2012-05-11T12:14:20-05:00 2011-06-30 Mitchell & Titus LLP 1818 Market Street Suite 2900 Philadelphia PA 191033652 990 2010-07-01 222567982 Philadelphia Education Fund PHIL 2156651400 1709 Benjamin Franklin Parkway Philadelphia PA 19103 Darren A Spielman 2012-05-10 true 2155617300 X 2010 2016-02-24 21:20:13Z Darren A Spielman 1709 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 19103 11593761 false X www.PHILAEDFUND.ORG X 1984 PA 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. 21 21 102 0 0 0 3594456 4048885 1060555 1656348 -2125893 -921666 0 22667 2529118 4806234 995312 1145994 0 0 3305375 3781547 0 0 126198 1631097 2048161 5931784 6975702 -3402666 -2169468 10063072 9933978 508951 513637 9554121 9420341 X 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 false false 2759780 2918 777000 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. 2901435 1143076 800831 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. 317821 0 0 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. 152239 0 78517 6131275 true true false false false false false false true true false false true true false true false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false true 172 0 true 102 true false false false false false true true false false false false X 21 21 false false false false false false false true true false false true true true true true false true true false PA X NIKELE D JONES 2156651400 1709 BENJAMIN FRANKLIN PKWYSTE 700 PHILADELPHIA PA 19103 DIANE MELLEY 1.0 X X 0 0 0 DAVID BAKER 1.0 X X 0 0 0 JUDITH GAY 1.0 X 0 0 0 DONALD HASKINS 1.0 X 0 0 0 PATRICIA COULTER 1.0 X 0 0 0 HELEN CUNNINGHAM 1.0 X 0 0 0 ERIC L FLICKER 1.0 X 0 0 0 LYNNE Z GOLD-BIKIN ESQ 1.0 X 0 0 0 SOPHIA LEE 1.0 X 0 0 0 JERRY JORDAN 1.0 X 0 0 0 KAREN KASKEY 1.0 X 0 0 0 SHERRI KYLE-JONES 1.0 X 0 0 0 KENNETH LAWRENCE JR 1.0 X 0 0 0 WILLIAM MARRAZZO 1.0 X 0 0 0 LUCY KERMAN 1.0 X 0 0 0 SIOBHAN REARDON 1.0 X 0 0 0 JOANN MITCHELL 1.0 X 0 0 0 DEBORAH O'BRIEN 1.0 X 0 0 0 MARK SILOW 1.0 X 0 0 0 KIRBY SMITH 1.0 X 0 0 0 LAURIE THIBODEAU 1.0 X 0 0 0 CAROL S FIXMAN 35.0 X 133442 0 8719 NIKELE D JONES 35.0 X 95444 0 5378 MARY ALICE MULVIHILL 35.0 X 114425 0 15483 343311 0 29580 2 false false false 0 104802 1268734 2675349 4048885 CONTRACT REVENUE 611710 1656348 1656348 1656348 197153 197153 0 0 5629112 6747931 -1118819 -1118819 -1118819 62263 104802 39596 22667 22667 0 0 0 4806234 1656348 0 -898999 0 1145994 1145994 0 0 343311 195304 121318 26689 0 2689799 2448538 170122 71139 73734 68732 2253 2749 408648 380928 12485 15235 266055 247159 8510 10386 0 8341 4446 3895 0 47502 0 47502 0 0 0 0 1228113 1166409 61704 0 0 125408 96494 28914 0 11895 7892 4003 0 0 199423 79838 119585 0 63382 60567 2815 0 0 78200 63578 14622 0 0 0 18145 0 18145 0 37597 920 36677 0 HONORARIA AND STIPENDS 22963 21526 1437 0 PROGRAM MATERIALS 94306 67003 27303 0 OTHER EXPENSES 112886 75947 36939 0 6975702 6131275 718229 126198 335922 199203 119873 122282 25500 0 1069343 799681 62970 53709 512587 484857 45875 27730 7390017 7740786 1013572 990587 10063072 9933978 212067 215443 75598 76515 221286 221679 508951 513637 X 1266500 1290906 1132742 8129435 7154879 0 9554121 9420341 10063072 9933978 X -2169468 2035688 X false true true X true true X 4156543 2978909 4027930 3594456 4048885 18806723 4156543 2978909 4027930 3594456 4048885 18806723 3720493 15086230 526680 556056 299791 219408 197153 1799088 20605811 26742408 0.73213 0.86113 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7309424 449875 820734 844903 242326 7492804 12912610 727119 -5210569 1005760 0 113976 7309424 0.00000 0.00000 0.00000 true false 75883 72933 2950 284165 260156 24009 152539 151768 771 27730 OTHERS 221679 RESTRICTED CASH EQUIVALENTS 758385 OTHER ASSETS 10523 990587 0 DUE TO THIRD PARTY 221679 221679 4806234 6975702 -2169468 2035688 2035688 -133780 6961576 2035688 80058 39596 2155342 4806234 4806234 7095356 80058 39596 119654 6975702 6975702 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. 2010 EDDYS 125477 75636 49841 16827 16738 2011 EDDYS 41588 29166 12422 6031 0 167065 104802 62263 16827 22769 39596 22667 true GRANTS AND SCHOLARSHIPS 302 1006428 N/A N/A AmeriCorps members - living stipends 17 139566 n/a n/a 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. 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.