Civic Intelligence

Pencil Inc.

990 • Fiscal year 2019 • EIN 22-3384302

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 18, 2020

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

86th percentile

0.01x

Higher debt load relative to assets than 86% of similar nonprofits.

2019 filings • NTEE T • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

81st percentile

0.01x

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

2019 filings • NTEE T • $1M-$5M nonprofits • Source year 2019

Net Margin

44th percentile

-4.7%

Higher net margin than 44% of similar nonprofits.

2019 filings • NTEE T • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

98th percentile

$247,467

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2019 filings • NTEE T • $1M-$5M nonprofits • Source year 2019

Asset Growth

23rd percentile

-4.1%

Faster asset growth than 23% of similar nonprofits.

2019 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

43rd percentile

-7.3%

Faster revenue growth than 43% of similar nonprofits.

2019 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,228,211

Down $95,770 (-4.1%) from 2018

Net Assets

Down

$2,195,637

Down $105,430 (-4.6%) from 2018

Liabilities

Up

$32,574

Up $9,660 (+42%) from 2018

Revenue

Down

$2,833,626

Down $222,381 (-7.3%) from 2018

Expenses

Up

$2,965,690

Up $120,509 (+4.2%) from 2018

Net Income

Down

-$132,064

Down $342,890 (-163%) from 2018

Historical Trend

Balance Sheet Trend

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

2019

Assets$2,228,211
Liabilities$32,574
Net Assets$2,195,637

Operations Trend

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

2019

Revenue$2,833,626
Expenses$2,965,690
Net Income-$132,064
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 18, 2020
Return Version
2019v5.0
Gross Receipts
$3,134,364
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,340,188$1,439,187▲ $98,999
Pledges and Grants Receivable$597,275$386,666▼ $210,609
Cash and Non-Interest-Bearing Accounts$326,693$345,312▲ $18,619
Land, Buildings, and Equipment, Net$13,294$14,379▲ $1,085
Prepaid Expenses and Deferred Charges$3,864$0▼ $3,864
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$2,323,981$2,228,211▼ $95,770
Other Assets Total$42,667$42,667→ $0
Liabilities
Accounts Payable and Accrued Expenses$17,608$17,134▼ $474
Other Liabilities$5,306$15,440▲ $10,134
Total Liabilities$22,914$32,574▲ $9,660
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,840,567$1,777,237▼ $63,330
Net Assets With Donor Restrictions$460,500$418,400▼ $42,100
Total Net Assets Fund Balance$2,301,067$2,195,637▼ $105,430
Total Liabilities and Net Assets / Fund Balance$2,323,981$2,228,211▼ $95,770

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,287$705,238-
Leasehold Improvements$92$591,577-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregg BetheilPresidentFT$214,225$33,242$247,467
Jessica BynoeChief Strat OffFT$166,499$13,931$180,430
Marilyn FogartyVP of Fin&AdminFT$128,900$2,743$131,643
Katje KingSr. Program Off.FT$112,286$12,889$125,175
Revenue and Support

Revenue Composition

Contributions and Grants
$2,811,679
Program Service Revenue
$0
Investment Income
$21,947
Other Revenue
$0
All Other Contributions
$1,189,245
Change in Net Assets
$-132,064

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,833,626
Revenue Not Reported on Form 990
$140,422
Total Revenue per Audited Statements
$2,974,048
Total Revenue per Form 990
$2,833,626
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,236,806
Other Expenses$673,884
Total Fundraising Expense$650,974
Professional Fundraising Fees$55,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,133,194$58,913$231,774$1,423,881
Occupancy$281,043$36,157$75,289$392,489
Current Officers, Directors, Trustees, and Key Employees$162,767$107,815$115,403$385,985
Other Employee Benefits$208,543$26,829$55,866$291,238
Payroll Taxes$97,170$12,501$26,031$135,702
Information Technology$47,972$6,172$12,851$66,995
Fees for Services Professional Fundraising--$55,000$55,000
Fees for Services Other$7,165$18,422$8,071$33,658
Travel$29,849$679$1,455$31,983
Insurance$17,682$2,275$4,737$24,694
Other Expenses$7,860$858$1,785$10,503
All Other Expenses-$10,300-$10,300
Depreciation Depletion$6,417$826$1,719$8,962
Total Functional Expenses$2,028,531$286,185$650,974$2,965,690

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,079,478
Expenses per Audited Statements$2,965,690
Total Expenses per Form 990$2,965,690
Expenses Not Reported on Form 990$113,788
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$112,592
Fundraising Gross Income$112,592
Professional Fundraising Fees$55,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$1,107,026$112,592-$112,592
Total Events$1,107,026$112,592$112,592-
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$15,440
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 4: Description of Significant Changes to Organizational Documents

January 2019Amended section 3.01, Powers and Number, to clarify that there should be no fewer than 3 Board members, and to increase the size of the Board to 30 persons. Amended section 5.01, Chairs; Vice Chairs; Chair-Elect to create a Chair-Elect position on the Board. The Chair-Elect role was created to support succession planning and enable the future Chair of the Board to prepare for their role in a timely fashion.September 2019Amended section 3.08, Chair Emeritus, to clarify the roles relationship to the Board and that voting rights and duties are applicable to a Chair Emeritus who continues to be an elected member of the Board.

