2025-10-22T14:00:13-05:00 2024-12-31 812950760 SAX LLP 389 INTERPACE PARKWAY STE 3 PARSIPPANY NJ 07054 990 2024-01-01 263618722 PENCILS OF PROMISE INCORPORATED PENC 2127773170 1115 BROADWAY FL 12 NEW YORK NY 10010 LESLIE ENGLE CEO 2127773170 2025-10-22 1 0 MARQUS WHITE P00053187 9734726250 2025-10-22 2024 2025-03-06 01:10:19Z LESLIE ENGLE 1115 BROADWAY FL 12 NEW YORK NY 10010 3039630 0 X WWW.PENCILSOFPROMISE.ORG X 2008 CT WE CREATE SCHOOLS, PROGRAMS AND GLOBAL COMMUNITIES AROUND THE COMMON GOAL OF EDUCATION FOR ALL. AT PENCILS OF PROMISE, INC. ("POP"), WE BELIEVE EVERY CHILD DESERVES ACCESS TO QUALITY EDUCATION. WE CREATE SCHOOLS, PROGRAMS AND GLOBAL COMMUNITIES AROUND THE COMMON GOAL OF EDUCATION FOR ALL. WE ACCOMPLISH THESE ACTIVITIES BY DEDICATING SIGNIFICANT AMOUNTS OF TIME, LABOR AND EFFORT RAINING MONEY IN THE U.S. THROUGH YOUTH AND PROFESSIONAL ENGAGEMENT PROGRAMS AND SPECIAL EVENTS. THE FUNDS RAISED ALLOW US TO INCREASE OUR DOMESTIC AND INTERNATIONAL REACH AND IMPACT. 11 11 8 12 0 0 3833497 2806538 0 0 0 0 -362816 1379 3470681 2807917 5121 0 0 0 1847997 1964218 0 0 340364 2034731 1981440 3887849 3945658 -417168 -1137741 1819029 1225764 35101 583963 1783928 641801 X WE BELIEVE EVERY CHILD DESERVES ACCESS TO QUALITY EDUCATION. WE CREATE SCHOOLS, PROGRAMS, AND GLOBAL COMMUNITIES AROUND THE COMMON GOAL OF EDUCATION FOR ALL. WE ACCOMPLISH THESE ACTIVITIES BY DEDICATING SIGNIFICANT AMOUNTS OF TIME, LABOR, AND EFFORT TO RAISING MONEY IN THE U.S. THROUGH YOUTH AND PROFESSIONAL ENGAGEMENT PROGRAMS AND SPECIAL EVENTS. THROUGH THE YOUTH AND PROFESSIONAL ENGAGEMENT PROGRAMS AND SPECIAL EVENTS. THE FUNDS RAISED ALLOW US TO INCREASE OUR DOMESTIC AND INTERNATIONAL REACH AND IMPACT. AT THE CONCLUSION OF 2024, WE HAVE BROKEN GROUND ON OVER 600 SCHOOLS AROUND THE WORLD. OUR SCHOOLS ARE OPEN TO STUDENTS IN EACH COUNTRY AND THE STAGES OF PLANNING AND CONSTRUCTION ARE UNDERWAY IN SEVERAL NEW COMMUNITIES ACROSS GHANA, GUATEMALA, AND LAOS. 0 0 2445815 1096 THE FIRST OF OUR CORE PROGRAMS IS SCHOOL CONSTRUCTION. WE PARTNER WITH LOCAL COMMUNITIES AND GOVERNMENTS TO STRENGTHEN EDUCATION INFRASTRUCTURE WHERE IT IS MOST NEEDED. IN THE SHORT TERM, OUR GOAL IS TO REPLACE INADEQUATE FACILITIES WITH SAFE, RELIABLE SCHOOL BUILDINGS. OVER THE LONG TERM, WE AIM TO IMPROVE STUDENT ATTENDANCE, PROGRESSION, AND TEST SCORES. THE PRIMARY BENEFICIARIES OF THIS PROGRAM ARE STUDENTS LEARNING IN POOR-QUALITY STRUCTURES AND TEACHERS WORKING IN THOSE SAME CONDITIONS. BY THE END OF 2024, WE HAD BROKEN GROUND ON 617 SCHOOLS ACROSS OUR PARTNER REGIONS. 