Civic Intelligence

Pencil Inc.

990 • Fiscal year 2016 • EIN 22-3384302

Oct 01, 2015 to Sep 30, 2016 • Filed on Mar 17, 2017

Organization Profilewww.pencil.org
30 West 26th Street 5th FloorNew York, NY 10010

(212) 524-2386

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.06x

Higher debt load relative to assets than 89% of similar nonprofits.

2016 filings • NTEE T • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

84th percentile

0.06x

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

2016 filings • NTEE T • $1M-$5M nonprofits • Source year 2016

Net Margin

44th percentile

-9.9%

Higher net margin than 44% of similar nonprofits.

2016 filings • NTEE T • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$272,744

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2016 filings • NTEE T • $1M-$5M nonprofits • Source year 2016

Asset Growth

8th percentile

-15%

Faster asset growth than 8% of similar nonprofits.

2016 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

37th percentile

-22%

Faster revenue growth than 37% of similar nonprofits.

2016 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$2,659,473

Down $481,391 (-15%) from 2015

Net Assets

Down

$2,496,362

Down $276,313 (-10.0%) from 2015

Liabilities

Down

$163,111

Down $205,078 (-56%) from 2015

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin44th percentile

Revenue

Down

$2,846,068

Down $809,544 (-22%) from 2015

Expenses

Down

$3,126,886

Down $784,128 (-20%) from 2015

Net Income

Down

-$280,818

Down $25,416 (-10.0%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $5,020,063Liabilities 2011: $324,986Net Assets 2011: $4,695,0772011Assets 2012: $5,271,869Liabilities 2012: $322,796Net Assets 2012: $4,949,0732012Assets 2013: $5,347,896Liabilities 2013: $311,737Net Assets 2013: $5,036,1592013Assets 2014: $3,419,350Liabilities 2014: $385,252Net Assets 2014: $3,034,0982014Assets 2015: $3,140,864Liabilities 2015: $368,189Net Assets 2015: $2,772,6752015Assets 2016: $2,659,473Liabilities 2016: $163,111Net Assets 2016: $2,496,3622016Assets 2017: $2,174,044Liabilities 2017: $71,028Net Assets 2017: $2,103,0162017Assets 2018: $2,323,981Liabilities 2018: $22,914Net Assets 2018: $2,301,0672018Assets 2019: $2,228,211Liabilities 2019: $32,574Net Assets 2019: $2,195,6372019Assets 2020: $2,185,642Liabilities 2020: $101,705Net Assets 2020: $2,083,9372020Assets 2021: $2,403,327Liabilities 2021: $43,246Net Assets 2021: $2,360,0812021Assets 2022: $2,677,959Liabilities 2022: $252,389Net Assets 2022: $2,425,5702022Assets 2023: $3,077,906Liabilities 2023: $576,867Net Assets 2023: $2,501,0392023Assets 2024: $2,096,911Liabilities 2024: $313,850Net Assets 2024: $1,783,0612024

Highlighted filing

2016

Assets$2,659,473
Liabilities$163,111
Net Assets$2,496,362
Open 2016 Filing

Operations Trend

Revenue Growth37th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,681,752Expenses 2011: $2,842,857Net Income 2011: -$161,1052011Revenue 2012: $3,732,081Expenses 2012: $3,491,408Net Income 2012: $240,6732012Expenses 2013: $3,620,1262013Revenue 2014: $2,500,789Expenses 2014: $4,058,956Net Income 2014: -$1,558,1672014Revenue 2015: $3,655,612Expenses 2015: $3,911,014Net Income 2015: -$255,4022015Revenue 2016: $2,846,068Expenses 2016: $3,126,886Net Income 2016: -$280,8182016Revenue 2017: $2,856,508Expenses 2017: $2,883,792Net Income 2017: -$27,2842017Revenue 2018: $3,056,007Expenses 2018: $2,845,181Net Income 2018: $210,8262018Revenue 2019: $2,833,626Expenses 2019: $2,965,690Net Income 2019: -$132,0642019Revenue 2020: $2,831,812Expenses 2020: $2,954,670Net Income 2020: -$122,8582020Revenue 2021: $3,055,640Expenses 2021: $2,725,067Net Income 2021: $330,5732021Revenue 2022: $3,104,926Expenses 2022: $3,012,979Net Income 2022: $91,9472022Revenue 2023: $3,506,640Expenses 2023: $3,433,722Net Income 2023: $72,9182023Revenue 2024: $2,636,899Expenses 2024: $3,354,872Net Income 2024: -$717,9732024

