2012-03-01T07:48:39-05:00 2011-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2010-07-01 112656137 THE FUND FOR PUBLIC SCHOOLS INC FUND 2123747631 52 CHAMBERS STREET NEW YORK NY 10007 LYDIA STMARIE TOMMY 2123746921 2012-02-24 2129498700 2010 2016-02-24 21:20:13Z JULIA BATOR 52 CHAMBERS STREET RM 305 NEW YORK NY 10007 19665837 false X www.schools.nyc.gov/fundforpublicshools.org X 1982 NY THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT IN SCHOOL REFORM. 8 7 15 0 0 23279245 19338303 0 0 302587 321431 0 0 23581832 19659734 24401580 21567245 0 0 1070692 975617 0 0 164359 180305 335729 25652577 22878591 -2070745 -3218857 48591793 38497488 13278884 6232270 35312909 32265218 THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT IN SCHOOL REFORM. false false 21901544 21567245 The Fund for Public Schools facilitates private-sector grants to finance educational programs within the NYC Department of Education. The Fund provides critical funding for system wide educational reform initiatives throughout the city's public schools. The Fund provides grants and other support to the Department of Education for these purposes. 21901544 true true false false false false false false true true false false false false true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false false true 778 0 true 15 true false false false false false false false false false false X 8 7 false false false false false false false true true false false true true true true true true true true false NJ NY X X LYDIA ST MARIE TOMMY 2123746921 52 CHAMBERS STREET RM 305 NEW YORK NY 10007 X DENNIS WALCOTT 2.0 X X 0 0 0 CAROLINE KENNEDY 2.0 X X 0 0 0 MORTIMER B ZUCKERMAN 2.0 X X 0 0 0 JEANETTE S WAGNER 2.0 X X 0 0 0 CHARLES H GOOGE JR 2.0 X 0 0 0 ELIZABETH ROHATYN 2.0 X 0 0 0 STEPHANIE DUA 28.0 X X 158932 0 0 L LONDELL MCMILLAN 2.0 X 0 0 0 TARA M PAONE 35.0 X 138290 0 0 297222 0 0 2 false true false THE PARTHENON GROUP 200 STATE STREET BOSTON MA 02109 MGMT CONSULTANTS 300000 AMERICAN INSTITUTE FOR RESEARCH C/O SUN TRUST BANK PO BOX 79498 BALTIMORE MD 21279 RESEARCH 227283 ART CONNECTION 520 8TH AVENUE SUITE 321 NEW YORK NY 10018 PROGRAM CONSULTING 192838 THE NEW TEACHER PROJECT 186 JORALEMON STREET SUITE 300 BROOKLYN NY 11201 EDUCATIONAL CONSULT 616580 CAMBIRDGE EDUCATION LLC 400 BLUE HILL AVENUE SUITE 100 WESTWOOD MA 02090 PROFESSIONAL DEV. 382770 16 19338303 19338303 0 321431 321431 0 0 6103 6103 0 0 0 0 0 19659734 321431 21567245 21567245 0 0 0 259419 134672 124747 0 571851 144977 426874 39399 6651 26755 5993 41925 16591 25334 63023 11996 51027 0 0 48000 48000 0 0 0 87370 58626 28744 0 0 0 0 0 4646 1741 2905 0 0 0 0 0 0 0 12709 12709 PROFESSIONAL DEVELOPMENT 5279 3309 1970 FILING FEES 1275 1275 BAD DEBT EXPENSE 153381 153381 MISCELLANEOUS 23069 703 22366 22878591 21901544 812688 164359 11620776 3513369 13579839 11010535 12588 8788 3800 23379661 23949399 11517 20385 48591793 38497488 127111 105662 13151773 6126608 13278884 6232270 X 2632032 3192159 31889382 28206564 791495 866495 35312909 32265218 48591793 38497488 X -3218857 171166 X false true true X false X 30042238 43400389 14805079 23279245 19338303 130865254 30042238 43400389 14805079 23279245 19338303 130865254 51627639 79237615 962368 903601 707518 293843 321431 3188761 134054015 37238 0.59109 0.53857 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 791495 75000 43245 909740 766495 25000 791495 741495 25000 766495 0.95000 0.05000 false false 12588 8788 3800 3800 0 0 19659734 22878591 -3218857 171166 669022 840188 -2378669 20499922 171166 669022 840188 19659734 19659734 23547613 669022 669022 22878591 22878591 PURPOSE OF ENDOWMENT PART V, QUESTION 4 THE FUND'S ENDOWMENT FUNDS CONSIST OF SEVEN DONOR RESTRICTED FUNDS, ESTABLISHED TO SUPPORT EDUCATIONAL SERVICES AND SCHOLARSHIPS FIN 48 PART X, QUESTION 2 The Fund haS adopted the provisions of Accounting Standards Codification ("ASC") 740-10-05 relating to accounting and reporting