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Organizations Community Improvement & Capacity Building New Profit Inc.

New Profit Inc.

Fiscal year ending 2022. Filed on November 7, 2023.

99 Bedford Street 500
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 2022 IRS Form 990 filing, New Profit Inc., a 501(c)(3) charitable organization, reported compensation for 10 out of 88 total employees. Among the employees shown here, the average compensation is $315,627. The highest compensated employee at New Profit Inc. is Vanessa Kirsch with fiscal year 2022 compensation of $453,696.

Revenue, expenses, and employee compensation

Revenue

$22,156,350

Expenses

$35,518,909

Employee compensation

$12,238,553
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Vanessa Kirsch
Founder and Co-Ceo
$453,696
$420,242 No related comp$33,454
Tulaine Montgomery
Co-Chief Executive Officer
$443,543
$426,103 No related comp$17,440
Deborah Smolover
Managing Partner, ED of America Forward
$374,276
$342,260 No related comp$32,016
Eliza Greenberg
Managing Partner
$303,204
$277,788 No related comp$25,416
Douglas Borchard
Managing Partner, Chief Operating Officer
$290,484
$282,915 No related comp$7,569
Derrek Shulman
Managing Partner
$273,456
$241,685 No related comp$31,771
Ian Magee
Managing Partner, Chief Financial Officer
$266,816
$249,376 No related comp$17,440
Shruti Sehra
Managing Partner
$261,569
$244,129 No related comp$17,440
Kevin Greer
Managing Partner
$246,996
$215,235 No related comp$31,761
Shawn Dove
Managing Partner
$242,230
$220,972 No related comp$21,258

Benchmark Employee Compensation

Non-Employee Board Members

Alisa Doctoroff
Director
Brian Spector
Director
David Gergen
Director
Deborah Quazzo
Director
Duncan McFarland
Director
Henry McCance
Director
James Pallotta
Director (Until 12/2022)
Jeffrey Walker
Chair
John Rice
Director
Josh Bekenstein
Director
Kerwin Charles
Director
Kristin Mugford
Director

Contractors

Volition LLC
Portfolio and Strategy Consulting
$360,000
Mcpherson Strategies LLC
Communication Strategy and Implementation
$327,000
Evaluation Strategy LLC
Evaluation and Portfolio Support
$233,750
Nrg Consulting Group
Talent Recruitment
$154,673
Jeff Nelson
Portfolio and Fundraising Strategy
$151,050

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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