Board of Directors Greg Avis
Portfolio Organizations and Social Entrepreneurs
Current Investments
Past Investments
Achievement First
BELL
BUILD
Citizen Schools
President Carlin Ventures, Inc.
College Summit
Computers for Youth
George Conrades
Genesys Works
Freelancer’s Union
iMentor
Girls For A Change
Jumpstart
Kids Voting USA
Chairman and CEO Monitor Company Group, L.P.
KickStart
Teach For America
Paul Grogan
KIPP Schools
Upwardly Global
Managing Partner Summit Partners
Josh Bekenstein (Co-Chair) Managing Director Bain Capital
Ed Cohen
Doug McCurry and Dacia Toll
Suzanne McKechnie Klahr
J.B. Schramm
Executive Chairman Akamai Technologies, Inc.
Rafael Alvarez
Paul Edgerley
Mike O’Brien
Managing Director Bain Capital
Mark Fuller (Co-Chair)
President and CEO The Boston Foundation
James J. Jensen
The Jenesis Group
Vanessa Kirsch
President and Founder New Profit Inc.
Dr. Michael Lomax
James Cleveland
Martin Fisher
Richard Barth
Management Leadership for Tomorrow John Rice
LIFT
Kirsten Lodal
New Leaders for New Schools Jon Schnur
President and CEO United Negro College Fund
New Teacher Center
Tristin Mannion
Peer Health Exchange
Bill McClements
Ellen Moir
Louise Davis
chief human resources officer integreon
Project HEALTH
Duncan M. McFarland
Rare
Mark Nunnelly
Rebecca Onie
Brett Jenks
Managing Director Bain Capital
Right To Play
Jim Pallotta
Stand for Children
Elizabeth Riley
Teach For All
Raptor Capital Management
Adjunct Professor Babson College
Laurene Sperling Jeffrey C. Walker
Chairman Millenium Promise
Johann Koss
Jonah Edelman
Wendy Kopp
Year Up
Gerald Chertavian
Tiffany Cooper Gueye
Eric Schwarz
Elisabeth Stock
Sara Horowitz
Whitney Smith
rachel willis
Wendy Kopp
nikki cicerani
Since 1998, New Profit has helped a portfolio of innovative social entrepreneurs build their organizations and scale their social impact. New Profit believes that just as entrepreneurship and invention have driven our nation’s progress, so too can we harness America’s spirit of innovation, vision, and optimism to help solve our most pressing social problems. With the support of individual investors and our signature partner, Monitor Group, New Profit provides multi-year financial and strategic support to social entrepreneurs and their organizations working in education, workforce development, public health, and other areas. We also seek to help build an environment in which all innovative social entrepreneurs and their organizations may realize their full potential for social impact. In 2004, we developed the Action Tank—a group within New Profit that works beyond the bounds of individual organizations to reshape our institutions and more effectively allocate resources for problem solving. The Action Tank’s annual Gathering of Leaders convenes social innovators from across sectors to advance the impact of social entrepreneurship, while the nonpartisan America Forward initiative connects social sector innovators and their partners with policymakers, legislators, and thought leaders. Through these efforts, and in partnership with our network, we aspire to inform policy, improve capital markets for social innovations, and advance a national dialogue about how we can dramatically improve opportunities for individuals, families, and communities.
At a Glance Founded 1998 Cambridge, MA $114 million raised since inception 27 investments made since inception 50+ individual investors currently in the New Profit fund $50.2 million in resources donated by Monitor Group to New Profit since inception 314 monitor group consultants have participated in New Profit projects since inception
overview
1
Table of Contents Portfolio
Portfolio Performance. .................................. 2 Achievement First. ....................................... 5 BUILD. . . . . . . . . . ............................................. 6 College Summit. .......................................... 7 Genesys Works. .......................................... 8 iMentor. . . . . . . . . ............................................ 9 Jumpstart. . . . . . ............................................ 10 KickStart. . . . . . . ............................................ 11 KIPP Schools.. ............................................. 12 LIFT.. . . . . . . . . . . . . ............................................ 13 Management Leadership for Tomorrow. ............ 14 New Leaders for New Schools. ........................ 15 New Teacher Center. .................................... 16 Peer Health Exchange................................... 17 Project HEALTH........................................... 18 Rare. . . . . . . . . . . . . ............................................ 19 Right To Play. . ............................................. 20 Stand for Children. ....................................... 21 Teach For All.. . ............................................ 22 Year Up. . . . . . . . . ............................................ 23 action tank
Gathering of Leaders. ..................................... 24 America Forward. ........................................ 25 Investors, Supporters, and Partners . ..................... 26 Financials.. . . . . . . . . ............................................. 28
table of contents
2
Portfolio Performance New Profit’s portfolio organizations are among the fastest growing and highest-impact nonprofits in the sector. We target a 30 percent compound annual growth rate (CAGR) for revenue and a 40 percent CAGR for lives touched for the overall portfolio. In 2009, performance of the current portfolio exceeded growth targets, realizing a 35 percent CAGR for revenue and a 40 percent CAGR for lives touched.
Portfolio Revenue Growth Compared to Other High-Growth Organizations New Profit has benchmarked the portfolio’s revenue growth (the most comparable and objective available measure of growth) with three other sets of organizations. Our portfolio significantly outperforms the other high-growth groups identified by Fast Company magazine and a Bridgespan study, as well as the average U.S. youth service nonprofit.
All current and past investments from 1999-2008 (growth from year prior to investment through 2008)
36%
All award winners from inception through 2008; New Profit portfolio organizations excluded from sample (growth from 2004-2008)
Fast Company Social Capitalist Award Winners
20%
15 nonprofits from 1999-2007 included in the November 2004 Bridgespan report, “Growth of Youth Serving Organizations”; New Profit portfolio organizations excluded from sample (growth 1999-2008)
Bridgespan Study: High-Growth Youth Service Nonprofits
16%
Data drawn from the National Center for Charitable Statistics (growth from 1998-2008)
Average U.S. Youth Service Nonprofits
2% (revenue between $1M and $100M) 0
5
10
15
20
25
% CAGR for Revenue
2009-10 annual report
New Profit Portfolio
30
35
40
3 revenue growth and lives touched revenue growth: 1999-2009 500
457.7
450 400
35%
350 Millions of Dollars
388.4
revenue ($MM)
300
285.3
current portfolio weighted average cagr through 2009
250
194.4
200 150
117.3
100 50 0
6.6 1999
22.7 2000
43.3
2001
56.3
2002
66.3
2003
77.5
2004
2005
2006
2007
2008
2009
1,600,000 1,500,000 1,359,926 1,209,986
lives touched
1,200,000
40%
Lives Touched
900,000
current portfolio weighted average cagr through 2009
759,909 582,045
600,000 333,512 300,000 142,424 157,041 0
226,537
258,238
2,365 1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
lives touched: 1999-2009 * Current portfolio excludes all past investments. CAGRs represent rates from the year before New Profit’s investment through 2009, and portfolio averages are weighted by the size of New Profit’s cash commitment. New investments (New Teacher Center) and organizations in their first year in the portfolio (iMentor) are not included in current portfolio CAGR calculations. Rare was omitted from the overall portfolio calculation of lives touched due to its disproportionately higher number. Teach For All was omitted from the overall portfolio calculation of lives touched due to its disproportionately rapid growth driven by the organization’s affiliate model; it was also omitted from the revenue calculation because 2008 was Teach For All’s first year of financial activity.
