Civic Intelligence

Partnership for Inner City Education DBA Partnership Schools

EIN 13-3976873 • 501(c)3 • New York, NY

Profile

The mission of the Partnership for Inner-City Education is to develop outstanding Catholic elementary schools that provide low-income students with the academic preparation, values and skills they need to break the cycle of poverty and lead fulfilling, productive lives. The Partnership provides tuition scholarships to those in need and assists schools in their quest to achieve academic excellence, financial stability and administrative efficiency, by awarding grants for academic and programmatic initiatives, professional development and operational support to a set of six inner-city elementary schools. The Partnership also seeks to ensure safe and enriched school facilities by providing grants to these elementary schools for necessary capital improvements.

450 Lexington Avenue 3035New York, NY 10163

partnershipnyc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.05x

Higher debt load relative to assets than 84% of similar nonprofits.

NTEE T • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.15x

Higher debt load relative to revenue than 81% of similar nonprofits.

NTEE T • $25M-$50M nonprofits • Source year 2024

Net Margin

9th percentile

-103%

Higher net margin than 9% of similar nonprofits.

NTEE T • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$398,240

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

NTEE T • $25M-$50M nonprofits • Source year 2024

Asset Growth

2nd percentile

-36%

Faster asset growth than 2% of similar nonprofits.

NTEE T • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-60%

Faster revenue growth than 7% of similar nonprofits.

NTEE T • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$35,477,430

Down $19,932,139 (-36%) from 2023

Liabilities

Up

$1,621,657

Up $983,524 (+154%) from 2023

Net Assets

Down

$33,855,773

Down $20,915,663 (-38%) from 2023

Revenue

Down

$10,913,733

Down $16,579,951 (-60%) from 2023

Expenses

Down

$22,108,359

Down $2,306,322 (-9.4%) from 2023

Net Income

Down

-$11,194,626

Down $14,273,629 (-464%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $74,059,491Liabilities 2011: $283,094Net Assets 2011: $73,776,3972011Assets 2012: $68,333,046Liabilities 2012: $295,022Net Assets 2012: $68,038,0242012Assets 2013: $72,414,506Liabilities 2013: $307,453Net Assets 2013: $72,107,0532013Assets 2014: $74,004,025Liabilities 2014: $320,408Net Assets 2014: $73,683,6172014Assets 2015: $68,931,809Liabilities 2015: $333,908Net Assets 2015: $68,597,9012015Assets 2016: $62,804,145Liabilities 2016: $1,194,656Net Assets 2016: $61,609,4892016Assets 2017: $65,477,964Liabilities 2017: $1,079,321Net Assets 2017: $64,398,6432017Assets 2018: $65,751,887Liabilities 2018: $1,119,431Net Assets 2018: $64,632,4562018Assets 2019: $59,365,855Liabilities 2019: $992,250Net Assets 2019: $58,373,6052019Assets 2020: $56,509,091Liabilities 2020: $1,570,521Net Assets 2020: $54,938,5702020Assets 2021: $64,379,139Liabilities 2021: $1,175,905Net Assets 2021: $63,203,2342021Assets 2022: $51,759,837Liabilities 2022: $487,503Net Assets 2022: $51,272,3342022Assets 2023: $55,409,569Liabilities 2023: $638,133Net Assets 2023: $54,771,4362023Assets 2024: $35,477,430Liabilities 2024: $1,621,657Net Assets 2024: $33,855,7732024

