THE PHILADELPHIA EDUCATION FUND: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- THE PHILADELPHIA EDUCATION FUND (EIN 22-2567982)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-05-16
- IRS object ID
- 201611379349310911
- Schema version
- 2014v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-05-16T17:54:17-05:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mitchell & Titus LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1818 Market Street Suite 2900 | AddressLine1Txt |
| City | Philadelphia | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 191033652 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222567982 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PHILADELPHIA EDUCATION FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % NIKELE D JONES | InCareOfNm |
| Business Name Control | PHIL | BusinessNameControlTxt |
| Phone | 2156651400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1709 BENJAMIN FRANKLIN PARKWAY 700 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FARAH JIMENEZ | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 2156651400 | PhoneNum |
| Signature | 2016-05-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FREDERICK E DAVIS JR | PreparerPersonNm |
| PTIN | P00446023 | PTIN |
| Phone | 2155617300 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | FARAH JIMENEZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1709 BENJAMIN FRANKLIN PARKWAY | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,375,486 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PHILAEDFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1984 | FormationYr |
| Legal Domicile State | PA | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF THE PHILADELPHIA EDUCATION FUND (THE ED FUND) IS TO IMPROVE THE QUALITY OF PUBLIC EDUCATION IN PHILADELPHIA AND THE REGION SO THAT YOUTH ARE PREPARED FOR COLLEGE AND CAREERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 51 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $3,641,737 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,115,553 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $338,374 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $314,575 | CYProgramServiceRevenueAmt |
| PY Investment Income | $290,620 | PYInvestmentIncomeAmt |
| CY Investment Income | $153,413 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,405 | PYOtherRevenueAmt |
| CY Other Revenue | $2,254 | CYOtherRevenueAmt |
| PY Total Revenue | $4,273,136 | PYTotalRevenueAmt |
| CY Total Revenue | $3,585,795 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $977,752 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $964,269 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,885,007 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,452,240 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $142,646 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,263,444 | PYOtherExpensesAmt |
| CY Other Expenses | $1,000,527 | CYOtherExpensesAmt |
| PY Total Expenses | $5,126,203 | PYTotalExpensesAmt |
| CY Total Expenses | $4,417,036 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$853,067 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$831,241 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $8,967,639 | TotalAssetsBOYAmt |
| Total Assets EOY | $8,020,467 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $254,720 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $277,751 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $8,712,919 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $7,742,716 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MISSION OF THE PHILADELPHIA EDUCATION FUND (THE ED FUND), AN INDEPENDENT NON-PROFIT ORGANIZATION, IS TO DRIVE EXCEPTIONAL OUTCOMES FOR ALL STUDENTS BY DEVELOPING GREAT TEACHERS AND BUILDING PATHS TO COLLEGE AND CAREER SUCCESS. SINCE 1985, THE ED FUND HAS ADVANCED EDUCATIONAL PRACTICE, SUPPORTED SCHOOLS AND STUDENTS, AND WORKED IN PARTNERSHIP WITH SCHOOLS, SCHOOL DISTRICTS, AND THE PHILADELPHIA COMMUNITY TO MOVE THE PUBLIC EDUCATION AGENDA FORWARD. THE ED FUND AIMS TO ESTABLISH AND COORDINATE HIGH-QUALITY EDUCATOR DEVELOPMENT AND SUPPORT FOR PHILADELPHIA PUBLIC SCHOOLS BY IMPROVING TEACHER PREPARATION PROGRAMS IN PHILADELPHIA; IMPROVING PROFESSIONAL DEVELOPMENT OF PHILADELPHIA PUBLIC SCHOOL TEACHERS; AND NETWORKING TEACHERS TO BUILD SUPPORT, LEARNING, AND LEADERSHIP OPPORTUNITIES. THE ED FUND ALSO ENVISIONS BUILDING A COLLEGE-AND-CAREER-GOING CULTURE IN PHILADELPHIA PUBLIC SCHOOLS BY EMBEDDING AN EXCELLENT COLLEGE- AND CAREER-GOING FRAMEWORK IN THE PHILADELPHIA PUBLIC SCHOOL SYSTEM; | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,439,148 | ExpenseAmt |