Highlighted filing

2016

Revenue$2,846,068
Expenses$3,126,886
Net Income-$280,818
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Mar 17, 2017
Return Version
2015v3.0
Gross Receipts
$3,832,802
Mission and Program Overview

Mission

New York City schools are filled with students who have potential and ambition to go far and we envision a city filled with students whose opportunities match their ambitions. Since 1995, weve played a critical role in bringing together business professionals, educators, and students to open eyes, open minds, and open doors. By doing so, we connect students to success.

PENCIL is the leader in creating innovative and impactful models of collaboration between the business and education communities. See Schedule O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,334,786$1,105,536▼ $229,250
Investments in Publicly Traded Securities$1,397,306$975,959▼ $421,347
Cash and Non-Interest-Bearing Accounts$192,459$428,899▲ $236,440
Land, Buildings, and Equipment, Net$167,535$106,108▼ $61,427
Prepaid Expenses and Deferred Charges$5,807$0▼ $5,807
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$3,140,864$2,659,473▼ $481,391
Other Assets Total$42,971$42,971→ $0
Liabilities
Other Liabilities$122,011$84,237▼ $37,774
Accounts Payable and Accrued Expenses$212,069$48,574▼ $163,495
Grants Payable$31,609$30,300▼ $1,309
Deferred Revenue$2,500--
Total Liabilities$368,189$163,111▼ $205,078
Net Assets / Fund Balance
Unrestricted Net Assets$2,168,800$2,036,531▼ $132,269
Temporarily Rstr Net Assets$603,875$459,831▼ $144,044
Total Net Assets Fund Balance$2,772,675$2,496,362▼ $276,313
Total Liabilities and Net Assets / Fund Balance$3,140,864$2,659,473▼ $481,391

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,245$683,313-
Leasehold Improvements$99,863$491,806-
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David WeinerPresidentFT$247,829$24,915$272,744
Joanna CannonCOOFT$170,969$8,649$179,618
John McHaleDirector Fin&AdminFT$102,143$17,047$119,190
Russel LangsamAssoc. DirectorFT$90,532$24,915$115,447
Gregg BetheilPresidentFT$92,754$14,832$107,586

Board Members and Trustees

NameTitle
Howard ChatzinoffChairman
Charles R BenditVice Chairman
Christopher B HaywardVice Chairman
Abbe RavenDirector
David BargerDirector
Elba MontalvoDirector
Elliot WahleDirector
Galen RobbinsDirector
Jack StephensonDirector
Jeremy JohnsonDirector
Joe ScantleburyDirector
John FosinaDirector
Ken ClinchyDirector
Lew LeoneDirector
Lewis Warren JrDirector
Mitchell M RoschelleDirector
Shael Polakow-SuranskyDirector
Susan Tysk-CosgroveDirector
Marilyn FogartyDirector Fin&Admin
Karen ProctorSecretary
E Scott BeatieTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,752,547
Program Service Revenue
$0
Investment Income
$93,521
Other Revenue
$0
All Other Contributions
$1,042,711
Change in Net Assets
$-280,818

