2013-01-14T10:48:42-08:00 2012-06-30 SCHALL & ASHENFARB CPAS 350 5TH AVE STE 5610 NEW YORK NY 101180110 990 2011-07-01 223384302 Pencil Inc PENC 6466380565 30 West 26th Street 5th Floor New York NY 10010 Michael Haberman 2013-01-14 true David C Ashenfarb 2122682800 2011 2016-02-25 16:41:14Z Michael Haberman 30 W 26th St 5th Fl New York NY 10010 5531944 false false X www.pencil.org X 1995 NY PENCIL inspires innovation and improves student achievement by partnering business leaders with public schools. Our programs share a common premise: by bringing together the best ideas, talent and resources across sectors, we can create real change in our schools. 23 23 50 500 0 2544261 3637598 60700 31326 76791 63157 0 2681752 3732081 0 0 1784271 2273706 0 567990 1058586 1217702 2842857 3491408 -161105 240673 5020063 5271869 324986 322796 4695077 4949073 PENCIL inspires innovation and improves student achievement by partnering business leaders with public schools. Our programs share a common premise: by bringing together the best ideas, talent and resources across sectors, we can create real change in our schools. false false 2502193 The PENCIL Partnership Program matches business leaders with public school principals based on their backgrounds, interests, needs, and goals. Partners are then empowered and supported to develop strategic solutions to address challenges and transform their schools. PENCIL currently facilitates several affiliate Partnership Programs nationwide and is committed to expanding its program model to cities with a demonstrated need and interest. The PENCIL Fellows Program provides promising public high school students with the dynamic experiential learning experience they need to succeed in the workplace through career readiness training and a paid summer internship. PENCIL pioneered the idea of improving student achievement by developing and supporting long-term partnerships between businesses and public schools. By leveraging the combined passion, talent, and skills of New York City's businesses and schools, PENCIL's Partnership and Fellows Programs are impacting student achievement and building a stronger future for our City:- 93% of PENCIL Principals say their Partnership helped to improve their school - Four out of five Principals find that their business partner's leadership skills have helped them meet school needs - 88% of PENCIL Fellows are on course to graduate on time, exceeding the 73% graduation rate across participating schoolsIn school year 2011-12- 220,000 + students impacted by a PENCIL Partnership- 400 NYC PENCIL Partnerships- Affiliate PENCIL Programs/Partnerships in Baltimore, MD (13); Philadelphia, PA (6); and Rochester, NY (47)- 109 paid student internships 2502193 true true false false false false false false false false true false false false true true true false false false false false false false true false false false false true false false false false false false false false true false false false false false false false false false false false false true 7 0 true 50 true false false false false false false false false false false false 0 false false false false false false false false false false false X 23 23 false false false false false false false true true false false false true true true true true true true true false false NY X X Michael Haberman 6466380565 30 West 26th Street 5th Floor New York NY 10010 Lisa Belzberg 2.00 X 0 0 0 Elliott Wahle 2.00 X 0 0 0 Stephen J Meringoff 2.00 X 0 0 0 E Scott Beattie 2.00 X 0 0 0 Elba Montalvo 2.00 X 0 0 0 Karen Proctor 2.00 X 0 0 0 Bill McCracken 2.00 X 0 0 0 Sandra E Lerner 2.00 X 0 0 0 Lew Leone 2.00 X 0 0 0 Lewis Warren Jr 2.00 X 0 0 0 Norma Kamali 2.00 X 0 0 0 Christopher B Hayward 2.00 X X 0 0 0 Patsy Glazer 2.00 X X 0 0 0 Maurice DuBois 2.00 X 0 0 0 Howard Chatzinoff 2.00 X X 0 0 0 Michael J Christenson 2.00 X 0 0 0 Sharon Y Bowen 2.00 X 0 0 0 Ken Clinchy 2.00 X 0 0 0 Frank J Bisignano 2.00 X 0 0 0 John Benevento 2.00 X 0 0 0 Charles R Bendit 2.00 X X 0 0 0 Matthew Higgins 2.00 X 0 0 0 Dave Barger 2.00 X X 0 0 0 Michael Haberman 40.00 X 213327 0 18341 Denise Nelson 40.00 X 113668 0 6364 Gayle Villani 40.00 X 121940 0 18341 448935 43046 3 false true false 0 1397069 2240529 3637598 Fee Income 31326 31326 31326 90380 90380 0 0 0 1500563 1527786 -27223 -27223 -27223 272077 1397069 272077 0 0 0 0 3732081 31326 63157 0 0 0 0 243341 148572 47018 47751 0 1624678 1233762 158464 232452 0 398815 295124 43869 59822 6872 5085 756 1031 0 0 0 0 0 0 0 0 84543 65944 7608 10991 0 0 303018 236009 27674 39335 0 117890 85725 31245 920 0 0 0 159515 124422 14356 20737 14934 11649 1344 1941 Telephone 21758 16971 1958 2829 Bank Charges and Admin Fees 39919 39919 Special Event Expense 138130 27098 111032 Consulting 269526 210230 24258 35038 68469 41602 22756 4111 3491408 2502193 421225 567990 X 277966 287365 0 161069 1131569 0 0 0 0 0 21626 36173 1253251 811690 514945 441561 4001486 3332230 0 0 0 42971 42971 5020063 5271869 41134 64808 283852 257988 324986 322796 X 4613652 4071474 81425 877599 4695077 4949073 5020063 5271869 X 240673 13323 X false true true X false false X 3195126 2065116 2666850 2544261 3637598 14108951 0 0 3195126 2065116 2666850 2544261 3637598 14108951 2510618 11598333 74624 60802 54781 76791 90380 357378 0 0 14466329 204294 0.80170 0.86480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 586119 262768 323351 667132 548922 118210 441561 Deferred rent 206146 Advances 51842 257988 3732081 3491408 240673 13323 13323 253996 5717986 13323 1972582 1985905 3732081 3732081 5463990 1972582 1972582 3491408 3491408 Part X Part X : FIN48 Footnote Pencil, Inc. has adopted the provisions of FASB ASC 740, Income Taxes, which applies to positions taken or expected to be taken in a tax return. Organizations are required to recognize the effects of tax positions if they are more likely than not of being sustained. Pencil, Inc. does not believe its financial statements include any uncertain tax positions. false Annual Gala 1669146 1397069 272077 272077 1669146 1397069 272077 272077 272077 X X X X false false false false false false false false false false Michael Haberman 213327 18341 231668 Meringoff Properties Inc Board director 275388 Lease for office space false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Organizational documents are made available upon request. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the president to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The organization has a "board approved" conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS.