New Schools Fund

Organization Overview

New Schools Fund, operating under the name Newschools Venture Fund, is located in Oakland, CA. The organization was established in 1998. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, Newschools Venture Fund employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newschools Venture Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Newschools Venture Fund generated $41.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $46.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Newschools Venture Fund has awarded 842 individual grants totaling $242,717,921. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NEW SCHOOLS FUND'S MISSION IS TO IMPROVE PUBLIC EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VENTURE FUNDING AND SUPPORT: NEWSCHOOLS RAISES PHILANTHROPIC DOLLARS AND INVESTS THEM IN ENTREPRENEURS AND TEAMS OF EDUCATORS. WE FIND, FUND, AND SUPPORT ORGANIZATIONS THAT ARE REIMAGINING EDUCATION. IN ADDITION TO PROVIDING FINANCIAL ASSISTANCE, NEWSCHOOLS ALSO PROVIDES ADDITIONAL RESOURCES INCLUDING CONVENINGS, ACCESS TO RESEARCH, PARTICIPATION IN A COHORT, AND MANAGMEENT ASSISTANCE, OUR INVESTMENT AREAS ARE INNOVATIVE PUBLIC SCHOOLS, DIVERSE LEADERS, LEARNING SOLUTIONS AND RACIAL EQUITY.


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Board, Officers & Key Employees

Name (title)Compensation
Frances Messano
President/secretary
$420,199
Amy Omand
Cfo/treasurer
$270,232
Heather Mcmanus
Chief People Officer
$240,694
Miho Kubagawa
Partner
$216,935
Jason Atwood
Director
$208,215
Lionel Bialis-White
Partner
$203,987

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Education Analytics Inc
Project Consulting
$380,000
Kelvin Education Inc
Project Consulting
$310,800
Edsolutions Inc
Project Consulting
$265,000
Bellwether Education Partners
Project Consulting
$288,318
Nwea
Project Consulting
$299,995
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$35,927,290
Noncash contributions included in lines 1a–1f $7,523,356
Total Revenue from Contributions, Gifts, Grants & Similar$35,927,290
Total Program Service Revenue$1,177,819
Investment income $93,434
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,020,151
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $41,218,694

Grants Awarded

Over the last fiscal year, New Schools Fund has awarded $33,486,000 in support to 159 organizations.

Grant RecipientAmount

IMPACT PUBLIC SCHOOLS

Org PageRecipient Profile

Tukwila, WA

PURPOSE: INNOVATIVE SCHOOLS

$565,500

ALDINE INDEPENDENT SCHOOL DISTRICT

PURPOSE: INNOVATIVE SCHOOLS

$525,000

Hastingsonhudson, NY

PURPOSE: LEARNING SOLUTIONS

$517,500

ACHIEVEMENT FIRST INC

Org PageRecipient Profile

New Haven, CT

PURPOSE: LEARNING SOLUTIONS

$505,000

EDUCATION PIONEERS INC

Org PageRecipient Profile

Boston, MA

PURPOSE: LEARNING SOLUTIONS

$500,000

CATALYST EDUCATION INC

Org PageRecipient Profile

New Orleans, LA

PURPOSE: LEARNING SOLUTIONS

$500,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 12 grants that New Schools Fund has recieved totaling $18,081,570.

Awarding OrganizationAmount
Chan Zuckerberg Initiative Foundation

Palo Alto, CA

PURPOSE: MATH EXECUTIVE FUNCTION PROJECT

$4,770,000
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: K-12 EDUCATION

$3,300,355
Benificus Foundation

San Carlos, CA

PURPOSE: GENERAL PURPOSE

$3,010,636
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Education

$2,600,000
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: K-12 EDUCATION

$1,875,379
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: K-12 EDUCATION

$1,500,000
View Grant Recipient Profile

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