FUND FOR PUBLIC SCHOOLS INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- FUND FOR PUBLIC SCHOOLS INC (EIN 11-2656137)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-01
- IRS object ID
- 201230619349300508
- Schema version
- 2010v3.7
- 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) |
|---|---|---|
| Timestamp | 2012-03-01T07:48:39-05:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EISNERAMPER LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100172703 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 112656137 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE FUND FOR PUBLIC SCHOOLS INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FUND | NameControl |
| Phone | 2123747631 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 52 CHAMBERS STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10007 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LYDIA STMARIE TOMMY | Name |
| Title | CFO | Title |
| Phone | 2123746921 | Phone |
| Date Signed | 2012-02-24 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2129498700 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JULIA BATOR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 52 CHAMBERS STREET RM 305 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10007 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 19665837 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.schools.nyc.gov/fundforpublicshools.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1982 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT IN SCHOOL REFORM. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 15 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 23279245 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 19338303 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 302587 | InvestmentIncomePriorYear |
| Investment Income Current Year | 321431 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 23581832 | TotalRevenuePriorYear |
| Total Revenue Current Year | 19659734 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 24401580 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 21567245 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1070692 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 975617 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 164359 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 180305 | OtherExpensePriorYear |
| Other Expenses Current Year | 335729 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 25652577 | TotalExpensesPriorYear |
| Total Expenses Current Year | 22878591 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -2070745 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -3218857 | RevenuesLessExpensesCY |
| Total Assets BOY | 48591793 | TotalAssetsBOY |
| Total Assets EOY | 38497488 | TotalAssetsEOY |
| Total Liabilities BOY | 13278884 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 6232270 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 35312909 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 32265218 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT IN SCHOOL REFORM. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 21901544 | Expense |
| Grants | 21567245 | Grants |
| Description | 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. | Description |
| Total Program Service Expense | 21901544 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 778 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 15 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LYDIA ST MARIE TOMMY | NamePerson |
| Telephone Number | 2123746921 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 52 CHAMBERS STREET RM 305 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10007 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (9 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| DENNIS WALCOTT | ||||||
| CHAIRMAN | 2.0 | X | X | 0 | 0 | 0 |
| CAROLINE KENNEDY | ||||||
| VICE-CHAIR | 2.0 | X | X | 0 | 0 | 0 |
| MORTIMER B ZUCKERMAN | ||||||
| VICE-CHAIR | 2.0 | X | X | 0 | 0 | 0 |
| JEANETTE S WAGNER | ||||||
| SECRETARY | 2.0 | X | X | 0 | 0 | 0 |
| CHARLES H GOOGE JR | ||||||
| MEMBER | 2.0 | X | 0 | 0 | 0 | |
| ELIZABETH ROHATYN | ||||||
| MEMBER | 2.0 | X | 0 | 0 | 0 | |
| STEPHANIE DUA | ||||||
| MEMBER/CEO (SEE SCHEDULE O) | 28.0 | X | X | 158932 | 0 | 0 |
| L LONDELL MCMILLAN | ||||||
| MEMBER | 2.0 | X | 0 | 0 | 0 | |
| TARA M PAONE | ||||||
| CHIEF FINANCIAL OFFICER | 35.0 | X | 138290 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 297222 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| THE PARTHENON GROUP | |||||
| 200 STATE STREET | BOSTON | MA | 02109 | MGMT CONSULTANTS | 300000 |
| AMERICAN INSTITUTE FOR RESEARCH | |||||
| C/O SUN TRUST BANK PO BOX 79498 | BALTIMORE | MD | 21279 | RESEARCH | 227283 |
| ART CONNECTION | |||||
| 520 8TH AVENUE SUITE 321 | NEW YORK | NY | 10018 | PROGRAM CONSULTING | 192838 |
| THE NEW TEACHER PROJECT | |||||
| 186 JORALEMON STREET SUITE 300 | BROOKLYN | NY | 11201 | EDUCATIONAL CONSULT | 616580 |
| CAMBIRDGE EDUCATION LLC | |||||
