Totals
- Total revenue
- $2,636,899
- Total expenses
- $3,354,872
- Contributions and grants received
- $2,030,140
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $45,792
- Other revenue
- $560,967
- Total assets, end of year
- $2,096,911
- Total liabilities, end of year
- $313,850
- Net assets or fund balances, end of year
- $1,783,061
- Program services expenses (Part IX)
- $2,519,510
- Management and general expenses
- $345,553
- Fundraising expenses
- $489,809
- Program service expenses (Part III)
- $2,519,510
Program services were 75.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$613,867
-
1f · All other contributions, gifts and grants
$1,416,273
-
1g · Noncash contributions included above
$0
-
3 · Investment income
total $45,792 · related or exempt $0 · unrelated business $0 · excluded $45,792
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: gross income
$698,055
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$146,143
-
8c · Net income from fundraising events
total $551,912 · unrelated business $0 · excluded $551,912
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $9,055 · related or exempt $9,055 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$9,055
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $823,506 · program services $618,454 · management and general $84,820 · fundraising $120,232
-
7 · Other salaries and wages
total $1,393,320 · program services $1,046,383 · management and general $143,512 · fundraising $203,425
-
9 · Other employee benefits
total $285,283 · program services $214,248 · management and general $29,384 · fundraising $41,651
-
10 · Payroll taxes
total $175,483 · program services $131,788 · management and general $18,075 · fundraising $25,620
-
11c · Fees: accounting
total $27,050 · program services $20,315 · management and general $2,786 · fundraising $3,949
-
11g · Fees: other
total $132,108 · program services $99,213 · management and general $13,608 · fundraising $19,287
-
13 · Office expenses
total $58,289 · program services $43,774 · management and general $6,004 · fundraising $8,511
-
14 · Information technology
total $7,327 · program services $5,502 · management and general $755 · fundraising $1,070
-
16 · Occupancy
total $314,377 · program services $236,097 · management and general $32,381 · fundraising $45,899
-
17 · Travel
total $2,195 · program services $1,650 · management and general $226 · fundraising $319
-
22 · Depreciation, depletion and amortization
total $8,501 · program services $6,384 · management and general $876 · fundraising $1,241
-
23 · Insurance
total $31,200 · program services $23,431 · management and general $3,214 · fundraising $4,555
-
24a · Other expenses: PROFESSIONAL DEVELOPMENT
total $48,471 · program services $36,403 · management and general $4,992 · fundraising $7,076
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $38,193 · program services $28,683 · management and general $3,934 · fundraising $5,576
-
24c · Other expenses: SUBSCRIPTIONS
total $5,182 · program services $3,891 · management and general $534 · fundraising $757
-
24d · Other expenses: PROGRAM EXPENSES
total $4,387 · program services $3,294 · management and general $452 · fundraising $641
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $176,903 · end of year $283,482
-
3 · Pledges and grants receivable
beginning of year $886,040 · end of year $607,749
-
4 · Accounts receivable
beginning of year $155,407 · end of year $262,674
-
9 · Prepaid expenses and deferred charges
end of year $4,232
-
10a · Land, buildings and equipment: cost or other basis
$698,825
-
10b · Land, buildings and equipment: accumulated depreciation
$691,248
-
10c · Land, buildings and equipment, net
beginning of year $14,279 · end of year $7,577
-
11 · Investments: publicly traded securities
beginning of year $1,357,360 · end of year $720,401
-
15 · Other assets
beginning of year $487,917 · end of year $210,796
-
17 · Accounts payable and accrued expenses
beginning of year $19,169 · end of year $32,791
-
19 · Deferred revenue
beginning of year $111,244 · end of year $111,244
-
25 · Other liabilities
beginning of year $446,454 · end of year $169,815
-
27 · Net assets without donor restrictions
beginning of year $1,836,192 · end of year $1,353,061
-
28 · Net assets with donor restrictions
beginning of year $664,847 · end of year $430,000
Mission and programs · 2024
Mission
NEW YORK CITY SCHOOLS ARE FILLED WITH STUDENTS WHO HAVE POTENTIAL AND AMBITION TO GO FAR AND WE ENVISION A CITY FILLED WITH STUDENTS WHOSE OPPORTUNITIES MATCH THEIR AMBITIONS. SINCE 1995, WE'VE PLAYED A CRITICAL ROLE IN BRINGING TOGETHER BUSINESS PROFESSIONALS, EDUCATORS AND STUDENTS TO OPEN EYES, OPEN MINDS, AND OPEN DOORS. BY DOING SO, WE CONNECT STUDENTS TO SUCCESS.
Activities or mission (Part I)
BRINGING TOGETHER BUSINESS PROFESSIONALS, EDUCATORS AND STUDENTS TO OPEN EYES, OPEN MINDS AND OPEN DOORS.
