THE PHILADELPHIA EDUCATION FUND: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- THE PHILADELPHIA EDUCATION FUND (EIN 22-2567982)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-09
- IRS object ID
- 201131299349301313
- Schema version
- 2009v1.7
- 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 | 2011-05-09T13:26:47-04:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | 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 | 2009-07-01 | 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 | Nikele Jackson | Name |
| Title | Director | Title |
| Date Signed | 2011-05-09 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2155617300 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Carol S Fixman | 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 | 7584533 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| 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 | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 96 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 4027930 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3594456 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 6641756 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1060555 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -2456608 | InvestmentIncomePriorYear |
| Investment Income Current Year | -2125893 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 8213078 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2529118 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 5995905 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 995312 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3100217 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3305375 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 114433 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 1457389 | OtherExpensePriorYear |
| Other Expenses Current Year | 1631097 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 10553511 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5931784 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2340433 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3402666 | RevenuesLessExpensesCY |
| Total Assets BOY | 10339137 | TotalAssetsBOY |
| Total Assets EOY | 10063072 | TotalAssetsEOY |
| Total Liabilities BOY | 389029 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 508951 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 9950108 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 9554121 | NetAssetsOrFundBalancesEOY |
| 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. Since 1985, the Ed Fund, which ranks as one of the most high-performing among the 80 local education funds comprising the Public Education Network, has partnered with school districts, universities, businesses, community organizations, civic leaders and other education stakeholders to develop school and community-based programs aimed at providing children in the Philadelphia region access to the best possible education opportunities. THE PHILADELPHIA EDUCATION FUND WORKS WITH SCHOOL DISTRICTS AND PARTNERS, INCLUDING BUSINESSES, UNIVERSITIES AND NON-PROFIT ORGANIZATIONS, AS WELL AS COMMUNITY STAKEHOLDERS, TO: 1. Increase the number of public secondary schools (grades 6 - 12) that are high performing; 2. Increase the number of public school students who access postsecondary education and persist to | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | true | SignificantChange |
| Expense | 1816449 | Expense |
| Grants | 21112 | Grants |
| Revenue | 398377 | Revenue |
| Description | The Ed Fund enhances Teaching and Learning: + Philadelphia Teacher Residency REPLICATES A SUCCESSFUL NATIONAL MODEL TO RECRUIT AND TRAIN STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH) PROFESSIONALS TO BECOME MATH AND SCIENCE TEACHERS IN PHILADELPHIA PUBLIC SCHOOLS. + Diplomas Now, which is being replicated nationally, is a dropout prevention program that utilizes the Ed Fund's Early Warning Indicators research to keep middle grades and high school 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. + Postsecondary Success Program creates the systemic change that allows students in low performing high schools to access and succeed in college. This is a national initiative of the Public Education Network. + The Philadelphia Math + Science Coalition, a thriving partnership of OVER 50 businesses, universities, the School District, and non-profits that brings 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 | 2683381 | Expense |
| Grants | 974200 | Grants |
| Revenue | 585962 | Revenue |
| Description | The Ed Fund assists students to Access and Succeed in postsecondary education: + 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 1,800 College Access students in good standing, 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 not finished, college. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 476930 | Expense |
| Grants | 0 | Grants |
| Revenue | 61435 | Revenue |
| Description | The Ed Fund Engages and Informs public school advocates through its civic engagement efforts: + 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 impacted teachers' contracts, site-based teacher selection and effective teaching. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 38731 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 14781 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 5015491 | 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 |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| 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 | true | 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 |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 201 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 96 | 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 |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | 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 | CAROL S FIXMAN EXE DIR | NamePerson |
