New Profit Inc.
Fiscal year ending 2024. Filed on July 16, 2025.
99 Bedford Street 500
A
Boston, Massachusetts 02111
New Profit Inc. (EIN: 04-3396766) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, New Profit Inc., a 501(c)(3) charitable organization, reported compensation for 12 out of 99 total employees. Among the employees shown here, the average compensation is $331,161. The highest compensated employee at New Profit Inc. is Tulaine Montgomery with fiscal year 2024 compensation of $540,689.
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Mission Statement
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.
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