FUND FOR PUBLIC SCHOOLS INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- FUND FOR PUBLIC SCHOOLS INC (EIN 11-2656137)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2016-11-10
- IRS object ID
- 201643159349301364
- Schema version
- 2015v2.1
- 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 | 2016-11-10T08:58:48-06:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EISNERAMPER LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172703 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | 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) |
|---|---|---|
| In Care Of | % DAVID NATHANSON CFO | InCareOfNm |
| Business Name Control | FUND | BusinessNameControlTxt |
| Phone | 2123746921 | 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 | 2123746921 | PhoneNum |
| Signature | 2016-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CANDICE METH | PreparerPersonNm |
| PTIN | P01306891 | PTIN |
| Phone | 2129498700 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SARAH GEISENHEIMER EXEC DIR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 52 CHAMBERS STREET RM 305 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10007 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $30,490,556 | GrossReceiptsAmt |
| Group Return For Affiliates | false | 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 IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT FOR TRANSFORMATIVE PROGRAMS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 11 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $21,761,313 | PYContributionsGrantsAmt |
| CY Contributions Grants | $17,551,450 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,129,053 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,305,456 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $22,890,366 | PYTotalRevenueAmt |
| CY Total Revenue | $19,856,906 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $24,906,140 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $18,476,014 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,003,499 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $932,838 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $340,176 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,651,820 | PYOtherExpensesAmt |
| CY Other Expenses | $530,554 | CYOtherExpensesAmt |
| PY Total Expenses | $28,561,459 | PYTotalExpensesAmt |
| CY Total Expenses | $19,939,406 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$5,671,093 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$82,500 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $45,016,518 | TotalAssetsBOYAmt |
| Total Assets EOY | $40,746,198 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $11,985,894 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $9,039,764 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $33,030,624 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $31,706,434 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT FOR TRANSFORMATIVE PROGRAMS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $18,485,564 | ExpenseAmt |
| Grant | $18,476,014 | GrantAmt |
| Desc | The Fund for Public Schools facilitates private-sector grants to finance programs aimed at improving student achievement within the NYC Department of Education. The Fund provides critical funding for innovative initiatives throughout the city's public schools. The Fund provides grants and other support to the Department of Education for these purposes. | Desc |
| Total Program Service Expenses | $18,485,564 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 194 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 11 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | 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 | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVID NATHANSON CFO | PersonNm |
| Phone | 2123746921 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 52 CHAMBERS STREET RM 305 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10007 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| CARMEN FARINA | |||||||||
| CHAIR | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| STEVE STRONGIN | |||||||||
| TREASURER | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| LISA PLEPLER | |||||||||
| SECRETARY | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CHRISTOPHER KOJIMA | |||||||||
| DIRECTOR (TO 06/16) | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| TONDRA LYNFORD | |||||||||
| DIRECTOR (TO 12/15) | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| LEN RIGGIO | |||||||||
| DIRECTOR | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JEROLD ROSS | |||||||||
| DIRECTOR | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| DENNIS WILLIAMS | |||||||||
