Civic Intelligence

Pencil Inc.

990 • Fiscal year 2021 • EIN 22-3384302

Jan 01, 2021 to Dec 31, 2021 • Filed on May 12, 2022

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

88th percentile

0.02x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • NTEE T • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.01x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • NTEE T • $1M-$5M nonprofits • Source year 2021

Net Margin

42nd percentile

11%

Higher net margin than 42% of similar nonprofits.

2021 filings • NTEE T • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

98th percentile

$252,321

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 8.3% of source-year revenue.

2021 filings • NTEE T • $1M-$5M nonprofits • Source year 2021

Asset Growth

66th percentile

10.0%

Faster asset growth than 66% of similar nonprofits.

2021 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

36th percentile

7.9%

Faster revenue growth than 36% of similar nonprofits.

2021 filings • NTEE T • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,403,327

Up $217,685 (+10.0%) from 2020

Net Assets

Up

$2,360,081

Up $276,144 (+13%) from 2020

Liabilities

Down

$43,246

Down $58,459 (-57%) from 2020

Revenue

Up

$3,055,640

Up $223,828 (+7.9%) from 2020

Expenses

Down

$2,725,067

Down $229,603 (-7.8%) from 2020

Net Income

Up

$330,573

Up $453,431 (+369%) from 2020

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

2021

Assets$2,403,327
Liabilities$43,246
Net Assets$2,360,081

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

2021

Revenue$3,055,640
Expenses$2,725,067
Net Income$330,573
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 12, 2022
Return Version
2021v4.0
Gross Receipts
$2,911,211
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$1,392,003$1,380,342▼ $11,661
Pledges and Grants Receivable$225,634$602,549▲ $376,915
Cash and Non-Interest-Bearing Accounts$509,667$365,648▼ $144,019
Land, Buildings, and Equipment, Net$15,671$12,121▼ $3,550
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,185,642$2,403,327▲ $217,685
Other Assets Total$42,667$42,667→ $0
Liabilities
Deferred Revenue$37,800--
Accounts Payable and Accrued Expenses$44,624$26,543▼ $18,081
Other Liabilities$19,281$16,703▼ $2,578
Total Liabilities$101,705$43,246▼ $58,459
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,652,937$1,898,081▲ $245,144
Net Assets With Donor Restrictions$431,000$462,000▲ $31,000
Total Net Assets Fund Balance$2,083,937$2,360,081▲ $276,144
Total Liabilities and Net Assets / Fund Balance$2,185,642$2,403,327▲ $217,685

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,119$75,375-
Leasehold Improvements$2$591,667-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregg BetheilPresidentFT$220,824$31,497$252,321
Jessica BynoeChief Strat OffFT$177,714$12,976$190,690
Marilyn FogartyVP of Fin&AdminFT$135,450$3,044$138,494
Katje KingSr. Program Off.FT$114,285$11,732$126,017

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,015,456
Program Service Revenue
$0
Investment Income
$40,184
Other Revenue
$0
All Other Contributions
$2,315,439
Change in Net Assets
$330,573

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,055,640
Revenue Not Reported on Form 990
$32,215
Total Revenue per Audited Statements
$3,087,855
Total Revenue per Form 990
$3,055,640
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,173,608
Other Expenses$551,459
Total Fundraising Expense$487,898
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,080,682$96,508$198,564$1,375,754
Other Employee Benefits$275,653$49,485$72,345$397,483
Current Officers, Directors, Trustees, and Key Employees$148,469$124,145$124,027$396,641
Occupancy$260,384$46,744$68,339$375,467
Information Technology$49,237$8,839$12,922$70,998
Insurance$19,047$3,419$4,999$27,465
Fees for Services Other$7,781$16,151$1,098$25,030
Depreciation Depletion$6,615$1,187$1,736$9,538
Travel$10,394$555$-6,320$4,629
Payroll Taxes$2,587$464$679$3,730
Other Expenses$1,541$1,086$336$2,963
All Other Expenses$945$170$249$1,364
Total Functional Expenses$1,878,478$358,691$487,898$2,725,067

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,811,711
Expenses per Audited Statements$2,725,067
Total Expenses per Form 990$2,725,067
Expenses Not Reported on Form 990$86,644
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
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$16,703
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

