Overview
What is Pencils Of Promise Incorporated?
Pencils of Promise Incorporated, based in New York City, is a dedicated nonprofit organization striving to provide quality education to children worldwide. Their primary focus is on constructing schools in underprivileged communities, partnering with local governments to enhance education infrastructure. By 2021, they have successfully initiated 585 school projects, aiming to improve student attendance, progress, and test scores, benefiting both primary school students and teachers. Their activities include engaging youth and professionals through various programs and events, fundraising significantly to broaden their reach and impact. As of now, their schools are accessible to students in various countries, with planning and construction underway in new communities across Ghana, Guatemala, and Laos.
Official website here: www.pencilsofpromise.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
Pencils of Promise Incorporated demonstrates a strong commitment to accountability and financial transparency, as reflected in their impressive 93% score in these areas. With a focus on operational efficiency, they maintain a high program expense ratio of over 81% and have a well-structured independent board. Their commitment to community engagement and feedback is evident, scoring a perfect 100 in several areas related to constituent feedback and practices.
User reviews from donors highlight the organization's effective approach to empowering local communities, particularly through school construction and teacher training in countries like Laos, Nicaragua, Guatemala, and Ghana. Donors appreciate the transparency provided by Pencils of Promise, with specific project updates and measurable impacts reported after fund allocation. This clear communication fosters trust and confidence among supporters regarding the use of their donations.
While the organization has received overwhelmingly positive feedback, it does have limitations, such as a working capital ratio of 0.36 years, which may indicate challenges in maintaining sufficient operational liquidity. Nonetheless, the dedication and passion of the Pencils of Promise team to make a significant impact in education is consistently praised by their donors.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Pencils Of Promise Incorporated legitimate?
Pencils Of Promise Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pencils Of Promise Incorporated 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: $647,340
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,026,068
For more financial information, click here
Official website here: www.pencilsofpromise.org
What is the mission statement of Pencils Of Promise Incorporated?
Pencils Of Promise Incorporated, also known as POP, is committed to the belief that every child deserves access to quality education. They achieve this mission by creating schools, programs, and global communities, all working towards the common goal of education for all. POP dedicates substantial time, labor, and effort to raising funds in the U.S. through youth and professional engagement programs and special events. The funds raised enable them to expand their domestic and international reach and impact. As of the end of 2021, POP has broken ground on 585 schools worldwide, providing education opportunities for students in various countries. Construction plans are underway in several new communities in Ghana, Guatemala, and Laos.
Official website here: www.pencilsofpromise.org
Who is the CEO of Pencils Of Promise Incorporated?
Kailee Scales is the Chair of Pencils Of Promise Incorporated. The CEO's salary of Pencils Of Promise Incorporated is $268,220 and their total compensation is $293,320.
Official website here: www.pencilsofpromise.org
What is the revenue of Pencils Of Promise Incorporated?
Pencils Of Promise Incorporated's revenue in 2022 was $5,416,234.
Official website here: www.pencilsofpromise.org
Who are the executives of Pencils Of Promise Incorporated and what are their salaries?
The average compensation at Pencils Of Promise Incorporated during 2022 was $148,523. There are 18 employees and 9 volunteers at Pencils Of Promise Incorporated.
Here are 12 key members and their salaries (Pencils Of Promise Incorporated's CEO's salary is $268,220 and their total compensation is $293,320):
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- Compensation: $268,220
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- Other: $25,100
- Compensation: $169,912
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- Other: $19,457
- Compensation: $146,045
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- Other: $18,606
Official website here: www.pencilsofpromise.org
Where can I find the form 990 for Pencils Of Promise Incorporated?
Pencils Of Promise Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pencilsofpromise.org
Learn more at the official website: www.pencilsofpromise.org
Mission Statement of Pencils Of Promise Incorporated
Pencils of Promise Incorporated, a nonprofit organization, is driven by the belief that every child deserves access to quality education. They achieve this mission by creating schools, programs, and global communities, all working towards the common goal of education for all. Their strategy involves dedicating substantial time, labor, and effort to fundraising in the United States, primarily through youth and professional engagement programs and special events. The funds raised allow Pencils of Promise Incorporated to expand its reach and impact both domestically and internationally.
At the end of 2021, Pencils of Promise Incorporated had broken ground on 585 schools around the world. These schools are open to students in various countries, and the stages of planning and construction are underway in several new communities across Ghana, Guatemala, and Laos. The nonprofit's efforts are not limited to building schools; they also focus on initiating programs that support education and community development. By raising funds and engaging with youth and professionals, Pencils of Promise Incorporated is working towards a future where every child has the opportunity to receive a quality education, thus empowering them to shape their own futures.
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Impact
October, 2024
Pencils of Promise has made a significant impact by focusing on improving access to quality education for children in underserved communities. By building schools and partnering with local governments, they have addressed the dire need for better educational infrastructure. To date, they have successfully broken ground on 585 schools across various countries, providing primary school students and teachers with improved learning environments.
The organization's efforts extend beyond infrastructure; they play a crucial role in enhancing student attendance, progression, and overall test scores. Their approach is not solely about immediate fixes but aims at fostering long-term educational success within the communities they serve. By raising funds through youth and professional engagement programs and special events in the U.S., Pencils of Promise has been able to expand its reach domestically and internationally, continuing to create positive change in the lives of countless children. Through their initiatives, they work towards the shared vision that every child deserves the opportunity for a quality education.
This information is meant to be a general summary of Pencils Of Promise Incorporated. 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: $19
- Gross Receipts: $5,913,276
Assets and Liabilities:
- Total Assets: $2,347,880
- Total Liabilities: $145,015
- Net Assets: $2,202,865
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Organization Details
Founding Year
2008
Phone
(212) 777-3170Principal Officer
Kailee Scales
Main Address
1115 BROADWAY 1157, NEW YORK, NY, 10010
Website
www.pencilsofpromise.orgNTEE Category
Code: Q30 - International
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