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

FieldValueIRS element (for citing)
Timestamp2011-05-09T13:26:47-04:00Timestamp
Tax Period End Date2010-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1Mitchell & Titus LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11818 Market Street Suite 2900AddressLine1
CityPhiladelphiaCity
StatePAState
ZIP Code191033652ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2009-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN222567982EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1Philadelphia Education FundBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlPHILNameControl
Phone2156651400Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11709 Benjamin Franklin ParkwayAddressLine1
CityPhiladelphiaCity
StatePAState
ZIP Code19103ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameNikele JacksonName
TitleDirectorTitle
Date Signed2011-05-09DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
Phone2155617300Phone
FieldValueIRS element (for citing)
Tax Year2009TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonCarol S FixmanNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11709 BENJAMIN FRANKLIN PARKWAYAddressLine1
CityPHILADELPHIACity
StatePAState
ZIP Code19103ZIPCode
FieldValueIRS element (for citing)
Gross Receipts7584533GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501cXOrganization501c
Web Sitewww.PHILAEDFUND.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1984YearFormation
State Legal DomicilePAStateLegalDomicile
Activity Or Mission DescriptionThe 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 Body16NbrVotingMembersGoverningBody
Nbr Independent Voting Members16NbrIndependentVotingMembers
Total Nbr Employees96TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year4027930ContributionsGrantsPriorYear
Contributions Grants Current Year3594456ContributionsGrantsCurrentYear
Program Service Revenue Prior Year6641756ProgramServiceRevenuePriorYear
Program Service Revenue CY1060555ProgramServiceRevenueCY
Investment Income Prior Year-2456608InvestmentIncomePriorYear
Investment Income Current Year-2125893InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year8213078TotalRevenuePriorYear
Total Revenue Current Year2529118TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year5995905GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY995312GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year3100217SalariesEtcPriorYear
Salaries Etc Current Year3305375SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year114433TotalFundrsngExpCurrentYear
Other Expense Prior Year1457389OtherExpensePriorYear
Other Expenses Current Year1631097OtherExpensesCurrentYear
Total Expenses Prior Year10553511TotalExpensesPriorYear
Total Expenses Current Year5931784TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-2340433RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-3402666RevenuesLessExpensesCY
Total Assets BOY10339137TotalAssetsBOY
Total Assets EOY10063072TotalAssetsEOY
Total Liabilities BOY389029TotalLiabilitiesBOY
Total Liabilities EOY508951TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY9950108NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY9554121NetAssetsOrFundBalancesEOY
Mission DescriptionThe 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 toMissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangetrueSignificantChange
Expense1816449Expense
Grants21112Grants
Revenue398377Revenue
DescriptionThe 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

FieldValueIRS element (for citing)
Expense2683381Expense
Grants974200Grants
Revenue585962Revenue
DescriptionThe 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

FieldValueIRS element (for citing)
Expense476930Expense
Grants0Grants
Revenue61435Revenue
DescriptionThe 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
FieldValueIRS element (for citing)
Total Of Other Program Service Exp38731TotalOfOtherProgramServiceExp
Total Of Other Program Service Grnt0TotalOfOtherProgramServiceGrnt
Total Of Other Program Service Rev14781TotalOfOtherProgramServiceRev
Total Program Service Expense5015491TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Balance Sheet Amounts ReportedtrueBalanceSheetAmountsReported
Independent Audit Financial StmttrueIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiestrueFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With1096201NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees96NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionstrueQuidProQuoContributions
Quid Pro Quo DisclosuretrueQuidProQuoDisclosure
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Nbr Voting Governing Body Members16NbrVotingGoverningBodyMembers
Number Independent Voting Members16NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledPAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonCAROL S FIXMAN EXE DIRNamePerson
Telephone Number2156651400TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11709 BENJAMIN FRANKLIN PARKWAYSTEAddressLine1
CityPHILADELPHIACity
StatePAState
ZIP Code19103ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (19 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationHighest Compensated EmployeeHighestCompensatedEmployee
DIANE MELLEY
BOARD CHAIR1.0XX000
VIKRAM DEWAN
BOARD TREASURER1.0XX000
DAVID BAKER
BOARD MEMBER1.0X000
FRITZ BITTENBENDER
BOARD MEMBER1.0X000
TIMOTHY BOYLE
BOARD MEMBER1.0X000
PATRICIA COULTER
BOARD MEMBER1.0X000
HELEN CUNNINGHAM
BOARD MEMBER1.0X000
ERIC L FLICKER
BOARD MEMBER1.0X000
LYNNE Z GOLD-BIKIN ESQ
BOARD MEMBER1.0X000
JAMES T HARRIS
BOARD MEMBER1.0X000
JERRY JORDAN
BOARD MEMBER1.0X000
KAREN KASKEY
BOARD MEMBER1.0X000
SHERRI KYLE-JONES
BOARD MEMBER1.0X000
KENNETH LAWRENCE JR
BOARD MEMBER1.0X000
WILLIAM MARRAZZO
BOARD MEMBER1.0X000
DELBERT PAYNE
BOARD MEMBER1.0X000
CAROL S FIXMAN
EXECUTIVE DIRECTOR35.0X14945706497
NIKELE D JONES
DIRECTOR OF FINANCE35.0X9207105292
MARY ALICE MULVIHILL
SENIOR PROGRAM DIRECTOR35.0121097016708X
FieldValueIRS element (for citing)
Total Reportable Comp From Org362625TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation28497TotalOtherCompensation
Number Individuals GT100 K2NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Fundraising Events80963FundraisingEvents
Government Grants1071702GovernmentGrants
All Other Contributions2441791AllOtherContributions
Total Contributions3594456TotalContributions

