Community Improvement & Capacity Building
New Profit Inc
BOSTON, MA
Total revenue
$33.6M
Total expenses
$43.7M
Net assets
$118.2M
Grants received
$163.4M
212 grants
EIN
043396766
Tax year
2024
Mission
New profit is a venture philanthropy organization that catalyzes the impact of social entrepreneurs who are expanding access and opportunity in america. We provide capital, capacity, and community to a portfolio of organizations to increase their impact, scale, and sustainability. And we partner with social entrepreneurs, philanthropists, and cross-sector leaders to shift how the philanthropic sector pursues social change and ensures that everyone in america can thrive. Since 1998, new profit has invested over $350m in 275+ high-impact organizations serving more than 35 million people in all 50 states.
Programs
4 programs
See schedule o.
See schedule o.
Portfolio catalyze through our catalyze investments, we provide $100k unrestricted grants, strategic advice, and a peer learning community over one to two years. Our cohort-based model enables social entrepreneurs to build community with peers and participate in a series of in-person convenings and webinars. This programming is designed to support organizations deepening their impact and scaling their models by tackling key leadership and organizational challenges they face.our grantees are driving impact in education, health, criminal justice reform, democracy, and economic mobility.
Portfolio - portfolio performance & supportnew profit assumes a variety of roles with grantees 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 sustainability, in the long-term. Throughout the grant term, new profit also invites grantees and alumni to take part in convenings that bring together peer organizations, field experts, and philanthropic players from across our national network.
Financials
FY 2024
Revenue
Expenses
People
33 listed
TULAINE MONTGOMERY
CEO
$524K
45 hrs/wk
VANESSA KIRSCH
FOUNDER IN RESIDENCE AND SENIOR PARTNER
$361K
45 hrs/wk
DOUGLAS BORCHARD
MANAGING PARTNER, COO
$345K
45 hrs/wk
IAN MAGEE
MANAGING PARTNER, CFO
$274K
45 hrs/wk
HENRY MCCANCE
DIRECTOR
—
1 hrs/wk
DUNCAN MCFARLAND
DIRECTOR
—
1 hrs/wk
KWASI MITCHELL
DIRECTOR
—
1 hrs/wk
VALERIE MOSLEY
DIRECTOR (UNTIL 10/2024)
—
1 hrs/wk
KRISTIN MUGFORD
DIRECTOR
—
1 hrs/wk
MARK NUNNELLY
DIRECTOR (UNTIL 5/2024)
—
1 hrs/wk
DEBORAH QUAZZO
DIRECTOR
—
1 hrs/wk
JOHN RICE
DIRECTOR
—
1 hrs/wk
BRIAN SPECTOR
DIRECTOR
—
1 hrs/wk
VENKAT SRINIVASAN
DIRECTOR
—
1 hrs/wk
JEFFREY WALKER
DIRECTOR
—
1 hrs/wk
WENDY KOPP
DIRECTOR
—
1 hrs/wk
STACY JANIAK
DIRECTOR
—
1 hrs/wk
DAVID GERGEN
DIRECTOR
—
1 hrs/wk
ALISA DOCTOROFF
DIRECTOR
—
1 hrs/wk
SAM COBBS
DIRECTOR
—
1 hrs/wk
KERWIN CHARLES
DIRECTOR
—
1 hrs/wk
JOSH BEKENSTEIN
DIRECTOR
—
1 hrs/wk
STEVE BARNES
DIRECTOR (UNTIL 5/2024)
—
1 hrs/wk
MATT LEVIN
DIRECTOR
—
1 hrs/wk
STEVE JENNINGS
CHAIRMAN
—
1 hrs/wk
DAVID LEVY
SENIOR ADVISOR
$360K
45 hrs/wk
ELIZA GREENBERG
PRESIDENT
$343K
45 hrs/wk
DEBORAH SMOLOVER
MANAGING PARTNER,ED OF AMERICA FORWARD
$339K
45 hrs/wk
GIA TRUONG
MANAGING PARTNER, EQUITY & PROXIMITY
$249K
45 hrs/wk
SHRUTI SEHRA
MANAGING PARTNER,ECOSYSTEM BUILDING AND EDUCATION
$248K
45 hrs/wk
SHAWN DOVE
MANAGING PARTNER,ECOSYSTEM BUILDING
$246K
45 hrs/wk
DERREK SHULMAN
PARTNER, SENIOR PHILANTHROPIC ADVISOR
$232K
45 hrs/wk
MATRIKA BAILEY-TURNER
CHIEF OF STAFF
$169K
45 hrs/wk
Independent contractors
SUSAN ASIYANBI DBA O PRACTICE LLC
LEADERSHIP COACHING
LANCE POTTER DBA EVALUATION STRATEGY LL
EVALUATION AND PORTFOLIO SUPPORT
MCPHERSON STRATEGIES LLC
COMMUNICATION STRATEGY & IMPLEMENTATION
JEFF NELSON
PORTFOLIO SUPPORT AND STRATEGY
PEOPLE ROCKET LLC
PIPELINE RESEARCH AND DEVELOPMENT
Grants received
Showing 200 of 212
Funded by
$163.4M from 79 funders · 212 grants · 2017–2024
$31.4M · 8 grants · 2017–2023
$26.8M · 22 grants · 2017–2024
$20M · 2 grants · 2023–2024
$15M · 1 grant · 2020
$10M · 1 grant · 2021
$9.1M · 9 grants · 2017–2023
$6.1M · 5 grants · 2020–2023
$6M · 7 grants · 2017–2023