| Telephone Number | 2156651400 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1709 BENJAMIN FRANKLIN PARKWAYSTE | AddressLine1 |
| City | PHILADELPHIA | City |
| State | PA | State |
| ZIP Code | 19103 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 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 | |
| VIKRAM DEWAN | |||||||
| BOARD TREASURER | 1.0 | X | X | 0 | 0 | 0 | |
| DAVID BAKER | |||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | ||
| FRITZ BITTENBENDER | |||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | ||
| TIMOTHY BOYLE | |||||||
| 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 | ||
| JAMES T HARRIS | |||||||
| 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 | ||
| DELBERT PAYNE | |||||||
| BOARD MEMBER | 1.0 | X | 0 | 0 | 0 | ||
| CAROL S FIXMAN | |||||||
| EXECUTIVE DIRECTOR | 35.0 | X | 149457 | 0 | 6497 | ||
| NIKELE D JONES | |||||||
| DIRECTOR OF FINANCE | 35.0 | X | 92071 | 0 | 5292 | ||
| MARY ALICE MULVIHILL | |||||||
| SENIOR PROGRAM DIRECTOR | 35.0 | 121097 | 0 | 16708 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 362625 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 28497 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 80963 | FundraisingEvents |
| Government Grants | 1071702 | GovernmentGrants |
| All Other Contributions | 2441791 | AllOtherContributions |
| Total Contributions | 3594456 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CONTRACT REVENUE | Description |
| Business Code | 611710 | BusinessCode |
| Total Revenue Column | 1060555 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1060555 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1060555 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 219408 | TotalRevenueColumn |
| Exclusion | $219,408 | 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 | 2667546 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 5012847 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -2345301 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -2345301 | TotalRevenueColumn |
| Exclusion | -$2,345,301 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 42568 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 80963 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 42568 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
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 | 2529118 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1060555 | RelatedOrExemptFunctionIncome |
| Exclusion | -$2,125,893 | 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 | 995312 | Total |
| Program Services | 995312 | 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 | 236798 | Total |
| Program Services | 92390 | ProgramServices |
| Management And General | 99200 | ManagementAndGeneral |
| Fundraising | 45208 | 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 | 2402405 | Total |
| Program Services | 2121505 | ProgramServices |
| Management And General | 238900 | ManagementAndGeneral |
| Fundraising | 42000 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68317 | Total |
| Program Services | 57304 | ProgramServices |
| Management And General | 8751 | ManagementAndGeneral |
| Fundraising | 2262 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 368862 | Total |
| Program Services | 326807 | ProgramServices |
| Management And General | 27867 | ManagementAndGeneral |
| Fundraising | 14188 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 228993 | Total |
| Program Services | 192079 | ProgramServices |
| Management And General | 29334 | ManagementAndGeneral |
| Fundraising | 7580 | 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 | 2474 | Total |
| Program Services | 1273 | ProgramServices |
| Management And General | 1201 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36383 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 36383 | 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 | 771548 | Total |
| Program Services | 719738 | ProgramServices |
| Management And General | 51810 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15915 | Total |
| Program Services | 12457 | ProgramServices |
| Management And General | 263 | ManagementAndGeneral |
| Fundraising | 3195 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 161481 | Total |
| Program Services | 112770 | ProgramServices |
| Management And General | 48711 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5871 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 5871 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 277704 | Total |
| Program Services | 141432 | ProgramServices |
| Management And General | 136272 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70332 | Total |
| Program Services | 65764 | ProgramServices |
| Management And General | 4568 | 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 | 71700 | Total |
| Program Services | 63667 | ProgramServices |
| Management And General | 8033 | 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 | 14579 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 14579 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40920 | Total |
| Program Services | 5175 | ProgramServices |
| Management And General | 35745 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| HONORARIA AND STIPENDS | 14362 | 14362 | 0 | 0 |
| PROGRAM MATERIALS | 72206 | 72206 | 0 | 0 |
| OTHER EXPENSES | 75622 | 21250 | 54372 | 0 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5931784 | Total |
