Overview
What is Pencil Inc?
Pencil Inc is a dedicated nonprofit organization based in New York City, specifically at 30 WEST 26TH STREET 5TH FLOOR. Their primary mission is to bridge the gap between students and professionals, fostering opportunities for growth and career development. In 2022, they connected over 7,400 students with 1,286 volunteers and mentors from 185 businesses, facilitating partnerships that enhanced students' college and career readiness. Pencil's initiatives, such as Principal for a Day visits and internships, allowed students to gain valuable insights and experiences, improving their communication, networking, professional, and career awareness skills. Over the summer, they placed 788 students in internships and work-based experiences, providing them with valuable real-world experiences and wages. With a strong commitment to New York City schools, Pencil Inc continues to open minds and doors for students, matching their ambitions with appropriate opportunities.
Official website here: www.pencil.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100% (Four-Star out of Four Stars)
Pencil Inc has achieved a remarkable Four-Star rating from Charity Navigator, indicating strong performance in both accountability and impact. The charity received a perfect score of 100 in accountability and finance, demonstrating a commitment to transparency and sound financial practices. Notably, the organization has a fully independent board composed of 22 members and exhibits no material diversion of assets, further ensuring its integrity and reliability.
In terms of impact, Pencil Inc scored 100 out of 100, reflecting the effectiveness of its programs and initiatives. This high score is complemented by its significant program expense ratio of 70.53%, which indicates that a substantial portion of its funds is directed towards its mission-related activities. Additionally, the organization's fundraising efficiency shows a low cost of $0.17 to raise each dollar, showcasing a disciplined approach to resource allocation.
While Pencil Inc demonstrates exceptional performance across various measures, it is important for potential donors and stakeholders to continually monitor the charity's ongoing efforts and results to ensure sustained impact and efficiency. Overall, Pencil Inc stands out as a well-managed nonprofit committed to delivering on its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Pencil Inc?
94% of 13 reviewers on Facebook recommend Pencil Inc. Here is a brief overview of their sentiments:
Many individuals express gratitude for the positive impact Pencil Inc. has had on their personal and professional development. Participants highlight the organization's ability to ease the transition from high school to the corporate world, with specific mentions of valuable training and internship opportunities, such as at Deloitte.
Overall, the experiences shared suggest that Pencil Inc. is fulfilling its mission to prepare young individuals for success in professional settings, with many reviewers feeling proud to be part of the program. The strong recommendation rate reflects a high level of satisfaction among participants.
This AI summary has been generated from reviews found on Facebook.
Is Pencil Inc legitimate?
Pencil Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pencil Inc 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: $679,895
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,318,296
For more financial information, click here
Official website here: www.pencil.org
What is the mission statement of Pencil Inc?
Pencil Inc's mission is centered around fostering connections between business professionals, educators, and students. Their goal is to foster an environment where students' opportunities align with their ambitions. Established in 1995, Pencil Inc has played a significant role in bridging these gaps. By bringing these three groups together, they aim to broaden students' perspectives, open their minds, and provide them with access to opportunities. This approach enables students to connect with success, enhancing their chances of reaching their full potential.
Official website here: www.pencil.org
Who is the CEO of Pencil Inc?
Gregg Betheil is the Chair of Pencil Inc. The CEO's salary of Pencil Inc is $236,620 and their total compensation is $269,643.
Official website here: www.pencil.org
What is the revenue of Pencil Inc?
Pencil Inc's revenue in 2022 was $3,104,926.
Official website here: www.pencil.org
Who are the executives of Pencil Inc and what are their salaries?
The average compensation at Pencil Inc during 2022 was $333,032. There are 6 employees and 1382 volunteers at Pencil Inc.
Here are 28 key members and their salaries (Pencil Inc's CEO's salary is $236,620 and their total compensation is $269,643):
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Official website here: www.pencil.org
Where can I find the form 990 for Pencil Inc?
Pencil Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pencil.org
Learn more at the official website: www.pencil.org
Mission Statement of Pencil Inc
Pencil Inc, a nonprofit organization, is dedicated to bridging the gap between ambitious students and the opportunities that match their potential. Established in 1995, Pencil Inc has been instrumental in connecting business professionals, educators, and students to foster an environment of openness and opportunity. The organization's mission is to inspire and empower students, opening their minds to new possibilities and creating pathways for their success. By bringing these three key groups together, Pencil Inc aims to provide students with the resources and connections they need to reach their full potential. The organization envisions a city where every student's aspirations are met by the opportunities available to them.
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Impact
October, 2024
Pencil Inc. positively impacts New York City by forging essential connections between students, business professionals, and educators, ultimately enhancing college and career readiness for thousands of young individuals. In 2022, the organization connected 7,400 students with 1,286 volunteers and mentors from 185 different businesses, facilitating invaluable exposure to professional environments that many students would not otherwise encounter.
Through its partnership programs, Pencil served 1,561 students across 45 public schools, leveraging the talents and resources of the local business community. This initiative saw significant success, with 88% of participating students reporting improvements in critical skills linked to success. Feedback underscored the program's effectiveness, with 91% of students agreeing they were introduced to professionals outside their usual network, and 95% noting the development of essential skills for their growth.
The "Principal for a Day" program further exemplifies Pencil's commitment to bridging the gap between academia and real-world application. Executives from various sectors engage directly with school principals and students, gaining insight into educational leadership and industry opportunities, thereby influencing the career trajectory of those involved.
In addition, Pencil facilitated over 788 students with internships and paid work experiences across nearly 200 businesses, providing crucial wage opportunities and professional development. Participants reported enhancements in communication, networking, and overall career awareness, empowering them to navigate their futures with confidence.
Overall, Pencil Inc. fosters an ecosystem where students realize their potential and ambition through meaningful connections and experiences, ultimately paving the way for a brighter, more equitable future.
This information is meant to be a general summary of Pencil Inc. 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: $9,149
- Gross Receipts: $3,652,797
Assets and Liabilities:
- Total Assets: $2,677,959
- Total Liabilities: $252,389
- Net Assets: $2,425,570
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Organization Details
Phone
(212) 524-2386Principal Officer
Gregg Betheil
Main Address
30 WEST 26TH STREET 5TH FLOOR, NEW YORK, NY, 10010
Website
www.pencil.orgNTEE Category
Code: T99 - Philanthropy
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