2016-11-10T08:58:48-06:00 2016-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2015-07-01 112656137 THE FUND FOR PUBLIC SCHOOLS INC % DAVID NATHANSON CFO FUND 2123746921 52 CHAMBERS STREET ROOM 305 NEW YORK NY 10007 SARAH GEISENHEIMER EXECUTIVE DIRECTOR 2123746921 2016-11-10 true CANDICE METH P01306891 2129498700 2015 2017-02-10 21:41:12Z SARAH GEISENHEIMER EXEC DIR 52 CHAMBERS STREET RM 305 NEW YORK NY 10007 30490556 false X www.fundforpublicschools.org X 1982 NY THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT FOR TRANSFORMATIVE PROGRAMS. 10 10 11 0 21761313 17551450 0 0 1129053 2305456 0 0 22890366 19856906 24906140 18476014 0 0 1003499 932838 0 0 340176 2651820 530554 28561459 19939406 -5671093 -82500 45016518 40746198 11985894 9039764 33030624 31706434 THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT FOR TRANSFORMATIVE PROGRAMS. false false 18485564 18476014 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. 18485564 true true false false false false false false false true false false false false false true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 194 0 true 11 true false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false NJ NY X X DAVID NATHANSON CFO 2123746921 52 CHAMBERS STREET RM 305 NEW YORK NY 10007 CARMEN FARINA CHAIR 2.0 0.0 X X 0 0 0 STEVE STRONGIN TREASURER 2.0 0.0 X X 0 0 0 LISA PLEPLER SECRETARY 2.0 0.0 X X 0 0 0 CHRISTOPHER KOJIMA DIRECTOR (TO 06/16) 2.0 0.0 X 0 0 0 TONDRA LYNFORD DIRECTOR (TO 12/15) 2.0 0.0 X 0 0 0 LEN RIGGIO DIRECTOR 2.0 0.0 X 0 0 0 JEROLD ROSS DIRECTOR 2.0 0.0 X 0 0 0 DENNIS WILLIAMS DIRECTOR 2.0 0.0 X 0 0 0 KATHY WYLDE DIRECTOR 2.0 0.0 X 0 0 0 JONATHAN HARBER DIRECTOR 2.0 0.0 X 0 0 0 ANDY KAPLAN DIRECTOR (FR. 06/16) 2.0 0.0 X 0 0 0 IRIS CHEN EXECUTIVE DIRECTOR (TO 01/16) 35.0 0.0 X 193142 0 19110 SARAH GEISENHEIMER EXECUTIVE DIRECTOR (FR. 03/16) 35.0 0.0 X 47441 0 1921 KAREN HARRIS CFO (TO 10/15) 35.0 0.0 X 29868 0 5391 DAVID NATHANSON CFO (FR. 06/16) 35.0 0.0 X 4400 0 385 ELIZABETH BARR CHIEF ADMINISTRATIVE OFFICER 35.0 0.0 X 139983 0 16300 MICHAEL EVERETT-LANE VP PARTNERSHIPS & PUBLIC ENG. 35.0 0.0 X 112441 0 14195 MICHAEL HICKEY VP OF DEVELOPMENT (TO 01/16) 35.0 0.0 X 137712 0 16722 664987 0 74024 4 false true false REDESIGN LLC 209 CHESTNUT AVENUE UNIT 2 JAMAICA PLAIN MA 02130 EDUCATIONAL SERVICES 254160 GLOBAL STRATEGY GROUP LLC 215 PARK AVE SOUTH FLOOR 15 NEW YORK NY 10003 EDUCATIONAL SERVICES 163034 GLOBAL ADVERTISING STRATEGIES 55 BROAD STREET 8TH FLOOR NEW YORK NY 10004 EDCUATIONAL SERVICES 154156 ARBOR PHILANTHROPIC ADVISORS 629 CARTER STREET NEW CANAAN CT 06840 EDUCATIONAL SERVICES 117000 CATHERINE FUKUSHIMA 192 GRAND STREET BROOKLYN NY 112114251 EDUCATIONAL SERVICES 103993 5 17551450 17551450 0 2329456 2329456 0 0 0 0 0 10609650 10633650 -24000 -24000 -24000 0 0 0 0 19856906 2305456 18476014 18476014 0 0 0 368535 368535 0 407122 8195 148774 250153 35123 22047 13076 63782 63782 58276 1019 57257 0 0 39000 39000 0 0 0 394240 327440 66800 0 0 0 0 0 7080 2928 4152 0 0 0 0 553 553 17353 17353 PROFESSIONAL DEVELOPMENT 8511 2516 5995 MISCELLANEOUS 63817 336 63481 19939406 18485564 1113666 340176 0 0 2358188 2222260 6643764 10471304 0 0 0 0 0 0 0 0 0 0 0 0 15465 15465 553 35941042 27597570 0 425849 0 0 0 0 72971 29215 45016518 40746198 152566 123166 11833328 8916598 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11985894 9039764 X 4603095 5005238 27936034 26131696 491495 569500 33030624 31706434 45016518 40746198 X -82500 -1032154 -209536 X false true X true false X 21305578 47710374 31443747 21761313 17551450 139772462 0 0 21305578 47710374 31443747 21761313 17551450 139772462 61751832 78020630 622757 812148 793780 1268007 2329456 5826148 0 0 145598610 0.53586 0.56004 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 579437 78005 87942 569500 567768 12500 8459 9290 579437 522590 12500 41333 8655 567768 912394 25000 41999 456803 522590 909740 25000 30107 52453 912394 1.00000 false false 15465 15465 0 0 X 19813635 -1032154 988883 -43271 19856906 19856906 21137825 988883 209536 1198419 19939406 19939406 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 true NYC DEPARTMENT OF EDUCATION 52 CHAMBERS STREET NEW YORK NY 10007 18476014 FMV NONE SYSTEM-WIDE REFORMS 1 FORM 990, SCHEDULE I, PART I, LINE 2 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. X false false false false false false false false IRIS CHEN EXECUTIVE DIRECTOR (TO 01/16) 193142 0 0 0 0 0 9810 0 9300 0 212252 0 0 0 ELIZABETH BARR CHIEF ADMINISTRATIVE OFFICER 139983 0 0 0 0 0 7000 0 9300 0 156283 0 0 0 MICHAEL HICKEY VP OF DEVELOPMENT (TO 01/16) 137712 0 0 0 0 0 7422 0 9300 0 154434 0 0 0 FORM 990, SCHEDULE J, PART II 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. 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