New Profit 2009-2010 Annual Report
-
Upload
new-profit-inc -
Category
Documents
-
view
217 -
download
1
description
Transcript of New Profit 2009-2010 Annual Report
Board of directors
Greg Avis Managing Partner SuMMit PartnerS
Josh Bekenstein (Co-Chair) Managing Director Bain caPital
Ed Cohen PreSiDent carlin VentureS, inc.
George Conrades executiVe chairMan akaMai technologieS, inc.
Paul Edgerley Managing Director Bain caPital
Mark Fuller (Co-Chair) chairMan anD ceo Monitor coMPany grouP, l.P.
Paul Grogan PreSiDent anD ceo the BoSton FounDation
James J. Jensen the JeneSiS grouP
Vanessa Kirsch PreSiDent anD FounDer new ProFit inc.
Dr. Michael Lomax PreSiDent anD ceo uniteD negro college FunD
Tristin Mannion
Bill McClements chieF huMan reSourceS oFFicer integreon
Duncan M. McFarland
Mark Nunnelly Managing Director Bain caPital
Jim Pallotta raPtor caPital ManageMent
Elizabeth Riley aDJunct ProFeSSor BaBSon college
Laurene Sperling
Jeffrey C. Walker chairMan MilleniuM ProMiSe
Portfolio organizations and social entrePreneurs
Current Investments
Achievement First Doug Mccurry anD Dacia toll
BUILD Suzanne Mckechnie klahr
College Summit J.B. SchraMM
Genesys Works raFael alVarez
iMentor Mike o’Brien
Jumpstart JaMeS cleVelanD
KickStart Martin FiSher
KIPP Schools richarD Barth
Management Leadership for Tomorrow John rice
LIFT kirSten loDal
New Leaders for New Schools Jon Schnur
New Teacher Center ellen Moir
Peer Health Exchange louiSe DaViS
Project HEALTH reBecca onie
Rare Brett JenkS
Right To Play Johann koSS
Stand for Children Jonah eDelMan
Teach For All wenDy koPP
Year Up geralD chertaVian
Past Investments
BELL tiFFany cooPer gueye
Citizen Schools eric Schwarz
Computers for Youth eliSaBeth Stock
Freelancer’s Union Sara horowitz
Girls For A Change whitney SMith
Kids Voting USA rachel williS
Teach For America wenDy koPP
Upwardly Global nikki cicerani
overview
Since 1998, new Profit has helped a portfolio of innovative social entrepreneurs build their organizations and scale their social impact. new Profit believes that just as entrepreneurship and invention have driven our nation’s progress, so too can we harness america’s spirit of innovation, vision, and optimism to help solve our most pressing social problems.with the support of individual investors and our signature partner, Monitor group, new Profit provides multi-year financial and strategic support to social entrepreneurs and their organizations working in education, workforce development, public health, and other areas. we also seek to help build an environment in which all innovative social entrepreneurs and their organizations may realize their full potential for social impact.
in 2004, we developed the action tank—a group within new Profit that works beyond the bounds of individual organizations to reshape our institutions and more effectively allocate resources for problem solving. the action tank’s annual Gathering of Leaders convenes social innovators from across sectors to advance the impact of social entrepreneurship, while the nonpartisan america Forward initiative connects social sector innovators and their partners with policymakers, legislators, and thought leaders.
through these efforts, and in partnership with our network, we aspire to inform policy, improve capital markets for social innovations, and advance a national dialogue about how we can dramatically improve opportunities for individuals, families, and communities.
At A GlAnce
Founded 1998
cambridge, Ma
$114 million raised since inception
27 investments made since inception
50+ individual investors currently in the new Profit fund
$50.2 million in resources donated by Monitor group to new Profit since inception
314 monitor group consultants have participated in new Profit projects since inception
1
tAble of contents
Table of ContentsPoRTFoLIo
Portfolio Performance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2Achievement First . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5BUILD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6College Summit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7Genesys Works . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8iMentor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9Jumpstart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10KickStart . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11KIPP Schools . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12LIFT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13Management Leadership for Tomorrow . . . . . . . . . . . . 14New Leaders for New Schools . . . . . . . . . . . . . . . . . . . . . . . . 15New Teacher Center . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16Peer Health Exchange. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17Project HEALTH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18Rare . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19Right To Play . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20Stand for Children . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21Teach For All . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22Year Up . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
ACTIoN TANK
Gathering of Leaders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24America Forward . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Investors, Supporters, and Partners . . . . . . . . . . . . . . . . . . . . . 26Financials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
2009-10 AnnuAl report
2
all current and past investments from 1999-2008 (growth from year prior to
investment through 2008)
all award winners from inception through 2008; new Profit portfolio organizations excluded from
sample (growth from 2004-2008)
15 nonprofits from 1999-2007 included in the november 2004 Bridgespan report, “growth of youth
Serving organizations”; new Profit portfolio organizations excluded from sample (growth 1999-2008)
Data drawn from the national center for charitable Statistics
(growth from 1998-2008)
0 5 10 15 20 25 30 35 40
36%
20%
16%
2%
% CAGR FoR REVENUE
New Profit Portfolio
Fast Company Social CapitalistAward Winners
Bridgespan Study: High-Growth YouthService Nonprofits
Average U.S. Youth Service Nonprofits(revenue between $1M and $100M)
New Profit’s portfolio organizations are among the fastest growing and highest-impact nonprofits in the sector. We target a 30 percent compound annual growth rate (CAGR) for revenue and a 40 percent CAGR for lives touched for the overall portfolio. In 2009, performance of the current portfolio exceeded growth targets, realizing a 35 percent CAGR for revenue and a 40 percent CAGR for lives touched.
Portfolio Performance
Portfolio revenue Growth CoMPARED To oTHER HIGH-GRoWTH oRGANIzATIoNS
New Profit has benchmarked the portfolio’s revenue growth (the most comparable and objective available measure of growth) with three other sets of organizations. Our portfolio significantly outperforms the other high-growth groups identified by Fast Company magazine and a Bridgespan study, as well as the average U.S. youth service nonprofit.
