2015-03-30T12:27:24-05:00 2014-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2013-07-01 112656137 THE FUND FOR PUBLIC SCHOOLS INC % IRIS CHEN EXECUTIVE DIRECTO FUND 2123747631 52 CHAMBERS STREET Suite 305 NEW YORK NY 10007 IRIS CHEN EXECUTIVE DIRECTOR 2123746921 2015-03-24 true JULIE FLOCH P00736879 2123746921 2013 2016-03-07 17:11:31Z ELIZABETH BARR 52 CHAMBERS STREET RM 305 NEW YORK NY 10007 32244607 false X www.schools.nyc.gov/fundforpublicshools.org X 1982 NY THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT IN SCHOOL REFORM. 5 5 15 0 0 47710374 31443747 0 0 761969 793455 0 0 48472343 32237202 34585802 31550819 0 0 1038833 1020753 0 0 243685 661158 284581 36285793 32856153 12186550 -618951 54661562 53745231 15212498 14416844 39449064 39328387 THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT IN SCHOOL REFORM. false false 31564049 31550819 The Fund for Public Schools facilitates private-sector grants to finance educational programs within the NYC Department of Education. The Fund provides critical funding for system wide educational reform initiatives throughout the city's public schools. The Fund provides grants and other support to the Department of Education for these purposes. 31564049 true true false false false false false false false true true 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 316 0 true 15 true false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true true true false NJ NY X IRIS CHEN EXECUTIVE DIRECTO 2123747689 52 CHAMBERS STREET RM 305 NEW YORK NY 10007 CARMEN FARINA CHAIR (EFFECTIVE 1/14) 2.0 X X 0 0 0 CHRISTOPHER KOJIMA MEMBER (EFFECTIVE 7/13) 2.0 X 0 0 0 STEVE STRONGIN MEMBER (EFFECTIVE 6/14) 2.0 X 0 0 0 LISA PLEPER MEMBER (EFFECTIVE 6/14) 2.0 X 0 0 0 DENNIS WILLIAMS MEMBER 2.0 X 0 0 0 LEANNE FREMAR MEMBER (UNTIL 6/14) 2.0 X 0 0 0 GRACE HIGHTOWER DE NIRO MEMBER (UNTIL 6/14) 2.0 X 0 0 0 L LONDELL MCMILLAN MEMBER (UNTIL 6/14) 2.0 X 0 0 0 MORTIMER ZUCKERMAN VICE CHAIR (UNTIL 5/14) 2.0 X 0 0 0 STEPHANIE DUA MEMBER (UNTIL 11/13) 2.0 X 0 0 0 CHARLES H GOOGE JR MEMBER (UNTIL 5/14) 2.0 X 0 0 0 ALICIA GLEN MEMBER (UNTIL 6/14) 2.0 X 0 0 0 DENNIS WALCOTT CHAIR (UNTIL 1/14) 2.0 X X 0 0 0 JEANETTE S WAGNER SECRETARY (UNTIL 12/13) 2.0 X X 0 0 0 JULIA BATOR CHIEF EXEC OFFICER UNTIL 4/14 35.0 X 189417 0 10616 LYDIA ST MARIE TOMMY CHIEF FINANCIAL OFFICER 35.0 X 119914 0 6679 IRIS CHEN EXECUTIVE DIR STARTED 07/14 35.0 X 0 0 0 ELIZABETH LARSON MANAGING DIRECTOR 35.0 X 116116 0 15880 JEREMY WEINSTEN PORTFOLIO DIRECTOR 35.0 X 100249 0 15099 525696 0 48274 4 false true false NEW YORK UNIVERSITY PO BOX 5166 NEW YORK NY 10087 EDUCATIONAL CONSULT 511346 NYC LEADERSHIP ACADEMY 45-18 COURT SQUARE ROOM 247 LONG ISLAND CITY NY 11101 EDUCATIONAL CONSULT 676206 THE PARTHENON GRO0UP 50 ROWES WHARF 6TH FLOOR BOSTON MA 02110 MGMT CONSULTANTS 651401 THE NEW TEACHER PROJECT 186 JORALEMON STREET SUITE 300 BROOKLYN NY 11201 EDUCATIONAL CONSULT 1882717 GODDARD RIVERSIDE COMMUNITY CENTER 593 COLUMBUS AVENUE NEW YORK NY 10024 EDUCATIONAL CONSULT 601825 6 31443747 3691 31443747 0 793780 793780 0 0 0 0 0 7080 7405 -325 -325 -325 0 0 0 0 32237202 793455 31550819 31550819 0 0 0 292343 141821 150522 0 571287 11252 491980 68055 38507 30981 7526 62492 388 60753 1351 56124 1272 54852 0 0 53000 53000 0 0 0 82721 69445 13276 0 0 0 0 0 1926 477 1449 0 0 0 0 0 13741 