We see promise in the fearless ones. They don’t play the game. They transform it. They don’t create impact. They ignite it. They don’t edit the rules. They write them. New Profit exists to strengthen, connect, and amplify their potential. We invest in the best, so they can reach the most. Standing shoulder to shoulder with leaders, we remove obstacles and clear the way to impact. We build networks of excellence to multiply their efforts. And we won’t stop until together we’ve redefined possible. We know it won’t be easy; nothing worthwhile ever is. But we are compelled by those who came before us. And by those whose futures will follow. Our mandate is clear: Blaze a trail through never. Chart a course straight past impossible. Ask why not in a world of why bother.
And set our sights on new. New opportunities. New expectations. New results. New rules.
New Profit.
visionaries welcome. impact required.
TABLE OF CONTENTS 2 . . . . . . . New Profit’s Current & Past Investments 3 . . . . . . . About New Profit
4 . . . . . . . 5–28 . . . . 30 . . . . . . 31 . . . . . . 32 . . . . . . 33 . . . . . . 34 . . . . . . 36 . . . . . . 38 . . . . . . 39 . . . . . . 40 . . . . . . 41 . . . . . .
New Profit’s Support to Our Portfolio Organizations Investment Profiles The Gathering of Leaders Learning Communities America Forward The America Forward Coalition Our Story of Growth & Impact New Profit Team Spotlight Board of Directors Investors Supporters & Partners Financials
New Profit Annual report 2011-2012 1
CURRENT
INVESTMENTS
Acelero Learning* Achievement First AVANCE* BUILD College Possible College Summit Family Independence Initiative First Place for Youth Genesys Works Health Leads iMentor KIPP LIFT
PAST
BELL Citizen Schools CFY (Computers for Youth) Girls For A Change
Management Leadership for Tomorrow National College Advising Corps New Leaders New Teacher Center Peace First
Jumpstart
Peer Health Exchange
KickStart
Single Stop USA
Kids Voting USA Rare Right To Play Teach For America Upwardly Global Working Today
Stand for Children Teach For All The Mission Continues Turnaround for Children Year Up YouthBuild USA *New investment as of Fall 2012
2 New Profit Annual Report 2011-2012
38 Total number of investments made since New Profit founded
$54.4M Total contribution by Monitor GROUP to date
450+ cities Served By New Profit Portfolio Organizations
$1B+ Amount of institutional dollars represented at 2012 Gathering of Leaders
900+ Communities strengthened by America Forward Coalition Organizations
2.2M* lives touched through New Profit’s portfolio organizations
88% Board Leaders at New Profit’s 2012 Board Leader event who reported they made a change to their Board based on what they discussed at the 2011 event
About New Profit New Profit is a nonprofit social innovation organization seeking to increase social mobility by strengthening, connecting and amplifying the best ideas across the nation. With our signature partners and a network of philanthropists, we invest in a portfolio of social entrepreneurs, grow their impact, and drive systemic change in education, jobs training, early childhood development, and other levers of opportunity. Through our annual Gathering of Leaders and cross-portfolio forums, we connect social entrepreneurs with crosssector leaders and build communities that amplify bold visions and systems-changing agendas that fuel social innovation. Through America Forward, our public policy platform, these communities drive policy agendas that forge public/private partnerships that can accelerate their impact.
*Rare and New Teacher Center were omitted from the overall portfolio’s calculation of lives touched, due to their disproportionately high numbers
New Profit Annual report 2011-2012 3
new profit support We enable our portfolio organizations to deepen and scale their impact by providing multi-year, unrestricted financial support, connecting our organizations to a broader community of funders, partners and social entrepreneurs, and advising our organizations on key strategic capabilities in five areas:
College Possible
Impact and Evidence Growth Sustainability Leadership & Board Development Organizational Strategy
KIPP
Our support includes serving on our organizations’ boards, coaching our social entrepreneurs and their teams, engaging case teams from our partner— Monitor Group—on targeted project-related growth and organizational strategy, and enlisting the counsel and partnership of experts in our community. On average, we contribute a day per week of our time to each organization. We have also developed our Growth Diagnostic tool to track the growth of capabilities in our organizations and focus our interventions.
Family Independence Initiative
Photo: Matthew Moyer
In the following pages, we share profiles of each of our current portfolio organizations that highlight our support strategy and previous year’s activities, key metrics related to growth and impact, and other markers of their progress.
Health Leads
Teach For All
4 New Profit Annual Report 2011-2012
College Summit
Achievement first NEW PROFIT SUPPORT SPOTLIGHT: Leadership & Board Development New Profit worked to strengthen Achievement First’s leadership team and Board of Directors by leading processes for recruitment, stronger board governance, and leadership assessment. New Profit Managing Director, Doug Borchard, led board development efforts to identify, vet, and recruit new board members, resulting in the addition of three outstanding new board members over the course of 2011–12. Additionally, he led a 360 review for the organization’s co-CEOs, as part of an improved annual performance review process carried out by the board’s governance committee.
Social Entrepreneurs
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$2,400,000
$338,963
Highlights
Doug McCurry Co-CEO & Superintendent
Dacia Toll Co-CEO & President Mission
To provide students with the academic and character skills they need to graduate from top colleges, to succeed in a competitive world, and to serve as the next generation of leaders for our communities.
Impact Across the Achievement First network in New York, 82 percent of students scored at proficiency in math, compared to 45 percent in local districts. In English Language Arts, 49 percent of the organization’s students met the proficiency standard, compared to 36 percent of host district peers. In Connecticut, 56 percent of Achievement First 10th graders are achieving at goal on the Connecticut Academic Performance Test (CAPT) versus only 22 percent of their New Haven peers.
Field Leadership Achievement First just completed its first full year of the Residency Program, an initiative that works with the Connecticut Public Schools to identify and train potential school leaders using the best practices of the network. The organization also recently launched its Teacher Career Pathway program, a systematic, coordinated approach to recognizing, developing and rewarding great teachers that has received national attention.
Model
Achievement First’s network of K-12 public charter schools provides an unwavering focus on achievement, a rigorous curriculum, strategic use of data, aggressive teacher training and retention, and best-in-class support to help principals drive student gains.
Recognition Achievement First schools are prominently featured in ConnCAN’s annual Top 10 lists, which highlight schools state-wide that are exemplars in closing the achievement gap.
lives touched Issue Area
42%
Education Year Founded
Year of new profit Investment
1999*
2007
New Haven, CT
2011
930 5441
compound annual growth Rate
REvenue
37%
headquarters
2006
2006 2011
$17.9M $87.2M
compound annual growth Rate
State site
*The first school in the program, Amistad Academy, was founded in 1999. Achievement First was founded as a 501(c)3 in 2003.
New Profit Annual report 2011-2012 5
build NEW PROFIT SUPPORT SPOTLIGHT: Impact & Evidence New Profit and Monitor Institute partnered with BUILD to develop a strategic plan to improve their impact with their targeted population of disengaged and disadvantaged students, reduce cost per student by leveraging partnerships with other nonprofits, and set the stage for systemic change efforts. This work serves as the foundation for an upcoming “impact campaign” through which BUILD will raise multi-year growth capital to deepen and grow its impact in its existing three regions and beyond.
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$1,018,000
$426,122
Highlights
Suzanne McKechnie Klahr CEO & Founder
Impact BUILD graduated the largest class of seniors (94) in its history, with 99% admitted to college and 76% admitted to a four-year university.
Growth
Mission
To use entrepreneurship to excite and propel disengaged, low-income students through high school to college success. Model
BUILD’s college preparation and entrepreneurship program begins as a daily in-school elective in the ninth grade, and thereafter is offered as an after-school program through twelfth grade. In BUILD, students develop their own business ideas, write business plans, pitch to funders and launch real businesses. To help them become eligible and ready for college, students also receive tutoring, test prep and individualized academic support, plus advising for their school-work and college planning.
BUILD Boston debuted with a first class of 100 freshmen. Seventeen schools asked to join BUILD, but the site could only accept four partner high schools in its first year.
Strategy In 2012, BUILD completed a strategic plan that shifted the program’s focus from college access to college readiness and success and encouraged a focus on building strategic corporate partnerships to generate revenue and skilled volunteers and community partnerships to more cost-effectively deliver its entrepreneurship program.
Recognition Suzanne McKechnie Klahr was chosen to be one of five recipients of the Manhattan Institute’s Richard Cornuelle Award for Social Entrepreneurship.
lives touched Issue Area
26%
Education Year Founded
Year of new profit Investment
1999
2008
2011 633
compound annual growth Rate
REvenue
27%
headquarters
2007 249
2007 $1.8M 2011 $4.7M
compound annual growth Rate
Redwood City, CA DC
State site
6 New Profit Annual Report 2011-2012
Coalition Member
college possible
Admission Possible changed their name to College Possible in January of 2012.
Ne
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NEW PROFIT SUPPORT SPOTLIGHT: Strategy
New Profit is working with Jim McCorkell and his senior team to update and refine College Possible’s growth strategy. Together, we are working to ensure that the organization’s strategy extends beyond college access to include its efforts at promoting student success in college. New Profit also partnered with SeaChange Capital Partners to assess how best to leverage College Possible’s strong financial platform and local fundraising track record to appropriately accelerate growth.
