THE PHILADELPHIA EDUCATION FUND: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- THE PHILADELPHIA EDUCATION FUND (EIN 22-2567982)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-05-11
- IRS object ID
- 201211329349301911
- Schema version
- 2010v3.7
- 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 | 2012-05-11T12:14:20-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | 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 | 2010-07-01 | 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) |
|---|---|---|
| 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 A Spielman | Name |
| Title | Executive Director | Title |
| Date Signed | 2012-05-10 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2155617300 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | 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 | 11593761 | 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 | 102 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 3594456 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4048885 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1060555 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1656348 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -2125893 | InvestmentIncomePriorYear |
| Investment Income Current Year | -921666 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 22667 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2529118 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4806234 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 995312 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1145994 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3305375 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3781547 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 126198 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1631097 | OtherExpensePriorYear |
| Other Expenses Current Year | 2048161 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5931784 | TotalExpensesPriorYear |
| Total Expenses Current Year | 6975702 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -3402666 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -2169468 | RevenuesLessExpensesCY |
| Total Assets BOY | 10063072 | TotalAssetsBOY |
| Total Assets EOY | 9933978 | TotalAssetsEOY |
| Total Liabilities BOY | 508951 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 513637 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 9554121 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 9420341 | 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 | 2759780 | Expense |
| Grants | 2918 | Grants |
| Revenue | 777000 | 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 | 2901435 | Expense |
| Grants | 1143076 | Grants |
| Revenue | 800831 | 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 | 317821 | Expense |
| Grants | 0 | Grants |
| Revenue | 0 | 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: * The Small Schools Project which partners with youth-led organizations to provide advocacy and leadership skills to support the transformation of low performing large neighborhood high schools into high performing small high schools. Through this Project, the community has influenced issues such as building location, capital budgets, building design, educational programming, and school leadership. * 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 | 152239 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 78517 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 6131275 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | 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 | 172 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 102 | 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 | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| 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 | ||
| CAROL S FIXMAN | |||||||
| EXECUTIVE DIRECTOR | 35.0 | X | 133442 | 0 | 8719 | ||
| NIKELE D JONES | |||||||
| DIRECTOR OF FINANCE | 35.0 | X | 95444 | 0 | 5378 | ||
| MARY ALICE MULVIHILL | |||||||
| SENIOR PRogram DIRECTOR | 35.0 | 114425 | 0 | 15483 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 343311 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 29580 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 104802 | FundraisingEvents |
| Government Grants | 1268734 | GovernmentGrants |
| All Other Contributions | 2675349 | AllOtherContributions |
| Total Contributions | 4048885 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CONTRACT REVENUE | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 1656348 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1656348 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1656348 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 197153 | TotalRevenueColumn |
| Exclusion | $197,153 | 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 | 5629112 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6747931 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -1118819 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1118819 | TotalRevenueColumn |
| Exclusion | -$1,118,819 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 62263 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 104802 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 39596 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 22667 | TotalRevenueColumn |
| Exclusion | $22,667 | 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 | 4806234 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1656348 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$898,999 | 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 | 1145994 | Total |
| Program Services | 1145994 | 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 | 343311 | Total |
| Program Services | 195304 | ProgramServices |
| Management And General | 121318 | ManagementAndGeneral |
| Fundraising | 26689 | 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 | 2689799 | Total |
| Program Services | 2448538 | ProgramServices |
| Management And General | 170122 | ManagementAndGeneral |
| Fundraising | 71139 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73734 | Total |
| Program Services | 68732 | ProgramServices |
| Management And General | 2253 | ManagementAndGeneral |
| Fundraising | 2749 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 408648 | Total |
