The New Common School Foundation
- Assets
- $45.3m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Detroit, MI
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 38-3326860
Organization Overview
The New Common School Foundation, operating under the name The Turning Point Foundation, is located in Detroit, MI. The organization was established in 1997. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2023, Turning Point Foundation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turning Point Foundation 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 12/2023, Turning Point Foundation generated $5.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Turning Point Foundation has awarded 32 individual grants totaling $7,646,682. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NEW COMMON SCHOOL FOUNDATION IS TO BUILD A SUSTAINABLE MODEL OF EXCELLENCE FOR A NEW COMMON SCHOOL WITHIN A BROAD, BELOVED, AND COMMITTED COMMUNITY OF FRIENDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW COMMON SCHOOL FOUNDATION (THE FOUNDATION) IS HELPING TO RESEARCH, DEVELOP, CREATE, AND SUPPORT A NEW COMMON SCHOOL FOR PUBLIC SCHOOL STUDENTS. IT ALSO IS SEEKING TO SUPPORT LEARNINGS IN READING AND MATH INSTRUCTION WHILE ALSO HELPING TO CREATE CAREER OPPORTUNITIES FOR URBAN CHILDREN. THE FOUNDATION HAS WORKED TO PURCHASE, DEVELOP, AND/OR MAINTAIN HIGHER QUALITY LEARNING ENVIRONMENTS WHILE CREATING PARTNERSHIPS WITH THE CORNERSTONE EDUCATION GROUP TO ACHIEVE ITS COMPLETE LIFE MISSION TO SERVE 2,500 OR MORE STUDENTS IN THE CITY OF DETROIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Neilson Chairman | OfficerTrustee | 0.5 | $0 |
Clark Durant President And Treasurer | OfficerTrustee | 60 | $515,000 |
Carol Mansfield Director And Secretary | OfficerTrustee | 0.5 | $0 |
Sharon Maier VP Institutional Advancement | 40 | $140,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Star Inc Construction Services | 12/30/23 | $186,320 |
Power Solutions Group Inc Construction Services | 12/30/23 | $165,370 |
Mirando Amado Abogados Legal Services | 12/30/23 | $163,000 |
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 | $1,712,762 |
| Noncash contributions included in lines 1a–1f | $127,711 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,712,762 |
| Total Program Service Revenue | $3,052,495 |
| Investment income | $297,373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $139,583 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,202,613 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $425,150 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $570,145 |
| Compensation of current officers, directors, key employees. | $85,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,128 |
| Payroll taxes | $45,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,656 |
| Fees for services: Accounting | $38,753 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $404,718 |
| Advertising and promotion | $0 |
| Office expenses | $40,330 |
| Information technology | $29,223 |
| Royalties | $0 |
| Occupancy | $283,669 |
| Travel | $92,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,174 |
| Interest | $339,049 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,137,002 |
| Insurance | $86,571 |
| All other expenses | $94,787 |
| Total functional expenses | $4,212,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,746,854 |
| Savings and temporary cash investments | $3,401,707 |
| Pledges and grants receivable | $1,447,935 |
| Accounts receivable, net | $886,185 |
| Loans from Officers, Directors, or Controlling Persons | $300,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,012,207 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,257 |
| Net Land, buildings, and equipment | $34,757,641 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $682,606 |
| Total assets | $45,305,392 |
| Accounts payable and accrued expenses | $401,375 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,482,570 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,883,945 |
| Net assets without donor restrictions | $32,998,050 |
| Net assets with donor restrictions | $2,423,397 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $45,305,392 |
Grants Awarded
Over the last fiscal year, The New Common School Foundation has awarded $404,570 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CORNERSTONE EDUCATION GROUP PURPOSE: SUPPORT URBAN CHILDREN | $366,722 |
YOUTH MENTORING WORLDWIDE INC PURPOSE: SUPPORT URBAN CHILDREN | $37,848 |