| Program Services | 5015491 | ProgramServices |
| Management And General | 801860 | ManagementAndGeneral |
| Fundraising | 114433 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85330 | BOY |
| EOY | 335922 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1444780 | BOY |
| EOY | 119873 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 25500 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 994813 | BOY |
| EOY | 1069343 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 68181 | BOY |
| EOY | 62970 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 512587 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 466712 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33074 | BOY |
| EOY | 45875 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5832381 | BOY |
| EOY | 7390017 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1880578 | BOY |
| EOY | 1013572 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10339137 | BOY |
| EOY | 10063072 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 261078 | BOY |
| EOY | 212067 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 71698 | BOY |
| EOY | 75598 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 56253 | BOY |
| EOY | 221286 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 389029 | BOY |
| EOY | 508951 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1265676 | BOY |
| EOY | 1266500 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1781654 | BOY |
| EOY | 1132742 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6902778 | BOY |
| EOY | 7154879 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9950108 | BOY |
| EOY | 9554121 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10339137 | BOY |
| EOY | 10063072 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 2739222 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4156543 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2978909 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4027930 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3594456 | CurrentTaxYear |
| Total | 17497060 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2739222 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4156543 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2978909 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 4027930 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3594456 | CurrentTaxYear |
| Total | 17497060 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 701728 | AmountsSubstContributorsTotal |
| Public Support Total170 | 16795332 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 404775 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 526680 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 556056 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 299791 | CurrentTaxYearMinus1Year |
| Current Tax Year | 219408 | CurrentTaxYear |
| Total | 2006710 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 19503770 | TotalSupport |
| Gross Receipts From Admissions Etc | 33731054 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.86113 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.69492 | 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 CurrentYear
| 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 Minus1 Year CurrentYearMinus1Year
| 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) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.95490 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.04510 | 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 | 69729 | Depreciation |
| Book Value | 6154 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 284165 | OtherCostOrOtherBasis |
| Depreciation | 252551 | Depreciation |
| Book Value | 31614 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 152539 | OtherCostOrOtherBasis |
| Depreciation | 144432 | Depreciation |
| Book Value | 8107 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 45875 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| OTHERS | 221287 |
| RESTRICTED CASH EQUIVALENTS | 781762 |
| OTHER ASSETS | 10523 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 1013572 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DUE TO THIRD PARTY | Description |
| Amount | $221,286 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 221286 | TotalOfAmounts |
| Total Revenue | 2529118 | TotalRevenue |
| Total Expenses | 5931784 | TotalExpenses |
| Excess Or Deficit For Year | -3402666 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 3006679 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 3006679 | TotalAdjustments |
| Excess Or Deficit Per FS | -395987 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 5657944 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 3006679 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 79579 | DonatedSrvcAndUseOfFacilities |
| Other Revenues | 42568 | OtherRevenues |
| Revenue Not Rptd F990 | 3128826 | RevenueNotRptdF990 |
| Revenue Subtotal | 2529118 | RevenueSubtotal |
| Total Revenue Per Form990 | 2529118 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6053931 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 79579 | DonatedServicesUseOfFacilities |
| Other Expenses Included | 42568 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 122147 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5931784 | ExpensesSubtotal |
| Total Expenses Per Form990 | 5931784 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Intended use of the organizations endowment funds | 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. |
