2026-05-15T13:09:38-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 200 BRICKSTONE SQUARE SUITE 103 ANDOVER MA 01810 990 2024-07-01 222567982 THE PHILADELPHIA EDUCATION FUND PHIL 2156651400 718 ARCH STREET 700N PHILADELPHIA PA 19106 FARAH JIMENEZ PRESIDENT AND CEO 2156651400 2026-05-14 1 0 LUKE BURNETT P01079018 9786202000 2026-05-13 2024 2025-03-06 01:10:19Z FARAH JIMENEZ 718 ARCH STREET 700N PHILADELPHIA PA 19106 5405203 0 X WWW.PHILAEDFUND.ORG X 1984 PA CREATES EQUITABLE ACCESS TO OPPORTUNITIES FOR STUDENTS THAT BUILD PATHS TO COLLEGE AND CAREER SUCCESS. 24 24 35 75 0 0 3629936 3326536 608514 1323491 433442 370163 11985 81544 4683877 5101734 695474 852996 0 0 2595729 2927271 0 0 148937 1273001 1281327 4564204 5061594 119673 40140 13864955 14350614 1283918 884065 12581037 13466549 X THE MISSION OF THE PHILADELPHIA EDUCATION FUND (PEF) IS TO CREATE EQUITABLE ACCESS TO OPPORTUNITIES FOR STUDENTS BY PROVIDING RESOURCES AND EXPERTISE THAT BUILD PATHS TO COLLEGE AND CAREER SUCCESS. PEF FOCUSES ON PHILADELPHIA PUBLIC SCHOOL STUDENTS ATTENDING SCHOOLS WITH LOW GRADUATION, POSTSECONDARY PERSISTENCE, COLLEGE ENROLLMENT, AND COLLEGE COMPLETION RATES. PEF FULFILLS ITS MISSION BY EMBEDDING A COLLEGE AND CAREER GOING FRAMEWORK IN THE PHILADELPHIA PUBLIC SCHOOL SYSTEM; DELIVERING IN PERSON, SCHOOL BASED, AND VIRTUAL SUPPORTS; ALIGNING SECONDARY AND POSTSECONDARY INSTRUCTION; PROVIDING SCHOLARSHIP AID; AND SUPPORTING STUDENTS, EDUCATORS, DISTRICTS, AND COMMUNITIES 0 0 3427849 719067 1334464 DIRECT SERVICES TO STUDENTS: THE GOAL OF PEF'S DIRECT SERVICES TO STUDENTS IS TO CREATE PATHWAYS TO COLLEGE AND CAREER BY EQUIPPING PHILADELPHIA PUBLIC SCHOOL STUDENTS WITH THE GUIDANCE, PREPARATION, AND FINANCIAL RESOURCES NEEDED TO PURSUE POSTSECONDARY EDUCATION. DURING THE REPORTING PERIOD, PEF PROVIDED COLLEGE ADVISING, PREPARATORY WORKSHOPS, STANDARDIZED TEST PREPARATION, ACADEMIC ENRICHMENT, AND HANDS ON ASSISTANCE TO AN ESTIMATED 8,000-10,000 STUDENTS (ESTIMATE), IN PARTNERSHIP WITH THE SCHOOL DISTRICT OF PHILADELPHIA, HIGHER EDUCATION INSTITUTIONS, COMMUNITY ORGANIZATIONS, AND BUSINESSES.PEF'S SHORT TERM OBJECTIVE IS TO INCREASE STUDENTS' COLLEGE READINESS, ENROLLMENT, AND AFFORDABILITY; ITS LONG TERM OBJECTIVE IS TO IMPROVE POSTSECONDARY PERSISTENCE AND COMPLETION FOR STUDENTS FROM HISTORICALLY UNDER RESOURCED SCHOOLS. THROUGH THE PHILADELPHIA SCHOLARS PROGRAM, PEF STEWARDED AN ENDOWMENT THAT AWARDED LAST DOLLAR, GAP FILLING SCHOLARSHIPS TO MORE THAN 100 STUDENTS ANNUALLY AND SUPPORTED RECIPIENTS THROUGH WORKSHOPS, MENTORING, RESOURCE SHARING, AND ASSISTANCE ACCESSING LEVERAGED THIRD PARTY SCHOLARSHIPS. IN THE REPORTING YEAR, PEF DISTRIBUTED $625,000 IN SCHOLARSHIP AID, REDUCING FINANCIAL BARRIERS TO COLLEGE ENROLLMENT AND PERSISTENCE. 