| Grant | $8,984 | GrantAmt |
| Revenue | $159,836 | RevenueAmt |
| Desc | THE PHILADELPHIA EDUCATION FUND HAS A LONG AND DISTINGUISHED HISTORY OF PREPARING NEW TEACHERS FOR PUBLIC SCHOOLS AND WORKING WITH TEACHERS TO IMPROVE THE QUALITY OF TEACHING AND LEARNING IN PUBLIC SCHOOLS. THE ED FUND ALSO WORKS IN PARTNERSHIP WITH SCHOOLS AND SCHOOL DISTRICTS TO PROVIDE TECHNICAL ASSISTANCE ON ISSUES OF TEACHING AND LEARNING, INCLUDING WHOLE-SCHOOL REFORM. THE ED FUND'S TEACHING AND LEARNING PROGRAMS INCLUDE: * PHILADELPHIA TEACHER RESIDENCY (PTR) IS A TEACHER PREPARATION PROGRAM FOR SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) PROFESSIONALS AND RECENT GRADUATES WHO WANT TO TEACH MATH AND SCIENCE IN PHILADELPHIA'S HIGH NEED SCHOOLS (GRADES 7-12). PTR IS A PARTNERSHIP BETWEEN THE PHILADELPHIA EDUCATION FUND, THE UNIVERSITY OF PENNSYLVANIA GRADUATE SCHOOL OF EDUCATION (PENN GSE) AND THE DREXEL UNIVERSITY SCHOOL OF EDUCATION & THE ACADEMY OF NATURAL SCIENCES OF DREXEL UNIVERSITY. FOR A FULL SCHOOL YEAR, PROGRAM PARTICIPANTS (RESIDENTS) WILL LEARN AT THE ELBOW OF EXPERIENCED TEACHERS IN PHILADELPHIA SECONDARY SCHOOL CLASSROOMS. AT THE SAME TIME, THEY WILL TAKE COURSEWORK AT EITHER THE UNIVERSITY OF PENNSYLVANIA GRADUATE SCHOOL OF EDUCATION OR DREXEL UNIVERSITY SCHOOL OF EDUCATION TO EARN BOTH A MASTER'S DEGREE AS WELL AS PENNSYLVANIA TEACHER CERTIFICATION. RESIDENTS COMMIT TO TEACH IN PHILADELPHIA PUBLIC SCHOOLS, INCLUDING CHARTER SCHOOLS, FOR AT LEAST THREE YEARS AFTER THE RESIDENCY YEAR OF PREPARATION. FOR THE GRADUATED RESIDENT'S FIRST THREE YEARS AS A FULL-TIME TEACHER OF RECORD, PTR PROVIDES ONGOING PROFESSIONAL DEVELOPMENT ACTIVITIES AND NETWORKING OPPORTUNITIES. PTR IS SINGULARLY FOCUSED ON THE THOROUGH PREPARATION OF MATH AND SCIENCE TEACHERS FOR PHILADELPHIA'S HIGH NEED, SECONDARY PUBLIC SCHOOLS. THE FIRST YEAR OF SOLO TEACHING CAN BE INTIMIDATING FOR ANY TEACHER. BUT BY THE TIME RESIDENTS BEGIN A SCHOOL YEAR IN THEIR OWN CLASSROOM, THEY ALREADY HAVE A YEAR OF EXPERIENCE, A THOROUGH UNDERSTANDING OF THE CHALLENGES THAT LIE AHEAD, AND AN ONGOING SUPPORT NETWORK. * EARLY WARNING SYSTEMS WAS BORN FROM RESEARCH CONDUCTED BY THE PHILADELPHIA EDUCATION FUND (THE ED FUND) AND JOHNS HOPKINS UNIVERSITY (JHU) IN 2006 THAT FOLLOWED APPROXIMATELY 13,000 SIXTH GRADERS IN THE 1996-97 SCHOOL YEAR THROUGH TO 2004, A YEAR PAST EXPECTED GRADUATION. AMONG THE MORE THAN 20 VARIABLES SCREENED (INCLUDING STANDARDIZED TEST SCORES, OVERAGE, GENDER, SOCIO-ECONOMIC STATUS, AND SPECIAL EDUCATION STATUS), THE FOUR VARIABLES THAT EMERGED AS MOST PREDICTIVE OF STUDENT DROP OUT WERE: - LOW ATTENDANCE (LESS THAN 80%) - POOR BEHAVIOR (THREE OR MORE NEGATIVE BEHAVIOR MARKS) - COURSE FAILURE IN LITERACY - COURSE FAILURE IN MATH THE RESEARCH SHOWED THAT STUDENTS WITH ANY OF THE EARLY WARNING INDICATORS HAVE ONLY A 10-20% CHANCE OF GRADUATING FROM HIGH SCHOOL. THESE FOUR VARIABLES MOST PREDICTIVE OF STUDENTS DROPPING OUT OF SCHOOL ARE CALLED THE EARLY WARNING INDICATORS OR ABCS (ATTENDANCE, BEHAVIOR, AND COURSE PASSAGE). THE ED FUND THEN CREATED THE EARLY WARNING INDICATORS/SYSTEMS PROJECT TO SYSTEMATICALLY COMBAT THE ABCS IN THE MIDDLE GRADES. * THE PHILADELPHIA MATH + SCIENCE COALITION, A THRIVING PARTNERSHIP OF 50 BUSINESSES, UNIVERSITIES, THE SCHOOL DISTRICT, THE PHILADELPHIA FEDERATION OF TEACHERS, AND OTHER NON-PROFITS WHICH HAS HELD HUNDREDS OF WORKING GROUP MEETINGS AND CONTRIBUTED THOUSANDS OF HOURS OF IN-KIND SERVICE DURING THE PAST THREE YEARS IN ORDER TO BRING RESOURCES AND EXPERTISE TO IMPROVE LOCALLY WHAT IS A NATIONAL CRISIS - THE QUALITY OF MATH AND SCIENCE INSTRUCTION IN PUBLIC SCHOOLS. THE COALITION'S VISION IS THAT PHILADELPHIA PUBLIC SCHOOL STUDENTS WILL GRADUATE FROM HIGH SCHOOL WITH STRONG STEM KNOWLEDGE AND SKILLS, ENABLING THEM TO SUCCEED IN A 21ST CENTURY STEM ECONOMY. THE MISSION OF THE COALITION IS TO FOSTER A COLLABORATIVE, CITY-WIDE STEM STAKEHOLDER COMMUNITY TO COORDINATE RESOURCES THAT SUPPORT PREPARATION OF ALL PHILADELPHIA PUBLIC SCHOOL STUDENTS TO BECOME PRODUCTIVE CITIZENS IN A 21ST CENTURY STEM ECONOMY. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,163,240 | ExpenseAmt |
