THE PHILADELPHIA EDUCATION FUND: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: THE PHILADELPHIA EDUCATION FUND (EIN 22-2567982)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-05-14
IRS object ID: 201321349349305017
Schema version: 2011v1.5
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule G
Schedule I
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-14T17:23:24-05:00	Timestamp
Tax Period End Date	2012-06-30	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	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	222567982	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	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
City	Philadelphia	City
State	PA	State
ZIP Code	19103	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DARREN SPIELMAN	Name
Title	EXECUTIVE DIRECTOR	Title
Date Signed	2013-05-14	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	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	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	8820389	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	21	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	21	NbrIndependentVotingMembers
Total Nbr Employees	100	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	4048885	ContributionsGrantsPriorYear
Contributions Grants Current Year	4342121	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1656348	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1473621	ProgramServiceRevenueCY
Investment Income Prior Year	-921666	InvestmentIncomePriorYear
Investment Income Current Year	281346	InvestmentIncomeCurrentYear
Other Revenue Prior Year	22667	OtherRevenuePriorYear
Other Revenue Current Year	11000	OtherRevenueCurrentYear
Total Revenue Prior Year	4806234	TotalRevenuePriorYear
Total Revenue Current Year	6108088	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	1145994	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	1071053	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	3781547	SalariesEtcPriorYear
Salaries Etc Current Year	3244493	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	126453	TotalFundrsngExpCurrentYear
Other Expense Prior Year	2048161	OtherExpensePriorYear
Other Expenses Current Year	1876859	OtherExpensesCurrentYear
Total Expenses Prior Year	6975702	TotalExpensesPriorYear
Total Expenses Current Year	6192405	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-2169468	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-84317	RevenuesLessExpensesCY
Total Assets BOY	9933978	TotalAssetsBOY
Total Assets EOY	8944982	TotalAssetsEOY
Total Liabilities BOY	513637	TotalLiabilitiesBOY
Total Liabilities EOY	495005	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	9420341	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	8449977	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
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 D	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	2965228	Expense
Grants	144829	Grants
Revenue	1044588	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 recruits STEM [science, technology, engineering, and math] professionals and trains them to become new math and science teachers in the School District of Philadelphia. * Diplomas Now, which is being replicated nationally, is a dropout prevention program that utilizes the Ed Funds Early Warning Indicators research to keep middle grades students on track to high school graduation and beyond. * ArtsRising, a strategic partnership with Fleisher Art Memorial and Public Citizens for Children and Youth, ensures equitable access to high-quality arts education experiences for students. * Philadelphia Postsecondary Success Program is a collaborative project to increase the number of low-income and first-generation public high school students who enroll and succeed in postsecondary education. PPSP works in partnership to develop a model college access and success system. 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. * 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.	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	2153108	Expense
Grants	926224	Grants
Revenue	406825	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: * College Access Program supports over 10,000 students and adults annually by providing guidance and resources that make college an achievable goal. * Philadelphia Scholars Program awards "Last Dollar" scholarships for College Access participants in good standing at accredited colleges and universities across the country. Since 1990, the Philadelphia Scholars Program has awarded nearly $9 million in "Last Dollar" scholarships to more than 1800 College Access students for up to six years, at accredited colleges and universities across the country. In the last year, the Program supported nearly 300 students with $1 million in college scholarships. * 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. * A strategic partnership with Graduate! Philadelphia, which provides college-going services to adults who have started, but have not finished, college.	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	249983	Expense
Revenue	15008	Revenue
Description	At the heart of the Ed Funds 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 Funds 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.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	22598	TotalOfOtherProgramServiceExp
Total Of Other Program Service Rev	7200	TotalOfOtherProgramServiceRev
Total Program Service Expense	5390917	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	false	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
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	156	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	100	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	21	NbrVotingGoverningBodyMembers
Number Independent Voting Members	21	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 (24 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
JUDITH GAY
BOARD MEMBER	1.0	X		0	0	0
DONALD HASKINS
BOARD MEMBER	1.0	X		0	0	0
PATRICIA COULTER
BOARD MEMBER	1.0	X		0	0	0
HELEN CUNNINGHAM
BOARD MEMBER	1.0	X		0	0	0
ERIC L FLICKER
BOARD MEMBER	1.0	X		0	0	0
LYNNE Z GOLD-BIKIN ESQ
BOARD MEMBER	1.0	X		0	0	0
SOPHIA LEE
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
SHERRI KYLE-JONES
BOARD MEMBER	1.0	X		0	0	0
KENNETH LAWRENCE JR
BOARD MEMBER	1.0	X		0	0	0
WILLIAM MARRAZZO
BOARD MEMBER	1.0	X		0	0	0
LUCY KERMAN
BOARD MEMBER	1.0	X		0	0	0
SIOBHAN REARDON
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
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
EXECUTIVE DIRECTOR	35.0		X	49022	0	530
NIKELE D JONES
DIRECTOR OF FINANCE	35.0		X	93678	0	5274
CAROL FIXMAN
FORMER EXECUTIVE DIRECTOR	35.0		X	30507	0	1992

