses: CONTRACT SERVICES

    total $415,330 · program services $259,832 · management and general $126,998 · fundraising $28,500

  • 24b · Other expenses: MISCELLANEOUS

    total $159,545 · program services $83,566 · management and general $47,703 · fundraising $28,276

  • 24c · Other expenses: PROFESSIONAL FEES

    total $139,359 · program services $24,077 · management and general $106,383 · fundraising $8,899

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $99,946 · program services $99,946

  • 24e · All other expenses

    total $38,058 · program services $32,806 · management and general $3,939 · fundraising $1,313

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,746,854 · end of year $1,538,591

  • 3 · Pledges and grants receivable

    beginning of year $1,447,935 · end of year $2,487,763

  • 4 · Accounts receivable

    beginning of year $886,185 · end of year $760,903

  • 5 · Loans and receivables from officers and key people

    beginning of year $300,000 · end of year $250,000

  • 7 · Other notes and loans receivable

    beginning of year $2,012,207 · end of year $342,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $70,257 · end of year $40,521

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

    $44,764,278

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

    $11,193,541

  • 10c · Land, buildings and equipment, net

    beginning of year $34,757,641 · end of year $33,570,737

  • 11 · Investments: publicly traded securities

    beginning of year $3,401,707 · end of year $4,659,498

  • 15 · Other assets

    beginning of year $682,606 · end of year $500,054

  • 17 · Accounts payable and accrued expenses

    beginning of year $401,375 · end of year $272,904

  • 23 · Secured mortgages and notes payable

    beginning of year $9,482,570 · end of year $8,366,652

  • 27 · Net assets without donor restrictions

    beginning of year $35,421,447 · end of year $35,510,511

Mission and programs · 2024

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • THE NEW COMMON SCHOOL FOUNDATION (THE FOUNDATION) IS HELPING TO RESEARCH, DEVELOP, CREATE, AND SUPPORT A NEW COMMON SCHOOL FOR PUBLIC SCHOOL STUDENTS. IT ALSO IS SEEKING TO SUPPORT LEARNINGS IN READING AND MATH INSTRUCTION WHILE ALSO HELPING TO CREATE CAREER OPPORTUNITIES FOR URBAN CHILDREN. THE FOUNDATION HAS WORKED TO PURCHASE, DEVELOP, AND/OR MAINTAIN HIGHER QUALITY LEARNING ENVIRONMENTS WHILE CREATING PARTNERSHIPS WITH THE CORNERSTONE EDUCATION GROUP TO ACHIEVE ITS COMPLETE LIFE MISSION TO SERVE 2,500 OR MORE STUDENTS IN THE CITY OF DETROIT.

    Expenses $6,465,652 · Grants $2,909,467 · Revenue $3,159,437

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • W CLARK DURANT III

    PRESIDENT/TREASURER

    Total calculated
    $512,172
    From this org
    $475,000
    From related orgs
    $0
    Other
    $37,172
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $475,000
    Bonus
    $0
    Other
    $0
    Deferred
    $37,172
    Nontaxable benefits
    $0
    Filer's total
    $512,172

  • CAROL MANSFIELD

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • JEFFREY T NEILSON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • MARY ANN JOHNSON

    DIRECTOR OF FINANCE

    Total calculated
    $174,040
    From this org
    $171,883
    From related orgs
    $0
    Other
    $2,157
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,883
    Bonus
    $0
    Other
    $0
    Deferred
    $2,157
    Nontaxable benefits
    $0
    Filer's total
    $174,040

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

None.

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

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
2024
Filed
16 November 2025
IRS schema version
2024v5.2
Source object
202533219349304288

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