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Filing year 2024

THE NEW COMMON SCHOOL FOUNDATION

Detroit, Michigan·EIN 38-3326860·NTEE B80 · Education·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 · Schedule J · 2 reported individuals · Filing year 2024

President/treasurer
$512k
$541k
Base
$475k
Bonus
Other
Benefits
Director of Finance
$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

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.

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

Revenue and expenses over time

THE NEW COMMON SCHOOL FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$5.2M
$4.2M
2023
$7.2M
$7.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Michigan

Comparable education organizations in Michigan pay their highest-earning executive a median of $73,500.

25th percentile
$36k
Median
$73,500
75th percentile
$198k
90th percentile
$424k

These are education sector-wide figures, not this organization's reported pay. Based on 159 organizations across 159 filings (2021 – 2023).

See full Education pay data for Michigan
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