3
portfolio performAnce
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
6.622.7
43.3 56.3 66.3 77.5
117.3
194.4
285.3
388.4
457.7
0
50
100
150
200
250
300
350
400
450
500
MIL
LIo
NS
oF
Do
LLA
RS
revenue growth: 1999-2009
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 20090
300,000
600,000
900,000
1,200,000
1,500,000
LIV
ES T
oU
CHED
2,365
142,424 157,041226,537 258,238
333,512
582,045
759,909
1,209,986
1,359,926
1,600,000
35% revenue ($MM)
current PortFolio weighteD aVerage
cagr through 2009
40% Lives Touched
current PortFolio weighteD aVerage
cagr through 2009
lives touched: 1999-2009
* current portfolio excludes all past investments. cagrs represent rates from the year before new Profit’s investment through 2009, and portfolio averages are weighted by the size of new Profit’s cash commitment. new investments (new teacher center) and organizations in their first year in the portfolio (iMentor) are not included in current portfolio cagr calculations. rare was omitted from the overall portfolio calculation of lives touched due to its disproportionately higher number. teach For all was omitted from the overall portfolio calculation of lives touched due to its disproportionately rapid growth driven by the organization’s affiliate model; it was also omitted from the revenue calculation because 2008 was teach For all’s first year of financial activity.
revenue Growth and lives touched
Photo: Julie Keefe
Photo: ethan Pines
5
portfolio
SoCIAL ENTREPRENEURS
2007YEAR oF INVESTMENT
$1,050,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$338,963VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
New Haven, CTHEADqUARTERS
EducationDoMAIN
2003YEAR FoUNDED
Dacia TollCo-CEo & President
Doug McCurry Co-CEo & Superintendent
more online
WWW.NEWPRoFIT.CoM/ACHIEVEMENTFIRST
Discover the core principles Achievement First combines to foster student success.
sPotlight on suPPort
Achievement First, working with a Monitor Group coach, refined and implemented a new organizational structure that better supports both the anticipated growth of the organization, as well as the long-term evolution of its leadership team. This project builds off of previous work supported by a Monitor case team to hone Achievement First’s organizational structure.
Fiscal year end: 6/30
highlights
amistad-elm city high in new haven, ct, expanded to serve its first class of 12th graders, with 100 percent of its students accepted into college.
achievement First received more than 3,500 applications for 500 open seats in its new york lottery—generating more than seven applicants for every open seat.
in fall 2009, achievement First opened two new schools (one high school and one middle school) in new york city, increasing its total number of schools to 17 and students served to 4,500.
Forbes magazine featured achievement First in its 2010 May cover story, “what educators are learning from Money Managers.”
Achievement Firstmission
to deliver on the promise of equal educational opportunity for all of america’s childrenmodelAchievement First’s network of K-12 public charter schools focuses on academic achievement and character education, a rigorous curriculum, strategic use of data, and aggressive teacher training and support to drive student gains.
58% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE
58.3
17.9
2006
48% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
930
3,651
2006 2009
2009
6
2009-10 AnnuAl report
more online
WWW.NEWPRoFIT.CoM/BUILD
What prompted Suzanne McKechnie Klahr to found BUILD?
Fiscal year end: 6/30
highlights
each of BuilD’s 68 graduates was accepted to at least one college during the academic year, including acceptances to Brown university, uc Berkeley, ucla, and the university of Pennsylvania.
after a successful pilot year operating in one washington, Dc, charter school, BuilD launched its first program in the Dc Public School system.
in 2009, the corporate executive Board (ceB) recognized BuilD as one of nine innovative organizations that will receive philanthropic support and services from ceB.
sPotlight on suPPort
BUILD, with support from New Profit, launched Local Advisory Boards in Palo Alto, Oakland, and Washington, DC. This process, in addition to further development work with BUILD’s national Board of Directors, will help support the organization’s efforts to scale its reach and impact.
BUILDmission
to provide real-world entrepreneurial experience that empowers youth from under-resourced communities to excel in education, lead in their communities, and succeed professionallymodelThrough an academic elective taught between 9th and 12th grades, BUILD uses entrepreneurship to help low-income youth apply academic skills in real life, propelling them through high school and into college.
36% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE
37% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
2007 2009
249
462
2007 2009
1.8
3.4
2008YEAR oF INVESTMENT
$518,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$105,168VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
Menlo Park, CAHEADqUARTERS
EducationDoMAIN
1999YEAR FoUNDED
Suzanne McKechnie Klahr CEo & FounderSoCIAL ENTREPRENEUR
7
portfolio
2002YEAR oF INVESTMENT
$1,430,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$1,873,390VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
Washington, DCHEADqUARTERS
EducationDoMAIN
1993YEAR FoUNDED
J.B. Schramm Founder & CEoSoCIAL ENTREPRENEUR
sPotlight on suPPort
College Summit partnered with New Profit and the Nonprofit Finance Fund to organize and synthesize all elements of a $45 million growth capital campaign, including the program, finances, and risks of the campaign. This collaborative work also helped College Summit better communicate to potential growth capital funders and bolster its campaign.
more online
WWW.NEWPRoFIT.CoM/CoLLEGESUMMIT
What is College Summit’s recipe for success for improving college enrollment rates at low-income high schools?
Fiscal year end: 4/30
highlights
according to a recent independent evaluation, the college enrollment rate of students participating in the college Summit program is 20 percent higher, on average, than the baseline rate of their peers.
college Summit completed its Proof Plan in 2009, achieving 40 percent average annual growth in students served and increasing its reach from 3,600 to 17,500 seniors.
in 2010, President obama chose college Summit as one of 10 organizations to receive his nobel Peace Prize funds, signaling the importance of improving college enrollment nationally and college Summit’s role in this effort.
College Summitmission
to increase the college enrollment rate of low-income students nationwidemodelCollege Summit helps seniors in partner high schools plan for college, trains teachers and counselors to build a college-going culture, equips students to mentor their peers, and helps schools track and use results.
18.7
2.1
2001
44% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE
17,500
946
2001 2009
2009
31% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
8
2009-10 AnnuAl report
*Fiscal year end: 12/31; CAGRs are not calculated for organizations in their first year in the portfolio (2009-2010 investments).
more online
WWW.NEWPRoFIT.CoM/GENESYSWoRKS
Learn about Genesys Works' plans for expansion by 2012.
sPotlight on suPPort
Genesys Works, with strategic support from New Profit, is strengthening and building out its organizational capacity. This effort includes working to build a highly engaged National Board and a talented headquarters team that will spearhead an agenda of controlled growth and increased impact. New Profit also plans to engage with Genesys Works to create a multi-year strategic growth plan and attract increased philanthropic support.
highlights
For the last four years, more than 95 percent of program graduates have enrolled in and attended college, and 75 percent are either still enrolled in college or have completed their degrees.
genesys works’s corporate model has attracted more than 50 major corporations, 94 percent of which stay engaged for multiple years.
in 2008, genesys works opened its first expansion site in St. Paul, Minnesota. in 2010, genesys works opened its chicago office and completed a feasibility study for new york city.