portfolio performance
Photo: Ethan Pines
Photo: Julie Keefe
5
Achievement First Mission
To deliver on the promise of equal educational opportunity for all of America’s children model
Achievement First’s network of K-12 public charter schools focuses on academic achievement and character education, a rigorous curriculum, strategic use of data, and aggressive teacher training and support to drive student gains.
2007 Year of investment
$1,050,000 Total Funding from New Profit through 2009 Fiscal year end: 6/30
$338,963 highlights
58%
3,651
Lives Touched compound annual growth Rate
930
2006
48%
2009
58.3
revenue ($MM) compound annual growth Rate
17.9
2006
2009
Amistad-Elm City High in New Haven, CT, expanded to serve its first class of 12th graders, with 100 percent of its students accepted into college. Achievement First received more than 3,500 applications for 500 open seats in its New York lottery—generating more than seven applicants for every open seat. In fall 2009, Achievement First opened two new schools (one high school and one middle school) in New York City, increasing its total number of schools to 17 and students served to 4,500. Forbes magazine featured Achievement First in its 2010 May cover story, “What Educators are Learning from Money Managers.”
spotlight on support
Achievement First, working with a Monitor Group coach, refined and implemented a new organizational structure that better supports both the anticipated growth of the organization, as well as the long-term evolution of its leadership team. This project builds off of previous work supported by a Monitor case team to hone Achievement First’s organizational structure.
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Dacia Toll Co-CEO & President
Doug McCurry Co-CEO & Superintendent
social entrepreneurs
New Haven, CT headquarters
Education domain
2003 year founded
more online www.newprofit.com/ achievementfirst
Discover the core principles Achievement First combines to foster student success.
portfolio
6
BUILD Mission
To provide real-world entrepreneurial experience that empowers youth from under-resourced communities to excel in education, lead in their communities, and succeed professionally
2008 Year of investment
model
Through an academic elective taught between 9th and 12th grades, BUILD uses entrepreneurship to help low-income youth apply academic skills in real life, propelling them through high school and into college.
$518,000 Total Funding from New Profit through 2009
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Fiscal year end: 6/30
$105,168
highlights
36%
Lives Touched
462
compound annual growth Rate
249
Suzanne McKechnie Klahr CEO & Founder
2007
social entrepreneur
Menlo Park, CA headquarters
Education domain
37%
revenue ($MM)
2009
3.4
compound annual growth Rate
1.8
1999
Each of BUILD’s 68 graduates was accepted to at least one college during the academic year, including acceptances to Brown University, UC Berkeley, UCLA, and the University of Pennsylvania. After a successful pilot year operating in one Washington, DC, charter school, BUILD launched its first program in the DC Public School system. In 2009, the Corporate Executive Board (CEB) recognized BUILD as one of nine innovative organizations that will receive philanthropic support and services from CEB.
year founded
2007
2009
spotlight on support
BUILD, with support from New Profit, launched Local Advisory Boards in Palo Alto, Oakland, and Washington, DC. This process, in addition to further development work with BUILD’s national Board of Directors, will help support the organization’s efforts to scale its reach and impact.
2009-10 annual report
more online www.newprofit.com/build
What prompted Suzanne McKechnie Klahr to found BUILD?
7
College Summit Mission
To increase the college enrollment rate of low-income students nationwide model
College Summit helps seniors in partner high schools plan for college, trains teachers and counselors to build a college-going culture, equips students to mentor their peers, and helps schools track and use results.
2002 Year of investment
$1,430,000 Total Funding from New Profit through 2009 Fiscal year end: 4/30
$1,873,390 highlights
44%
17,500
Lives Touched compound annual growth Rate
946
2001
31%
2009
18.7
revenue ($MM) compound annual growth Rate
2.1
2001
According to a recent independent evaluation, the college enrollment rate of students participating in the College Summit program is 20 percent higher, on average, than the baseline rate of their peers. College Summit completed its Proof Plan in 2009, achieving 40 percent average annual growth in students served and increasing its reach from 3,600 to 17,500 seniors. In 2010, President Obama chose College Summit as one of 10 organizations to receive his Nobel Peace Prize funds, signaling the importance of improving college enrollment nationally and College Summit’s role in this effort.
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
J.B. Schramm Founder & CEO social entrepreneur
Washington, DC headquarters
Education domain
1993 year founded
2009
spotlight on support
College Summit partnered with New Profit and the Nonprofit Finance Fund to organize and synthesize all elements of a $45 million growth capital campaign, including the program, finances, and risks of the campaign. This collaborative work also helped College Summit better communicate to potential growth capital funders and bolster its campaign.
more online www.newprofit.com/Collegesummit
What is College Summit’s recipe for success for improving college enrollment rates at low-income high schools?
portfolio
8
Genesys Works Mission
To enable urban high school students to enter and thrive in the economic mainstream by providing them the knowledge and work experience required to succeed as professionals model
Genesys Works selects urban high school seniors to participate in a 14-month program that provides job training, internships with one of the organization’s corporate partners, and weekly evening workshops that emphasize job performance, college application guidance, and scholarship assistance.
NEW INVESTMENT
Rafael Alvarez Founder & CEO social entrepreneur
Houston, TX headquarters
Youth Development domain
2002 year founded
*Fiscal year end: 12/31; CAGRs are not calculated for organizations in their first year in the portfolio (2009-2010 investments).
