THE PHILADELPHIA EDUCATION FUND: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- THE PHILADELPHIA EDUCATION FUND (EIN 22-2567982)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-15
- IRS object ID
- 201411359349308181
- Schema version
- 2012v2.3
- 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) |
|---|---|---|
| Timestamp | 2014-05-15T15:40:26-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mitchell & Titus LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1818 Market Street Suite 2900 | AddressLine1 |
| City | Philadelphia | City |
| State | PA | State |
| ZIP Code | 191033652 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222567982 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE PHILADELPHIA EDUCATION FUND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % NIKELE D JONES | InCareOfName |
| Name Control | PHIL | NameControl |
| Phone | 2156651400 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1709 BENJAMIN FRANKLIN PARKWAY | AddressLine1 |
| Address Line2 | Suite 700 | AddressLine2 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | NIKELE D JONES | Name |
| Title | VICE PRESIDENT OF FINANCE | Title |
| Phone | 2156651400 | Phone |
| Date Signed | 2014-05-15 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Frederick E Davis Jr | Name |
| Phone | 2155617300 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DARREN A SPIELMAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1709 BENJAMIN FRANKLIN PARKWAY | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5971851 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.PHILAEDFUND.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1984 | YearFormation |
| State Legal Domicile | PA | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 20 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 78 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 4342121 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3694986 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1473621 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 801697 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 281346 | InvestmentIncomePriorYear |
| Investment Income Current Year | 236111 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 11000 | OtherRevenuePriorYear |
| Other Revenue Current Year | 9050 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6108088 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4741844 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1071053 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1094348 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3244493 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2852258 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 122507 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1876859 | OtherExpensePriorYear |
| Other Expenses Current Year | 1426711 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 6192405 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5373317 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -84317 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -631473 | RevenuesLessExpensesCY |
| Total Assets BOY | 8944982 | TotalAssetsBOY |
| Total Assets EOY | 8847521 | TotalAssetsEOY |
| Total Liabilities BOY | 495005 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 384836 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 8449977 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 8462685 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE MISSION OF THE PHILADELPHIA EDUCATION FUND (THE ED FUND), AN INDEPENDENT NON-PROFIT ORGANIZATION, IS TO IMPROVE THE QUALITY OF PUBLIC EDUCATION IN PHILADELPHIA AND THE REGION, SO THAT YOUTH ARE PREPARED FOR COLLEGE AND CAREERS. SINCE 1985, THE ED FUND, WHICH RANKS AS ONE OF THE PREMIER ORGANIZATIONS AMONG THE MORE THAN 75 LOCAL EDUCATION FUNDS COMPRISING THE PUBLIC EDUCATION NETWORK, HAS PARTNERED WITH SCHOOLS, SCHOOL DISTRICTS, UNIVERSITIES, BUSINESSES, AND NON-PROFIT ORGANIZATIONS TO DEVELOP SCHOOL AND COMMUNITY-BASED PROGRAMS AND POLICIES AIMED AT PROVIDING CHILDREN IN THE PHILADELPHIA REGION ACCESS TO THE BEST POSSIBLE EDUCATION OPPORTUNITIES. THREE PRIMARY GOALS GUIDE THE WORK OF THE PHILADELPHIA EDUCATION FUND: * INCREASE THE NUMBER OF PUBLIC SECONDARY SCHOOLS (GRADES 6 - 12) THAT ARE HIGH PERFORMING; * INCREASE THE NUMBER OF PUBLIC SCHOOL STUDENTS WHO ACCESS POSTSECONDARY EDUCATION AND PERSIST TO COMPLETION; * POSITION THE PHILADELPHIA REGION AS CENTRAL TO STATE AND NATIONAL | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 1768730 | Expense |
| Grants | 21648 | Grants |
| Revenue | 391898 | Revenue |
| Description | 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. * DIPLOMAS NOW 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. * ARTSRISING, A STRATEGIC PARTNERSHIP WITH FLEISHER ART MEMORIAL AND PUBLIC CITIZENS FOR CHILDREN AND YOUTH, A COMMUNITY-WIDE EFFORT TO IMPROVE AND EXPAND EQUITABLE ACCESS TO HIGH QUALITY ARTS EDUCATION OPPORTUNITIES FOR CHILDREN IN THE GREATER PHILADELPHIA REGION SO THAT YOUTH ARE BETTER ENGAGED IN LEARNING AND FIND MULTIPLE PATHWAYS TO SUCCESS IN SCHOOL AND IN THEIR COMMUNITY. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 2471232 | Expense |
| Grants | 927050 | Grants |
| Revenue | 409798 | Revenue |
