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Education : Scholarship and Financial Support (Grantmaking/Grants Payable)

Fund for Public Schools

Dedicated to improving New York City's public schools

three stars

89.50

52 Chambers Street Room 305
New York, NY 10007
tel: (212) 374-2874   Web Site
EIN: 11-2656137

Board Leadership
Richard A. Carranza
Chair

CEO
Julie L. Shapiro
Deputy Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 89.50 three stars
  Financial 87.50 three stars
  Accountability & Transparency 92.00 four stars
This rating was published 06/01/2020 and includes data from FY2019, the most recent 990 received at that time.

The Fund for Public Schools works to attract private investment in school reform and to encourage greater involvement of all New Yorkers in the education of our children. This includes working to secure critical funding for system-wide education reform initiatives; facilitating strategic public-private partnerships; managing a targeted set of programs to support city schools; and building city-wide public awareness. In 2002 Mayor Michael R. Bloomberg and Chancellor Joel I. Klein established public-private partnerships as a critical means of supporting public education reform, and The Fund is the primary vehicle for advancing this effort. The Fund has secured unprecedented investment, raising more than $230 million for system-wide reforms and initiatives that support individual schools.

The Fund for Public Schools works to attract private investment in school reform and to encourage greater involvement of all New Yorkers in the education of our children. This includes working to secure critical funding for system-wide education reform initiatives; facilitating strategic public-private partnerships; managing a targeted set of programs to support city schools; and building city-wide public awareness. In 2002 Mayor Michael R. Bloomberg and Chancellor Joel I. Klein established public-private partnerships as a critical means of supporting public education reform, and The Fund is the primary vehicle for advancing this effort. The Fund has secured unprecedented investment, raising more than $230 million for system-wide reforms and initiatives that support individual schools.

Impact Information

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Financial

three stars

87.50

Accountability & Transparency

four stars

92.00

This rating was published 06/01/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
92.3%
  Administrative Expenses 4.4%
  Fundraising Expenses 3.2%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 1.54
  Program Expenses Growth -8.2%
  Liabilities to Assets 25.8%
All data for Financial Performance Metrics calculations was provided by Fund for Public Schools on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Fund for Public Schools on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Fund for Public Schools (NY) 89.50 three stars
American Friends of IDC (NY) 89.39 three stars
Peninsula Education Foundation (CA) 88.22 three stars
South Carolina Governor's School for Science and Math Foundation (SC) 86.01 three stars
American Friends of The Tel Aviv University (NY) 91.48 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $18,984,679
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $18,984,679
   Program Service Revenue $0
Total Primary Revenue $18,984,679
   Other Revenue $371,984
TOTAL REVENUE $19,356,663
   
EXPENSES  
   Program Expenses $14,308,309
   Administrative Expenses $508,753
   Fundraising Expenses $259,516
TOTAL FUNCTIONAL EXPENSES $15,076,578
   
Payments to Affiliates $0
Excess (or Deficit) for the year $4,280,085
   
Net Assets $26,518,193

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Education Grants $14,308,309 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-06 06/01/2020 89.50 three stars
2018-06 09/03/2019 89.86 three stars
2017-06 12/01/2018 88.22 three stars
2016-06 09/01/2017 90.71 four stars
2016-06 07/01/2017 89.50 three stars
2015-06 11/01/2016 89.02 three stars
2014-06 06/01/2016 94.74 four stars
 
CN 2.0
2014-06 11/01/2015 95.04 four stars
2013-06 10/01/2014 99.75 four stars
2012-06 09/01/2013 90.48 four stars
2011-06 07/01/2012 87.94 three stars
2010-06 09/20/2011 92.51 four stars
 
CN 1.0
2009-06 10/01/2010 87.21 three stars
2008-06 09/01/2009 99.72 four stars
2007-06 02/01/2009 99.70 four stars
2006-06 08/01/2007 99.65 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 11-2656137
Name in IRS Master File FUND FOR PUBLIC SCHOOLS INC
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
(59) Other school related activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date January, 1984
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • June, 2018
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
None reported -- This organization did not report a CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Fund for Public Schools (NY) 89.50 three stars
The Public Education Foundation (NV) 95.37 four stars
Association of Graduates of the United States Air Force Academy (CO) 95.47 four stars
Fabretto (IL) 90.60 four stars
Manhattan Beach Education Foundation (CA) 94.20 four stars

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Charity Contact Info

Fund for Public Schools
52 Chambers Street
Room 305
New York, NY 10007
tel: (212) 374-2874
fax: (212) 374-5571
EIN: 11-2656137

Visit Web Site

Board Leadership

Richard A. Carranza
Chair

CEO

Julie L. Shapiro
Deputy Executive Director

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