2018-09-26T12:43:14-05:00 2017-12-31 420714325 RSM US LLP 518 TOWNSHIP LINE ROAD SUITE 300 BLUE BELL PA 19422 990 2017-01-01 273097212 THE PHILADELPHIA SCHOOLS PROJECT PHIL 4847858111 150 S INDEPENDENCE MALL W NO 1200 PHILADELPHIA PA 19106 MARK GLEASON EXECUTIVE DIRECTOR 4847858111 2018-09-12 1 LYNNE JOHNSON P00757336 2156418600 108.171.131.171 2018-09-12 21:43:35 ED P B004826FD69B224E7044EFB759AF5CFDB4B25BFA F745E85DCA5523FBD0E186AA23A085854F287DC7 2017 2018-06-14 16:35:46Z PHILADELPHIA SCHOOL PARTNERSHIP MARK GLEASON 150 S INDEPENDENCE MALL W NO 1200 PHILADELPHIA PA 19106 15452201 0 X WWW.PHILASCHOOLPARTNERSHIP.ORG X 2010 PA SEE SCHEDULE O 10 9 25 14 0 0 10592409 13197601 0 0 2450 48568 145528 9979 10740387 13256148 13033131 8194306 0 0 1740026 1747542 0 0 308183 3268926 2215899 18042083 12157747 -7301696 1098401 7358306 8080618 2380428 1961657 4977878 6118961 X SEE SCHEDULE O 0 0 7688909 6961985 GREAT SCHOOLS FUND: PSP MAKES GRANTS TO SCHOOL OPERATORS TO SUPPORT THE LAUNCH OF NEW SCHOOLS, THE EXPANSION OF GREAT SCHOOLS, AND THE TURNAROUND OF LOW-PERFORMING SCHOOLS. THE GRANTS HELP TO OFFSET STARTUP, GROWTH AND/OR TRANSFORMATION COSTS; THEY CAN BE DISBURSED AT ONCE OR ACROSS SEVERAL YEARS, BUT THEY ARE GENERALLY NOT INTENDED TO COVER RECURRING OPERATING EXPENDITURES. THE ORGANIZATION CONDUCTS EXTENSIVE DUE DILIGENCE ON GRANT APPLICANTS BEFORE APPROVING GRANTS, INCLUDING EXAMINATION OF QUANTITATIVE AND QUALITATIVE DATA ON ACADEMIC OUTCOMES, ANALYSIS OF STUDENT ATTENDANCE, ATTRITION, GRADUATION AND MATRICULATION DATA, FINANCIAL ANALYSIS, REVIEW OF STRATEGIC GROWTH PLANS, ASSESSMENT OF ORGANIZATIONAL LEADERSHIP AND CAPACITY, INTERVIEWS WITH SCHOOL LEADERS AND BOARD MEMBERS, AND SCHOOL SITE VISITS. PSP ALSO MAKES INCUBATION GRANTS, WHICH ARE SMALLER GRANTS TO SUPPORT LEADERSHIP TEAMS AND/OR PARTNERSHIPS ENGAGED IN STRATEGIC PLANNING AND DEVELOPMENT FOR A NEW SCHOOL, AN EXPANSION OR A TURNAROUND, AND TECHNICAL ASSISTANCE GRANTS, WHICH SUPPORT GRANTEES IN ADDRESSING DISCRETE CHALLENGES AND OPPORTUNITIES. PSP AWARDED GRANTS TO NINETEEN DIFFERENT SCHOOLS AND ORGANIZATIONS DURING 2017. 2494704 1232321 TALENT AND COLLABORATION: PSP AIMS TO LEVERAGE BEST PRACTICES BY CONVENING LEADERS FROM ALL TYPES OF SCHOOLS AND FACILITATING COLLABORATION IN THE CREATION AND IMPLEMENTATION OF INITIATIVES TO ENABLE SCHOOLS TO OPERATE MORE EFFECTIVELY. MUCH OF PSP'S EFFORTS IN THIS ARENA RELATE TO THE RECRUITING AND TRAINING OF SCHOOL LEADERS AND TEACHERS. IN COLLABORATION WITH SCHOOL OPERATORS, PSP MANAGES SEVERAL PROJECTS FOCUSED ON DEVELOPING AND STRENGTHENING THE SKILLS OF SCHOOL LEADERS AND TEACHERS. PSP SOMETIMES MAKES GRANTS TO UNIVERSITIES AND OTHER PARTNERS TO FACILITATE THE LAUNCH OF SUCH PROJECTS. PSP AWARDED GRANTS TO EIGHT DIFFERENT SCHOOLS AND ORGANIZATIONS DURING 2017. 