FUND FOR PUBLIC SCHOOLS INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- FUND FOR PUBLIC SCHOOLS INC (EIN 11-2656137)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2017-11-15
- IRS object ID
- 201723199349308412
- Schema version
- 2016v3.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-15T12:23:59-06:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 132781641 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mitchell & Titus LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | One Battery Park Plaza | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 112656137 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Fund For Public Schools Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FUND | BusinessNameControlTxt |
| Phone | 2123742874 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 52 Chambers Street Room 305 | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10007 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SARAH GEISENHEIMER | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2123742874 | PhoneNum |
| Signature | 2017-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| PTIN | P00446023 | PTIN |
| Phone | 2127094500 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 174.62.77.162 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2017-11-15 | IPDt |
| IP Tm | 12:22:42 | IPTm |
| IP Timezone | PS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | CAFFD856D0545D1384F1D104F37C7FA2A0FA1A53 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | CAFFD856D0545D1384F1D104F37C7FA2A0FA1A53 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SARAH GEISENHEIMER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 52 Chambers Street Room 305 | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10007 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $36,430,420 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FUNDFORPUBLICSCHOOLS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1982 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO SUPPORTING NEW YORK CITY'S PUBLIC SCHOOLS BY SECURING PRIVATE, PHILANTHROPIC INVESTMENT FROM FOUNDATIONS, INDIVIDUALS, BUSINESSES, AND OTHER CHARITABLE PARTNERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 16 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $17,551,450 | PYContributionsGrantsAmt |
| CY Contributions Grants | $15,398,998 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,305,456 | PYInvestmentIncomeAmt |
| CY Investment Income | -$76,828 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $19,856,906 | PYTotalRevenueAmt |
| CY Total Revenue | $15,322,170 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $18,476,014 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $17,702,199 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $932,838 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,094,836 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $811,951 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $530,554 | PYOtherExpensesAmt |
| CY Other Expenses | $961,645 | CYOtherExpensesAmt |
| PY Total Expenses | $19,939,406 | PYTotalExpensesAmt |
| CY Total Expenses | $19,758,680 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$82,500 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$4,436,510 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $40,746,198 | TotalAssetsBOYAmt |
| Total Assets EOY | $34,194,977 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $9,039,764 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,358,601 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $31,706,434 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $27,836,376 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO SUPPORTING NEW YORK CITY'S PUBLIC SCHOOLS BY SECURING PRIVATE, PHILANTHROPIC INVESTMENT FROM FOUNDATIONS, INDIVIDUALS, BUSINESSES, AND OTHER CHARITABLE PARTNERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $17,706,121 | ExpenseAmt |
| Grant | $17,702,199 | GrantAmt |
| Desc | THE FUND FOR PUBLIC SCHOOLS FACILITATES PARTNERSHIPS, GRANTS, AND OTHER SUPPORT BETWEEN THE PHILANTHROPIC COMMUNITY AND THE NYC DEPARTMENT OF EDUCATION TO PILOT INNOVATIVE PROJECTS; ACCELERATE PROMISING, OUTCOME-DRIVEN INITIATIVES; AND RESPOND QUICKLY AND STRATEGICALLY TO EMERGING NEEDS ACROSS THE NYC PUBLIC SCHOOL SYSTEM. | Desc |
| Total Program Service Expenses | $17,706,121 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 203 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 16 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Organization | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2123742874 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 52 Chambers Street Room 305 | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10007 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| CARMEN FARINA | ||||||
| CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DENNIS WILLIAMS | ||||||
