2018-04-10T07:47:06-07:00 2017-12-31 134036703 SCHALL & ASHENFARB CPAS 307 5th Ave 15th Floor NEW YORK NY 100166517 990 2017-01-01 223384302 Pencil Inc PENC 2125242386 30 West 26th Street 5th Floor New York NY 10010 Gregg Betheil President 2018-04-10 true Michael Schall P02024184 2122682800 2017 2021-01-29 14:40:06Z Gregg Betheil 30 W 26th Street 5th Floor New York NY 10010 3064247 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 81 1250 0 243522 2840085 0 5971 16423 15872 0 265365 2856508 0 0 382858 2030531 58000 733999 222917 795261 605775 2883792 -340410 -27284 2282323 2174044 140032 71028 2142291 2103016 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 1926273 In FY17, PENCILs School Partnership Program served 64 New York City public schools by leveraging the talents and resources of the Citys business community to improve students college and career readiness and strengthen school leadership. These partnerships were supported by approximately 50 companies.87% of Principals reported he Partnership exposed students to experiences they would not have otherwise hadstudents have a better understanding of what to expect in college or the workplace90% of Principals reported the Partnership helped improve students awareness of their college and career options85% of Principals reported the Partnership provided new ideas and perspectives that were applicable in the school settingIn FY17, the PENCIL Internship Program placed 457 students in six-week internships at over 300 businesses across New York City. Business Mentors and student interns report that the Internship Program had a positive impact on participants communication skills, networking skills, professional skills, and their career awareness and planning. PENCIL partnerships and internships were supported by approximately 1250 business volunteers. 1926273 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 6 0 true 81 true false false false false false false false false 0 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 Dave Barger Director 2.00 0.00 X 0 0 0 Ken Clinchy Director 2.00 0.00 X 0 0 0 Bernard Tubiana Director 2.00 0.00 X 0 0 0 Susan Cosgrove Director 2.00 0.00 X 0 0 0 Lewis Warren Jr 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 Lew Leone Director 2.00 0.00 X 0 0 0 Michael Maslansky Director 2.00 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 Jack Stephenson Director 2.00 0.00 X 0 0 0 Gregg Betheil President 40.00 0.00 X 194170 0 26591 Marilyn Fogarty VP of Fin&Admin 40.00 0.00 X 98633 0 0 Jessica Bynoe VP of Programs 40.00 0.00 X 141746 0 9825 Jessica Ortiz VP of Development 40.00 0.00 X 115681 0 20263 Katje King Sr. Program Off. 40.00 0.00 X 106670 0 9825 656900 66504 4 false true false 0 1121650 545000 1173435 2840085 0 16782 16782 0 0 0 77000 77359 -359 -359 -359 130380 1121650 130380 0 0 0 0 2856508 16423 0 0 0 0 298633 144658 69317 84658 0 1331133 1012744 51991 266398 7007 5044 504 1459 269080 193685 19362 56033 124678 89743 8972 25963 0 0 0 0 58000 58000 0 118711 42514 21956 54241 0 6369 4523 474 1372 85795 60929 6386 18480 0 319514 226908 23782 68824 44691 41756 2935 0 0 0 0 58851 41794 4380 12677 23470 16668 1746 5056 Indirect special event expense 67657 67657 Equipment 34523 24517 2570 7436 Miscellaneous 16762 7801 6585 2376 Bank Charges and Admin Fees 15642 11108 1165 3369 3276 1881 1395 2883792 1926273 223520 733999 X 192458 534994 0 900881 313288 0 0 0 0 0 25095 3404 1291800 1249279 94150 42521 1026768 1237170 0 0 0 42971 42667 2282323 2174044 36164 22635 30300 20000 73568 28393 140032 71028 X 1550791 1708516 591500 394500 2142291 2103016 2282323 2174044 -27284 -11991 X false true X true false X 2985192 3611208 2752547 243522 2840085 12432554 0 0 2985192 3611208 2752547 243522 2840085 12432554 985210 11447344 66619 42761 67363 5971 16782 199496 0 15872 15872 12647922 21500 0.90510 0.83540 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 559072 32597 700131 690207 9924 42521 Deferred Rent 28393 28393 X 3065464 -11991 220947 208956 2856508 2856508 3104739 220947 220947 2883792 2883792 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 1109384 58000 1051384 1109384 58000 1051384 NY Annual Gala 1252030 1121650 130380 130380 1252030 1121650 130380 130380 130380 X X false false false false false false false false false false Gregg Betheil President 194170 26591 220761 Jessica Bynoe VP of Programs 141746 9825 151571 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.