| Description | 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) 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 WAS INITIALLY SUPPORTED WITH A FIVE-YEAR GRANT FROM THE CITI FOUNDATION TO LAUNCH A NATIONAL POSTSECONDARY SUCCESS PROGRAM, WORKING WITH THREE LOCAL EDUCATION FUNDS IN PHILADELPHIA, MIAMI, AND SAN FRANCISCO. THE ACE GROUP, A MATCH FUNDING PARTNER AFTER THE SECOND YEAR OF THE INITIATIVE, HAS AGREED TO CONTINUE TO SUPPORT THE WORK GOING FORWARD. PPSP IS WORKING INITIALLY WITH FOUR PILOT SCHOOLS: * BENJAMIN FRANKLIN HIGH SCHOOL * ROXBOROUGH HIGH SCHOOL * KENSINGTON INTERNATIONAL BUSINESS/FINANCE & ENTREPRENEURIAL HIGH SCHOOL * KENSINGTON CREATIVE AND PERFORMING ARTS 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. * STUDENT SUCCESS CENTERS, A PARTNERSHIP BETWEEN THE ED FUND'S COLLEGE ACCESS PROGRAM AND THE SCHOOL DISTRICT OF PHILADELPHIA, ASSISTS STUDENTS BY CREATING A DEEP AND SUSTAINABLE COLLEGE-GOING CULTURE WITHIN LOCAL NEIGHBORHOOD HIGH SCHOOLS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 327163 | Expense |
| Description | 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. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 4567125 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | true | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 192 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 78 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | true | QuidProQuoContributions |
| Quid Pro Quo Disclosure | true | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 20 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | NIKELE D JONES | NamePerson |
| Telephone Number | 2156651400 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1709 BENJAMIN FRANKLIN PKWYSTE 700 | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (22 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| DIANE MELLEY | ||||||
| BOARD CHAIR | 1.0 | X | X | 0 | 0 | 0 |
| DAVID BAKER | ||||||
| BOARD TREASURER | 1.0 | X | X | 0 | 0 | 0 |
| PATRICIA COULTER | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| ERIC FLICKER | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| JUDITH GAY | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| LYNNE GOLD-BIKIN ESQ | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| DONALD HASKIN | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| JERRY JORDAN | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| KAREN KASKEY | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| LUCY KERMAN | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| SHERRI KYLE JONES | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| KENNETH LAWRENCE JR | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| SOPHIA LEE | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| WILLIAM MARRAZZO | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| JOANN MITCHELL | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| DEBORAH O'BRIEN | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| SIOBHAN REARDON | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| MARK SILOW | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| KIRBY SMITH | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| LAURIE THIBODEAU | ||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | |
| DARREN SPIELMAN AS OF 032012 | ||||||
| PRESIDENT/CEO | 35.0 | X | 74980 | 0 | 25759 | |
| NIKELE JONES | ||||||
| VP FINANCE & ADMINISTRATION | 35.0 | X | 95717 | 0 | 23425 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 170697 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 49184 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | COMMUNITIES IN SCHOOLS OF PA | NamePerson |
Address Of Contractor AddressOfContractor
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2000 HAMILTON STREET SUITE 201 | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Of Services | EDUCATION CONSULTANT | DescriptionOfServices |
| Compensation | 201508 | Compensation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 1 | NumberOfContractorsGT100K |
| Fundraising Events | 68861 | FundraisingEvents |
| Government Grants | 1039782 | GovernmentGrants |
| All Other Contributions | 2586343 | AllOtherContributions |
| Total Contributions | 3694986 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| CONTRACT REVENUE | 611710 | 674354 | 674354 |
| SCHOLARSHIP REIMBURSEMENTS | 900099 | 127343 | 127343 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 801697 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 209966 | TotalRevenueColumn |
| Exclusion | $209,966 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1206541 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1180396 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 26145 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26145 | TotalRevenueColumn |
| Exclusion | $26,145 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 58661 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 68861 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 49611 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9050 | TotalRevenueColumn |
| Exclusion | $9,050 | ExclusionAmount |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4741844 | TotalRevenueColumn |
| Related Or Exempt Function Income | 801697 | RelatedOrExemptFunctionIncome |
| Exclusion | $245,161 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1094348 | Total |
| Program Services | 1094348 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 208661 | Total |
| Program Services | 182057 | ProgramServices |
| Management And General | 17903 | ManagementAndGeneral |
| Fundraising | 8701 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2007904 | Total |
| Program Services | 1733255 | ProgramServices |
| Management And General | 184833 | ManagementAndGeneral |