Social Entrepreneur
Highlights
Impact
Jim McCorkell
94% of College Possible students were admitted to a four-year college, the highest rate in six years. 94%
CEO & Founder
Growth
Mission
College Possible is making college admission and success possible for low-income students through an intensive curriculum of coaching and support. Model
By harnessing the power of national service to create a corps of near-peer coaches, College Possible provides intensive college mentorship that empowers low-income students to navigate the barriers to college admission and completion. Their services include: academic support through ACT and SAT test preparation; college application assistance; financial aid consulting; guidance in the college transition; and support toward college degree completion.
In 2011, College Possible expanded to its third site, Omaha, Nebraska, and reached over 400 students in a successful first year of operations.
Recognition Jim McCorkell was selected as the sole recipient of the 2012 Harvard Kennedy School Alumni Achievement Award for demonstrating an innovative, scalable and sustainable approach to solving a public problem. The award has been given to 19 individuals since it was launched in 1997, including: Robert Zoellick, former Deputy Secretary of State; Klaus Schwab, founder and president of the World Economic Forum; Paul Volker, former chair of the Federal Reserve Board; and other change makers from the private, nonprofit, and public sectors.
lives touched 2011
7,600
REvenue
Issue Area
2011
Education Year Founded
Year of new profit Investment
2000
2012
Coalition Member
5.9M
headquarters
St. Paul, MN
State site
New Profit Annual report 2011-2012 7
College Summit NEW PROFIT SUPPORT SPOTLIGHT: Leadership & Board Development New Profit helped College Summit build out its senior leadership team, recruit additional members to its board, and strengthen board governance. As part of this work, New Profit provided input on senior finance hires. In addition Vanessa Kirsch formally joined the board’s Executive Committee.
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$3,000,000
$1,873,390
Highlights
Impact
J.B. Schramm Founder & CEO
College Summit completed the 2011–12 academic year with record college access results: 81% of students submitted at least one application to a postsecondary institution, up from 77% the prior year. This year, 61% of seniors submitted the FAFSA, compared to last year’s rate of 55%.
Mission
To increase college enrollment and persistence rates for low-income students by raising the purpose of public education from high school diplomas to college and career success.
Growth
Model
College Summit partnered with The Gates Foundation and Facebook to lead the College Knowledge Challenge, a national contest to produce next generation college access and success apps to support millions of low-income students nationally.
College Summit builds college-going culture in low-income high schools by equipping the most influential students to provide college know-how and higher expectations in the most compelling way: peer-to-peer.
Over the course of 2011 and 2012, College Summit increased the number of students served from 25,829 to roughly 50,000 through its traditional (12th grade) and Launch (9–11th grade) programs.
Strategy
Recognition In 2011, Forbes Magazine named J.B. Schramm as one of the top 30 social entrepreneurs who are tackling the world’s most intractable social problems.
Issue Area
lives touched
Education Year Founded
1993
Year of new profit Investment
2002
39%
2001
936
2011 25,829
compound annual growth Rate
America Forward collaboration
REvenue
headquarters
22%
Washington, D.C.
2001
$2.1M
2011 $16.2M
compound annual growth Rate
DC
State site
8 New Profit Annual Report 2011-2012
Coalition Member
College Summit, along with fellow America Forward Education Task Force members, crafted a policy platform and successfully advocated for inclusion of college going and success measures in the U.S. Department of Education’s NCLB Waiver program, and in the bipartisan Harkin-Enzi draft of the reauthorization of the Elementary and Secondary Education Act (ESEA).
Family Independence Initiative NEW PROFIT SUPPORT SPOTLIGHT: Impact & Evidence In 2011, New Profit conducted several “theory of change” workshops to help Family Independence Intitiative’s senior team and board articulate the role that more direct access to financial, social and intellectual capital plays in the way that families experience “choice, control and community” in their lives. This work provided some of the building blocks for the strategy and growth planning that FII undertook in early 2012.
Total Funding from new profit through 2011
$550,000 Social Entrepreneur
Highlights
Impact
Maurice Lim Miller
Sample outcomes for families enrolled in FII for at least 24 months:
President & CEO
18% 196% 80%
Mission
To create an opportunity-rich environment that invests resources in low-income communities based on the strengths and initiative they demonstrate toward improving their lives and the lives of others in their communities. Model
Family Independence Initiative (FII) convenes groups of working poor families and an FII Liaison to meet monthly over two years, encouraging and assisting these families to self-organize and take control of their lives and their communities.
increase in average household income (excluding FII payments) increase in average savings families that reported improved school grades and attendance for their children
Strategy FII completed a 5-year business plan with Bridgespan Group that includes growth to additional cities and deeper investment in the incubation of services that will allow low-income families and communities to gain more direct access to financial and social capital.
Field Leadership FII recently launched the Torchlight Prize to honor groups of self-organized residents working to strengthen their communities. The White House Council for Community Solutions included FII’s Torchlight Prize in its final recommendations to President Obama.
Recognition Issue Area
Poverty Alleviation Year Founded
Year of new profit Investment
2001
2010
In the past year, FII received major national recognition, including Maurice’s selection as a MacArthur Genius Grant award winner, segments on NPR’s All Things Considered, PBS’s Need to Know, and articles in Forbes, The Chronicle of Philanthropy and The New York Times.
lives touched
74%
headquarters
Oakland, CA
2009
455
2011
1370
compound annual growth Rate
REvenue
41% State site
2009
$1.4M
2011
$2.9M
compound annual growth Rate
New Profit Annual report 2011-2012 9
First Place for Youth
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NEW PROFIT SUPPORT SPOTLIGHT: Leadership
es tm e
nt
New Profit launched its first year of engagement with First Place with a focus on strengthening the senior team and board. New Profit Partner Eliza Greenberg began orienting Sam Cobbs to New Profit’s network and portfolio and co-created a four-year “campaign plan.” Her initial work with First Place has focused on board recruitment, scoping roles and relationships of the senior team and scoping the launch of a late fall growth strategy planning process.
Social Entrepreneur
Highlights
Impact
Sam Cobbs CEO
First Place’s 2011 results in comparison to California foster youth data: % youth with secure housing within two years of program exit
35%
% of youth with HSD or GED
46%
Mission
To remedy the lack of services available to youth who are making the difficult transition from foster care to independent living.
90%
71%
% of youth enrolled in college
10% 88%
% of youth with stable employment
29% 78%
CA foster youth First Place
Model
First Place For Youth works to ensure that all foster youth have the opportunity to experience a safe, supported transition from foster care. Through a housing program, an employment and academic enrichment program, and other supportive services, First Place helps youth to gain the skills they need to live independently and succeed on their own.
Growth First Place was awarded a $3 million public contract in Los Angeles, enabling the organization to triple the number of at-risk youth who receive its services within the county.
Field Leadership First Place supported efforts to ensure passage of California Assembly Bill 1473 which creates Transitional Housing Placement-Foster Care as licensed foster care placement and gives young people the opportunity to fully participate in First Place’s program services and continuum of care throughout California.
Issue Area
Youth Development Year Founded
Year of new profit Investment
1998
2012
lives touched 2011
1,622
headquarters REvenue
Oakland, CA
2011
State site
10 New Profit Annual Report 2011-2012
$10.3M
Genesys Works NEW PROFIT SUPPORT SPOTLIGHT: Impact & Evidence New Profit supported Rafael Alvarez in refining the organization’s theory of change, clarifying the role of mentor relationships, skill-building, and professional behaviors in increasing students’ sense of self-efficacy and their potential for professional success. This work will be a key input to program pilots planned for the next two years.
Total Funding from new profit through 2011
$500,000 Social Entrepreneur
Highlights
Impact
Rafael Alvarez Founder & CEO Mission
To enable urban high school students to enter and thrive in the economic mainstream by providing them with 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 eight weeks of professional development and job training, after which students work in paid internships during the school year with one of the organization’s corporate partners.
A study completed by the University of Texas at Dallas revealed a “substantial and significant” effect of the Genesys Works program on the probability of students transitioning to institutions of higher learning and persisting through the second year of post-secondary education. The study estimated that Genesys Works increased the probability of students transitioning to a higher education institution by between 16% and 20%.
Strategy A strategic growth study conducted by Genesys Works’ pro bono consulting partner, Accenture, identified new internship markets, beyond the areas of IT, drafting, and accounting/finance, that could allow the organization to tap into a broader set of corporate clients and go deeper into the communities it serves.
Recognition In 2011, Forbes Magazine named Rafael Alvarez as one of the top 30 social entrepreneurs who are tackling the world’s most intractable social problems.
lives touched
51%
Issue Area
Workforce Development Year Founded
Year of new profit Investment
2002
2010
headquarters
2009
128
2011
290
compound annual growth Rate
Coalition Member
REvenue
48%
2009
$2.9M
2011
$6.4M
compound annual growth Rate
Houston, TX
State site
New Profit Annual report 2011-2012 11
Health Leads NEW PROFIT SUPPORT SPOTLIGHT: Impact & Evidence New Profit worked with Health Leads to refine its program model, test targeted delivery to different sub-populations of low-income patients, and evolve how volunteers are engaged, for stronger impact and program efficiencies. As part of this work, New Profit Partner Eliza Greenberg supported Health Leads’ decision to “go deep” in Boston, where the organization is piloting new delivery and volunteer models to improve client impact and volunteers’ leadership development. This work helped Health Leads roll out a Rapid Resources referrals function—pre-packaged client support referrals that save time in the exam room—which provide long-term cost-savings to host clinics.