| DIRECTOR | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| KATHY WYLDE | |||||||||
| DIRECTOR | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| JONATHAN HARBER | |||||||||
| DIRECTOR | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| ANDY KAPLAN | |||||||||
| DIRECTOR (FR. 06/16) | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| IRIS CHEN | |||||||||
| EXECUTIVE DIRECTOR (TO 01/16) | 35.0 | 0.0 | Yes (X) | $193,142 | $0 | $19,110 | |||
| SARAH GEISENHEIMER | |||||||||
| EXECUTIVE DIRECTOR (FR. 03/16) | 35.0 | 0.0 | Yes (X) | $47,441 | $0 | $1,921 | |||
| KAREN HARRIS | |||||||||
| CFO (TO 10/15) | 35.0 | 0.0 | Yes (X) | $29,868 | $0 | $5,391 | |||
| DAVID NATHANSON | |||||||||
| CFO (FR. 06/16) | 35.0 | 0.0 | Yes (X) | $4,400 | $0 | $385 | |||
| ELIZABETH BARR | |||||||||
| CHIEF ADMINISTRATIVE OFFICER | 35.0 | 0.0 | $139,983 | $0 | $16,300 | Yes (X) | |||
| MICHAEL EVERETT-LANE | |||||||||
| VP PARTNERSHIPS & PUBLIC ENG. | 35.0 | 0.0 | $112,441 | $0 | $14,195 | Yes (X) | |||
| MICHAEL HICKEY | |||||||||
| VP OF DEVELOPMENT (TO 01/16) | 35.0 | 0.0 | $137,712 | $0 | $16,722 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $664,987 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $74,024 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| REDESIGN LLC | |||||
| 209 CHESTNUT AVENUE UNIT 2 | JAMAICA PLAIN | MA | 02130 | EDUCATIONAL SERVICES | $254,160 |
| GLOBAL STRATEGY GROUP LLC | |||||
| 215 PARK AVE SOUTH FLOOR 15 | NEW YORK | NY | 10003 | EDUCATIONAL SERVICES | $163,034 |
| GLOBAL ADVERTISING STRATEGIES | |||||
| 55 BROAD STREET 8TH FLOOR | NEW YORK | NY | 10004 | EDCUATIONAL SERVICES | $154,156 |
| ARBOR PHILANTHROPIC ADVISORS | |||||
| 629 CARTER STREET | NEW CANAAN | CT | 06840 | EDUCATIONAL SERVICES | $117,000 |
| CATHERINE FUKUSHIMA | |||||
| 192 GRAND STREET | BROOKLYN | NY | 112114251 | EDUCATIONAL SERVICES | $103,993 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $17,551,450 | AllOtherContributionsAmt |
| Total Contributions | $17,551,450 | TotalContributionsAmt |
| Total Program Service Revenue | $0 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,329,456 | TotalRevenueColumnAmt |
| Exclusion | $2,329,456 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,609,650 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $10,633,650 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$24,000 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$24,000 | TotalRevenueColumnAmt |
| Exclusion | -$24,000 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,856,906 | TotalRevenueColumnAmt |
| Exclusion | $2,305,456 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,476,014 | TotalAmt |
| Program Services | $18,476,014 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $368,535 | TotalAmt |
| Management And General | $368,535 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $407,122 | TotalAmt |
| Program Services | $8,195 | ProgramServicesAmt |
| Management And General | $148,774 | ManagementAndGeneralAmt |
| Fundraising | $250,153 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,123 | TotalAmt |
| Management And General | $22,047 | ManagementAndGeneralAmt |
| Fundraising | $13,076 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $63,782 | TotalAmt |
| Management And General | $63,782 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,276 | TotalAmt |
| Program Services | $1,019 | ProgramServicesAmt |
| Management And General | $57,257 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,000 | TotalAmt |
| Management And General | $39,000 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $394,240 | TotalAmt |
| Management And General | $327,440 | ManagementAndGeneralAmt |
| Fundraising | $66,800 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,080 | TotalAmt |
| Management And General | $2,928 | ManagementAndGeneralAmt |
| Fundraising | $4,152 | FundraisingAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $553 | TotalAmt |
| Management And General | $553 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,353 | TotalAmt |
| Management And General | $17,353 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|---|
| PROFESSIONAL DEVELOPMENT | $8,511 | $2,516 | $5,995 | |
| MISCELLANEOUS | $63,817 | $63,481 | $336 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,939,406 | TotalAmt |
| Program Services | $18,485,564 | ProgramServicesAmt |
| Management And General | $1,113,666 | ManagementAndGeneralAmt |
| Fundraising | $340,176 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,358,188 | BOYAmt |
| EOY | $2,222,260 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,643,764 | BOYAmt |