| VICE CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| STEVE STRONGIN | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LISA PLEPLER | ||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JONATHAN D HARBER | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ANDY KAPLAN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BOBYE LIST | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LEN RIGGIO | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JERROLD ROSS | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| KATHY WYLDE | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SARAH GEISENHEIMER | ||||||
| EXEC DIRECTOR (FROM 3/2016) | 35.00 | Yes (X) | $141,259 | $0 | $11,317 | |
| DAVID NATHANSON | ||||||
| CFO (FROM 6/16) | 35.00 | Yes (X) | $63,778 | $0 | $16,901 | |
| ELIZABETH BARR | ||||||
| CAO (TO 11/16) | 35.00 | Yes (X) | $140,015 | $0 | $11,781 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $345,052 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $39,999 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NEW YORK UNIVERSITY | |||||
| PO BOX 5166 | NEW YORK | NY | 10087 | EDUCATIONAL SERVICES | $1,050,011 |
| EDUCATION DEVELOPMENT CENTER INC | |||||
| 43 FOUNDRY AVENUE | WALTHAM | MA | 02453 | EDUCATIONAL SERVICES | $366,011 |
| BLENDERBOX INC | |||||
| 26 DOBBIN STREET 3RD FLOOR | BROOKLYN | NY | 11222 | EDUCATIONAL SERVICES | $282,000 |
| ARTS CONNECTION INC | |||||
| 520 EIGHT AVENUE SUITE 321 | NEW YORK | NY | 10018 | EDUCATIONAL SERVICES | $277,806 |
| ESKOLTA SCHOOL RESEARCH AND DESIGN INC | |||||
| 50 BROAD ST STE 1615 | NEW YORK | NY | 10004 | EDUCATIONAL SERVICES | $245,800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 17 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $15,398,998 | AllOtherContributionsAmt |
| Noncash Contributions | $254,734 | NoncashContributionsAmt |
| Total Contributions | $15,398,998 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $583,280 | TotalRevenueColumnAmt |
| Exclusion | $583,280 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $20,448,142 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $21,108,250 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$660,108 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$660,108 | TotalRevenueColumnAmt |
| Exclusion | -$660,108 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,322,170 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$76,828 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,702,199 | TotalAmt |
| Program Services | $17,702,199 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $901,035 | TotalAmt |
| Program Services | $3,522 | ProgramServicesAmt |
| Management And General | $337,800 | ManagementAndGeneralAmt |
| Fundraising | $559,713 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,019 | TotalAmt |
| Management And General | $17,284 | ManagementAndGeneralAmt |
| Fundraising | $26,735 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,258 | TotalAmt |
| Management And General | $34,637 | ManagementAndGeneralAmt |
| Fundraising | $44,621 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,524 | TotalAmt |
| Program Services | $400 | ProgramServicesAmt |
| Management And General | $25,919 | ManagementAndGeneralAmt |
| Fundraising | $44,205 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,624 | TotalAmt |
| Management And General | $8,624 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,025 | TotalAmt |
| Management And General | $40,025 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,334 | TotalAmt |
| Management And General | $14,334 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,624 | TotalAmt |
| Management And General | $51,156 | ManagementAndGeneralAmt |
| Fundraising | $57,468 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,605 | TotalAmt |
| Fundraising | $47,605 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,208 | TotalAmt |
| Management And General | $11,150 | ManagementAndGeneralAmt |
| Fundraising | $5,058 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,723 | TotalAmt |
| Management And General | $5,938 | ManagementAndGeneralAmt |
| Fundraising | $24,785 | FundraisingAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,426 | TotalAmt |
| Management And General | $1,426 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,197 | TotalAmt |
| Management And General | $436 | ManagementAndGeneralAmt |
| Fundraising | $1,761 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,558 | TotalAmt |
| Management And General | $1,558 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,326 | TotalAmt |
| Management And General | $17,326 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| LOSS ON REGRANTED CONTR | $571,180 | $571,180 |
| ADMINISTRATION EXPENSE | $63,101 | $63,101 |
| PROFESSIONAL DEVELOPMEN | $38,482 | $38,482 |
| OTHER MISC | $232 | $232 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,758,680 | TotalAmt |
| Program Services | $17,706,121 | ProgramServicesAmt |
| Management And General | $1,240,608 | ManagementAndGeneralAmt |
| Fundraising | $811,951 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,222,260 | BOYAmt |
| EOY | $6,895,352 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,471,304 | BOYAmt |