2010
highlights 312
Lives Touched*
2009
3.1
revenue ($MM)*
For the last four years, more than 95 percent of program graduates have enrolled in and attended college, and 75 percent are either still enrolled in college or have completed their degrees. Genesys Works’s corporate model has attracted more than 50 major corporations, 94 percent of which stay engaged for multiple years. In 2008, Genesys Works opened its first expansion site in St. Paul, Minnesota. In 2010, Genesys Works opened its Chicago office and completed a feasibility study for New York City. President Obama commended Genesys Works for being a “creative, results-oriented program” during the launch of the White House Office of Social Innovation.
2009
spotlight on support
Genesys Works, with strategic support from New Profit, is strengthening and building out its organizational capacity. This effort includes working to build a highly engaged National Board and a talented headquarters team that will spearhead an agenda of controlled growth and increased impact. New Profit also plans to engage with Genesys Works to create a multi-year strategic growth plan and attract increased philanthropic support.
2009-10 annual report
more online www.newprofit.com/genesysworks
Learn about Genesys Works' plans for expansion by 2012.
9
iMentor Mission
To improve the lives of high school students from underserved communities through innovative, technology-enabled mentoring 2009
model
iMentor provides both a direct service, high school-based mentoring program focusing on mentees’ academic success and a fee-for-service, web-based mentoring platform with the goal of improving mentoring programs in schools and youth organizations.
Year of investment
$350,000 •Fiscal year end: 6/30; CAGRs were not calculated for organizations in their first year in the portfolio (2009-2010 investments).
Total Funding from New Profit through 2009
highlights
Lives Touched*
4,063
738
2008
2009
5.1
revenue ($MM)*
More than 50 organizations are serving more than 6,000 mentor/mentee pairs using the online mentoring platform, iMentor Interactive. iMentor celebrated its 10th anniversary with a gala in New York City in early June 2010. With more than 700 attendees, the event raised $4 million.
3.4
2008
In 2009, 92 percent of students in iMentor’s NYC mentoring program graduated from high school, compared to NYC’s average graduation rate of 61 percent. Eighty-two percent enrolled in college, compared to the national average of 33 percent.
Mike O’Brien CEO social entrepreneur
New York, NY headquarters
Education domain
1999 year founded
2009
spotlight on support
iMentor is working with New Profit to hone its long-term vision and strategy for achieving impact for its New York mentoring program and iMentor Interactive. New Profit is helping the iMentor leadership team think through some of the strategic and programmatic choices involved in refining its impact to align with iMentor’s ultimate vision of success.
more online www.newprofit.com/imentor
iMentor helped Laurie and Marie—an unlikely pair—form a relationship that changed both their lives.
portfolio
10
Jumpstart Mission
To realize the day every child in America enters school prepared to succeed
2000-2006 term of Original investment
model
2008
Jumpstart builds literacy and language skills in young children by matching motivated college students and community volunteers with preschool children in caring and supportive relationships for an entire school year.
Year of Reinvestment
$1,733,600 Total Funding from New Profit through 2009
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
James Cleveland President social entrepreneur
Boston, MA headquarters
Education domain
1993 year founded
Fiscal year end: 8/31; CAGRs are calculated from 2008, the date of New Profit’s reinvestment in Jumpstart.
$2,331,950
8% Lives Touched compound annual growth Rate*
highlights 14,000
12,000
4%
2007
2009
revenue ($MM) compound annual growth Rate*
15
16.2
In 2009, Jumpstart preschoolers made 29 percent average gains in school readiness skills, four percentage points higher than their peers who did not participate in the Jumpstart program. In 2010, Jumpstart engaged nearly 3,500 caring adults to provide more than 6,000 low-income preschoolers with key language and literacy skills to better prepare them for school and to help close the achievement gap before it begins. In 2009, Jumpstart’s national event, Read for the Record, reached 1.6 million children, increasing public awareness of the crisis in early literacy. The event was featured on the TODAY show.
2007
2009
spotlight on support
Jumpstart, working with a Monitor Group case team, engaged in strategy work to broaden its presence in several high-profile communities by building strong collaborations among local organizations in the pre-kindergarten learning space. This streamlined model will scale Jumpstart’s impact and provide case studies of what can happen when entire communities invest in early childhood education and address the achievement gap at an early stage.
2009-10 annual report
more online www.newprofit.com/jumpstart
Children who lack proficiency in reading and writing by third grade are at a significantly higher risk of failing or dropping out of school— Jumpstart is changing this.
11
KickStart Mission
To help millions of people out of poverty by developing and marketing affordable, durable, and easy-to-use technologies 2005
model
KickStart develops and markets tools like manual irrigation pumps to African farmers who use the tools to establish small enterprises and generate wealth.
Year of investment
$500,000 Total Funding from New Profit through 2009 Fiscal year end: 6/30
$665,969 highlights 80,669
25%
Lives Touched compound annual growth Rate
26,053
2004
2009
6.4
20%
revenue ($MM) compound annual growth Rate
2.6
Based on the number of pumps sold during 2009, KickStart estimates it moved nearly 81,000 people out of poverty. KickStart operates retail sales in Kenya, Tanzania, Mali, and Burkina Faso, and is working to find more efficient ways to distribute products. Through sales to NGOs and governments, KickStart’s pumps are distributed in 23 countries. KickStart was sought as an expert on food security and poverty issues in Africa for a number of international panels, including a USAID forum and the World Economic Council.
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Martin Fisher Founder & CEO social entrepreneur
San Francisco, CA headquarters
Economic Development domain
1991 year founded
2004
2009
spotlight on support
KickStart, supported by a Monitor Group case team, completed a strategy project to determine the best organizational structure and associated decision-making practices to support its growth. As a result, KickStart has initiated searches for several key members of a new leadership team including a Managing Director/Chief Operations Officer in Africa, and a VP of Development & External Relations in San Francisco.
more online www.newprofit.com/mfisher
Meet Founder and CEO Martin Fisher and discover how and why he developed KickStart.
portfolio
12
KIPP Schools Mission
To create a national network of public schools that helps students from underserved communities develop the knowledge, skills, and character needed to succeed in college and the competitive world beyond
2006 Year of investment
model
Through more time in school, a rigorous college-preparatory curriculum, and a strong culture of achievement and support, KIPP students make significant academic gains and continue to excel in high school and college.
