2023-10-18T08:20:09-05:00 2022-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2022-01-01 223384302 PENCIL INC PENC 2125242386 30 WEST 26TH STREET 5TH FLOOR NEW YORK NY 10010 GREGG BETHEIL CEO 2125242386 2023-10-18 1 GREGG BETHEIL 999009999 0 MIKE SCHALL P02024184 2122682804 2023-10-18 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GREGG BETHEIL 30 WEST 26TH STREET 5TH FLOOR NEW YORK NY 10010 3652797 0 X WWW.PENCIL.ORG X NY BRINGING TOGETHER BUSINESS PROFESSIONALS, EDUCATORS, AND STUDENTS TO OPEN MINDS AND OPEN DOORS. 22 22 6 1382 0 0 3015456 3095777 0 0 40184 9149 0 0 3055640 3104926 0 0 0 0 2173608 2391457 0 0 554783 551459 621522 2725067 3012979 330573 91947 2403327 2677959 43246 252389 2360081 2425570 X NEW YORK CITY SCHOOLS ARE FILLED WITH STUDENTS WHO HAVE POTENTIAL AND AMBITION TO GO FAR AND WE ENVISION A CITY FILLED WITH STUDENTS WHOSE OPPORTUNITIES MATCH THEIR AMBITIONS. SINCE 1995, WE'VE PLAYED A CRITICAL ROLE IN BRINGING TOGETHER BUSINESS PROFESSIONALS, EDUCATORS, AND STUDENTS TO OPEN EYES, OPEN MINDS, AND OPEN DOORS. BY DOING SO, WE CONNECT STUDENTS TO SUCCESS. 0 0 2156465 IN 2022, PENCIL CONNECTED 7,400 NYC STUDENTS TO 1,286 VOLUNTEERS AND MENTORS FROM 185 BUSINESS. PENCIL BEGAN ITS TRANSITION BACK TO IN PERSON PROGRAMS AS THE EFFECTS OF THE PANDEMIC STARTED TO SETTLE IN MARCH 2022.PENCIL'S PARTNERSHIP PROGRAM SERVED 1,561 STUDENTS ACROSS 45 NEW YORK CITY PUBLIC SCHOOLS BY LEVERAGING THE TALENTS AND RESOURCES OF NYC'S BUSINESS COMMUNITY TO IMPROVE STUDENTS' COLLEGE AND CAREER READINESS. THESE PARTNERSHIPS WERE SUPPORTED BY 647 VOLUNTEERS FROM 33 COMPANIES. 88% OF STUDENTS SAW IMPROVEMENT IN ONE OR MORE OF PENCIL'S KEYS TO SUCCESS. ANALYSIS OF SESSION FEEDBACK SHOWED:(CONTINUED ON SCHEDULE O)1) 91% OF STUDENTS AGREE THAT PENCIL CONNECTED THEM WITH PROFESSIONALS WHOM THEY WOULD NOT MEETOTHERWISE.2) 95% OF STUDENTS AGREE THAT PENCIL HELPED THEM DEVELOP THE SKILLS ESSENTIAL FOR THEIR GROWTH ANDSUCCESS.3) 88% OF STUDENTS AGREE THAT PENCIL CONNECTED THEM TO OPPORTUNITIES AND EXPERIENCES THEY DIDN'TKNOW ABOUT BEFORE. PENCIL ONCE AGAIN HOSTED IN-PERSON AND VIRTUAL PRINCIPAL FOR A DAY VISITS! PRINCIPAL FOR A DAY IS AN IMMERSIVEVISIT TO A NYC PUBLIC SCHOOL WHERE EXECUTIVES LEARN ABOUT WHAT IT TAKES TO LEAD A SCHOOL DIRECTLY FROM PRINCIPALS AS WELL AS VISIT WITH STUDENTS TO OFFER INSIGHT INTO THEIR CAREER TRAJECTORY AND OPPORTUNITIES THAT EXIST WITHIN THEIR INDUSTRY. 