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New York BBB Wise Giving Report for
PENCIL

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
11/2014
Name:
PENCIL
Formerly known as:
Public Education Needs Civic Involvement in Learning
Address:
30 West 26th Street
5th Floor
New York, NY 10010
Phone:
646-638-0565
Web Site:
Year, State Incorporated:
1995, New York
Affiliates:
Chicago Public schools - HELPCPS.ORG, Baltimore Business Volunteers, Philadephia Academies, Rochester City School District
Stated Purpose:
" PENCIL inspires innovation and improves student achievement by connecting business leaders and public schools. Our programs share a common premise: by bringing together the best ideas, talent and resources across sectors, we can create real change in our schools. "






Evaluation Conclusions
 

              
PENCIL meets the 20 Standards for Charity Accountability.




Programs
 

              
PENCIL is a unique organization that strategically partners businesses and public schools to improve student achievement. We focus on bringing the talent, skills, and resources of business professionals into schools in a meaningful way-every partnership is tailored to the school need and business expertise, and we provide support every step of the way to ensure success. Our two core programs, the school-business Partnership Program and a summer internship program for high school students, give business professionals tangible, and flexible, ways to be involved and see results.



Governance
 

              
Chief Executive Officer:
David Weiner, President
Chair of the Board:
Dave Barger
Chair's Profession / Business Affiliation:
President & CEO
Board Size:
22
Paid Staff Size:
28



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals, internet
Fund raising costs were 14.1% of related contributions. (Related contributions, which totaled $2,835,261, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on PENCIL's Audited Financial Statements for the fiscal year ended June 30, 2011.

Source of Funds  

Special events income, net of direct expenses

$1,720,155

Contributions

716,581

In-kind contributions

291,000

Government grants

107,525

Interest and other income

76,791

Fee Income

60,700

Total Income

$2,972,752

Program Expenses  

Program Services

$2,169,961
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

2,169,961
400,396
563,500

$3,133,857

$(161,105)




Uses of Funds as a % of Total Expenses


Programs: 69%  Fund Raising: 13%  Administrative 18% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $4,644,631
Ending net assets 4,695,077
Total liabilities 324,986

Total assets

$5,020,063







New Section
 

              





 

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