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Filing year 2024

NEW PROFIT INC

Boston, Massachusetts·EIN 04-3396766·NTEE S50 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$33.6M
Total assets
$120.3M
Total expenses
$43.7M
Reported officers
33

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Massachusetts.

CEO
Above 90th percentile
$541k
$577k
Base
$524k
Bonus
Other
Benefits
$11k
Founder in Residence and Senior Partner
Officer (Unspecified)
$396k
$423k
Base
$361k
Bonus
Other
Benefits
$29k
Managing Partner,ed of America Forward
Highest Compensated Employee
Above 90th percentile
$372k
$397k
Base
$339k
Bonus
Other
Benefits
$27k
President
Key Employee
Above 90th percentilevs Community Improvement & Capacity Building peers nationwide
$370k
$395k
Base
$343k
Bonus
Other
Benefits
$27k
Senior Advisor
Highest Compensated Employee
Above 90th percentile
$368k
$393k
Base
$360k
Bonus
Other
Benefits
$2k
Managing Partner, COO
Above 90th percentilevs Community Improvement & Capacity Building peers nationwide
$366k
$391k
Base
$345k
Bonus
Other
Benefits
$15k
Managing Partner, CFO
Above 90th percentile
$291k
$311k
Base
$274k
Bonus
Other
Benefits
$11k
Managing Partner, Equity & Proximity
Key Employee
75th to 90th percentilevs Community Improvement & Capacity Building peers nationwide
$283k
$303k
Base
$249k
Bonus
Other
Benefits
$29k
Managing Partner,ecosystem Building
Highest Compensated Employee
Above 90th percentile
$274k
$293k
Base
$246k
Bonus
Other
Benefits
$29k
Partner, Senior Philanthropic Advisor
Highest Compensated Employee
Above 90th percentile
$266k
$284k
Base
$232k
Bonus
Other
Benefits
$29k
Managing Partner,ecosystem Building and Education
Highest Compensated Employee
Above 90th percentile
$265k
$283k
Base
$248k
Bonus
Other
Benefits
$11k
Chief of Staff
Key Employee
Median to 75th percentilevs Community Improvement & Capacity Building peers nationwide
$180k
$192k
Base
$169k
Bonus
Other
Benefits
$11k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 21 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at NEW PROFIT INC equaled 1% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
1%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Held steady
from 2023

From $539k in 2023 to $541k in 2024.

$539k
2023
$541k
2024
In today's dollarsEst.
Down 3% in real terms$593k to $577k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay held roughly steady from 2023 to 2024, while revenue fell 55%.

$539k in 2023 to $541k in 2024.
  • Highest Compensated Employee pay rose 1% from 2023 to 2024.
  • Key Employee pay rose 3% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about NEW PROFIT INC

What does the Chief Executive Officer of NEW PROFIT INC earn?

In 2024, the Chief Executive Officer of NEW PROFIT INC received $540,689 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Massachusetts: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NEW PROFIT INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Massachusetts, the 2024 pay of the Chief Executive Officer at NEW PROFIT INC falls in the top 10%. In 2024, the highest total compensation at NEW PROFIT INC equaled 1% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are NEW PROFIT INC's revenue and expenses?

In 2024, NEW PROFIT INC reported $33.6M in total revenue and $43.7M in total expenses on its IRS Form 990.

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