674966 OUR SECOND CORE PROGRAM IS TEACHER SUPPORT. WE INVEST IN TEACHER DEVELOPMENT THROUGH IN-SERVICE AND WORKSHOP TRAINING SESSIONS. TWICE EACH MONTH, OUR STAFF VISIT GOVERNMENT TEACHERS IN PARTNER COMMUNITIES TO PROVIDE GUIDANCE IN LESSON PLANNING, METHODOLOGY TRAINING, AND BUILDING STRONGER CONNECTIONS WITH STUDENTS. TEACHERS ALSO ATTEND WORKSHOPS FOR GROUP TRAINING AND PEER NETWORK BUILDING. OUR APPROACH EMPHASIZES INTERACTIVE TEACHING METHODS THAT INCREASE STUDENT ENGAGEMENT, BECAUSE ENGAGED STUDENTS PERFORM AT HIGHER LEVELS. IN THE SHORT TERM, OUR TEACHER SUPPORT PROGRAMS FOCUS ON HELPING TEACHERS CREATE AND USE EFFECTIVE LESSON PLANS, ENCOURAGING INTERACTIVE METHODOLOGIES TO STRENGTHEN RAPPORT WITH STUDENTS, SUPPORTING PEER NETWORKS THROUGH WORKSHOPS, AND PROVIDING CLASSROOMS WITH TEACHING AND LEARNING MATERIALS. OVER THE LONG TERM, OUR GOAL IS TO RAISE PRIMARY STUDENT LITERACY SCORES ACROSS ALL OF OUR REGIONS. THE MAIN BENEFICIARIES OF OUR TEACHER SUPPORT PROGRAM ARE THE TEACHERS AND STUDENTS IN OUR SCHOOLS AND COMMUNITIES. BY THE END OF 2024, WE HAD SUPPORTED 5,012 TEACHERS ACROSS LAOS, GUATEMALA, AND GHANA. 330531 OUR THIRD CORE PROGRAM IS THE WASH PROGRAM, WHICH FOCUSES ON WATER, SANITATION, AND HYGIENE. WASH IS AN INTERNATIONALLY RECOGNIZED INITIATIVE ADOPTED BY UNICEF IN 2005 TO ADDRESS HYGIENE NEEDS IN THE DEVELOPING WORLD. WE BEGAN IMPLEMENTING WASH PRACTICES IN LAOS IN 2010 AND HAVE SINCE EXPANDED TO GUATEMALA AND GHANA. THROUGH THIS PROGRAM, WE BUILD SANITATION FACILITIES FOR STUDENTS AND TEACHERSSUCH AS HANDWASHING STATIONS AND BATHROOMSALONGSIDE NEW CLASSROOM CONSTRUCTION. OUR STAFF ALSO VISIT CLASSROOMS TWICE PER MONTH DURING THE SCHOOL YEAR TO TEACH LESSONS ON WATER, SANITATION, AND HYGIENE. THE PRIMARY GOALS OF THE WASH PROGRAM ARE TO ENSURE ACCESS TO SAFE TOILETS, POTABLE WATER, AND RELIABLE HANDWASHING STATIONS IN SCHOOLS LACKING THIS INFRASTRUCTURE, WHILE ALSO INCREASING PROPER HYGIENIC AND SANITARY BEHAVIOR AMONG PRIMARY STUDENTS. BY THE END OF 2024, WE HAD SUPPORTED1,277 SCHOOLS WITH WASH PROGRAMMING. 3451312 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 8 1 0 1 GH LA GT 0 0 0 1 1 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN NH NJ NM NY NC ND OR PA RI SC TN UT VA WV WI X X X TOM CASAZZONE 2127773170 1115 BROADWAY NO 1157 NEW YORK NY 10010 ADAM BRAUN CHAIR 5.00 X X 0 0 0 ROBERT HAMWEE TREASURER 5.00 X X 0 0 0 LESLIE ENGLE SECRETARY 5.00 X X 0 0 0 COURTNEY BEALE MEMBER 5.00 X 0 0 0 GABRIEL BOURGEOIS MEMBER 5.00 X 0 0 0 PHITSAMAY S UY MEMBER 5.00 X 0 0 0 ASTRID WOMBLE MEMBER 5.00 X 0 0 0 GARY VAYNERCHUK MEMBER 5.00 X 0 0 0 TAMMY FARLEY MEMBER 5.00 X 0 0 0 JASON HODES MEMBER 5.00 X 0 0 0 EMILY BONFIGLIO MEMBER 5.00 X 0 0 0 KAILEE SCALES CHIEF EXECUTIVE OFFICER 40.00 X 253562 0 29556 JULIE BAKER CHIEF DEVELOPMENT OFFICER 40.00 X 173944 0 19312 BRADLEY WISDOM CHIEF GLOBAL ADVANCEMENT O 40.00 X 126174 0 20243 553680 0 69111 3 0 1 0 CFO STRATEGIES LLC 1601 PERRINEVILLE ROAD UNIT 6371 