2015-02-10T09:28:38-06:00 2014-06-30 132060851 Owen J Flanagan & Co 60 East 42nd Street New York NY 10165 990 2013-07-01 133976873 THE PARTNERSHIP FOR INNER-CITY EDUCATION PART 2123711011 1011 FIRST AVENUE No 1856 NEW YORK NY 10022 DONALD J HERDRICH TREASURER 2123711011 2015-02-06 1 Kevin Sunkel P00706145 2126822783 2013 2016-02-25 16:41:14Z Amy Stevens 1011 FIRST AVENUE No 1856 NEW YORK NY 10022 40979770 0 X PARTNERSHIPNYC.ORG X 1997 NY The mission of the Partnership for Inner-City Education is to develop outstanding Catholic elementary schools that provide low-income students with the academic preparation, values and skills they need to break the cycle of poverty and lead fulfilling, productive lives. The Partnership for Inner-City Education supports the inner-city schools of the Archdiocese of New York in four main areas: tuition scholarship for disadvantaged students; programmatic and operational support; administrative, educational and operational services and capital repair grants to a set of six inner-city schools. The Partnership for Inner-City Education was created to provide a stable and longer-term source of support for inner-city schools and is operated independently from the Archdiocese of New York. 21 21 18 21 245201 201660 4926765 5294459 0 0 5950239 12544602 -3104 0 10873900 17839061 8325239 11981494 0 0 1094866 1618274 0 0 216637 1119651 1250072 10539756 14849840 334144 2989221 72414506 74004025 307453 320408 72107053 73683617 X The mission of the Partnership for Inner-City Education is to develop outstanding Catholic elementary schools that provide low-income students with the academic preparation, values and skills they need to break the cycle of poverty and lead fulfilling, productive lives. The Partnership provides tuition scholarships to those in need and assists schools in their quest to achieve academic excellence, financial stability and administrative efficiency, by awarding grants for academic and programmatic initiatives, professional development and operational support to a set of six inner-city elementary schools. The Partnership also seeks to ensure safe and enriched school facilities by providing grants to these elementary schools for necessary capital improvements. 0 0 5233539 5198457 Tuition scholarships are offered through several programs to students of need in grades pre-K through 12. Scholarships are aimed to retain current students as well as attract new students to the inner-city elementary and secondary schools. The Partnership provided at least part of the funding for tuition scholarships to more than 5,000 low-income students in fiscal 2014. 7095611 6009904 The Partnership provides administrative, educational and operational services to a set of six, inner-city pre-k to 8th grade schools governed by the Archdiocese of New York. The Partnership provides both human and financial resources to improve the academic achievement levels at these schools to benefit all the students that attend them and help lift students out of poverty. Additionally, resources are focused on strengthening the operations and finances of these schools by maximizing enrollment, improving efficiency, rationalizing increased costs, and stabilizing revenue sources. 929492 773133 Grants made to elementary and high schools outside the six school network for academic and enrichment programs and general operating support. Additionally, the Partnership funded an art program providing art instruction and professional development to approximately 25 inner-city elementary schools. 13258642 1 1 0 0 0 0 0 0 0 1 0 1 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 0 0 0 0 1 26 0 18 1 1 1 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X The Organization 2123711011 1011 FIRST AVENUE No 1856 NEW YORK NY 10022 Russell L Carson Chairman 1.00 X X 0 0 0 Amy M Stevens President 1.00 X X 0 0 0 Donald J Herdrich Treasurer 1.00 X X 0 0 0 Richard J Schmeelk Secretary 1.00 X X 0 0 0 Richard J Aslanian Trustee 1.00 X 0 0 0 Daniele Bodini Trustee 1.00 X 0 0 0 William Finnerman Vice Chairman 1.00 X X 0 0 0 Norman Eig Trustee 1.00 X 0 0 0 Barbara R Evans Trustee 1.00 X 0 0 0 Elizabeth Cogan Fascitelli Trustee 1.00 X 0 0 0 William E Flaherty Trustee 1.00 X 0 0 0 Peter T Grauer Trustee 1.00 X 0 0 0 Bonnie B Himmelman Trustee 1.00 X 0 0 0 Helen Lowe Trustee 1.00 X 0 0 0 Msgr Gregory Mustaciuolo Trustee 1.00 X 0 0 0 Jane B O'Connell Trustee 1.00 X 0 0 0 Thomas C Quick Trustee 1.00 X 0 0 0 Dr Timothy McNiff Trustee 1.00 X 0 0 0 Most Reverend Timothy M Dolan Trustee 1.00 X 0 0 0 Samuel A Di Piazza Jr Trustee 1.00 X 0 0 0 Jose Fernandez Trustee 1.00 X 0 0 0 Jill Kafka