2021-05-07T07:01:16-07:00 2020-12-31 134036703 SCHALL & ASHENFARB CPAS 307 5th Ave 15th Floor NEW YORK NY 10016 990 2020-01-01 223384302 Pencil Inc PENC 2125242386 30 West 26th Street 5th Floor New York NY 10010 Gregg Betheil President 2021-05-07 true Gregg Betheil 999009999 Michael Schall P02024184 2122682800 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z Gregg Betheil 30 West 26th Street 5th Floor New York NY 10010 3293370 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 97 1900 0 2811679 2818662 0 21947 13150 0 2833626 2831812 0 0 2236806 2363242 55000 0 517133 673884 591428 2965690 2954670 -132064 -122858 2228211 2185642 32574 101705 2195637 2083937 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 2096102 In 2020, PENCIL connected over 4,000 NYC students to almost 1,900 volunteers and mentors from 142 business. Due to the devastating consequences of the COVID-19 pandemic, PENCIL pivoted to virtual programming in April and provided programming to over 1,750 students with the support of 900 volunteers from 140 businesses. PENCILs Partnership Program served 1,609 students across 43 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 597 volunteers from 34 companies. Analysis of year end surveys showed the following impact of PENCIL Partnership activities:90% of surveyed students feel more confident introducing themselves in a professional setting91% felt more confident they could successfully interview for a job96% agreed that working with mentors helped them better understand the options they have after they graduate PENCIL served an additional 898 through 17 Point of Engagement events. These single day events connected students to 257 volunteers through college and career readiness workshops, tailored to highlight unique elements of a company and/or industry.92% of surveyed students agreed PENCIL helped them develop the skills essential for their growth and success89% agreed PENCIL connected them to opportunities and experiences they didnt know about before82% agreed PENCIL connected them with professionals whom they would not have met otherwiseWith the support of 198 volunteers from 32 businesses, PENCIL served over 198 volunteers through Open-Source Sessions. Open to all students from our partner schools, these 28 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. 97% of surveyed students agreed that the session helped them think about future aspirations95% agreed that the session provided them with a sense of belongingPrincipal For A Day, typically hosted as an in-person program in April, was transformed into a series of three webinars. 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 100 executives and 40 principals participated in these sessions.Across our programs, PENCIL enhanced its commitment to bring equity of opportunity to the young people of New York City, and one of the direct impact outcomes is reflected in an increased percentage of Black students served in 2020, from 27% to 34%. Over the Summer, PENCIL placed 342 students in paid work-based experiences and internships. PENCIL placed 85 students in six-week remote internships at 80 businesses across New York City. PENCIL provided 257 students with virtual paid work-based experiences through three new programs (Career Explorers, SYEP Summer Bridge, and New Visions partnership). An additional 738 students also received college and career training through PENCIL's programs. Overall, 620 volunteers from 140 companies participated in 95 virtual events to connect students to success.Of the 2020 summer cohort, 82% of students saw improvement in one or more of Pencils Keys to Success. In total, participants received over $350,000 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. 2096102 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 48 0 true 97 true false false false false false false false 0 false false false false false false false X 23 23 false false false 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 220734 0 32868 Jessica Bynoe Chief Strat Off 40.00 0.00 X 178325 0 13703 Marilyn Fogarty VP of Fin&Admin 40.00 0.00 X 134950 0 3001 Katje King Sr. Program Off. 40.00 0.00 115230 0 12459 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 Chancellor Richard A Carranza 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 Linda Gadsby 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 Gloria McCarthy 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 649239 62031 4 false true false 0 625447 2193215 2818662 0 9985 9985 0 0 0 464723 461558 3165 3165 3165 0 0 0 0 2831812 13150 0 0 0 0 397968 168827 111996 117145 0 1537265 1225294 82989 228982 0 283473 207117 27514 48842 144536 105604 14029 24903 0 0 0 0 0 0 19009 6 19003 0 0 81968 59033 8264 14671 0 380620 274121 38376 68123 11006 9847 400 759 0 0 0 0 9611 6922 969 1720 26129 18818 2634 4677 Equipment 25555 18404 2577 4574 Bad Debt Expense 25500 25500 Bank Charges and Admin Fees 6315 6315 Video Production 2299 2299 3416 2109 869 438 2954670 2096102 341435 517133 X 345312 509667 0 386666 225634 0 0 0 0 0 0 673175 657504 14379 15671 1439187 1392003 0 0 0 42667 42667 2228211 2185642 17134 44624 37800 15440 19281 32574 101705 X 1777237 1652937 418400 431000 2195637 2083937 2228211 2185642 -122858 11158 X false true X true false X 243522 2840085 3041238 2811679 2818662 11755186 0 0 243522 2840085 3041238 2811679 2818662 11755186 573389 11181797 5971 16782 14769 22142 9985 69649 0 15872 15872 11840707 0.94440 0.95350 X Part I: Additional Information Pencil Inc. filed a short period return for the period 10/1/16-12/31/16 awhich is reported on Schedule A, Part II, Section A under the year 2016. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 591669 591667 2 81506 65837 15669 15671 Deferred Rent 19281 19281 X 3058247 11158 215277 226435 2831812 2831812 3169947 215277 215277 2954670 2954670 Part X : FIN48 Footnote Pencil does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending December 31, 2017 and later are subject to examination by applicable taxing authorities. X X false false false false false false false false false Gregg Betheil President 220734 32868 253602 Jessica Bynoe Chief Strat Off 178325 13703 192028 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.