| Fundraising | 89816 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 56404 | Total |
| Program Services | 51396 | ProgramServices |
| Management And General | 2882 | ManagementAndGeneral |
| Fundraising | 2126 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 351067 | Total |
| Program Services | 319831 | ProgramServices |
| Management And General | 17976 | ManagementAndGeneral |
| Fundraising | 13260 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 228222 | Total |
| Program Services | 207956 | ProgramServices |
| Management And General | 11662 | ManagementAndGeneral |
| Fundraising | 8604 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 800 | Total |
| Program Services | 539 | ProgramServices |
| Management And General | 261 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43239 | Total |
| Management And General | 43239 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 589411 | Total |
| Program Services | 481529 | ProgramServices |
| Management And General | 107882 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 24266 | Total |
| Program Services | 24266 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148917 | Total |
| Program Services | 120944 | ProgramServices |
| Management And General | 27973 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 265043 | Total |
| Program Services | 98454 | ProgramServices |
| Management And General | 166589 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40366 | Total |
| Program Services | 37629 | ProgramServices |
| Management And General | 2737 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 100636 | Total |
| Program Services | 91256 | ProgramServices |
| Management And General | 9380 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 234 | Total |
| Management And General | 234 | ManagementAndGeneral |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19128 | Total |
| Management And General | 19128 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52456 | Total |
| Program Services | 9222 | ProgramServices |
| Management And General | 43234 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| HONORARIA AND STIPENDS | 40176 | 40176 | |
| DUES AND SUBSCRIPTIONS | 29684 | 23789 | 5895 |
| PROGRAM MATERIALS | 39920 | 39920 | |
| ALL OTHER EXPENSES | 32435 | 10558 | 21877 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5373317 | Total |
| Program Services | 4567125 | ProgramServices |
| Management And General | 683685 | ManagementAndGeneral |
| Fundraising | 122507 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3358 | BOY |
| EOY | 4439 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 256657 | BOY |
| EOY | 143212 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250000 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 898744 | BOY |
| EOY | 785017 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56514 | BOY |
| EOY | 54568 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 612924 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 515311 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16404 | BOY |
| EOY | 97613 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6213466 | BOY |
| EOY | 7013650 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1249839 | BOY |
| EOY | 749022 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8944982 | BOY |
| EOY | 8847521 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 340986 | BOY |
| EOY | 160480 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84411 | BOY |
| EOY | 58990 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69608 | BOY |
| EOY | 165366 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 495005 | BOY |
| EOY | 384836 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1293511 | BOY |
| EOY | 1327347 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7156466 | BOY |
| EOY | 7135338 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8449977 | BOY |
| EOY | 8462685 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8944982 | BOY |
| EOY | 8847521 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -631473 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 644181 | ReconciliationUnrealizedInvest |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4027930 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3594456 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4048885 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4342121 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3694986 | CurrentTaxYear |
| Total | 19708378 | Total |
Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4027930 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3594456 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4048885 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4342121 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3694986 | CurrentTaxYear |
| Total | 19708378 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 3808832 | AmountsSubstContributorsTotal |
| Public Support Total170 | 15899546 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 299791 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 219408 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 197153 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 237909 | CurrentTaxYearMinus1Year |
| Current Tax Year | 209966 | CurrentTaxYear |
| Total | 1164227 | Total |
Net UBI NetUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 20872605 | TotalSupport |