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$2,100,000
$836,409
Photo: Matthew Moyer
Social Entrepreneur
Highlights
Impact
Rebecca Onie
50%
Over 50% of clients solve at least one critical need (e.g., receive food, get their heat turned back on, find a job) within 90 days of getting their “prescription.”
Co-Founder & CEO Strategy
Mission
Health Leads envisions a healthcare system that addresses all patients’ basic resource needs as a standard part of quality care. Model
In clinics where Health Leads operates, doctors can “prescribe” basic resources such as food and heating assistance for their lowincome patients, just as they do medication. Patients then take their prescriptions to the clinic waiting room, where Health Leads’ corps of college volunteers work side-by-side with patients to connect them to the resources they need to be healthy.
In FY12, nine out of Health Leads’ 21 host clinics and sites integrated the program’s costs into their budgets, representing a critical first step in the organization’s long-term financial sustainability and influence on the overall healthcare system.
Field Leadership Rebecca’s April 2012 keynote at TEDMED (the health arm of the TED talks) about how to transform our current sickcare system into a healthcare system became an online hit garnering over 240,000 hits. Rebecca also co-authored the Stanford Social Innovation Review Summer 2012 cover story, entitled “Realigning Health with Care.”
Recognition Rebecca and Health Leads were featured in Forbes Magazine’s “Impact 30” list of the world’s leading social entrepreneurs and also received coverage in The New York Times and the Washington Post.
Issue Area lives touched
Public Health Year Founded
1996
Year of new profit Investment
2007
30%
2,339
2006 2011 8,804
compound annual growth Rate
headquarters
REvenue
Boston, MA
43%
2006
$2M
2011 $9.3M
compound annual growth Rate
DC
State site
12 New Profit Annual Report 2011-2012
iMentor NEW PROFIT SUPPORT SPOTLIGHT: Impact & Evidence New Profit worked with iMentor to refine its theory of change, allowing it to sharpen the focus of its program on improving college success among low-income students, and launch a strategic planning process focused on maximizing the organization’s national impact. With Monitor’s guidance, iMentor is designing a strategic plan that helps it identify the most effective replication strategy and position the organization to have significant impact nationally on how high schools address non-academic drivers of college success. This plan will be the basis of a capital campaign to fund iMentor’s next phase of growth from 2013 through 2018.
Total Funding from new profit through 2011
$1,300,000 Social Entrepreneur
Highlights
Impact
Mike O’Brien
In 2011:
CEO
83% 74%
Mission
To improve the lives of high school students from underserved communities through innovative and technology-enabled mentoring. Model
iMentor implements a direct service, high school-based mentoring program in New York City to help students from low-income communities prepare for and succeed in college. iMentor also has a fee-for-service partnership program that provides consulting, curricula, and technology tools to nonprofits across the country to help them run effective mentoring programs in the iMentor model.
Issue Area
Education
of iMentor’s mentees in New York City graduated from high school compared to a citywide graduation rate of 65% of students in iMentor’s College Transition program enrolled in college in 2011
Growth Funding from the Pathways Fund allowed iMentor to scale its program in New York City by 20% (for a total of 700 mentees) and to successfully establish partnerships and launch mentoring programs with three national nonprofits (City Year, College Possible, and Single Stop USA at Miami Dade College). These partnerships expanded iMentor’s presence into three new geographies (Twin Cities, Philadelphia, and Miami).
Field Leadership In 2012, Mayor Michael R. Bloomberg highlighted iMentor in his State of the City Address and announced that iMentor is partnering with 10 leading New York-based companies that will each recruit 100 of their employees to serve as mentors. In his remarks, Mayor Bloomberg cited college and career-readiness as one of five priorities for improving the city’s schools and highlighted iMentor’s 100 Mentor Pledge as a key initiative to help achieve this goal.
Recognition
Year Founded
Year of new profit Investment
1999
2009
In 2012 Mike O’Brien was selected to be an Ashoka Fellow for his leadership of iMentor, an innovative solution with the potential to change patterns across society. lives touched
headquarters
91%
New York, NY
2008 2011
738 4,250
compound annual growth Rate
Coalition Member
REvenue
State site
13%
2008 2011
$3.4M $5M
compound annual growth Rate
New Profit Annual report 2011-2012 13
KIPP NEW PROFIT SUPPORT SPOTLIGHT: Organizational Strategy New Profit and Monitor partnered with KIPP’s national leadership and regions to identify, design, and plan for improved structures, practices, and economics to support the organization’s 2015 strategic objectives. New Profit and a Monitor case team conducted a benchmarking of costs across the KIPP network and with public school districts to support KIPP regions’ financial health and identification of best practices across the network. New Profit Managing Director Doug Borchard also worked with Richard Barth to plan for the evolution of the national leadership team structure to support further growth.
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$2,008,000
$1,822,178
Highlights
Impact
Richard Barth
96% of KIPP schools outperformed their respective districts on the state math tests in 8th grade
CEO
94% of KIPP schools outperformed their respective districts on the state ELA tests in 8th grade 94% of KIPP students have graduated from high school
Mission
To help students from underserved communities develop the knowledge, skills, and character needed to succeed in college and the competitive world beyond. Model
KIPP focuses on a rigorous academic curriculum combined with character development; providing academic and social supports to get to and through college; training visionary leaders; recruiting, retaining, and empowering high-quality teachers; and using and sharing data to improve our practices.
And across the first KIPP classes, 39% have graduated from college—four times the national average for low-income students and higher than the national average for all students
Growth KIPP opened 11 new schools in fall 2011, bringing the total number of KIPP schools nationwide to 109, and growing its enrollment from 27,682 to more than 33,000 students.
Field Leadership As part of their Investing in Innovation (i3) grant, KIPP launched its first KIPP Leadership Design Fellowship, in which representatives from 15 school districts, four charter management organizations, and seven educator training programs participated in 2011–12. The eight-month program’s goal is to share KIPP’s best practices and experience and encourage participating organizations to learn from each other.
Issue Area
Recognition
Education Year Founded
Year of new profit Investment
KIPP NYC’s pioneering efforts to pilot a character report card were featured in a cover story in The New York Times Magazine in September 2011.
1994
2006
lives touched
headquarters
28%
San Francisco, CA
2005 2011
6,222 27,682
compound annual growth Rate
REvenue DC
State site
35%
2005 2011
$65.2M $390M
compound annual growth Rate
14 New Profit Annual Report 2011-2012
Coalition Member
LIFT NEW PROFIT SUPPORT SPOTLIGHT: Impact & Evidence New Profit worked closely with LIFT to help articulate their theory of change, which resulted in the decision to formalize a more holistic model to support clients on the path to stability and well-being. The refocused approach builds on LIFT’s existing model of resource connections. It provides clients who engage in a sustained relationship with the organization intensive supports to build their internal tools, strengthen their community connections, and ultimately achieve greater financial security. In order to effectively deliver these multidimensional services, LIFT will broaden its volunteer base to ensure a range of professional skills and experience.
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$1,000,000
$791,018
Highlights
Impact
Kirsten Lodal CEO & Co-Founder Mission
LIFT’s mission is to help community members achieve economic stability and well-being. It is working to establish a new standard for holistic and enduring solutions in America’s fight against poverty. Model
LIFT clients and volunteers work one-on-one to find jobs, secure safe and stable housing, make ends meet through public benefits and tax credits, and obtain quality referrals for services like childcare and healthcare. Simultaneously, the LIFT experience pushes volunteers to grapple with our country’s most challenging issues related to poverty, race, inequality, and policy and join the next generation of community changemakers. Issue Area
.
Growth LIFT expanded its operation in all five of its current regions, and broadened its national footprint by launching its first West Coast site in Los Angeles.
Strategy In 2012, LIFT launched a $10M growth capital campaign, which will build its capacity to drive transformational client outcomes, make key investments in evaluation and talent, and strengthen its financial foundation.
Recognition The New York Times featured LIFT as “one of the most innovative organizations working to re-imagine poverty alleviation” in David Bornstein’s Fixes column “In the Fight Against Poverty, It’s Time for a Revolution.” The article brought tremendous attention to LIFT’s work and a flood of volunteer interest.
lives touched
Poverty Alleviation Year Founded
In 2011 LIFT provided an average of 10 resource connections per client, helping individuals secure jobs, maintain their housing, access vital social services, and move forward on the road to economic stability
Year of new profit Investment
12%
2006
5,111
2011
9,700
Coalition Member
compound annual growth Rate
1998
2007
headquarters
REvenue
13%
Washington, D.C.
2006
$1.5M
2011
$2.8M
compound annual growth Rate
DC
State site
New Profit Annual report 2011-2012 15
Management Leadership for Tomorrow NEW PROFIT SUPPORT SPOTLIGHT: Leadership & Board Development New Profit has worked with Management Leadership for Tomorrow (MLT) on ongoing board development, which has resulted in a new Board chair and committee structure to ensure more effective and engaged governance. New Profit Senior Partner Elizabeth Riker also supported MLT’s senior team in its efforts to build out a philanthropic revenue stream and develop a new philanthropic pitch.