President obama commended genesys works for being a “creative, results-oriented program” during the launch of the white house office of Social innovation.
Genesys Worksmission
to enable urban high school students to enter and thrive in the economic mainstream by providing them the knowledge and work experience required to succeed as professionalsmodelGenesys Works selects urban high school seniors to participate in a 14-month program that provides job training, internships with one of the organization’s corporate partners, and weekly evening workshops that emphasize job performance, college application guidance, and scholarship assistance.
Houston, TXHEADqUARTERS
Youth DevelopmentDoMAIN
2002YEAR FoUNDED
312
3.1
Lives Touched*
revenue ($MM)*
2009
2009
Rafael Alvarez Founder & CEoSoCIAL ENTREPRENEUR
2010neW inVestment
9
portfolio
•Fiscal year end: 6/30; CAGRs were not calculated for organizations in their first year in the portfolio (2009-2010 investm
ents). more online
WWW.NEWPRoFIT.CoM/IMENToR
iMentor helped Laurie and Marie—an unlikely pair—form a relationship that changed both their lives.
sPotlight on suPPort
iMentor is working with New Profit to hone its long-term vision and strategy for achieving impact for its New York mentoring program and iMentor Interactive. New Profit is helping the iMentor leadership team think through some of the strategic and programmatic choices involved in refining its impact to align with iMentor’s ultimate vision of success.
highlights
in 2009, 92 percent of students in iMentor’s nyc mentoring program graduated from high school, compared to nyc’s average graduation rate of 61 percent. eighty-two percent enrolled in college, compared to the national average of 33 percent.
More than 50 organizations are serving more than 6,000 mentor/mentee pairs using the online mentoring platform, iMentor interactive.
iMentor celebrated its 10th anniversary with a gala in new york city in early June 2010. with more than 700 attendees, the event raised $4 million.
iMentormission
to improve the lives of high school students from underserved communities through innovative, technology-enabled mentoringmodeliMentor provides both a direct service, high school-based mentoring program focusing on mentees’ academic success and a fee-for-service, web-based mentoring platform with the goal of improving mentoring programs in schools and youth organizations.
2009YEAR oF INVESTMENT
$350,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
New York, NYHEADqUARTERS
EducationDoMAIN
1999YEAR FoUNDED
Mike o’BrienCEoSoCIAL ENTREPRENEUR2008 2009
738
4,063 Lives Touched*
revenue ($MM)*
2008 2009
3.4
5.1
10
2009-10 AnnuAl report
Fiscal year end: 8/31; CAGRs are calculated from 2008, the date of N
ew Profit’s reinvestm
ent in Jumpstart.
8% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE*
more online
WWW.NEWPRoFIT.CoM/JUMPSTART
Children who lack proficiency in reading and writing by third grade are at a significantly higher risk of failing or dropping out of school—Jumpstart is changing this.
sPotlight on suPPort
Jumpstart, working with a Monitor Group case team, engaged in strategy work to broaden its presence in several high-profile communities by building strong collaborations among local organizations in the pre-kindergarten learning space. This streamlined model will scale Jumpstart’s impact and provide case studies of what can happen when entire communities invest in early childhood education and address the achievement gap at an early stage.
highlights
in 2009, Jumpstart preschoolers made 29 percent average gains in school readiness skills, four percentage points higher than their peers who did not participate in the Jumpstart program.
in 2010, Jumpstart engaged nearly 3,500 caring adults to provide more than 6,000 low-income preschoolers with key language and literacy skills to better prepare them for school and to help close the achievement gap before it begins.
in 2009, Jumpstart’s national event, Read for the Record, reached 1.6 million children, increasing public awareness of the crisis in early literacy. the event was featured on the toDay show.
Jumpstartmission
to realize the day every child in america enters school prepared to succeedmodelJumpstart builds literacy and language skills in young children by matching motivated college students and community volunteers with preschool children in caring and supportive relationships for an entire school year.
2000-2006TERM oF oRIGINAL INVESTMENT
2008YEAR oF REINVESTMENT
$1,733,600ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$2,331,950VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
Boston, MAHEADqUARTERS
EducationDoMAIN
1993YEAR FoUNDED
James ClevelandPresidentSoCIAL ENTREPRENEUR
14,000
12,000
2007 20094% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE* 16.2
2007 2009
15
11
portfolio
Fiscal year end: 6/30 more online
WWW.NEWPRoFIT.CoM/MFISHER
Meet Founder and CEo Martin Fisher and discover how and why he developed KickStart.
sPotlight on suPPort
KickStart, supported by a Monitor Group case team, completed a strategy project to determine the best organizational structure and associated decision-making practices to support its growth. As a result, KickStart has initiated searches for several key members of a new leadership team including a Managing Director/Chief Operations Officer in Africa, and a VP of Development & External Relations in San Francisco.
highlights
Based on the number of pumps sold during 2009, kickStart estimates it moved nearly 81,000 people out of poverty.
kickStart operates retail sales in kenya, tanzania, Mali, and Burkina Faso, and is working to find more efficient ways to distribute products. through sales to ngos and governments, kickStart’s pumps are distributed in 23 countries.
kickStart was sought as an expert on food security and poverty issues in africa for a number of international panels, including a uSaiD forum and the world economic council.
KickStartmission
to help millions of people out of poverty by developing and marketing affordable, durable, and easy-to-use technologiesmodelKickStart develops and markets tools like manual irrigation pumps to African farmers who use the tools to establish small enterprises and generate wealth.
$500,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$665,969VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
Martin Fisher Founder & CEoSoCIAL ENTREPRENEUR
2005YEAR oF INVESTMENT
San Francisco, CAHEADqUARTERS
Economic DevelopmentDoMAIN
1991YEAR FoUNDED
2004 2009
20% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
2.6
6.4
2004 2009
26,053
25% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE
80,669
12
2009-10 AnnuAl report
Fiscal year end: 6/30
more online
WWW.NEWPRoFIT.CoM/KIPPSCHooLS
KIPP leverages the efforts of students, parents, teachers, and school leaders to create a school-wide culture of achievement.
sPotlight on suPPort
KIPP, with support from a Monitor Group case team and New Profit, developed strategic imperatives to help drive the organization and set priorities for the network of 82 schools and the national organization over the next five years. This process included interviewing school leaders, regional leaders, and board members, as well as staff from the KIPP Foundation, to understand the perspectives of different stakeholders.
highlights
through 2009, 85 percent of kiPP students who completed eighth grade at kiPP matriculated to college, compared to 33 percent of low-income students nationally.
kiPP opened 18 schools in 2009-10, increasing the kiPP network to 82 schools. Progressing toward its goal to evolve into a k-12 system, 13 of the 18 new schools were elementary or high schools.
a 2010 Mathematica Policy research report found that kiPP schools typically have a statistically significant impact on student achievement, and that these academic gains are large enough to substantially reduce race- and income-based achievement gaps.