Highlighted filing

2024

Assets$35,477,430
Liabilities$1,621,657
Net Assets$33,855,773

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10M-$20MRevenue 2011: $11,215,355Expenses 2011: $11,986,060Net Income 2011: -$770,7052011Revenue 2012: $10,187,064Expenses 2012: $11,960,285Net Income 2012: -$1,773,2212012Revenue 2013: $10,873,900Expenses 2013: $10,539,756Net Income 2013: $334,1442013Revenue 2014: $17,839,061Expenses 2014: $14,849,840Net Income 2014: $2,989,2212014Revenue 2015: $10,009,304Expenses 2015: $14,403,769Net Income 2015: -$4,394,4652015Revenue 2016: $8,507,975Expenses 2016: $15,681,823Net Income 2016: -$7,173,8482016Revenue 2017: $15,448,479Expenses 2017: $14,783,545Net Income 2017: $664,9342017Revenue 2018: $13,200,484Expenses 2018: $13,870,240Net Income 2018: -$669,7562018Revenue 2019: $9,891,612Expenses 2019: $13,767,862Net Income 2019: -$3,876,2502019Revenue 2020: $14,242,693Expenses 2020: $15,925,818Net Income 2020: -$1,683,1252020Revenue 2021: $24,282,663Expenses 2021: $19,653,084Net Income 2021: $4,629,5792021Revenue 2022: $17,376,919Expenses 2022: $21,795,542Net Income 2022: -$4,418,6232022Revenue 2023: $27,493,684Expenses 2023: $24,414,681Net Income 2023: $3,079,0032023Revenue 2024: $10,913,733Expenses 2024: $22,108,359Net Income 2024: -$11,194,6262024

Highlighted filing

2024

Revenue$10,913,733
Expenses$22,108,359
Net Income-$11,194,626

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.5$1.62$33.9$10.9$22.1$11.2
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.4$0.64$54.8$27.5$24.4$3.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.8$0.49$51.3$17.4$21.8$4.42
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.4$1.18$63.2$24.3$19.7$4.63
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.5$1.57$54.9$14.2$15.9$1.68
2019Summary only. Only limited summary data is available for this year.$59.4$0.99$58.4$9.89$13.8$3.88
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.8$1.12$64.6$13.2$13.9$0.67
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.5$1.08$64.4$15.4$14.8$0.66
2016Summary only. Only limited summary data is available for this year.$62.8$1.19$61.6$8.51$15.7$7.17
2015Summary only. Only limited summary data is available for this year.$68.9$0.33$68.6$10.0$14.4$4.39
2014Detailed filing. Detailed filing data is available for this year.$74.0$0.32$73.7$17.8$14.8$2.99
2013Summary only. Only limited summary data is available for this year.$72.4$0.31$72.1$10.9$10.5$0.33
2012Summary only. Only limited summary data is available for this year.$68.3$0.30$68.0$10.2$12.0$1.77
2011Summary only. Only limited summary data is available for this year.$74.1$0.28$73.8$11.2$12.0$0.77
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jan 13, 2025
Return Version
2023v6.0
Gross Receipts
$19,185,394
Mission and Program Overview

Mission

The mission of Partnership Schools is to develop outstanding Catholic elementary schools that provide low-income students with the academic preparation, values and skills they need to break the cycle of poverty and lead fulfilling, productive lives. The Partnership provides tuition scholarships to those in need and assists schools in their quest to achieve academic excellence, financial stability and administrative efficiency, by awarding grants for academic and programmatic initiatives, professional development and operational support to a set of seven inner-city elementary schools in New York and two schools in Cleveland. The Partnership also seeks to ensure safe and enriched school facilities by providing grants to these elementary schools for necessary capital improvements.

The mission of Partnership Schools is to develop outstanding Catholic elementary schools that provide students with the academic preparation, values, and skills they need to lead fulfilling, productive lives. The Partnership supports its seven schools of the Archdiocese of New York in four main areas: needs-based tuition scholarships; programmatic and operational support; administrative, educational and operational services; and capital repair grants. The Partnership was created to provide a stable and longer-term source of support for schools serving high percentages of families experiencing poverty, and is operated independently from the Archdiocese of New York. The Partnership also provided support to four schools in the Diocese of Cleveland.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$25,907,230$25,556,052▼ $351,178
Cash and Non-Interest-Bearing Accounts$4,219,131$3,186,407▼ $1,032,724
Investments Other Securities$3,595,058$2,396,301▼ $1,198,757
Pledges and Grants Receivable$20,465,452$2,076,470▼ $18,388,982
Prepaid Expenses and Deferred Charges$259,335$1,120,455▲ $861,120
Savings and Temporary Cash Investments$726,362$912,078▲ $185,716
Total Assets$55,409,569$35,477,430▼ $19,932,139
Other Assets Total$237,001$229,667▼ $7,334
Liabilities
Accounts Payable and Accrued Expenses$638,133$1,621,657▲ $983,524
Total Liabilities$638,133$1,621,657▲ $983,524
Net Assets / Fund Balance
Net Assets With Donor Restrictions$48,276,338$30,712,598▼ $17,563,740
Net Assets Without Donor Restrictions$6,495,098$3,143,175▼ $3,351,923
Total Net Assets Fund Balance$54,771,436$33,855,773▼ $20,915,663
Total Liabilities and Net Assets / Fund Balance$55,409,569$35,477,430▼ $19,932,139

