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Filing year 2024

THE NEW COMMON SCHOOL FOUNDATION

Detroit, Michigan·EIN 38-3326860·NTEE B80 · Education·501(c)(3)
Total revenue
$7.2M
Total assets
$44.2M
Total expenses
$7.3M
Reported officers
4
Mission

THE FOUNDATION'S PURPOSE IS TO EXPLORE THE PROMOTION OF EXCELLENCE IN EDUCATION, BOTH PUBLIC AND PRIVATE, WITH THE EXPANDED USE OF VOLUNTEERS AND TUTORS, THE DEVELOPMENT OF FUNDING SOURCES, THE TRANSFORMATION OF TEACHING AND LEARNING, THE FORMATION OF CHARACTER IN THE JESUIT TRADITION OF HOLINESS, AND SEEKING EFFORTS TO DEVELOP ONE OR ALL OF WHAT THE REV. DR. MARTIN LUTHER KING CALLED THE THREE DIMENSIONS OF THE COMPLETE LIFE, ALONE IN OR IN PARTNERSHIP WITH SECULAR AND RELIGIOUS ORDERS. FURTHER TO PROMOTE DIRECT GRANTS, CONTRIBUTIONS, LOANS AND/OR OTHER FUND ASSISTANCE TO LOCAL AND NATIONAL RELIGIOUS ORGANIZATIONS, NONPROFIT ORGANIZATIONS AND TO PUBLIC CHARTER SCHOOL MANAGEMENT COMPANIES TO ACCOMPLISH THE FOREGOING; AND TO RECEIVE AND ADMINISTER FUNDS FOR SUCH PURPOSES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Education organizations in Michigan.

President/treasurer
Above 90th percentile
$512k
$541k
Base
$475k
Bonus
Other
Benefits
Director of Finance
Median to 75th percentile
$174k
$184k
Base
$172k
Bonus
Other
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at THE NEW COMMON SCHOOL FOUNDATION equaled 7% of the organization's total expenses. The median for education organizations is 7%.

This organization (2024)
7%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education 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.

Down 10%
from 2023

From $570k in 2023 to $512k in 2024.

$570k
2023
$512k
2024
In today's dollarsEst.
Down 13% in real terms$620k to $541k

Estimated with Detroit-Warren-Dearborn, MI metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 10% from 2023 to 2024, while revenue rose 38%.

$570k in 2023 to $512k in 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 THE NEW COMMON SCHOOL FOUNDATION

What does the Chief Executive Officer of THE NEW COMMON SCHOOL FOUNDATION earn?

In 2024, the Chief Executive Officer of THE NEW COMMON SCHOOL FOUNDATION received $512,172 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Education organizations in Michigan: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THE NEW COMMON SCHOOL FOUNDATION compare with similar nonprofits?

Compared with the same role at Education organizations in Michigan, the 2024 pay of the Chief Executive Officer at THE NEW COMMON SCHOOL FOUNDATION falls in the top 10%. In 2024, the highest total compensation at THE NEW COMMON SCHOOL FOUNDATION equaled 7% of the organization's total expenses. The median for education organizations is 7%.

What are THE NEW COMMON SCHOOL FOUNDATION's revenue and expenses?

In 2024, THE NEW COMMON SCHOOL FOUNDATION reported $7.2M in total revenue and $7.3M in total expenses on its IRS Form 990.

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