| Grant | $947,285 | GrantAmt |
| Revenue | $144,739 | RevenueAmt |
| Desc | THE GOAL OF THE ED FUND'S DIRECT SERVICES PROGRAMS IS TO BRING THE DREAM OF A COLLEGE EDUCATION WITHIN REACH OF PUBLIC SCHOOL GRADUATES BY PROVIDING INFORMATION AND GUIDANCE ABOUT THE STEPS STUDENTS NEED TO TAKE TO PREPARE FOR COLLEGE AND BY HELPING STUDENTS SECURE THE NECESSARY FUNDS TO ATTEND COLLEGE. WORKING IN PARTNERSHIP WITH THE SCHOOL DISTRICT OF PHILADELPHIA, CHARTER SCHOOLS, HIGHER EDUCATION, COMMUNITY GROUPS, AND BUSINESSES, THESE PROGRAMS ENHANCE THE SCHOOL CURRICULUM BY PROVIDING COLLEGE ADVISORY SERVICES AND PREPARATORY WORKSHOPS, STANDARDIZED TEST PREPARATION, ACADEMIC ENRICHMENT PROGRAMS, AND OTHER "HANDS-ON" ASSISTANCE TO THOUSANDS OF CITY STUDENTS. THE ED FUND'S DIRECT SERVICES TO STUDENTS INCLUDES: * CREATED IN 1990, THE COLLEGE ACCESS PROGRAM IS PHILADELPHIA'S LARGEST AND MOST BROADLY BASED COLLEGE ASSISTANCE PROGRAM. WE HELP MAKE A COLLEGE EDUCATION ACCESSIBLE TO ANYONE INTERESTED IN PURSUING HIGHER EDUCATION REGARDLESS OF AGE, GRADE LEVEL, OR LOCATION. WE SERVE INDIVIDUAL BY PROVIDING DIRECT SERVICES TO MIDDLE AND HIGH SCHOOL STUDENTS FROM SELECT PARTNER SCHOOLS AND OFFERING INDIVIDUALIZED SUPPORT AT OUR PUBLIC COLLEGE ACCESS AND SUCCESS CENTER. * PHILADELPHIA SCHOLARS PROGRAM AWARDS "LAST DOLLAR" SCHOLARSHIPS FOR COLLEGE ACCESS PARTICIPANTS IN GOOD STANDING AT ACCREDITED COLLEGES AND UNIVERSITIES ACROSS THE COUNTRY. SCHOLARSHIPS ARE PROVIDED TO GRADUATES OF 18 PUBLIC AND CHARTER HIGH SCHOOLS ACROSS PHILADELPHIA. SINCE 1990, THE PHILADELPHIA SCHOLARS PROGRAM HAS AWARDED OVER $10 MILLION IN "LAST DOLLAR" SCHOLARSHIPS TO MORE THAN 1900 COLLEGE ACCESS STUDENTS. IN THE LAST YEAR, THE PROGRAM SUPPORTED OVER 300 STUDENTS WITH $1 MILLION IN COLLEGE SCHOLARSHIPS. * THE PHILADELPHIA POSTSECONDARY SUCCESS PROGRAM (PPSP) OF THE PHILADELPHIA EDUCATION FUND IS A COLLABORATIVE INITIATIVE DESIGNED TO INCREASE THE NUMBER OF LOW-INCOME AND FIRST-GENERATION PUBLIC HIGH SCHOOL STUDENTS WHO ENROLL AND SUCCEED IN POSTSECONDARY EDUCATION. PPSP IS WORKING IN THE FOLLOWING HIGH SCHOOLS: BENJAMIN FRANKLIN HIGH SCHOOL; JOHN BARTRAM HIGH SCHOOL; KENSINGTON CREATIVE & PERFORMING ARTS; KENSINGTON INTERNATIONAL BUSINESS/FINANCE & ENTREPRENEURIAL HIGH SCHOOL; KENSINGTON URBAN EDUCATION; OLNEY CHARTER HIGH SCHOOL; PAUL ROBESON HIGH SCHOOL; ROXBOROUGH HIGH SCHOOL. THROUGH A BROAD-BASED PARTNERSHIP TO DEVELOP A MODEL COLLEGE ACCESS AND SUCCESS SYSTEM, THE KEY WORK INCLUDES COORDINATING AND ALIGNING SERVICES THAT SUPPORT COLLEGE PREPARATION, CONTRIBUTING TO SCHOOL-WIDE COLLEGE READINESS CULTURES, AND INVOLVING STUDENT AND PARENTS IN PLANNING FOR COLLEGE BEGINNING IN THE NINTH GRADE. OVER THE PAST FIVE YEARS, A UNIQUE AND POWERFUL PUBLIC/PRIVATE PARTNERSHIP BETWEEN THE ED FUND, THE SCHOOL DISTRICT OF PHILADELPHIA AND SEVERAL LOCAL COLLEGES/UNIVERSITIES, HAS DEMONSTRATED THAT THE MAJOR OBSTACLE STANDING BETWEEN OUR STUDENTS AND POSTSECONDARY SUCCESS IS THE ABILITY TO CREATE A CLEAR PATHWAY OF SUPPORTS AND SERVICES FOR ALL STUDENTS. PPSP HAS DEVELOPED PARTNERSHIPS OF STAKEHOLDERS FROM K-12, COMMUNITY-BASED ORGANIZATIONS, POSTSECONDARY INSTITUTIONS, AND THE BUSINESS, FOUNDATION AND CIVIC SECTORS TO IMPROVE ACCESS TO COLLEGE FOR LOW-INCOME AND PUBLIC HIGH SCHOOL STUDENTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $51,846 | ExpenseAmt |
| Grant | $8,000 | GrantAmt |
| Revenue | $10,000 | RevenueAmt |
