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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building New Profit Inc.

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.

Revenue, expenses, and employee compensation

Revenue

$33,625,326

Expenses

$43,748,913

Employee compensation

$16,511,053
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Tulaine Montgomery
Chief Executive Officer
$540,689
$523,644 No related comp$17,045
Vanessa Kirsch
Founder in Residence and Senior Partner
$396,171
$361,450 No related comp$34,721
Deborah Smolover
Managing Partner,Ed of America Forward
$372,231
$338,948 No related comp$33,283
Eliza Greenberg
President
$369,985
$342,703 No related comp$27,282
David Levy
Senior Advisor
$368,133
$359,965 No related comp$8,168
Douglas Borchard
Managing Partner, COO
$366,175
$345,173 No related comp$21,002
Ian Magee
Managing Partner, CFO
$291,304
$274,268 No related comp$17,036
Gia Truong
Managing Partner, Equity and Proximity
$283,473
$248,766 No related comp$34,707
Shawn Dove
Managing Partner,Ecosystem Building
$274,229
$245,522 No related comp$28,707
Derrek Shulman
Partner, Senior Philanthropic Advisor
$266,362
$231,658 No related comp$34,704
Shruti Sehra
Managing Partner,Ecosystem Building and Education
$265,287
$248,261 No related comp$17,026
Matrika Bailey-Turner
Chief of Staff
$179,890
$169,016 No related comp$10,874

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
Jeffrey Walker
Director
John Rice
Director
Josh Bekenstein
Director
Kerwin Charles
Director
Kristin Mugford
Director
Kwasi Mitchell
Director

Contractors

Susan Asiyanbi Dba O Practice LLC
Leadership Coaching
$481,875
Lance Potter Dba Evaluation Strategy Ll
Evaluation and Portfolio Support
$267,750
Mcpherson Strategies LLC
Communication Strategy and Implementation
$249,374
Jeff Nelson
Portfolio Support and Strategy
$213,250
People Rocket LLC
Pipeline Research and Development
$170,000

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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