| Reconciliation of revenue and expense - other adjustment | Form 990, Schedule D, Part XII, Line 2D and Part XIII, Line 2d | Special event direct expenses $42,568. |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | 09 EDDY AWARDS | NameOfEvent1 |
| Gross Receipts Event1 | 123531 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 80963 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 42568 | GrossRevenueEvent1 |
| Food And Beverage Event1 | 17897 | FoodAndBeverageEvent1 |
| Other Direct Expenses Event1 | 24671 | OtherDirectExpensesEvent1 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 123531 | GrossReceiptsTotal |
| Charitable Contributions Total | 80963 | CharitableContributionsTotal |
| Gross Revenue Total Events | 42568 | GrossRevenueTotalEvents |
| Food And Beverage Total Events | 17897 | FoodAndBeverageTotalEvents |
| Other Direct Expenses Total Events | 24671 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 42568 | DirectExpenseSummaryEvents |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | GRANTS AND SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 315 | NumberOfRecipients |
| Amount Of Cash Grant | 995312 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Method Of Valuation | N/A | MethodOfValuation |
| Description Of Non Cash Assistance | N/A | DescriptionOfNonCashAssistance |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule I | Identifier |
| Return Reference | Description of Organization's Procedures for Monitoring the Use of Grants | ReturnReference |
| Explanation | PHILADELPHIA SCHOLARS SCHOLARSHIP DISBUSRSEMENTS ARE AWARED 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 ADDITION, 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 FINANCIAL AID REPRESENTATIVE WILL INDICATE THE REASON ON THE LETTER AND RETURN THE CHECK. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | CAROL S FIXMAN | NamePerson |
| Base Compensation Filing Org | 149457 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 6497 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 155954 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Cessation of Services | Form 990, Part III, Line 3 | In July 2009, the Ed Fund's contract to administer the Core Philly Scholarship program ended. In fiscal year ending June 30, 2009, the CORE Philly Scholarship Program, under Ed Fund management, distributed $4,975,645 in scholarships to eligible applicants. The Core Philly Scholarships accounted for $4,975,645 in pass through contract revenue as of June 30, 2009. The CORE Philly Scholarship Program is to be a city-wide initiative that was inaugurated in 2003, by the City of Philadelphia and the School District of Philadelphia. The goal of CORE Philly Scholarship is to encourage and enable Philadelphia youth to enroll in higher education. CORE Philly, a not-for-profit organization, combined funding from the City of Philadelphia and the School District of Philadelphia, to provide "last dollar" scholarships for the freshmen year of college, to Philadelphia - resident, high school seniors. Eligible applicants attended public, charter, parochial, and private high schools and were enrolled for the freshman college year at participating institutions including Community College of Philadelphia (CCP), Pennsylvania State System of Higher Education Universities (PSSHE), and Pennsylvania State-Related Universities (University of Pennsylvania). |
| Description of Other Program Services | Form 990, Part III, Line 4d | Conducts Research that fuels our work and that of others: + The Early Warning Indicators Study, prepared in partnership with Johns Hopkins University, identifies four dropout risk factors seen as early as 6th grade and is regularly cited locally, regionally and nationally. + 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. |
| Describe the Process used by Management &/or Governing Body to Review 990 | Form 990, Part VI, Question 11 | 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 SPECIFIED 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. |
| Description of Process to Monitor Transactions for Conflicts of Interest | Form 990, Part VI, Question 12c | Any conflicts disclosed are reviewed by the Ed Fund's Executive Committee, who determines the material nature, if any, of the conflict and if required the Board member will abstain from voting. |
| Process for determining compensation for CEO, Exec Dir or top mgt official | Form 990, Part VI, Question 15a | THE ED FUND'S CURRENT EXECUTIVE DIRECTOR'S INITIAL COMPENSATION WAS DETERMINED BY A SEARCH COMMITTEE. THE SEARCH COMMITTEE REVIEWED THE COMPENSATION OF THE PRECEDING EXECUTIVE DIRECTOR, THE COMPENSATION OF CURRENT EXECUTIVE DIRECTOR AT HER FORMER EMPLOYMENT, THE COMPENSATION OF EXECUTIVE DIRECTORS OF OTHER NOT-FOR-PROFITS ORGANIZATIONS OF SIMILAR SIZE AND ULTIMATELY WHAT WAS INCLUDED IN THE ED FUND'S ORGANIZATIONAL BUDGET. THE AGREED UPON COMPENSATION WAS TAKEN TO THE FULL BOARD OF REVIEW AND APPROVAL. ANY SUBSEQUENT CHANGES IN THE EXECUTIVE DIRECTOR'S COMPENSATION ARE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. A REVIEW WAS LAST DONE BY THE EXECUTIVE COMMITTEE IN JUNE 2010. |
| PROCESS FOR DETERMINING COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES | Form 990, Part VI, Question 15b | OTHER OFFICERS AND/OR 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 THE FINANCE DIRECTOR. |
| Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public | Form 990, Part VI, Question 19 | THE ED FUND MAKES ITS governing documents, financial statements and conflict of interest policy AVAILABLE UPON WRITTEN REQUEST. |
| Avail of written document retention and destruction policy | Form 990, Part VI, Line 14 | The organization plans to develop and implement a written document and destruction policy in fiscal year 2011. |
Comments