Pencil Foundation is located in Nashville, TN. The organization was established in 1982. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Pencil Foundation employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pencil Foundation 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 06/2022, Pencil Foundation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $6.8m during the year ending 06/2022. While expenses have increased by 15.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LINK COMMUNITY RESOURCES TO METRO PUBLIC SCHOOL STUDENTS TO HELP THEM SUCCEED & PREPARE FOR LIFE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENCIL PARTNERS ARE BUSINESSES AND ORGANIZATIONS COMMITTED TO STUDENT SUCCESS THROUGH ORGANIZED, COORDINATED ACTIVITIES THAT MATCH THE UNIQUE ATTRIBUTES OF EACH PARTNER WITH THE SPECIFIC NEEDS OF EACH SCHOOL OR ACADEMY. BY LEVERAGING OUR WIDE NETWORK OF BUSINESS CONTACTS AND COMPREHENSIVE KNOWLEDGE OF NASHVILLE SCHOOLS, PENCIL CONNECTS BUSINESSES AND SCHOOLS IN CUSTOMIZED, MEANINGFUL WAYS THAT DIRECTLY HELP METRO STUDENTS ACHIEVE SUCCESS IN SCHOOL AND IN LIFE. WE MANAGE THESE RELATIONSHIPS BY FACILITATING COMMUNICATION, PROVIDING ACTIVITY IDEAS, SUPPORTING VOLUNTEER MANAGEMENT, AND HELPING THE SCHOOL AND PARTNER DEVELOP A YEAR-LONG ACTION PLAN. IN ADDITION, PENCIL HOSTS THE PENCILMEIN615.ORG WEBSITE WHERE SCHOOLS, PARTNERS, AND INDIVIDUALS LOG THEIR VOLUNTEER HOURS AND IN-KIND GIFTS. IN FY22 WE EXPANDED PENCIL CONNECT, AN ONLINE PLATFORM WHERE COMMUNITY MEMBERS CAN REGISTER FOR SCHOOL-BASED SERVICE OPPORTUNITIES THAT CELEBRATE STUDENTS, DEMONSTRATE APPRECIATION FOR TEACHERS, AND ENGAGE FAMILIES, AS WELL AS CONNECT INDUSTRY EXPERTS TO STUDENTS FOR CAREER EXPLORATION EXPERIENCES
THE DG PENCIL BOX EXISTS TO REMOVE BARRIERS TO LEARNING FOR METRO STUDENTS BY ENSURING CLASSROOMS ARE STOCKED WITH NECESSARY SUPPLIES - AND SO TEACHERS DON'T HAVE TO SPEND THEIR OWN MONEY TO PURCHASE THESE SUPPLIES. IN FY22, WE BROADENED ACCESSIBILITY TO CORE SCHOOL SUPPLIES FOR MNPS TEACHERS BY OPENING A SECOND, SATELLITE LOCATION OF OUR DG PENCIL BOX IN ANTIOCH. BETWEEN OUR TWO SITES, THE DG PENCIL BOX LOGGED 2,900 UNIQUE SHOPPING VISITS AND GAVE AWAY OVER $1.4M IN PRODUCT TO IN-PERSON SHOPPERS. ADDITIONALLY, WE DISTRIBUTED $1.55M OF PRODUCT VIA DELIVERIES, POP-UPS, AND OTHER DISTRIBUTIONS MAKING THE 2021-22 SCHOOL YEAR OUR LARGEST EVER AT $2.95M, UP $400K OVER THE PREVIOUS YEAR. THROUGH OUR SUMMER TOGETHER 4 TEACHERS PROJECT, WE CELEBRATED NEARLY 5,000 METRO TEACHERS AND ENSURED THEY RECEIVED BAGS OF HIGHLY REQUESTED ESSENTIAL EDUCATIONAL MATERIALS. WE ALSO SUPPORTED MNPS AS THEY HOSTED A TEACHER PEP RALLY WITH AT LEAST 1,000 EDUCATORS BEFORE CLASSES BEGAN
PENCIL SLOWLY ENTERED THE WORK OF BEING A GRANTMAKING PARTNER TO MNPS BY PASSING-THROUGH $1.67M IN FUNDS TO SUPPORT THE ACCELERATING SCHOLARS INITIATIVE AND ITS FOCUS ON HIGH-IMPACT TUTORING. OUR GRANTMAKING PARTNERSHIP WORK WILL CONTINUE TO GROW AND EVOLVE IN THE FUTURE AS WE SUPPORT THE STRATEGIC PLAN OF MNPS BY RECRUITING FINANCIAL RESOURCES TO SUPPORT KEY INITIATIVES.