| Desc | AT THE HEART OF THE ED FUND'S CIVIC ENGAGEMENT WORK IS THE BELIEF THAT WITH CONSOLIDATED RESOURCES, COMMITTED LEADERSHIP, AND A COMMUNITY-WIDE FOCUS ON RESULTS, MORE FAMILIES WILL REALIZE THE DREAM OF SEEING THEIR CHILDREN RECEIVE A RIGOROUS SECONDARY EDUCATION THAT PREPARES THEM FOR COLLEGE AND CAREERS. TOWARDS THAT END, THE ED FUND ENABLES PARTNERS - STUDENTS, SCHOOL STAFF AND ADMINISTRATION, COMMUNITY-BASED ORGANIZATIONS, BUSINESSES, AND HIGHER-EDUCATION FACULTY AND ADMINISTRATORS - TO IMPROVE EDUCATION FOR ALL STUDENTS BY LEVERAGING NEW RESOURCES, INFORMATION AND EXPERTISE. THE ED FUND'S CIVIC ENGAGEMENT ACTIVITIES INCLUDE: * COMMUNITY PARTNERSHIP FOR NEIGHBORHOOD REFORM ENCOURAGES PARENTS AND COMMUNITY MEMBERS TO TAKE ACTION IN THE SCHOOL REFORM PROCESS AND SEEK IMPROVEMENTS IN THEIR NEIGHBORHOOD HIGH SCHOOLS. * ADVOCATING WITH OTHER STATEWIDE ORGANIZATIONS FOR EQUITABLE AND ADEQUATE SCHOOL FUNDING. * THE EDUCATION FIRST COMPACT, A WELL-ORGANIZED, ENGAGED AND HIGHLY INTERACTIVE GROUP, WHICH PROVIDES A FOCUSED AND FORCEFUL FORUM FOR DISCUSSION AND ADVOCACY IN REGARD TO ISSUES THAT ARE TIMELY AND CRITICAL TO THE ACADEMIC WELL-BEING OF PHILADELPHIA PUBLIC SCHOOL STUDENTS, LEADING TO EMERGENCE OF A PUBLIC VOICE THAT HAS CONTRIBUTED TO MODIFICATION OF TEACHERS' CONTRACTS, SITE-BASED TEACHER SELECTION AND SUPPORT FOR THE SMALL HIGH SCHOOLS MOVEMENT. * THE TEACHER NETWORKS INITIATIVE IS DESIGNED TO INCREASE THE PHILADELPHIA EDUCATION FUND'S CAPACITY TO FACILITATE, SUPPORT, AND INCUBATE BOTH "INTERNAL" (PROGRAM- OR PROGRAM-AREA RELATED) AND "EXTERNAL" (OUT-OF-SCHOOL, TEACHER-LED) TEACHER NETWORKS. THE ED FUND'S FOCUS FOR THE OUTCOME OF THIS WORK INCLUDES AN INCREASED CAPACITY TO SUPPORT THE INTERNAL AND EXTERNAL TEACHER NETWORKS WITH WHICH THE ED FUND IS CURRENTLY ENGAGED, THE DEVELOPMENT AND ENACTMENT OF A STRATEGY TO INCUBATE EMERGING TEACHER NETWORKS IN PHILADELPHIA AND THE DEVELOPMENT OF A WEB-BASED HUB TO CONNECT TEACHER NETWORKS AND TEACHERS IN THE CITY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $3,654,234 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 155 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 51 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NIKELE D JONES | PersonNm |
| Phone | 2156651400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1709 BENJAMIN FRANKLIN PKWYSTE 700 | AddressLine1Txt |
| City | PHILADELPHIA | CityNm |
| State Abbreviation | PA | StateAbbreviationCd |
| ZIP | 19103 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| DAVID BAKER | ||||||||
| BOARD CHAIR | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| MARK SILOW | ||||||||
| BOARD TREASURER | 1.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| RAY CREELY | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DARWIN WALKER | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JUDITH GAY | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| LYNNE GOLD-BIKIN ESQ | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DONALD HASKIN | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| KAREN KASKEY | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| LUCY KERMAN | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| SHERRI KYLE JONES | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| GREGORY ANDERSON | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| SOPHIA LEE | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| LESLEY TEWNION | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| JOANN MITCHELL | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DEBORAH O'BRIEN | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| SIOBHAN REARDON | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| KIRBY SMITH | ||||||||
| BOARD MEMBER | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| DARREN SPIELMAN | ||||||||
| PRESIDENT & CEO | 35.0 | 0.0 | Yes (X) | $137,960 | $0 | $25,965 | ||
| NIKELE JONES | ||||||||
| VP FINANCE & ADMINISTRATION | 35.0 | 0.0 | Yes (X) | $88,066 | $0 | $23,037 | ||
| WANDA MIAL | ||||||||
| SENIOR VICE PRESIDENT | 35.0 | 0.0 | $108,062 | $0 | $6,879 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $334,088 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $55,881 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $129,660 | FundraisingAmt |
| Government Grants | $827,556 | GovernmentGrantsAmt |
| All Other Contributions | $2,158,337 | AllOtherContributionsAmt |
| Total Contributions | $3,115,553 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| CONTRACT REVENUE | 611710 | $186,343 | $186,343 |
