New Classrooms Innovation Partners Inc
- Assets
- $13.1m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 98
- Location
- Jersey City, NJ
- Founding
- 07/2012
- Data as of
- 06/2023
- EIN
- 45-2736163
Organization Overview
New Classrooms Innovation Partners Inc is located in Jersey City, NJ. The organization was established in 2012. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2023, New Classrooms Innovation Partners Inc employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Classrooms Innovation Partners Inc 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 06/2023, New Classrooms Innovation Partners Inc generated $15.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $12.5m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW CLASSROOMS INNOVATION PARTNERS (NEW CLASSROOMS) BELIEVES IT IS POSSIBLE TO MAKE THE U.S. EDUCATION SYSTEM WORK FOR EACH AND EVERY STUDENT. WE RECOGNIZE THAT LEARNING IS PERSONAL. EACH STUDENT IS DIFFERENT. AND WHEN SCHOOLS CAN TRULY MEET A STUDENT'S UNIQUE STRENGTHS AND NEEDS, THE BENEFITS OF A GREAT EDUCATION OPEN UP TO THEM. TURNING THIS POSSIBILITY INTO REALITY - AT SCALE - IS THE REASON WE EXIST. WE DEVELOP DIGITAL PRODUCTS AND INNOVATIVE LEARNING MODELS THAT MEET STUDENTS WHERE THEY ARE AND CONNECT THEM TO WHERE THEY NEED TO BE. WE ALSO ADVOCATE FOR POLICIES THAT ALLOW FOR STUDENT-CENTERED APPROACHES TO TEACHING AND LEARNING SO MORE STUDENTS CAN SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLUTION DEVELOPMENT:LEVERAGING ITS DECADE OF EXPERIENCE IN PERSONALIZED LEARNING, NEW CLASSROOMS CONTINUED TO OFFER ITS DIGITAL MATH PRODUCT, TEACH TO ONE ROADMAPS, FOR THE 2022-2023 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. [SEE CONTINUATION ON SCHEDULE O]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. CREATING INNOVATIVE ASSESSMENTS: MODERNIZING ASSESSMENT SYSTEMS TO MEASURE COMPREHENSIVE LEARNING GROWTH AND SUPPORT COMPETENCY-BASED PATHWAYS FOR STUDENTS.3. STRENGTHENING ACCOUNTABILITY TO ENABLE INNOVATION: CREATING THE SPACE FOR A COMPLEMENTARY ACCOUNTABILITY SYSTEM THAT MAINTAINS THE OVERALL OBJECTIVE OF COLLEGE- AND CAREER-READINESS, ALLOWS FOR MORE PERSONALIZED ACADEMIC PATHWAYS, AND PROVIDES A MORE PRECISE WAY OF MEASURING AND REWARDING LEARNING GROWTH TOWARD MASTERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Rose Director/chief Executive Officer | OfficerTrustee | 41 | $359,880 |
Christopher Rush Director Chief Program Officer Thru Jan 2023 | OfficerTrustee | 41 | $262,202 |
Jeff Wetzler Board Chair | OfficerTrustee | 1 | $0 |
Mark Zurack Treasurer | OfficerTrustee | 1 | $0 |
Palmina Fava Secretary | OfficerTrustee | 1 | $0 |
Susan Asiyanbi Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Devspark Llc Tech & Engineering | 6/29/23 | $385,429 |
Freepro Llc Tech & Engineering | 6/29/23 | $295,355 |
Neal Analytics Llc Tech & Engineering | 6/29/23 | $176,275 |
Onbench Llc Tech & Engineering | 6/29/23 | $137,520 |
Ballistix Usa Inc Sales Process Engineering | 6/29/23 | $110,088 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,539 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,074,933 |
| Noncash contributions included in lines 1a–1f | $5,700,444 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,102,472 |
| Total Program Service Revenue | $148,221 |
| Investment income | $15,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,040 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,241,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,087,314 |
| Compensation of current officers, directors, key employees. | $502,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,161,097 |
| Pension plan accruals and contributions | $81,188 |
| Other employee benefits | $500,574 |
| Payroll taxes | $494,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $183,791 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $39,686 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $384,937 |
| Advertising and promotion | $8,050 |
| Office expenses | $81,212 |
| Information technology | $366,913 |
| Royalties | $0 |
| Occupancy | $999,774 |
| Travel | $91,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,257 |
| Interest | $50,669 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,679,135 |
| Insurance | $58,382 |
| All other expenses | $0 |
| Total functional expenses | $12,504,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $802,937 |
| Savings and temporary cash investments | $5,266,591 |
| Pledges and grants receivable | $2,895,245 |
| Accounts receivable, net | $37,185 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $73,878 |
| Net Land, buildings, and equipment | $12,122 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,026,610 |
| Total assets | $13,114,568 |
| Accounts payable and accrued expenses | $1,375,024 |
| Grants payable | $0 |
| Deferred revenue | $11,475 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,386,499 |
| Net assets without donor restrictions | $5,968,353 |
| Net assets with donor restrictions | $5,759,716 |
| 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 | $13,114,568 |