New Classrooms Innovation Partners Inc

Nonprofit profile at a glance

EIN
452736163
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-N 2010
Location
Jersey City, NJ, USA
Phone
2129206130
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Management & Technical Assistance

Reported finances

Revenue
$11,164,007
Expenses
$10,387,210
Assets
$11,071,893
Liabilities
$2,903,505

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • JOEL ROSE (DIRECTOR/CEO)
  • GEORGE CIGALE (PRESIDENT OF TEACH TO ONE)

Highest reported compensation

  • JOEL ROSE (DIRECTOR/CEO): $427,145 total reported compensation
  • GEORGE CIGALE (PRESIDENT OF TEACH TO ONE): $394,495 total reported compensation
  • MATT PETERSEN (CHIEF ACADEMIC OFFICER): $249,213 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To create and inspire better ways to give every student an educational foundation for lifelong success. We imagine a world where every student attends a school that meets them where they are, adapts to the unique ways they learn, and develops habits for lifelong success.

What it reported doing in 2024

Solution development: leveraging more than a decade of experience in personalized learning, new classrooms continued to offer its digital math product, teach to one roadmaps, for the 2024-2025 school year. Roadmaps provides schools with an understanding of the precise skills each student must learn in order to achieve grade-level proficiency. Roadmaps also provides aggregated digital content and short-form assessments so students can master these skills and teachers can track progress along the way. Policy & advocacy: we support creating space for new approaches to teaching and learning and policies that truly enable schools to meet the unique strengths and needs of each student. New classrooms' policy agenda was primarily focused on federal and state ideas and recommendations related to:1. Accelerating the growth of the model provider sector: creating a robust and sustainable ecosystem to develop, adopt, and implement innovative learning models at scale.2. Accelerating the growth of the personalized, competency-based learning (pcbl) sector: creating a robust and sustainable ecosystem to develop, adopt, and implement pcbl at scale.3. Creating innovative assessments: modernizing assessment systems to measure comprehensive learning growth and support competency-based pathways for students.4. Strengthening accountability to enable innovation: overhaul the federal and state accountability system to maintain the overall objective of college- and career-readiness while supporting innovative learning models and personalized, competency-based tools.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.1%; rating input score 76
  • Program expense ratio: 82%; rating input score 82
  • Fundraising efficiency: $19.92 raised per $1 spent on fundraising; rating input score 57; 57th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7%; rating input score 60; 60th percentile among comparable filings
  • Total-asset coverage ratio: 1.07; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 19.6%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 0.3% per year; rating input score 100; 12th percentile among comparable filings
  • Revenue growth: 1.8% per year; rating input score 100; 17th percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 76.1% of revenue deployed · 82% of spending went to programs
  • Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.5M in reported program spending
  • Leadership: top reported pay $427K · 19 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.7M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 57/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.