Section 3.07 of the bylaws was changed to designate a New York City Public School Principal as an ex officio member of the PENCIL 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
2022-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregg Betheil
Legal Domicile
Ny
Voting Board Members
23
Independent Board Members
23
Employees
22
Volunteers
1,100

Preparer

Firm
Schall & Ashenfarb Cpas LLC
Address
307 FIFTH AVE 15TH FL, NEW YORK, NY 10016
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 December 31, 2018 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 2021, PENCIL connected 5,394 NYC students to 1,100 volunteers and mentors from 177 business. PENCIL held all programming virtually as a result of the on-going COVID-19 pandemic. PENCILs Partnership Program served 1,012 students across 33 New York City public schools by leveraging the talents and resources of NYCs business community to improve students college and career readiness. These partnerships were supported by 534 volunteers from 27 companies. 75% of students saw improvement in one or more of Pencils Keys to Success. Analysis of session feedback showed:90% of surveyed students felt more confident introducing themselves in a professional setting97% felt more confident they could successfully interview for a job95% agreed that working with mentors helped them better understand the options they have after they graduate97% understood how their professional brand could influence their career path With the support of 207 volunteers from 56 businesses, PENCIL served over 1,115 students through Open-Source Sessions. Open to all students from our partner schools, these 79 virtual sessions filled a gap in instruction during New York Citys transition to distance learning and provided access to corporate volunteers that teachers could not achieve alone. 96% of surveyed students agreed that the session helped them think about future aspirations97% of students felt more confident that they could succeed after graduation. PENCIL virtually hosted Principal For A Day the week of April 26th. These events created space for school principals and business executives to learn from one another and reflect on the impact of the pandemic, virtual work and learning, and the increased attention to injustice and systemic racism. Over 27 executives connected with 22 schools supporting an estimated 301 teachers and 2,502 students through these interactive sessions.Over the Summer, PENCIL placed 346 students in internship and other paid work-based experiences. PENCIL placed 269 students in six-week remote or in-person internships at 101 businesses across New York City. PENCIL provided 76 additional students with virtual paid work-based experiences through two programs (Career Explorers, and NYC Tech). An additional 690 students also received college and career training through PENCIL's programs. Overall, 422 volunteers from 26 companies participated in 93 virtual training events to connect students to success.Of the 2021 summer cohort, 90% of students saw improvement in one or more of Pencils Keys to Success. In total, participants received over $778,000 in wages. Business mentors and student interns also report that the Internship program had a positive impact on participants communication skills, networking skills, professional skills, and their career awareness and planning.
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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/PersonNm10Mariel Cruz
IRS990/Form990PartVIISectionAGrp/PersonNm11Howard Chatzinoff
IRS990/Form990PartVIISectionAGrp/PersonNm12Nicole Degnan
IRS990/Form990PartVIISectionAGrp/PersonNm13John Fosina
IRS990/Form990PartVIISectionAGrp/PersonNm14Jeremy Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm15Scrates Jimnez
IRS990/Form990PartVIISectionAGrp/PersonNm16Debbie Kenyon
IRS990/Form990PartVIISectionAGrp/PersonNm17Joanna Lambert
IRS990/Form990PartVIISectionAGrp/PersonNm18Lew Leone
IRS990/Form990PartVIISectionAGrp/PersonNm19Cindy Ma
IRS990/Form990PartVIISectionAGrp/PersonNm20Michael Maslansky
IRS990/Form990PartVIISectionAGrp/PersonNm21Ron Rudzin
IRS990/Form990PartVIISectionAGrp/PersonNm22Shael Polakow-Suransky
IRS990/Form990PartVIISectionAGrp/PersonNm23Mitchell M Roschelle
IRS990/Form990PartVIISectionAGrp/PersonNm24Stuart Ruderfer
IRS990/Form990PartVIISectionAGrp/PersonNm25Jason E Silvers
IRS990/Form990PartVIISectionAGrp/PersonNm26Bernard 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
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GovernmentGrantsAmt0700017
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/GrantsToOrganizationsInd0false
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IRS990/InformationTechnologyGrp/ProgramServicesAmt049237
IRS990/InformationTechnologyGrp/TotalAmt070998
IRS990/InsuranceGrp/FundraisingAmt04999
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IRS990/InterestGrp/TotalAmt00
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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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
Peer Organizations

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