MONROE NJ 08831 ACCOUNTING 191400 1 333704 2472834 2806538 231713 333704 231713 0 1096 0 1096 1096 OTHER SUPPORT 900099 283 283 283 2807917 1096 0 283 476374 328698 57165 90511 1148077 1030343 41464 76270 21524 18403 1147 1974 84841 78455 2128 4258 233402 196329 13742 23331 1539 1481 19 39 247057 211705 11784 23568 261289 222482 12936 25871 27478 27478 111733 94973 5587 11173 157853 136418 7145 14290 49753 49270 161 322 179172 158217 20955 35198 34494 704 SCHOOL BUILDINGS AND IN 488456 488456 SPECIAL EVENTS 188349 168025 20324 TEACHER SUPPORT 122044 122044 PROGRAM MATERIALS 46587 46587 64932 64932 3945658 3451312 153982 340364 1191796 1027081 500000 95163 20545 32030 1109727 1046237 98688 63490 8000 8000 1819029 1225764 35101 83963 500000 35101 583963 X 1132728 546638 651200 95163 1783928 641801 1819029 1225764 X -1137741 -4386 X 0 1 X 1 0 X 5475030 5024931 5854225 3833497 3013931 23201614 5475030 5024931 5854225 3833497 3013931 23201614 3704623 19496991 184 107 19 310 29573 283 29856 23231780 22062 0.83920 0.86390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61109 57432 3677 1048618 988805 59813 63490 X 2820995 17464 -4386 13078 2807917 0 2807917 3963122 17464 17464 3945658 0 3945658 PART X, LINE 2: THE ORGANIZATION IS A NON-PROFIT CORPORATION, EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIALS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOREIGN EXCHANGE GAIN/LOSSES -4,386. SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 1 25 PROGRAM SERVICES SCHOOL CONSTRUCTION, TEACHER TRAINING, WATER SANITATION & HYGIENE 867991 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 17 PROGRAM SERVICES SCHOOL CONSTRUCTION, TEACHER TRAINING, WATER SANITATION & HYGIENE 353307 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 1 14 PROGRAM SERVICES SCHOOL CONSTRUCTION, TEACHER TRAINING, WATER SANITATION & HYGIENE 749959 3 56 0 0 3 56 1971257 0 1971257 0 0 0 0 0 0 PART I, LINE 2: ALL GRANTS AND ASSISTANCE ISSUED TO INDIVIDUALS UNDERGO THE SAME SCRUTINY AS IF OUR ORGANIZATION CARRIED OUT THE SERVICE DIRECTLY. ONCE THE SCHOLARSHIP FUNDS ARE ISSUED TO THE INDIVIDUALS, THE GRANT UNDERGOES QUARTERLY REPORTING WHERE THE GRANTEE ISSUES BOTH QUANTITATIVE AND QUALITATIVE REPORTS TO OUR ORGANIZATION IN ORDER TO ACCURATELY MONITOR AND MEASURE THE IMPACT THAT OUR FUNDS ARE HAVING IN THE REGIONS WE WORK IN. PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES. SPECIAL EVENT 565417 333704 231713 231713 565417 333704 231713 231713 231713 0 X X X 0 0 0 0 0 0 0 0 0 KAILEE SCALES CHIEF EXECUTIVE OFFICER 253562 0 0 0 0 0 0 0 29556 0 283118 0 0 0 JULIE BAKER CHIEF DEVELOPMENT OFFICER 173944 0 0 0 0 0 1968 0 17344 0 193256 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF OPERATING OFFICER, IN COLLABORATION WITH THE