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


more online

WWW.NEWPRoFIT.CoM/BUILD

What prompted Suzanne McKechnie Klahr to found BUILD?


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.


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.



2007 2009

249

462

2007 2009

1.8

3.4


$518,000ToTAL FUNDING FRoM NEW PRoFIT THRoUGH 2009


Menlo Park, CAHEADqUARTERS

EducationDoMAIN

1999YEAR FoUNDED

Suzanne McKechnie Klahr CEo & FounderSoCIAL ENTREPRENEUR

7

portfolio



$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


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?


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


17,500

946

2001 2009

2009


8


*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.


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.


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.



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


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.


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



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.


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.



Martin Fisher Founder & CEoSoCIAL ENTREPRENEUR


San Francisco, CAHEADqUARTERS

Economic DevelopmentDoMAIN

1991YEAR FoUNDED

2004 2009


2.6

6.4

2004 2009

26,053


80,669

http://www.newprofit.com/mfisher

12



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.


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.





EducationDoMAIN

1994YEAR FoUNDED

Richard BarthCEoSoCIAL ENTREPRENEUR

17,484

6,122

2005


2009

26.1

14.6

2005


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.




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


14



more online

WWW.NEWPRoFIT.CoM/MANAGEMENTLEADERSHIP

MLT offers four target programs to help minorities prepare for and succeed in their careers.


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.





Workforce DevelopmentDoMAIN

1994YEAR FoUNDED

John RiceFounder & CEoSoCIAL ENTREPRENEUR

4.6

1.2

2005


2009

393

183

2005


2009

15

portfolio


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.





EducationDoMAIN

2000YEAR FoUNDED

Jon SchnurCEo & Co-FounderSoCIAL ENTREPRENEUR2002

2000

2009

2009

7,500



1.7

40.1

198,000

16


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)


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.


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.





Public HealthDoMAIN

2003YEAR FoUNDED

Louise DavisCo-Founder & Executive DirectorSoCIAL ENTREPRENEUR

2005

2004

2009

2009

500



0.2

2.0

8,000

18


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.


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.





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.


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.




Arlington, VAHEADqUARTERS

EnvironmentDoMAIN

1973YEAR FoUNDED

Brett JenksPresident & CEoSoCIAL ENTREPRENEUR

2005 2009


5.4

12.8

2006 2009

2,800,000

3,591,000


20



more online

WWW.NEWPRoFIT.CoM/ RIGHTToPLAY

Right To Play uses sport and play to improve outcomes in four development areas.


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.




Toronto, CanadaHEADqUARTERS

Youth DevelopmentDoMAIN

2000YEAR FoUNDED

Johann KossPresident & CEoSoCIAL ENTREPRENEUR

700,000

22.6

2004


150,000

6.7

2004


2009

2004

21

portfolio


WWW.NEWPRoFIT.CoM/STANDFoRCHILDREN

Learn about Stand for Children’s plans for expansion by 2012.


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.




Portland, oRHEADqUARTERS

EducationDoMAIN

1999YEAR FoUNDED

Jonah EdelmanFounder & CEoSoCIAL ENTREPRENEUR

Phot

o: Ju

lie K

eefe

2007 2009

3,150


2007 2009


2.7

4.8

4,543

22


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.


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.




EducationDoMAIN

2007YEAR FoUNDED

18,241

330

2007


2009

7.2

n/a

2007

revenue ($MM)CoMPoUND ANNUAL GRoWTH RATE*

2009

23

portfolio


WWW.NEWPRoFIT.CoM/YEARUP

Learn how Year Up is closing the opportunity divide for 18-24 year olds.


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.





Workforce DevelopmentDoMAIN

2000YEAR FoUNDED

Gerald ChertavianFounder & CEoSoCIAL ENTREPRENEUR

2004 2009

120


796

2004 2009


3.5

24.4

24


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


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


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.

Documents

New Profit 2009-2010 Annual Report