Pencils Of Promise Incorporated is located in New York, NY. The organization was established in 2009. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Pencils Of Promise Incorporated employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pencils Of Promise Incorporated 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 12/2021, Pencils Of Promise Incorporated generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $6.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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
AT PENCILS OF PROMISE, INC. ("POP"), WE BELIEVE EVERY CHILD DESERVES ACCESS TO QUALITY EDUCATION. WE CREATE SCHOOLS, PROGRAMS AND GLOBAL COMMUNITIES AROUND THE COMMON GOAL OF EDUCATION FOR ALL. WE ACCOMPLISH THESE ACTIVITIES BY DEDICATING SIGNIFICANT AMOUNTS OF TIME, LABOR AND EFFORT RAINING MONEY IN THE U.S. THROUGH YOUTH AND PROFESSIONAL ENGAGEMENT PROGRAMS AND SPECIAL EVENTS. THE FUNDS RAISED ALLOW US TO INCREASE OUR DOMESTIC AND INTERNATIONAL REACH AND IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FIRST OF OUR CORE PROGRAMS ARE SCHOOL BUILDS. WE PARTNER WITH LOCAL COMMUNITIES AND GOVERNMENTS TO IMPROVE THE STATE OF EDUCATION INFRASTRUCTURE IN COMMUNITIES. OUR SHORT-TERM GOALS ARE TO ADDRESS THE NEED FOR AN IMPROVED INFRASTRUCTURE WITHOUT LONG-TERM GOALS BEING TO IMPROVE STUDENT ATTENDANCE, PROGRESSION, AND TEST SCORES. THE BENEFICIARIES OF OUR SCHOOL BUILDING PROGRAM ARE PRIMARY SCHOOL STUDENTS CURRENTLY ATTENDING SCHOOL IN POOR-QUALITY STRUCTURES AND PRIMARY SCHOOL TEACHERS CURRENTLY TEACHING IN POOR-QUALITY STRUCTURES. THROUGH THE END OF 2021, WE HAVE BROKEN GROUND ON A TOTAL OF 585 SCHOOLS ACROSS OUR GEOGRAPHIES.
OUR SECOND CORE PROGRAM IS TEACHER SUPPORT. WE SUPPORT TEACHER DEVELOPMENT THROUGH IN-SERVICE AND WORKSHOP TRAINING SESSIONS. OUR STAFF MEMBERS VISIT GOVERNMENT TEACHERS IN OUR COMMUNITIES TWICE PER MONTH TO AID IN LESSON PLANNING, METHODOLOGY TRAINING, AND RAPPORT-BUILDING WITH STUDENTS. TEACHERS ATTEND WORKSHOPS FOR GROUP TRAINING AND NETWORK BUILDING. WE USE A METHODOLOGY OF TEACHING THAT FOCUSES ON THE ENGAGEMENT OF THE STUDENT BECAUSE MORE ENGAGED STUDENTS PERFORM AT A HIGHER LEVEL. THE SHORT-TERM GOALS OF OUR TEACHER SUPPORT PROGRAMS ARE: TO IMPROVE LESSON PLANNING BY ASSISTING TEACHERS IN THE CREATION AND USE OF LESSON PLANS; TO BUILD RAPPORT WITH STUDENTS BY ENCOURAGING TEACHERS TO ADOPT OUR INTERACTIVE METHODOLOGY TO BETTER ENGAGE STUDENTS; TO SUPPORT A PEER NETWORK OF TEACHERS THROUGH TEACHER TRAINING WORKSHOPS, AND TO PROVIDE CLASSROOMS WITH TEACHING AND LEARNING MATERIALS. OUR LONG-TERM GOAL IS TO INCREASE PRIMARY STUDENT SCORES IN LITERACY ACROSS ALL OUR GEOGRAPHIES. THE MAIN BENEFICIARIES OF OUR TEACHER SUPPORT PROGRAM ARE THE TEACHERS AND STUDENTS IN OUR SCHOOLS AND COMMUNITIES. THROUGH 2021, WE HAVE SUPPORTED 2,585 TEACHERS ACROSS LAOS, GUATEMALA, AND GHANA.
