Overview
What is New Profit Inc?
New Profit Inc is a venture philanthropy organization dedicated to uplifting social entrepreneurs in America, whose work focuses on equity and opportunity. Based on the provided information, New Profit acts as a bridge between these leaders and philanthropists, offering them unrestricted grants and strategic support to amplify their impact, scale, and sustainability. They believe that strengthening the capacity of these organizations is crucial for long-term success. New Profit also collaborates with social entrepreneurs and various stakeholders to redefine the approach to social change, encouraging a shift in government and philanthropy's strategies to ensure all individuals can thrive. Since its inception in 1998, New Profit has invested over $350 million in more than 200 organizations and, through its collective advocacy efforts, has unlocked over $1.9 billion in government funding for social innovation.
Official website here: www.newprofit.org
Is New Profit Inc legitimate?
New Profit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Profit Inc 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.
Here are some key statistics you may want to consider:
Executive Compensation: $1,773,763
Professional Fundraising Fees: $200,402
Other Salaries and Wages: $8,124,406
For more financial information, click here
Official website here: www.newprofit.org
What is the mission statement of New Profit Inc?
New Profit Inc is a venture philanthropy organization that champions social entrepreneurs, advancing equity and opportunity in America. They foster strong partnerships with these leaders, providing unrestricted grants and strategic support to bolster their organizations' impact, scale, and sustainability. New Profit also collaborates with various stakeholders, including policymakers and philanthropists, to shift the approach of government and philanthropy in pursuing social change, ensuring a thriving future for all people. Since its inception in 1998, New Profit has invested over $350 million in 200+ organizations and, through the America Forward Coalition's collective advocacy efforts, has unlocked over $1.9 billion in government funding for social innovation.
Official website here: www.newprofit.org
Who is the CEO of New Profit Inc?
Doug Borchard is the Founder And Co-Ceo of New Profit Inc. The CEO's salary of New Profit Inc is $426,103 and their total compensation is $443,543.
Official website here: www.newprofit.org
What is the revenue of New Profit Inc?
Who are the executives of New Profit Inc and what are their salaries?
The average compensation at New Profit Inc during 2022 was $112,479. There are 88 employees and 21 volunteers at New Profit Inc.
Here are 31 key members and their salaries (New Profit Inc's CEO's salary is $426,103 and their total compensation is $443,543):
- Vanessa Kirsch (Founder And Co-Ceo)
- Tulaine Montgomery (Co-Ceo)
- Deborah Smolover (Managing Partner, Ed Of America Forward)
- Eliza Greenberg (Managing Partner)
- Douglas Borchard (Managing Partner, Chief Operating Officer)
- Derrek Shulman (Managing Partner)
- Ian Magee (Managing Partner, Chief Financial Officer)
- Shruti Sehra (Managing Partner)
- Kevin Greer (Managing Partner)
- Shawn Dove (Managing Partner)
- Jeffrey Walker (Chairman) [Trustee/Director]
- Steve Barnes (Director)
- Josh Bekenstein (Director)
- Kerwin Charles (Director)
- Sam Cobbs (Director)
- Alisa Doctoroff (Director)
- David Gergen (Director)
- Stacy Janiak (Director)
- Steve Jennings (Director)
- Wendy Kopp (Director)
- Matt Levin (Director)
- Henry Mccance (Director)
- Duncan Mcfarland (Director)
- Valerie Mosley (Director)
- Kristin Mugford (Director)
- Mark Nunnelly (Director)
- John Rice (Director)
- Brian Spector (Director)
- Venkat Srinivasan (Director)
- Deborah Quazzo (Director)
- James Pallotta (Director (Until 12/2022))
Official website here: www.newprofit.org
Where can I find the form 990 for New Profit Inc?
The New Profit Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.newprofit.org
Learn more at the official website: www.newprofit.org
Mission Statement of New Profit Inc
New Profit Inc, a leading venture philanthropy organization, is dedicated to backing social entrepreneurs who are championing equity and opportunity in America. By offering unrestricted grants and strategic support, New Profit aims to amplify the impact, scalability, and sustainability of the organizations it invests in.
In its mission to foster social change, New Profit goes beyond financial assistance. It collaborates closely with social entrepreneurs, forming partnerships that extend beyond the traditional grant-making model. By doing so, New Profit not only bolsters the capacity of these organizations but also enables them to thrive in the long term.
Moreover, New Profit actively engages with policymakers, philanthropists, and other key stakeholders to shift the paradigm of how they approach social change. This collective advocacy efforts, spearheaded by the America Forward Coalition, has successfully unlocked over $1.9 billion in government funding for social innovation. Since its inception in 1998, New Profit has made over $350 million worth of investments in more than 200 organizations, making it a powerful catalyst for positive societal transformation.
Impact
This information is meant to be a general summary of New Profit Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
New Profit Inc backs social entrepreneurs who are advancing equity and opportunity in America. They provide unrestricted grants and strategic support to visionary social entrepreneurs, helping them increase their impact, scale, and sustainability. New Profit also partners with cross-sector leaders to influence how government and philanthropy pursue social change, ensuring that all people can thrive. Since its founding in 1998, New Profit has invested over $350M in 200+ organizations and has unlocked over $1.9B in government funding for social innovation. Their work has led to significant advancements in community improvement and has strengthened the capacity of organizations working towards positive social change.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NETWORKING EVENT FEES
Revenue
$160,125
Organization Details
Founding Year
1997
Phone
(617) 912-8800
Principal Officer
Doug Borchard
Main Address
99 BEDFORD STREET 500, BOSTON, MA, 02111
Website
www.newprofit.org
NTEE Category
Code: S50 - Community improvement
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