Fund For Public Schools Inc
- Assets
- $69.1m
- Revenue
- $27.7m
- Investments
- $1.2m
- Employees
- 8
- Location
- New York, NY
- Founding
- 01/1984
- Data as of
- 06/2021
- EIN
- 11-2656137
Organization Overview
Fund For Public Schools Inc is located in New York, NY. The organization was established in 1984. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Fund For Public Schools Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Public Schools Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Fund For Public Schools Inc generated $27.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $39.0m during the year ending 06/2021. While expenses have increased by 10.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND FOR PUBLIC SCHOOLS IS DEDICATED TO SUPPORTING NEW YORK CITY'S PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND FOR PUBLIC SCHOOLS FACILITATES PARTNERSHIPS, GRANTS, AND OTHER SUPPORT BETWEEN THE PHILANTHROPIC COMMUNITY AND THE NYC DEPARTMENT OF EDUCATION TO PILOT INNOVATIVE PROJECTS; ACCELERATE PROMISING, OUTCOME-DRIVEN INITIATIVES; AND RESPOND QUICKLY AND STRATEGICALLY TO EMERGING NEEDS ACROSS THE NYC PUBLIC SCHOOL SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Shapiro CEO | Officer | 35 | $244,582 |
Kurt Sung CFO | Officer | 35 | $170,546 |
Stephen Cockrell Chief Stratgey Officer (from 7/20) | Officer | 35 | $76,007 |
Simon Chiew Chief Of Staff (from 7/20) | Officer | 35 | $63,910 |
Meisha Ross Porter Chairman (from 3/15/21) | OfficerTrustee | 2 | $0 |
Richard Carranza Chairman (to 3/14/21) | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rebecca Stilwell Educational Services | 6/29/21 | $128,600 |
Tasheena Johnson Educational Services | 6/29/21 | $113,269 |
Gregory Filling Educational Services | 6/29/21 | $109,513 |
K20connect Llc Educational Services | 6/29/21 | $103,998 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,199,280 |
| Investment income | $430,187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,171 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,701,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $717,199 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,519 |
| Pension plan accruals and contributions | $54,035 |
| Other employee benefits | $148,723 |
| Payroll taxes | $75,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $202,007 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,959 |
| All other expenses | $0 |
| Total functional expenses | $38,997,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,124,678 |
| Pledges and grants receivable | $20,840,160 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $18,991,929 |
| Investments—other securities | $1,160,453 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,626 |
| Total assets | $69,123,846 |
| Accounts payable and accrued expenses | $200,403 |
| Grants payable | $20,358,429 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,558,832 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $48,565,014 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fund For Public Schools Inc has recieved totaling $72,900.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $72,900 |
Endowment Analysis
| Beg. Balance | $2,623,459 |
| Earnings | $409,458 |
| Other Expense | $9,717 |
| Ending Balance | $3,023,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Public Schools Inc New York, NY | $69,123,846 | $27,701,638 |
National Collegiate Inventors & Innovators Alliance Hadley, MA | $19,763,432 | $45,805,073 |
Ernst & Young Foundation New York, NY | $39,971,970 | $27,635,064 |
Kipp New York Inc New York, NY | $134,718,837 | $36,118,873 |
Nellie Mae Education Foundation Inc Quincy, MA | $585,493,964 | $94,584,276 |
Say Yes Buffalo Scholarship Inc Buffalo, NY | $26,879,466 | $14,014,941 |
The Heckscher Foundation For Children New York, NY | $236,760,119 | $11,760,357 |
United Federation Of Teachers Educational Foundation Inc New York, NY | $18,651,586 | $11,866,585 |
Vista Foundation Hershey, PA | $12,658,681 | $12,905,128 |
Caroline & Joseph S Gruss Life Monument Funds Inc New York, NY | $48,124,527 | $2,679,769 |
Storehouse For Teachers Pittsburgh, PA | $4,365,823 | $11,202,988 |
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |