PENCIL FOUNDATION

EIN: 581475675 501(c)(3) Education

NASHVILLE, TN

Total Revenue
$12,624,104
Total Expenses
$12,717,186
Total Assets
$8,489,906
Net Assets
$3,008,679
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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
TN
Principal Officer
CHRISTIANE BUGGS
Phone
6152423167
Tax Period
2023-07-01 to 2024-06-30

PENCIL FOUNDATION, founded in 1982, is a mid-sized nonprofit in the Education sector that reported $12.6M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

PENCIL'S MISSION IS LINKING COMMUNITY RESOURCES TO METRO NASHVILLE PUBLIC SCHOOLS (MNPS) TO HELP YOUNG PEOPLE ACHIEVE ACADEMIC SUCCESS AND PREPARE FOR LIFE. AT PENCIL, WE ARE COMMITTED TO ENRICHING STUDENT SUCCESS THROUGH TANGIBLE, ACTIVE, AND ROBUST COMMUNITY PARNERSHIPS, MOST NOTABLY AS PENCIL PARTNERS. OUR PENCIL 2025 STRATEGIC PLAN IDENTIFIES ACTIVITIES BASED ON URGENT MNPS STUDENT AND EDUCATOR NEEDS, ENSURING WE WILL CONTINUE DEEPENING OUR SUPPORT TO NASHVILLE PUBLIC SCHOOLS. THIS WORK INCLUDES IMPROVING EDUCATOR ACCESS TO CRUCIAL CLASSROOM SUPPLIES; RECRUITING VOLUNTEERS TO SUPPORT SCHOOLS' STUDENT CELEBRATION, TEACHER APPRECIATION, AND FAMILY ENGAGEMENT ACTIVITIES; FACILITATING OUTSIDE GRANTS TO MNPS THAT SUPPORT THEIR STRATEGIC INITIATIVES (INCLUDING HIGH-IMPACT LITERACY TUTORING FOR STUDENTS IN GRADES 1-3); AND ELIMINATING GEOGRAPHIC AND SCHEDULING BARRIERS TO MENTORSHIP SUCCESS. IN FY24, PENCIL SECURED 27, 204 VOLUNTEER SERVICE HOURS IN SUPPORT OF SCHOOLS, VALUED AT $1.14M.

Program Service Accomplishments

Program 1
Expenses: $772,448 Revenue: $11,932

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...

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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 FY24, PENCIL ENGAGED 580 PARTNERS IN THIS WORK. IN ADDITION, PENCIL HOSTS THE PENCILMEIN615.ORG WEBSITE WHERE SCHOOLS, PARTNERS, AND INDIVIDUALS LOG THEIR VOLUNTEER HOURS AND IN-KIND GIFTS. WE CONTINUED TO GROW 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. IN FY24, PENCIL UTILIZED PENCIL CONNECT TO RECRUIT 199 INDIVIDUALS TO SUPPORT 188 UNIQUE VOLUNTEER EXPERIENCES AT 57 MNPS SCHOOLS.

Program 2
Expenses: $4,446,833

THE DG PENCIL BOX EXISTS TO REMOVE BARRIERS TO LEARNING FOR METRO STUDENTS BY ENSURING CLASSROOMS ARE STOCKED WITH NECESSARY SUPPLIES AND SO EDUCATORS DON'T HAVE TO SPEND THEIR OWN FUNDS ON SUPPLIES...

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THE DG PENCIL BOX EXISTS TO REMOVE BARRIERS TO LEARNING FOR METRO STUDENTS BY ENSURING CLASSROOMS ARE STOCKED WITH NECESSARY SUPPLIES AND SO EDUCATORS DON'T HAVE TO SPEND THEIR OWN FUNDS ON SUPPLIES. THROUGH GENEROUS DONATIONS FROM BUSINESSES, ORGANIZATIONS AND INDIVIDUALS, THE BOX IS STOCKED WITH ITEMS SUCH AS PENCILS, PENS, NOTEBOOKS, CRAYONS, SCISSORS, READING BOOKS, MANIPULATIVES, BACKPACKS AND MUCH MORE. EVERY MNPS EDUCATOR IS INVITED TO SHOP ONCE A MONTH AT OUR WEST NASHVILLE LOCATION THROUGHOUT THE SCHOOL YEAR. IN ADDITION, PENCIL STAFF AND VOLUNTEERS PROVIDE BROAD EDUCATOR ACCESS TO SUPPLIES THROUGH DIRECT-TO-SCHOOL DELIVERIES, POP-UPS, GIVEAWAYS, AND LARGE-SCALE TEACHER APPRECIATION PROJECTS INCLUDING TOGETHER 4 TEACHERS AND THANKS A MILLION. THE LP STEAM LENDING LIBRARY, PART OF THE DG PENCIL BOX PROGRAM, AIMS TO PROVIDE ELEMENTARY AND MIDDLE SCHOOL STUDENTS WITH EQUITABLE ACCESS TO STEAM RESOURCES. IN FY24, PENCIL DISTRIBUTED $2.91M IN FREE PRODUCT TO EDUCATORS AND PROVIDED 7,033 METRO STUDENTS IN 29 SCHOOLS ACCESS TO HIGH-QUALITY, HANDS ON STEAM LEARNING MATERIALS THROUGH OUR LENDING LIBRARY.