13741 PROFESSIONAL DEVELOPMENT 9843 8548 1295 FILING FEES 775 775 MISCELLANEOUS 122575 318 122046 211 32856153 31564049 1048419 243685 0 0 7758130 3325081 13971550 10185009 0 0 0 0 0 0 0 0 0 0 0 0 14635 13953 2631 682 32910389 40216253 0 0 0 0 0 0 18862 18206 54661562 53745231 194586 208051 15017912 14208793 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15212498 14416844 X 3199095 4158274 35783474 34691118 466495 478995 39449064 39328387 54661562 53745231 -618951 498274 X false true X true false X 23279245 19338303 21305578 47710374 31443747 143077247 0 0 23279245 19338303 21305578 47710374 31443747 143077247 56603416 86473831 293843 321431 622757 812148 793780 2843959 0 0 145921206 0.59261 0.63989 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 522590 12500 41333 8655 567768 912394 25000 41999 456803 522590 909740 25000 30107 52453 912394 791495 75000 43245 909740 766495 25000 791495 0.84365 0.15635 false false 14635 13953 682 682 0 0 X 33444284 498274 708808 1207082 32237202 32237202 33564961 708808 708808 32856153 32856153 PART V, QUESTION 4 THE FUND'S ENDOWMENT FUNDS CONSIST OF SIX DONOR RESTRICTED FUNDS, ESTABLISHED TO SUPPORT EDUCATIONAL SERVICES AND SCHOLARSHIPS. PART X, QUESTION 2 The Fund has adopted the provisions of the financial accounting standards board (THE "fasb") Accounting Standards Codification ("ASC") Topic 740, "income taxes", relating to accounting and reporting for uncertainty in income taxes. However, ASC Topic 740 has not had, and is not expected to have, a material effect on the Fund's financial statements. Management believes that there is little likelihood of an audit of its tax compliance for its open years. true NYC DEPARTMENT OF EDUCATION 52 CHAMBERS STREET NEW YORK NY 10007 31550819 FMV NONE EDUCATION 1 0 FORM 990, SCHEDULE I, PART I, QUESTION 2 THE DOE IS NOTIFIED OF A GRANT 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 SENIOR ACCOUNTANT AND CFO GENERATE BUDGET REPORTS FOR EACH GRANT IN ACCORDANCE WITH THE SCHEDULE. REVIEWS ARE CONDUCTED BY BOTH THE FUND'S PORTFOLIO/DEVELOPMENT STAFF AND THE CFO TO ENSURE EXPENSES ARE WITHIN BUDGET AND IN ACCORDANCE WITH GRANT AGREEMENTS. A WEEKLY REVIEW ON A SELECT GROUP OF GRANTS IS ALSO CONDUCTED WITH THE CEO THROUGHOUT THE YEAR. X X X X false false false false false false false false JULIA BATOR CHIEF EXEC OFFICER UNTIL 4/14 189417 0 0 0 0 0 9969 0 647 0 200033 0 0 0 FORM 8868 APPLICATION FOR AN EXTENSION OF TIME TO FILE AN EXEMPT ORGANIZATION RETURN WAS FILED. PART VI, SECTIONS A, B, AND C SECTION A, QUESTION 11B A FULL COPY OF THE FORM 990 IS GIVEN TO THE CHIEF FINANCIAL OFFICER AND CHIEF EXECUTIVE OFFICER FOR REVIEW. ONCE REVIEWD THE RETURN WILL BE FORWARDED TO THE AUDIT COMMITTEE FOR REVIEW AND COMMENTS AND THEN SENT AS A PDF BY EMAIL TO EACH BOARD MEMBER OF THE BOARD. ONCE THE BOARD APPROVES THE 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. SECTION B, QUESTION 15B THE FUND ADOPTED A FORMAL COMPENSATION POLICY IN FISCAL-YEAR 2009. THE PRIMARY OBJECTIVE OF THE POLICY IS TO DETAIL A STRATEGIC COMPENSATION SYSTEM WHICH FORMS A LINK BETWEEN ORANIZATIONAL 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 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 FULLIFILLING 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. 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.