2022-05-12T10:36:02-07:00 2021-12-31 134036703 SCHALL & ASHENFARB CPAS LLC 307 FIFTH AVE 15TH FL NEW YORK NY 10016 990 2021-01-01 223384302 Pencil Inc PENC 2125242386 30 West 26th Street 5th Floor New York NY 10010 Gregg Betheil President 2022-05-12 true Gregg Betheil 999009999 Michael Schall P02024184 2122682800 3 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z Gregg Betheil 30 West 26th Street 5th Floor New York NY 10010 2911211 false X www.pencil.org X NY Since 1995, weve 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. 23 23 22 1100 0 2818662 3015456 0 13150 40184 0 2831812 3055640 0 0 2363242 2173608 0 487898 591428 551459 2954670 2725067 -122858 330573 2185642 2403327 101705 43246 2083937 2360081 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, weve 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. false false 1878478 In 2021, PENCIL connected 5,394 NYC students to 1,100 volunteers and mentors from 177 business. PENCIL held all programming virtually as a result of the on-going COVID-19 pandemic. PENCILs Partnership Program served 1,012 students across 33 New York City public schools by leveraging the talents and resources of NYCs business community to improve students college and career readiness. These partnerships were supported by 534 volunteers from 27 companies. 75% of students saw improvement in one or more of Pencils Keys to Success. Analysis of session feedback showed:90% of surveyed students felt more confident introducing themselves in a professional setting97% felt more confident they could successfully interview for a job95% agreed that working with mentors helped them better understand the options they have after they graduate97% understood how their professional brand could influence their career path With the support of 207 volunteers from 56 businesses, PENCIL served over 1,115 students through Open-Source Sessions. Open to all students from our partner schools, these 79 virtual sessions filled a gap in instruction during New York Citys transition to distance learning and provided access to corporate volunteers that teachers could not achieve alone. 96% of surveyed students agreed that the session helped them think about future aspirations97% of students felt more confident that they could succeed after graduation. PENCIL virtually hosted Principal For A Day the week of April 26th. These events created space for school principals and business executives to learn from one another and reflect on the impact of the pandemic, virtual work and learning, and the increased attention to injustice and systemic racism. Over 27 executives connected with 22 schools supporting an estimated 301 teachers and 2,502 students through these interactive sessions.Over the Summer, PENCIL placed 346 students in internship and other paid work-based experiences. PENCIL placed 269 students in six-week remote or in-person internships at 101 businesses across New York City. PENCIL provided 76 additional students with virtual paid work-based experiences through two programs (Career Explorers, and NYC Tech). An additional 690 students also received college and career training through PENCIL's programs. Overall, 422 volunteers from 26 companies participated in 93 virtual training events to connect students to success.Of the 2021 summer cohort, 90% of students saw improvement in one or more of Pencils Keys to Success. In total, participants received over $778,000 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 and planning. 1878478 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 12 0 true 22 true false false false false false false false 0 false false false false false false false X 23 23 false false true false false false false true true false false true true true true true true true true false NY X X Marilyn Fogarty 2125242386 30 West 26th Street 5th Floor New York NY 10010 Gregg Betheil President 40.00 0.00 X 220824 0 31497 Jessica Bynoe Chief Strat Off 40.00 0.00 X 177714 0 12976 Marilyn Fogarty VP of Fin&Admin 40.00 0.00 X 135450 0 3044 Katje King Sr. Program Off. 40.00 0.00 114285 0 11732 Christopher B Hayward Chair 2.00 0.00 X X 0 0 0 Susan Cosgrove Vice Chair 2.00 0.00 X X 0 0 0 Lewis Warren Jr Vice Chair 2.00 0.00 X X 0 0 0 Abbe Raven Secretary 2.00 0.00 X X 0 0 0 E Scott Beattie Treasurer 2.00 0.00 X X 0 0 0 Gerd Alexander Director 2.00 0.00 X 0 0 0 Mariel Cruz Director 2.00 0.00 X 0 0 0 Howard Chatzinoff Director 2.00 0.00 X 0 0 0 Nicole Degnan Director 2.00 0.00 X 0 0 0 John Fosina Director 2.00 0.00 X 0 0 0 Jeremy Phillips Director 2.00 0.00 X 0 0 0 Scrates Jimnez Director 2.00 0.00 X 0 0 0 Debbie Kenyon Director 2.00 0.00 X 0 0 0 Joanna Lambert Director 2.00 0.00 X 0 0 0 Lew Leone Director 2.00 0.00 X 0 0 0 Cindy Ma Director 2.00 0.00 X 0 0 0 Michael Maslansky Director 2.00 0.00 X 0 0 0 Ron Rudzin Director 2.00 0.00 X 0 0 0 Shael Polakow-Suransky Director 2.00 0.00 X 0 0 0 Mitchell M Roschelle Director 2.00 0.00 X 0 0 0 Stuart Ruderfer Director 2.00 0.00 X 0 0 0 Jason E Silvers Director 2.00 0.00 X 0 0 0 Bernard Tubiana Director 2.00 0.00 X 0 0 0 648273 59249 4 false true false 0 700017 2315439 3015456 0 5677 5677 0 0 0 -109922 -144429 34507 34507 34507 0 0 0 0 3055640 40184 0 0 0 0 396641 148469 124145 124027 0 1375754 1080682 96508 198564 0 397483 275653 49485 72345 3730 2587 464 679 0 0 0 0 0 0 25030 7781 16151 1098 0 0 70998 49237 8839 12922 0 375467 260384 46744 68339 4629 10394 555 -6320 0 0 0 0 9538 6615 1187 1736 27465 19047 3419 4999 Equipment 21835 15143 2718 3974 Bank Charges and Admin Fees 7220 7220 Video Production 4950 4950 Other Expenses 2963 1541 1086 336 1364 945 170 249 2725067 1878478 358691 487898 X 509667 365648 0 225634 602549 0 0 0 0 0 0 679163 667042 15671 12121 1392003 1380342 0 0 0 42667 42667 2185642 2403327 44624 26543 37800 19281 16703 101705 43246 X 1652937 1898081 431000 462000 2083937 2360081 2185642 2403327 330573 -54429 X false true X true false X 2840085 3041238 2811679 2818662 3015456 14527120 0 0 2840085 3041238 2811679 2818662 3015456 14527120 816749 13710371 16782 14769 22142 9985 5677 69355 0 0 14596475 0.93930 0.94440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 591669 591667 2 87494 75375 12119 12121 Deferred Rent 16703 16703 X 3087855 -54429 86644 32215 3055640 3055640 2811711 86644 86644 2725067 2725067 Part X : FIN48 Footnote Pencil does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending December 31, 2018 and later are subject to examination by applicable taxing authorities. X X false false false false false false false false false Gregg Betheil President 220824 4532 26965 252321 Jessica Bynoe Chief Strat Off 177714 3584 9392 190690 Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents Section 3.07 of the bylaws was changed to designate a New York City Public School Principal as an ex officio member of the PENCIL Board. Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Organizational documents are made available on the Pencil website.