| EOY | $10,471,304 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $15,465 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $15,465 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $553 | BOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,941,042 | BOYAmt |
| EOY | $27,597,570 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $425,849 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,971 | BOYAmt |
| EOY | $29,215 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,016,518 | BOYAmt |
| EOY | $40,746,198 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $152,566 | BOYAmt |
| EOY | $123,166 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,833,328 | BOYAmt |
| EOY | $8,916,598 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,985,894 | BOYAmt |
| EOY | $9,039,764 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,603,095 | BOYAmt |
| EOY | $5,005,238 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,936,034 | BOYAmt |
| EOY | $26,131,696 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $491,495 | BOYAmt |
| EOY | $569,500 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,030,624 | BOYAmt |
| EOY | $31,706,434 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,016,518 | BOYAmt |
| EOY | $40,746,198 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$82,500 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,032,154 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$209,536 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | 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 | $21,305,578 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $47,710,374 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $31,443,747 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,761,313 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,551,450 | CurrentTaxYearAmt |
| Total | $139,772,462 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $21,305,578 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $47,710,374 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $31,443,747 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $21,761,313 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,551,450 | CurrentTaxYearAmt |
| Total | $139,772,462 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $61,751,832 | SubstantialContributorsTotAmt |
| Public Support Total170 | $78,020,630 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $622,757 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $812,148 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $793,780 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,268,007 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,329,456 | CurrentTaxYearAmt |
| Total | $5,826,148 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $145,598,610 | TotalSupportAmt |
| Public Support CY170 | 0.53586 | PublicSupportCY170Pct |
| Public Support PY170 | 0.56004 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $579,437 | BeginningYearBalanceAmt |
| Contributions | $78,005 | ContributionsAmt |
| Other Expenditures | $87,942 | OtherExpendituresAmt |
| End Year Balance | $569,500 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| 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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| 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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| 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 |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $909,740 | BeginningYearBalanceAmt |
| Contributions | $25,000 | ContributionsAmt |
| Investment Earnings Or Losses | $30,107 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $52,453 | OtherExpendituresAmt |
| End Year Balance | $912,394 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
| Land | LandGrp | |
| Buildings | BuildingsGrp | |
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,465 | OtherCostOrOtherBasisAmt |
| Depreciation | $15,465 | DepreciationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildingsGrp | |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
| Total Liability | $0 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $19,813,635 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$1,032,154 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $988,883 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | -$43,271 | RevenueNotReportedAmt |
| Revenue Subtotal | $19,856,906 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $19,856,906 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $21,137,825 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $988,883 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $209,536 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,198,419 | ExpensesNotReportedAmt |