136 EXECUTIVES CONNECTED WITH 134 SCHOOLS SUPPORTING AN ESTIMATED 337 TEACHERS AND 4,362 STUDENTS. OVER THE SUMMER, PENCIL PLACED 788 STUDENTS IN INTERNSHIP AND OTHER PAID WORK-BASED EXPERIENCES. PENCIL PLACED 627 STUDENTS IN SIX-WEEK REMOTE OR IN-PERSON INTERNSHIPS AT NEARLY 200 BUSINESSES ACROSS NEW YORK CITY. PENCIL PROVIDED 161 ADDITIONAL STUDENTS WITH VIRTUAL PAID WORK-BASED EXPERIENCES THROUGH TWO PROGRAMS (CAREER EXPLORERS AND TECHNYC). AN ADDITIONAL 598 STUDENTS ALSO RECEIVED COLLEGE AND CAREER TRAINING THROUGH PENCIL'S PROGRAMS. IN TOTAL, PARTICIPANTS RECEIVED OVER $1,800,000 IN WAGES. BUSINESS MENTORS AND STUDENT INTERNS ALSO REPORT THAT THE INTERNSHIP PROGRAM HAD A POSITIVE IMPACT ON PARTICIPANTS' COMMUNICATION SKILLS, NETWORKING SKILLS, PROFESSIONAL SKILLS, AND THEIR CAREER AWARENESS. 2156465 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X TRACY KEBATTA 2125242386 30 WEST 26TH STREET 5TH FLOOR NEW YORK NY 10010 CHRISTOPHER B HAYWARD CHAIR 2.00 X X 0 0 0 E SCOTT BEATTIE TREASURER 2.00 X X 0 0 0 JOANNA LAMBERT VICE CHAIR 2.00 X X 0 0 0 LEWIS WARREN JR VICE CHAIR 2.00 X X 0 0 0 GERD ALEXANDER DIRECTOR 2.00 X 0 0 0 MARIEL CRUZ DIRECTOR 2.00 X 0 0 0 HOWARD CHATZINOFF DIRECTOR 2.00 X 0 0 0 NICOLE DEGNAN DIRECTOR 2.00 X 0 0 0 JOHN FOSINA DIRECTOR 2.00 X 0 0 0 JEREMY PHILLIPS DIRECTOR 2.00 X 0 0 0 DEBBIE KENYON DIRECTOR 2.00 X 0 0 0 LEW LEONE DIRECTOR 2.00 X 0 0 0 RON RUDZIN DIRECTOR 2.00 X 0 0 0 SHAEL POLAKOW-SURANSKY DIRECTOR 2.00 X 0 0 0 CINDY MA DIRECTOR 2.00 X 0 0 0 BERNARD TUBIANA DIRECTOR 2.00 X 0 0 0 DAVID C BANKS DIRECTOR 2.00 X 0 0 0 JASON HARRELL DIRECTOR 2.00 X 0 0 0 SOCRATES JIMENEZ DIRECTOR 2.00 X 0 0 0 UCHE NJOKU DIRECTOR 2.00 X 0 0 0 MICHAEL MASLANSKY DIRECTOR 2.00 X 0 0 0 JASON E SILVERS DIRECTOR 2.00 X 0 0 0 STUART RUDERFER DIRECTOR 2.00 X 0 0 0 TRACY KEBATTA STARTED 822 VP OF FINANCE & ADMIN 40.00 X 45518 0 9590 JESSICA BYNOE PRESIDENT 40.00 X 200096 0 14666 GREGG BETHEIL CEO 40.00 X 236620 0 33023 MARILYN FOGARTY LEFT 2022 VP OF FINANCE & ADMIN 40.00 X 97819 0 2100 KATJE KING-MCGANN LEFT 1122 SENIOR PROGRAM OFFICER 40.00 X 143714 0 0 723767 0 59379 3 0 1 0 0 422706 636909 2036162 3095777 5236 5236 466602 462689 3913 3913 3913 85182 422706 85182 0 3104926 0 0 9149 679895 334581 111719 233595 1318296 1108431 67016 142849 183646 145669 13799 24178 209620 152387 18577 38656 20150 20150 6920 5126 582 1212 4667 3379 418 870 44874 32488 4020 8366 388266 283435 33969 70862 62401 47396 4616 10389 7216 5224 647 1345 28457 20602 2550 5305 EQUIPMENT 20830 15081 1866 3883 OTHER EXPENSES 15018 2666 4009 8343 BAD DEBT