| Gross Receipts From Admissions Etc | 11633977 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.76174 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.76742 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Current Year Minus4 Years | CurrentYearMinus4Years | |
| Land | Land | |
| Buildings | Buildings |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 145473 | OtherCostOrOtherBasis |
| Depreciation | 84000 | Depreciation |
| Book Value | 61473 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 314912 | OtherCostOrOtherBasis |
| Depreciation | 278772 | Depreciation |
| Book Value | 36140 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 152539 | OtherCostOrOtherBasis |
| Depreciation | 152539 | Depreciation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 97613 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| RESTRICTED CASH HELD - OTHERS | 40366 |
| RESTRICTED CASH EQUIVALENTS | 698133 |
| OTHER ASSETS | 10523 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 749022 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DUE TO THIRD PARTY | $40,366 |
| LINE OF CREDIT | $125,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 165366 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 5530633 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 644181 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 94997 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 49611 | OtherRevenues |
| Revenue Not Rptd F990 | 788789 | RevenueNotRptdF990 |
| Revenue Subtotal | 4741844 | RevenueSubtotal |
| Total Revenue Per Form990 | 4741844 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 5517925 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 94997 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 49611 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 144608 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5373317 | ExpensesSubtotal |
| Total Expenses Per Form990 | 5373317 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| RECONCILIATION OF REVENUE AND EXPENSES | FORM 990, SCHEDULE D, PART XI AND PART XII, LINE 2D - OTHER | SPECIAL EVENT DIRECT EXPENSES - $49,611. |
| UNCERTAIN TAX POSITIONS | FORM 990, SCHEDULE D, PART X, LINE 2 | 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 2009. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | EDDY'S | NameOfEvent1 |
| Gross Receipts Event1 | 127522 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 68861 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 58661 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 3618 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 22261 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 23732 | OtherDirectExpensesEvent1 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 127522 | GrossReceiptsTotal |
| Charitable Contributions Total | 68861 | CharitableContributionsTotal |
| Gross Revenue Total Events | 58661 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 3618 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 22261 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 23732 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 49611 | DirectExpenseSummaryEvents |
| Net Income Summary | 9050 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant | Method Of ValuationMethodOfValuation | Description Of Non Cash AssistanceDescriptionOfNonCashAssistance |
|---|---|---|---|---|
| GRANTS AND SCHOLARSHIPS | 270 | 948698 | N/A | N/A |
| AmeriCorps members - living stipends | 19 | 145650 | n/a | n/a |
Form990 Schedule I Part IV Form990ScheduleIPartIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Form 990, Schedule I | Description of Organization's Procedures for Monitoring the Use of Grants | THE PHILADELPHIA SCHOLARS PROGRAM PROVIDES LAST DOLLAR SCHOLARSHIPS TO GRADUATES 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. |
| AmeriCorps members living stipends | Schedule I, Part III, Line 2 | PHILADELPHIA TEACHER RESIDENCY IS IN PARTNERSHIP WITH THE UNIVERSITY OF PENNSYLVANIA, GRADUATE SCHOOL OF EDUCATION (PENNGSE). PTR IS ALSO PROUD TO BE AN AMERICORPS PROGRAM. AMERICORPS IS A NETWORK OF PROGRAMS THAT FACILITATE OVER 80,000 AMERICANS IN SERVING CRITICAL NEEDS OF COMMUNITIES ACROSS THE NATION. PHILADELPHIA TEACHER RESIDENCY AMERICORPS MEMBERS SERVE BY TEACHING MATH OR SCIENCE IN HIGH NEED PUBLIC SCHOOLS IN PHILADELPHIA EITHER AS A TEACHER OR AS A RESIDENT (TEACHER IN TRAINING). RESIDENTS CAN BE EITHER FULL-TIME OR PART-TIME MEMBERS. FULL TIME MEMBERS SERVE AT LEAST 1700 HOURS AND PART-TIME MEMBERS SERVE AT LEAST 900 HOURS. TO SUPPORT THEIR YEAR-LONG SERVICE, FULL-TIME AND PART-TIME MEMBERS RECEIVE A LIVING STIPEND OF $13,000 OR $6,500 RESPECTIVELY. THIS IS TAXABLE INCOME AND IS PAID ON A MONTHLY BASIS BETWEEN OCTOBER AND JUNE IN NINE EQUAL INSTALLMENTS THROUGH THE ED FUND'S PAYROLL SYSTEM. THE ED FUND PAYS FICA AND OTHER APPLICABLE TAXES. AMERICORP MEMBERS ARE PAID ONCE A MONTH ON THE 15TH FOLLOWING THE MONTH OF SERVICE. TIMESHEETS ARE COMPLETED BY EACH MEMBER AND REVIEWED AND APPROVED BY BOTH THE MENTORS AND THE PROGRAM DIRECTOR. THE SIGNED AMERICORP TIMESHEET IS FORWARD TO THE FINANCE DEPARTMENT FOR PAYROLL PROCESSING. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| FORM 990 REVIEW PROCESS | 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. |
| CONFLICT OF INTEREST POLICY | 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. |
| COMPENSATION PROCEDURES | 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. |
| DOCUMENTS FOR PUBLIC INSPECTION | FORM 990, PART VI, LINE 19 | THE ED FUND MAKES CERTAIN GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST. |
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