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Organizations Community Improvement & Capacity Building New Profit Inc.

New Profit Inc.

Fiscal year ending 2021. Filed on November 11, 2022.

99 Bedford Street 500
PO Box 113201
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 2021 IRS Form 990 filing, New Profit Inc., a 501(c)(3) charitable organization, reported compensation for 10 out of 84 total employees. Among the employees shown here, the average compensation is $298,763. The highest compensated employee at New Profit Inc. is Vanessa Kirsch with fiscal year 2021 compensation of $413,058.

Revenue, expenses, and employee compensation

Revenue

$77,118,974

Expenses

$27,480,677

Employee compensation

$10,531,823
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Vanessa Kirsch
Founder and Co-Ceo
$413,058
$383,163 No related comp$29,895
Deborah Smolover
Managing Partner, ED of America Forward
$360,862
$332,359 No related comp$28,503
Tulaine Marshall
Co-Chief Executive Officer
$337,069
$326,869 No related comp$10,200
Eliza Greenberg
Managing Partner
$290,809
$268,906 No related comp$21,903
Douglas Borchard
Managing Partner, Chief Operating Officer
$282,018
$274,329 No related comp$7,689
Kimberly Syman
Managing Partner
$277,140
$247,245 No related comp$29,895
Alexander Cortez
Managing Partner
$262,770
$250,035 No related comp$12,735
Ian Magee
Managing Partner, Chief Financial Officer
$256,698
$240,498 No related comp$16,200
Trevor Brown
Managing Partner
$254,714
$246,425 No related comp$8,289
Shruti Sehra
Managing Partner
$252,495
$236,295 No related comp$16,200

Benchmark Employee Compensation

Non-Employee Board Members

Alisa Doctoroff
Director
Brian Spector
Director
David Gergen
Director
Duncan McFarland
Director
Henry McCance
Director
James Pallotta
Director
Jeffrey Walker
Chair
John Rice
Director
Josh Bekenstein
Director
Kerwin Charles
Director
Kristin Mugford
Director
Mark Nunnelly
Director

Contractors

Volition LLC
Portfolio and Strategy Consulting
$360,000
Evaluation Strategy LLC
Evaluation and Portfolio Support
$232,500
Jeff Nelson
Portfolio and Fundraising Strategy
$217,184
Helayne B Jones
Strategy Advisor and Deal Support
$170,400
Impello Ventures
Strategy Advisor and Deal Support
$137,500

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.

Revisions to this organization profile

July 16, 2025:
2024 New Profit Inc. 990 filed
October 22, 2024:
2023 New Profit Inc. 990 filed
November 7, 2023:
2022 New Profit Inc. 990 filed

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