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	173207	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	7796	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 (2 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
COMMUNITIES IN SCHOOLS
2000 Hamilton Street Suite 201	PHILADELPHIA	PA	19130	Program Services	254966
BLUE STATE DIGITAL INC
406 7th Street NW 3rd Floor	WASHINGTON	DC	20004	Web Consuliting	130341

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	2	NumberOfContractorsGT100K
Fundraising Events	65864	FundraisingEvents
Government Grants	975197	GovernmentGrants
All Other Contributions	3301060	AllOtherContributions
Total Contributions	4342121	TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
CONTRACT REVENUE	611710	1346039	1346039
MISCELLANEOUS PROGRAM SERVICE REVENUE	900099	127582	127582

Field	Value	IRS element (for citing)
Total Program Service Revenue	1473621	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	237909	TotalRevenueColumn
Exclusion	$237,909	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

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Securities	2711851	Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Securities	2668414	Securities

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Securities	43437	Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	43437	TotalRevenueColumn
Exclusion	$43,437	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Income Fundraising Events	54887	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	65864	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	43887	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	11000	TotalRevenueColumn
Exclusion	$11,000	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	6108088	TotalRevenueColumn
Related Or Exempt Function Income	1473621	RelatedOrExemptFunctionIncome
Exclusion	$292,346	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	1071053	Total
Program Services	1071053	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	240558	Total
Program Services	109946	ProgramServices
Management And General	114707	ManagementAndGeneral
Fundraising	15905	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	2350877	Total
Program Services	2092406	ProgramServices
Management And General	177105	ManagementAndGeneral
Fundraising	81366	Fundraising

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	62878	Total
Program Services	57560	ProgramServices
Management And General	2508	ManagementAndGeneral
Fundraising	2810	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	334431	Total
Program Services	306148	ProgramServices
Management And General	13339	ManagementAndGeneral
Fundraising	14944	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	255749	Total
Program Services	234121	ProgramServices
Management And General	10200	ManagementAndGeneral
Fundraising	11428	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	1354	Total
Management And General	1354	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	46545	Total
Management And General	46545	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	1068278	Total
Program Services	1034388	ProgramServices
Management And General	33890	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	24827	Total
Program Services	24263	ProgramServices
Management And General	564	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	148728	Total
Program Services	91019	ProgramServices
Management And General	57709	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	1800	Total
Management And General	1800	ManagementAndGeneral

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	232887	Total
Program Services	98281	ProgramServices
Management And General	134606	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	87063	Total
Program Services	73282	ProgramServices
Management And General	13781	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	70225	Total
Program Services	68559	ProgramServices
Management And General	1666	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	0	Total

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	11326	Total
Management And General	11326	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	46037	Total
Program Services	9909	ProgramServices
Management And General	36128	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
HONORARIA AND STIPENDS	12453	12453	0
PROGRAM MATERIALS	86110	85734	376
DUES AND SUBSCRIPTIONS	26104	17936	8168
OTHER EXPENSES	13122	3859	9263