882364 GREAT PHILLY SCHOOLS: PSP DEVELOPED AND NOW MAINTAINS A MULTIMEDIA INFORMATION RESOURCE THAT HELPS PARENTS AND GUARDIANS TO LEARN ABOUT SCHOOLS IN PHILADELPHIA. GREATPHILLYSCHOOLS, AVAILABLE ONLINE AND IN PRINT, INCLUDES SCHOOL PROFILES AND PERFORMANCE RATINGS FOR MORE THAN 2,000 PRE-KINDERGARTEN AND K-12 SCHOOLS; IT ALSO FEATURES ADVICE AND ANSWERS TO FREQUENTLY ASKED QUESTIONS ON TOPICS SUCH AS CHARTER SCHOOLS, SCHOLARSHIPS, HOW TO APPLY TO HIGH SCHOOLS, INTERACTING WITH A STUDENT'S TEACHER, AND MUCH MORE. IT IS FREE TO USE AND DOES NOT ACCEPT ADVERTISING. AS PART OF THE GREATPHILLYSCHOOL'S INITIATIVE, PSP ALSO MANAGES SEVERAL INFORMATION FAIRS FOR FAMILIES IN THE FALL. 42564 UNIFIED ENROLLMENT: PSP ENDEAVORS TO DEVELOP STRATEGIES TO MAKE THE PROCESS OF APPLYING TO SCHOOLS EASIER FOR FAMILIES, WHO MUST CONTEND WITH A COMPLEX ASSORTMENT OF APPLICATION PROCESSES ACROSS THE CITY'S MORE THAN 400 K-12 SCHOOLS. IN 2017, PSP PUBLISHED A "CHARTER SCHOOL STANDARD APPLICATION" THAT THE MAJORITY OF CITY CHARTER SCHOOLS AGREED TO ACCEPT IN LIEU OF THEIR SCHOOL-SPECIFIC APPLICATION FORMS. IT ALSO ESTABLISHED A STANDARD DEADLINE, WHICH MANY SCHOOLS ALSO AGREED TO USE. IN FUTURE YEARS, PSP HOPES TO TAKE FURTHER STEPS, IN PARTNERSHIP WITH SCHOOLS, TO EASE THE APPLICATION PROCESS FOR FAMILIES. 10421 ADVOCACY: TO ENSURE THAT THE CONDITIONS EXIST IN PHILADELPHIA AND PENNSYLVANIA TO SUPPORT THE GROWTH AND IMPROVEMENT OF QUALITY SCHOOLS, THE ORGANIZATION ADVOCATES IN SUPPORT OF EDUCATION-RELATED POLICIES. PSP'S ADVOCACY IS ALWAYS NONPARTISAN; IT DOES NOT SUPPORT OR ADVOCATE ON BEHALF OF CANDIDATES FOR ELECTED OFFICE. 52985 11118962 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 52 0 1 25 1 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X MARK GLEASON 4847858111 150 SOUTH INDEPENDENCE MALL WEST PHILADELPHIA PA 19106 MICHAEL G O'NEILL CHAIRMAN 3.00 X X 0 0 0 CHRIS BRAVACOS DIRECTOR (THRU 12/31/17) 2.00 X 0 0 0 EVELYN M MCNIFF SECRETARY 3.00 X X 0 0 0 HELEN CUNNINGHAM DIRECTOR (THRU 12/31/17) 2.00 X 0 0 0 REVEREND BONNIE CAMARDA DIRECTOR 2.00 X 0 0 0 JOHN GRIFFIN JR DIRECTOR (THRU 12/31/17) 2.00 X 0 0 0 ROBERT HALL DIRECTOR (THRU 6/22/17) 2.00 X 0 0 0 STEPHANIE NAIDOFF DIRECTOR 2.00 X 0 0 0 JOHN STINE II DIRECTOR (THRU 12/31/17) 2.00 X 0 0 0 JANINE YASS DIRECTOR 2.00 X 0 0 0 MARK GLEASON EXECUTIVE DIRECTOR 40.00 2.00 X X 222296 2704 44199 NICOLE PULLEN ROSS VICE CHAIR 3.00 