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionCONTRACT REVENUEDescription
Business Code611710BusinessCode
Total Revenue Column1060555TotalRevenueColumn
Related Or Exempt Function Income1060555RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue1060555TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column219408TotalRevenueColumn
Exclusion$219,408ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

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Royalties Revenue RoyaltiesRevenue

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Total Revenue Column0TotalRevenueColumn

Gross Amount Sales Assets GrossAmountSalesAssets

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Securities2667546Securities

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Securities5012847Securities

Gain Or Loss GainOrLoss

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Securities-2345301Securities

Net Gain Or Loss Investments NetGainOrLossInvestments

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Total Revenue Column-2345301TotalRevenueColumn
Exclusion-$2,345,301ExclusionAmount
FieldValueIRS element (for citing)
Gross Income Fundraising Events42568GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events80963CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses42568FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

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Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

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Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

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Total Revenue Column0TotalRevenueColumn
FieldValueIRS element (for citing)
Total Other Revenue0TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column2529118TotalRevenueColumn
Related Or Exempt Function Income1060555RelatedOrExemptFunctionIncome
Exclusion-$2,125,893ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total0Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total995312Total
Program Services995312ProgramServices

Foreign Grants ForeignGrants

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Total0Total

Benefits To Members BenefitsToMembers

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Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total236798Total
Program Services92390ProgramServices
Management And General99200ManagementAndGeneral
Fundraising45208Fundraising

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total2402405Total
Program Services2121505ProgramServices
Management And General238900ManagementAndGeneral
Fundraising42000Fundraising

Pension Plan Contributions PensionPlanContributions

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Program Services57304ProgramServices
Management And General8751ManagementAndGeneral
Fundraising2262Fundraising

Other Employee Benefits OtherEmployeeBenefits

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Program Services326807ProgramServices
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Fundraising14188Fundraising

Payroll Taxes PayrollTaxes

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Total228993Total
Program Services192079ProgramServices
Management And General29334ManagementAndGeneral
Fundraising7580Fundraising

Fees For Services Management FeesForServicesManagement

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Total0Total

Fees For Services Legal FeesForServicesLegal

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Total2474Total
Program Services1273ProgramServices
Management And General1201ManagementAndGeneral
Fundraising0Fundraising

Fees For Services Accounting FeesForServicesAccounting

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Program Services0ProgramServices
Management And General36383ManagementAndGeneral
Fundraising0Fundraising

Fees For Services Lobbying FeesForServicesLobbying

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Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

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Total0Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

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Total0Total

Fees For Services Other FeesForServicesOther

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Program Services719738ProgramServices
Management And General51810ManagementAndGeneral
Fundraising0Fundraising

Advertising Advertising

FieldValueIRS element (for citing)
Total15915Total
Program Services12457ProgramServices
Management And General263ManagementAndGeneral
Fundraising3195Fundraising

Office Expenses OfficeExpenses

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Total161481Total
Program Services112770ProgramServices
Management And General48711ManagementAndGeneral
Fundraising0Fundraising

Information Technology InformationTechnology

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Total5871Total
Program Services0ProgramServices
Management And General5871ManagementAndGeneral
Fundraising0Fundraising

Royalties Royalties

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Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total277704Total
Program Services141432ProgramServices
Management And General136272ManagementAndGeneral
Fundraising0Fundraising

Travel Travel

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Program Services65764ProgramServices
Management And General4568ManagementAndGeneral
Fundraising0Fundraising

