New Leaders
New Leaders reported $21.9 million in revenue and $23.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $76.73 went to program services, $16.28 to management and general costs and $6.99 to fundraising. Its largest source of revenue was contributions and grants: 74.3% of the total. Government grants made up 13.3%. The highest compensation it reported for one person was $673,868 (CEO & BOARD MEMBER). 46 people received more than $100,000 in reportable compensation. Revenue fell 18% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $23MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $22MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 7.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 74.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 13.3% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 22.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $673,868 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.89% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 46 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 16.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 8 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseNational aspiring principals fellowship: the national aspiring principals fellowship is an online principal preparation and master's degree program that trains the next generation of equityfocused school leaders who better reflect the students they serve. A first-of-its-kind partnership with two prestigious historically black institutions, the fellowship integrates the 20+ year research and evidence-base of New Leaders' nationally renowned principal preparation program and equity-centered conceptual frameworks of our university partners into a transformative and cohort-based online learning…
Leadership development pathways (school & system partnerships): through school and system partnerships, New Leaders provides an immersive, competency-based training experience that provides school and district leaders at multiple levels from teacher leaders to district leaders with the interactive tools, instructional strategies, individualized coaching, and community support to deliver breakthrough results and sustained student outcomes
Strategic partnerships: strategic partnership services offer targeted guidance to help senior district and other system leaders develop actionable strategies and implementation plans that get results. These services are custom-tailored to meet the needs of each district or system, but may include support around organizational effectiveness, system-wide diagnostics, action planning and kpls, performance management, and culture and climate planning
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO & BOARD MEMBER Director/trustee, officer, 50.00 hrs/week | $642,126 | $0 | $31,742 | $673,868 |
| CHIEF PROGRAM & IMPL. OFFICER Key employee, 40.00 hrs/week | $347,249 | $0 | $31,742 | $378,991 |
| CHIEF ADMIN/GEN.COUNL/SEC/INT.TREAS. Officer, 40.00 hrs/week | $349,937 | $0 | $28,490 | $378,427 |
| CHIEF EXT.RELATIONS OFFICER Key employee, 40.00 hrs/week | $327,373 | $0 | $31,213 | $358,586 |
| CHIEF NAT'L ASPIRING PRIN.OFF. Key employee, 40.00 hrs/week | $300,648 | $0 | $28,033 | $328,681 |
| CHIEF OF STAFF & ORG. DEV. OFF. Key employee, 40.00 hrs/week | $293,405 | $0 | $30,194 | $323,599 |
| EXEC. DIR., K-12 PARTNERSHIPS Highest compensated employee, 40.00 hrs/week | $261,344 | $0 | $29,232 | $290,576 |
| FORMER KEY EMPLOYEE Highest compensated employee, 40.00 hrs/week | $238,665 | $0 | $28,552 | $267,217 |
46 people received more than $100,000 in reportable compensation from New Leaders (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.7M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5130
- Volunteers Part I, line 611
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| AMERICAN INSTITUTES FOR RESEARCH Research/evaluation consultant | $584,992 |
| NOODLE PARTNERS INC Software consultant | $388,896 |
| YOUR PART-TIME CONTROLLER Accounting and finance consultant | $372,603 |
| ELITE SYSTEMS AMERICA Managed it services | $236,334 |
| NONPROFIT HR SOLUTIONS LLC Hr consultant | $131,666 |
Individuals listed as contractors are left out. 8 contractors were paid more than $100,000 in all.
Private foundation grants it received
19 private foundations reported grants to New Leaders totaling $3.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from New Leaders's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New Leaders, you can publish a response that is linked from this page.
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Of every $100 New Leaders spent in FY2025, $76.73 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Education Forward DCWashington, DC · revenue $22M · programs 86.0% · FY2025
- DurandMt Laurel, NJ · revenue $22M · programs 94.2% · FY2025
- ASU Prep Global AcademyTempe, AZ · revenue $22M · programs 64.7% · FY2025
- Paul Quinn CollegeDallas, TX · revenue $22M · programs 83.9% · FY2025
- Village Community SchoolNew York, NY · revenue $22M · programs 78.7% · FY2025
Questions people ask
How much of New Leaders's spending goes to programs?
In the fiscal year ending June 30, 2025, New Leaders reported that 76.7% of its $23.3 million in expenses went to program services, 16.3% to management and general and 7.0% to fundraising (Form 990, Part IX).
How much does New Leaders pay its top executive?
The largest total compensation New Leaders reported for one person in the fiscal year ending June 30, 2025 was $673,868, for the role of CEO & BOARD MEMBER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Leaders get its money?
Of $21.9 million in revenue in the fiscal year ending June 30, 2025, 74.3% came from contributions and grants (including 13.3% from government grants) and 22.7% from program service revenue (Form 990, Part VIII).
Is New Leaders a registered charity?
The IRS lists EIN 04-3519203 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631349349312328 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501339349302705 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411319349302056 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310449349301131 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241259349301494 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111329349303421 · read the filing
All filings for EIN 04-3519203: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.