FINANCE & GOVERNANCE COMMITTEE, IS TASKED WITH DRAFTING FORM 990, IN CONJUNCTION WITH AN INDEPENDENT ACCOUNTING FIRM. ALL MEMBERS OF THE COMMITTEE, THE CHIEF EXECUTIVE OFFICER, AND OTHER EMPLOYEES OF THE ORGANIZATION ARE PROVIDED WITH A COPY OF FORM 990 FOR REVIEW, COMMENT, AND APPROVAL. A COPY OF FORM 990 IS ALSO PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL EMPLOYEES, BOARD MEMBERS, AND OFFICERS OF THE ORGANIZATION. EACH PERSON IS ASKED TO READ THE POLICY EACH YEAR AND SIGN AN AFFIRMATION STATEMENT REGARDING THE POLICY. SHOULD A CONFLICT ARISE, THEY ARE BROUGHT TO THE ATTENTION OF THE CHIEF OPERATING OFFICER ("COO") (WHEN AN EMPLOYEE IS INVOLVED), AND THE CHAIRS OF THE BOARD OF DIRECTORS (WHEN A BOARD MEMBER OR OFFICER IS INVOLVED), AND BOTH ARE DISCUSSED AT THE BOARD LEVEL TO DECIDE THE PROPER COURSE OF ACTION. THERE ARE QUARTERLY CONFLICT CHECKS ADMINISTERED BY THE COO TO EMPLOYEES, AND BY THE CHAIRMAN OF THE BOARD TO BOARD MEMBERS. AT THE START OF EACH BOARD MEETING, THE CHAIR ASKS IF THERE ARE ANY CONFLICTS. IF THERE ARE, THE MEMBER RAISES TO THE LEVEL OF A CONFLICT THAT THE ORGANIZATION SHOULD NOT PURSUE. A FINAL DECISION IS MADE BY MEMBERS OF THE BOARD PRESENT, EXCLUDING THE CONFLICTED BOARD MEMBER. THE BOARD HAS AN ATTORNEY ON RETAINER WHO THEY CONSULT WITH IF NEEDED. SIMILAR DISCLOSURES AND PROCEDURES ARE USED FOR EMPLOYEES WITH POTENTIAL CONFLICTS, AND IS ADMINISTERED BY THE COO, WITH COUNSEL FROM THE BOARD CHAIR IF NEEDED. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION HAS A POLICY TO DETERMINE THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER WHICH INCLUDES: (1) REVIEW AND APPROVAL BY THE TALENT AND COMPENSATION COMMITTEE OF THE BOARD; (2) USE OF DATA AS TO COMPARABLE COMPENSATION; AND (3) CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. REVIEW AND APPROVAL - THE COMPENSATION OF THE CEO IS REVIEWED AND APPROVED BY THE TALENT AND COMPENSATION COMMITTEE OF THE BOARD. USE OF DATA AS TO COMPARABLE COMPENSATION - THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING - THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. THE CEO MAKES RECOMMENDATIONS FOR COMPENSATION FOR THE OTHER MEMBERS OF THE LEADERSHIP TEAM, AND THE BOARD DECIDES WHETHER TO SUPPORT THE CEO'S RECOMMENDATIONS. THE LAST COMPENSATION REVIEW PROCESS WAS UNDERTAKEN IN DECEMBER 2021. FORM 990, PART VI, SECTION C, LINE 19 POP MAKES ITS FORM 990 AND FORM 1023 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES, AS WELL AS THE ORGANIZATION'S OWN WEBSITE. IN ADDITION, THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATIONS WEBSITE, AS WELL AS UPON WRITTEN REQUEST. GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON A WRITTEN REQUEST. FORM 990, PART XI, LINE 9: LOSS OF FOREIGN CURRENCY -4,386.