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total71700Total
Program Services63667ProgramServices
Management And General8033ManagementAndGeneral
Fundraising0Fundraising

Interest Interest

FieldValueIRS element (for citing)
Total0Total

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total14579Total
Program Services0ProgramServices
Management And General14579ManagementAndGeneral
Fundraising0Fundraising

Insurance Insurance

FieldValueIRS element (for citing)
Total40920Total
Program Services5175ProgramServices
Management And General35745ManagementAndGeneral
Fundraising0Fundraising

Other Expenses OtherExpenses (3 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneralFundraisingFundraising
HONORARIA AND STIPENDS143621436200
PROGRAM MATERIALS722067220600
OTHER EXPENSES7562221250543720

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total5931784Total
Program Services5015491ProgramServices
Management And General801860ManagementAndGeneral
Fundraising114433Fundraising

Cash Non Interest Bearing CashNonInterestBearing

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BOY85330BOY
EOY335922EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

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BOY1444780BOY
EOY119873EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

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BOY0BOY
EOY25500EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY994813BOY
EOY1069343EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY68181BOY
EOY62970EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis512587LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec466712LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY33074BOY
EOY45875EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY5832381BOY
EOY7390017EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY1880578BOY
EOY1013572EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY10339137BOY
EOY10063072EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY261078BOY
EOY212067EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY71698BOY
EOY75598EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY56253BOY
EOY221286EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY389029BOY
EOY508951EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

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BOY1265676BOY
EOY1266500EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY1781654BOY
EOY1132742EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY6902778BOY
EOY7154879EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY9950108BOY
EOY9554121EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY10339137BOY
EOY10063072EOY
FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit RequiredtrueFederalGrantAuditRequired
Federal Grant Audit PerformedtrueFederalGrantAuditPerformed

Schedule A IRS990ScheduleA

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Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2739222CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4156543CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years2978909CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year4027930CurrentTaxYearMinus1Year
Current Tax Year3594456CurrentTaxYear
Total17497060Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years2739222CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years4156543CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years2978909CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year4027930CurrentTaxYearMinus1Year
Current Tax Year3594456CurrentTaxYear
Total17497060Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total701728AmountsSubstContributorsTotal
Public Support Total17016795332PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years404775CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years526680CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years556056CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year299791CurrentTaxYearMinus1Year
Current Tax Year219408CurrentTaxYear
Total2006710Total
FieldValueIRS element (for citing)
Total Support19503770TotalSupport
Gross Receipts From Admissions Etc33731054GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.86113PublicSupportPertcentage170
Public Support Pertcent Prior Year0.69492PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

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Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmtsArtPublicExhibitionAmts
Held Works Of Art AmtsHeldWorksOfArtAmts

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance7309424BeginningOfYearBalance
Contributions449875Contributions
Investment Earnings Or Losses820734InvestmentEarningsOrLosses
Grants Or Scholarships844903GrantsOrScholarships
Administrative Expenses242326AdministrativeExpenses
End Of Year Balance7492804EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Beginning Of Year Balance12912610BeginningOfYearBalance
Contributions727119Contributions
Investment Earnings Or Losses-5210569InvestmentEarningsOrLosses
Grants Or Scholarships1005760GrantsOrScholarships
Other Expenditures0OtherExpenditures
Administrative Expenses113976AdministrativeExpenses
End Of Year Balance7309424EndOfYearBalance
FieldValueIRS element (for citing)
Permanent Endowment EOY Balance0.95490PermanentEndowmentEOYBalance
Term Endowment EOY Balance0.04510TermEndowmentEOYBalance
Endowments Held By Unrelated OrgstrueEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs
LandLand
BuildingsBuildings

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis75883OtherCostOrOtherBasis
Depreciation69729Depreciation
Book Value6154BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis284165OtherCostOrOtherBasis
Depreciation252551Depreciation
Book Value31614BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis152539OtherCostOrOtherBasis
Depreciation144432Depreciation
Book Value8107BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings45875TotalOfBookValueLandBuildings

Other Assets OtherAssets (3 entries)

DescriptionDescriptionBook ValueBookValue
OTHERS221287
RESTRICTED CASH EQUIVALENTS781762
OTHER ASSETS10523
FieldValueIRS element (for citing)
Total Book Value Other Assets1013572TotalBookValueOtherAssets
Federal Income Tax Liability0FederalIncomeTaxLiability