| SCHOLARSHIP REIMBURSEMENTS | 900099 | $128,232 | $128,232 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $314,575 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $254,058 | TotalRevenueColumnAmt |
| Exclusion | $254,058 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,656,300 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,756,945 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$100,645 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$100,645 | TotalRevenueColumnAmt |
| Exclusion | -$100,645 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $35,000 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $129,600 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $32,746 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,254 | TotalRevenueColumnAmt |
| Exclusion | $2,254 | ExclusionAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,585,795 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $314,575 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $155,667 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $964,269 | TotalAmt |
| Program Services | $964,269 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $334,088 | TotalAmt |
| Program Services | $289,706 | ProgramServicesAmt |
| Management And General | $30,061 | ManagementAndGeneralAmt |
| Fundraising | $14,321 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,616,350 | TotalAmt |
| Program Services | $1,425,184 | ProgramServicesAmt |
| Management And General | $115,855 | ManagementAndGeneralAmt |
| Fundraising | $75,311 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,959 | TotalAmt |
| Program Services | $47,026 | ProgramServicesAmt |
| Management And General | $915 | ManagementAndGeneralAmt |
| Fundraising | $2,018 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $274,337 | TotalAmt |
| Program Services | $258,232 | ProgramServicesAmt |
| Management And General | $5,024 | ManagementAndGeneralAmt |
| Fundraising | $11,081 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $177,506 | TotalAmt |
| Program Services | $167,085 | ProgramServicesAmt |
| Management And General | $3,252 | ManagementAndGeneralAmt |
| Fundraising | $7,169 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,705 | TotalAmt |
| Management And General | $38,705 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $266,717 | TotalAmt |
| Program Services | $175,925 | ProgramServicesAmt |
| Management And General | $90,792 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,104 | TotalAmt |
| Program Services | $6,874 | ProgramServicesAmt |
| Management And General | $8,230 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,430 | TotalAmt |
| Program Services | $30,493 | ProgramServicesAmt |
| Management And General | $40,937 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $215,149 | TotalAmt |
| Program Services | $45,043 | ProgramServicesAmt |
| Management And General | $168,606 | ManagementAndGeneralAmt |
| Fundraising | $1,500 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,394 | TotalAmt |
| Program Services | $9,163 | ProgramServicesAmt |
| Management And General | $7,231 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,399 | TotalAmt |
| Program Services | $87,261 | ProgramServicesAmt |
| Management And General | $1,855 | ManagementAndGeneralAmt |
| Fundraising | $20,283 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,413 | TotalAmt |
| Management And General | $1,413 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,752 | TotalAmt |
| Program Services | $10,145 | ProgramServicesAmt |
| Management And General | $19,607 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,929 | TotalAmt |
| Program Services | $1,670 | ProgramServicesAmt |
| Management And General | $49,259 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| HONORARIA AND STIPENDS | $7,213 | $4,713 | $2,000 | $500 |
| DUES AND SUBSCRIPTIONS | $34,638 | $31,243 | $3,395 | |
| PROGRAM MATERIALS | $108,130 | $76,404 | $21,986 | $9,740 |
| ALL OTHER EXPENSES | $35,554 | $23,798 | $11,033 | $723 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,417,036 | TotalAmt |
| Program Services | $3,654,234 | ProgramServicesAmt |
| Management And General | $620,156 | ManagementAndGeneralAmt |
| Fundraising | $142,646 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,800 | BOYAmt |
