Overview
What is New Schools Fund?
New Schools Fund is a venture philanthropy organization based in Oakland, California, with a team of 56 employees. Their mission revolves around enhancing public education by identifying and supporting promising education ventures across the country. Through a combination of financial assistance and additional resources, including access to research, participation in a cohort, convenings, and management assistance, New Schools Fund invests in innovative public schools, diverse leaders, learning solutions, and racial equity. Their investment areas aim to create a nationwide network of education entrepreneurs committed to bridging the achievement gap.
Official website here: www.newschools.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 99% - Four-Star out of Four Star Rating
The New Schools Fund has earned a high score of 99%, achieving a Four-Star rating from Charity Navigator, which highlights its strong accountability and financial practices. The score reflects exceptional performance in areas such as board independence, audit oversight, and transparency, indicating a well-managed organization committed to financial integrity.
Strengths include a fully independent board, comprehensive financial policies, and a strong program expense ratio of nearly 90%, suggesting that a significant portion of funds directly supports its mission. Additionally, the organization has a solid whistleblower policy and maintains transparency through readily available financial documents on its website.
However, there is a noted limitation regarding the absence of a donor privacy policy, which may raise concerns for some potential donors about how their information is managed. Overall, the New Schools Fund demonstrates a strong commitment to financial responsibility and transparency, making it a trustworthy option for those looking to support educational initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about New Schools Fund?
94% of 32 reviewers recommend New Schools Fund. Here is a summary of their reviews:
The nonprofit is generally viewed positively, with many appreciating its focus on innovative education approaches aimed at benefiting the next generation. Although one review expressed skepticism, the overall sentiment leans towards a supportive outlook, emphasizing the organization's commitment to enhancing educational opportunities.
Overall, New Schools Fund appears to be making a meaningful impact in the education sector, resonating well with those who value forward-thinking solutions for children's schooling.
This AI summary has been generated from reviews found on Facebook.
Is New Schools Fund legitimate?
New Schools Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Schools Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,933,406
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,953,873
For more financial information, click here
Official website here: www.newschools.org
What is the mission statement of New Schools Fund?
The New Schools Fund is dedicated to enhancing public education by identifying and backing promising education ventures in the country. Their mission is to build a nationwide network of education entrepreneurs, all committed to bridging the achievement gap. Through their venture funding and support, they provide financial assistance as well as additional resources, such as research access, cohort participation, and management assistance. Their investment areas include innovative public schools, diverse leaders, learning solutions, and racial equity.
Official website here: www.newschools.org
Who is the CEO of New Schools Fund?
Frances Messano is the CEO of New Schools Fund The CEO's salary of New Schools Fund is $491,743 and their total compensation is $523,266.
Official website here: www.newschools.org
What is the revenue of New Schools Fund?
New Schools Fund's revenue in 2023 was $49,069,499.
Official website here: www.newschools.org
Who are the executives of New Schools Fund and what are their salaries?
The average compensation at New Schools Fund during 2023 was $167,685. There are 53 employees and 11 volunteers at New Schools Fund.
Here are 21 key members and their salaries (New Schools Fund's CEO's salary is $491,743 and their total compensation is $523,266):
- Compensation: $491,743
- Related: $0
- Other: $31,523
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $304,435
- Related: $0
- Other: $51,749
- Compensation: $305,100
- Related: $0
- Other: $32,563
- Compensation: $346,251
- Related: $0
- Other: $21,984
- Compensation: $318,633
- Related: $0
- Other: $29,425
- Compensation: $264,066
- Related: $0
- Other: $30,794
- Compensation: $236,516
- Related: $0
- Other: $41,957
- Compensation: $232,185
- Related: $0
- Other: $35,198
- Compensation: $229,934
- Related: $0
- Other: $47,402
- Compensation: $228,560
- Related: $0
- Other: $30,381
Official website here: www.newschools.org
Where can I find the form 990 for New Schools Fund?
New Schools Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newschools.org
Learn more at the official website: www.newschools.org
Mission Statement of New Schools Fund
The New Schools Fund is a mission-driven organization dedicated to enhancing public education in the United States. By identifying and supporting the most promising education ventures in the country, this venture fund aspires to create a nationwide network of education entrepreneurs who are committed to closing the achievement gap.
Through philanthropic investments, the New Schools Fund provides financial assistance to innovative educators and teams, enabling them to bring their groundbreaking ideas to life. The organization's support extends beyond financial resources, offering additional advantages such as access to research, participation in a cohort, management assistance, and the organization of convenings. The New Schools Fund's investment areas focus on innovative public schools, diverse leaders, learning solutions, and racial equity.
Empowered by the New Schools Fund's backing, these education pioneers are reimagining the way students learn and grow. With the organization's unwavering commitment to education and its innovative approach to investing in educational ventures, the New Schools Fund is making a significant impact on public education and the lives of students across the country.
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Impact
October, 2024
New Schools Fund significantly impacts public education by identifying and supporting innovative ventures that aim to transform educational outcomes. By providing venture funding, they empower teams of educators and entrepreneurs working to reimagine education across the nation. This support not only includes financial investments but also offers resources such as convenings, access to research, and management assistance. Their focus areas encompass innovative public schools, diverse leadership, effective learning solutions, and advancing racial equity, contributing to a nationwide network of education entrepreneurs dedicated to closing the achievement gap.
This information is meant to be a general summary of New Schools Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,591,920
- Program Service Revenue: $1,165,440
- Gross Receipts: $156,548,057
Assets and Liabilities:
- Total Assets: $72,482,557
- Total Liabilities: $3,913,596
- Net Assets: $68,568,961
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
IET-PROGRAM SERVICE FE
Revenue
$1,165,440
Organization Details
Founding Year
1998
Principal Officer
Chris Lozier
Website
www.newschools.orgNTEE Category
Code: B110 - Education
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