2017-10-11T14:42:50-05:00 2016-12-31 420714325 RSM US LLP 751 ARBOR WAY SUITE 200 BLUE BELL PA 19422 990 2016-01-01 273097212 THE PHILADELPHIA SCHOOLS PROJECT PHIL 4847858111 150 S INDEPENDENCE MALL W NO 1200 PHILADELPHIA PA 19106 MARK GLEASON EXECUTIVE DIRECTOR 4847858111 2017-10-02 1 LYNNE JOHNSON P00757336 2156418600 2017-10-02 2016 2022-09-23 18:48:47Z PHILADELPHIA SCHOOL PARTNERSHIP MARK GLEASON 150 S INDEPENDENCE MALL W NO 1200 PHILADELPHIA PA 19106 11042833 0 X WWW.PHILASCHOOLPARTNERSHIP.ORG X 2010 PA SEE SCHEDULE O 14 13 27 19 0 0 16197650 10592409 0 0 28778 2450 217405 145528 16443833 10740387 9655375 13033131 0 0 1683990 1740026 0 0 347063 3242258 3268926 14581623 18042083 1862210 -7301696 13834982 7358306 1538698 2380428 12296284 4977878 X SEE SCHEDULE O 0 0 12225564 11600070 GREAT SCHOOLS FUND (SCHOOL INVESTMENT): 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 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. 3280464 903061 TALENT AND COLLABORATION: THE ORGANIZATION 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. 788068 530000 ADVOCACY AND GOVERNMENT RELATIONS (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. 723042 PSP DEVELOPED AND NOW MAINTAINS A MULTIMEDIA INFORMATION RESOURCE THAT HELPS PARENTS AND GUARDIANS TO LEARN ABOUT SCHOOLS IN PHILADELPHIA.THE WEBSITE AND CORRESPONDING PRINT EDITION PROVIDES COMPREHENSIVE INFORMATION ON ALL K-12 SCHOOLS LOCATED IN THE CITY OF PHILADELPHIA, INCLUDING DISTRICT, PUBLIC CHARTER, PAROCHIAL AND PRIVATE SCHOOLS. SUCH INFORMATION INCLUDES SCHOOL PROFILES AND PERFORMANCE RATINGS FOR MORE THAN 1,900 SCHOOLS. DATA IS CULLED FROM EVERY AVAILABLE SOURCE, INCLUDING PUBLIC SOURCES AND TRUSTED PARTNERS, SUCH AS THE SCHOOL DISTRICT OF PHILADELPHIA, THE PENNSYLVANIA DEPARTMENT OF EDUCATION, AND THE ARCHDIOCESE OF PHILADELPHIA- OFFICE OF CATHOLIC EDUCATION. THE GOAL IS TO PRESENT RELEVANT, TIMELY, USER-FRIENDLY INFORMATION TO HELP PARENTS AND STUDENTS EVALUATE, COMPARE, AND DEMAND HIGH-QUALITY SCHOOL OPTIONS. IT ALSO FEATURES ADVICE AND ANSWERS TO FREQUENTLY ASKED QUESTIONS ON TOPICS SUCH AS CHARTER SCHOOLS, SCHOLARSHIPS, HIGH-SCHOOL APPLICATION PROCESS, INTERACTING WITH A STUDENT'S TEACHER, AND MUCH MORE. IT IS FREE TO USE AND DOES NOT ACCEPT ADVERTISING. THE PROJECT IS CONSISTENTLY CRITICALLY REVIEWED BY AN ADVISORY COUNCIL, WHICH INCLUDES PARENTS AND REPRESENTATIVES OF LOCAL EDUCATION RESEARCHERS, SCHOOL LEADERS, CIVIC GROUPS, AND FOUNDATIONS. 723042 17017138 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 1 0 1 35 0 1 27 1 0 0 0 0 0 0 0 0 0 0 X 14 13 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 2.00 X X 0 0 0 CHRIS BRAVACOS DIRECTOR 2.00 X 0 0 0 WINSTON CHURCHILL DIRECTOR 2.00 X 0 0 0 EVELYN M MCNIFF DIRECTOR 3.00 X 0 0 0 RICHARD BINSWANGER DIRECTOR 2.00 X 0 0 0 HELEN CUNNINGHAM SECRETARY 2.00 X X 0 0 0 REVEREND BONNIE CAMARDA DIRECTOR 2.00 X 0 0 0 JOHN GRIFFIN JR DIRECTOR 3.00 X 0 0 0 ROBERT HALL DIRECTOR 2.00 X 0 0 0 STEPHANIE NAIDOFF DIRECTOR 2.00 X 0 0 0 JOHN STINE II DIRECTOR 3.00 X 0 0 0 JANINE YASS DIRECTOR 2.00 X 0 0 0 MARK GLEASON EXECUTIVE