| EOY | $996 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $195,019 | BOYAmt |
| EOY | $190,295 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,997 | BOYAmt |
| EOY | $4,018 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $522,471 | BOYAmt |
| EOY | $337,220 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,693 | BOYAmt |
| EOY | $36,960 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $622,063 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $575,763 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,454 | BOYAmt |
| EOY | $46,300 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,119,473 | BOYAmt |
| EOY | $6,649,039 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $986,732 | BOYAmt |
| EOY | $755,639 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,967,639 | BOYAmt |
| EOY | $8,020,467 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,555 | BOYAmt |
| EOY | $82,566 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,098 | BOYAmt |
| EOY | $51,098 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,067 | BOYAmt |
| EOY | $144,087 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $254,720 | BOYAmt |
| EOY | $277,751 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $971,685 | BOYAmt |
| EOY | $737,818 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,741,234 | BOYAmt |
| EOY | $7,004,898 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,712,919 | BOYAmt |
| EOY | $7,742,716 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,967,639 | BOYAmt |
| EOY | $8,020,467 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$831,241 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$138,962 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,048,885 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,342,121 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,694,986 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,641,737 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,115,553 | CurrentTaxYearAmt |
| Total | $18,843,282 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,048,885 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,342,121 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,694,986 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,641,737 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,115,553 | CurrentTaxYearAmt |
| Total | $18,843,282 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $3,505,991 | SubstantialContributorsTotAmt |
| Public Support Total170 | $15,337,291 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $197,153 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $237,909 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $209,966 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $193,331 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $254,058 | CurrentTaxYearAmt |
| Total | $1,092,417 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $19,935,699 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $4,584,615 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.76934 | PublicSupportCY170Pct |
| Public Support PY170 | 0.69798 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Land | LandGrp | |
| Buildings | BuildingsGrp |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $145,473 | OtherCostOrOtherBasisAmt |
| Depreciation | $111,955 | DepreciationAmt |
| Book Value | $33,518 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $324,051 | OtherCostOrOtherBasisAmt |
| Depreciation | $311,269 | DepreciationAmt |
| Book Value | $12,782 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $152,539 | OtherCostOrOtherBasisAmt |
| Depreciation | $152,539 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $46,300 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RESTRICTED CASH HELD - OTHERS | $63,649 |
| RESTRICTED CASH EQUIVALENTS | $681,467 |
| OTHER ASSETS | $10,523 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $755,639 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO THIRD PARTY | $63,649 |