$1,008,000 Total Funding from New Profit through 2009
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Fiscal year end: 6/30
$1,480,421
highlights
30%
17,484
Lives Touched compound annual growth Rate
6,122
Richard Barth CEO
2005
social entrepreneur
San Francisco, CA headquarters
Education domain
16%
revenue ($MM)
2009
26.1
compound annual growth Rate
14.6
1994 year founded
2005
Through 2009, 85 percent of KIPP students who completed eighth grade at KIPP matriculated to college, compared to 33 percent of low-income students nationally. KIPP opened 18 schools in 2009-10, increasing the KIPP network to 82 schools. Progressing toward its goal to evolve into a K-12 system, 13 of the 18 new schools were elementary or high schools. A 2010 Mathematica Policy Research report found that KIPP schools typically have a statistically significant impact on student achievement, and that these academic gains are large enough to substantially reduce race- and incomebased achievement gaps.
2009
spotlight on support
KIPP, with support from a Monitor Group case team and New Profit, developed strategic imperatives to help drive the organization and set priorities for the network of 82 schools and the national organization over the next five years. This process included interviewing school leaders, regional leaders, and board members, as well as staff from the KIPP Foundation, to understand the perspectives of different stakeholders.
2009-10 annual report
more online www.newprofit.com/kippschools
KIPP leverages the efforts of students, parents, teachers, and school leaders to create a schoolwide culture of achievement.
13
LIFT Mission
To combat poverty and expand opportunity for all people in the United States model
LIFT volunteers work with low-income community members to help them find jobs, secure safe and stable housing, access public benefits, and obtain quality referrals for services like childcare and healthcare.
2007 Year of investment
$925,000 Total Funding from New Profit through 2009 Fiscal year end: 6/30
$768,500
7% Lives Touched compound annual growth Rate
highlights 6,259
5,111
2006
2009
4% revenue ($MM) compound annual growth Rate
1.7
1.5
LIFT increased the number of clients served in five core metro areas from 3,700 to nearly 5,200 over the past year, and the number of meetings per client rose 16 percent. Focusing on its core geographies, LIFT opened additional site locations in Chicago and Washington, DC, and increased the number of public benefits applications submitted by 200 percent in New York and 106 percent in DC. Kirsten Lodal was recognized as a Scholar at the Aspen Institute’s Ideas Festival in 2009.
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Kirsten Lodal CEO & Co-Founder social entrepreneur
Washington, DC headquarters
Economic Development domain
1998 year founded
2006
2009
spotlight on support
With the help of New Profit and Monitor Group consultants, LIFT built its five-year operating and revenue plan, coupled with a new organizational structure. The plan focuses on growing LIFT’s presence and deepening its impact in Chicago, Boston, New York, Philadelphia, and Washington, DC.
more online www.newprofit.com/lift
LIFT volunteers helped Maria avoid homelessness and transform her life.
portfolio
14
Management Leadership for Tomorrow Mission
To fundamentally change the face of leadership in America by preparing high-potential minorities for senior leadership in corporations, nonprofit organizations, and entrepreneurial ventures
2006 Year of investment
model
In partnership with leading corporate, nonprofit, foundation, and MBA partners, MLT provides the skills, coaching, personalized career mapping, and relationships needed to help high-potential minorities succeed on the fast-track to executive leadership.
$800,000 Total Funding from New Profit through 2009
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Fiscal year end: 12/31
$1,004,162
highlights
21%
393
MLT continues to be the number one source of minority students for the nation’s top business schools (nearly 40 percent of minority MBA students at Harvard, Kellogg, and Wharton are MLT alumni) and for top corporations, including Google and Goldman Sachs.
2009
MLT launched its Career Advancement Program (CAP), which provides coaching to high-potential, mid-career professionals to help them advance to senior leadership positions.
Lives Touched compound annual growth Rate
183
John Rice Founder & CEO
2005
social entrepreneur
New York, NY
40%
4.6
headquarters
revenue ($MM)
Workforce Development
compound annual growth Rate
domain
MLT was featured on CNN’s Black in America 2: Tomorrow’s Leaders, the number one cable news documentary of 2009, resulting in a record number of program applicants.
1.2
1994 year founded
2005
2009
spotlight on support
MLT, with support from New Profit, developed and successfully launched MLT’s first social entrepreneurship boot camp for MBA Prep Fellows in 2009. Roughly 88 percent of Fellows applied to attend the summer boot camp, signifying an increasing interest in the field of social entrepreneurship. These Fellows gained skills to enable them to join organizations in the social sector, including consulting firms, direct service organizations, foundations, and government agencies.
2009-10 annual report
more online www.newprofit.com/managementleadership
MLT offers four target programs to help minorities prepare for and succeed in their careers.
15
New Leaders for New Schools Mission
To ensure high academic achievement for every student by attracting and preparing outstanding leaders and supporting the performance of the urban public schools they lead
2001 Year of investment
model
New Leaders for New Schools recruits and trains individuals to become urban school principals who then assume principalship positions during which they and their schools receive ongoing coaching.
$1,665,000 Total Funding from New Profit through 2009
Fiscal year end: 6/30; New Leaders principals served the first students in 2002 after an initial program development period.
$2,344,210 highlights 198,000
60%
Lives Touched compound annual growth Rate*
7,500
2002
2009
40.1
42%
New Leaders for New Schools placed principals in an additional 52 schools in the 2009-2010 academic year, bringing its total schools served to 311. The Ash Institute for Democratic Governance and Innovation selected New Leaders for New Schools, in partnership with the Chicago Public School District, as a 2009 “Innovations in American Government� winner.
revenue ($MM) compound annual growth Rate
1.7
2000
For three consecutive years, the RAND Corporation has found that students in elementary and middle schools with a New Leaders for New Schools principal in place for three or more years have significantly greater academic achievement gains than comparable district schools.