EXPENSE 13000 13000 VIDEO AND EVENT PRODUCT 4930 4930 4793 4793 3012979 2156465 301731 554783 365648 447040 602549 690020 689346 674258 12121 15088 1380342 1297097 42667 228714 2403327 2677959 26543 56815 16703 195574 43246 252389 X 1898081 1985473 462000 440097 2360081 2425570 2403327 2677959 91947 -26458 0 X 0 1 X 1 0 X 3041238 2811679 2818662 3015456 3095777 14782812 3041238 2811679 2818662 3015456 3095777 14782812 1067339 13715473 14769 22142 9985 5677 5236 57809 14840621 0.92420 0.93930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 591669 591667 2 97677 82591 15086 15088 SECURITY DEPOSIT 42667 OPERATING LEASE RIGHT OF USE ASSET 186047 228714 OPERATING LEASE LIABILITY 195574 195574 X 3241601 -26458 163133 136675 3104926 0 3104926 3176112 163133 163133 3012979 0 3012979 PART X, LINE 2: PENCIL DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2019 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. 1 NY CELEBRATION OF SUCCESS 507888 422706 85182 85182 507888 422706 85182 85182 85182 0 X X 0 0 0 0 0 0 0 0 0 GREGG BETHEIL CEO 236620 0 0 0 0 0 5059 0 27964 0 269643 0 0 0 JESSICA BYNOE PRESIDENT 200096 0 0 0 0 0 4276 0 10390 0 214762 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - MANAGEMENT REVIEWED A DRAFT OF THE FORM 990 WITH THE AUDIT/FINANCE COMMITTEE AND PROVIDED EDITS TO THE TAX PREPARER. AFTER THIS PROCESS WAS PERFORMED, THE FORM 990 WAS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD APPROVED CONFLICTS OF INTEREST POLICY. EACH BOARD MEMBER MUST FILL OUT AN ANNUAL DECLARATION STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, THE LEADERSHIP TEAM REVIEWS COMPARABLE SALARIES BASED ON A RECOGNIZED STUDY AND REVIEWS THE PERFORMANCE OF EMPLOYEES TO DETERMINE IF SALARIES FALL WITHIN THESE RANGES. AFTER A DELIBERATION OF THIS MATTER, A NEW PROPOSED SALARY AND BENEFIT PACKAGE IS INCLUDED IN THE ANNUAL BUDGET AND REVIEWED BY THE AUDIT & FINANCE COMMITTEE. THE MINUTES OF THE BOARD OF DIRECTORS REFLECT THE NATURE OF THIS PROCESS. THE PRESIDENT AND CEO'S SALARY IS REVIEWED AND APPROVED BY THE BOARD. EACH YEAR, THE EXECUTIVE COMMITTEE REVIEWS COMPARABLE SALARIES BASED ON A RECOGNIZED STUDY AND REVIEWS THE PERFORMANCE OF THE PRESIDENT TO DETERMINE IF THE EXISTING SALARY FALLS WITHIN THESE RANGES. AFTER A DELIBERATION OF THIS MATTER, A NEW PROPOSED SALARY AND BENEFIT PACKAGE IS VOTED ON. THE MINUTES OF THE BOARD OF DIRECTORS REFLECT THE NATURE OF THIS PROCESS. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE ON THE PENCIL WEBSITE.