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,316--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$25,982,843-▲ $3,965,267-$28,636,128
2022$25,547,494-▲ $1,644,605-$25,982,843
2021$30,887,004-▼ $3,794,883-$25,547,494
2020$25,749,469-▲ $6,424,535-$30,887,004
2019$26,071,353-▲ $1,181,899-$25,749,469
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jill KafkaFormer Executive DirectorFT$355,058$43,182$398,240
Kathleen Porter-MageeSuperintendentFT$353,271$43,436$396,707
Kathleen QuirkChief of StaffFT$252,336$34,682$287,018
George GrenierDirector of FacilitiesFT$209,541$24,537$234,078
Molly Ann SmithAssist SuperintendentFT$186,729$44,255$230,984
Christian DallavisAssist SuperintendentFT$191,776$12,278$204,054
Angela LarsonCFOFT$171,589$23,967$195,556
Maria VentrescaVP of OperationsFT$166,542$20,217$186,759
Kristen GengaroExecutive DirectorFT$154,810$6,142$160,952

Highest Paid Contractors

ContractorServicesLocationCompensation
Community Counseling ServicesProgram Consulting527 Madison Ave, New York, NY 10022$786,550
EdOpsMgmt & Accounting1611 Connecticut Ave NW 200, Washington, DC 20009$366,622
Teach Like a ChampionProgram Consulting410 Feuva Bush Rd, Glenmont, NY 12077$160,066
Revenue and Support

Revenue Composition

Contributions and Grants
$8,813,146
Program Service Revenue
$266,273
Investment Income
$1,833,694
Other Revenue
$620
All Other Contributions
$8,732,274
Change in Net Assets
$-11,194,626

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$133,786Fair Market Value
Total Noncash Contributions5$133,786-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,489,204
Revenue Not Reported on Financial Statements
$424,529
Revenue Not Reported on Form 990
$-9,619,637
Other Revenue Adjustments
$266,273
Total Revenue per Audited Statements
$869,567
Total Revenue per Form 990
$10,913,733
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$13,603,236
Salaries, Compensation, and Employee Benefits$5,632,430
Other Expenses$2,872,693
Total Fundraising Expense$1,795,151
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$13,603,236--$13,603,236
Other Salaries and Wages$2,047,294$701,260$413,308$3,161,862
Fees for Services Other$710,890$707$952,680$1,664,277
Current Officers, Directors, Trustees, and Key Employees$926,807$317,459$187,104$1,431,370
Other Employee Benefits$317,500$108,753$64,097$490,350
Payroll Taxes$247,770$84,869$50,020$382,659
Occupancy$145,774$46,958$44,578$237,310
Pension Plan Contributions$107,607$36,859$21,723$166,189
Fees for Service Investment Mgmnt Fees-$158,256-$158,256
Insurance$9,058$83,353-$92,411
Fees for Services Accounting-$46,000-$46,000
Other Expenses$69,992$25,000$4,042$25,000
All Other Expenses$22,011--$22,011
Fees for Services Legal-$12,858-$12,858
Total Functional Expenses$18,631,305$1,681,903$1,795,151$22,108,359