| LINE OF CREDIT | $80,438 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $144,087 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,479,838 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$138,962 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $33,005 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | -$105,957 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,585,795 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $3,585,795 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,450,041 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $33,005 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $33,005 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,417,036 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $4,417,036 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE D, PART X, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THE PHILADELPHIA EDUCATION FUND IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ED FUND IS EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE ED FUND AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR FURTHER DISCLOSURE IN THE NOTES TO THE FINANCIAL STATEMENTS. THE ED FUND FILES ANNUAL INFORMATION RETURNS WHICH ARE SUBJECT TO AUDITS BY TAXING JURISDICTIONS; HOWEVER, NO AUDITS FOR ANY PERIODS ARE CURRENTLY IN PROGRESS. MANAGEMENT BELIEVES THAT THE ED FUND IS NO LONGER SUBJECT TO SUCH AUDITS FOR YEARS PRIOR TO 2011. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | DINNER | Event1Nm |
| Gross Receipts Event1 | $164,660 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $129,660 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $35,000 | GrossRevenueEvent1Amt |
| Rent Facility Costs Event1 | $1,500 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $20,178 | FoodAndBeverageEvent1Amt |
| Other Direct Expenses Event1 | $11,068 | OtherDirectExpensesEvent1Amt |
| Other Events Total | 0 | OtherEventsTotalCnt |
| Gross Receipts Total | $164,660 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $129,660 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $35,000 | GrossRevenueTotalEventsAmt |
| Rent Fclty Costs Total Events | $1,500 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $20,178 | FoodAndBeverageTotalEventsAmt |
| Oth Direct Expnss Total Events | $11,068 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $32,746 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $2,254 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | GRANTS AND SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 299 | RecipientCnt |
| Cash Grant | $964,269 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE I, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | THE PHILADELPHIA SCHOLARS PROGRAM PROVIDES LAST DOLLAR SCHOLARSHIPS TO GRADUAYES OF 18 PUBLIC AND CHARTER HIGH SCHOOLS ACROSS PHILADELPHIA. SINCE THE PROGRAM STARTED IN 1990, WE HAVE GIVEN OUT OVER $10 MILLION TO MORE THAN 1,900 STUDENTS! WE PROVIDE OUR SCHOLARS WITH MENTORSHIP OPPORTUNITIES, WORKSHOPS WITH A COLLEGE SUCCESS AND CAREER PREP FOCUS, AND ONGOING SUPPORT. WE ALSO WORK WITH THE COLLEGE ACCESS PROGRAM, WHICH HELPS STUDENTS GET PREPARED FOR COLLEGE BY HOLDING WORKSHOPS, HELPING STUDENTS APPLY FOR FINANCIAL AID, GIVING ESSAY WRITING ADVICE, AND MORE. WE HAVE COLLEGE ACCESS COORDINATORS AT FIVE HIGH SCHOOLS AND AT OUR PUBLIC COLLEGE ACCESS AND SUCCESS CENTER. THE LAST DOLLAR SCHOLARSHIP IS A NEED-BASED "GAP-FILLING" AWARD. IT IS AWARDED WHEN A FAMILY'S EXPECTED FAMILY CONTRIBUTION (EFC) AND FINANCIAL AID PACKAGE TOTAL ARE LESS THAN THE COST OF ATTENDANCE; RESULTING IN UNMET FINANCIAL NEED. THROUGH THE PHILADELPHIA EDUCATION FUND, THE PHILADELPHIA SCHOLARS PROGRAM ADMINISTERS LAST DOLLAR SCHOLARSHIPS TO HIGH SCHOOL GRADUATES OF OUR COLLEGE ACCESS PROGRAM AND PARTNER HIGH SCHOOLS WHO HAVE A DOCUMENTED UNMET NEED BETWEEN $200 AND $4,000 DURING AN ACADEMIC YEAR. GRADUATING HIGH SCHOOL SENIORS WHO ACTIVELY PARTICIPATE IN THE PHILADELPHIA EDUCATION FUND COLLEGE ACCESS PROGRAM WITHIN ONE OF THE FIVE COLLEGE ACCESS PROGRAM SCHOOLS ARE ELIGIBLE TO APPLY. ALSO GRADUATING HIGH SCHOOL SENIORS AT PARTNER SCHOOLS ARE ABLE TO APPLY AND RECEIVE INFORMATION FROM THEIR GUIDANCE COUNSELOR AND MAY BE ELIGIBLE TO RECEIVE SCHOLARSHIP MONEY CONTINGENT ON AVAILABLE FUNDING. STUDENTS APPLY FOR GRANTS THROUGH THE ONLINE APPLICATION PROCESS. COMPLETED APPLICATIONS, ALONG WITH REQUIRED