| Program Services | 380928 | ProgramServices |
| Management And General | 12485 | ManagementAndGeneral |
| Fundraising | 15235 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 266055 | Total |
| Program Services | 247159 | ProgramServices |
| Management And General | 8510 | ManagementAndGeneral |
| Fundraising | 10386 | 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 | 8341 | Total |
| Program Services | 4446 | ProgramServices |
| Management And General | 3895 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47502 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 47502 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
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 | 1228113 | Total |
| Program Services | 1166409 | ProgramServices |
| Management And General | 61704 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 125408 | Total |
| Program Services | 96494 | ProgramServices |
| Management And General | 28914 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11895 | Total |
| Program Services | 7892 | ProgramServices |
| Management And General | 4003 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 199423 | Total |
| Program Services | 79838 | ProgramServices |
| Management And General | 119585 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63382 | Total |
| Program Services | 60567 | ProgramServices |
| Management And General | 2815 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78200 | Total |
| Program Services | 63578 | ProgramServices |
| Management And General | 14622 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
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 | 18145 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 18145 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37597 | Total |
| Program Services | 920 | ProgramServices |
| Management And General | 36677 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| HONORARIA AND STIPENDS | 22963 | 21526 | 1437 | 0 |
| PROGRAM MATERIALS | 94306 | 67003 | 27303 | 0 |
| OTHER EXPENSES | 112886 | 75947 | 36939 | 0 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6975702 | Total |
| Program Services | 6131275 | ProgramServices |
| Management And General | 718229 | ManagementAndGeneral |
| Fundraising | 126198 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 335922 | BOY |
| EOY | 199203 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 119873 | BOY |
| EOY | 122282 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25500 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1069343 | BOY |
| EOY | 799681 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62970 | BOY |
| EOY | 53709 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 512587 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 484857 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45875 | BOY |
| EOY | 27730 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7390017 | BOY |
| EOY | 7740786 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1013572 | BOY |
| EOY | 990587 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10063072 | BOY |
| EOY | 9933978 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 212067 | BOY |
| EOY | 215443 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75598 | BOY |
| EOY | 76515 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 221286 | BOY |
| EOY | 221679 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 508951 | BOY |
| EOY | 513637 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1266500 | BOY |
| EOY | 1290906 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1132742 | BOY |
| EOY | 8129435 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7154879 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9554121 | BOY |
| EOY | 9420341 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10063072 | BOY |
| EOY | 9933978 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -2169468 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 2035688 | 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 | 4156543 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2978909 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4027930 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3594456 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4048885 | CurrentTaxYear |
| Total | 18806723 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4156543 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2978909 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 4027930 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3594456 | CurrentTaxYearMinus1Year |
| Current Tax Year | 4048885 | CurrentTaxYear |
| Total | 18806723 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 3720493 | AmountsSubstContributorsTotal |
| Public Support Total170 | 15086230 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 526680 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 556056 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 299791 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 219408 | CurrentTaxYearMinus1Year |
| Current Tax Year | 197153 | CurrentTaxYear |
| Total | 1799088 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 20605811 | TotalSupport |
| Gross Receipts From Admissions Etc | 26742408 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.73213 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.86113 | 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 Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7309424 | BeginningOfYearBalance |
| Contributions | 449875 | Contributions |
| Investment Earnings Or Losses | 820734 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 844903 | GrantsOrScholarships |
| Administrative Expenses | 242326 | AdministrativeExpenses |
| End Of Year Balance | 7492804 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 12912610 | BeginningOfYearBalance |
| Contributions | 727119 | Contributions |
| Investment Earnings Or Losses | -5210569 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1005760 | GrantsOrScholarships |
| Other Expenditures | 0 | OtherExpenditures |
| Administrative Expenses | 113976 | AdministrativeExpenses |
| End Of Year Balance | 7309424 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.00000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.00000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.00000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | true | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Land | Land | |