| Expenses Subtotal | $19,939,406 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $19,939,406 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, SCHEDULE D, PART V | THE FUND'S ENDOWMENT FUNDS CONSIST OF SIX DONOR RESTRICTED FUNDS, ESTABLISHED TO SUPPORT EDUCATIONAL SERVICES AND SCHOLARSHIPS. |
| FORM 990, SCHEDULE D, PART X, LINE 2 | The Fund is subject to the provisions of the Financial Accounting Standards Board's (the "FASB") Accounting Standards Codification ("ASC") Topic 740, Income Taxes, as it relates to accounting and reporting for uncertainty in income taxes. Because of the Organization's general tax-exempt status, MANAGEMENT BELIEVES ASC Topic 740 has not had, and is not anticipated to have, a material impact on the FUND'S financial statements. |
| FORM 990, SCHEDULE D, PART XII, LINE 2D | BAD DEBTS EXPENSE $209,536 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | 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) |
|---|---|---|
| Cash Grant | $18,476,014 | CashGrantAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | NONE | NonCashAssistanceDesc |
| Purpose Of Grant | SYSTEM-WIDE REFORMS | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE I, 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 | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IRIS CHEN | ||||||||||||||
| EXECUTIVE DIRECTOR (TO 01/16) | $193,142 | $0 | $0 | $0 | $0 | $0 | $9,810 | $0 | $9,300 | $0 | $212,252 | $0 | $0 | $0 |
| ELIZABETH BARR | ||||||||||||||
| CHIEF ADMINISTRATIVE OFFICER | $139,983 | $0 | $0 | $0 | $0 | $0 | $7,000 | $0 | $9,300 | $0 | $156,283 | $0 | $0 | $0 |
| MICHAEL HICKEY | ||||||||||||||
| VP OF DEVELOPMENT (TO 01/16) | $137,712 | $0 | $0 | $0 | $0 | $0 | $7,422 | $0 | $9,300 | $0 | $154,434 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE J, PART II | FormAndLineReferenceDesc |
| Explanation | THE PRIMARY OBJECTIVE OF THE POLICY IS TO DETAIL A STRATEGIC COMPENSATION SYSTEM WHICH FORMS A LINK BETWEEN ORGANIZATIONAL OBJECTIVES AND BUSINESS METRICS WHILE BALANCING THE EXPECTATIONS OF THE EMPLOYEES AND THE COSTS OF THE FUND. THE FUND USES COMPARABLE NONPROFIT ORGANIZATIONS TO BENCHMARK PAY, BUT ALSO THAT CONSIDERS THE MARKET FOR TALENT MAY BE BROADER THAN THIS GROUP. INFORMATION FROM ADDITIONAL MARKET SEGMENTS, PRIVATE FOUNDATIONS, AND PUBLISHED NONPROFIT COMPENSATION SURVEYS WILL BE USED AS A SUPPLEMENT. IN GENERAL, THE FUND'S TOTAL COMPENSATION, INCLUDING BENEFITS, IS DESIGNED TO BE FLUID AND FLEXIBLE SO THAT COMPENSATION CAN BE BASED ON EXPERIENCE, PERFORMANCE, AND BUSINESS NEED TO ATTRACT AND RETAIN SPECIFIC TALENT. THE AUDIT COMMITTEE OF THE BOARD ASSISTS THE BOARD IN FULFILLING ITS OVERSIGHT RESPONSIBILITIES RELATING TO THE COMPENSATION AND BENEFITS OF THE CEO AND THE CFO; AND PROVIDES RECOMMENDATIONS REGARDING MANAGEMENT SUCCESSORS. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE BOARD THE SALARY AND ANNUAL MERIT ADJUSTMENTS FOR THE CEO, THE CFO, AND SELECTED KEY EXECUTIVES. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, QUESTION 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 REGULARTORY AGENCIES. |
| FORM 990, PART VI, SECTION B, QUESTION 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, QUESTION 15B | THE PRIMARY OBJECTIVE OF THE POLICY IS TO DETAIL A STRATEGIC COMPENSATION SYSTEM WHICH FORMS A LINK BETWEEN ORGANIZATIONAL OBJECTIVES AND BUSINESS METRICS WHILE BALANCING THE EXPECTATIONS OF THE EMPLOYEES AND THE COSTS OF THE FUND. THE FUND USES COMPARABLE NONPROFIT ORGANIZATIONS TO BENCHMARK PAY, BUT ALSO CONSIDERS THAT THE MARKET FOR TALENT MAY BE BROADER THAN THIS GROUP. INFORMATION FROM ADDITIONAL MARKET SEGMENTS, PRIVATE FOUNDATIONS, AND PUBLISHED NONPROFIT COMPENSATION SURVEYS WILL BE USED AS A SUPPLEMENT. IN GENERAL, THE FUND'S TOTAL COMPENSATION, INCLUDING BENEFITS, IS DESIGNED TO BE FLUID AND FLEXIBLE SO THAT COMPENSATION CAN BE BASED ON EXPERIENCE, PERFORMANCE, AND BUSINESS NEED TO ATTRACT AND RETAIN SPECIFIC TALENT. THE AUDIT COMMITTEE OF THE BOARD ASSISTS THE BOARD IN FULFILLING ITS OVERSIGHT RESPONSIBILITIES RELATING TO THE COMPENSATION AND BENEFITS OF THE CEO AND THE CFO; AND PROVIDES RECOMMENDATIONS REGARDING MANAGEMENT SUCCESSORS. THE COMMITTEE REVIEWS AND RECOMMENDS TO THE BOARD THE SALARY AND ANNUAL MERIT ADJUSTMENTS FOR THE CEO, THE CFO, AND SELECTED KEY EXECUTIVES. |
| FORM 990, PART VI, SECTION C, QUESTION 19 | THE FUND'S FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST FROM THE PUBLIC AS WELL AS BEING AVAILABLE ON THE FUND'S WESBITE. THE FUND'S ANNUAL TAX RETURN IS MADE AVAILABLE ON ITS WEBSITE. THE FUND'S FINANCIAL STATEMENTS AND FORM 990 INFORMATION IS ALSO AVAILABLE THROUGH CHARITY NAVIGATOR, BETTER BUSINESS BUREAU AND GUIDESTAR. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST TO THE CFO. |
| FORM 990, PART XI, LINE 9 | BAD DEBTS EXPENSE $209,536 |