Skip to content
Nonprofiteer
← NEW PROFIT INC

Form 990 for tax year 2023

Filed by NEW PROFIT INC.

Totals

Total revenue
$74,873,760
Total expenses
$40,589,935
Contributions and grants received
$71,496,194
Grants paid
$17,096,668
Program services expenses (Part IX)
$30,677,051
Management and general expenses
$5,555,575
Fundraising expenses
$4,357,309
Program service expenses (Part III)
$30,677,051

Program services were 75.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • VANESSA KIRSCH

    FOUNDER-IN-RESIDENCE AND SENIOR PARTNER

    Total calculated
    $478,093
    From this org
    $444,313
    From related orgs
    $0
    Other
    $33,780
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $389,313
    Bonus
    $55,000
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $27,780
    Filer's total
    $478,093

  • TULAINE MONTGOMERY

    CEO

    Total calculated
    $538,698
    From this org
    $522,002
    From related orgs
    $0
    Other
    $16,696
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $467,002
    Bonus
    $55,000
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $10,696
    Filer's total
    $538,698

  • STEVE JENNINGS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • STEVE BARNES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSH BEKENSTEIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KERWIN CHARLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAM COBBS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALISA DOCTOROFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID GERGEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STACY JANIAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WENDY KOPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT LEVIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HENRY MCCANCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DUNCAN MCFARLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KWASI MITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VALERIE MOSLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN MUGFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK NUNNELLY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH QUAZZO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN RICE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN SPECTOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VENKAT SRINIVASAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY WALKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS BORCHARD

    COO

    Total calculated
    $344,116
    From this org
    $337,333
    From related orgs
    $0
    Other
    $6,783
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $337,333
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $783
    Filer's total
    $344,116

  • IAN MAGEE

    MANAGING PARTNER, CFO

    Total calculated
    $369,534
    From this org
    $352,855
    From related orgs
    $0
    Other
    $16,679
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $352,855
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $10,679
    Filer's total
    $369,534

  • ELIZA GREENBERG

    PRESIDENT

    Total calculated
    $358,105
    From this org
    $331,777
    From related orgs
    $0
    Other
    $26,328
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $331,777
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,328
    Filer's total
    $358,105

  • GIA TRUONG

    MANAGING PARTNER,EQUITY & PROXIMITY

    Total calculated
    $268,011
    From this org
    $239,887
    From related orgs
    $0
    Other
    $28,124
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $239,887
    Bonus
    $0
    Other
    $0
    Deferred
    $363
    Nontaxable benefits
    $27,761
    Filer's total
    $268,011

  • MATRIKA BAILEY-TURNER

    CHIEF OF STAFF

    Total calculated
    $172,378
    From this org
    $161,895
    From related orgs
    $0
    Other
    $10,483
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $161,895
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,483
    Filer's total
    $172,378

  • DAVID LEVY

    SENIOR ADVISOR

    Total calculated
    $355,064
    From this org
    $353,056
    From related orgs
    $0
    Other
    $2,008
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $353,056
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,008
    Filer's total
    $355,064

  • DEBORAH SMOLOVER

    MANAGING PARTNER,ED OF AMERICA FORWARD

    Total calculated
    $369,708
    From this org
    $337,372
    From related orgs
    $0
    Other
    $32,336
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $337,372
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $26,336
    Filer's total
    $369,708

  • SHRUTI SEHRA

    MANAGING PARTNER,ECOSYSTEM BLDG & EDUC

    Total calculated
    $260,709
    From this org
    $244,031
    From related orgs
    $0
    Other
    $16,678
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $244,031
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $10,678
    Filer's total
    $260,709

  • SHAWN DOVE

    MANAGING PARTNER,ECOSYSTEM BLDG.

    Total calculated
    $271,096
    From this org
    $243,334
    From related orgs
    $0
    Other
    $27,762
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $243,334
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,762
    Filer's total
    $271,096

  • SAMUEL J HIERSTEINER

    SENIOR PARTNER

    Total calculated
    $256,295
    From this org
    $222,537
    From related orgs
    $0
    Other
    $33,758
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $222,537
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $27,758
    Filer's total
    $256,295

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 — 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
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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 1B
THE ORGANIZATION IS IN THE PROCESS OF CREATING AN EQUITABLE POLICY FOR THESE TYPES OF PURCHASES. THE PURCHASE WAS MADE TO ENHANCE CAPACITY FOR FUNDRAISING, DONOR CULTIVATION, AND EVENT HOSTING.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202442969349300749

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.