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Jon Schnur CEO & Co-Founder social entrepreneur
New York, NY headquarters
Education domain
2000 year founded
2009
spotlight on support
With support from New Profit, New Leaders for New Schools developed the Proof Point Project, a pilot initiative in partnership with the Aspen Institute and a network of education reform leaders and organizations, to focus on policy and implementation challenges of advancing effective education reform at scale. The specific goals are to improve academic achievement for low-income students by translating evidence of successful reforms at the school and program levels into effective strategies and practices in states and school systems across the country.
more online www.newprofit.com/newleaders
New Leaders is leveraging leadership development for principals to meet ambitious targets for student achievement in 2014.
portfolio
16
New Teacher Center Mission
To improve student learning by accelerating the effectiveness of teachers and school leaders model
New Teacher Center (NTC) partners with school districts to implement new teacher induction programs that match new teachers with carefully selected veteran teacher mentors who help provide ongoing professional training. NEW INVESTMENT
Ellen Moir CEO & Founder social entrepreneur
Santa Cruz, CA headquarters
Education domain
1998 year founded
*Fiscal year end: 6/30 CAGRs are not calculated for organizations in their first year in the portfolio (2009-2010 investments)
2010
highlights 26,818
Lives Touched*
2009
17.7
revenue ($MM)*
A Mathematica Policy Research study, which included NTC, found that comprehensive teacher induction led to a sizeable and statistically significant impact on student achievement in mathematics and reading. NTC is delivering induction programs and/or induction policy consultation in 36 states and the District of Columbia. NTC’s online mentoring program, eMSS, delivers mentoring services to new teachers in all 50 states. In April, Ellen Moir was invited to testify in front of the Senate’s Health, Education, Labor and Pensions Committee regarding the re-authorization of the Elementary and Secondary Education Act.
2009
spotlight on support
New Teacher Center, with support from New Profit, is in the midst of an organizational transformation designed to focus its talent and resources on using a comprehensive, fullyintegrated teacher induction model to drive student achievement in school systems across America. Through this transformation, NTC will also work to hone and scale its two core delivery models and invest in better testing and evaluation strategies.
2009-10 annual report
more online www.newprofit.com/newteachercenter
First-year teacher Taiesha WoodsonDurham’s relationship with a New Teacher Center mentor helped her overcome the seemingly insurmountable task of improving student reading proficiency levels.
17
Peer Health Exchange Mission
To give teenagers the knowledge and skills they need to make healthy decisions model
Peer Health Exchange trains college students to teach a comprehensive health curriculum made up of 12 standardized health workshops with topics ranging from sexual health to nutrition.
2005 Year of investment
$800,000 Total Funding from New Profit through 2009 Fiscal year end: 6/30; *PHE launched in New York City in 2004 and completed its first year of high school workshops in 2005.
$27,000 highlights 8,000
100%
Lives Touched compound annual growth Rate*
500
2005
2009
2.0
61%
Peer Health Exchange recruited volunteers at University of Southern California and UCLA, and raised capital to launch a new site in Los Angeles in fall 2010. Peer Health Exchange was asked to be one of 10 service organizations featured in Mayor Michael Bloomberg’s announcement of New York City Service, a new initiative to support civic engagement in the city.
revenue ($MM) compound annual growth Rate
0.2
2004
In 2009, nearly 90 percent of students in Peer Health Exchange workshops said they will use knowledge they learned from the workshops to make a healthy decision, while 57 percent said they had already used information gained from the workshops.
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Louise Davis Co-Founder & Executive Director social entrepreneur
San Francisco, CA headquarters
Public Health domain
2003 year founded
2009
spotlight on support
Peer Health Exchange, with help from New Profit, is working to understand, develop, and innovate upon its model. This process includes hiring a Director of Program Development, creating a Board Program Committee, and engaging a third-party evaluator to support an innovation agenda within the organization. Through this work, Peer Health Exchange hopes to deepen the impact of its model. Peer Health Exchange also piloted four new program elements over the past year, two of which will be rolled out across the network during the 2010 school year.
more online www.newprofit.com/peerhealthexchange
Peer Health Exchange effectively uses college volunteers to teach health education, positively impacting lives of high school students.
portfolio
18
Project HEALTH Mission
To create a health care system that addresses social determinants of health as a standard part of patient care 2007
model
Year of investment
Project HEALTH’s clinic-based Family Help Desks, staffed by student volunteers, expand doctors’ capacity to connect patients with food, housing, and other benefits they need to be healthy.
$908,000 Total Funding from New Profit through 2009
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Rebecca Onie Founder & CEO social entrepreneur
Boston, MA headquarters
Public Health domain
Fiscal year end: 8/31; FY09 revenues and lives touched reflect data collected from a 14-month period due to a change in fiscal year from June 30 to August 31.
$823,989
highlights
28%
4,841
Lives Touched compound annual growth Rate*
2,239
2006
38%
2009
4.1
revenue ($MM) compound annual growth Rate*
2
1996 year founded
2006
2009
During 2009, Project HEALTH’s 560 volunteers assisted nearly 5,000 low-income patients and their families in accessing the food, housing, education, and employment resources they need to be healthy. Over the next four years, Project HEALTH will launch nine new Family Help Desks and engage more than 1,400 volunteers annually to create a total of nearly 25,000 resource connections. First Lady Michelle Obama featured Project HEALTH in her address at TIME's celebration of the 100 World’s Most Influential People. Rebecca Onie also received the MacArthur “Genius” Fellow Award and the John F. Kennedy New Frontier Award.
spotlight on support
Project HEALTH, with support from Monitor Group, Bain Capital, and the Nonprofit Finance Fund, created a four-year strategic plan, associated growth capital campaign, and earned revenue strategy. Early market signals indicate that hospitals are willing to pay for Project HEALTH’s services—an important validation of the market value of these services to the health care system. Currently, Project HEALTH has earned income partnerships with Hasbro Children’s Hospital in Providence, RI, Johns Hopkins Medical Center in Baltimore, MD, and several other health care institutions.
2009-10 annual report
more online www.newprofit.com/phimpact
Take a closer look at how the Project HEALTH model is improving health outcomes for families in poverty.
19
Rare Mission
To conserve imperiled species and ecosystems around the world by inspiring people to care about and protect nature 2006
model
Rare trains local leaders to implement two-year social marketing initiatives called Pride campaigns, which mobilize communities to preserve their valuable and unique natural heritage.
Year of investment
$1,075,000 Total Funding from New Profit through 2009
Fiscal year end: 9/30; *Rare began estimating annual lives touched in 2006.
$312,528
9%
highlights
Lives Touched compound annual growth Rate*
3,591,000
2,800,000
2006
2009 12.8
24%
revenue ($MM) compound annual growth Rate
5.4
2005
In 2009, Rare supported 63 international Pride campaigns—reaching 882 communities. Forty-six percent of target communities adopted more conservationfriendly behaviors. In 2010, Rare will train 40 local conservationists to run Pride campaigns reaching approximately 3.2 million people worldwide. In 2010, collaborating with the World Wildlife Fund, The Nature Conservancy, and others, Rare launched Pride campaigns at 22 sites across the Coral Triangle, promoting sustainable fisheries and impacting more than 4.5 million hectares of ocean and approximately 700,000 people.