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	6192405	Total
Program Services	5390917	ProgramServices
Management And General	675035	ManagementAndGeneral
Fundraising	126453	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	199203	BOY
EOY	3358	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	122282	BOY
EOY	256657	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	0	BOY
EOY	250000	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	799681	BOY
EOY	898744	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	53709	BOY
EOY	56514	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	512585	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	496181	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	27730	BOY
EOY	16404	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	7740786	BOY
EOY	6213466	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	990587	BOY
EOY	1249839	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	9933978	BOY
EOY	8944982	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	215443	BOY
EOY	340986	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	76515	BOY
EOY	84411	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	221679	BOY
EOY	69608	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	513637	BOY
EOY	495005	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1290906	BOY
EOY	1293511	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	8129435	BOY
EOY	7156466	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	9420341	BOY
EOY	8449977	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	9933978	BOY
EOY	8944982	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-84317	ReconcilationRevenueExpenses
Reconcilation Other Changes	-886047	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
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	2978909	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	4027930	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	3594456	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	4048885	CurrentTaxYearMinus1Year
Current Tax Year	4342121	CurrentTaxYear
Total	18992301	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	2978909	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	4027930	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	3594456	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	4048885	CurrentTaxYearMinus1Year
Current Tax Year	4342121	CurrentTaxYear
Total	18992301	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	3258095	AmountsSubstContributorsTotal
Public Support Total170	15734206	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	556056	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	299791	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	219408	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	197153	CurrentTaxYearMinus1Year
Current Tax Year	237909	CurrentTaxYear
Total	1510317	Total

Field	Value	IRS element (for citing)
Total Support	20502618	TotalSupport
Gross Receipts From Admissions Etc	18846397	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.76742	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.73213	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
Land		Land
Buildings		Buildings

Leasehold Improvements LeaseholdImprovements

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	75881	OtherCostOrOtherBasis
Depreciation	75881	Depreciation

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	284165	OtherCostOrOtherBasis
Depreciation	267761	Depreciation
Book Value	16404	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	152539	OtherCostOrOtherBasis
Depreciation	152539	Depreciation
Book Value	0	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	16404	TotalOfBookValueLandBuildings

Other Assets OtherAssets (3 entries)

DescriptionDescription	Book ValueBookValue
OTHERS	69609
RESTRICTED CASH EQUIVALENTS	1169708
OTHER ASSETS	10522

Field	Value	IRS element (for citing)
Total Book Value Other Assets	1249839	TotalBookValueOtherAssets
Federal Income Tax Liability	0	FederalIncomeTaxLiability

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	DUE TO THIRD PARTY	Description
Amount	$69,608	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	69608	TotalOfAmounts
Total Revenue	6108088	TotalRevenue
Total Expenses	6192405	TotalExpenses
Excess Or Deficit For Year	-84317	ExcessOrDeficitForYear
Net Unrealized GL On Investments	-886047	NetUnrealizedGLOnInvestments
Total Adjustments	-886047	TotalAdjustments
Excess Or Deficit Per FS	-970364	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	5359808	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	-886047	NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities	93880	DonatedSrvcAndUseOfFacilities
Other Revenues	43887	OtherRevenues
Revenue Not Rptd F990	-748280	RevenueNotRptdF990
Revenue Subtotal	6108088	RevenueSubtotal
Total Revenue Per Form990	6108088	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	6330172	TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities	93880	DonatedServicesUseOfFacilities
Other Expenses Included	43887	OtherExpensesIncluded
Expenses Not Rptd F990	137767	ExpensesNotRptdF990
Expenses Subtotal	6192405	ExpensesSubtotal
Total Expenses Per Form990	6192405	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

Field	Value	IRS element (for citing)
Identifier	Form 990, Schedule D, Part XII, Line 2D and Part XIII, Line 2d	Identifier
Explanation	Special event direct expenses $43,887.	Explanation

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	Eddys	NameOfEvent1
Gross Receipts Event1	120751	GrossReceiptsEvent1
Charitable Contributions Event1	65864	CharitableContributionsEvent1
Gross Revenue Event1	54887	GrossRevenueEvent1
Rent Facility Costs Event1	6500	RentFacilityCostsEvent1
Food And Beverage Event1	14506	FoodAndBeverageEvent1
Other Direct Expenses Event1	22881	OtherDirectExpensesEvent1
Total Number Of Other Events	0	TotalNumberOfOtherEvents
Gross Receipts Total	120751	GrossReceiptsTotal
Charitable Contributions Total	65864	CharitableContributionsTotal
Gross Revenue Total Events	54887	GrossRevenueTotalEvents
Rent Facility Costs Total Events	6500	RentFacilityCostsTotalEvents
Food And Beverage Total Events	14506	FoodAndBeverageTotalEvents
Other Direct Expenses Total Events	22881	OtherDirectExpensesTotalEvents
Direct Expense Summary Events	43887	DirectExpenseSummaryEvents
Net Income Summary	11000	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	287	942500	N/A	N/A
AmeriCorps members - living stipends	14	128553	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 21 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 colleges 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 students 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 (6 entries)