| 400 BLUE HILL AVENUE SUITE 100 | WESTWOOD | MA | 02090 | PROFESSIONAL DEV. | 382770 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 16 | NumberOfContractorsGT100K |
| All Other Contributions | 19338303 | AllOtherContributions |
| Total Contributions | 19338303 | TotalContributions |
| Total Program Service Revenue | 0 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 321431 | TotalRevenueColumn |
| Exclusion | $321,431 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6103 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 6103 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19659734 | TotalRevenueColumn |
| Exclusion | $321,431 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21567245 | Total |
| Program Services | 21567245 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 259419 | Total |
| Management And General | 134672 | ManagementAndGeneral |
| Fundraising | 124747 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 571851 | Total |
| Program Services | 144977 | ProgramServices |
| Management And General | 426874 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39399 | Total |
| Program Services | 6651 | ProgramServices |
| Management And General | 26755 | ManagementAndGeneral |
| Fundraising | 5993 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41925 | Total |
| Program Services | 16591 | ProgramServices |
| Management And General | 25334 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 63023 | Total |
| Program Services | 11996 | ProgramServices |
| Management And General | 51027 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 48000 | Total |
| Management And General | 48000 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 87370 | Total |
| Management And General | 58626 | ManagementAndGeneral |
| Fundraising | 28744 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4646 | Total |
| Management And General | 1741 | ManagementAndGeneral |
| Fundraising | 2905 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12709 | Total |
| Management And General | 12709 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | FundraisingFundraising | Program ServicesProgramServices |
|---|---|---|---|---|
| PROFESSIONAL DEVELOPMENT | 5279 | 3309 | 1970 | |
| FILING FEES | 1275 | 1275 | ||
| BAD DEBT EXPENSE | 153381 | 153381 | ||
| MISCELLANEOUS | 23069 | 22366 | 703 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22878591 | Total |
| Program Services | 21901544 | ProgramServices |
| Management And General | 812688 | ManagementAndGeneral |
| Fundraising | 164359 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11620776 | BOY |
| EOY | 3513369 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13579839 | BOY |
| EOY | 11010535 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Accounts Receivable | AccountsReceivable | |
| Land Buildings Equipment Basis | 12588 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 8788 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 3800 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23379661 | BOY |
| EOY | 23949399 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11517 | BOY |
| EOY | 20385 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48591793 | BOY |
| EOY | 38497488 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 127111 | BOY |
| EOY | 105662 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13151773 | BOY |
| EOY | 6126608 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13278884 | BOY |
| EOY | 6232270 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2632032 | BOY |
| EOY | 3192159 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31889382 | BOY |
| EOY | 28206564 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 791495 | BOY |
| EOY | 866495 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35312909 | BOY |
| EOY | 32265218 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48591793 | BOY |
| EOY | 38497488 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -3218857 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 171166 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 30042238 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 43400389 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 14805079 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 23279245 | CurrentTaxYearMinus1Year |
| Current Tax Year | 19338303 | CurrentTaxYear |
| Total | 130865254 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 30042238 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 43400389 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 14805079 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 23279245 | CurrentTaxYearMinus1Year |
| Current Tax Year | 19338303 | CurrentTaxYear |
| Total | 130865254 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 51627639 | AmountsSubstContributorsTotal |
| Public Support Total170 | 79237615 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 962368 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 903601 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 707518 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 293843 | CurrentTaxYearMinus1Year |
| Current Tax Year | 321431 | CurrentTaxYear |