KIPP Schoolsmission
to create a national network of public schools that helps students from underserved communities develop the knowledge, skills, and character needed to succeed in college and the competitive world beyondmodelThrough more time in school, a rigorous college-preparatory curriculum, and a strong culture of achievement and support, KIPP students make significant academic gains and continue to excel in high school and college.
2006YEAR oF INVESTMENT
$1,008,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$1,480,421VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
San Francisco, CAHEADqUARTERS
EducationDoMAIN
1994YEAR FoUNDED
Richard BarthCEoSoCIAL ENTREPRENEUR
17,484
6,122
2005
30% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE
2009
26.1
14.6
2005
16% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
2009
13
portfolio
more online
WWW.NEWPRoFIT.CoM/LIFT
LIFT volunteers helped Maria avoid homelessness and transform her life.
Fiscal year end: 6/30 sPotlight on suPPort
With the help of New Profit and Monitor Group consultants, LIFT built its five-year operating and revenue plan, coupled with a new organizational structure. The plan focuses on growing LIFT’s presence and deepening its impact in Chicago, Boston, New York, Philadelphia, and Washington, DC.
highlights
liFt increased the number of clients served in five core metro areas from 3,700 to nearly 5,200 over the past year, and the number of meetings per client rose 16 percent.
Focusing on its core geographies, liFt opened additional site locations in chicago and washington, Dc, and increased the number of public benefits applications submitted by 200 percent in new york and 106 percent in Dc.
kirsten lodal was recognized as a Scholar at the aspen institute’s ideas Festival in 2009.
LIFTmission
to combat poverty and expand opportunity for all people in the united StatesmodelLIFT volunteers work with low-income community members to help them find jobs, secure safe and stable housing, access public benefits, and obtain quality referrals for services like childcare and healthcare.
2007YEAR oF INVESTMENT
$925,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$768,500VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
Washington, DCHEADqUARTERS
Economic DevelopmentDoMAIN
1998YEAR FoUNDED
Kirsten LodalCEo & Co-FounderSoCIAL ENTREPRENEUR
2006 2009
5,111
6,2597% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE
2006 2009
1.51.7
4% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
14
2009-10 AnnuAl report
Fiscal year end: 12/31
more online
WWW.NEWPRoFIT.CoM/MANAGEMENTLEADERSHIP
MLT offers four target programs to help minorities prepare for and succeed in their careers.
sPotlight on suPPort
MLT, with support from New Profit, developed and successfully launched MLT’s first social entrepreneurship boot camp for MBA Prep Fellows in 2009. Roughly 88 percent of Fellows applied to attend the summer boot camp, signifying an increasing interest in the field of social entrepreneurship. These Fellows gained skills to enable them to join organizations in the social sector, including consulting firms, direct service organizations, foundations, and government agencies.
highlights
Mlt continues to be the number one source of minority students for the nation’s top business schools (nearly 40 percent of minority MBa students at harvard, kellogg, and wharton are Mlt alumni) and for top corporations, including google and goldman Sachs.
Mlt launched its career advancement Program (caP), which provides coaching to high-potential, mid-career professionals to help them advance to senior leadership positions.
Mlt was featured on cnn’s Black in America 2: Tomorrow’s Leaders, the number one cable news documentary of 2009, resulting in a record number of program applicants.
Management Leadership for Tomorrowmission
to fundamentally change the face of leadership in america by preparing high-potential minorities for senior leadership in corporations, nonprofit organizations, and entrepreneurial venturesmodelIn partnership with leading corporate, nonprofit, foundation, and MBA partners, MLT provides the skills, coaching, personalized career mapping, and relationships needed to help high-potential minorities succeed on the fast-track to executive leadership.
2006YEAR oF INVESTMENT
$800,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$1,004,162VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
New York, NYHEADqUARTERS
Workforce DevelopmentDoMAIN
1994YEAR FoUNDED
John RiceFounder & CEoSoCIAL ENTREPRENEUR
4.6
1.2
2005
40% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
2009
393
183
2005
21% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE
2009
15
portfolio
sPotlight on suPPort
With support from New Profit, New Leaders for New Schools developed the Proof Point Project, a pilot initiative in partnership with the Aspen Institute and a network of education reform leaders and organizations, to focus on policy and implementation challenges of advancing effective education reform at scale. The specific goals are to improve academic achievement for low-income students by translating evidence of successful reforms at the school and program levels into effective strategies and practices in states and school systems across the country.
highlights
For three consecutive years, the ranD corporation has found that students in elementary and middle schools with a new leaders for new Schools principal in place for three or more years have significantly greater academic achievement gains than comparable district schools.
new leaders for new Schools placed principals in an additional 52 schools in the 2009-2010 academic year, bringing its total schools served to 311.
the ash institute for Democratic governance and innovation selected new leaders for new Schools, in partnership with the chicago Public School District, as a 2009 “innovations in american government” winner.
Fiscal year end: 6/30; New
Leaders principals served the first students in 2002 after an initial program developm
ent period.
New Leaders for New Schoolsmission
to ensure high academic achievement for every student by attracting and preparing outstanding leaders and supporting the performance of the urban public schools they leadmodelNew Leaders for New Schools recruits and trains individuals to become urban school principals who then assume principalship positions during which they and their schools receive ongoing coaching.
more online
WWW.NEWPRoFIT.CoM/NEWLEADERS
New Leaders is leveraging leadership development for principals to meet ambitious targets for student achievement in 2014.
2001YEAR oF INVESTMENT
$1,665,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$2,344,210VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
New York, NYHEADqUARTERS
EducationDoMAIN
2000YEAR FoUNDED
Jon SchnurCEo & Co-FounderSoCIAL ENTREPRENEUR2002
2000
2009
2009
7,500
60% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE*
42% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
1.7
40.1
198,000
16
2009-10 AnnuAl report
more online
WWW.NEWPRoFIT.CoM/NEWTEACHERCENTER
First-year teacher Taiesha Woodson-Durham’s relationship with a New Teacher Center mentor helped her overcome the seemingly insurmountable task of improving student reading proficiency levels.