Executive Director 40.00 X 251879 0 59259 Karen McSherry CFO 40.00 X 134358 0 7595 George Grenier Director of Facilities 40.00 X 157697 0 498 Susan Zuckerman Deputy Director 40.00 X 117267 0 43464 Jen Gerber Deputy Director & Dir of Strategy 40.00 X 126249 0 575 787450 0 111391 5 0 1 0 Katie Winter Architecture 145 East 94th Street New York NY 10128 Architecture Design 281752 Legacy Capital Partners 1200 N Mayfair Rd Milwaukee WI 53226 Investment Management 177823 Legacy Pathways 3122 Fenton Avenue Bronx NY 10469 Professional Development 165800 Flag Capital Management 1266 East Main Street Stamford CT 06902 Investment Management 140358 Northern Trust 40 West 57th Street New York NY 10019 Investment Management 112640 6 5294459 446001 5294459 1055559 -52413 1107972 34629752 23140709 11489043 11489043 297614 11191429 17839061 0 245201 12299401 11981494 11981494 628258 444216 135276 48766 787169 624853 73986 88330 43024 33238 5437 4349 68733 38047 17737 12949 91090 70370 11511 9209 18000 18000 897446 897446 129224 37036 70166 22022 3371 2170 1201 34115 7282 24425 2408 44583 14207 26824 3552 5456 2661 799 1996 Office Renovation 80145 80145 Direct Fundraising and 25355 496 2202 22657 Temporary Personnel 4000 2000 2000 Printing and Publicatio 3994 3595 399 4383 572 3811 14849840 13258642 1374561 216637 9689795 5777121 17383611 48087778 45341100 20139126 72414506 74004025 307453 320408 307453 320408 X 32916728 36039124 3419725 3063893 35770600 34580600 72107053 73683617 72414506 74004025 2989221 -1412657 0 X X 0 1 X 1 0 X 4050178 7486939 7479964 4928689 5294459 29240229 4050178 7486939 7479964 4928689 5294459 29240229 9992990 19247239 1029138 2630334 792280 1325953 1055559 6833264 36073493 0.53360 0.55180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36584263 -1190000 894836 838336 55518 35395245 57828321 -21261576 808145 746145 44482 36584263 57398503 437818 925516 804145 129371 57828321 57851393 -468890 12179223 788145 11375078 57398503 56615224 448024 788145 57851393 0.97700 0.02300 0 0 0 Commonfund Natural Resources VII 871516 F Commonfund Natural Resources VIII 1554607 F FLAG II Private Equity 1480450 F FLAG III Private Equity 1745146 F FLAG IV Private Equity 2073489 F Legacy Ventures III 1660463 F Legacy Ventures IV 2312166 F Legacy Ventures V 2883934 F Sankaty Credit Opportunities 1429304 F TA Realty IX 1941066 F TA Realty X 1389573 F Thackeray 797412 F 20139126 Zero Coupon Loan Payable 320408 320408 X 16426404 -1412657 -1412657 17839061 0 17839061 14849840 0 14849840 0 14849840 Part V, Line 4: The earnings from the endowment fund are used to provide scholarship support and capital repair grants to schools. Part X, Line 2: Management has determined that the Partnership did not take any uncertain tax positions that would require financial statement recognition. 1 All Hallows High School (Bronx) 111 East 164th Street Bronx NY 10452 131740431 501 (c)3 74000 Tuition Scholarships, Donor Restricted Payment Aquinas High School (Bronx) 685 East 182nd Street Bronx NY 10457 131740432 501 (c)3 33900 Tuition Scholarships Cardinal Hayes High School (Bronx) 650 Grand Concourse Bronx NY 10451 270670928 501 (c)3 15750 Tuition Scholarships Cardinal Spellman High School (Bronx) One Cardinal Spellman Place Bronx NY 10466 270671022 501 (c)3 21750 Tuition Scholarships Cathedral High School (Manhattan) 350 East 56th Street New York NY 10022 270671104 501 (c)3 41940 Tuition Scholarships CESA - Immaculate Conception School (151 - Bronx) 378 East 151st Street Bronx NY 10455 201965233 501 (c)3 174004 Tuition Scholarships, Arts Program, Extended Academic Day, Academic & Operational Support and Fellow Program CESA - Mount CarmelHoly Rosary School (Manhattan) 371 Pleasant Avenue New York NY 10035 201965233 501 (c)3 192529 Tuition Scholarships, Operating & General, Field Trip, Capital, Dance, Music & Afterschool Programs, Testing and Professional Development CESA - Our Lady Queen of Angels School (Manhattan) 229 East 112th Street New York NY 10029 201965233 501 (c)3 167258 Tuition Scholarships, Arts & Fellow Program, Extended Academic Day, Secondary School Advisor and Field Trip CESA - Sacred Heart School 95 West 168th Street Bronx NY 10452 201965233 501 (c)3 232951 Tuition Scholarships, Music & Fellow Programs, Extended Academic Day, Secondary School Advisor, Professional Development-Science, Science Equipment & Supplies, Operating & General CESA - St Athanasius School (Bronx) 830 Southern Boulevard Bronx NY 10459 201965233 501 (c)3 275881 Tuition Scholarships, Extended Academic Day, Capital Projects, Operating & General, After School and Fellow Programs CESA - St Mark the