Pencil Foundation

Organization Overview

Pencil Foundation is located in Nashville, TN. The organization was established in 1982. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Pencil Foundation employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pencil Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Pencil Foundation generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $6.8m during the year ending 06/2022. While expenses have increased by 15.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LINK COMMUNITY RESOURCES TO METRO PUBLIC SCHOOL STUDENTS TO HELP THEM SUCCEED & PREPARE FOR LIFE

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 ADDITION, PENCIL HOSTS THE PENCILMEIN615.ORG WEBSITE WHERE SCHOOLS, PARTNERS, AND INDIVIDUALS LOG THEIR VOLUNTEER HOURS AND IN-KIND GIFTS. IN FY22 WE EXPANDED 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


THE DG PENCIL BOX EXISTS TO REMOVE BARRIERS TO LEARNING FOR METRO STUDENTS BY ENSURING CLASSROOMS ARE STOCKED WITH NECESSARY SUPPLIES - AND SO TEACHERS DON'T HAVE TO SPEND THEIR OWN MONEY TO PURCHASE THESE SUPPLIES. IN FY22, WE BROADENED ACCESSIBILITY TO CORE SCHOOL SUPPLIES FOR MNPS TEACHERS BY OPENING A SECOND, SATELLITE LOCATION OF OUR DG PENCIL BOX IN ANTIOCH. BETWEEN OUR TWO SITES, THE DG PENCIL BOX LOGGED 2,900 UNIQUE SHOPPING VISITS AND GAVE AWAY OVER $1.4M IN PRODUCT TO IN-PERSON SHOPPERS. ADDITIONALLY, WE DISTRIBUTED $1.55M OF PRODUCT VIA DELIVERIES, POP-UPS, AND OTHER DISTRIBUTIONS MAKING THE 2021-22 SCHOOL YEAR OUR LARGEST EVER AT $2.95M, UP $400K OVER THE PREVIOUS YEAR. THROUGH OUR SUMMER TOGETHER 4 TEACHERS PROJECT, WE CELEBRATED NEARLY 5,000 METRO TEACHERS AND ENSURED THEY RECEIVED BAGS OF HIGHLY REQUESTED ESSENTIAL EDUCATIONAL MATERIALS. WE ALSO SUPPORTED MNPS AS THEY HOSTED A TEACHER PEP RALLY WITH AT LEAST 1,000 EDUCATORS BEFORE CLASSES BEGAN


PENCIL SLOWLY ENTERED THE WORK OF BEING A GRANTMAKING PARTNER TO MNPS BY PASSING-THROUGH $1.67M IN FUNDS TO SUPPORT THE ACCELERATING SCHOLARS INITIATIVE AND ITS FOCUS ON HIGH-IMPACT TUTORING. OUR GRANTMAKING PARTNERSHIP WORK WILL CONTINUE TO GROW AND EVOLVE IN THE FUTURE AS WE SUPPORT THE STRATEGIC PLAN OF MNPS BY RECRUITING FINANCIAL RESOURCES TO SUPPORT KEY INITIATIVES.


PENCIL'S FOUR SCHOOL-BASED FAMILY RESOURCE CENTERS (FRCS) FOCUSED ON HELPING VULNERABLE STUDENTS AND THEIR FAMILIES ACCESS BASIC RESOURCES AND SERVICES SUCH AS GED AND ENGLISH LANGUAGE CLASSES, COUNSELING, EYE EXAMS, AND MORE WITH THE HELP OF PENCIL PARTNERS. THE PENCIL TEAM WORKED CLOSELY WITH MNPS LEADERS AS WE SMOOTHLY TRANSITIONED OPERATION OF OUR FOUR FRCS TO FAMILY AND CHILDREN SERVICES IN JUNE OF 2022.


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Board, Officers & Key Employees

Name (title)Compensation
Angie Adams
President
$173,196
Robyn Williams
Secretary
$0
Norman L Merrifield
Chair
$0
Juan Williams
Treasurer
$0
Brandyn Payne
Immediate Past Chair
$0
Allen Decuyper
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$257,580
Related organizations$0
Government grants $362,891
All other contributions, gifts, grants, and similar amounts not included above$6,465,022
Noncash contributions included in lines 1a–1f $3,170,802
Total Revenue from Contributions, Gifts, Grants & Similar$7,085,493
Total Program Service Revenue$0
Investment income $36,736
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,601
Net Income from Fundraising Events -$6,275
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,143,023

Grants Recieved

Over the last fiscal year, we have identified 18 grants that Pencil Foundation has recieved totaling $703,889.

Awarding OrganizationAmount
Dollar General Literacy Foundation

Goodlettsville, TN

PURPOSE: YOUTH LITERACY PARTNER

$175,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$100,000
United Way Of Middle Tennessee Inc

Nashville, TN

PURPOSE: PROGRAM OPNS (OBI)

$94,745
Scarlett Family Foundation

Nashville, TN

PURPOSE: OPERATIONS SUPPORT

$82,500
Scarlett Family Foundation

Nashville, TN

PURPOSE: SUPPORT FOR OPERATIONS

$55,000
Dan And Margaret Maddox Charitable Fund

Nashville, TN

PURPOSE: TO PROVIDE CORE MISSION SUPPORT.

$30,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$187,292
Earnings-$37,431
Net Contributions$250,523
Grants$3,524
Ending Balance$396,860

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