*Fiscal year end: 6/30 CAGRs are not calculated for organizations in their first year in the portfolio (2009-2010 investments)
sPotlight on suPPort
New Teacher Center, with support from New Profit, is in the midst of an organizational transformation designed to focus its talent and resources on using a comprehensive, fully-integrated teacher induction model to drive student achievement in school systems across America. Through this transformation, NTC will also work to hone and scale its two core delivery models and invest in better testing and evaluation strategies.
highlights
a Mathematica Policy research study, which included ntc, found that comprehensive teacher induction led to a sizeable and statistically significant impact on student achievement in mathematics and reading.
ntc is delivering induction programs and/or induction policy consultation in 36 states and the District of columbia. ntc’s online mentoring program, eMSS, delivers mentoring services to new teachers in all 50 states.
in april, ellen Moir was invited to testify in front of the Senate’s health, education, labor and Pensions committee regarding the re-authorization of the elementary and Secondary education act.
New Teacher Centermission
to improve student learning by accelerating the effectiveness of teachers and school leadersmodelNew Teacher Center (NTC) partners with school districts to implement new teacher induction programs that match new teachers with carefully selected veteran teacher mentors who help provide ongoing professional training.
Santa Cruz, CAHEADqUARTERS
EducationDoMAIN
1998YEAR FoUNDED
Ellen MoirCEo & FounderSoCIAL ENTREPRENEUR
2010neW inVestment
26,818
17.7
Lives Touched*
revenue ($MM)*
2009
2009
17
portfolio
Fiscal year end: 6/30; *PHE launched in N
ew York City in 2004 and com
pleted its first year of high school workshops in 2005.
sPotlight on suPPort
Peer Health Exchange, with help from New Profit, is working to understand, develop, and innovate upon its model. This process includes hiring a Director of Program Development, creating a Board Program Committee, and engaging a third-party evaluator to support an innovation agenda within the organization. Through this work, Peer Health Exchange hopes to deepen the impact of its model. Peer Health Exchange also piloted four new program elements over the past year, two of which will be rolled out across the network during the 2010 school year.
highlights
in 2009, nearly 90 percent of students in Peer health exchange workshops said they will use knowledge they learned from the workshops to make a healthy decision, while 57 percent said they had already used information gained from the workshops.
Peer health exchange recruited volunteers at university of Southern california and ucla, and raised capital to launch a new site in los angeles in fall 2010.
Peer health exchange was asked to be one of 10 service organizations featured in Mayor Michael Bloomberg’s announcement of new york city Service, a new initiative to support civic engagement in the city.
more online
WWW.NEWPRoFIT.CoM/PEERHEALTHEXCHANGE
Peer Health Exchange effectively uses college volunteers to teach health education, positively impacting lives of high school students.
Peer Health Exchangemission
to give teenagers the knowledge and skills they need to make healthy decisionsmodelPeer Health Exchange trains college students to teach a comprehensive health curriculum made up of 12 standardized health workshops with topics ranging from sexual health to nutrition.
2005YEAR oF INVESTMENT
$800,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$27,000VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
San Francisco, CAHEADqUARTERS
Public HealthDoMAIN
2003YEAR FoUNDED
Louise DavisCo-Founder & Executive DirectorSoCIAL ENTREPRENEUR
2005
2004
2009
2009
500
100% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE*
61% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
0.2
2.0
8,000
18
2009-10 AnnuAl report
Fiscal year end: 8/31; FY09 revenues and lives touched reflect data collected from a
14-month period due to a change in fiscal year from
June 30 to August 31.
more online
WWW.NEWPRoFIT.CoM/PHIMPACT
Take a closer look at how the Project HEALTH model is improving health outcomes for families in poverty.
sPotlight on suPPort
Project HEALTH, with support from Monitor Group, Bain Capital, and the Nonprofit Finance Fund, created a four-year strategic plan, associated growth capital campaign, and earned revenue strategy. Early market signals indicate that hospitals are willing to pay for Project HEALTH’s services—an important validation of the market value of these services to the health care system. Currently, Project HEALTH has earned income partnerships with Hasbro Children’s Hospital in Providence, RI, Johns Hopkins Medical Center in Baltimore, MD, and several other health care institutions.
highlights
During 2009, Project health’s 560 volunteers assisted nearly 5,000 low-income patients and their families in accessing the food, housing, education, and employment resources they need to be healthy.
over the next four years, Project health will launch nine new Family help Desks and engage more than 1,400 volunteers annually to create a total of nearly 25,000 resource connections.
First lady Michelle obama featured Project health in her address at TIME's celebration of the 100 world’s Most influential People. rebecca onie also received the Macarthur “genius” Fellow award and the John F. kennedy new Frontier award.
Project HEALTHmission
to create a health care system that addresses social determinants of health as a standard part of patient caremodelProject HEALTH’s clinic-based Family Help Desks, staffed by student volunteers, expand doctors’ capacity to connect patients with food, housing, and other benefits they need to be healthy.
2007YEAR oF INVESTMENT
$908,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$823,989VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
Boston, MAHEADqUARTERS
Public HealthDoMAIN
1996YEAR FoUNDED
Rebecca onieFounder & CEoSoCIAL ENTREPRENEUR
4,84128% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE*
2,239
2006 2009
2
4.1
2006
38% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE*
2009
19
portfolio
Fiscal year end: 9/30; *Rare began estimating annual lives touched in 2006.
more online
WWW.NEWPRoFIT.CoM/RAREPRIDE
Journey to Kenya and explore the context, method, and impact of a Rare Pride campaign.
sPotlight on suPPort
Rare, assisted by a Monitor Group case team, implemented a new program model that will boost the efficiency of its Pride campaigns and enable more rapid growth. This model involves the simultaneous launch of 12 campaigns focused on a single conservation issue in each of Rare’s four geographic regions. These thematic cohorts share the same geography, threat, and intervention strategy. This model is expected to enable more dramatic and sustainable growth, lower costs per campaign, and improve program quality.
highlights
in 2009, rare supported 63 international Pride campaigns—reaching 882 communities. Forty-six percent of target communities adopted more conservation-friendly behaviors.
in 2010, rare will train 40 local conservationists to run Pride campaigns reaching approximately 3.2 million people worldwide.
in 2010, collaborating with the world wildlife Fund, the nature conservancy, and others, rare launched Pride campaigns at 22 sites across the coral triangle, promoting sustainable fisheries and impacting more than 4.5 million hectares of ocean and approximately 700,000 people.
