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Nonprofiteer
← PENCILS OF PROMISE INCORPORATED

Form 990 for tax year 2023

Filed by PENCILS OF PROMISE INCORPORATED.

Totals

Total revenue
$3,470,681
Total expenses
$3,887,849
Contributions and grants received
$3,833,497
Grants paid
$5,121
Program service revenue
$0
Investment income
$0
Other revenue
-$362,816
Total assets, end of year
$1,819,029
Total liabilities, end of year
$35,101
Net assets or fund balances, end of year
$1,783,928
Program services expenses (Part IX)
$3,191,568
Management and general expenses
$333,568
Fundraising expenses
$362,713
Program service expenses (Part III)
$3,191,568

Program services were 82.1% 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.

  • 1c · Fundraising events

    $977,907

  • 1f · All other contributions, gifts and grants

    $2,855,590

  • 8a · Fundraising events: gross income

    $103,250

  • 8a · Fundraising events: contributions included on line 1c

    $977,907

  • 8b · Fundraising events: direct expenses

    $496,060

  • 8c · Net income from fundraising events

    total -$392,810 · excluded -$392,810

  • 10a · Gross sales of inventory

    $421

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $421 · related or exempt $421

  • 11a · Other revenue: OTHER SUPPORT

    total $29,573 · excluded $29,573

  • 11e · Other revenue, total

    $29,573

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $5,121 · program services $5,121

  • 5 · Compensation of officers, directors and key employees

    total $310,894 · program services $112,735 · management and general $70,460 · fundraising $127,699

  • 7 · Other salaries and wages

    total $1,202,804 · program services $1,153,140 · management and general $21,381 · fundraising $28,283

  • 8 · Pension plan contributions

    total $19,448 · program services $17,150 · management and general $1,168 · fundraising $1,130

  • 9 · Other employee benefits

    total $92,237 · program services $89,033 · management and general $463 · fundraising $2,741

  • 10 · Payroll taxes

    total $222,614 · program services $187,918 · management and general $12,802 · fundraising $21,894

  • 11b · Fees: legal

    total $2,640 · program services $2,253 · management and general $129 · fundraising $258

  • 11c · Fees: accounting

    total $226,645 · program services $193,446 · management and general $11,066 · fundraising $22,133

  • 11g · Fees: other

    total $366,051 · program services $312,432 · management and general $17,873 · fundraising $35,746

  • 12 · Advertising and promotion

    total $77,836 · fundraising $77,836

  • 13 · Office expenses

    total $123,161 · program services $112,881 · management and general $3,427 · fundraising $6,853

  • 14 · Information technology

    total $119,229 · program services $102,735 · management and general $5,498 · fundraising $10,996

  • 16 · Occupancy

    total $93,571 · program services $87,247 · management and general $2,108 · fundraising $4,216

  • 17 · Travel

    total $185,105 · program services $150,666 · management and general $11,511 · fundraising $22,928

  • 22 · Depreciation, depletion and amortization

    total $42,848 · program services $42,166 · management and general $682

  • 24a · Other expenses: SCHOOL BUILDINGS AND IN

    total $404,547 · program services $404,547

  • 24b · Other expenses: BAD DEBT

    total $175,000 · management and general $175,000

  • 24c · Other expenses: TEACHER SUPPORT

    total $96,366 · program services $96,366

  • 24d · Other expenses: OTHER PROGRAM SPENDING

    total $80,831 · program services $80,831

  • 24e · All other expenses

    total $40,901 · program services $40,901

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $916,097 · end of year $1,191,796

  • 2 · Savings and temporary cash investments

    beginning of year $601

  • 3 · Pledges and grants receivable

    beginning of year $1,258,995 · end of year $500,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,475 · end of year $20,545

  • 10a · Land, buildings and equipment: cost or other basis

    $1,109,727

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,011,039

  • 10c · Land, buildings and equipment, net

    beginning of year $144,712 · end of year $98,688

  • 15 · Other assets

    beginning of year $8,000 · end of year $8,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $145,015 · end of year $35,101