DIRECTOR 40.00 2.00 X X 211289 9336 44199 HALLEE ADELMAN DIRECTOR 2.00 X 0 0 0 NICOLE PULLEN ROSS VICE CHAIR 3.00 X X 0 0 0 ROMONA RISCOE BENSON DIRECTOR 2.00 X 0 0 0 MICHELE KREISLER RUBENSTEIN DIRECTOR 2.00 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 MICHAEL J WANG MANAGING DIRECTOR (THRU 8/2016) 15.00 30.00 X 49765 79251 6064 261054 88587 50263 2 0 1 0 THE NEW TEACHER PROJECT INC 186 JORALEMON STREET STE 300 BROOKLYN NY 11201 PROGRAM DEVELOPMENT CONSULTING 1651260 STRADLEY RONON STEVENS & YOUNG LLP 2005 MARKET STREET SUITE 2600 PHILADELPHIA PA 191037018 LOBBYING 137500 STEELE DYNAMICS 1209 A1A SOUTH ST AUGUSTINE FL 32080 STRATEGIC PLAN AND CURRICULUM REVIEW 104300 3 10592409 1087600 10592409 1476 1476 2400 0 2400 2400 2400 303420 302446 974 974 974 MANAGEMENT FEE 900099 143051 143051 MISCELLANEOUS INCOME 900099 77 77 143128 10740387 143051 0 4927 X 13033131 13033131 254029 11020 179502 63507 1214360 880943 153097 180320 39051 25608 7781 5662 117232 81433 19583 16216 115354 63116 33365 18873 19154 19154 89868 89868 204595 204595 2402859 2400009 2850 259300 200097 33415 25788 110600 29220 63109 18271 24311 2490 21801 20 72252 44104 16331 11817 27211 12028 13293 1890 29882 22839 4087 2956 28894 6505 20646 1743 18042083 17017138 677882 347063 10031157 4669498 1504716 983743 2173341 730659 25592 20190 215213 143812 28551 71401 831600 71625 51215 13834982 7358306 149480 704901 1388670 1639004 548 36523 1538698 2380428 X 7981258 3946811 4315026 1031067 12296284 4977878 13834982 7358306 X -7301696 -3800 -12910 X 0 1 X 1 0 X 19366228 20526190 7228042 16197650 10592409 73910519 19366228 20526190 7228042 16197650 10592409 73910519 42967330 30943189 349 4660 5128 5636 3876 19649 51126 215005 143128 409259 74339427 0.41620 0.39590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 204595 204595 16812543 17017138 1000000 250000 0 0 836042 1000000 1836042 2754063 435042 204595 639637 209011 250000 459011 688517 100293 67019 33274 70398 47042 23356 44522 29751 14771 71401 DEFERRED RENT 36523 36523 X 10723677 -3800 -12910 -16710 10740387 0 10740387 18042083 0 18042083 0 18042083 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, 2016 AND 2015. 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 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGE -12,910. 1 BOYS LATIN OF PHILADELPHIA CHARTER SCHOOL 5501 CEDAR AVE PHILADELPHIA PA 19143 203597185 501(C)(3) 242000 SCHOOL GROWTH, CAREER ACADEMICS, ENVIRONMENTAL EDUC. CENTER FOR BETTER SCHOOLS 11A BRIDGE STREET NEWPORT RI 02840 271565143 501(C)(3) 190190 TO SUPPORT A TWO YEAR PILOT OF TEACHER AND PRINCIPAL PROFESSIONAL DEVELOPMENT IN FOUR PSP PORTFOLIO SCHOOLS DREXEL UNIVERSITY 3201 ARCH STREET NO 420 PHILADELPHIA PA 19104 231352630 501(C)(3) 93268 TO INCUBATE A NEW MODEL FOR TEACHER PREPARATION AND CREATE A NEW PIPELINE OF MIDDLE SCHOOL TEACHERS FOR PHILADELPHIA SCHOOLS FAITH IN THE FUTURE FOUNDATION 550 AMERICAN AVE STE 300 KING OF PRUSSIA PA 19406 455064611 501(C)(3) 311367 TURNAROUND GRANT FOR SS. NEUMANN AND GORETTI HIGH SCHOOL FREIRE CHARTER SCHOOL FOUNDATION 2027 CHESTNUT STREET PHILADELPHIA PA 19103 272568814 501(C)(3) 905560 START-UP GRANT FOR TECH FREIRE CHARTER HIGH SCHOOL FRIENDS OF GW CARVER HIGH SCHOOL OF ENGINEERING AND SCIENCE 1600 W NORRIS STREET PHILADELPHIA PA 19121 465502849 501(C)(3) 36306 EXPANSION OF SCHOOL FRIENDSHIP EDUCATION FOUNDATION 1351 NICHOLSON STREET NW WASHINGTON DC 20011 464655147 501(C)(3) 50000 CHARTER APPLICATION FOR NEW SCHOOL GLOBAL LEADERSHIP ACADEMY CHARTER SCHOOL 601 ROUTE 73 NORTH NO 302 MARLTON NJ 08053 232978457 501(C)(3) 500000 TURNAROUND GRANT FOR SAMUEL B. HUEY ELEMENTARY HARAMBEE INSTITUTE OF SCIENCE AND TECHNOLOGY CHARTER SCHOOL 638-40 NORTH 66TH STREET PHILADELPHIA PA 19151 232926214 501(C)(3) 9900 STRATEGIC PLANNING EFFORTS HARAMBEE INSTITUTE OF SCIENCE AND TECHNOLOGY CHARTER SCHOOL 638-40 NORTH 66TH STREET PHILADELPHIA PA 19151 232926214 501(C)(3) 12375 TO SUPPORT PARTICIPATION IN RELAY'S NATIONAL PRINCIPALS ACADEMY FELLOWSHIP HILL-FREEDMAN MIDDLE SCHOOL 1100 E MT PLEASANT AVE PHILADELPHIA PA 19150 236004102 16592 TECHNICAL ASSISTANCE EARMARKED FOR SCHOOL IMHOTEP INSTITUTE CHARTER HIGH SCHOOL 6201 N 21ST STREET PHILADELPHIA PA 19138 232961661 501(C)(3) 675000 SCHOOL TURNAROUND GRANT INDEPENDENCE CHARTER SCHOOL WEST 5600 CHESTER AVENUE PHILADELPHIA PA 19143 474364095 501(C)(3) 1150000 START-UP GRANT INDEPENDENCE MISSION SCHOOLS 724 WEST LANCASTER AVE WAYNE PA 19087 454720688 501(C)(3) 600000 SUPPORT IMPLEMENTATION OF STRATEGIC TURNAROUND PLAN AT ST. THOMAS AQUINAS INDEPENDENCE MISSION SCHOOLS 724 WEST LANCASTER AVE WAYNE PA 19087 454720688 501(C)(3) 550000 SUPPORT IMPLEMENTATION OF STRATEGIC TURNAROUND PLAN AT ST. MALACHY INDEPENDENCE MISSION SCHOOLS 724 WEST LANCASTER AVE WAYNE PA 19087 454720688 501(C)(3) 12375 TO SUPPORT PARTICIPATION IN RELAY'S NATIONAL PRINCIPALS ACADEMY FELLOWSHIP INQUIRY SCHOOLS INC 2328 ASPEN ST PHILADELPHIA PA 19130 462735104 501(C)(3) 235478 START-UP AND EXPANSION GRANT FOR SCIENCE LEADERSHIP ACADEMY MIDDLE SCHOOL KIPP PHILADELPHIA CHARTER SCHOOL 2709 N BROAD STREET NO 4TH FL PHILADELPHIA PA 19132 050546103 501(C)(3) 584651 EXPANSION OF SCHOOL MAST II CHATER SCHOOL 1800 BYBERRY ROAD PHILADELPHIA PA 19116 473810173 501(C)(3) 1350000 SCHOOL GROWTH MASTERY CHARTER SCHOOLS FOUNDATION 5700 WAYNE AVE PHILADELPHIA PA 19144 205593485 501(C)(3) 2152500 TURNAROUND GRANT FOR WISTER ELEMENTARY AND FREDERICK DOUGLAS CHARTER SCHOOL MASTERY CHARTER SCHOOLS FOUNDATION 5700 WAYNE AVE PHILADELPHIA PA 19144 205593485 501(C)(3) 76920 TO SUPPORT PARTICIPATION IN RELAY'S NATIONAL PRINCIPALS ACADEMY FELLOWSHIP NATIONAL CENTER FOR HEBREW LANGUAGE CHARTER SCHOOL EXCELLENCE & DEVELOPMENT 555 EIGTH AVE NO 1703 NEW YORK NY 10018 264077251 501(C)(3) 38530 NEW CHARTER SCHOOL NEW FOUNDATIONS CHARTER SCHOOL 8001 TORRESDALE AVE PHILADELPHIA PA 19136 233040993 501(C)(3) 70375 DEVELOP SERVICE LEARNING RESOURCES AND PROFESSIONAL DEVELOPMENT NEW VENTURE FUND 1201 CONNECTICUT AVE NW SUITE 300 WASHINGTON DC 20036 205806345 501(C)(3) 458000 STARTUP OF A NEW 500 STUDENT PHILADELPHIA PUBLIC HIGH SCHOOL (BUILDING 21 FERGUSON) OUR LADY OF PORT RICHMOND 3233 E THOMPSON ST