Raremission
to conserve imperiled species and ecosystems around the world by inspiring people to care about and protect naturemodelRare trains local leaders to implement two-year social marketing initiatives called Pride campaigns, which mobilize communities to preserve their valuable and unique natural heritage.
2006YEAR oF INVESTMENT
$1,075,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$312,528VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
Arlington, VAHEADqUARTERS
EnvironmentDoMAIN
1973YEAR FoUNDED
Brett JenksPresident & CEoSoCIAL ENTREPRENEUR
2005 2009
24% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
5.4
12.8
2006 2009
2,800,000
3,591,000
9% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE*
20
2009-10 AnnuAl report
Fiscal year end: 12/31
more online
WWW.NEWPRoFIT.CoM/ RIGHTToPLAY
Right To Play uses sport and play to improve outcomes in four development areas.
sPotlight on suPPort
Right To Play, with support from New Profit, increased its U.S. and international fundraising capacity. Key elements of this process included the development of the U.S. Board of Directors, a reorganization of U.S. fundraising efforts, and the definition of roles between headquarters and six country-based fundraising offices.
highlights
nearly 78 percent of leaders in Makeni and Freetown, Sierra leone, said that right to Play activities decreased negative behaviors among children participating in the programs. in Benin, 89 percent of leaders said right to Play programs contribute to the community.
in 2009, right to Play reached 700,000 children through weekly sport and play activities and programming.
at the 2010 olympic winter games in Vancouver, B.c., more than 100 olympians, including right to Play “athlete ambassadors” from 12 countries, participated with visitors in right to Play games, signed autographs, and contributed to fundraising efforts.
Right To Playmission
to improve the lives of children in some of the most disadvantaged areas of the world by using the power of sport and play for development, health, and peacemodelWorking in both the humanitarian and development contexts, Right To Play trains local community leaders as coaches to deliver its programs in Africa, Asia, the Middle East, and South America.
2005YEAR oF INVESTMENT
$805,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$1,461,750VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
Toronto, CanadaHEADqUARTERS
Youth DevelopmentDoMAIN
2000YEAR FoUNDED
Johann KossPresident & CEoSoCIAL ENTREPRENEUR
700,000
22.6
2004
36% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE
150,000
6.7
2004
27% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
2009
2004
21
portfolio
Fiscal year end: 12/31 more online
WWW.NEWPRoFIT.CoM/STANDFoRCHILDREN
Learn about Stand for Children’s plans for expansion by 2012.
sPotlight on suPPort
Stand for Children, with support from New Profit, created a competency model for the State Executive Director position. A series of interviews and group sessions uncovered the key characteristics, behaviors, and values necessary for an individual to successfully fulfill the role. This work has assisted in the development of four additional competency models, all of which are critical to Stand’s efforts to recruit, select, on-board, and develop new talent needed for growth.
highlights
in late 2009 and 2010, Stand helped win game-changing education reform victories that tie teacher evaluations to student performance, raise caps on charter schools, and hold school systems accountable for student success in tennessee, Massachusetts, arizona, and colorado.
in 2009, Stand expanded its reach into arizona and colorado and increased the number of students impacted by its 4,543 members from 1.1 million in 2008 to nearly 1.7 million.
the accio education Fund selected Stand from a pool of more than 120 applicants to receive a multi-year grant to facilitate Stand’s entry into arizona and advance education reform efforts in the state.
Stand for Childrenmission
to develop leaders who use the power of grassroots action to help all children get the excellent public education and strong support they need to thrivemodelStand for Children builds local chapters of concerned citizens, providing them with training and coaching in leadership and policy advocacy to improve public education at the local and state levels.
2008YEAR oF INVESTMENT
$875,500ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$204,810VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
Portland, oRHEADqUARTERS
EducationDoMAIN
1999YEAR FoUNDED
Jonah EdelmanFounder & CEoSoCIAL ENTREPRENEUR
Phot
o: Ju
lie K
eefe
2007 2009
3,150
20% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE
2007 2009
34% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
2.7
4.8
4,543
22
2009-10 AnnuAl report
Fiscal year end: 9/30; *A revenue CAGR w
as not calculated because Teach For All’s first year of financial activity occurred in 2008.
Wendy KoppChief Executive officer & Co-FounderSoCIAL ENTREPRENEUR
more online
WWW.NEWPRoFIT.CoM/TEACHFoRALL
Explore how Teach For All is helping global education entrepreneurs adapt and implement the successful Teach For America and Teach First models.
sPotlight on suPPort
Teach For All, with help from a Monitor Group case team, is examining its organizational structure to determine the most appropriate and effective model for each in-country program. After realizing the substantial challenges of scaling a U.S.-based program model to a host of international countries, Teach For All and Monitor are working to develop a cohesive oversight and support structure, through which Teach For All can provide affiliates with the necessary support from the central organization.
highlights
the network supports 11 new partners in argentina, australia, chile, china, estonia, germany, india, israel, latvia, lebanon, and Peru, which will collectively reach more than 37,000 students in 2010. including founding partners, teach For america and teach First, the network will impact approximately 700,000 students in 2010.
teach For all is formalizing partnerships with emerging programs in Brazil, Bulgaria, Malaysia, Pakistan, and Spain, while fielding interest from entrepreneurs worldwide and growing to approximately 50 countries by 2014.
in 2010, teach For all secured more than $7 million in support, including recognition as Deutsche Post Dhl’s premier education initiative.
Teach For Allmission
to expand educational opportunity internationally by increasing and accelerating the impact of the independent social enterprises in the global networkmodelTeach For All supports independent social entrepreneurs by providing them with technical assistance and resources to strengthen programs and organizations, and a high-impact network of teaching participants and alumni.
2008YEAR oF INVESTMENT
$1,000,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
New York, NYHEADqUARTERS
EducationDoMAIN
2007YEAR FoUNDED
18,241
330
2007
643% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE*
2009
7.2
n/a
2007
revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE*
2009
23
portfolio
Fiscal year end: 12/31 more online
WWW.NEWPRoFIT.CoM/YEARUP
Learn how Year Up is closing the opportunity divide for 18-24 year olds.
sPotlight on suPPort
Year Up engaged in strategy work with support from New Profit and a Monitor Group case team to examine program scalability and explore measures to deepen its program impact in each city. This strategy also focuses on influencing national policy to support programs providing workforce development services to disconnected youth.
highlights
within four months of graduation, 74 percent of 2009 year up graduates were employed at jobs earning an average of $14.71 per hour.
year up launched in atlanta, ga, in the spring of 2009. in fall 2010, year up will be opening a chicago site and will launch a satellite site in Baltimore, piloting a college program in partnership with the community college of Baltimore county.
in June 2009, President obama visited year up’s national capital region site as he celebrated responsible fathers.