| Buildings | Buildings |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 75883 | OtherCostOrOtherBasis |
| Depreciation | 72933 | Depreciation |
| Book Value | 2950 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 284165 | OtherCostOrOtherBasis |
| Depreciation | 260156 | Depreciation |
| Book Value | 24009 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 152539 | OtherCostOrOtherBasis |
| Depreciation | 151768 | Depreciation |
| Book Value | 771 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 27730 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| OTHERS | 221679 |
| RESTRICTED CASH EQUIVALENTS | 758385 |
| OTHER ASSETS | 10523 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 990587 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO THIRD PARTY | Description |
| Amount | $221,679 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 221679 | TotalOfAmounts |
| Total Revenue | 4806234 | TotalRevenue |
| Total Expenses | 6975702 | TotalExpenses |
| Excess Or Deficit For Year | -2169468 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 2035688 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 2035688 | TotalAdjustments |
| Excess Or Deficit Per FS | -133780 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 6961576 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2035688 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 80058 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 39596 | OtherRevenues |
| Revenue Not Rptd F990 | 2155342 | RevenueNotRptdF990 |
| Revenue Subtotal | 4806234 | RevenueSubtotal |
| Total Revenue Per Form990 | 4806234 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 7095356 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 80058 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 39596 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 119654 | ExpensesNotRptdF990 |
| Expenses Subtotal | 6975702 | ExpensesSubtotal |
| Total Expenses Per Form990 | 6975702 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| FORM 990, Schedule D, Part V, Line 4 | THE ED FUND ENDOWMENT IS DESIGNATED FOR THE PHILADELPHIA SCHOLARS PROGRAM. FUNDS ARE USED TO PAY FOR PHILADELPHIA SCHOLARS SCHOLARSHIP DISBURSEMENTS AND SCHOLARS PROGRAM SUPPORT COSTS. |
| Form 990, Schedule D, Part XII, Line 2D and Part XIII, Line 2d | Special event direct expenses $39,596. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | 2010 EDDYS | NameOfEvent1 |
| Gross Receipts Event1 | 125477 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 75636 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 49841 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 16827 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 16738 | OtherDirectExpensesEvent1 |
| Name Of Event2 | 2011 EDDYS | NameOfEvent2 |
| Gross Receipts Event2 | 41588 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 29166 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 12422 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 6031 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 167065 | GrossReceiptsTotal |
| Charitable Contributions Total | 104802 | CharitableContributionsTotal |
| Gross Revenue Total Events | 62263 | GrossRevenueTotalEvents |
| Food And Beverage Total Events | 16827 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 22769 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 39596 | DirectExpenseSummaryEvents |
| Net Income Summary | 22667 | 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 | 302 | 1006428 | N/A | N/A |
| AmeriCorps members - living stipends | 17 | 139566 | 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 | PHILADELPHIA SCHOLARS SCHOLARSHIP DISBUSRSEMENTS ARE AWARDED TO GRADUATES OF 21 NEIGHBORHOOD PUBLIC HIGH SCHOOLS IN PHILADELPHIA. THE AWARDS ARE DESIGNED TO FILL THE GAP BETWEEN THE COSTS (I.E. TUITION, HOUSING, BOOKS, AND TRANSPORTATION) OF ATTENDING COLLEGE FULL TIME (AT LEAST 12 CREDITS PER SEMESTER) AND FINANCIAL AID. STUDENTS APPLY FOR GRANTS THROUGH THE APPLICATION PROCESS. COMPLETE APPLICATIONS, INCLUDING COMPLETED FASFA, HIGH SCHOOL TRANSCRIPT, LETTER OF ENROLLMENT BY THE COLLEGE OR UNIVERSITY, ALONG WITH THE COST OF ATTENDING THE SELECTED COLLEGE OR UNIVERSITY AND FINANCIAL AID DOCUMENTATION ARE RECEIVED AND EVALUATED BY ED FUND PERSONNEL. IF THERE IS A COST GAP AND THE GAP MEETS THE THRESHOLD, THE APPLICANT IS AWARDED THE LAST DOLLAR SCHOLARSHIP. SCHOLARSHIPS RANGE FROM $200 TO $5,000 AND ARE RENEWAL FOR UP TO SIX YEARS. STUDENTS MUST REAPPLY EACH YEAR. ALL SCHOLARSHIP DISBURSEMENTS FOR YEARS TWO THROUGH SIX ARE BASED ON COST GAP, SATISFACTORY PERFORMANCE IN THE PRECEDING YEAR AS VERIFIED BY THE STUDENTS YEARLY TRANSCRIPT AND A CERTAIN LEVEL OF DOCUMENTED COMMUNITY SERVICE. REQUESTS FOR SCHOLARSHIP DISBURSEMENTS ARE SENT TO THE FINANCE DEPARTMENT ALONG WITH ALL SUPPORTING DOCUMENTATION FOR REVIEW AND APPROVAL. DISBURSMENTS FOR THE SCHOOL YEAR ARE MADE TWICE A YEAR, IN THE FALL AND SPRING SEMESTERS. EACH SCHOLARSHIP DISBURSMENT IS IN THE STUDENT AND COLLEGE NAME AND REQUIRES DUAL ENDORSEMENTS. IN ADDITIONAL, EACH SCHOLARSHIP CHECK IS SENT ALONG WITH A LETTER REQUESTING THAT THE FINANCIAL AID OFFICE CONFIRM THAT THE STUDENT IS ENROLLED AT THE UNIVERSITY AS A FULL TIME STUDENT. IF THE STUDENT IS NOT ENROLLED FULL TIME OR TRANSFERRED, THE FINACIAL AID REPRESENTATIVE WILL INDICATE THE REASON ON THE LETTER AND RETURN THE CHECK. |
| AmeriCorps members living stipends | 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 FUNDS EXECUTIVE DIRECTOR COMPENSATION IS DETERMINED BASED ON A COLLABORATIVE EFFORT BETWEEN THE SEARCH COMMITTEE CONSISTING OF THE ED FUNDS EXECUTIVE COMMITTEE, PROGRAM DIRECTOR AND AN OUTSIDE STAKEHOLDER; AN OUTSIDE EXECUTIVE RECRUITING AGENCY AND THE ED FUNDS 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 ORGANIZATIONS CURRENT AND PROSPECTIVE BUDGETS AND THE POTENTIAL CANDIDATES 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. KEY EMPLOYEES SALARY IS DETERMINED BY LOOKING AT THE COMPENSATION INCLUDED IN THE BUDGET FOR THAT POSITION AND THE PROSPECTIVE EMPLOYEES 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 $ 2,035,688. |
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