PHILADELPHIA PA 19134 262048428 501(C)(3) 60000 SCHOOL GROWTH PHILADELPHIA SCHOOL ADVOCACY PROJECT 150 S INDEPENDENCE MALL WEST STE 1200 PHILADELPHIA PA 19106 471030443 501(C)(4) 530000 TO SUPPORT ADVOCACY FOR INCREASED SCHOOL FUNDING RELAY GRADUATE SCHOOL OF EDUCATION 40 W 20TH STREET 7TH FLOOR NEW YORK NY 10011 275316628 501(C)(3) 78850 CONTINUE SUPPORT OF THE GROWING RELAY TEACHING RESIDENCY PROGRAM IN PHILADELPHIA RUSSELL BYERS CHARTER SCHOOL 1911 ARCH STREET PHILADELPHIA PA 19103 251867604 501(C)(3) 32000 APPLYING FOR ADDITIONAL CHARTER SCHOLAR ACADEMIES 100 W OXFORD STREET NO E-2000 PHILADELPHIA PA 19122 371582250 501(C)(3) 24750 TO SUPPORT PARTICIPATION IN RELAY'S NATIONAL PRINCIPALS ACADEMY FELLOWSHIP SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 106529 GRANT FOR JAMES G. BLAINE ELEMENTARY SCHOOL SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 629500 GROWTH GRANT FOR HILL FREEDMAN HIGH SCHOOL SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 260722 GRANT FOR WILLIAM D. KELLEY ELEMENTARY SCHOOL SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 179705 TURNAROUND GRANT FOR ROXBOROGH HIGH SCHOOL SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 93763 START-UP GRANT FOR SCIENCE LEADERSHIP ACADEMY MIDDLE SCHOOL SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 35592 TALENT DEVELOPMENT SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 300000 TO IMPLEMENT A COLLEGE AND CAREER READINESS PLATFORM SCHOOL DISTRICT OF PHILADELPHIA 440 N BROAD STREET PHILADELPHIA PA 19130 236004102 33000 TO SUPPORT EIGHT SCHOOL LEADERS IN RELAY'S NATIONAL PRINCIPALS ACADEMY FELLOWSHIP THE CITY SCHOOL 4115 BALTIMORE AVE PHILADELPHIA PA 19104 232073123 501(C)(3) 250000 SCHOOL GROWTH TNTP INC 186 JORALEMON STREET STE 300 BROOKLYN NY 11201 133850158 501(C)(3) 81333 TO ENABLE DREXEL UNIVERSITY TO BRING ON TNTP AS A DESIGN PARTNER WISSAHICKON CHARTER SCHOOL 4700 WISSAHICKON AVENUE PHILADELPHIA PA 19144 020534735 501(C)(3) 11000 ENVIRONMENTAL EDUCATION 30 10 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 211289 9336 0 0 0 0 8419 406 34321 1053 254029 10795 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 $28,250 IN OTHER STAFF BONUSES DURING 2016. X 3 1087600 FAIR MARKET VALUE 0 0 1 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 2,400,009. MANAGEMENT AND GENERAL EXPENSES 2,850. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,402,859. FORM 990, PART XI, LINE 9: LOSS ON UNCOLLECTIBLE PLEDGE -12,910. FORM 990, PART IX, LINE 11G, OTHER FEES DESCRIPTION: THIS LINE INCLUDES $2,069,374 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. THIS LINE ALSO INCLUDES EXPENSES PAID TO AN OUTSIDE VENDOR FOR VARIOUS SERVICES RELATING TO ADVOCACY INCLUDING CONSULTING AND WORKING WITH SCHOOL PARENTS TO PROMOTE BETTER QUALITY SCHOOLS. PHILADELPHIA SCHOOL ADVOCACY PROJECT 150 SOUTH INDEPENDENCE MALL WEST SU PHILADELPHIA PA 19106 473097212 ADOVACY FOR POLICIES PA 501(C)(4) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 PHILADELPHIA SCHOOL ADVOCACY PROJECT B 530000 CASH PHILADELPHIA SCHOOL ADVOCACY PROJECT O 79251 CASH