Program areas at New Profit
Portfolio - transformthrough our transform investments, we provide grantee-partners a $3m+ multi-year, unrestricted grant and deep advisory support. A dedicated New Profit deal partner serves as a trusted advisor to the social entrepreneur and as a member of the organization's board of directors. Our support is geared toward supporting leadership teams and boards that are navigating significant inflection points in their growth and aiming to drive large-scale impact in their field. Our grantee-partners are driving impact in democracy, education, economic mobility, and health.
Portfolio - portfolio performance & supportnew Profit assumes a variety of roles including with grantee-partners including advisor, coach, and board member in order to provide strategic guidance geared towards building organizations' key capabilities. We believe that increases in these capabilities - including leadership, impact model, strategic management and planning, and economic model - are the necessary foundation for impact, scale, and reach and sustainability, in the long-term. Throughout the investment period, New Profit also invites grantee-partners and alumni to take part in convenings that bring together peer organizations, field experts, and philanthropic players from across our national network.
Grants made by New Profit
Who funds New Profit
Grants from foundations and other nonprofits
Personnel at New Profit
Name | Title | Compensation | Date of data |
---|
Doug Borchard | Managing Partner , Chief Operating Officer | $260,640 | 2024-10-22 |
Ian Magee | Managing Partner , Chief Financial Officer | $352,855 | 2023-12-31 |
Shruti Sehra | Managing Partner , Ecosystem Bldg and Ed | $244,031 | 2023-12-31 |
Vanessa Kirsch | Founder in Residence and Senior Partner | $444,313 | 2024-10-20 |
Matrika Bailey-Turner | Chief of Staff | $161,895 | 2024-10-20 |
...and 21 more key personnel |
Financials for New Profit
Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
---|
Total grants, contributions, etc. | $71,496,194 | $21,717,666 | 229.2% |
Program services | $105,877 | $160,125 | -33.9% |
Investment income and dividends | $3,271,689 | $278,559 | 1074.5% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $74,873,760 | $22,156,350 | 237.9% |
Organizations like New Profit
Organization | Type | Location | Revenue |
---|
Opportunity Finance Network (OFN) | 501(c)(3) | Philadelphia, PA | $24,971,319 |
Battle Creek Unlimited (BCU) | 501(c)(3) | Battle Creek, MI | $19,224,833 |
Invest Detroit | 501(c)(3) | Detroit, MI | $24,220,233 |
Local Initiatives Support Corporation | 501(c)(3) | New York, NY | $290,171,184 |
Financial Health Network (CFSI) | 501(c)(3) | Chicago, IL | $19,220,654 |
Icast | 501(c)(3) | Lakewood, CO | $21,039,992 |
Hoosier Uplands Economic Development Corporation | 501(c)(3) | Mitchell, IN | $21,400,001 |
Spruce Root | 501(c)(3) | Juneau, AK | $20,825,542 |
Community Reinvestment Fund (CRF) | 501(c)(3) | Minneapolis, MN | $55,474,462 |
Craft3 | 501(c)(3) | Astoria, OR | $19,219,259 |
Data update history
October 20, 2024
Updated personnel
Identified 4 new personnel
July 8, 2024
Received grants
Identified 3 new grant, including a grant for $100,000 from Tower Family Fund January 21, 2024
Updated personnel
Identified 4 new personnel
January 14, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsLobbyingNational levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 99 Bedford St 500
- Boston, MA 02111
- Metro area
- Boston-Cambridge-Newton, MA-NH
- County
- Suffolk County, MA
- Website URL
- newprofit.org/Â
- Phone
- (617) 912-8800
- Facebook page
- newprofitincÂ
- Twitter profile
- @newprofitÂ
IRS details
- EIN
- 04-3396766
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1997
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Current - Awaiting Reporting
- FTB status revoked
- Not revoked
- AG Registration Number
- CT0195967
- FTB Entity ID
- None yet
- AB 488 data last updated ("as-of") date
- 2024-12-04
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