PENCIL'S FOUR SCHOOL-BASED FAMILY RESOURCE CENTERS (FRCS) FOCUSED ON HELPING VULNERABLE STUDENTS AND THEIR FAMILIES ACCESS BASIC RESOURCES AND SERVICES SUCH AS GED AND ENGLISH LANGUAGE CLASSES, COUNSELING, EYE EXAMS, AND MORE WITH THE HELP OF PENCIL PARTNERS. THE PENCIL TEAM WORKED CLOSELY WITH MNPS LEADERS AS WE SMOOTHLY TRANSITIONED OPERATION OF OUR FOUR FRCS TO FAMILY AND CHILDREN SERVICES IN JUNE OF 2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Angie Adams President | Officer | 40 | $173,196 |
Norman L Merrifield Chair | OfficerTrustee | 3 | $0 |
Brandyn Payne Immediate Past Chair | OfficerTrustee | 2 | $0 |
Juan Williams Treasurer | OfficerTrustee | 2 | $0 |
Robyn Williams Secretary | OfficerTrustee | 2 | $0 |
Allen Decuyper Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $257,580 |
Related organizations | $0 |
Government grants | $362,891 |
All other contributions, gifts, grants, and similar amounts not included above | $6,465,022 |
Noncash contributions included in lines 1a–1f | $3,170,802 |
Total Revenue from Contributions, Gifts, Grants & Similar | $7,085,493 |
Total Program Service Revenue | $0 |
Investment income | $36,736 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $5,601 |
Net Income from Fundraising Events | -$6,275 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $7,143,023 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,624,876 |
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. | $187,786 |
Compensation of current officers, directors, key employees. | $28,168 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,189,485 |
Pension plan accruals and contributions | $30,277 |
Other employee benefits | $98,326 |
Payroll taxes | $100,941 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $34,088 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $7,627 |
Fees for services: Other | $97,048 |
Advertising and promotion | $0 |
Office expenses | $50,199 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $38,571 |
Travel | $6,840 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $35,190 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $51,394 |
Insurance | $21,052 |
All other expenses | $0 |
Total functional expenses | $6,815,670 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $709,387 |
Savings and temporary cash investments | $45,044 |
Pledges and grants receivable | $1,359,937 |
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 | $512,725 |
Prepaid expenses and deferred charges | $100,340 |
Net Land, buildings, and equipment | $250,005 |
Investments—publicly traded securities | $955,856 |
Investments—other securities | $58,399 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,991,693 |
Accounts payable and accrued expenses | $1,433,102 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,433,102 |
Net assets without donor restrictions | $1,836,505 |
Net assets with donor restrictions | $722,086 |
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 | $3,991,693 |
Over the last fiscal year, we have identified 18 grants that Pencil Foundation has recieved totaling $703,889.
Awarding Organization | Amount |
---|---|
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: YOUTH LITERACY PARTNER | $175,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
United Way Of Middle Tennessee Inc Nashville, TN PURPOSE: PROGRAM OPNS (OBI) | $94,745 |
Scarlett Family Foundation Nashville, TN PURPOSE: OPERATIONS SUPPORT | $82,500 |
Scarlett Family Foundation Nashville, TN PURPOSE: SUPPORT FOR OPERATIONS | $55,000 |
Dan And Margaret Maddox Charitable Fund Nashville, TN PURPOSE: TO PROVIDE CORE MISSION SUPPORT. | $30,500 |
Beg. Balance | $187,292 |
Earnings | -$37,431 |
Net Contributions | $250,523 |
Grants | $3,524 |
Ending Balance | $396,860 |
Organization Name | Assets | Revenue |
---|---|---|
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
North Mississippi Education Consortion University, MS | $2,578,004 | $9,299,460 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Edreports Org Inc Durham, NC | $5,799,627 | $6,182,160 |
American School Counselor Association Alexandria, VA | $7,066,172 | $7,522,290 |