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Nonprofiteer
← NEW SCHOOLS FUND

Form 990 for tax year 2023

Filed by NEW SCHOOLS FUND.

Totals

Total revenue
$49,069,499
Total expenses
$54,520,195
Contributions and grants received
$45,026,641
Grants paid
$32,051,500
Program services expenses (Part IX)
$46,824,118
Management and general expenses
$6,047,801
Fundraising expenses
$1,648,276
Program service expenses (Part III)
$46,824,118

Program services were 85.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • FRANCES MESSANO

    CEO (AS OF 1/23)

    Total calculated
    $523,266
    From this org
    $491,743
    From related orgs
    $0
    Other
    $31,523
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $447,300
    Bonus
    $44,443
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $9,023
    Filer's total
    $523,266

  • PAULA SNEED

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • IME ARCHIBONG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE BOYERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BROOK BYERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • STACEY CHILDRESS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CORI DUNCAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER GABRIELI

    BOARD MEMBER (THRU 8/23)

    Total calculated
    $0
    Hours/week
    2

  • ANGEL MORALES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LISETTE NIEVES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KIM SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHARLIE WOLFSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER LOZIER

    CHIEF OPERATING OFFICER/TREASURER

    Total calculated
    $356,184
    From this org
    $304,435
    From related orgs
    $0
    Other
    $51,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,800
    Bonus
    $27,635
    Other
    $0
    Deferred
    $19,253
    Nontaxable benefits
    $32,496
    Filer's total
    $356,184

  • DELICIA JONES

    CHIEF STRATEGY OFFICER/SECRETARY

    Total calculated
    $337,663
    From this org
    $305,100
    From related orgs
    $0
    Other
    $32,563
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $276,800
    Bonus
    $28,300
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $10,063
    Filer's total
    $337,663

  • DANIELLE KRISTINE TOUSSAINT

    CHIEF EXT. AFFAIRS OFF. (THRU 12/23)

    Total calculated
    $368,235
    From this org
    $346,251
    From related orgs
    $0
    Other
    $21,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,389
    Bonus
    $28,210
    Other
    $48,652
    Deferred
    $0
    Nontaxable benefits
    $21,984
    Filer's total
    $368,235

  • HEATHER MCMANUS

    CHIEF PEOPLE OFFICER

    Total calculated
    $348,058
    From this org
    $318,633
    From related orgs
    $0
    Other
    $29,425
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,100
    Bonus
    $29,533
    Other
    $0
    Deferred
    $22,304
    Nontaxable benefits
    $7,121
    Filer's total
    $348,058

  • MIA HOWARD

    MANAGING PARTNER

    Total calculated
    $294,860
    From this org
    $264,066
    From related orgs
    $0
    Other
    $30,794
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,000
    Bonus
    $24,066
    Other
    $0
    Deferred
    $18,096
    Nontaxable benefits
    $12,698
    Filer's total
    $294,860

  • CAMERON WHITE

    PARTNER

    Total calculated
    $278,473
    From this org
    $236,516
    From related orgs
    $0
    Other
    $41,957
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,800
    Bonus
    $21,716
    Other
    $0
    Deferred
    $9,461
    Nontaxable benefits
    $32,496
    Filer's total
    $278,473

  • JASON ATWOOD

    DIRECTOR, RESEARCH & LEARNING

    Total calculated
    $267,383
    From this org
    $232,185
    From related orgs
    $0
    Other
    $35,198
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,800
    Bonus
    $21,385
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $12,698
    Filer's total
    $267,383

  • MAGGIE ANDREWS

    DIRECTOR, DEVELOPMENT

    Total calculated
    $277,336
    From this org
    $229,934
    From related orgs
    $0
    Other
    $47,402
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,900
    Bonus
    $26,034
    Other
    $0
    Deferred
    $18,395
    Nontaxable benefits
    $29,007
    Filer's total
    $277,336

  • NATALIE WILSON

    PARTNER, EQUITABLE INVESTING

    Total calculated
    $258,941
    From this org
    $228,560
    From related orgs
    $0
    Other
    $30,381
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,400
    Bonus
    $26,160
    Other
    $0
    Deferred
    $9,142
    Nontaxable benefits
    $21,239
    Filer's total
    $258,941

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
THE ORGANIZATION PROVIDED SEVERANCE AND A PRO-RATED BONUS TO DANIELLE KRISTINE TOUSSAINT, CHIEF EXTERNAL AFFAIRS OFFICER, AMOUNTING TO $76,762. THIS INCLUDED $48,652 IN SEVERANCE PAY AND A PRO-RATED BONUS OF $28,210. SHE PARTED WAYS WITH NEWSCHOOLS IN DECEMBER 2023.
PART I, LINE 7
BONUSES ARE NON-FIXED PAYMENTS AND ARE DETERMINED AT YEAR-END BASED ON THE COMPLETION OF ORGANIZATION-WIDE GOALS. BONUSES ARE PAID OUT BASED ON THE DISCRETION OF THE BOARD.

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
9 September 2024
IRS schema version
2023v5.1
Source object
202412589349301051

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

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