Evangelist School 55 West 138th Street New York NY 10037 201965233 501 (c)3 180334 Tuition Scholarships, Extended Academic Day, Fellow and After School Programs Children's Scholarship Fund 8 West 38th Street New York NY 10018 134002189 501 (c)3 3460853 Tuition Scholarships Cooke Center for Learning and Development 475 Riverside Drive New York NY 10115 133396691 501 (c)3 198550 Professional Development - Literacy & Math Coaching Friends of Nick Foundation 8 West 38th Street New York NY 10018 204080397 501 (c)3 44000 Tuition Scholarships Immaculate Conception School 419 East 13th Street New York NY 10009 501 (c)3 9700 Arts Programs Immaculate Conception School 760 East Gun Hill Road Bronx NY 10457 132693055 501 (c)3 113615 Academic & Operational Support, Arts Program Incarnation School 570 West 175th Street New York NY 10033 132688407 501 (c)3 5000 Tuition Scholarships Inner-City Scholarship Fund 1011 First Avenue New York NY 10022 510453629 501 (c)3 905750 Tuition Scholarships, Donor Restricted Payment La Salle Academy (Manhattan) 44 East 2nd Street New York NY 10003 135562179 501 (c)3 8300 Tuition Scholarships Mount St Michael Academy (Bronx) 4300 Murdock Avenue Bronx NY 10466 131740475 501 (c)3 7550 Tuition Scholarships New York Hall of Science 47-01 111th Street Queens NY 11368 112104059 501 (c)3 42297 Science Program Notre Dame High School (Manhattan) 327 West 13th Street New York NY 10014 131782481 501 (c)3 21750 Tuition Scholarships Preston High School (Bronx) 2780 Schurz Avenue Bronx NY 10465 131853768 501 (c)3 17030 Tuition Scholarships Salesian High School 1776 Mansion Street Bronx NY 10460 132686486 501 (c)3 6575 Tuition Scholarships Santa Maria School (Bronx) 1510 Zerega Avenue Bronx NY 10462 132692936 501 (c)3 6300 Tuition Scholarships, Marketing St Anselm School (Bronx) 685 Tinton Avenue Bronx NY 10455 132693054 501 (c)3 50000 Academic & Operational Support St Catharine Academy (Bronx) 2250 Williamsbridge Road Bronx NY 10469 131641077 501 (c)3 7500 Tuition Scholarships St Ignatius School (Bronx) 854 Hunts Point Avenue Bronx NY 10474 133875918 501 (c)3 17645 Donor Restricted Payment St Jean Baptiste High School (Manhattan) 173 East 75th Street New York NY 10021 132693089 501 (c)3 21600 Tuition Scholarships St Luke School 222 Alexander Avenue Bronx NY 10454 132667168 501 (c)3 22150 Tuition Scholarships St Raymond Academy (Bronx) 1725 Castle Hill Avenue Bronx NY 10462 132688683 501 (c)3 6100 Tuition Scholarships St Raymond Elementary School (Bronx) 2380 East Tremont Avenue Bronx NY 10462 133615147 501 (c)3 476800 Tuition Scholarships, Donor Restricted Payment St Raymond High School for Boys (Bronx) 2151 St Raymond Avenue Bronx NY 10462 131958475 501 (c)3 6250 Tuition Scholarships St Vincent Ferrar School 1160 East 213th Street Bronx NY 10469 132686485 501 (c)3 8300 Tuition Scholarships Student Sponsor Partners 286 Madison Avenue New York NY 10017 133392965 501 (c)3 240892 Tuition Scholarships Transfiguration School (Manhattan) 29 Mott Street New York NY 10013 132693383 501 (c)3 25000 Donor Restricted Payment 36 Part I, Line 2: The different types of grants given are monitored in different ways. Scholarships are not paid until the Partnership receives verification the students are enrolled and in attendance for the year. The Partnership monitors projects funded by capital grants and funds are paid out against certificates of completion or other appropriate evidence of completion. X X 0 0 0 0 0 0 0 0 0 Jill Kafka Executive Director 251879 0 0 0 0 0 37239 0 22020 0 311138 0 0 0 George Grenier Director of Facilities 157697 0 0 0 0 0 0 0 498 0 158195 0 0 0 Susan Zuckerman Deputy Director 117267 0 0 0 0 0 20870 0 22594 0 160731 0 0 0 X 9 446001 Mean Market Value 0 0 0 Form 990, Part VI, Section B, line 11 A copy of the 990 is sent to the Board by e-mail before filing. Form 990, Part VI, Section B, line 12c Board members are required to disclose potential conflicts each year. The policy is monitored through multiple committee meetings throughout the year, as well as at board meetings. Form 990, Part VI, Section B, line 15 The Chairman and President review compensation for similar roles across a large universe of comparable organizations and then make the compensation decision. The Chairman and President also conduct performance reviews annually with the Executive Director. The Executive Director conducts reviews with staff on an annual basis. Form 990, Part VI, Section C, line 19 All governing documents including the conflict of interest policy and audit reports are available upon request. Part XI, Line 1 The Form 990 was prepared on the modified cash basis.