2010 marks the 10th anniversary of year up. it has grown from 22 students in 2001 to serving more than 1,000 young adults in 2010.
Year Upmission
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 educationmodelYear Up provides disconnected 18 to 24 year olds with six months of professional skills and technical training, followed by a six-month paid apprenticeship at a leading company.
2005YEAR oF INVESTMENT
$1,660,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009
$1,149,503VALUE oF ToTAL CoNSULTING RESoURCES FRoM NEW PRoFIT (MoNIToR oR oTHER) THRoUGH 2009
Boston, MAHEADqUARTERS
Workforce DevelopmentDoMAIN
2000YEAR FoUNDED
Gerald ChertavianFounder & CEoSoCIAL ENTREPRENEUR
2004 2009
120
46% Lives TouchedCoMPoUND ANNUAL GRoWTH RATE
796
2004 2009
47% revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE
3.5
24.4
24
2009-10 AnnuAl report
featured outcomes 2005-2010
Advancing a Social Innovation Agenda the america Forward initiative emerged from Gathering discussions, and has, with the support of the Gathering community, achieved its first milestones garnering bi-partisan legislation that advances a social innovation agenda.
$100 Million in New Funding the Gathering has helped to generate more than $100 million in new support for social entrepreneurs and social innovation and spurred capital markets research in the sector.
Human Capital Development the Gathering has helped spark the development of search firms specializing in high-growth entrepreneurial nonprofits and has exposed participants to human capital development strategies and resources across organizations and sectors.
Gathering of Leadersthe Gathering of Leaders convenes innovators from the public, private, philanthropic, and nonprofit sectors to spark the development of new ideas, relationships, and resources that can help build stronger organizations, overcome barriers to scale, and dramatically improve opportunities for children, families and communities. The Gathering has created an enduring platform to advance the impact of social entrepreneurship. Through our convening strategy, we aspire to develop initiatives to transform public problem solving, create innovative market-based solutions to pressing social problems, and ultimately release our collective potential to drive change.
action tank
the action tank emerged from new Profit's desire to help social entrepreneurs realize significantly greater impact on the tough, systemic problems they aspire to solve. we believe that the impact any single organization can have on education, workforce development, public health, or poverty—while real and meaningful—is limited, and will never be enough to fix our broken systems and truly transform our society. For this reason, in 2004 we began to develop the idea for an "action tank"—a group within new Profit that works beyond the bounds of
individual organizations to reshape our institutions and more effectively allocate resources for problem solving. we believe that all sectors have an important role to play in transforming our approach to the challenges we face, and improving opportunities for individuals, families, and communities. through a range of strategies, the action tank aspires to bridge the sectors, bringing the transformative power of social innovation to bear on our most persistent challenges.
25
Action tAnk
America Forwardlaunched in 2007, america Forward is a non-partisan initiative that brings together policymakers and leaders from across sectors to unite public and private resources with the impact of social innovations. advanced by a coalition of more than 90 innovative organizations and their partners, the initiative seeks to build a platform for innovators and government to promote innovation, competition, accountability, and impact in the way we solve social problems.In 2009, America Forward focused on the implementation of its policy agenda. Marked by the adoption of social innovation policy by leading policymakers from both sides of the political aisle and the passage of the Edward M. Kennedy Serve America Act, America Forward achieved its three initial goals.
the social innoVation fundWith unprecedented bi-partisan support, the President signed the Edward M. Kennedy Serve America Act, establishing the Social Innovation Fund. The fund, a new private-public investment vehicle, will demonstrate an innovative approach to social problem solving in which the Federal government serves as a catalyst of innovation in the social sector by leveraging the capabilities and resources of philanthropy to identify, invest in, scale, and measure the effectiveness of social innovations. In FY 2010, the Social Innovation Fund will award $50 million in Federal funding, which will be leveraged 3:1 by private philanthropy, generating a total public-private investment of nearly $200 million.
scaling national serViceThe Edward M. Kennedy Serve America Act marked a momentous advancement for the national service community by scaling service opportunities by more than three-fold, increasing AmeriCorps grants, establishing Corps to focus on education, the environment, and other critical areas, and instituting new programs and initiatives across the country.
the White house office of social innoVation and ciVic ParticiPationEstablished by the Obama Administration, the White House Office of Social Innovation and Civic Participation works to catalyze and coordinate efforts throughout Federal government and across sectors to incorporate the principles of innovation, accountability, and results into how we address our country’s greatest social problems.
26
2009-10 AnnuAl report
Anonymous
Carol and Howard Anderson
Avis Family Foundation
Melora and Andrew Balson Bain caPital
Steve and Deb Barnes Bain caPital
Josh and Anita Bekenstein Bain caPital
David and Jocelyn Belluck riVerSiDe PartnerS
Kathy Bendheim
Tom Bendheim leon lowenStein FounDation, inc.
Bromley Charitable Trust
Kevin and Julie Callaghan BerkShire PartnerS
Randi and Larry Cohen Family Foundation
George and Patsy Conrades akaMai technologieS, inc.
Doran Family Charitable Trust
Nancy C. and Dale Dougherty Foundation
Paul and Sandy Edgerley Bain caPital
Michael and Barbara Eisenson charleSBank caPital PartnerS
Bruce and Bridgitt Evans SuMMit PartnerS
David H. Feinberg the FeinBerg law grouP, llc
Domenic and Molly Ferrante BrookSiDe caPital, llc
Mark Fuller and Jo Froman Monitor coMPany grouP, l.P.
