PENCIL INC

As filed

Subsection

03

NTEE code

T99

Classification

1000

Street

30 WEST 26TH STREET 4TH FLOOR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• 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.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $2,636,899

  Expenses

  $3,354,872

  Contributions

  $2,030,140

  Grants paid

  $0

• 2023

  Revenue

  $3,506,640

  Expenses

  $3,433,722

  Contributions

  $3,466,157

  Grants paid

  $0

• 2022

  Revenue

  $3,104,926

  Expenses

  $3,012,979

  Contributions

  $3,095,777

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $3,055,640

  Expenses

  $2,725,067

  Assets (EOY)

  $2,403,327

• 2020 · 990

  Revenue

  $2,831,812

  Expenses

  $2,954,670

  Assets (EOY)

  $2,185,642

• 2019 · 990

  Revenue

  $2,833,626

  Expenses

  $2,965,690

  Assets (EOY)

  $2,228,211

• 2018 · 990

  Revenue

  $3,056,007

  Expenses

  $2,845,181

  Assets (EOY)

  $2,323,981

• 2017 · 990

  Revenue

  $2,856,508

  Expenses

  $2,883,792

  Assets (EOY)

  $2,174,044

• 2015 · 990

  Revenue

  $2,846,068

  Expenses

  $3,126,886

  Assets (EOY)

  $2,659,473

• 2014 · 990

  Revenue

  $3,655,612

  Expenses

  $3,911,014

  Assets (EOY)

  $3,140,864

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $3,620,126

  Assets (EOY)

  $5,347,896

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $3,491,408

  Assets (EOY)

  $5,271,869

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• THE NEW YORK COMMUNITY TRUST

  $100,000

  2023 · FOR PROGRAM SUPPORT.

• THE AYCO CHARITABLE FOUNDATION

  $63,500

  2022 · COMMUNITY & HUMAN SERVICES

• THE AYCO CHARITABLE FOUNDATION

  $63,000

  2023 · COMMUNITY & HUMAN SERVICES

• PWC FOUNDATION INC

  $50,000

  2022 · EDUCATION

• CEO NEW YORK JOBS COUNCIL INC

  $50,000

  2023 · CAREER SERVICES

• THE AYCO CHARITABLE FOUNDATION

  $48,000

  2024 · COMMUNITY & HUMAN SERVICES

• AMERICAN ONLINE GIVING FOUNDATION INC

  $36,082

  2024 · GENERAL SUPPORT

• AMERICAN ONLINE GIVING FOUNDATION INC

  $35,174

  2023 · GENERAL SUPPORT

• NATIONAL PHILANTHROPIC TR

  $33,500

  2022 · EDUCATION

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $29,500

  2022 · For grant recipient's exempt purposes

The 10 largest by cash amount. The API serves every itemized grant.

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