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$800,000
$1,004,162
Highlights
Impact
John Rice Founder & CEO
97% of MLT’s MBA Prep class matriculated to top 25 business schools in 2012. 90% of Career Prep Fellows secured full-time jobs upon graduation, compared to 25% of all new college graduates nationally. Top hiring partners were: Deloitte, Google, Citi, and Teach For America.
Mission
To build the premier career development institution that equips high potential minorities with the key ingredients to unlock their career potential. Model
MLT provides the skills, coaching, roadmap, and relationships needed to transform top minority talent into high-impact leaders.
Field Leadership The June 2012 edition of Harvard Business Review featured John Rice’s bylined article, entitled “Why Make Diversity So Hard to Achieve?” John challenged the traditional approach to diversity recruiting and encouraged organizations to measure their diversity initiatives with the same rigor as they would their core business objectives.
Recognition The Wall Street Journal highlighted the ongoing lack of diverse talent (specifically, African Americans, Hispanics and Native Americans) at the nation’s top business schools and cited MLT as a leading organization that works to address this disparity. lives touched
40%
Issue Area
2005 2011
386 2,845
compound annual growth Rate
Workforce Development Year Founded
Year of new profit Investment
1994
2006
headquarters
New York, NY
State site
16 New Profit Annual Report 2011-2012
REvenue
31%
2005 2011
$1.2M $6M
compound annual growth Rate
National College Advising Corps NEW PROFIT SUPPORT SPOTLIGHT: Organizational Strategy New Profit helped National College Advising Corps (NCAC) identify short- and long-term staffing needs and develop a staffing structure for the national office that will support the organization’s growth strategy. Working with data from New Profit’s portfolio, The Bridgespan Group, and other sources, NCAC developed a new structure, a phased hiring plan, and relevant job descriptions. As part of the effort to spin off as a 501(c)3, New Profit also helped NCAC identify founding board members for the new entity and resources for legal support, and develop a financial and staffing transition plan.
Total Funding from new profit through 2011
$704,159 Social Entrepreneur
Highlights
Nicole Farmer Hurd, Ph.D. Founder & Executive Director
Impact In 2011, NCAC launched a multi-year third party evaluation study that ensures continued focus on program outcomes and will help the organization evolve its measurement activities.
Mission
Growth
To increase the number of low-income, first-generation college and underrepresented high school students entering and completing higher education.
NCAC has experienced significant growth over the past two years, increasing the number of high schools that they currently serve to 368, a 68% increase from last year (up from 219).
Strategy NCAC is spinning off from UNC Chapel Hill to become an independent 501c3— a transition that will enable it to more effectively scale its services and impact.
Model
National College Advising Corps hires and trains recent college graduates to serve as full-time college advisers in underserved high schools where they help students with all aspects of the college admissions process.
Issue Area
Recognition In 2012 NCAC received the National Service Impact Award from the Corporation for National and Community Service, which recognizes “the best in national and community service” and was a finalist for the Drucker Innovation Award. Additionally, Nicole Hurd won the National College Access Network Executive Leadership Award of Excellence.
lives touched
Education
2011
Year Founded
Year of new profit Investment
2007
2011
110,000
REvenue 2011
$17M
headquarters
Chapel Hill, NC
State site
New Profit Annual report 2011-2012 17
Formerly New Leaders for New Schools
New Leaders
NEW PROFIT SUPPORT SPOTLIGHT: Organizational Strategy To support an organizational redesign, New Profit conducted a benchmarking study on the relationship between local and national offices across its portfolio organizations, and, through Monitor Institute, facilitated a one-day workshop for New Leaders’ senior team. As a result of this work, New Leaders reconfigured the national team structure to drive more consistent program execution and stronger fundraising at the local level and refined the roles and responsibilities of key positions around the organization.
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$2,165,000
$2,377,417
Highlights
Impact
Jean Desravines CEO Mission
To ensure high academic achievement for all children, especially students in poverty and students of color, by developing transformational school leaders and advancing the policies and practices that allow great leaders to succeed. Model
New Leaders develops talented educators into transformational school leaders who create a vision of success for all students and engage the whole staff and community in realizing this vision. Through its leadership services, New Leaders also collaborates with districts, charter management organizations, and states to foster the conditions that enable highly effective school leaders to drive results for students.
48% of schools led by New Leaders principals (in their 2nd to 5th year) are on track to closing the achievement gap between their students and all students in the state in math and ELA within five years.
Strategy New Leaders completed its first year of the Emerging Leaders Program, a new pipelinebuilding strategy that provides professional development to aspiring leaders earlier in their careers, with promising results: 97% of participants report the program increased their knowledge and skills in leading adults to drive achievement gains.
Field Leadership New Leaders is engaging with three states (Connecticut, Indiana and Tennessee) in an initiative to improve the development and implementation of school leadership policies at the state and local level, which they will parlay into open-source resources—including guidance, frameworks and tools— that they will disseminate freely to impact all states across the country.
Recognition In 2011, Forbes named Jean Desravines as one of the top 30 social entrepreneurs who are tackling the world’s most intractable social problems.
Issue Area
Education
lives touched
Year Founded
Year of new profit Investment
2000
2001
36%
2002
7,500*
2011
230,000
compound annual growth Rate
headquarters
Coalition Member
REvenue
New York, NY
46%
2002
$2.2M
2011
$48.3M
compound annual growth Rate
DC
State site
18 New Profit Annual Report 2011-2012
* New Leaders principals served its first students in 2002 after an initial program development period
New Teacher Center NEW PROFIT SUPPORT SPOTLIGHT: Growth New Profit and Monitor Institute partnered with New Teacher Center senior leadership team and board on a one-year strategic growth planning process in early 2012. The project resulted in a clear articulation of NTC’s program model and beneficiary impact and identified an opportunity to leverage technology to greatly magnify the scope of NTC’s impact. For example, while NTC’s face-to-face program primarily serves new teachers in urban districts, their new technology offerings will enable them to effectively reach new rural and suburban teachers, as well. This new strategic work is serving as the basis for the launch of an ambitious growth capital campaign.
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$500,000
$81,866
Highlights
Impact 93% of NTC’s beginning teachers report that the mentoring work has had an impact on their practice.
Ellen Moir CEO & Founder
Strategy
Mission
NTC developed a strategic plan for rapid growth of its model across the US which will entail growing its face-to-face, intensive induction work in large, low-income districts as well as scaling their online offering to new teachers across the country.
To improve student learning by accelerating the effectiveness of new teachers and school leaders. Model
Field Leadership
New Teacher Center has developed a comprehensive induction program that provides new teachers with one-on-one mentoring and professional development opportunities within the school environment. In addition, the organization develops and provides innovative programs, services, resources, and tools that address national issues related to new teachers and teacher development. Finally, NTC advocates for and designs public policies to strengthen new educator induction and mentoring.
NTC won a 3-year, $14 million grant from the U.S. Department of Education to support teachers and principals in Hillsborough County Public Schools (HCPS) in Tampa, FL, and to administer its nationally recognized teaching conditions survey to all schoolbased licensed educators in the district, providing district leaders with data and tools to help them enhance school improvement efforts. In addition, NTC is a key partner in the national 100kin10 movement which aims to bring 100,000 new STEM (Science, Technology, Engineering, and Mathematics) teachers into the profession over the next ten years.
Recognition In 2011, Ellen Moir received the Skoll Award for Social Entrepreneurship and was named an Ashoka Fellow.
Issue Area
Education Year Founded
1998
Year of new profit Investment
lives touched
-11%
2010
2009
1,843,593
2011
1,471,761
headquarters
compound annual growth Rate
Santa Cruz, CA
REvenue
1%
2009
$17.8M
2011
$18.2M
* NTC made a strategic decision to cut low-touch contracts leading to a decline in their overall number of teachers served while increasing the number of teachers served through a more intensive model.
compound annual growth Rate
State site
New Profit Annual report 2011-2012 19
Peace First
Ne
w
NEW PROFIT SUPPORT SPOTLIGHT: Leadership & Board Development
Inv
es tm e
nt
New Profit launched its first year of engagement with Peace First with a focus on strengthening its board. New Profit Partner Shruti Sehra began orienting Eric Dawson to New Profit’s network and portfolio, and co-created a four-year engagement plan. Her initial work with Peace First has focused on identifying strategic priorities for the organization, and prospective board members who can support these priorities.
Social Entrepreneur
Highlights
Impact
Eric D. Dawson
Peace First has seen remarkable results in their schools:
CEO & Co-Founder Mission
70–80 percent increase in instances of children breaking up fights, including others and helping one another—resulting in better schools and higher potential for each child in that school.
Peace First exists to create the next generation of peacemakers.
Growth
Model
Peace First partners with schools, educators and other nonprofit organizations that serve youth from Pre-K to 8th grade. Students learn to cooperate, communicate, and resolve conflicts in a developmentally appropriate way. During the second half of the program, students transform their learning into action through projects that teach civic engagement skills while demonstrating the positive impact young people can have in their communities.
a 60 percent reduction in violence, and more importantly, a
In 2011, Peace First grew its revenue by 62% (from $2.9M to $4.7M and lives touched by almost 40% (from 4,000 to 6,500 children).
