Overview
What is The Philadelphia Education Fund?
The Philadelphia Education Fund, abbreviated as PEF, is a nonprofit organization located at 718 Arch Street 700N, Philadelphia, Pennsylvania. Its primary mission is to create equitable access to opportunities for students, enabling them to build paths towards college and career success. PEF achieves this by partnering with the School District of Philadelphia, higher education institutions, community groups, and businesses. Their direct service programs provide college advisory services, preparatory workshops, standardized test preparation, academic enrichment programs, and hands-on assistance to thousands of city students. PEF also manages the Philadelphia Scholars Program, which awards gap-filling last-dollar college scholarships to more than 100 eligible students annually and supports their college retention, persistence, and completion through complementary programming. With a vision for all young people in Philadelphia to have the skills and opportunity to succeed in college and career, PEF embeds an excellent college-and-career-going framework in the Philadelphia public school system and designs and delivers a model system of college-and-career-going supports. As of the provided information, PEF has a total of 27 employees.
Official website here: www.philaedfund.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Philadelphia Education Fund has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability and Finance. The charity's overall score is a result of their commitment to transparency and responsible financial management, as evidenced by a perfect score in several key areas, including independent board governance and effective oversight of financial statements.
Strengths highlighted include a fully independent board of 20 members and a robust accountability framework that includes policies for conflicts of interest and whistleblower protections. The organization also demonstrates a solid financial structure, with a low liability-to-assets ratio and a high percentage of program expenses, indicating that a significant portion of their funds directly supports their educational initiatives.
While the data is overwhelmingly positive, it is important to note that sustained performance is essential for maintaining such high ratings. Continuous assessment of their programs and financial practices will be crucial as they move forward in their mission to enhance educational opportunities.
This AI summary has been generated from information found on Charity Navigator.
Is The Philadelphia Education Fund legitimate?
The Philadelphia Education Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Philadelphia Education Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $277,964
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,233,314
For more financial information, click here
Official website here: www.philaedfund.org
What is the mission statement of The Philadelphia Education Fund?
The Philadelphia Education Fund, often referred to as PEF, strives to create equitable access to opportunities for students, enabling them to build pathways towards college and career success. This is achieved by providing resources and expertise to the Philadelphia Public School System and beyond. PEF's vision is for all young people in the city to have the necessary skills and opportunities to excel in higher education and their careers. To fulfill this mission and vision, PEF embeds a robust college-and-career-focused framework within the school system, designs and delivers a comprehensive system of college-and-career support services, aligns instruction across secondary and post-secondary institutions, and supports students, educators, districts, and communities in advancing equitable access to high-quality STEM education.
Official website here: www.philaedfund.org
Who is the CEO of The Philadelphia Education Fund?
Farah Jimenez is the President And Ceo of The Philadelphia Education Fund. The CEO's salary of The Philadelphia Education Fund is $160,000 and their total compensation is $171,324.
Official website here: www.philaedfund.org
What is the revenue of The Philadelphia Education Fund?
The Philadelphia Education Fund's revenue in 2022 was $6,752,590.
Official website here: www.philaedfund.org
Who are the executives of The Philadelphia Education Fund and what are their salaries?
The average compensation at The Philadelphia Education Fund during 2022 was $55,973. There are 27 employees and 69 volunteers at The Philadelphia Education Fund.
Here are 22 key members and their salaries (The Philadelphia Education Fund's CEO's salary is $160,000 and their total compensation is $171,324):
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- Other: $11,324
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Official website here: www.philaedfund.org
Where can I find the form 990 for The Philadelphia Education Fund?
The Philadelphia Education Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.philaedfund.org
Learn more at the official website: www.philaedfund.org
Mission Statement of The Philadelphia Education Fund
The Philadelphia Education Fund, abbreviated as PEF, is dedicated to creating equitable access to opportunities that lead to college and career success for students in Philadelphia. This nonprofit organization achieves this mission by providing resources and expertise, building a framework that guides students towards higher education and prosperous careers. PEF's vision is for all young people in Philadelphia to have the necessary skills and opportunities to excel in college and their careers.
To fulfill its mission and vision, The Philadelphia Education Fund embeds a robust college-and-career-going framework within the Philadelphia Public School System. It designs and delivers a comprehensive system of college-and-career-going supports, aligning instruction across secondary and postsecondary institutions. PEF also supports students, educators, districts, and communities in their pursuit of high-quality STEM education, aiming to advance equitable access to these opportunities. By doing so, The Philadelphia Education Fund empowers students to build successful paths to college and careers, thereby contributing to a more prosperous future for the community.
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Impact
October, 2024
The Philadelphia Education Fund significantly enhances access to education and career opportunities for students in Philadelphia. By bridging the gap between high school graduation and college readiness, it transforms the prospects for countless young people. Through direct services such as college advisory support, standardized test preparation, and academic enrichment programs, it empowers students with the knowledge and skills necessary for success in higher education.
A focal point of its impact is the Philadelphia Scholars Program, which provides last-dollar scholarships to over 100 eligible students each year. This initiative not only alleviates financial barriers but also fosters college retention through workshops, mentorship, and assistance with third-party scholarships. By collaborating with schools, higher education institutions, community groups, and businesses, the fund enriches the public school curriculum and ensures that all students, regardless of their background, have pathways to college and careers.
Moreover, the Philadelphia Education Fund's commitment to equitable access manifests in its comprehensive approach to embedding a college-and-career-going framework throughout the school system. This includes aligning instructional strategies across secondary and postsecondary education, ensuring that all students have the opportunity to acquire relevant STEM education and necessary support to thrive. Through these efforts, the fund not only transforms individual lives but also helps to build a stronger, more equitable educational landscape in Philadelphia.
This information is meant to be a general summary of The Philadelphia Education Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $401,820
- Program Service Revenue: $160,931
- Gross Receipts: $7,683,411
Assets and Liabilities:
- Total Assets: $12,054,730
- Total Liabilities: $441,503
- Net Assets: $11,613,227
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$160,931
Organization Details
Founding Year
1984
Phone
(215) 665-1400Principal Officer
Farah Jimenez
Main Address
718 ARCH STREET 700N, PHILADELPHIA, PA, 19106
Website
www.philaedfund.orgNTEE Category
Code: O50Z - Youth development
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