X X 0 0 0 BENJAMIN PERSOFSKY DIRECTOR 3.00 X 0 0 0 BILL MARX TREASURER 3.00 X X 0 0 0 DAVID P HARDY DIRECTOR 2.00 X 0 0 0 MIRIAM SONDHEIMER MANAGING DIRECTOR 40.00 X 136458 0 7007 LYDIA GLASSIE DIR - SCHOOL INVEST. (AS OF 3/1/17) 40.00 X 126186 0 22145 484940 2704 73351 3 0 1 0 THE NEW TEACHER PROJECT INC 186 JORALEMON STREET SUITE 300 BROOKLYN NY 11201 PROGRAM DEVELOPMENT CONSULTING 1049893 1 13197601 1264571 13197601 2030 2030 200 0 200 200 200 2242591 2196053 46538 46538 46538 MANAGEMENT FEE 900099 8855 8855 MISCELLANEOUS INCOME 900099 924 924 9779 13256148 8855 0 49692 X 8194306 8194306 267269 8671 191781 66817 1203224 905278 159058 138888 54018 41113 7312 5593 112621 94456 6894 11271 110410 70715 24633 15062 19616 5840 13776 88077 88077 4070 4070 1426193 1330822 94871 500 399397 326830 37467 35100 66076 21173 27698 17205 38375 14532 23843 83237 53357 18560 11320 28324 12363 14046 1915 39628 30489 5677 3462 22906 4947 16909 1050 12157747 11118962 730602 308183 4669498 4743603 983743 1232499 730659 2001382 20190 22333 227072 169273 71401 57799 831600 51215 23002 7358306 8080618 704901 90439 1639004 1838458 36523 32760 2380428 1961657 X 3946811 2621571 1031067 3497390 4977878 6118961 7358306 8080618 X 1098401 52682 -10000 X 0 1 X 1 0 X 20526190 7228042 16184740 10582409 13197601 67718982 20526190 7228042 16184740 10582409 13197601 67718982 38863936 28855046 4660 5128 5636 3876 2230 21530 51126 215005 143128 9779 419038 68159550 0.42330 0.41620 X 12626 12626 11206336 11218962 710948 177737 0 0 836042 1000000 710948 2546990 3820485 435042 204595 12626 652263 209011 250000 177737 636748 955122 PART II-B, LINE 1: LOBBYING EFFORTS IN 2017 WERE FOCUSED ON LEGISLATION THAT ADDRESSED CHARTER SCHOOL EDUCATION IN PENNSYLVANIA UNDER HOUSE BILL 97. 100293 74765 25528 77475 57754 19721 49304 36754 12550 57799 DEFERRED RENT 32760 32760 X 13298830 52682 -10000 42682 13256148 0 13256148 12157747 0 12157747 0 12157747 PART X, LINE 2: INCOME TAXES: THE ORGANIZATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGE -10,000. 1 BIG PICTURE PHILADELPHIA 126 W DAUPHIN STREET 136 PHILADELPHIA PA 19133 261413610 501(C)(3) 300000 STARTUP GRANT - VAUX HIGH SCHOOL BOYS LATIN OF PHILADELPHIA CHARTER SCHOOL 5501 CEDAR AVE PHILADELPHIA PA 19143 203597185 501(C)(3) 18118 SEARCH FOR MIDDLE SCHOOL PRINCIPAL THE CENTER FOR BETTER SCHOOLS 11A BRIDGE STREET NEWPORT RI 02840 271565143 501(C)(3) 150400 SUPPORT A TWO YEAR PILOT PROGRAM OF TEACHER AND PRINCIPAL PROFESSIONAL DEVELOPMENT DREXEL UNIVERSITY 1505 RACE STREET 10TH FLOOR PHILADELPHIA PA 19102 231352630 501(C)(3) 293993 STARTUP OF DRAGONSTEACH