Field Leadership Peace First is launching the Peace First Prize which will celebrate small, courageous and transformative acts of peacemaking by young people and inspire others to follow in their footsteps. The Peace Prize will be offered annually to youth aged 8–22 living in the United States. Peace First will invest in the long-term ability of winners to become national peace leaders.
lives touched 2011
6,500
Issue Area
Coalition Member
REvenue
Youth Development Year Founded
Year of new profit Investment
1996
2012
headquarters
Boston, MA
State site
20 New Profit Annual Report 2011-2012
2011
$4.7M
Peer Health Exchange NEW PROFIT SUPPORT SPOTLIGHT: Growth New Profit and Monitor partnered with Peer Health Exchange (PHE) to build a four-year strategic growth plan focused on demonstrating PHE’s impact on teens’ health knowledge, attitudes, and behavior while growing the number of teens served. Through the process, New Profit Partner Marci Spector supported PHE’s senior team in building the economic model and identifying key priorities against a number of variables including impact, cost, and synergy with existing organizational capacities. The result was the launch of an $11M growth capital campaign that will enable PHE to make 77 additional hires, expand to seven cities, and increase its operating budget to $14M and serve over 30,000 teens per year. Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$1,800,000
$565,156
Photo: Matthew Moyer
Social Entrepreneur
Highlights
Louise Davis Langheier Co-Founder & Executive Director
Impact On average, PHE high school students’ health knowledge grew by 42% from the start of the program to the end of the program. 61% of teens reported that they had already used something they learned in a Peer Health Exchange workshop to make a healthy decision, and 94% reported that they intend to in the future.
Mission
To give teenagers the knowledge and skills they need to make healthy decisions by training college students to teach a comprehensive health curriculum in public high schools that lack health education. Model
Peer Health Exchange recruits, selects, and trains college student volunteers to teach high school students a comprehensive health curriculum consisting of 13 standardized health workshops on topics ranging from decision making and sexual health to substance abuse and nutrition.
Growth PHE kicked off launch efforts in Washington, DC, building cohorts of highly qualified volunteer leaders while building relationships within the school district and community, with a goal of serving up to 1,000 DC teens in fall 2012.
Strategy PHE launched its 2011–2015 Strategic Plan and has identified and developed 19 distinct strategic investments that will enable the organization to deepen its impact across a number of program components including volunteer teaching quality, time on task, staff capacity, school environments, program evaluation, and talent pipeline for volunteers. lives touched
75%
Issue Area
2005
500
2011
14,554
Coalition Member
compound annual growth Rate
Public Health Year Founded
Year of new profit Investment
2003
2005
REvenue
54%
2005 2011
$0.2M $3.9M
compound annual growth Rate
headquarters
San Francisco, CA DC
State site
New Profit Annual report 2011-2012 21
Single Stop USA NEW PROFIT SUPPORT SPOTLIGHT: Sustainabilty New Profit is working with Single Stop USA to develop a scalable fee-for-service delivery model and a growth plan that will allow the organization to accelerate its growth sustainably. Single Stop services continue to be in high demand from community colleges across the country. Recognizing the intense resources required to launch and operate a community college site under its current service model, Single Stop is working to increase capacity and improve its service delivery model in order to meet demand. New Profit provided strategic guidance by conducting market research for Single Stop to better understand community college needs and the target market for the organization’s services. Total Funding from new profit through 2011
$550,000 Social Entrepreneur
Highlights
Impact
Elisabeth Mason
The average dollar value of benefits and services per student screened through Single Stop’s Community College initiative was $2,009.
CEO & Co-Founder Growth
Mission
To unlock access to billions of dollars in existing resources to help struggling students stay in school, complete their post-secondary education and move their families toward economic mobility. Model
Single Stop provides community college students with access to financial resources and additional services, helping lessen the burden of non-academic pressures like lack of adequate housing, childcare, or health insurance.
In 2011–12, Single Stop launched six additional community college sites in New Orleans, LA; Westchester, NY; and Boston, MA.
Strategy Single Stop is developing a five-year growth plan to prepare the organization for sustainable growth. The plan is focused on refining its community college initiative’s service delivery model to allow it to scale to an even greater number of community colleges.
Field Leadership Single Stop has system-wide partnerships with several of the nation’s largest community college systems including the City University of New York, Miami Dade College, and the City College of San Francisco.
lives touched
Issue Area
2011
Poverty Alleviation Year Founded
Year of new profit Investment
2007
2011
headquarters
New York, NY
State site
22 New Profit Annual Report 2011-2012
140,659
REvenue 2011
$21.1M
Coalition Member
Stand for Children NEW PROFIT SUPPORT SPOTLIGHT: Leadership & Board Development Catalyzed by New Profit’s Board Leader convening, Stand for Children’s Board Chairs have been working, with New Profit’s support, to clarify board roles and increase board engagement so the board serves as an enabler for Stand’s evolution and continued success. As part of this work, committee structures have been strengthened and the board and senior team are playing an active role to evolve the board’s engagement with the organization.
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$3,068,500
$204,810
Highlights
Impact
Jonah Edelman Founder & CEO Mission
To ensure that all children, regardless of their background, graduate from high school prepared for, and with access to, a college education. To make that happen, Stand: 1) educates and empowers parents, teachers, and community members to demand excellent schools; 2) advocates for effective local, state and national education policies and investments; and 3) ensures the policies and funding they advocate for reach classrooms and help students.
To date, Stand has achieved over 165 state and local victories and leveraged over $3.5 billion in education investments. These policies and investments are improving the lives of more than 4 million children.
Strategy Stand is launching a growth capital campaign in conjunction with a new strategic plan that will allow the organization to expand its impact and efforts in education reform.
Field Leadership Stand helped both MA and TN win Federal Race to the Top grants, catalyzing statewide change to achieve that goal and creating more demand for pragmatic and effective education reform nationwide.
Recognition
Model
Stand for Children builds chapters of concerned citizens, providing them with training and coaching in leadership and policy advocacy to improve public education at the district and state level.
In 2011, Jonah was featured both in Time Magazine and The New York Times for his work as an education reform activist.
lives touched Issue Area
11%
Education
2007
3,150
2011
4,800
compound annual growth Rate
Year Founded
Year of new profit Investment REvenue
1999
2008
headquarters
55%
2007 2011
$2.7M $15.4M
compound annual growth Rate
Portland, OR
State site
New Profit Annual report 2011-2012 23
Teach For All NEW PROFIT SUPPORT SPOTLIGHT: Organizational Strategy New Profit provided Teach For All limited support related to leadership team development. New Profit and Monitor supported Teach For All in assessing and refining its service delivery model for network members. New Profit also worked with Teach For All on strengthening the organization’s governance and performance management.
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$3,000,000
$1,025,199
Highlights
Impact
Wendy Kopp CEO & Co-Founder Mission
To expand educational opportunity internationally by increasing and accelerating the impact of independent social enterprises that enlist their nations’ most promising future leaders in addressing educational inequity. Model
The national organizations within the Teach For All network recruit outstanding young leaders of a variety of disciplines and career interests to commit two years to teach in high-need areas and, in the long term, work as lifelong leaders to effect the fundamental changes necessary to ensure educational opportunity for all. Teach For All increases and accelerates the impact of each organization by sharing the expertise that exists across the network, providing direct services, and facilitating high-impact connections.
Teach For All has helped inform and advance its most experienced partners, Teach For America and Teach First, which have respectively fielded 37,000 and 4,000 teaching participants, while also inspiring and supporting growing programs in 23 other countries that have fielded 2,000 teaching participants. Beyond the classroom, Teach For All’s growing community of more than 30,000 alumni leaders are pioneering systemic change in education.
Growth In 2012, Teach For All welcomed three additional partners including Teach For Japan, Lithuania’s Renkuosi Mokyti!, and Teach For the Philippines, for a total of 25 partners across the Americas, Europe, Asia and the Middle East. Teach For All anticipates that by 2015, its network will grow to more than 40 partners in all regions of the world.
Field Leadership Teach For All CEO and Co-Founder Wendy Kopp participated in the World Economic Forum including panels and media appearances in order to bring attention to the global nature of educational inequity, the key role of strong leadership at all levels of the system to address that need, and why education needs to be on the global agenda.
lives touched Issue Area
297%
Education Year Founded
Year of new profit Investment
2007
2008
2008 2011
330 81,700
compound annual growth Rate
REvenue
headquarters
67%
New York, NY
compound annual growth Rate
continents with sites
24 New Profit Annual Report 2011-2012
2008
$2.5M
2011 $11.7M
The Mission Continues NEW PROFIT SUPPORT SPOTLIGHT: Impact & Evidence New Profit’s advice and a strategic choice-making workshop conducted by the Monitor Institute guided The Mission Continues’ decision to shift the focus of its model to its fellowships and expand eligibility to all post-9/11 veterans, instead of only wounded and disabled veterans. These shifts will enable the organization to broaden its impact on veterans, host organizations, and communities. New Profit is currently advising Eric Greitens and his team on refining the selection and onboarding of fellows and host organizations to further strengthen the organization’s impact. America Forward is assisting The Mission Continues in leveraging its model to achieve systemic impact through policy related to veteran reintegration.
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$250,000
$15,773
Highlights
Impact
Eric Greitens CEO & Founder Mission
To challenge veterans to serve and lead in communities across America. Model
The Mission Continues awards community service fellowships to post-9/11 veterans, empowering them to transform their own lives by serving others and directly impacting their communities.
A Washington University (St. Louis) study has demonstrated that 86% of The Mission Continues fellows transition to full-time employment and 71% pursue higher education within 6 months of completing their fellowships.