| Total | 3188761 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 134054015 | TotalSupport |
| Gross Receipts From Admissions Etc | 37238 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.59109 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.53857 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 791495 | BeginningOfYearBalance |
| Contributions | 75000 | Contributions |
| Investment Earnings Or Losses | 43245 | InvestmentEarningsOrLosses |
| End Of Year Balance | 909740 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 766495 | BeginningOfYearBalance |
| Contributions | 25000 | Contributions |
| End Of Year Balance | 791495 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 741495 | BeginningOfYearBalance |
| Contributions | 25000 | Contributions |
| End Of Year Balance | 766495 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.95000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.05000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Land | Land | |
| Buildings | Buildings | |
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 12588 | OtherCostOrOtherBasis |
| Depreciation | 8788 | Depreciation |
| Book Value | 3800 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildings | |
| Total Of Book Value Land Buildings | 3800 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
| Total Of Amounts | 0 | TotalOfAmounts |
| Total Revenue | 19659734 | TotalRevenue |
| Total Expenses | 22878591 | TotalExpenses |
| Excess Or Deficit For Year | -3218857 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 171166 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 669022 | DonatedServicesAndFacilities |
| Total Adjustments | 840188 | TotalAdjustments |
| Excess Or Deficit Per FS | -2378669 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 20499922 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 171166 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 669022 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 840188 | RevenueNotRptdF990 |
| Revenue Subtotal | 19659734 | RevenueSubtotal |
| Total Revenue Per Form990 | 19659734 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 23547613 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 669022 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 669022 | ExpensesNotRptdF990 |
| Expenses Subtotal | 22878591 | ExpensesSubtotal |
| Total Expenses Per Form990 | 22878591 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PURPOSE OF ENDOWMENT | PART V, QUESTION 4 | THE FUND'S ENDOWMENT FUNDS CONSIST OF SEVEN DONOR RESTRICTED FUNDS, ESTABLISHED TO SUPPORT EDUCATIONAL SERVICES AND SCHOLARSHIPS |
| FIN 48 | PART X, QUESTION 2 | The Fund haS adopted the provisions of Accounting Standards Codification ("ASC") 740-10-05 relating to accounting and reporting for uncertainty in income taxes. Because of the Fund's general tax-exempt status, ASC 740-10-05 does not have a material effect on the Fund's financial statements. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NYC DEPARTMENT OF EDUCATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 52 CHAMBERS STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10007 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amount Of Cash Grant | 21567245 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Method Of Valuation | FMV | MethodOfValuation |
| Description Of Non Cash Assistance | NONE | DescriptionOfNonCashAssistance |
| Purpose Of Grant | EDUCATION | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | GRANT MONITORING PROCESS | Identifier |
| Return Reference | FORM 990, SCHEDULE I, PART I, QUESTION 2 | ReturnReference |
| Explanation | THE FUND USES A PROCESS TO MONITOR GRANTS TO ITS NYC DEPARTMENT OF EDUCATION PARTNERS. WHEN A GRANT IS MADE BY A DONOR TO THE FUND, THE DOE IS NOTIFIED AND THE STAFF WORKS TO review the terms, budget, timelines 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 CONTROLLER GENERATES 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 SIGNED WITH THE DONOR. A WEEKLY REVIEW ON A SELECT GROUP OF GRANTS IS ALSO CONDUCTED WITH THE CEO THROUGHOUT THE YEAR. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | STEPHANIE DUA | NamePerson |
| Base Compensation Filing Org | 158932 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 16500 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 1068 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 176500 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| FORM 8868 | APPLICATION FOR AN EXTENSION OF TIME TO FILE AN EXEMPT ORGANIZATION RETURN WAS PAPER FILED. |
| PART VI, SECTIONS A, B, AND C | SECTION A, QUESTION 11A THE FORM 990 IS REVIEWED BY THE FUND'S CONTROLLER, CFO AND CEO AND THEN SUBMITTED TO THE AUDIT COMMITTEE FOR ITS REVIEW. AFTER ANY COMMENTS/RECOMMENDATIONS OF THE FUND'S AUDIT COMMITTEE, THE FORM 990 IS THEN PRESENTED TO THE BOARD FOR ITS APPROVAL. 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 UPON REQUEST. |
| PART XI, QUESTION 5 | OTHER CHANGES INCLUDE UNREALIZED GAINS OF $171,166. |
| PART VII, QUESTION 8A | STEPHANIE DUA WAS THE CEO OF THE FUND UNTIL MARCH 31, 2011. UPON HER RESIGNATION SHE JOINED THE BOARD OF DIRECTORS. |