2011-02-24T14:52:51-06:00 2010-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2009-07-01 112656137 THE FUND FOR PUBLIC SCHOOLS INC FUND 2123747631 52 CHAMBERS STREET NEW YORK NY 10007 TARA PAONE 2123742874 2011-02-24 2129498700 2009 2016-02-24 21:20:13Z STEPHANIE DUA 52 CHAMBERS STREET RM 305 NEW YORK NY 10007 47415351 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. 9 9 10 0 14805079 23279245 0 0 725588 302587 0 0 15530667 23581832 37089149 24401580 0 0 1092663 1070692 0 0 126976 231245 180305 38413057 25652577 -22882390 -2070745 46575298 48591793 9009451 13278884 37565847 35312909 THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO IMPROVING NEW YORK CITY'S PUBLIC SCHOOLS BY ATTRACTING PRIVATE INVESTMENT IN SCHOOL REFORM. false false 24607885 24401580 0 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. 24607885 true true false false false false false false true true true false false false false false false false false false false true false false false false false false false false false false true false false false false false false false false true 163 0 true 10 false false false false false false false false false 9 9 false false false false false false false true true false false true true true true true true true true false NJ NY X X X TARA PAONE CFO 2123747631 52 CHAMBERS STREET RM 305 NEW YORK NY 10007 JOEL I KLEIN 2.0 X X 0 0 0 CAROLINE KENNEDY 2.0 X X 0 0 0 MORTIMER B ZUCKERMAN 2.0 X X 0 0 0 JEANETTE S WAGNER 2.0 X X 0 0 0 CHRIS BEALE 2.0 X X 0 0 0 CHARLES H GOOGE JR 2.0 X 0 0 0 WENDI MURDOCH 2.0 X 0 0 0 LEONARD RIGGIO 2.0 X 0 0 0 ELIZABETH ROHATYN 2.0 X 0 0 0 STEPHANIE DUA 28.0 X 133172 0 7446 TARA M PAONE 35.0 X 129488 0 14161 LARA HOLIDAY 35.0 X 100729 0 2267 363389 0 23874 3 false false false THE MEDIA KITCHEN 160 VARICK STREET NEW YORK NY 10013 ADVERTISING 896049 THE PARTHENON GROUP 200 STATE STREET BOSTON MA 02109 MGMT CONSULTANTS 764800 AMERICAN INSTITUTE FOR RESEARCH C/O SUN TRUST BANK PO BOX 79498 BALTIMORE MD 21279 RESEARCH 600716 ANTONIA RUDENSTINE 3 MULFORD STREET BROOKLINE MA 02445 EDUCATONAL CONSULTAN 247407 SOUTHERN REGIONAL EDUCATION BOARD 592 TENTH AVENUE NW ATLANTA GA 30318 EDUCATIONAL CONSULAT 195207 10 4527031 18752214 103300 23279245 0 293843 293843 0 0 23842263 23833519 8744 8744 8744 0 0 0 0 23581832 302587 24401580 24401580 0 0 0 278869 171215 107654 0 611145 169778 441367 45134 8276 31245 5613 63163 13208 48290 1665 72381 14433 57948 0 0 45000 45000 0 0 0 85362 79197 6165 0 0 0 0 0 5062 1153 3909 0 0 0 0 0 11815 11815 PROFESSIONAL DEVELOPMENT 4699 2729 1970 FILING FEES 1275 1275 MISCELLANEOUS 27092 610 26482 25652577 24607885 917716 126976 12587248 11620776 16243049 13579839 8788 8788 2929 17731965 23379661 10107 11517 46575298 48591793 95713 127111 8913738 13151773 9009451 13278884 X 2223579 2632032 34575773 31889382 766495 791495 37565847 35312909 46575298 48591793 X false true true X true true X 39624665 30042238 43400389 14805079 23279245 151151616 39624665 30042238 43400389 14805079 23279245 151151616 67898205 83253411 562570 962368 903601 707518 293843 3429900 154581516 118991 0.53857 0.50370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 766495 25000 791495 741495 25000 766495 1.00000 false false 8788 8788 0 0 23581832 25652577 -2070745 354903 -537096 -182193 -2252938 24613543 354903 676808 1031711 23581832 23581832 26329385 676808 676808 25652577 25652577 PURPOSE OF ENDOWMENT PART V, QUESTION 4 THE FUND'S ENDOWMENT FUNDS CONSIST OF SIX DONOR RESTRICTED FUNDS, ESTABLISHED TO SUPPORT EDUCATIONAL SERVICES AND SCHOLARSHIPS OTHER RECONCILING ITEM - DISCONTINUED PROGRAM PART XI, LINE 8 In 2006, Beat the Streets Wrestling (BTSW) formed a partnership with The Fund for Public Schools on behalf of the New York City Department of Education (DOE) to support the extension of wrestling programs into middle schools and high schools. BTSW granted $1,025,901 with the goal of dramatically expanding wrestling opportunities in the City's public schools over a three-year engagement that operated through June 2009. During this time period, the partnership was focused on planning and implementation activities, including: school outreach to create interest in wrestling programs, outreach to generate student interest, new program implementation, professional development for coaches, and continuing program administration. In fiscal-year 2010, the determination was made by BTSW to operate the wrestling program in the City's public schools without the Fund's involvement, and therefore, the remaining unspent balance has been characterized as a discontinued program. FIN 48 PART X, QUESTION 2 In fiscal-year 2010, the Fund 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 has not had, and is not exected to have, a material effect on the Fund's financial statements true NYC DEPARTMENT OF EDUCATION 52 CHAMBERS STREET NEW YORK NY 10007 24401580 0 FMV NONE EDUCATION 1 0 GRANT MONITORING PROCESS FORM 990, SCHEDULE I, PART I, QUESTION 2 THE FUND USES A "MEMORANDUM OF UNDERSTANDING" ("MOU") 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 COMPLETE A MOU DOCUMENT. THE MOU CONTAINS THE FINALIZED WORK PLAN, GRANT GOALS AND MILESTONES AND A DETAILED LINE ITEM BUDGET. 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. X 1 103300 FMV false true false 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 OR 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. 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. THE FUND'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE FUND'S ONLINE FILE SYSTEM.