Growth The Mission Continues doubled its number of fellows awarded in 2011 (60 in 2010) and has now placed fellows in over 230 nonprofit and community-based organizations in 41 states plus the District of Columbia. It is on pace to award over 300 fellowships in 2012.
Field Leadership The Mission Continues’ Chief Operating Officer, Spencer Kympton, testified before the United States Senate Subcommittee on Contracting Oversight on the topic of veteran employment and government contractors. During his testimony, Kympton stressed the importance of continued public service in the transition home for members of the Armed Forces.
Recognition The Mission Continues garnered significant national attention and recognition in 2011–12. The organization was named one of the 50 best nonprofit organizations to work for in the U.S. by The NonProfit Times and recognized as one of the Social Venture Network’s 2011 Innovation Award Winners; in addition, Eric Greitens received the prestigious Charles Bronfman Prize for “Challenging Post-9/11 Vets to Serve at Home, Changing Lives and Communities.”
Issue Area
Workforce Development Year Founded
Year of new profit Investment
2007
2011
lives touched 2011
headquarters
St. Louis, MO
124
REvenue 2011
Coalition Member
$7M
DC
State site
New Profit Annual report 2011-2012 25
Turnaround for Children NEW PROFIT SUPPORT SPOTLIGHT: Leadership New Profit provided ongoing consultation to Turnaround for Children management to help it build the strong team it will need for its next stage of growth. This work involved design and implementation of a new organizational structure with several new senior team positions in program development, monitoring and evaluation, development, and talent. In 2012, Turnaround hired a Director of Individual Giving and a Senior Development Officer.
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$500,000
$22,917
Highlights
Impact
Pamela Cantor, M.D. President & CEO Mission
To transform public education so that schools across America are designed to confront the predictable and recurring challenges of poverty to leaders, teachers, and students, leading to improved engagement, social/emotional development, and academic achievement for all students. Model
Turnaround helps schools implement three strategies—a high functioning support system for students of high risk and need, teacher training in high-leverage classroom strategies, and creation, tracking, and measurement of a strategically focused overall school improvement plan. Together, these strategies lay the essential foundation for school transformation and for the success of the implementation of the Common Core and other critical reform efforts.
Among Turnaround’s schools who received NYC progress report grades for both 2010–11 and 2011–12, the percentage receiving “A” or “B” grades improved from 25% to 67%. 85% of teachers surveyed “agreed” or “strongly agreed” that the training they received from Turnaround increased their capacity to establish and maintain classroom productivity.
Recognition In 2012 The New York Times featured Turnaround for Children in an article entitled “Addressing Poverty in Schools” citing the importance of the organization’s work in equipping schools to tackle the challenging effects of their students growing up in poverty while driving their academic growth.
lives touched
* 2009
16,590
2011
12,590
-13%
compound annual growth Rate
America Forward collaboration
REvenue ($MM)*
Issue Area
16%
Education Year Founded
Year of new profit Investment
2002
2010
New York, NY DC
State site
26 New Profit Annual Report 2011-2012
2009
$6.8M
2011
$9.2M
compound annual growth Rate
* The number of Turnaround’s school partners has remained roughly the same, while average school size has decreased
headquarters
Coalition Member
Turnaround for Children partnered with America Forward to create a dashboard of proposed accountabilities and indicators for highly effective schools with children on track for K–12 and post-secondary success. Both organizations are disseminating this and other resources and tools to shape future education policy and support the reform effort on Capitol Hill and within the Obama Administration.
Year Up NEW PROFIT SUPPORT SPOTLIGHT: Leadership & Board Development In 2011, New Profit Managing Partner Lisa Jackson joined the national board of Year Up and worked with the organization on board recruitment. Specifically, she has been helping the organization to identify and attract a racially- and gender-diverse group of potential board members with a range of skills and expertise in immigration, public relations, and fundraising. In 2012, Year Up recruited and brought on two new board members who fulfill these needs.
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$4,880,749
$1,655,320
Highlights
Impact
Gerald Chertavian
In 2011–2012, 84% of Year Up graduates were working or in school full time within four months of graduation.
Founder & CEO 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.
Growth Year Up graduated its largest class ever in February 2012, which comprised 454 graduates across the organization, including the first-ever graduates from Year Up Puget Sound, WA.
Model
Strategy
Year Up provides disconnected 18–24 year olds with six months of professional skills and technical training, followed by a six-month paid apprenticeship at a leading company.
In January 2012, Year Up launched a five-year strategic plan, which will focus on growing and strengthening its core program, developing the Million Person Model—an alternative model that blends the Year Up program with community colleges designed to serve students in much greater numbers, and creating systems change.
Field Leadership In 2012, Gerald Chertavian’s book A Year Up became a New York Times Bestseller, calling for the redefinition of urban young adults as economic assets, instead of deficits. Issue Area
lives touched
Workforce Development Year Founded
Year of new profit Investment
41%
America Forward collaboration 2004
120
2011
1,328
compound annual growth Rate
2000
2005
REvenue
headquarters
46%
Boston, MA
2004 2011
Year Up and America Forward are working with several Republican and Democratic senators on legislation that would authorize a “Pay for Results” pilot, a new financing model where government dollars are paid only if providers achieve intended results for their clients, in the area of workforce development.
$3.5M $50.1M
compound annual growth Rate
Coalition Member DC
State site Community college pilot site
New Profit Annual report 2011-2012 27
Youthbuild USA NEW PROFIT SUPPORT SPOTLIGHT: Leadership & Board Development New Profit is supporting Dorothy Stoneman and YouthBuild USA’s strategy for assuming greater field leadership and advising the organization in building out its national senior team. In 2012, New Profit Partner Tulaine Montgomery formally kicked off her role as Portfolio Manager for YouthBuild and has been offering coaching to YouthBuild on its current Chief Development Officer search as well as fundraising and investor relations more generally.
Total Funding from new profit through 2011
$550,000 Social Entrepreneur
Highlights
Impact
Dorothy Stoneman
In 2010, 78% of enrollees completed the program and 60% of these attained employment or further education.
Founder & CEO
In 2012, CIRCLE at Tufts University released a new study demonstrating YouthBuild’s success as a pathway into leadership for YouthBuild graduates.
Mission
To unleash the intelligence and positive energy of low-income youth to rebuild their communities and their lives through a set of interventions that will ensure high rates of post-secondary completion and credential attainment by program graduates. Model
YouthBuild USA’s post-secondary education initiative supports low-income youth during the transition from second chance high school programs to and through college to productive employment. YouthBuild programs partner with colleges to support YouthBuild students, helping them apply, enroll, and complete two- and four-year degrees. Issue Area
1990
In 2012, with the support of the Department of Labor, YouthBuild launched its postsecondary Learning Network, a cohort of programs targeting the continued expansion and improvement of post-secondary education–related offerings and improved college readiness and success outcomes.
Field Leadership In 2012, YouthBuild USA organized the creation of a National Council of Young Leaders in partnership with seven other organizations.
Recognition Dorothy Stoneman received the 2011 “Call of Service” award from the Phillips Brooks House Association at Harvard University.
lives touched
Poverty Alleviation Year Founded
Strategy
2011
10,000
Year of new profit Investment REvenue
2011
2011
headquarters
Somerville, MA
DC
State site*
*Also Virgin Islands 28 New Profit Annual Report 2011-2012
$34.5M
Coalition Member
name
Ne
w
Inv
es tm e
nt
New Profit Support Title Text
Social Entrepreneur
Total Funding from new profit through 2011
Value of Total Consulting Resources from new profit (Monitor or Other) through 2011
$0
$0
Highlights
Impact text highlight text
Name Title
Growth text highlight text
Mission
text
Strategy
Model
text highlight text
text Issue Area
Field Leadership
text
text highlight text
Recognition text highlight text
America Forward collaboration
lives touched* Year Founded
0
Year of new profit Investment
0%
0
0
text
0
0
676
*compound annual growth Rate
headquarters
state
We invest in the best, so they can reach the most. REvenue ($MM)*
Clockwise: Gathering of Leaders, The Mission Continues, Gathering of Leaders, 0 $0 BUILD, Peace First. Gathering of Leaders Photos: Shannon Finney
0%
0
$0
*compound annual growth Rate
State site
Coalition Member
New Profit Annual report 2011-2012 29
2012 Gathering of Leaders: Professor Mahzarin Banaji and Governor Jeb Bush. Photos: Shannon Finney
approach
Gathering of Leaders We host the annual Gathering of Leaders to catalyze game-changing ideas and initiatives, forge partnerships that get results, and share strategies to overcome America’s most pressing social problems. Participants include leading social innovators and their counterparts from the nonprofit, business, government, philanthropic, academic, and media sectors. The Gathering has been held in February every year since 2005.