Program 3
Expenses: $6,779,670

GRANTS TO MNPS - PENCIL CONTINUES TO BE A GRANTMAKING PARTNER TO MNPS BY PASSING-THROUGH SIGNIFICANT FUNDS THAT SUPPORT THE ACCELERATING SCHOLARS INITIATIVE AND ITS FOCUS ON STUDENTACADEMIC GROWTH...

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GRANTS TO MNPS - PENCIL CONTINUES TO BE A GRANTMAKING PARTNER TO MNPS BY PASSING-THROUGH SIGNIFICANT FUNDS THAT SUPPORT THE ACCELERATING SCHOLARS INITIATIVE AND ITS FOCUS ON STUDENTACADEMIC GROWTH. FOR EXAMPLE, IN FY24, PENCIL-MANAGED TUTORS PROVIDED 5,087 STUDENTS IN GRADES 1-3 WITH HIGH-IMPACT LITERACY TUTORING. IN ADDITION, PENCIL WAS CHOSEN TO ACT AS FINANCIAL FIDUCIARY FOR REIMAGINING COMMUNITY SPACES IN MNPS ELEMENTARY SCHOOLS, A PUBLIC-PRIVATE PARTNERSHIP CREATED TO SUPPORT THE EXPANSION OF CERTAIN COMMUNITY SPACES WITHIN LAKEVIEW ELEMENTARY, PARAGON MILLS ELEMENTARY AND PERCY PRIEST ELEMENTARY SCHOOLS. OUR GRANTMAKING PARTNERSHIP WORK WILL CONTINUE TO EVOLVE AS WE SUPPORT THE STRATEGIC PLAN OF MNPS BY RECRUITING FINANCIAL RESOURCES TO SUPPORT KEY INITIATIVES THAT DIRECTLY AND POSITIVELY IMPACT STUDENTS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,476,974
Program Service Revenue $0
Investment Income $47,801
Other Revenue $99,329
TOTAL REVENUE $12,624,104

Expense Breakdown

Grants Paid $9,388,257
Salaries & Benefits $2,520,632
Fundraising Expenses $593,415
Program Expenses $11,998,951
Other Expenses $808,297
TOTAL EXPENSES $12,717,186

Year-over-Year Comparison

2023 2022 Change
Revenue $12,624,104 $8,888,077 +0.4%
Expenses $12,717,186 $8,612,032 +0.5%
Net Income $-93,082 $276,045 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
54
Independent Members
54
Employees
99
Volunteers
5856