MIDDLE YEARS TEACHER RESIDENCY PROGRAM FAITH IN THE FUTURE FOUNDATION 2701 RENNAISANCE BLVD 4TH FLOOR KING OF PRUSSIA PA 19406 455064611 501(C)(3) 51133 TECHNICAL ASSISTANCE - SS. NEUMANN AND GORETTI HIGH SCHOOL FAITH IN THE FUTURE FOUNDATION 2701 RENNAISANCE BLVD 4TH FLOOR KING OF PRUSSIA PA 19406 455064611 501(C)(3) 41666 SCHOOL TURNAROUND - SS. NEUMANN AND GORETTI HIGH SCHOOL FOLK ARTS CULTURAL TREASURES CHARTER SCHOOL 1023 CALLOWHILL STREET PHILADELPHIA PA 19123 522457806 501(C)(3) 34000 ADDITIONAL CHARTER FOLK ARTS CULTURAL TREASURES CHARTER SCHOOL 1023 CALLOWHILL STREET PHILADELPHIA PA 19123 522457806 501(C)(3) 125000 SCHOOL GROWTH FREIRE FOUNDATION 2027 CHESTNUT STREET PHILADELPHIA PA 19103 233001981 501(C)(3) 194440 STARTUP GRANT - TECH FREIRE CHARTER HIGH SCHOOL GLOBAL LEADERSHIP ACADEMY 4601 W GIRARD AVENUE PHILADELPHIA PA 19131 232978457 501(C)(3) 775000 SCHOOL TURNAROUND - SAMUEL B. HUEY ELEMENTARY SCHOOL HEBREW PUBLIC 555 8TH AVENUE SUITE 1703 NEW YORK NY 10018 264077251 501(C)(3) 21470 SCHOOL GROWTH HEBREW PUBLIC 555 8TH AVENUE SUITE 1703 NEW YORK NY 10018 264077251 501(C)(3) 15000 INCUBATION GRANT HILL-FREEDMAN WORLD ACADEMY 1100 E MT PLEASANT AVE PHILADELPHIA PA 19150 236004102 78373 TECHNICAL ASSISTANCE FOR EARMARKED SCHOOL IMHOTEP INSTITUTE CHARTER HIGH SCHOOL 2101 W GODFREY AVE PHILADELPHIA PA 19138 232961661 501(C)(3) 100000 SCHOOL TURNAROUND INDEPENDENCE CHARTER SCHOOL WEST 5600 CHESTER AVENUE PHILADELPHIA PA 19143 474364095 501(C)(3) 250000 STARTUP GRANT INDEPENDENCE MISSION SCHOOLS 640 FREEDOM BUSINESS CENTER DRIVE SUITE 115 KING OF PRUSSIA PA 19406 454720688 501(C)(3) 421825 IMPLEMENTATION OF ST. THOMAS AQUINAS STRATEGIC TURNAROUND PLAN INDEPENDENCE MISSION SCHOOLS 640 FREEDOM BUSINESS CENTER DRIVE SUITE 115 KING OF PRUSSIA PA 19406 454720688 501(C)(3) 365000 IMPLEMENTATION OF ST. MALACHY STRATEGIC TURNAROUND PLAN INQUIRY SCHOOLS PO BOX 30377 PHILADELPHIA PA 19103 462735104 501(C)(3) 149154 STARTUP GRANT - SCIENCE LEADERSHIP ACADEMY MIDDLE SCHOOL INQUIRY SCHOOLS PO BOX 30377 PHILADELPHIA PA 19103 462735104 501(C)(3) 50000 STARTUP GRANT - SCIENCE LEADERSHIP ACADEMY MIDDLE SCHOOL AT BEEBER KIPP ADMINISTRATIVE SERVICES CORP 5070 PARKSIDE AVENUE 3500D PHILADELPHIA PA 19131 050546103 501(C)(3) 100038 STARTUP GRANT - KIPP WEST PHILADELPHIA ELEMENTARY SCHOOL KIPP ADMINISTRATIVE SERVICES CORP 5070 PARKSIDE AVENUE 3500D PHILADELPHIA PA 19131 050546103 501(C)(3) 517500 TECHNICAL ASSISTANCE - TEACHER PIPLELINE KIPP ADMINISTRATIVE SERVICES CORP 5070 PARKSIDE AVENUE 3500D PHILADELPHIA PA 19131 050546103 501(C)(3) 50000 EXPAND EMERGING LEADERS PROGRAM