  • 27 · Net assets without donor restrictions

    beginning of year $1,051,665 · end of year $1,132,728

  • 28 · Net assets with donor restrictions

    beginning of year $1,151,200 · end of year $651,200

Mission and programs · 2023

Mission

WE BELIEVE EVERY CHILD DESERVES ACCESS TO QUALITY EDUCATION. WE CREATE SCHOOLS, PROGRAMS, AND GLOBAL COMMUNITIES AROUND THE COMMON GOAL OF EDUCATION FOR ALL. WE ACCOMPLISH THESE ACTIVITIES BY DEDICATING SIGNIFICANT AMOUNTS OF TIME, LABOR, AND EFFORT TO RAISING MONEY IN THE U.S. THROUGH YOUTH AND PROFESSIONAL ENGAGEMENT PROGRAMS AND SPECIAL EVENTS. THROUGH THE YOUTH AND PROFESSIONAL ENGAGEMENT PROGRAMS AND SPECIAL EVENTS. THE FUNDS RAISED ALLOW US TO INCREASE OUR DOMESTIC AND INTERNATIONAL REACH AND IMPACT. AT THE CONCLUSION OF 2021, WE HAVE BROKEN GROUND ON 585 SCHOOLS AROUND THE WORLD. OUR SCHOOLS ARE OPEN TO STUDENTS IN EACH COUNTRY AND THE STAGES OF PLANNING AND CONSTRUCTION ARE UNDERWAY IN SEVERAL NEW COMMUNITIES ACROSS GHANA, GUATEMALA, AND LAOS.

Activities or mission (Part I)

AT PENCILS OF PROMISE, INC. ("POP"), WE BELIEVE EVERY CHILD DESERVES ACCESS TO QUALITY EDUCATION. WE CREATE SCHOOLS, PROGRAMS AND GLOBAL COMMUNITIES AROUND THE COMMON GOAL OF EDUCATION FOR ALL. WE ACCOMPLISH THESE ACTIVITIES BY DEDICATING SIGNIFICANT AMOUNTS OF TIME, LABOR AND EFFORT RAINING MONEY IN THE U.S. THROUGH YOUTH AND PROFESSIONAL ENGAGEMENT PROGRAMS AND SPECIAL EVENTS. THE FUNDS RAISED ALLOW US TO INCREASE OUR DOMESTIC AND INTERNATIONAL REACH AND IMPACT.

  • THE FIRST OF OUR CORE PROGRAMS ARE SCHOOL BUILDS. WE PARTNER WITH LOCAL COMMUNITIES AND GOVERNMENTS TO IMPROVE THE STATE OF EDUCATION INFRASTRUCTURE IN COMMUNITIES. OUR SHORT-TERM GOALS ARE TO ADDRESS THE NEED FOR AN IMPROVED INFRASTRUCTURE WITHOUT LONG-TERM GOALS BEING TO IMPROVE STUDENT ATTENDANCE, PROGRESSION, AND TEST SCORES. THE BENEFICIARIES OF OUR SCHOOL BUILDING PROGRAM ARE PRIMARY SCHOOL STUDENTS CURRENTLY ATTENDING SCHOOL IN POOR-QUALITY STRUCTURES AND PRIMARY SCHOOL TEACHERS CURRENTLY TEACHING IN POOR-QUALITY STRUCTURES. THROUGH THE END OF 2021, WE HAVE BROKEN GROUND ON A TOTAL OF 585 SCHOOLS ACROSS OUR GEOGRAPHIES.