Goodwin Procter Community Fund *
Sue and Mike Hazard
The Jenesis Group
Leslie Sennott and Bill Johnston
Jr. Bain Capital Community Fund *
Professor Robert S. Kaplan and Ellen L. Kaplan harVarD BuSineSS School
Kathleen Kelley
Florence Koplow
Lawrence and Michelle Lasser
Jonathan and Jeannie Lavine Bain caPital/Sankaty aDViSorS
Seth and Cindy Lawry
Matthew and Renée Levin Bain caPital
Lovett-Woodsum Foundation
Mannion Family Foundation
Douglas and Audrey Miller international PriVate equity liMiteD
Stephen and Kristin Mugford
Scott Nathan and Laura DeBonis
Mark Nunnelly and Denise Dupré Bain caPital
Steve and Judy Pagliuca Bain caPital
Mr. & Mrs. James J. Pallotta
The Pershing Square Foundation
Geoffrey and Laura Rehnert auDax grouP
Maurice and Luly Samuels conVexity caPital ManageMent
Elizabeth G. Riley and Daniel E. Smith
The Samberg Family Foundation
Ruchir Sehra and Karen Underwood
Jeffrey Shames Mit Sloan School oF ManageMent
Brian and Stephanie Spector
Sperling Family Charitable Foundation
Peter and Laurie Thomsen
Lizzie and Jonathan M. Tisch
Tower Family Fund
Jeffrey C. and Suzanne C. Walker
Mr. and Mrs. D. Brooks zug harBourVeSt PartnerS, llc
Investorsour investors are passionate about creating the highest possible social impact with their philanthropy. we are immeasurably grateful for their contributions to our work.
27
investors, supporters, And pArtners
Supporterseach year both individuals and foundations inspired by new Profit’s work make financial contributions to our fund. we are honored by these contributions, and deeply appreciative of their support.
Anonymous
American Express
Jill and Ned Bicks
Ben Binswanger
William Boesch
Carleon Capital Partners
Katherine Carlone
Clayton Christenson
Dorot Foundation
Howard P. Colhoun Family Fund
Carolyn and Philip Cunningham
Dancing Tides Foundation
Matt R. Fates and Katherine Schlesinger Fates
Peter and Karen Giorgio
Colin Gounden and Alyson Gounden Rock
Adam W. Greenberg
Tucker and Vicky Levy
Roger Clinton Mader
Bill Miracky and Tammy Hobbs Miracky
Bansi Nagji
Thomas Nagle
Max Nibert
Rosen Family Fund
Robert J. Samuelson
Julie Sherman and Ben Seigal
Gary Syman
Jane and Hooker Talcott
Mieka and David Wick
Howard and Candice Wolk
* Goodwin Procter Community Fund
Mark Bettencort and Kristen Shea
Mark and Liz Burnett
Martin Carmichael and Lisa Gruenberg
Stephen Charkoudian and Evelyn Talmo
R. Todd and Lisa Cronan
Howard and Ivy Cubell
John Egan and Maura Connolly
Richard Floor
Mike Kendall and Alida Coo-Kendall
John LeClaire and Ruth Hodges
Mark and Lisel Macenka
William Mayer
Gilbert Menna
Regina Pisa
William and Roberta Schnoor
* Jr. Bain Capital Community Fund
Matthew Armstrong
Philip Dreyfuss
Kevin Hettrich
Amitabh Jhawar
Eric Kinariwala
Alessandro G. Lazzarini
Christopher Lyle
Joshua Lynn
Altaf Mackeen
Vera Makarov
Nicholas Marchitto
Adam Nebesar
Vijay Jun Patel
Stephen Roszak
Phillip Ryder
Nathan Sanders
Peter Spring
Dave Stein
Aaron Yuan
Partnersnew Profit benefits from valuable partnerships with companies and foundations that share our commitment to helping social entrepreneurs and their organizations realize their full potential for social impact.
Monitor group Signature Partner
goodwin Procter Legal Counsel
John S. and James l. knight Foundation
Dorot Foundation
28
2009-10 AnnuAl report
Financials
exPenses
$2,500,393 Monitor group Services
$5,000,500 grantmaking
$2,062,222 Portfolio Management
$2,207,978 Field Building
$1,861,745 administrative/Fundraising
$2,000,000 cash reserve
$15,632,838 total
2009 highlights
$21,268,136 total new cash commitments to new Profit
11.9% administrative expenses as percentage of total expenses
other highlight since 1998
$114,007,931 total cash commitments to new Profit
$50,219,346 Value of cumulative Monitor group pro-bono contributions
314 number of Monitor group consultants who have participated in new Profit projects
sources of reVenue
$2,500,393 Monitor group Services
$1,150,400 Foundations
$10,401,008 individuals
$1,581,037 Pre-Paid capital from 2009
$15,632,838 total
67% Individuals
7% Foundations
16% Monitor Group Services
10% Pre-Paid Capital From 2009
32% Grantmaking
16% Monitor Group Services
14% Field Building
12% Administrative/ Fundraising
13% Cash Reserve
13% Portfolio Management
PhilanthroPic giVing
2009-10 Annual Report
Jennifer Anderson Director of Communications [email protected]
Molly Day Portfolio Analyst
Matt Taylor Portfolio Analyst
J Sherman Studio llc [email protected]
neW Profit inc.
Jennifer Anderson Director oF coMMunicationS
Jeff Berndt Managing Partner, chieF DeVeloPMent oFFicer
Doug Borchard Managing Partner, chieF oPerating oFFicer
Danielle Boudreau Director oF inVeStor relationS
Addie Chamberlain SPecial ProJectS Manager
Kelly Cognac executiVe aSSiStant
Laura Coleman chieF oF StaFF
Gena Davis eVentS aSSociate
Molly Day PortFolio analySt
Sarah Di Troia Managing Partner
Kevin Greer ProJect Manager, PortFolio learning
Lisa Guy talent coorDinator
Chris Herron Manager, PortFolio teaM
Jessica Hunt executiVe aSSiStant
Vanessa Kirsch PreSiDent anD FounDer
Jen Lau DeVeloPMent aSSiStant
Jacqueline Lewis Director, conVeningS Strategy
Rod McCowan Partner
Katie Pakenham
Jen Porter ProJect Manager, PathwayS FunD
Kathryn Price Director oF oPerationS anD talent
Amy-elizabeth Provost executiVe aSSiStant
Julia Rafal Manager, urBan aSSetS
Alicia Reed Director oF PartnerShiPS
Will Reynolds Partner
Elizabeth Riker Managing Partner
Shruti Sehra Partner
Rachel Shatten Manager, aMerica ForwarD
Kelly Shearon online coMMunicationS Manager
Diana Smith chieF executiVe Partner
Chapman Snowden inVeStor relationS
Marci Spector aSSociate Partner
Kim Syman Managing Partner, Director oF action tank
Matt Taylor PortFolio analySt
Laurie Thomsen Partner
two canal Park, cambridge, Ma 02141 | 617.252.3220 | www.newprofit.com
a lift client; photo taken by tony Brunswick, chief operating officer of liFt, at the liFt Family Portrait Project, april 2010.