$1B+ Amount of institutional philanthropic dollars represented at the 2012 Gathering of Leaders
2012 participants included: Governor Jeb Bush Mayor Kasim Reed
26 Number of states where 2012 Gathering of Leaders participants maintain organizational headquarters
impact
Source of some of the most pioneering ideas and initiatives to come out of the social sector in years, including:
City of atlanta
new models of philanthropy
Mayor A C Wharton, Jr.
a new human capital infrastructure
City of Memphis
Mahzarin Banaji professor, Harvard University
David Simon executive producer, The Wire
James Anderson Bloomberg Philanthropies
Gain insight into barriers to social change and draw on the best ideas from all sectors to craft strategies, develop capabilities, build partnerships, and launch initiatives to propel the broader social innovation movement
the White House Office of Social Innovation and Civic Participation the Social Innovation Fund “I was blown away by the quality of the people that were assembled. The passion, leadership, and vision of the social entrepreneurs who were there was inspiring. I look forward to tapping into the collective knowledge and experience of this group.” Ajay agarwal Bain capital ventures
30 New Profit Annual Report 2011-2012
Learning Communities
Photo: Shannon Finney
approach
Learning Communities Portfolio Learning Communities seek to harness the collective knowledge and wisdom of New Profit’s portfolio to equip senior leaders with insights and actionable solutions to increase each organization’s efficiency, effectiveness, and impact.
88% 93% & 100% Board Leaders at New Profit’s 2012 Board Leader event who reported they made a change to their board based on what they discussed at the 2011 event
Chief Development Officers and Board Leaders respectively reporting that New Profit Learning Community events were better or substantially better than other similar events they had attended
participants included: Current and former New Profit portfolio organizations New Profit portfolio social entrepreneurs Steve Woodsum Board Chair, City Year
89% Chief Development Officers reporting having developed new relationships with peers and funders that were strong enough to maintain following the event
Convene a network of senior Board Chairs and Chief Development Officers for peer learning, collaborative problem solving, and action-oriented discussion Facilitate ongoing collaboration and communication between organizations and leaders Collect, analyze, and share data and effective practices
impact
Facilitated the redesign of a national education reform organization’s development operation and approach to fundraising Jumpstarted the creation of ongoing regional peer learning groups of Chief Development Officers and Board Chairs
David Wick Chief Development Officer, KIPP
Robert Kaplan Harvard Business School, Former Vice Chair, Goldman Sachs
Paul Jansen Founder and Director, Social Sector Office, McKinsey & Company
“I learned so much and was re-inspired to continue my board service with increased energy and passion. Thanks to you for all your effort—and to New Profit for taking on this sort of capacity building” Feedback from a board chair of a New Profit portfolio organization
New Profit Annual report 2011-2012 31
Jonathan Capehart of MSNBC and The Washington Post at America Forward’s Washington Forum. Photo: Shannon Finney
approach
America Forward America Forward is our non-partisan initiative to unite policymakers and thought leaders looking for solutions with social entrepreneurs who have created on-the-ground, replicable organizations that get results. We foster cross-sector partnerships and promote a public policy agenda that invests in social innovation and drives resources to organizations that get results.
49
28
47
900+
Members in the America Forward Coalition
organizations that are members of America Forward’s Education Task Force working to reform ESEA
number of states represented by the America Forward Coalition
Communities strengthened by America Forward Coalition Organizations
participants 49 innovative, results-driven organizations committed to increasing social mobility serve as members of the America Forward coalition (full list on next page) Melody Barnes Former Director, Domestic Policy Council, Executive Office of the President
Speaker, The Washington Forum Doug Holtz-Eakin President, American Action Forum Former Director, Congressional Budget Office
Speaker, The Washington Forum
Advance collective policy platforms via the America Forward Coalition Incubate, launch, and lead cutting edge ideas Support policies that promote social innovation and service Develop organizations’ policy and systems change capacities
impact
Provided initial legislative language and successfully advocated for funding the Social Innovation Fund (SIF) Inspired the creation of the White House Office of Social Innovation and Civic Participation Helped shape major bipartisan federal education bill in 2011 “America Forward provided the insight, expertise and connections we needed to build a coalition behind national legislation. Our G.I. Bill Civilian Service Option has the potential to change the way we welcome veterans home, giving millions of recent veterans the opportunity to serve in their communities. Our partnership with New Profit and America Forward has multiplied our impact on the lives of those we serve.” ERIC greitens the mission continues
32 New Profit Annual Report 2011-2012
the america forward coalition America’s Promise Alliance
Genesys Works
Reading Partners
Appletree Institute for Education Innovation
Global Citizen Year
REDF
GreenLight Fund
Root Cause
Be The Change, Inc.
“I Have a Dream” Foundation
Save the Children
BELL
iMentor
SeaChange Capital Partners
Blue Ridge Foundation New York
Invest in Outcomes
Single Stop USA
BUILD
Juma Ventures
Social Enterprise Alliance
Citizen Schools
Jumpstart
Teach For America
City Year
KIPP
The Children’s Aid Society
College Forward
LIFT
The Mission Continues
College Possible
MATCH Schools
Turnaround for Children, Inc.
College Summit
New Leaders
Twin Cities RISE!
Commongood Careers
New Sector Alliance
uAspire (formerly ACCESS)
Echoing Green
Peace First
Year Up
Eye-To-Eye
Peer Health Exchange
YouthBuild USA
Everybody Wins! USA
Playworks
Youth Villages
Generation Citizen
Public Allies
Standing shoulder to shoulder with leaders, we remove obstacles and clear the way to impact. We build networks of excellence to multiply their efforts. And we won’t stop until together we’ve redefined possible. Left to right: First Place for Youth, The Mission Continues, Single Stop USA
New Profit Annual report 2011-2012 33
our Story of Growth & Impact New Profit’s fourteen-year track record of impact is fueled by growth in the number of investors, the size of their commitments, our portfolio’s performance, and increased community-building for collective action around a social innovation agenda.
Portfolio
$60M
$175M
$400M
portfolio revenue
portfolio revenue
portfolio revenue
2000
1999 first portfolio investment: Citizen Schools 1999 created first balanced scorecard for jumpstart
2005
2007
2004 Graduated first alumni organization: Working Today
2007 Made first reinvestment: Year Up
Field Building 2007 Launched America Forward
2005 Convened first Gathering of Leaders Gathering of Leaders
Commitments 1998 Monitor Group becomes signature partner
1998
New Profit Founded
34 New Profit Annual Report 2011-2012
2003 reached $15M in total commitments
2005
2006 reached $45M in total commitments
2007
$800M portfolio revenue
2012
Peace First
2010 Received $25M Social Innovation Fund grant
2012 made first for-profit investment with Acelero Learning
2012 Reached 38 Investments Made 2012 Reached 9 Reinvestments Made
America Forward
2008 $350M Social Innovation Fund authorized by Congress
2009 created proprietary growth diagnostic
2010 launched Portfolio Learning Communities
2012 won first U.S. Pay-ForSuccess Grant with partner, Third Sector Capital Partners
2012 reached $189M in total commitments
2008 reached $114M in total commitments YouthBuild USA
2008
2012
New Profit Annual report 2011-2012 35
Associate Partner Joined New Profit:
2010
Family Independence Initiative
New Profit team spotlight
Genesys Works New Leaders
Chris Herron Chris leads key aspects of New Profit’s work related to performance measurement and reporting for the Portfolio Investing Team. Chris is the former CEO of the Internet startup, The Daily Jolt, a Facebook predecessor, and was an independent consultant for Nonprofit Finance Fund and Root Cause.
Managing Director Joined New Profit:
Managing Partner, Portfolio Investments
2005
Joined New Profit:
Achievement First iMentor
Single Stop USA
KIPP
Year Up
2011
National College Advising Corps
Doug Borchard
Lisa R. Jackson, PH.D
Doug co-leads New Profit Inc., managing finances and internal operations, in addition to advising organizations. He is the former Vice President of Prospecting Solutions at Dun & Bradstreet, consultant at Bain & Company, and co-founder of iMarket, Inc., a sales and marketing software provider.
Amanda Clark Mac Mullan
Managing Partner, Chief Development Officer Joined New Profit:
Amanda focuses on discovering and developing philanthropic partnerships by communicating with individuals and foundations about New Profit’s mission in order to connect their philanthropic objectives with New Profit’s strategic goals. She has extensive experience in resource development for nonprofits and educational institutions, including The Fessenden School, Harvard Law School, MIT, and Boston University.
2012
Eliza Greenberg Eliza leads planning and operations for the Portfolio Investment Team, as well as growing efforts in our early childhood initiative. She held a number of leadership roles for the City of Boston under Mayor Menino’s administration. Eliza began her career by counseling adolescents and families at Bridge Over Troubled Waters.
Managing Director Joined New Profit:
2011
Acelero Learning New Leaders
Tripp Jones Tripp co-leads New Profit, guiding the organization’s plans for future growth and impact. Most recently, Tripp was Executive V.P. with The MENTOR Network, co-founded the independent, nonpartisan think tank MassINC, and served in Massachusetts state government where he served as staff director of the committee responsible for Massachusetts’ landmark 1993 Education Reform Act.
Founder & Managing Director Founded New Profit: 1998 College Summit The Mission Continues Stand for Children
Partner Joined New Profit:
2011 First Place for Youth Health Leads
36 New Profit Annual Report 2011-2012
Lisa leads the Portfolio Investment Team. She oversees strategy, works on fundraising and investor relations, and advises organizations. She was previously an assistant professor of education at Boston College and the former Vice President of Research at the Center for Effective Philanthropy.
Vanessa Kirsch With more than 20 years of experience in developing innovative solutions to social problems, New Profit’s Founder and Mangaging Director Vanessa Kirsch is widely recognized as a leading social entrepreneur. Prior to launching New Profit, Vanessa founded Public Allies, a national youth organization, and the Women’s Information Network, an organization that provides support, training, and political access to young women.