    Expenses $1,782,292

  • OUR SECOND CORE PROGRAM IS TEACHER SUPPORT. WE SUPPORT TEACHER DEVELOPMENT THROUGH IN-SERVICE AND WORKSHOP TRAINING SESSIONS. OUR STAFF MEMBERS VISIT GOVERNMENT TEACHERS IN OUR COMMUNITIES TWICE PER MONTH TO AID IN LESSON PLANNING, METHODOLOGY TRAINING, AND RAPPORT-BUILDING WITH STUDENTS. TEACHERS ATTEND WORKSHOPS FOR GROUP TRAINING AND NETWORK BUILDING. WE USE A METHODOLOGY OF TEACHING THAT FOCUSES ON THE ENGAGEMENT OF THE STUDENT BECAUSE MORE ENGAGED STUDENTS PERFORM AT A HIGHER LEVEL. THE SHORT-TERM GOALS OF OUR TEACHER SUPPORT PROGRAMS ARE: TO IMPROVE LESSON PLANNING BY ASSISTING TEACHERS IN THE CREATION AND USE OF LESSON PLANS; TO BUILD RAPPORT WITH STUDENTS BY ENCOURAGING TEACHERS TO ADOPT OUR INTERACTIVE METHODOLOGY TO BETTER ENGAGE STUDENTS; TO SUPPORT A PEER NETWORK OF TEACHERS THROUGH TEACHER TRAINING WORKSHOPS, AND TO PROVIDE CLASSROOMS WITH TEACHING AND LEARNING MATERIALS. OUR LONG-TERM GOAL IS TO INCREASE PRIMARY STUDENT SCORES IN LITERACY ACROSS ALL OUR GEOGRAPHIES. THE MAIN BENEFICIARIES OF OUR TEACHER SUPPORT PROGRAM ARE THE TEACHERS AND STUDENTS IN OUR SCHOOLS AND COMMUNITIES. THROUGH 2021, WE HAVE SUPPORTED 2,585 TEACHERS ACROSS LAOS, GUATEMALA, AND GHANA.

    Expenses $682,569

  • OUR THIRD CORE PROGRAM IS OUR WASH PROGRAM. WASH IS AN INTERNATIONALLY RECOGNIZED AND UTILIZED PROGRAM THAT IS DESIGNED TO PROVIDE ACCESS TO AND KNOWLEDGE ABOUT WATER, SANITATION, AND HYGIENE (WASH). UNICEF ADOPTED WASH IN 2005 AS THEIR PRIMARY INTERVENTION TO TACKLE HYGIENE NEEDS IN THE DEVELOPING WORLD; POP BEGAN WASH PRACTICES IN 2010 IN LAOS AND HAS SINCE EXPANDED TO GUATEMALA AND GHANA. IN CARRYING OUT THIS PROGRAM, WE BUILD STUDENT AND TEACHER SANITATION FACILITIES (HAND WASHING STATIONS AND BATHROOMS) IN CONJUNCTION WITH CLASSROOM BUILDS. IN ADDITION, OUR STAFF MEMBERS VISIT CLASSES TWICE PER MONTH DURING THE SCHOOL YEAR TO TEACH LESSONS RELATED TO WATER, SANITATION, AND HYGIENE. THE PRIMARY GOALS OF THIS PROGRAM ARE TO BUILD AND PROVIDE ACCESS TO QUALITY TOILETS, POTABLE WATER, AND HAND-WASHING STATIONS IN CONJUNCTION WITH POP SCHOOLS LACKING SUCH INFRASTRUCTURE. ADDITIONALLY, WE AIM TO INCREASE PROPER HYGIENIC AND SANITARY BEHAVIOR IN PRIMARY STUDENTS. THROUGH 2021, WE HAVE SUPPORTED 169 SCHOOLS WITH WASH PROGRAMMING.

    Expenses $366,607

  • OTHER PROGRAMS

    Expenses $360,100

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Adam Braun

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Robert Hamwee

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jason Hodes

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Courtney Beale

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gabriel Bourgeois

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phitsamay S Uy

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Astrid Womble

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Vaynerchuk

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tammy Farley

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leslie Engle Young

    SECRETARY/CHIEF OPERATING OFFICER

    Total calculated
    $29,056
    From this org
    $28,188
    From related orgs
    $0
    Other
    $868
    Hours/week
    50

  • Kailee Scales

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $281,838
    From this org
    $256,685
    From related orgs
    $0
    Other
    $25,153
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $256,685
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,153
    Filer's total
    $281,838

  • Julie Baker

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $125,535
    From this org
    $116,492
    From related orgs
    $0
    Other
    $9,043
    Hours/week
    50

  • Brad Wisdom

    CHIEF GLOBAL ADVANCEMENT OFFICER

    Total calculated
    $118,206
    From this org
    $109,163
    From related orgs
    $0
    Other
    $9,043
    Hours/week
    50

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 · Compensation committee
  • 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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443199349309029

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