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,846,068
Revenue Not Reported on Form 990
$328,434
Total Revenue per Audited Statements
$3,174,502
Total Revenue per Form 990
$2,846,068
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,306,793
Other Expenses$765,093
Total Fundraising Expense$690,763
Professional Fundraising Fees$55,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,085,927$87,920$287,444$1,461,291
Payroll Taxes$293,044$40,167$82,502$415,713
Current Officers, Directors, Trustees, and Key Employees$215,005$99,822$98,170$412,997
Occupancy$220,766$32,132$65,904$318,802
Depreciation Depletion$44,400$6,407$13,161$63,968
Fees for Services Professional Fundraising--$55,000$55,000
Travel$24,961$14,310$1,520$40,791
Office Expenses$26,360$3,804$7,813$37,977
Insurance$16,269$2,348$4,822$23,439
All Other Expenses$14,664$4,150$3,658$22,472
Other Expenses$62,987$21,790$28,140$21,790
Other Employee Benefits$11,837$1,622$3,333$16,792
Fees for Services Other-$16,275-$16,275
Total Functional Expenses$2,086,464$349,659$690,763$3,126,886

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,450,815
Expenses per Audited Statements$3,126,886
Total Expenses per Form 990$3,126,886
Expenses Not Reported on Form 990$323,929
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$170,400
Fundraising Gross Income$170,400
Professional Fundraising Fees$55,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$1,445,236$170,400$170,400$0
Total Events$1,445,236$170,400$170,400-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$84,237
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Line 11B: Form 990 Review Process

“Management reviewed a draft of the form 990 with the audit/finance committee and provided edits to the tax preparer. After this process was performed, the form 990 was sent to the full board of directors prior to being filed with the IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization has a "board approved" conflicts of interest policy. Each board member must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions.)”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Each year, the audit and finance committee reviews comparable salaries based on a recognized study and reviews the performance of the president to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The minutes of the audit and finance committee reflect the nature of this process.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Organizational documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Pencil Inc
EIN
22-3384302
Phone
2125242386
Address
30 West 26th Street 5th Floor, New York, NY 10010

Signing Officer

Name
Gregg Betheil
Title
President
Signed
2017-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregg Betheil
Voting Board Members
20
Independent Board Members
20
Employees
175
Volunteers
1,250

Preparer

Firm
Schall & Ashenfarb Cpas
Address
307 5th Ave 15th Floor, NEW YORK, NY 10016-6517
Preparer
Michael Schall
Phone
2122682800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Pencil does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending June 30, 2013 and later are subject to examination by applicable taxing authorities.”