IdentifierIdentifier	ExplanationExplanation
Form 990, Part III, Line 4d	The Ed Fund conducts research studies that help school districts, organizations, and the community guide urban children to academic success. For instance, the Ed Funds study with John Hopkins University The Early Warning Indicators Study, which has identified four dropout risk factors as early as sixth grade, is cited regularly and is being put into practice at local, regional, and national levels. Other Ed Fund research studies include: * The Pregnant and Parenting Teen Study, conducted in partnership with researchers from the University of Pennsylvania and the University of Delaware, identifies the need for practices and policies that emphasize not only dropout prevention and recovery efforts, but also services that address pregnancy, parenting, and dropouts all together. * The Math Course-taking Study, conducted in partnership with the University of Delaware and the Philadelphia Math + Science Coalition, examines math course-taking and achievement trends across the School District of Philadelphia and documents the importance of developing solid math foundations in classrooms.
Form 990, Part VI, Line 11a	A COPY OF THE FORM 990 AND REQUIRED SCHEDULES ARE DISTRIBUTED ELECTRONICALLY TO EACH VOTING BOARD MEMBER THROUGH EMAIL PRIOR TO FILING. EACH MEMBER IS ASKED TO REVIEW THE FORM 990 AND PROVIDE COMMENTS, QUESTIONS AND CONCERNS BY A SPECIFICED DATE. ALL BOARD MEMBER RESPONSES RECEIVED BY THE DUE DATE ARE ADDRESSED. ONCE THE DUE DATE FOR RESPONDING HAS PASSED AND ALL REQUIRED CHANGES ARE MADE, THE FORM 990 IS CONSIDERED FINAL AND FILED WITH THE IRS.
Form 990, Part VI, Line 12c	THE ED FUND REQUIRES ALL BOARD MEMBERS AND EMPLOYEES COMPLETE THE CONFLICT OF INTEREST FORM EVERY YEAR. ANY CONFLICTS DISCLOSED ARE REVEIWED BY THE ED FUNDS EXECUTIVE COMMITTEE.
Form 990, Part VI, Line 15a and b	THE ED FUND'S EXECUTIVE DIRECTOR COMPENSATION WAS DETERMINED BASED ON A COLLABORATIVE EFFORT BETWEEN THE SEARCH COMMITTEE CONSISTING OF THE ED FUND'S EXECUTIVE COMMITTEE, PROGRAM DIRECTOR AND AN OUTSIDE STAKEHOLDER; AN OUTSIDE EXECUTIVE RECRUITING AGENCY AND THE ED FUND'S DIRECTOR OF FINANCE AND ADMINISTRATION. THE SEARCH COMMITTEE REVIEWS THE COMPENSATION OF THE PRECEDING EXECUTIVE DIRECTOR, THE COMPENSATION OF OTHER EXECUTIVE DIRECTORS AT NON-PROFIT ORGANIZATIONS OF SIMILAR SIZE AND BUDGET IN THE REGION AND DETERMINES A COMPENSATION RANGE. THE RANGE IS VIEWED IN CONJUNCTION WITH THE ORGANIZATION'S CURRENT AND PROSPECTIVE BUDGETS AND THE POTENTIAL CANDIDATE'S SALARY REQUEST. THE INITIAL OFFER IS APPROVED BY THE SEARCH COMMITTEE WITH THE FINAL ACCEPTANCE APPROVED BY THE BOARD CHAIR. ANY SUBSEQUENT INCREASES AND DECREASES IN THE BASE COMPENSATION OR BONUSES GIVEN ARE APPROVED BY THE EXECUTIVE COMMITTEE. THIS PROCESS WAS LAST USED IN APRIL 2012 WITH THE HIRING OF OUR NEW EXECUTIVE DIRECTOR. KEY EMPLOYEE'S SALARY IS DETERMINED BY LOOKING AT THE COMPENSATION INCLUDED IN THE BUDGET FOR THAT POSITION AND THE PROSPECTIVE EMPLOYEE'S COMPENSATION REQUEST. ALL COMPENSATION FOR NEW EMPLOYEES IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND/OR BOARD TREASURER AND FINANCE DIRECTOR.
Form 990, Part VI, Line 19	THE ED FUND MAKES CONCERN GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST.
Form 990, Part XI, Line 5	Other changes in net assets or fund balances - unrealized gains on investment $(886,047).