2020-06-18T09:28:07-07:00 2019-12-31 134036703 SCHALL & ASHENFARB CPAS 307 5th Ave 15th Floor NEW YORK NY 100166517 990 2019-01-01 223384302 Pencil Inc PENC 2125242386 30 West 26th Street 5th Floor New York NY 10010 Gregg Betheil President 2020-06-18 true Michael Schall P02024184 2122682800 2019 2020-04-17 16:48:07Z Gregg Betheil 30 West 26th Street 5th Floor New York NY 10010 3134364 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. 25 25 28 1400 0 3041238 2811679 0 14769 21947 0 3056007 2833626 0 0 2065207 2236806 65000 55000 650974 714974 673884 2845181 2965690 210826 -132064 2323981 2228211 22914 32574 2301067 2195637 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 2028531 In 2019, PENCIL connected over 3,500 NYC students to approximately 1,400 volunteers through its Partnership and Internship Programs. In addition, PENCIL impacted an estimated 3,395 students through its Principal For A Day program.PENCILs Partnership Program served 2,270 students across 57 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 44 companies. Analysis of year end surveys showed the following impact of PENCIL Partnership activities:100% of surveyed Principals reported PENCIL partnerships had an impact on their school100% of surveyed Principals reported PENCIL encouraged students to create goals that challenged their perception of possibility. 86% of students surveyed reported improvement in one or more of PENCILs asset domains. PENCIL served an additional 470 students from 9 schools through its Point of Engagement programs. These single day events connected students to 245 volunteers from 8 companies through college and career readiness workshops, tailored to highlight unique elements of a company and/or industry.97% of surveyed students agreed that PENCIL connected them with professionals they would not otherwise meet.98% reported the events made them feel proud of who they were.99% reported the events made them reflect on their own personal qualities. PENCILs annual Principal For A Day event is the entry point to engage corporate partners in the Partnership Program. On April 16th, PENCIL facilitated personalized hands-on experiences between 134 schools and 158 participants. Business executives participated by shadowing school principals throughout the day to learn firsthand the issues facing public schools, as well as hosting panels for teachers and career workshops for students. PENCIL trained 767 students through its 2019 Internship Program. PENCIL placed 589 in six-week internships at 222 businesses across New York City. Of the 2019 internship cohort, 73% reported receiving public assistance and/or an income below the area median income. In total, these interns received over $1.3 million 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. 2028531 true true false false false false false false false false true false false false true true true false false false false false false true true false false false false true false false false false false false false false false false false false false false false false false true 1 0 true 28 true false false false false false true true false 0 false false false false false false false X 25 25 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 214225 0 33242 Jessica Bynoe Chief Strat Off 40.00 0.00 X 166499 0 13931 Marilyn Fogarty VP of Fin&Admin 40.00 0.00 X 128900 0 2743 Katje King Sr. Program Off. 40.00 0.00 112286 0 12889 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 Adam Elster 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 Joe Scantlebury 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 621910 62805 4 false true false 0 994434 628000 1189245 2811679 0 22142 22142 0 0 0 187951 188146 -195 -195 -195 112592 994434 112592 0 0 0 0 2833626 21947 0 0 0 0 385985 162767 107815 115403 0 1423881 1133194 58913 231774 0 291238 208543 26829 55866 135702 97170 12501 26031 0 0 0 0 55000 55000 0 33658 7165 18422 8071 0 0 66995 47972 6172 12851 0 392489 281043 36157 75289 31983 29849 679 1455 0 0 0 0 8962 6417 826 1719 24694 17682 2275 4737 Event Production 44262 44262 Equipment 33146 23735 3053 6358 Miscellaneous 16892 5134 1385 10373 Program Supplies & Materials 10503 7860 858 1785 10300 10300 2965690 2028531 286185 650974 X 326693 345312 0 597275 386666 0 0 0 0 0 3864 0 1311194 1296815 13294 14379 1340188 1439187 0 0 0 42667 42667 2323981 2228211 17608 17134 5306 15440 22914 32574 X 1840567 1777237 460500 418400 2301067 2195637 2323981 2228211 -132064 26634 X false true X true false X 2752547 243522 2840085 3041238 2811679 11689071 0 0 2752547 243522 2840085 3041238 2811679 11689071 407446 11281625 67363 5971 16782 14769 22142 127027 0 15872 15872 11831970 0.95350 0.91720 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 591577 92 719525 705238 14287 14379 Deferred Rent 15440 15440 X 2974048 26634 113788 140422 2833626 2833626 3079478 113788 113788 2965690 2965690 Part X : FIN48 Footnote Pencil does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending September 30, 2016 and later are subject to examination by applicable taxing authorities. true Project Plus Inc 14 Penn Plaza 9th Fl New York NY 10122 Professional Fundraiser false 1107026 55000 1052026 1107026 55000 1052026 NY Annual Gala 1107026 994434 112592 112592 1107026 994434 112592 112592 112592 X X false false false false false false false false false Gregg Betheil President 214225 4217 29025 247467 Jessica Bynoe Chief Strat Off 166499 3193 10738 180430 Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents January 2019Amended section 3.01, Powers and Number, to clarify that there should be no fewer than 3 Board members, and to increase the size of the Board to 30 persons. Amended section 5.01, Chairs; Vice Chairs; Chair-Elect to create a Chair-Elect position on the Board. The Chair-Elect role was created to support succession planning and enable the future Chair of the Board to prepare for their role in a timely fashion.September 2019Amended section 3.08, Chair Emeritus, to clarify the roles relationship to the Board and that voting rights and duties are applicable to a Chair Emeritus who continues to be an elected member of the 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.