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionDUE TO THIRD PARTYDescription
Amount$221,286Amount
FieldValueIRS element (for citing)
Total Of Amounts221286TotalOfAmounts
Total Revenue2529118TotalRevenue
Total Expenses5931784TotalExpenses
Excess Or Deficit For Year-3402666ExcessOrDeficitForYear
Net Unrealized GL On Investments3006679NetUnrealizedGLOnInvestments
Total Adjustments3006679TotalAdjustments
Excess Or Deficit Per FS-395987ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt5657944TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments3006679NetUnrealizedGainsInvestments
Donated Srvc And Use Of Facilities79579DonatedSrvcAndUseOfFacilities
Other Revenues42568OtherRevenues
Revenue Not Rptd F9903128826RevenueNotRptdF990
Revenue Subtotal2529118RevenueSubtotal
Total Revenue Per Form9902529118TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt6053931TotExpensesEtcAuditedFinclStmt
Donated Services Use Of Facilities79579DonatedServicesUseOfFacilities
Other Expenses Included42568OtherExpensesIncluded
Expenses Not Rptd F990122147ExpensesNotRptdF990
Expenses Subtotal5931784ExpensesSubtotal
Total Expenses Per Form9905931784TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Intended use of the organizations endowment fundsFORM 990 Schedule D Part V Line 4THE 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 adjustmentForm 990, Schedule D, Part XII, Line 2D and Part XIII, Line 2dSpecial event direct expenses $42,568.

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event109 EDDY AWARDSNameOfEvent1
Gross Receipts Event1123531GrossReceiptsEvent1
Charitable Contributions Event180963CharitableContributionsEvent1
Gross Revenue Event142568GrossRevenueEvent1
Food And Beverage Event117897FoodAndBeverageEvent1
Other Direct Expenses Event124671OtherDirectExpensesEvent1
Total Number Of Other Events0TotalNumberOfOtherEvents
Gross Receipts Total123531GrossReceiptsTotal
Charitable Contributions Total80963CharitableContributionsTotal
Gross Revenue Total Events42568GrossRevenueTotalEvents
Food And Beverage Total Events17897FoodAndBeverageTotalEvents
Other Direct Expenses Total Events24671OtherDirectExpensesTotalEvents
Direct Expense Summary Events42568DirectExpenseSummaryEvents

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedtrueRecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantGRANTS AND SCHOLARSHIPSTypeOfGrant
Number Of Recipients315NumberOfRecipients
Amount Of Cash Grant995312AmountOfCashGrant
Amount Of Non Cash Assistance0AmountOfNonCashAssistance
Method Of ValuationN/AMethodOfValuation
Description Of Non Cash AssistanceN/ADescriptionOfNonCashAssistance

Form990 Schedule I Part IV Form990ScheduleIPartIV

FieldValueIRS element (for citing)
IdentifierForm 990, Schedule IIdentifier
Return ReferenceDescription of Organization's Procedures for Monitoring the Use of GrantsReturnReference
ExplanationPHILADELPHIA 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

FieldValueIRS element (for citing)
Compensation CommitteeXCompensationCommittee
Form990 Of Other OrganizationsXForm990OfOtherOrganizations
Compensation SurveyXCompensationSurvey
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance PaymentfalseSeverancePayment
Supplemental Nonqual Retire PlanfalseSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgfalseCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentsfalseAnyNonFixedPayments
Initial Contract ExceptionfalseInitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

FieldValueIRS element (for citing)
Name PersonCAROL S FIXMANNamePerson
Base Compensation Filing Org149457BaseCompensationFilingOrg
Comp Based On Related Orgs0CompBasedOnRelatedOrgs
Bonus Filing Org0BonusFilingOrg
Bonus Related Orgs0BonusRelatedOrgs
Other Compensation Filing Org0OtherCompensationFilingOrg
Other Compensation Related Orgs0OtherCompensationRelatedOrgs
Deferred Comp Filing Org0DeferredCompFilingOrg
Deferred Comp Related Orgs0DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org6497NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs0NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org155954TotalCompensationFilingOrg
Total Compensation Related Orgs0TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org0CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs0CompReportPrior990RelatedOrgs

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
Cessation of ServicesForm 990, Part III, Line 3In 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 ServicesForm 990, Part III, Line 4dConducts 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 990Form 990, Part VI, Question 11A 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 InterestForm 990, Part VI, Question 12cAny 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 officialForm 990, Part VI, Question 15aTHE 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 EMPLOYEESForm 990, Part VI, Question 15bOTHER 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 PublicForm 990, Part VI, Question 19THE ED FUND MAKES ITS governing documents, financial statements and conflict of interest policy AVAILABLE UPON WRITTEN REQUEST.
Avail of written document retention and destruction policyForm 990, Part VI, Line 14The organization plans to develop and implement a written document and destruction policy in fiscal year 2011.

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