-
THROUGH ITS SCHOOL-BASED PARTNERSHIP PROGRAMS, PENCIL SERVED 1,048 STUDENTS ACROSS 39 NYC PUBLIC SCHOOLS. THESE PROGRAMS LEVERAGE THE TALENTS AND RESOURCES OF NYC'S BUSINESS COMMUNITY TO IMPROVE STUDENTS' COLLEGE AND CAREER READINESS. 86% OF STUDENTS SAW AN INCREASE IN ONE OR MORE OF PENCIL'S "KEYS TO SUCCESS." 99% OF STUDENTS AGREED THAT PENCIL HELPED THEM DEVELOP THE SKILLS ESSENTIAL FOR THEIR GROWTH AND SUCCESS. PENCIL PROVIDED 669 STUDENTS COLLEGE AND CAREER TRAINING THROUGH ITS INTERNSHIP PROGRAMS. PENCIL PLACED 422 STUDENTS IN SIX-WEEK REMOTE OR IN-PERSON INTERNSHIPS AT OVER 100 BUSINESSES ACROSS NEW YORK CITY. PENCIL PROVIDED 50 ADDITIONAL STUDENTS WITH PAID WORK-BASED EXPERIENCES THROUGH ITS CAREER EXPLORERS PROGRAM. PARTICIPANTS EARNED APPROXIMATELY $1.2M DURING THESE SUMMER EXPERIENCES. PENCIL HOSTED PRINCIPAL FOR A DAY ON MAY 9TH, 2024. THESE EVENTS CREATED SPACE FOR PRINCIPALS AND BUSINESS EXECUTIVES TO DISCUSS THE ONGOING CHALLENGES AND OPPORTUNITIES IN THEIR SCHOOLS. OVER 144 EXECUTIVES CONNECTED WITH 135 SCHOOLS, SUPPORTING AN ESTIMATED 563 TEACHERS AND 4,871 STUDENTS. PENCIL ALSO SUPPORTED SIX SCHOOLS AS PART OF NYC PUBLIC SCHOOLS' FUTURE READY NYC INITIATIVE. THESE COACHINGS SUPPORTED PRINCIPALS AND EDUCATORS IN INTEGRATING CAREER READINESS INTO THEIR CURRICULA AND PROVIDED PROFESSIONAL DEVELOPMENT, IMPROVING THE EDUCATIONAL EXPERIENCE OF OVER 4,979 STUDENTS.
Expenses $2,519,510
As filed on the 2024 return.
Listed in Part VII
-
Gregg B BetheilGREGG B BETHEIL
CEO
- Total calculated
- $264,648
- From this org
- $232,674
- From related orgs
- $0
- Other
- $31,974
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $232,674
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $31,974
- Filer's total
- $264,648
-
Jessica BynoeJESSICA BYNOE
PRESIDENT
- Total calculated
- $243,948
- From this org
- $233,421
- From related orgs
- $0
- Other
- $10,527
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $233,421
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $10,527
- Filer's total
- $243,948
-
Angelie SinglaANGELIE SINGLA
VP OF GROWTH
- Total calculated
- $166,353
- From this org
- $137,444
- From related orgs
- $0
- Other
- $28,909
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,444
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $28,909
- Filer's total
- $166,353
-
Keith HoweyKEITH HOWEY
VP OF IMPACT AND EVALUATION
- Total calculated
- $148,558
- From this org
- $116,584
- From related orgs
- $0
- Other
- $31,974
- Hours/week
- 40
-
Christine Marie GormanCHRISTINE MARIE GORMAN
VP CHIEF OF STAFF
- Total calculated
- $129,258
- From this org
- $118,731
- From related orgs
- $0
- Other
- $10,527
- Hours/week
- 40
-
Hannah ImmermanHANNAH IMMERMAN
ASSOCIATE DIRECTOR,DEVELOPMENT
- Total calculated
- $106,506
- From this org
- $84,909
- From related orgs
- $0
- Other
- $21,597
- Hours/week
- 40
-
Joanna LambertJOANNA LAMBERT
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Howard ChatzinoffHOWARD CHATZINOFF
CHAIR EMERITUS
- Total calculated
- $0
- Hours/week
- 2
-
Christopher B HaywardCHRISTOPHER B HAYWARD
CHAIR EMERITUS
- Total calculated
- $0
- Hours/week
- 2
-
Lewis Warren JrLEWIS WARREN JR
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
John FosinaJOHN FOSINA
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Roy AdamsROY ADAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gerd AlexanderGERD ALEXANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Heather Cannady-AveryHEATHER CANNADY-AVERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mariel CruzMARIEL CRUZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nicole DegnanNICOLE DEGNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jason HarrellJASON HARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Socrates JimenezSOCRATES JIMENEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cindy Ma Ph D CFACINDY MA PH D CFA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael MaslanskyMICHAEL MASLANSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Uche NjokuUCHE NJOKU
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
David BanksDAVID BANKS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
Jeremy A PhillipsJEREMY A PHILLIPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stuart RuderferSTUART RUDERFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ron RudzinRON RUDZIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David FishmanDAVID FISHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nicole GallagherNICOLE GALLAGHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202542899349300829
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