MAST COMMUNITY CHARTER SCHOOL 1800 BYBERRY ROAD PHILADELPHIA PA 19116 473810173 501(C)(3) 350000 SCHOOL GROWTH MASTERY CHARTER SCHOOLS FOUNDATION 5700 WAYNE AVENUE PHILADELPHIA PA 19144 205593485 501(C)(3) 1500000 TURNAROUND OF WISTER ELEMENTARY MASTERY CHARTER SCHOOLS FOUNDATION 5700 WAYNE AVENUE PHILADELPHIA PA 19144 205593485 501(C)(3) 15000 SUPPORT PARTICIPATION IN RELAY'S NATIONAL PRINCIPALS ACADEMY FELLOWSHIP THE NEW TEACHER PROJECT INC 186 JORALEMON STREET SUITE 300 BROOKLYN NY 11201 133850158 501(C)(3) 550000 SUPPORT PLANNING AND IMPLEMENTATION OF PHILLYPLUS PROGRAM MODEL NEW VENTURE FUND 1201 CONNECTICUT AVE NW SUITE 300 WASHINGTON DC 20036 205806345 501(C)(3) 272060 STARTUP GRANT - BUILDING 21 HIGH SCHOOL RELAY GRADUATE SCHOOL OF EDUCATION 40 W 20TH STREET 7TH FLOOR NEW YORK NY 10011 275316628 501(C)(3) 58500 SUPPORT OF THE GROWING RELAY TEACHING RESIDENCY PROGRAM RUSSELL BYERS CHARTER SCHOOL 1911 ARCH STREET PHILADELPHIA PA 19103 251867604 501(C)(3) 195000 SCHOOL GROWTH SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 155025 TURNAROUND OF JAMES G. BLAINE ELEMENTARY SCHOOL SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 156237 STARTUP GRANT - SCIENCE LEADERSHIP ACADEMY MIDDLE SCHOOL SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 500186 IMPLEMENTATION OF WALL-TO-WALL ACADEMIES MODEL AT ROXBOROUGH HIGH SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 124760 TURNAROUND OF WILLIAM D. KELLEY ELEMENTARY SCHOOL SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 44000 SUPPORT PARTICIPATION IN RELAY'S NATIONAL PRINCIPALS ACADEMY FELLOWSHIP SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 70428 SUPPORT ESTABLISHMENT OF A TEACHER RESIDENCY PROGRAM 19 2 PART I, LINE 2: APPLICANTS SELECTED FOR INVESTMENT WILL ENTER INTO AN AGREEMENT WITH PSP THAT SETS FORTH GOALS AND PERFORMANCE BENCHMARKS TIED TO GRANT DISBURSEMENT. PSP WILL WORK CLOSELY WITH APPLICANTS TO PROVIDE SUPPORT AND ADDRESS CHALLENGES TO ENSURE THAT GOALS AND BENCHMARKS ARE MET. IN SOME CASES, PSP MAY ALSO SEEK A SEAT ON THE APPLICANT'S BOARD OF DIRECTORS. 1 X X 0 0 0 0 0 0 0 1 0 MARK GLEASON EXECUTIVE DIRECTOR 222296 2704 0 0 0 0 8419 406 34321 1053 265036 4163 0 0 PART I, LINE 7 SENIOR MANAGERS OF PSP ARE ELIGIBLE FOR NON-FIXED BONUSES IN THE CASE OF THE EXECUTIVE DIRECTOR, THE BONUS AMOUNT IS DETERMINED BY THE BOARD. IN THE CASE OF OTHER SENIOR MANAGERS, BONUS AMOUNTS ARE DETERMINED BY THE EXECUTIVE DIRECTOR (AND IN SOME CASES, DEPENDING ON THE BASE SALARY OF THE MANAGER, APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD). BONUS AMOUNTS ARE BASED PRIMARILY ON