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 15A: Compensation Review & Approval Process - CEO, Top Management

Each year, the Executive 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 Board of Directors reflect the nature of this process.

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

Each year, the Leadership Team reviews comparable salaries based on a recognized study and reviews the performance of employees to determine if salaries fall within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is included in the annual budget and reviewed by the Audit & Finance Committee. The minutes of the Board of Directors reflect the nature of this process.

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

Organizational documents are made available on the Pencil website.

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
2020-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregg Betheil
Legal Domicile
Ny
Voting Board Members
25
Independent Board Members
25
Employees
28
Volunteers
1,400

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 September 30, 2016 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/Form990PartVIISectionAGrp/PersonNm0Gregg Betheil
IRS990/Form990PartVIISectionAGrp/PersonNm1Jessica Bynoe
IRS990/Form990PartVIISectionAGrp/PersonNm2Marilyn Fogarty
IRS990/Form990PartVIISectionAGrp/PersonNm3Katje King
IRS990/Form990PartVIISectionAGrp/PersonNm4Christopher B Hayward
IRS990/Form990PartVIISectionAGrp/PersonNm5Susan Cosgrove
IRS990/Form990PartVIISectionAGrp/PersonNm6Lewis Warren Jr
IRS990/Form990PartVIISectionAGrp/PersonNm7Abbe Raven
IRS990/Form990PartVIISectionAGrp/PersonNm8E Scott Beattie
IRS990/Form990PartVIISectionAGrp/PersonNm9Gerd Alexander
IRS990/Form990PartVIISectionAGrp/PersonNm10Chancellor Richard A Carranza
IRS990/Form990PartVIISectionAGrp/PersonNm11Howard Chatzinoff
IRS990/Form990PartVIISectionAGrp/PersonNm12Nicole Degnan
IRS990/Form990PartVIISectionAGrp/PersonNm13Adam Elster
IRS990/Form990PartVIISectionAGrp/PersonNm14John Fosina
IRS990/Form990PartVIISectionAGrp/PersonNm15Linda Gadsby
IRS990/Form990PartVIISectionAGrp/PersonNm16Scrates Jimnez
IRS990/Form990PartVIISectionAGrp/PersonNm17Debbie Kenyon
IRS990/Form990PartVIISectionAGrp/PersonNm18Joanna Lambert
IRS990/Form990PartVIISectionAGrp/PersonNm19Lew Leone
IRS990/Form990PartVIISectionAGrp/PersonNm20Cindy Ma
IRS990/Form990PartVIISectionAGrp/PersonNm21Michael Maslansky
IRS990/Form990PartVIISectionAGrp/PersonNm22Gloria McCarthy
IRS990/Form990PartVIISectionAGrp/PersonNm23Shael Polakow-Suransky
IRS990/Form990PartVIISectionAGrp/PersonNm24Mitchell M Roschelle
IRS990/Form990PartVIISectionAGrp/PersonNm25Stuart Ruderfer
IRS990/Form990PartVIISectionAGrp/PersonNm26Joe Scantlebury
IRS990/Form990PartVIISectionAGrp/PersonNm27Jason E Silvers
IRS990/Form990PartVIISectionAGrp/PersonNm28Bernard Tubiana
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chief Strat Off
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP of Fin&Admin
IRS990/Form990PartVIISectionAGrp/TitleTxt3Sr. Program Off.
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director
IRS990/Form990PartVIISectionAGrp/TitleTxt25Director
IRS990/Form990PartVIISectionAGrp/TitleTxt26Director
IRS990/Form990PartVIISectionAGrp/TitleTxt27Director
IRS990/Form990PartVIISectionAGrp/TitleTxt28Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt0994434
IRS990/FundraisingDirectExpensesAmt0112592
IRS990/FundraisingGrossIncomeAmt0112592
IRS990/GainOrLossGrp/SecuritiesAmt0-195
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt025
IRS990/GovernmentGrantsAmt0628000
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/IncludeFIN48FootnoteInd0true
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IRS990/InformationTechnologyGrp/TotalAmt066995
IRS990/InsuranceGrp/FundraisingAmt04737
IRS990/InsuranceGrp/ManagementAndGeneralAmt02275
IRS990/InsuranceGrp/ProgramServicesAmt017682
IRS990/InsuranceGrp/TotalAmt024694
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt01439187
IRS990/IRPDocumentCnt01
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IRS990/JointCostsInd0X
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IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0New 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.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02301067
IRS990/NetAssetsOrFundBalancesEOYAmt02195637

Document Assets

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Filings

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