OUR THIRD CORE PROGRAM IS OUR WASH PROGRAM. WASH IS AN INTERNATIONALLY RECOGNIZED AND UTILIZED PROGRAM THAT IS DESIGNED TO PROVIDE ACCESS TO AND KNOWLEDGE ABOUT WATER, SANITATION, AND HYGIENE (WASH). UNICEF ADOPTED WASH IN 2005 AS THEIR PRIMARY INTERVENTION TO TACKLE HYGIENE NEEDS IN THE DEVELOPING WORLD; POP BEGAN WASH PRACTICES IN 2010 IN LAOS AND HAS SINCE EXPANDED TO GUATEMALA AND GHANA. IN CARRYING OUT THIS PROGRAM, WE BUILD STUDENT AND TEACHER SANITATION FACILITIES (HAND WASHING STATIONS AND BATHROOMS) IN CONJUNCTION WITH CLASSROOM BUILDS. IN ADDITION, OUR STAFF MEMBERS VISIT CLASSES TWICE PER MONTH DURING THE SCHOOL YEAR TO TEACH LESSONS RELATED TO WATER, SANITATION, AND HYGIENE. THE PRIMARY GOALS OF THIS PROGRAM ARE TO BUILD AND PROVIDE ACCESS TO QUALITY TOILETS, POTABLE WATER, AND HAND-WASHING STATIONS IN CONJUNCTION WITH POP SCHOOLS LACKING SUCH INFRASTRUCTURE. ADDITIONALLY, WE AIM TO INCREASE PROPER HYGIENIC AND SANITARY BEHAVIOR IN PRIMARY STUDENTS. THROUGH 2021, WE HAVE SUPPORTED 169 SCHOOLS WITH WASH PROGRAMMING.
POP ALSO OPERATES A GLOBAL COMMUNITY AND SCHOLARSHIP PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tanya Ramos Former Chief Executive Officer | 50 | $182,545 | |
Leslie Engle Young Chief Operating Officer | Officer | 50 | $153,905 |
Audrey Pass Senior Vp, External Affairs | 50 | $153,415 | |
Kailee Scales Chief Executive Officer | Officer | 50 | $127,308 |
Christopher Stanfill Managing Director, Strategic Initiatives | 50 | $120,712 | |
Linda Riefler Co-Chair | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Cfo Strategies Llc Accounting Services | 12/30/21 | $161,400 |
Adam Braun Goodpenny Ventures Llc Temporary Ceo Services | 12/30/21 | $151,935 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $100,537 |
Related organizations | $0 |
Government grants | $240,497 |
All other contributions, gifts, grants, and similar amounts not included above | $4,683,897 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,024,931 |
Total Program Service Revenue | $0 |
Investment income | $107 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $3,588 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,028,626 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $160,178 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $303,642 |
Compensation of current officers, directors, key employees. | $75,911 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,464,793 |
Pension plan accruals and contributions | $25,614 |
Other employee benefits | $116,835 |
Payroll taxes | $107,908 |
Fees for services: Management | $0 |
Fees for services: Legal | $30,783 |
Fees for services: Accounting | $201,677 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $576,959 |
Advertising and promotion | $33,068 |
Office expenses | $184,613 |
Information technology | $144,941 |
Royalties | $0 |
Occupancy | $176,730 |
Travel | $207,271 |
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 | $68,313 |
Insurance | $0 |
All other expenses | $58,631 |
Total functional expenses | $6,811,563 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,235,548 |
Savings and temporary cash investments | $77,582 |
Pledges and grants receivable | $346,000 |
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 | $177,786 |
Net Land, buildings, and equipment | $116,611 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,000 |
Total assets | $2,961,527 |
Accounts payable and accrued expenses | $67,509 |
Grants payable | $0 |
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 | $266,312 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $333,821 |
Net assets without donor restrictions | $2,281,706 |
Net assets with donor restrictions | $346,000 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,961,527 |
Over the last fiscal year, Pencils Of Promise Incorporated has awarded $99,434 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Seattle, WA PURPOSE: E-READERS FOR TEACHERS AND STUDENTS | $51,434 |
Washington, DC PURPOSE: E-READERS FOR TEACHERS AND STUDENTS | $48,000 |
Over the last fiscal year, we have identified 5 grants that Pencils Of Promise Incorporated has recieved totaling $649,376.
Awarding Organization | Amount |
---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $265,036 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $183,597 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $119,100 |
Thrivent Charitable Impact & Investing Appleton, WI PURPOSE: SCHOOL IN GUATEMALA | $50,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $31,643 |
Organization Name | Assets | Revenue |
---|---|---|
Trustees Of Robert College Of Istanbul New York, NY | $10,685,892 | $20,101,446 |
American School In London Foundation Princeton, NJ | $2,370,011 | $19,085,987 |
American Community School At Beirut -Lebanon New York, NY | $38,176,805 | $18,283,695 |
Global Hunger Project New York, NY | $18,451,641 | $18,515,873 |
Buildon Inc Stamford, CT | $19,130,694 | $16,459,828 |
Womens World Banking Inc New York, NY | $45,990,561 | $24,725,214 |
Innovation Africa New York, NY | $6,054,720 | $16,340,258 |
Near East Foundation Syracuse, NY | $16,218,674 | $15,526,282 |
Amref Health Africa Inc New York, NY | $11,305,543 | $22,534,673 |
International Schools Services Inc Princeton, NJ | $22,409,212 | $13,743,105 |
British Schools And Universities Foundation Inc New York, NY | $4,352,409 | $13,471,425 |
Istanbul International Community School Inc Princeton, NJ | $19,037,423 | $13,733,005 |