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$22,108,359
Total Expenses per Audited Statements$21,785,230
Expenses per Audited Statements$21,683,830
Expenses Not Reported on Financial Statements$424,529
Other Expense Adjustments$266,273
Expenses Not Reported on Form 990$101,400
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
CESA - St Athanasius School (Bronx)Bronx, NY-Capital grants, Tuition Scholarship and Academic & Operational Support$2,534,119
CESA - St Charles Borromeo SchoolNew York, NY-Capital grants, Tuition Scholarship and Academic & Operational Support$2,277,074
CESA - Immaculate Conception School (151 - Bronx)Bronx, NY-Capital grants, Tuition Scholarship and Academic & Operational Support$2,142,396
CESA - Sacred Heart SchoolBronx, NY-Capital grants, Tuition Scholarship and Academic & Operational Support$1,828,032
CESA - St Mark the Evangelist SchoolNew York, NY-Capital grants, Tuition Scholarship and Academic & Operational Support$1,393,369
CESA - Mount CarmelHoly Rosary School (Manhattan)New York, NY-Capital grants, Tuition Scholarship and Academic & Operational Support$1,263,710
CESA - Our Lady Queen of Angels School (Manhattan)New York, NY-Capital grants, Tuition Scholarship and Academic & Operational Support$1,238,155
St Raymond SchoolBronx, NY-Tuition Scholarships$475,000
CLE - Metro Catholic School (Ohio)Cleveland, OH-Capital Grants$155,453
CLE - Archbishop Lyke School (Ohio)Cleveland, OH-Capital grants$117,706
CLE - St Thomas Aquinas School (Ohio)Cleveland, OH-Capital grants$62,077
All Hallows High SchoolBronx, NY-Tuition Scholarships$50,000
Transfiguration SchoolNew York, NY-Tuition Scholarships$25,000
St Ignatius SchoolBronx, NY-Tuition Scholarships$17,645
Cathedral High SchoolNew York, NY-Tuition Scholarships$12,000
CLE - Saint Francis School (Ohio)Cleveland, OH-Capital grants$6,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

A draft copy of the 990 is sent to the Board for comment and review before filing.

Form 990, Part VI, Section B, line 12C

Board members are required to disclose potential conflicts each year. The policy is monitored through, and disclosures are reviewed by, the Audit Committee, with any potential conflicts reported to the Board.

Form 990, Part VI, Section B, line 15

The Chairman and President review compensation for similar roles across a large universe of comparable organizations and then make the compensation decision. The Chairman and President also conduct performance reviews annually with the Executive Director. The Executive Director conducts reviews with key employees on an annual basis.

Form 990, Part VI, Section C, line 19

All governing documents including the conflict of interest policy and audit reports are available upon request.

Filing and Contact Details

Filer

Filer Name
Partnership for Inner City Education
EIN
13-3976873
Phone
2123711011
Address
450 LEXINGTON AVENUE 3035, NEW YORK, NY 10163

Signing Officer

Name
Kristen Gengaro
Title
Executive Director
Phone
2123711011
Signed
2025-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kristen Gengaro
Formed
1997
Legal Domicile
Ny
Voting Board Members
30
Independent Board Members
30
Employees
41
Volunteers
53

Preparer

Firm
Owen J Flanagan & Co
Address
445 Hamilton Avenue 11th floor, White Plains, NY 10601
Preparer
Kevin Sunkel
Phone
2126822783
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 3

As of June 30, 2024, the Partnership ceased providing services to the seven schools in New York.

Form 990, Part XI, line 9:

Pledges rescinded -12,130,000.

Financial Statement Notes

Part V, Line 4:

The earnings from the endowment fund are used to provide scholarship and general support to schools.

Part X, Line 2:

The Partnership has not taken any uncertain tax positions that would require financial statement recognition.

Part XI, Line 2D - Other Adjustments:

Pledges rescinded -12,130,000.

Part XI, Line 4B - Other Adjustments:

Cleveland school reimbursements for services 266,273.

Part XII, Line 4B - Other Adjustments:

Cleveland school reimbursements for services 266,273.

Raw XML AppendixShowing 400 of 1,035 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/PersonNm11Frank O'Linn
IRS990/Form990PartVIISectionAGrp/PersonNm12Nancy R Wall
IRS990/Form990PartVIISectionAGrp/PersonNm13Peter Maulik
IRS990/Form990PartVIISectionAGrp/PersonNm14Charles P Durkin Jr
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IRS990/Form990PartVIISectionAGrp/PersonNm16William Goodloe
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IRS990/Form990PartVIISectionAGrp/PersonNm18Frank Porcelli
IRS990/Form990PartVIISectionAGrp/PersonNm19Brian Regan
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IRS990/Form990PartVIISectionAGrp/PersonNm21Msgr Joseph LaMorte
IRS990/Form990PartVIISectionAGrp/PersonNm22John Cahill
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