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Brett Jenks President & CEO social entrepreneur
Arlington, VA headquarters
Environment domain
1973 year founded
2009
spotlight on support
Rare, assisted by a Monitor Group case team, implemented a new program model that will boost the efficiency of its Pride campaigns and enable more rapid growth. This model involves the simultaneous launch of 12 campaigns focused on a single conservation issue in each of Rare’s four geographic regions. These thematic cohorts share the same geography, threat, and intervention strategy. This model is expected to enable more dramatic and sustainable growth, lower costs per campaign, and improve program quality.
more online www.newprofit.com/rarepride
Journey to Kenya and explore the context, method, and impact of a Rare Pride campaign.
portfolio
20
Right To Play Mission
To improve the lives of children in some of the most disadvantaged areas of the world by using the power of sport and play for development, health, and peace 2005
model
Year of investment
Working in both the humanitarian and development contexts, Right To Play trains local community leaders as coaches to deliver its programs in Africa, Asia, the Middle East, and South America.
$805,000 Total Funding from New Profit through 2009
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Fiscal year end: 12/31
$1,461,750
highlights 700,000
36%
Lives Touched compound annual growth Rate
150,000
Johann Koss President & CEO
2004
social entrepreneur
Toronto, Canada headquarters
Youth Development
2004 22.6
27%
compound annual growth Rate
2000
6.7
year founded
2004
In 2009, Right To Play reached 700,000 children through weekly sport and play activities and programming. At the 2010 Olympic Winter Games in Vancouver, B.C., more than 100 Olympians, including Right To Play “Athlete Ambassadors� from 12 countries, participated with visitors in Right To Play games, signed autographs, and contributed to fundraising efforts.
revenue ($MM)
domain
Nearly 78 percent of leaders in Makeni and Freetown, Sierra Leone, said that Right To Play activities decreased negative behaviors among children participating in the programs. In Benin, 89 percent of leaders said Right To Play programs contribute to the community.
2009
spotlight on support
Right To Play, with support from New Profit, increased its U.S. and international fundraising capacity. Key elements of this process included the development of the U.S. Board of Directors, a reorganization of U.S. fundraising efforts, and the definition of roles between headquarters and six country-based fundraising offices.
2009-10 annual report
more online www.newprofit.com/ righttoplay
Right To Play uses sport and play to improve outcomes in four development areas.
21
Stand for Children Mission
To develop leaders who use the power of grassroots action to help all children get the excellent public education and strong support they need to thrive 2008
model
Stand for Children builds local chapters of concerned citizens, providing them with training and coaching in leadership and policy advocacy to improve public education at the local and state levels.
Year of investment
$875,500 Total Funding from New Profit through 2009
20%
Lives Touched
4,543
compound annual growth Rate
3,150
2007
34%
2009 4.8
revenue ($MM) compound annual growth Rate
2.7
2007
In late 2009 and 2010, Stand helped win game-changing education reform victories that tie teacher evaluations to student performance, raise caps on charter schools, and hold school systems accountable for student success in Tennessee, Massachusetts, Arizona, and Colorado. In 2009, Stand expanded its reach into Arizona and Colorado and increased the number of students impacted by its 4,543 members from 1.1 million in 2008 to nearly 1.7 million. The Accio Education Fund selected Stand from a pool of more than 120 applicants to receive a multi-year grant to facilitate Stand’s entry into Arizona and advance education reform efforts in the state.
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Jonah Edelman Founder & CEO social entrepreneur
Portland, OR headquarters
Education domain
1999 year founded
2009
spotlight on support
Stand for Children, with support from New Profit, created a competency model for the State Executive Director position. A series of interviews and group sessions uncovered the key characteristics, behaviors, and values necessary for an individual to successfully fulfill the role. This work has assisted in the development of four additional competency models, all of which are critical to Stand’s efforts to recruit, select, on-board, and develop new talent needed for growth.
more online www.newprofit.com/ standforchildren
Learn about Stand for Children’s plans for expansion by 2012. Photo: Julie Keefe
Fiscal year end: 12/31
$204,810 highlights
portfolio
22
Teach For All Mission
To expand educational opportunity internationally by increasing and accelerating the impact of the independent social enterprises in the global network 2008
model
Year of investment
Teach For All supports independent social entrepreneurs by providing them with technical assistance and resources to strengthen programs and organizations, and a high-impact network of teaching participants and alumni.
$1,000,000
Wendy Kopp Chief Executive Officer & Co-Founder social entrepreneur
New York, NY headquarters
Education domain
2007 year founded
Fiscal year end: 9/30; *A revenue CAGR was not calculated because Teach For All’s first year of financial activity occurred in 2008.
Total Funding from New Profit through 2009
18,241
643%
Lives Touched compound annual growth Rate*
330
2007
2009
7.2
revenue ($MM) compound annual growth Rate*
N/A
2007
2009
highlights
The network supports 11 new partners in Argentina, Australia, Chile, China, Estonia, Germany, India, Israel, Latvia, Lebanon, and Peru, which will collectively reach more than 37,000 students in 2010. Including founding partners, Teach For America and Teach First, the network will impact approximately 700,000 students in 2010. Teach For All is formalizing partnerships with emerging programs in Brazil, Bulgaria, Malaysia, Pakistan, and Spain, while fielding interest from entrepreneurs worldwide and growing to approximately 50 countries by 2014. In 2010, Teach For All secured more than $7 million in support, including recognition as Deutsche Post DHL’s premier education initiative.
spotlight on support
Teach For All, with help from a Monitor Group case team, is examining its organizational structure to determine the most appropriate and effective model for each in-country program. After realizing the substantial challenges of scaling a U.S.-based program model to a host of international countries, Teach For All and Monitor are working to develop a cohesive oversight and support structure, through which Teach For All can provide affiliates with the necessary support from the central organization.
2009-10 annual report
more online www.newprofit.com/teachforall
Explore how Teach For All is helping global education entrepreneurs adapt and implement the successful Teach For America and Teach First models.
23
Year Up Mission
To close the opportunity divide by providing urban young adults with the skills, experience, and support they need to reach their potential through professional careers and higher education
2005 Year of investment
model
Year Up provides disconnected 18 to 24 year olds with six months of professional skills and technical training, followed by a six-month paid apprenticeship at a leading company.
