2011-05-09T13:26:47-04:00 2010-06-30 Mitchell & Titus LLP 1818 Market Street Suite 2900 Philadelphia PA 191033652 990 2009-07-01 222567982 Philadelphia Education Fund PHIL 2156651400 1709 Benjamin Franklin Parkway Philadelphia PA 19103 Nikele Jackson 2011-05-09 2155617300 2009 2016-02-24 21:20:13Z Carol S Fixman 1709 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA PA 19103 7584533 false X www.PHILAEDFUND.ORG X 1984 PA The mission of the Philadelphia Education Fund, (the Ed Fund), is to improve the quality of public education in Philadelphia and the region so that youth are prepared for college and careers. 16 16 96 0 0 0 4027930 3594456 6641756 1060555 -2456608 -2125893 0 0 8213078 2529118 5995905 995312 0 0 3100217 3305375 0 0 114433 1457389 1631097 10553511 5931784 -2340433 -3402666 10339137 10063072 389029 508951 9950108 9554121 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 false true 1816449 21112 398377 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. 2683381 974200 585962 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. 476930 0 61435 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. 38731 0 14781 5015491 true true false false false false false false true true true false false false false false false false true false false false true true false false false false false false false false false false false false false false false false false true 201 0 true 96 true false false false false false true true false false false 16 16 false false false false false false false true true false false true true true true true false true true false PA X CAROL S FIXMAN EXE DIR 2156651400 1709 BENJAMIN FRANKLIN PARKWAYSTE PHILADELPHIA PA 19103 DIANE MELLEY 1.0 X X 0 0 0 VIKRAM DEWAN 1.0 X X 0 0 0 DAVID BAKER 1.0 X 0 0 0 FRITZ BITTENBENDER 1.0 X 0 0 0 TIMOTHY BOYLE 1.0 X 0 0 0 PATRICIA COULTER 1.0 X 0 0 0 HELEN CUNNINGHAM 1.0 X 0 0 0 ERIC L FLICKER 1.0 X 0 0 0 LYNNE Z GOLD-BIKIN ESQ 1.0 X 0 0 0 JAMES T HARRIS 1.0 X 0 0 0 JERRY JORDAN 1.0 X 0 0 0 KAREN KASKEY 1.0 X 0 0 0 SHERRI KYLE-JONES 1.0 X 0 0 0 KENNETH LAWRENCE JR 1.0 X 0 0 0 WILLIAM MARRAZZO 1.0 X 0 0 0 DELBERT PAYNE 1.0 X 0 0 0 CAROL S FIXMAN 35.0 X 149457 0 6497 NIKELE D JONES 35.0 X 92071 0 5292 MARY ALICE MULVIHILL 35.0 X 121097 0 16708 362625 0 28497 2 false true false 0 80963 1071702 2441791 3594456 CONTRACT REVENUE 611710 1060555 1060555 1060555 219408 219408 0 0 2667546 5012847 -2345301 -2345301 -2345301 42568 80963 42568 0 0 0 0 2529118 1060555 -2125893 0 995312 995312 0 0 236798 92390 99200 45208 0 2402405 2121505 238900 42000 68317 57304 8751 2262 368862 326807 27867 14188 228993 192079 29334 7580 0 2474 1273 1201 0 36383 0 36383 0 0 0 0 771548 719738 51810 0 15915 12457 263 3195 161481 112770 48711 0 5871 0 5871 0 0 277704 141432 136272 0 70332 65764 4568 0 0 71700 63667 8033 0 0 0 14579 0 14579 0 40920 5175 35745 0 HONORARIA AND STIPENDS 14362 14362 0 0 PROGRAM MATERIALS 72206 72206 0 0 OTHER EXPENSES 75622 21250 54372 0 5931784 5015491 801860 114433 85330 335922 1444780 119873 0 25500 994813 1069343 68181 62970 512587 466712 33074 45875 5832381 7390017 1880578 1013572 10339137 10063072 261078 212067 71698 75598 56253 221286 389029 508951 X 1265676 1266500 1781654 1132742 6902778 7154879 9950108 9554121 10339137 10063072 X false true true X true true X 2739222 4156543 2978909 4027930 3594456 17497060 2739222 4156543 2978909 4027930 3594456 17497060 701728 16795332 404775 526680 556056 299791 219408 2006710 19503770 33731054 0.86113 0.69492 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7309424 449875 820734 844903 242326 7492804 12912610 727119 -5210569 1005760 0 113976 7309424 0.95490 0.04510 true false 75883 69729 6154 284165 252551 31614 152539 144432 8107 45875 OTHERS 221287 RESTRICTED CASH EQUIVALENTS 781762 OTHER ASSETS 10523 1013572 0 DUE TO THIRD PARTY 221286 221286 2529118 5931784 -3402666 3006679 3006679 -395987 5657944 3006679 79579 42568 3128826 2529118 2529118 6053931 79579 42568 122147 5931784 5931784 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. 09 EDDY AWARDS 123531 80963 42568 17897 24671 0 123531 80963 42568 17897 24671 42568 true GRANTS AND SCHOLARSHIPS 315 995312 0 N/A N/A Form 990, Schedule I Description of Organization's Procedures for Monitoring the Use of Grants 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. X X X X false false false false false false false false false CAROL S FIXMAN 149457 0 0 0 0 0 0 0 6497 0 155954 0 0 0 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.