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
8
$337,080
Total Directors
54
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGIE ADAMS PRESIDENT/CEO (PARTIAL YEAR) 40.00
Officer
$219,817 $14,710 $234,527
ROBERT KUCHER CHIEF PARTNERSHIPS & PROGRAMS OFFICER 40.00
Highest
$101,923 $10,788 $112,711
KELLY ROLF CHIEF PHILANTHROPY OFFICER 40.00
Highest
$100,179 $10,706 $110,885
JANE GRIMES MENEELY CHIEF ADMINISTRATIVE OFFICER 40.00
Officer
$93,967 $8,586 $102,553
CHRISTIANE BUGGS PRESIDENT/CEO (STARTED 1/1/24) 40.00
Officer
$0 $0 $0
HASINA MOHYUDDIN CHAIR 2.00
Officer Director
$0 $0 $0
ROBYN WILLIAMS VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOSE FERREIRA TREASURER 1.00
Officer Director
$0 $0 $0
PERRY MOULDS SECRETARY 1.00
Officer Director
$0 $0 $0
WESLEY PAYNE IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
MEREDITH JONES-LONG DIRECTOR 1.00
Director
$0 $0 $0
CHUCK ABBOTT DIRECTOR 1.00
Director
$0 $0 $0
BRITTANY ADAMS DAVIS DIRECTOR 1.00
Director
$0 $0 $0
KFIR ALEXANDRONI DIRECTOR 1.00
Director
$0 $0 $0
LIBBY BERMAN DIRECTOR 1.00
Director
$0 $0 $0
HERBERT BROWN DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH GARZA BUMPAS DIRECTOR 1.00
Director
$0 $0 $0
BRITNEY CLINE DIRECTOR 1.00
Director
$0 $0 $0
LESLIE COWELL DIRECTOR 1.00
Director
$0 $0 $0
KENNY CRAPSE DIRECTOR 1.00
Director
$0 $0 $0
KASON DAVIS DIRECTOR 1.00
Director
$0 $0 $0
JOSH DEPRIEST DIRECTOR 1.00
Director
$0 $0 $0
KIRSTEN DODSON DIRECTOR 1.00
Director
$0 $0 $0
JOHN DOERGE DIRECTOR 1.00
Director
$0 $0 $0
FLYNNE DOWDY DIRECTOR 1.00
Director
$0 $0 $0
SHANI DOWELL DIRECTOR 1.00
Director
$0 $0 $0
TODD FIGLER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FISHER DIRECTOR 1.00
Director
$0 $0 $0
JOAN FLEMING-RIDLEY DIRECTOR 1.00
Director
$0 $0 $0
JESSIES GARCIA KNOWLES DIRECTOR 1.00
Director
$0 $0 $0
JACKY GOMEZ DIRECTOR 1.00
Director
$0 $0 $0
JEFF GREGG DIRECTOR 1.00
Director
$0 $0 $0
LILA HALL DIRECTOR 1.00
Director
$0 $0 $0
MIKE HARRIS DIRECTOR 1.00
Director
$0 $0 $0
RACHEL HAWKSWORTH DIRECTOR 1.00
Director
$0 $0 $0
JACQUELINE HAYES DIRECTOR 1.00
Director
$0 $0 $0
HERMAN HICKS DIRECTOR 1.00
Director
$0 $0 $0
BRANDON HILL DIRECTOR 1.00
Director
$0 $0 $0
OLIVIA HILL DIRECTOR 1.00
Director
$0 $0 $0
COLLEEN HOY DIRECTOR 1.00
Director
$0 $0 $0
KAITLYN JONES DIRECTOR 1.00
Director
$0 $0 $0
WHITNEY KALB DIRECTOR 1.00
Director
$0 $0 $0
NICOLE KEEFE DIRECTOR 1.00
Director
$0 $0 $0
AMANI KELLY DIRECTOR 1.00
Director
$0 $0 $0
EMILY LAURITSON-GRUENING DIRECTOR 1.00
Director
$0 $0 $0
DEVIN LINTZENICH DIRECTOR 1.00
Director
$0 $0 $0
JOHARI MATTHEWS DIRECTOR 1.00
Director
$0 $0 $0
BLAKE MCDANIEL DIRECTOR 1.00
Director
$0 $0 $0
NORMAN L MERRIFIELD DIRECTOR 1.00
Director
$0 $0 $0
P DANIELLE NELLIS DIRECTOR 1.00
Director
$0 $0 $0
ELLIOTT NOBLE-HOLT DIRECTOR 1.00
Director
$0 $0 $0
BRANDYN PAYNE DIRECTOR 1.00
Director
$0 $0 $0
KENDRICK ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
NICOLE ROBINSON-HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
YANET RODRIGUEZ DIRECTOR 1.00
Director
$0 $0 $0
SUE SPICKARD DIRECTOR 1.00
Director
$0 $0 $0
RACHAEL TERRELL DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER WADE DIRECTOR 1.00
Director
$0 $0 $0
JUAN WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $12,624,104 $12,717,186 $8,489,906 $-93,082
2023 $8,888,077 $8,612,032 $4,033,458 $276,045
2022 $7,143,023 $6,815,670 $3,991,693 $327,353
2021 $5,178,254 $4,636,775 $2,535,381 $541,479
2020 $3,559,605 $3,528,876 $2,035,812 $30,729
2019 $3,058,428 $3,088,663 $1,775,447 $-30,235
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