$1,660,000 Total Funding from New Profit through 2009
Fiscal year end: 12/31
$1,149,503 796
46%
Within four months of graduation, 74 percent of 2009 Year Up graduates were employed at jobs earning an average of $14.71 per hour.
Lives Touched compound annual growth Rate
120
2004
2009 24.4
47%
revenue ($MM) compound annual growth Rate
3.5
2004
highlights
2009
Year Up launched in Atlanta, GA, in the spring of 2009. In fall 2010, Year Up will be opening a Chicago site and will launch a satellite site in Baltimore, piloting a college program in partnership with the Community College of Baltimore County.
Value of Total Consulting Resources from New Profit (Monitor or other) through 2009
Gerald Chertavian Founder & CEO social entrepreneur
In June 2009, President Obama visited Year Up’s national capital region site as he celebrated responsible fathers.
Boston, MA
2010 marks the 10th Anniversary of Year Up. It has grown from 22 students in 2001 to serving more than 1,000 young adults in 2010.
2000
spotlight on support
Year Up engaged in strategy work with support from New Profit and a Monitor Group case team to examine program scalability and explore measures to deepen its program impact in each city. This strategy also focuses on influencing national policy to support programs providing workforce development services to disconnected youth.
headquarters
Workforce Development domain
year founded
more online www.newprofit.com/yearup
Learn how Year Up is closing the opportunity divide for 18-24 year olds.
portfolio
24
Action Tank
The Action Tank emerged from New Profit's desire to help social entrepreneurs realize significantly greater impact on the tough, systemic problems they aspire to solve. We believe that the impact any single organization can have on education, workforce development, public health, or poverty—while real and meaningful—is limited, and will never be enough to fix our broken systems and truly transform our society. For this reason, in 2004 we began to develop the idea for an "Action Tank"—a group within New Profit that works beyond the bounds of
individual organizations to reshape our institutions and more effectively allocate resources for problem solving. We believe that all sectors have an important role to play in transforming our approach to the challenges we face, and improving opportunities for individuals, families, and communities. Through a range of strategies, the Action Tank aspires to bridge the sectors, bringing the transformative power of social innovation to bear on our most persistent challenges.
Gathering of Leaders The Gathering of Leaders convenes innovators from the public, private, philanthropic, and nonprofit sectors to spark the development of new ideas, relationships, and resources that can help build stronger organizations, overcome barriers to scale, and dramatically improve opportunities for children, families and communities. The Gathering has created an enduring platform to advance the impact of social entrepreneurship. Through our convening strategy, we aspire to develop initiatives to transform public problem solving, create innovative market-based solutions to pressing social problems, and ultimately release our collective potential to drive change.
2009-10 annual report
Featured Outcomes 2005-2010
Advancing a Social Innovation Agenda The America Forward initiative emerged from Gathering discussions, and has, with the support of the Gathering community, achieved its first milestones garnering bi-partisan legislation that advances a social innovation agenda. $100 Million in New Funding The Gathering has helped to generate more than $100 million in new support for social entrepreneurs and social innovation and spurred capital markets research in the sector. Human Capital Development The Gathering has helped spark the development of search firms specializing in high-growth entrepreneurial nonprofits and has exposed participants to human capital development strategies and resources across organizations and sectors.
25
America Forward Launched in 2007, America Forward is a non-partisan initiative that brings together policymakers and leaders from across sectors to unite public and private resources with the impact of social innovations. Advanced by a coalition of more than 90 innovative organizations and their partners, the initiative seeks to build a platform for innovators and government to promote innovation, competition, accountability, and impact in the way we solve social problems. In 2009, America Forward focused on the implementation of its policy agenda. Marked by the adoption of social innovation policy by leading policymakers from both sides of the political aisle and the passage of the Edward M. Kennedy Serve America Act, America Forward achieved its three initial goals. The Social Innovation Fund
Scaling National Service
With unprecedented bi-partisan support, the President signed the Edward M. Kennedy Serve America Act, establishing the Social Innovation Fund. The fund, a new privatepublic investment vehicle, will demonstrate an innovative approach to social problem solving in which the Federal government serves as a catalyst of innovation in the social sector by leveraging the capabilities and resources of philanthropy to identify, invest in, scale, and measure the effectiveness of social innovations. In FY 2010, the Social Innovation Fund will award $50 million in Federal funding, which will be leveraged 3:1 by private philanthropy, generating a total public-private investment of nearly $200 million.
The Edward M. Kennedy Serve America Act marked a momentous advancement for the national service community by scaling service opportunities by more than three-fold, increasing AmeriCorps grants, establishing Corps to focus on education, the environment, and other critical areas, and instituting new programs and initiatives across the country.
The White House Office of Social Innovation and Civic Participation
Established by the Obama Administration, the White House Office of Social Innovation and Civic Participation works to catalyze and coordinate efforts throughout Federal government and across sectors to incorporate the principles of innovation, accountability, and results into how we address our country’s greatest social problems.
Action Tank
26
Investors Our investors are passionate about creating the highest possible social impact with their philanthropy. We are immeasurably grateful for their contributions to our work. Anonymous Carol and Howard Anderson Avis Family Foundation Melora and Andrew Balson Bain Capital
Steve and Deb Barnes
The Feinberg Law Group, LLC
Domenic and Molly Ferrante Brookside Capital, LLC
Mark Fuller and Jo Froman Monitor Company Group, L.P.
Bain Capital
Goodwin Procter Community Fund *
Josh and Anita Bekenstein
Sue and Mike Hazard
Bain Capital
David and Jocelyn Belluck
The Jenesis Group
Scott Nathan and Laura DeBonis Mark Nunnelly and Denise DuprĂŠ Bain Capital
Steve and Judy Pagliuca Bain Capital
Mr. & Mrs. James J. Pallotta The Pershing Square Foundation Geoffrey and Laura Rehnert Audax Group
Maurice and Luly Samuels
Riverside Partners
Leslie Sennott and Bill Johnston
Kathy Bendheim
Jr. Bain Capital Community Fund *
Elizabeth G. Riley and Daniel E. Smith
Professor Robert S. Kaplan and Ellen L. Kaplan
The Samberg Family Foundation
Tom Bendheim Leon Lowenstein Foundation, Inc.