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

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IRS990/Desc0In FY16, PENCILs School Partnership Program served over 80 New York City public schools by leveraging the talents and resources of the Citys business community to improve students college and career readiness and strengthen school leadership. These partnerships were supported by approximately 75 companies.92% of Principals reported students have a better understanding of what to expect in college or the workplace91% of Principals reported the Partnership helped improve students awareness of their college and career options84% of Principals reported the Partnership provided the school with access to knowledge, skills or resources that addressed school needsIn FY16, the PENCIL Internship Program placed 435 students in six-week internships at 172 businesses across New York City. Business Mentors and student interns report that the Internship Program had a positive impact on participants communication skills, networking skills, professional skills, and their career awareness and planning. 92% of students reported their participation in the internship Program helped me improve my career awareness and planning91% of students reported their participation in the internship Program helped me improve my social capital & networking skills92% of students reported their participation in the internship Program helped me improve my professional skills (i.e. time management, communication, computer skills, etc.)PENCIL partnerships and internships were supported by approximately 1250 business volunteers.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Howard Chatzinoff
IRS990/Form990PartVIISectionAGrp/PersonNm1E Scott Beatie
IRS990/Form990PartVIISectionAGrp/PersonNm2Charles R Bendit
IRS990/Form990PartVIISectionAGrp/PersonNm3Ken Clinchy
IRS990/Form990PartVIISectionAGrp/PersonNm4Christopher B Hayward
IRS990/Form990PartVIISectionAGrp/PersonNm5Jeremy Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm6Lew Leone
IRS990/Form990PartVIISectionAGrp/PersonNm7Elba Montalvo
IRS990/Form990PartVIISectionAGrp/PersonNm8Shael Polakow-Suransky
IRS990/Form990PartVIISectionAGrp/PersonNm9Galen Robbins
IRS990/Form990PartVIISectionAGrp/PersonNm10Karen Proctor
IRS990/Form990PartVIISectionAGrp/PersonNm11Mitchell M Roschelle
IRS990/Form990PartVIISectionAGrp/PersonNm12Elliot Wahle
IRS990/Form990PartVIISectionAGrp/PersonNm13Joe Scantlebury
IRS990/Form990PartVIISectionAGrp/PersonNm14Lewis Warren Jr
IRS990/Form990PartVIISectionAGrp/PersonNm15Abbe Raven
IRS990/Form990PartVIISectionAGrp/PersonNm16Jack Stephenson
IRS990/Form990PartVIISectionAGrp/PersonNm17John Fosina
IRS990/Form990PartVIISectionAGrp/PersonNm18David Barger
IRS990/Form990PartVIISectionAGrp/PersonNm19Susan Tysk-Cosgrove
IRS990/Form990PartVIISectionAGrp/PersonNm20Gregg Betheil
IRS990/Form990PartVIISectionAGrp/PersonNm21David Weiner
IRS990/Form990PartVIISectionAGrp/PersonNm22John McHale
IRS990/Form990PartVIISectionAGrp/PersonNm23Joanna Cannon
IRS990/Form990PartVIISectionAGrp/PersonNm24Marilyn Fogarty
IRS990/Form990PartVIISectionAGrp/PersonNm25Russel Langsam
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20President
IRS990/Form990PartVIISectionAGrp/TitleTxt21President
IRS990/Form990PartVIISectionAGrp/TitleTxt22Dir. Fin&Admin
IRS990/Form990PartVIISectionAGrp/TitleTxt23COO
IRS990/Form990PartVIISectionAGrp/TitleTxt24Dir. Fin&Admin
IRS990/Form990PartVIISectionAGrp/TitleTxt25Assoc. Dir.
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IRS990/MissionDesc0PENCIL is the leader in creating innovative and impactful models of collaboration between the business and education communities. PENCIL works at the intersection of school needs and business expertise to bring together the best ideas, talent, and resources across sectors to improve public student and school performance and enhance workforce pathways.
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,659,473
Liabilities
$163,111
Net assets
$2,496,362
Revenue
$2,846,068
Expenses
$3,126,886
Net income
-$280,818
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.31$1.78$2.64$3.35$0.72
2023Detailed filing. Detailed filing data is available for this year.$3.08$0.58$2.50$3.51$3.43$0.07
2022Detailed filing. Detailed filing data is available for this year.$2.68$0.25$2.43$3.10$3.01$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.40$0.04$2.36$3.06$2.73$0.33
2020Detailed filing. Detailed filing data is available for this year.$2.19$0.10$2.08$2.83$2.95$0.12
2019Detailed filing. Detailed filing data is available for this year.$2.23$0.03$2.20$2.83$2.97$0.13
2018Detailed filing. Detailed filing data is available for this year.$2.32$0.02$2.30$3.06$2.85$0.21
2017Detailed filing. Detailed filing data is available for this year.$2.17$0.07$2.10$2.86$2.88$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.66$0.16$2.50$2.85$3.13$0.28
2015Detailed filing. Detailed filing data is available for this year.$3.14$0.37$2.77$3.66$3.91$0.26
2014Summary only. Only limited summary data is available for this year.$3.42$0.39$3.03$2.50$4.06$1.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$0.31$5.04$3.62
2012Summary only. Only limited summary data is available for this year.$5.27$0.32$4.95$3.73$3.49$0.24
2011Summary only. Only limited summary data is available for this year.$5.02$0.32$4.70$2.68$2.84$0.16