ASSESSMENT OF INDIVIDUAL PERFORMANCE, AND SECONDARILY ON THE ORGANIZATION'S SUCCESS IN ACHIEVING GOALS FOR THE PRIOR YEAR. IN ADDITION, OTHER STAFF OCCASIONALLY RECEIVE YEAR-END BONUSES BASED ON INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE. YEAR-END BONUS AMOUNTS ARE DETERMINED BY AN EMPLOYEE'S DIRECT SUPERVISOR AND THE EXECUTIVE DIRECTOR. COLLECTIVELY, NOT INCLUDING THE SENIOR BONUS AMOUNTS LISTED ON SCHEDULE J PART II, PSP PAID A TOTAL OF $38,500 IN OTHER STAFF BONUSES DURING 2017. X 4 1264571 FAIR MARKET VALUE 0 0 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS FOR NON-CASH GIFTS ARE BASED ON THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: PSP MAINTAINS ONE BROKERAGE ACCOUNT WITH AN UNRELATED THIRD PARTY. DONORS ARE INSTRUCTED TO TRANSFER ANY GIFTS OF STOCK TO THIS ACCOUNT. UPON RECEIPT, THE BROKER IS INSTRUCTED TO LIQUIDATE THE SECURITIES AS SOON AS POSSIBLE. SALES OF STOCK OCCUR NO LATER THAN ONE WEEK FROM BEING RECEIVED BY THE DONOR. PROCEEDS FROM EACH SALE ARE DEPOSITED INTO A MONEY MARKET FUND MAINTAINED BY THE BROKER. PERIODICALLY, PSP WILL TRANSFER FUNDS FROM THE MONEY MARKET ACCOUNT TO ITS OPERATING ACCOUNT. FORM 990, PART I, LINE 1: PHILADELPHIA SCHOOL PARTNERSHIP (PSP) AIMS TO IMPROVE PHILADELPHIA'S SCHOOLS SO THAT ALL CHILDREN HAVE ACCESS TO QUALITY EDUCATION AND ARE WELL POSITIONED TO SUCCEED IN LIFE, BOTH WHILE IN SCHOOL (INCLUDING HIGHER EDUCATION) AND AFTER SCHOOL. FORM 990, PART III, LINE 1: PSP'S MISSION IS TO IMPROVE OUTCOMES FOR LOW-INCOME STUDENTS AND RESPOND TO THE DEMAND OF FAMILIES BY EXPANDING ACCESS TO GREAT SCHOOLS. PRIMARILY, WE DO THIS BY HELPING TO INCREASE THE NUMBER OF HIGH-PERFORMING CHARTER, DISTRICT AND PRIVATE SCHOOLS IN THE CITY OF PHILADELPHIA, WITH AN EMPHASIS ON CREATING OPPORTUNITIES FOR LOW-INCOME STUDENTS TO ENROLL. WE RAISE PHILANTHROPIC FUNDS AND INVEST THOSE FUNDS IN SCHOOL OPERATORS AND PEOPLE THAT HAVE THE ABILITY TO CREATE AND MAINTAIN GREAT SCHOOLS ACROSS THE CITY. ALSO, WE ACTIVATE PARENTS TO DEMAND GREAT SCHOOLS IN THEIR COMMUNITIES AND FACILITATE THE SHARING OF BEST PRACTICES AMONG SCHOOL LEADERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ENGAGED OUR INDEPENDENT ACCOUNTANTS RSM US LLP TO PREPARE FORM 990 BASED ON THE AUDITED FINANCIAL STATEMENTS. THE COMPLETED FORM IS REVIEWED BY PSP'S EXECUTIVE DIRECTOR AND SHARED WITH PSP'S BOARD FINANCE COMMITTEE FOR REVIEW AND COMMENT. FORM 990, PART VI, SECTION B, LINE 12C PSP ADOPTED A CONFLICT OF INTEREST POLICY IN SEPTEMBER, 2010. PSP BOARD MEMBERS AND OFFICERS ARE REQUIRED TO DISCLOSE CONFLICTS ON AN ANNUAL BASIS USING A DISCLOSURE FORM