Bromley Charitable Trust Kevin and Julie Callaghan
Harvard Business School
Kathleen Kelley
Convexity Capital Management
Ruchir Sehra and Karen Underwood Jeffrey Shames
Berkshire Partners
Florence Koplow
MIT Sloan School of Management
Randi and Larry Cohen Family Foundation
Lawrence and Michelle Lasser
Brian and Stephanie Spector
George and Patsy Conrades
Jonathan and Jeannie Lavine Bain Capital/Sankaty Advisors
Sperling Family Charitable Foundation
Seth and Cindy Lawry
Peter and Laurie Thomsen
Matthew and RenĂŠe Levin
Lizzie and Jonathan M. Tisch
Akamai Technologies, Inc.
Doran Family Charitable Trust Nancy C. and Dale Dougherty Foundation Paul and Sandy Edgerley
Bain Capital
Lovett-Woodsum Foundation
Bain Capital
Mannion Family Foundation
Michael and Barbara Eisenson
Douglas and Audrey Miller
Charlesbank Capital Partners
Bruce and Bridgitt Evans Summit Partners
2009-10 annual report
David H. Feinberg
International Private Equity Limited
Stephen and Kristin Mugford
Tower Family Fund Jeffrey C. and Suzanne C. Walker Mr. and Mrs. D. Brooks Zug HarbourVest Partners, LLC
27
Supporters Each year both individuals and foundations inspired by New Profit’s work make financial contributions to our fund. We are honored by these contributions, and deeply appreciative of their support. * Goodwin Procter Community Fund Mark Bettencort and Kristen Shea
Anonymous
Adam W. Greenberg
Mark and Liz Burnett
American Express
Tucker and Vicky Levy
Martin Carmichael and Lisa Gruenberg
Jill and Ned Bicks
Roger Clinton Mader
Ben Binswanger
Bill Miracky and Tammy Hobbs Miracky
William Boesch
Bansi Nagji
Carleon Capital Partners
Thomas Nagle
Katherine Carlone
Max Nibert
Mike Kendall and Alida Coo-Kendall
Clayton Christenson
Rosen Family Fund
John LeClaire and Ruth Hodges
Dorot Foundation
Robert J. Samuelson
Mark and Lisel Macenka
Howard P. Colhoun Family Fund
Julie Sherman and Ben Seigal
William Mayer
Carolyn and Philip Cunningham
Gary Syman
Dancing Tides Foundation
Jane and Hooker Talcott
Matt R. Fates and Katherine Schlesinger Fates
Mieka and David Wick
Stephen Charkoudian and Evelyn Talmo R. Todd and Lisa Cronan Howard and Ivy Cubell John Egan and Maura Connolly Richard Floor
Gilbert Menna Regina Pisa William and Roberta Schnoor
Peter and Karen Giorgio * Jr. Bain Capital Community Fund Matthew Armstrong Philip Dreyfuss Kevin Hettrich Amitabh Jhawar Eric Kinariwala Alessandro G. Lazzarini Christopher Lyle Joshua Lynn Altaf Mackeen Vera Makarov Nicholas Marchitto Adam Nebesar Vijay Jun Patel
Howard and Candice Wolk
Colin Gounden and Alyson Gounden Rock
Partners New Profit benefits from valuable partnerships with companies and foundations that share our commitment to helping social entrepreneurs and their organizations realize their full potential for social impact.
Monitor Group Signature Partner
John S. and James L. Knight Foundation
Goodwin Procter Legal Counsel
Dorot Foundation
Stephen Roszak Phillip Ryder Nathan Sanders Peter Spring Dave Stein Aaron Yuan
Investors, supporters, and partners
28
Financials
2009 Highlights
Other Highlight since 1998
$21,268,136 Total new cash commitments to New Profit
$114,007,931 Total cash commitments
11.9% Administrative expenses as percentage of total expenses
$50,219,346 Value of cumulative
to New Profit
Monitor Group pro-bono contributions
314 Number of Monitor Group consultants who have participated in New Profit projects
7% Foundations 32% Grantmaking
67% Individuals
13% Portfolio Management 16% Monitor Group Services
10% Pre-Paid Capital From 2009
16% Monitor Group Services
14% Field Building
13% Cash Reserve
12% Administrative/ Fundraising
Sources of Revenue
Expenses
$2,500,393 Monitor Group Services
$2,500,393 Monitor Group Services
$1,150,400 Foundations
$5,000,500 Grantmaking
$10,401,008 Individuals
$2,062,222 Portfolio Management
$1,581,037 Pre-Paid Capital from 2009
$2,207,978 Field Building
$15,632,838 TOTAL
$1,861,745 Administrative/Fundraising
philanthropic giving
$2,000,000 Cash Reserve $15,632,838 TOTAL
2009-10 annual report
New Profit inc. Jennifer Anderson Jeff Berndt
Director of Communications
Managing Partner, Chief Development Officer
Doug Borchard
managing Partner, Chief Operating Officer
Danielle Boudreau Addie Chamberlain Kelly Cognac
Molly Day
Chief of Staff
Events Associate
Portfolio Analyst
Sarah Di Troia Kevin Greer Lisa Guy
Special Projects Manager
Executive Assistant
Laura Coleman Gena Davis
Director of Investor Relations
Managing Partner
Project Manager, Portfolio Learning
talent coordinator
Chris Herron
Manager, Portfolio Team
Jessica Hunt
Executive Assistant
Vanessa Kirsch Jen Lau
President and Founder
Development assistant
Jacqueline Lewis Rod McCowan
Director, Convenings Strategy
Partner
Katie Pakenham Jen Porter
project manager, pathways fund
Kathryn Price
Director of Operations and Talent
Amy-elizabeth Provost Julia Rafal
Executive Assistant
Manager, Urban Assets
Alicia Reed
director of partnerships
Will Reynolds
Partner
Elizabeth Riker Shruti Sehra
partner
Rachel Shatten Kelly Shearon Diana Smith
Managing Partner
manager, america forward
Online Communications Manager
Chief Executive Partner
Chapman Snowden Marci Spector
investor relations
associate partner
Kim Syman
managing Partner, Director of Action Tank
Matt Taylor
Portfolio Analyst
Laurie Thomsen
Partner
2009-10 Annual Report Jennifer Anderson Director of Communications jennifer_anderson@newprofit.com Molly Day Portfolio Analyst Matt Taylor Portfolio Analyst J Sherman Studio LLC julie@jshermanstudio.com
Two Canal Park, Cambridge, MA 02141 | 617.252.3220 | www.newprofit.com
A LIFT client; photo taken by Tony Brunswick, Chief Operating Officer of LIFT, at the LIFT Family Portrait Project, April 2010.