for uncertainty in income taxes. Because of the Fund's general tax-exempt status, ASC 740-10-05 does not have a material effect on the Fund's financial statements. true NYC DEPARTMENT OF EDUCATION 52 CHAMBERS STREET NEW YORK NY 10007 21567245 0 FMV NONE EDUCATION 1 0 GRANT MONITORING PROCESS FORM 990, SCHEDULE I, PART I, QUESTION 2 THE FUND USES A PROCESS TO MONITOR GRANTS TO ITS NYC DEPARTMENT OF EDUCATION PARTNERS. WHEN A GRANT IS MADE BY A DONOR TO THE FUND, THE DOE IS NOTIFIED AND THE STAFF WORKS TO review the terms, budget, timelines and outcomes of the grant with the DOE partners. IN ADDITION, A SCHEDULE FOR REGULAR REPORTS IS ESTABLISHED TO REVIEW PROGRESS ON THE GOALS AND THE BUDGET. REPORTING FREQUENCY IS GENERALLY NOT LESS THAN QUARTERLY; ALTHOUGH SOME GRANTS REQUIRE MORE FREQUENT REVIEW. THE CONTROLLER GENERATES BUDGET REPORTS FOR EACH GRANT IN ACCORDANCE WITH THE SCHEDULE. REVIEWS ARE CONDUCTED BY BOTH THE FUND'S PORTFOLIO/DEVELOPMENT STAFF AND THE CFO TO ENSURE EXPENSES ARE WITHIN BUDGET AND IN ACCORDANCE WITH GRANT AGREEMENTS SIGNED WITH THE DONOR. A WEEKLY REVIEW ON A SELECT GROUP OF GRANTS IS ALSO CONDUCTED WITH THE CEO THROUGHOUT THE YEAR. X X X X false false false false false false false false STEPHANIE DUA 158932 0 0 0 0 0 16500 0 1068 0 176500 0 0 0 FORM 8868 APPLICATION FOR AN EXTENSION OF TIME TO FILE AN EXEMPT ORGANIZATION RETURN WAS PAPER FILED. PART VI, SECTIONS A, B, AND C SECTION A, QUESTION 11A THE FORM 990 IS REVIEWED BY THE FUND'S CONTROLLER, CFO AND CEO AND THEN SUBMITTED TO THE AUDIT COMMITTEE FOR ITS REVIEW. AFTER ANY COMMENTS/RECOMMENDATIONS OF THE FUND'S AUDIT COMMITTEE, THE FORM 990 IS THEN PRESENTED TO THE BOARD FOR ITS APPROVAL. SECTION B, QUESTION 12C THE FUND HAS A CONFLICT OF INTEREST POLICY ADOPTED BY THE BOARD OF DIRECTORS. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE OF THE BOARD SHALL SIGN A STATEMENT ON AN ANNUAL BASIS THAT AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THIS POLICY, THAT THEY HAVE READ THE POLICY AND THAT THEY AGREE TO COMPLY WITH THE POLICY. ALL DIRECTORS ARE ALSO REQUIRED TO IMMEDIATELY DISCLOSE A FINANCIAL INTEREST WHICH POSES A CONFLICT. BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. SECTION B, QUESTION 15B THE FUND ADOPTED A FORMAL COMPENSATION POLICY IN FISCAL-YEAR 2009. THE PRIMARY OBJECTIVE OF THE POLICY IS TO DETAIL A STRATEGIC COMPENSATION SYSTEM WHICH FORMS A LINK BETWEEN ORANIZATIONAL OBJECTIVES AND BUSINESS METRICS WHILE BALANCING THE EXPECTATIONS OF THE EMPLOYEES AND THE COSTS OF THE FUND. THE FUND USES COMPARABLE NONPROFIT ORGANIZATIONS TO BENCHMARK PAY, BUT ALSO CONSIDERS THE MARKET FOR TALENT MAY BE BROADER THAN THIS GROUP. INFORMATION FROM ADDITIONAL MARKET SEGMENTS, PRIVATE FOUNDATIONS, AND PUBLISHED NONPROFIT COMPENSATION SURVEYS WILL BE USED AS A SUPPLEMENT. IN GENERAL, THE FUND'S TOTAL COMPENSATION , INCLUDING BENEFITS, IS DESIGNED TO BE FLUID AND FLEXIBLE SO THAT COMPENSATION CAN BE BASED ON EXPERIENCE, PERFORMANCE, AND BUSINESS NEED TO ATTRACT AND RETAIN SPECIFIC TALENT. THE AUDIT COMMITTEE OF THE BOARD ASSISTS THE BOARD IN FULLIFILLING ITS OVERSIGHT RESPONSIBILITIES RELATING TO THE COMPENSATION AND BENEFITS OF THE CEO AND THE CFO; AND PROVIDES RECOMMENDATIONS REGARDING MANAGEMENT SUCCESSORS. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE BOARD THE SALARY AND ANNUAL MERIT ADJUSTMENTS FOR THE CEO, THE CFO, AND SELECTED KEY EXECUTIVES. SECTION C, QUESTION 19 THE FUND'S FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST FROM THE PUBLIC AS WELL AS BEING AVAILABLE ON THE FUND'S WESBITE. THE FUND'S ANNUAL TAX RETURN IS MADE AVAILABLE ON ITS WEBSITE. THE FUND'S FINANCIAL STATEMENTS AND FORM 990 INFORMATION IS ALSO AVAILABLE UPON REQUEST. PART XI, QUESTION 5 OTHER CHANGES INCLUDE UNREALIZED GAINS OF $171,166. PART VII, QUESTION 8A STEPHANIE DUA WAS THE CEO OF THE FUND UNTIL MARCH 31, 2011. UPON HER RESIGNATION SHE JOINED THE BOARD OF DIRECTORS.