2019-05-07T11:09:49-07:00 2018-12-31 134036703 SCHALL & ASHENFARB CPAS 307 5th Ave 15th Floor NEW YORK NY 100166517 990 2018-01-01 223384302 Pencil Inc PENC 2125242386 30 West 26th Street 5th Floor New York NY 10010 Gregg Betheil President 2019-05-07 true Michael Schall P02024184 2122682800 2018 2019-02-21 02:37:17Z Gregg Betheil 30 West 26th Street 5th Floor New York NY 10010 3597707 false false X www.pencil.org 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. 22 22 83 1200 0 2840085 3041238 0 16423 14769 0 2856508 3056007 0 0 2030531 2065207 58000 65000 577285 795261 714974 2883792 2845181 -27284 210826 2174044 2323981 71028 22914 2103016 2301067 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 2008154 In 2018, PENCIL connected approximately 2,000 NYC students to over 1,200 volunteers through its Partnership and Internship programs. PENCILs Partnership Program served 1,194 students across 49 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 33 companies. In a year end survey, Principals and key school staff reported the following feedback on the impact of PENCIL Partnership activities:100% reported partnerships had an impact on their school - 70% reported a significant impact.100% reported partnerships exposed students to experiences they would not have otherwise.100% reported partnerships improved students awareness of college and career options.85% reported partnerships helped students develop positive relationships with volunteers.The entry point to engage corporate partners is PENCILs annual Principal For A Day event. On May 8th, PENCIL facilitated meet-ups between 95 schools and 108 participants. Business executives participated by shadowing school principals throughout the day to learn firsthand the issues facing public schools, and to host panels and career workshops for students. PENCIL trained 728 students through its Internship Program. PENCIL placed 463 in six-week internships at 228 businesses across New York City. Of the 2018 internship cohort, 76% 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. 2008154 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 false false false true 2 0 true 83 true false false false false false false false false 0 false false false false false false false false false false false false X 22 22 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 Howard Chatzinoff Chairman 2.00 0.00 X X 0 0 0 Charles R Bendit Vice Chairman 2.00 0.00 X X 0 0 0 Christopher B Hayward Vice Chairman 2.00 0.00 X X 0 0 0 E Scott Beattie Treasurer 2.00 0.00 X X 0 0 0 Abbe Raven Secretary 2.00 0.00 X X 0 0 0 Gerd Alexander Director 2.00 0.00 X 0 0 0 Susan Cosgrove 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 Scrates Jimnez Director 2.00 0.00 X 0 0 0 Debbie Kenyon Director 2.00 0.00 X 0 0 0 Lew Leone 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 Bernard Tubiana Director 0.00 0.00 X 0 0 0 Shael Polakow-Suransky Director 2.00 0.00 X 0 0 0 Karen Proctor 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 Lewis Warren Jr Director 2.00 0.00 X 0 0 0 Gregg Betheil President 40.00 0.00 X 199841 0 29870 Marilyn Fogarty VP of Fin&Admin 40.00 0.00 X 118508 0 1379 Jessica Bynoe Chief Strategy Off 40.00 0.00 X 156999 0 11867 Katie King Sr. Program Off. 40.00 0.00 X 110084 0 11398 585432 54514 4 false true false 0 1030280 435000 1575958 3041238 0 22701 22701 0 0 0 413422 421354 -7932 -7932 -7932 120346 1030280 120346 0 0 0 0 3056007 14769 0 0 0 0 357070 177829 84259 94982 0 1327078 1075874 52955 198249 0 254599 198955 18237 37407 126460 94845 10117 21498 0 0 0 0 65000 65000 0 20872 2894 17313 665 0 9852 7363 796 1693 97616 72956 7887 16773 0 355049 265356 28685 61008 21660 21460 200 0 0 0 0 38574 28830 3116 6628 23863 17835 1928 4100 Indirect special event expense 59606 59606 Equipment 36565 27328 2954 6283 Miscellaneous 33947 4644 28235 1068 Bank Charges and Admin Fees 13529 10111 1093 2325 3841 1874 1967 2845181 2008154 259742 577285 X 534994 326693 0 313288 597275 0 0 0 0 0 3404 3864 1301147 1287853 42521 13294 1237170 1340188 0 0 0 42667 42667 2174044 2323981 22635 17608 20000 28393 5306 71028 22914 X 1708516 1840567 394500 460500 2103016 2301067 2174044 2323981 210826 -12775 X false true X true false X 3611208 2752547 243522 2840085 3041238 12488600 0 0 3611208 2752547 243522 2840085 3041238 12488600 883570 11605030 42761 67363 5971 16782 14769 147646 0 15872 15872 12652118 0.91720 0.90510 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. 591669 591059 610 709478 696794 12684 13294 Deferred Rent 5306 5306 X 3182458 -12775 139226 126451 3056007 3056007 2984407 139226 139226 2845181 2845181 Part X : FIN48 Footnote Pencil does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending September 30, 2014 and later are subject to examination by applicable taxing authorities. true Cathy McNamara Inc CMI 1325 6th Avenue New York NY 10019 Professional Fundraiser false 1150626 65000 1085626 1150626 65000 1085626 NY Annual Gala 1150626 1030280 120346 120346 1150626 1030280 120346 120346 120346 X X false false false false false false false false false false Gregg Betheil President 199841 1977 27893 229711 Jessica Bynoe Chief Strategy Off 156999 1570 10297 168866 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.