| EOY | $10,904,495 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $26,950 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $17,023 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $9,927 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,597,570 | BOYAmt |
| EOY | $15,465,047 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $425,849 | BOYAmt |
| EOY | $462,353 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,215 | BOYAmt |
| EOY | $457,803 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,746,198 | BOYAmt |
| EOY | $34,194,977 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $123,166 | BOYAmt |
| EOY | $79,189 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,916,598 | BOYAmt |
| EOY | $6,279,412 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,039,764 | BOYAmt |
| EOY | $6,358,601 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,005,238 | BOYAmt |
| EOY | $3,603,476 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,131,696 | BOYAmt |
| EOY | $23,663,400 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $569,500 | BOYAmt |
| EOY | $569,500 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,706,434 | BOYAmt |
| EOY | $27,836,376 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,746,198 | BOYAmt |
| EOY | $34,194,977 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$4,436,510 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $566,452 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $47,710,374 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $31,443,747 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $21,761,313 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $17,551,450 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,398,998 | CurrentTaxYearAmt |
| Total | $133,865,882 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $47,710,374 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $31,443,747 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $21,761,313 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $17,551,450 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,398,998 | CurrentTaxYearAmt |
| Total | $133,865,882 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $54,785,212 | SubstantialContributorsTotAmt |
| Public Support Total170 | $79,080,670 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $812,148 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $793,780 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,268,007 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,329,456 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $583,280 | CurrentTaxYearAmt |
| Total | $5,786,671 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $139,652,553 | TotalSupportAmt |
| Public Support CY170 | 0.56630 | PublicSupportCY170Pct |
| Public Support PY170 | 0.53590 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $617,801 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $24,842 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $15,303 | OtherExpendituresAmt |
| End Year Balance | $627,340 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $579,437 | BeginningYearBalanceAmt |
| Contributions | $78,005 | ContributionsAmt |
| Investment Earnings Or Losses | $48,301 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $87,942 | OtherExpendituresAmt |
| End Year Balance | $617,801 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $567,768 | BeginningYearBalanceAmt |
| Contributions | $12,500 | ContributionsAmt |
| Investment Earnings Or Losses | $8,459 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $9,290 | OtherExpendituresAmt |
| End Year Balance | $579,437 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $522,590 | BeginningYearBalanceAmt |
| Contributions | $12,500 | ContributionsAmt |
| Investment Earnings Or Losses | $41,333 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $8,655 | OtherExpendituresAmt |
| End Year Balance | $567,768 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $912,394 | BeginningYearBalanceAmt |
| Contributions | $25,000 | ContributionsAmt |
| Investment Earnings Or Losses | $41,999 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $456,803 | OtherExpendituresAmt |
| End Year Balance | $522,590 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 0.91000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.09000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $26,950 | OtherCostOrOtherBasisAmt |
| Depreciation | $17,023 | DepreciationAmt |
| Book Value | $9,927 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $9,927 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $16,817,204 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $566,452 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $928,582 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $1,495,034 | RevenueNotReportedAmt |
| Revenue Subtotal | $15,322,170 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $15,322,170 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $20,687,262 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $928,582 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $928,582 | ExpensesNotReportedAmt |