THAT HAS BEEN APPROVED BY THE BOARD OF DIRECTORS. THE BOARD'S NOMINATING COMMITTEE REVIEWS THE DISCLOSURES TO ENSURE THAT (A) THERE ARE NO CONFLICTS, OR (B) ANY BOARD-MEMBER OR OFFICER INTERESTS WHICH CREATE THE POTENTIAL FOR CONFLICTS HAVE BEEN PROPERLY NOTED, AND THAT CARE HAS BEEN TAKEN BY THE BOARD TO FOLLOW THE PROCEDURES OUTLINED IN THE BOARD'S CONFLICT OF INTEREST POLICY TO ENSURE THAT THE INTEREST(S) IN QUESTION DO NOT INFLUENCE BOARD OR MANAGEMENT DECISIONS. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A DIRECTOR OR COMMITTEE MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM SUCH MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD SUCH MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR APPLICABLE COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS FORMED A COMPENSATION COMMITTEE, WHICH MEETS ONE OR MORE TIMES PER YEAR TO REVIEW THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES. BASE COMPENSATION, AS WELL AS RAISES AND BONUSES, IS DETERMINED BY THREE PRIMARY FACTORS: THE BUDGET OF THE ORGANIZATION; A REVIEW OF COMPENSATION PAID IN OTHER SIMILAR NONPROFIT INSTITUTIONS, BOTH LOCAL AND NATIONAL, FOR COMPARABLE POSITIONS; AND THE PERFORMANCE OF THE OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND POLICIES WILL BE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). REQUESTS WILL BE HONORED WITHIN TEN (10) BUSINESS DAYS AT NO COST TO THE REQUESTER. FORM 990, PART IX, LINE 11G OTHER MISCELLANEOUS (SEE EXPANDED DESCRIPTION BELOW): PROGRAM SERVICE EXPENSES 1,330,822. MANAGEMENT AND GENERAL EXPENSES 94,871. FUNDRAISING EXPENSES 500. TOTAL EXPENSES 1,426,193. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGE -10,000. FORM 990, PART IX, LINE 11G, OTHER FEES DESCRIPTION: THIS LINE INCLUDES $1,049,893 OF COSTS INCURRED BY THE NEW TEACHER PROJECT, INC. (TNTP). TNTP PROVIDES SERVICES UNDER PSP'S TALENT AND COLLABORATION PROGRAM AND OFFERS TRAINING AND LEADERSHIP DEVELOPMENT TO PRINCIPALS AND OTHER SCHOOL LEADERS. THE REMAINING EXPENSES ARE PRIMARILY ATTRIBUTED TO THE ONGOING OPERATION OF THE GREAT PHILLY SCHOOLS PROGRAM. THIS INCLUDES COSTS PAID TO OUTSIDE VENDORS FOR VARIOUS SERVICES INCLUDING DATA MANAGEMENT, COMMUNITY OUTREACH, CONTENT DEVELOPMENT, GENERAL CONSULTING, WEBSITE DEVELOPMENT, RESEARCH AND PUBLISHING. IN ADDITION, THIS LINE ALSO INCLUDES FEES PAID TO OUTSIDE FIRMS FOR RECRUITING AND HUMAN RESOURCE SERVICES AND CONSULTING. PHILADELPHIA SCHOOL ADVOCACY PROJECT 5070 PARKSIDE AVENUE SUITE 3301 PHILADELPHIA PA 19131 471030443 ADVOCACY FOR POLICIES PA 501(C)(4) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0