Senior Partner, Leadership Transformation
Partner, Pathways Fund Joined New Profit:
Joined New Profit:
2011
2009
Family Independence Initiative
YouthBuild USA
Advisor: Teach for All
College Possible
Advisor: KIPP
Tulaine Montgomery
Diana Smith
Tulaine helps design and guide all aspects of the Pathways Fund and advises Pathways portfolio organizations. She was the founder and president of New Resource Strategies, which consulted with missiondriven organizations. Tulaine was also a co-founder of Citizen Schools and held numerous positions there, including Chief Training Officer.
Diana helps social entrepreneurs turn their organizations into strong platforms for growth. She has published multiple articles as well as three books: The Elephant in the Room, Divide or Conquer, and Action Science. Diana is also a thought leader at Monitor Group and co-founder of Action Design, specializing in organizational learning.
Lance Potter
Deborah Smolover
Lance leads evaluation for New Profit. He guides measurement strategy, assists portfolio organizations to develop and implement mentoring and evaluation systems and directs program improvement studies. He was previously with the Bill and Melinda gates Foundation and the Corportation for National Service.
Director of Evaluation Joined New Profit:
2011
Deborah is the Executive Director of America Forward, New Profit’s national policy initiative that unites social innovators with policymakers to advance policies which foster innovation, reward results, and engage all sectors. Previously, Deborah served as U.S. Associate Deputy Attorney General, V.P. of the I Am Your Child Foundation, and Policy Director at both Yale Child Study Center and Turnaround for Children.
Executive Director, America Forward Joined New Profit:
2011
Senior Partner Joined New Profit:
2004
LIFT
Partner
Management Leadership for Tomorrow
Genesys Works
Joined New Profit:
turnaround for Children
2008
Peer Health Exchange
Elizabeth Riker Elizabeth focuses on mentoring the Portfolio Investment Team, while also advising New Profit’s organizations, and working closely with its social entrepreneurs. A former strategy consultant for Monitor Group and Arthur D. Little, she has worked across the private, public and nonprofit sectors. Elizabeth has also led education development projects in Latin America and West Africa.
Marci Spector Marci leads New Profit’s investment selection process to identify and select outstanding social entrepreneurs. She is a co-founder of Impact Pediatrics International, Inc., an organization created to improve the well-being of children worldwide. Marci previously worked in healthcare investing and consulting at Perry Capital and The Advisory Board Company.
Partner Joined New Profit:
2006
BUILD New Teacher Center Peace First Stand for Children
Shruti Sehra Shruti ensures organizations receive the support and resources they need from New Profit and Monitor Group. She also oversees New Profit’s reporting efforts and organization-specific performance. Prior to New Profit, Shruti managed a political campaign, started a nonprofit organization, and held quality management positions in manufacturing.
Kim Syman Kim oversees New Profit’s ecosystemsbuilding work, including communications, America Forward, and the Gathering of Leaders. She has held several roles at New Profit, and was a member of the founding team that helped conceptualize and develop the organization. Previously, Kim was at City Year and the Green Mountain Horse Association.
Managing Partner Joined New Profit:
2002 AVANCE
New Profit Annual report 2011-2012 37
board of directors Greg Avis
Dr. Michael Lomax
Founding Managing Director, Summit Partners
President & Ceo, United Negro College Fund
Josh Bekenstein (Chair)
Bill McClements
Managing Director, Bain Capital
Svp Corporate Operations, Merrimack Pharmaceuticals
Ed Cohen
Duncan M. McFarland
President, Carlin Ventures, Inc.
The Bromley Charitable Trust
Paul Edgerley
Mark E. Nunnelly
Managing Director, Bain Capital
Managing Director, Bain Capital
Paul S. Grogan
Jim Pallotta
President & Ceo, The Boston Foundation
Chairman And Managing Director, Raptor Capital Management
Stephen M. Jennings
Elizabeth Riley
Director & Managing Partner, Monitor Group
Adjunct Professor, Babson College
James J. Jensen
Laurene S. Sperling
Managing Trustee, The Jenesis Group
Sperling Family Charitable Foundation
Vanessa Kirsch
Jeffrey C. Walker
Founder And Managing Director, New Profit Inc.
Chairman, Mdg Health Alliance-Chw
Blaze a trail through never. Chart a course straight
past impossible. Ask why not in a world of why bother. Left to right: iMentor; College Possible; Teach For All; Blair Taylor, Desh Deshpande, and Nancy Van Milligen at America Forward’s Washington Forum. Photo: Shannon Finney
38 New Profit Annual Report 2011-2012
investors Anonymous Avis Family Foundation Andrew and Melora Balson Bain Capital Steve and Deb Barnes Bain Capital Thomas C. Barry Josh and Anita Bekenstein Bain Capital
Nancy C. and Dale Dougherty Foundation Kate and Bill Duhamel Paul and Sandy Edgerley Bain Capital Michael and Barbara Eisenson Charlesbank Capital Partners Lance Fors Social Venture Partners International
Open Society Foundations James and Kim Pallotta Saul Pannell and Sally Currier Peery Foundation Pershing Square Foundation Sarah Peter Rainwater Charitable Foundation
The Jenesis Group
Geoffrey and Laura Rehnert Audax Group
JPMorgan Chase Foundation
Elizabeth G. Riley and Daniel E. Smith Robin Hood Foundation
Blue Ridge Foundation New York
Professor Robert S. Kaplan and Ellen L. Kaplan Harvard Business School
Bromley Charitable Trust
Kathleen Kelley
Michael and Lisa Bronner
The Kresge Foundation
Maurice and Luly Samuels Convexity Capital Management
Kevin and Julie Callaghan Berkshire Partners
Lawrence and Michelle Lasser
David and Jocelyn Belluck Riverside Partners Bezos Family Foundation
The Samberg Family Foundation
Ruchir Sehra and Karen Underwood Jeffrey Shames
Carnegie Corporation of New York
Jonathan and Jeannie Lavine Bain Capital/Sankaty Advisors
Randi and Larry Cohen Family Foundation
Seth and Cindy Lawry
Sperling Family Charitable Foundation
Matt and ReneĂŠ Levin Bain Capital
State Street Foundation
Lovett-Woodsum Foundation
Lizzie and Jonathan M. Tisch
Laura DeBonis and Scott Nathan
Leon Lowenstein Foundation, Inc. on behalf of Tom and Kathryn Bendheim
Tower Family Fund
John Doerr
Mannion Family Foundation
The Peter and Elizabeth C. Tower Foundation
Doran Family Charitable Trust
Douglas and Audrey Miller International Private Equity Limited
Jeffrey C. and Suzanne C. Walker
George and Patsy Conrades Akamai Technologies, Inc. Dancing Tides Foundation
Dorot Foundation
Stephen and Kristin Mugford
Brian and Stephanie Spector
Peter and Laurie Thomsen
D. Brooks and Linda Zug HarbourVest Partners, LLC
New Profit Annual report 2011-2012 39
supporters Anonymous
Bill Miracky and Tammany Hobbs Miracky
Alan Batkin
Bansi Nagji
Dan and Robin Catlin
Gregg Petersmeyer
Howard P. Colhoun Family Foundation
Mark and Marie Schwartz
Jim and Meredith Cutler
John and Barbara Sherman
Matt Fates
Julie Sherman and Ben Seigal
Paul Grogan
Paul Solman and Janet Freeman
John LeClaire and Ruth Hodges
Gary Syman & Azita Raji
Alan and Harriet Lewis
Jane and Hooker Talcott
Ashish Karamchandani
PARTNERS Monitor Group Signature Partner Knight Foundation Goodwin Procter Legal Counsel Corporation for National and Community Service/Social Innovation Fund
New opportunities. NEW expectations. NEW results. NEW rules. Left to right: KIPP, College Possible, BUILD, KIPP
40 New Profit Annual Report 2011-2012
FINANCIALS corporation and foundations 13%
Operating Revenue
Monitor group services 6% Other In-kind services <1%
$18,114,815
Individuals and Family Foundations
$2,414,728
Federal Government: Social Innovation Fund
$3,380,500 $1,626,670 $86,760 $25,623,473
FederaL Government: Social innovation fund 9%
Individuals and Family Foundations 71%
Corporation and Foundations Monitor Group services Other in-kind services total operating revenue
Operating Expenses Program Services
$10,809,587 monitor group services 7%
Action tank 12%
Administration 10%
Grantmaking
$3,535,585
Portfolio Management
$2,707,724
Action Tank
$1,626,670
Monitor Group services
Fundraising 6%
$18,679,566
Program Services Total (84%) Supporting Services
Grantmaking 48%
Portfolio management 16%
$2,270,549
Adminstration
$1,368,379
Fundraising
$3,638,928
Support Services Total (16%)
$22,318,494
Total Operating Expenses
New Profit Annual report 2011-2012 41
Two Canal Park, Cambridge, MA 02141 617-252-3220 www.newprofit.com info@newprofit.com 2011â&#x20AC;&#x201C;2012 Annual Report
Cover photo information: Courtesy: New Teacher Center and O.S. Hubbard Elementary School
Written and produced by New Profit Inc. Designed by J Sherman Studio LLC julie@jshermanstudio.com