| Expenses Subtotal | $19,758,680 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $19,758,680 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part V, Line 4: | THE FUND'S ENDOWMENT FUNDS CONSIST OF SIX DONOR-RESTRICTED FUNDS, ESTABLISHED TO SUPPORT EDUCATIONAL SERVICES. |
| Part X, Line 2: | THE FUND IS SUBJECT TO THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE FUND'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE FUND'S FINANCIAL STATEMENTS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NYC DEPARTMENT OF EDUCATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 52 CHAMBERS STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10007 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 136400434 | RecipientEIN |
| IRC Section | 112 | IRCSectionDesc |
| Cash Grant | $17,447,464 | CashGrantAmt |
| Non Cash Assistance | $254,734 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | ATHLETIC CLOTHING | NonCashAssistanceDesc |
| Purpose Of Grant | TO PROVIDE GRANT FUNDING FOR SYSTEM-WIDE REFORMS | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | WHEN A GRANT IS MADE BY A DONOR TO THE FUND, THE DEPARTMENT OF EDUCATION ("DOE") IS NOTIFIED AND THE STAFF WORKS TO REVIEW THE TERMS, BUDGET, TIMELINESS AND OUTCOMES OF THE GRANT WITH THE DOE PARTNERS. IN ADDITION, A SCHEDULE FOR REGULAR REPORTS IS ESTABLISHED TO REVIEW PROGRESS ON THE GOALS AND THE BUDGET. REPORTING FREQUENCY IS GENERALLY NOT LESS THAN QUARTERLY; ALTHOUGH SOME GRANTS REQUIRE MORE FREQUENT REVIEW. THE FINANCE STAFF GENERATE BUDGET REPORTS FOR EACH GRANT IN ACCORDANCE WITH THE SCHEDULE. REVIEWS ARE CONDUCTED BY BOTH THE FUND'S PORTFOLIO/DEVELOPMENT STAFF AND THE FINANCE STAFF TO ENSURE EXPENSES ARE WITHIN BUDGET AND IN ACCORDANCE WITH GRANT AGREEMENTS. A WEEKLY REVIEW OF A SELECT GROUP OF GRANTS IS ALSO CONDUCTED THROUGHOUT THE YEAR. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SARAH GEISENHEIMER | ||||||||||||||
| EXEC DIRECTOR (FROM 3/2016) | $141,259 | $0 | $0 | $0 | $0 | $0 | $7,115 | $0 | $4,202 | $0 | $152,576 | $0 | $0 | $0 |
| ELIZABETH BARR | ||||||||||||||
| CAO (TO 11/16) | $140,015 | $0 | $0 | $0 | $0 | $0 | $6,731 | $0 | $5,050 | $0 | $151,796 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 3 | FormAndLineReferenceDesc |
| Explanation | THE PRIMARY OBJECTIVE IS A STRATEGIC COMPENSATION SYSTEM LINKING ORGANIZATIONAL OBJECTIVES AND BUSINESS METRICS WHILE BALANCING THE EXPECTATIONS OF THE EMPLOYEES AND COSTS TO THE FUND. THE FUND USES COMPARABLE NONPROFIT ORGANIZATIONS AS BENCHMARK, IN ADDITION TO INFORMATION FROM ADDITIONAL MARKET SEGMENTS, PRIVATE FOUNDATIONS, AND PUBLISHED NONPROFIT COMPENSATION SURVEYS AS A SUPPLEMENT. IN GENERAL, COMPENSATION IS DESIGNED TO BE FLUID AND FLEXIBLE ACCOUNTING FOR EXPERIENCE, PERFORMANCE AND THE CURRENT BUSINESS NEED TO ATTRACT AND RETAIN SPECIFIC TALENT. SPECIFICALLY, THE AUDIT COMMITTEE PROVIDES OVERSIGHT TO THE COMPENSATION AND BENEFITS OF THE CEO, CFO, SELECTED KEY EXECUTIVES AND RECOMMENDATIONS FOR MANAGEMENT SUCCESSION. | ExplanationTxt |
Schedule M IRS990ScheduleM
Clothing And Household Goods ClothingAndHouseholdGoodsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Noncash Contributions Rpt F990 | $254,734 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 1 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section B, line 11b | THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE WHICH THEN APPROVES BRINGING THE FORM AND AUTHORIZING RESOLUTION TO THE FULL BOARD FOR APPROVAL BEFORE FILING WITH THE APPROPRIATE REGULATORY AGENCIES. |
| Form 990, Part VI, Section B, line 12c | THE FUND HAS A CONFLICT OF INTEREST POLICY ADOPTED BY THE BOARD OF DIRECTORS. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE OF THE BOARD SHALL SIGN A STATEMENT ON AN ANNUAL BASIS THAT AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THIS POLICY, THAT THEY HAVE READ THE POLICY AND THAT THEY AGREE TO COMPLY WITH THE POLICY. ALL DIRECTORS ARE ALSO REQUIRED TO IMMEDIATELY DISCLOSE A FINANCIAL INTEREST WHICH POSES A CONFLICT. BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. |
| Form 990, Part VI, Section B, line 15 | THE PRIMARY OBJECTIVE IS A STRATEGIC COMPENSATION SYSTEM LINKING ORGANIZATIONAL OBJECTIVES AND BUSINESS METRICS WHILE BALANCING THE EXPECTATIONS OF THE EMPLOYEES AND COSTS TO THE FUND. THE FUND USES COMPARABLE NONPROFIT ORGANIZATIONS AS BENCHMARK, IN ADDITION TO INFORMATION FROM ADDITIONAL MARKET SEGMENTS, PRIVATE FOUNDATIONS, AND PUBLISHED NONPROFIT COMPENSATION SURVEYS AS A SUPPLEMENT. IN GENERAL, COMPENSATION IS DESIGNED TO BE FLUID AND FLEXIBLE ACCOUNTING FOR EXPERIENCE, PERFORMANCE AND THE CURRENT BUSINESS NEED TO ATTRACT AND RETAIN SPECIFIC TALENT. SPECIFICALLY, THE AUDIT COMMITTEE PROVIDES OVERSIGHT TO THE COMPENSATION AND BENEFITS OF THE CEO, CFO, SELECTED KEY EXECUTIVES AND RECOMMENDATIONS FOR MANAGEMENT SUCCESSION. |
| Form 990, Part VI, Section C, line 19 | THE FINANCIAL STATEMENT AND 990 ARE POSTED ON THE FUND'S WEBSITE AND AVAILABLE THROUGH CHARITY NAVIGATOR, BETTER BUSINESS BUREAU AND GUIDESTAR. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE CFO. |