DOCUMENTATION ARE REVIEWED BY ED FUND PERSONNEL. SCHOLARSHIPS ARE DETERMINED BY SUBTRACTING THE EXPECTED FAMILY CONTRIBUTION (EFC) AND FINANCIAL AID PACKAGE FROM YOUR COLLEGE'S TOTAL COST OF ATTENDANCE. ANNUAL AWARD AMOUNTS WILL RANGE FROM $200 TO $4,000 DEPENDING ON NEED. STUDENTS CAN ONLY RECEIVE LAST DOLLAR SCHOLARSHIPS IF THEY HAVE UNMET FINANCIAL NEED, WHICH THE PHILADELPHIA SCHOLARS DETERMINES BY USING THE ABOVE FORMULA. IF A STUDENT DOES NOT DEMONSTRATE UNMET NEED, THEN HE/SHE WILL BE INELIGIBLE FOR THE LAST DOLLAR SCHOLARSHIP. SCHOLARSHIPS ARE RENEWAL FOR UP TO SIX YEARS. STUDENTS MUST REAPPLY EACH YEAR AND MET CERTAIN REQUIREMENTS: 1) STUDENTS MUST HAVE A DOCUMENTED UNMET NEED THAT IS WITHIN $200 - $4,000; 2) STUDENTS MUST BE ENROLLED FULL-TIME (12 OR MORE CREDITS PER SEMESTER) PURSUING AN ASSOCIATE'S OR BACHELOR'S DEGREE FROM AN ACCREDITED INSTITUTION; AND, 3) STUDENTS ARE REQUIRED TO PARTICIPATE IN TEN (10) HOURS OF COMMUNITY SERVICE EACH ACADEMIC YEAR THAT THEY REAPPLY FOR THE SCHOLARSHIP. REQUESTS FOR SCHOLARSHIP DISBURSEMENTS ARE SENT TO THE FINANCE DEPARTMENT ALONG WITH ALL SUPPORTING DOCUMENTATION FOR REVIEW AND APPROVAL. DISBURSEMENTS FOR THE SCHOOL YEAR ARE MADE TWICE A YEAR, IN THE FALL AND SPRING SEMESTERS. EACH SCHOLARSHIP DISBURSEMENT IS IN THE COLLEGE AND STUDENTS NAME AND REQUIRES DUAL ENDORSEMENTS. IN ADDITION, EACH SCHOLARSHIP CHECK IS SENT ALONG WITH A LETTER REQUESTING THE FINANCIAL AID OFFICE CONFIRM THAT THE STUDENT IS ENROLLED AT THE COLLEGE OR UNIVERSITY AS A FULL TIME STUDENT. IF THE STUDENT IS ENROLLED LESS THAN FULL TIME OR TRANSFERRED, THE FINANCIAL AID OFFICE IS REQUESTED TO INDICATE THE STUDENT'S STATUS ON THE LETTER AND RETURN THE CHECK. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DARREN SPIELMAN | PersonNm |
| Title | PRESIDENT & CEO | TitleTxt |
| Base Compensation Filing Org | $137,960 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $25,965 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $163,925 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, LINE 11B | A COPY OF THE FORM 990 AND REQUIRED SCHEDULES ARE DISTRIBUTED ELECTRONICALLY TO EACH VOTING BOARD MEMBER THROUGH EMAIL PRIOR TO FILING. EACH MEMBER IS ASKED TO REVIEW THE FORM 990 AND PROVIDE COMMENTS, QUESTIONS AND CONCERNS BY A SPECIFICED DATE. ALL BOARD MEMBER RESPONSES RECEIVED BY THE DUE DATE ARE ADDRESSED. ONCE THE DUE DATE FOR RESPONDING HAS PASSED AND ALL REQUIRED CHANGES ARE MADE, THE FORM 990 IS CONSIDERED FINAL AND FILED WITH THE IRS. |
| FORM 990, PART VI, LINE 12C | THE ED FUND REQUIRES ALL BOARD MEMBERS AND EMPLOYEES COMPLETE THE CONFLICT OF INTEREST FORM EVERY YEAR. ANY CONFLICTS DISCLOSED ARE REVEIWED BY THE ED FUNDS EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, LINE 15A & 15B | THE ED FUND'S EXECUTIVE DIRECTOR COMPENSATION WAS DETERMINED BASED ON A COLLABORATIVE EFFORT BETWEEN THE SEARCH COMMITTEE CONSISTING OF THE ED FUND'S EXECUTIVE COMMITTEE, PROGRAM DIRECTOR AND AN OUTSIDE STAKEHOLDER; AN OUTSIDE EXECUTIVE RECRUITING AGENCY AND THE ED FUND'S DIRECTOR OF FINANCE AND ADMINISTRATION. THE SEARCH COMMITTEE REVIEWS THE COMPENSATION OF THE PRECEDING EXECUTIVE DIRECTOR, THE COMPENSATION OF OTHER EXECUTIVE DIRECTORS AT NON-PROFIT ORGANIZATIONS OF SIMILAR SIZE AND BUDGET IN THE REGION AND DETERMINES A COMPENSATION RANGE. THE RANGE IS VIEWED IN CONJUNCTION WITH THE ORGANIZATION'S CURRENT AND PROSPECTIVE BUDGETS AND THE POTENTIAL CANDIDATE'S SALARY REQUEST. THE INITIAL OFFER IS APPROVED BY THE SEARCH COMMITTEE WITH THE FINAL ACCEPTANCE APPROVED BY THE BOARD CHAIR. ANY SUBSEQUENT INCREASES AND DECREASES IN THE BASE COMPENSATION OR BONUSES GIVEN ARE APPROVED BY THE EXECUTIVE COMMITTEE. THIS PROCESS WAS LAST USED IN APRIL 2012 WITH THE HIRING OF OUR NEW EXECUTIVE DIRECTOR. KEY EMPLOYEE'S SALARY IS DETERMINED BY LOOKING AT THE COMPENSATION INCLUDED IN THE BUDGET FOR THAT POSITION AND THE PROSPECTIVE EMPLOYEE'S COMPENSATION REQUEST. ALL COMPENSATION FOR NEW EMPLOYEES IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND/OR BOARD TREASURER AND FINANCE DIRECTOR. |
| FORM 990, PART VI, LINE 19 | THE ED FUND MAKES CERTAIN GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST. |
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