PENCILS OF PROMISE INCORPORATED

EIN: 263618722 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$3,470,681
Total Expenses
$3,887,849
Total Assets
$1,819,029
Net Assets
$1,783,928
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CT
Principal Officer
KAILEE SCALES
Phone
2127773170
Tax Period
2023-01-01 to 2023-12-31

PENCILS OF PROMISE INCORPORATED, founded in 2008, is a community nonprofit in the International Affairs sector that reported $3.5M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,833,497
Program Service Revenue $0
Investment Income $0
Other Revenue $-362,816
TOTAL REVENUE $3,470,681

Expense Breakdown

Grants Paid $5,121
Salaries & Benefits $1,847,997
Fundraising Expenses $362,713
Program Expenses $3,191,568
Other Expenses $2,034,731
TOTAL EXPENSES $3,887,849

Year-over-Year Comparison

2023 2022 Change
Revenue $3,470,681 $5,416,234 -0.4%
Expenses $3,887,849 $5,829,396 -0.3%
Net Income $-417,168 $-413,162 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
9
Employees
15
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$310,894
Total Directors
10
$29,056
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM BRAUN CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT HAMWEE TREASURER 1.00
Officer Director
$0 $0 $0
JASON HODES MEMBER 1.00
Director
$0 $0 $0
COURTNEY BEALE MEMBER 1.00
Director
$0 $0 $0
GABRIEL BOURGEOIS MEMBER 1.00
Director
$0 $0 $0
PHITSAMAY S UY MEMBER 1.00
Director
$0 $0 $0
ASTRID WOMBLE MEMBER 1.00
Director
$0 $0 $0
GARY VAYNERCHUK MEMBER 1.00
Director
$0 $0 $0
TAMMY FARLEY MEMBER 1.00
Director
$0 $0 $0
LESLIE ENGLE YOUNG SECRETARY/CHIEF OPERATING OFFICER 50.00
Officer Director
$28,188 $868 $29,056
KAILEE SCALES CHIEF EXECUTIVE OFFICER 50.00
Officer
$256,685 $25,153 $281,838
JULIE BAKER CHIEF DEVELOPMENT OFFICER 50.00
Highest
$116,492 $9,043 $125,535
BRAD WISDOM CHIEF GLOBAL ADVANCEMENT OFFICER 50.00
Highest
$109,163 $9,043 $118,206
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,470,681 $3,887,849 $1,819,029 $-417,168
2022 $5,416,234 $5,829,396 $2,347,880 $-413,162
2021 $5,028,626 $6,811,563 $2,961,527 $-1,782,937
2020 $5,352,983 $5,438,761 $4,634,038 $-85,778
2019 $6,611,589 $7,025,360 $4,814,362 $-413,771
2018 $6,681,995 $8,469,794 $5,309,032 $-1,787,799
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