1049615 133929 TEACHING AND LEARNING:THROUGH ITS TEACHING AND LEARNING AND SCHOOL SERVICES PROGRAMMING, PEF SUPPORTS SCHOOLS, EDUCATORS, AND NONPROFIT PARTNERS IN BUILDING COLLEGE GOING, CAREER READY SCHOOL CULTURES. DURING THE YEAR, PEF PROVIDED PROFESSIONAL DEVELOPMENT, TECHNICAL ASSISTANCE, AND CAPACITY BUILDING SUPPORTS TO AN ESTIMATED 300-400 EDUCATORS AND SCHOOL STAFF.THE SHORT TERM OBJECTIVE OF THIS WORK IS TO STRENGTHEN EDUCATOR PRACTICE AND ALIGN INSTRUCTION WITH COLLEGE AND CAREER EXPECTATIONS; THE LONG TERM OBJECTIVE IS TO EMBED SUSTAINABLE COLLEGE AND CAREER GOING SYSTEMS WITHIN PHILADELPHIA PUBLIC SCHOOLS. BY STRENGTHENING TEACHING AND LEARNING ENVIRONMENTS, PEF MULTIPLIES THE IMPACT OF ITS DIRECT STUDENT SERVICES AND ADVANCES ITS CHARITABLE MISSION TO IMPROVE EDUCATIONAL OUTCOMES CITYWIDE. 4477464 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37 0 1 35 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 PA X THE PHILADELPHIA EDUCATION FUND 2156651400 718 ARCH STREET 700N PHILADELPHIA PA 19106 FARAH JIMENEZ PRESIDENT AND CEO 35.00 X 198581 0 23823 BRYAN DEFONEY VP OF PROGRAMS 35.00 X 116200 0 5167 DAVID GARBE DIRECTOR, MCKINNEY CENTER 35.00 X 116400 0 5255 ASIM Z HAQUE CHAIR 2.00 X X 0 0 0 JOANN MITCHELL VICE CHAIR 1.50 X X 0 0 0 TOM BALL TREASURER 1.50 X X 0 0 0 JULIANA MOSELY-WILLIAMS SECRETARY 1.50 X X 0 0 0 CHERYL L BAXTER MEMBER 1.00 X 0 0 0 MARK BLASKEY MEMBER 1.00 X 0 0 0 STEVEN BRADLEY MEMBER 1.00 X 0 0 0 VALERIE BROWN MEMBER 1.00 X 0 0 0 RICHARD CORCORAN MEMBER 1.00 X 0 0 0 RIPLEY DWYER MEMBER 1.00 X 0 0 0 SUSAN LORENZ-FISHER MEMBER 1.00 X 0 0 0 PHILLIP GABLER MEMBER 1.00 X 0 0 0 JOHN G GINELLI MEMBER 1.00 X 0 0 0 LA-TOYA P HACKNEY MEMBER 1.00 X 0 0 0 BRAD HODGE MEMBER 1.00 X 0 0 0 ALQUON HODGES MEMBER 1.00 X 0 0 0 THOMAS MORRISON MEMBER 1.00 X 0 0 0 PEDRO RIVERA MEMBER 1.00 X 0 0 0 SHAWN SAMUEL MEMBER 1.00 X 0 0 0 MARGARET STEELE MEMBER 1.00 X 0 0 0 BRANDEN SWEETSER MEMBER 1.00 X 0 0 0 KIMBERLY TOMBASCO MEMBER 1.00 X 0 0 0 KIMBERLY TYLER-BENNS MEMBER 1.00 X 0 0 0 GREG VERNICK MEMBER 1.00 X 0 0 0 431181 0 34245 3 0 1 0 0 55500 1545369 1725667 3326536 CONTRACT REVENUE 611710 1323491 1323491 1323491 305781 305781 333500 269118 64382 64382 64382 104922 55500 34351 70571 70571 MISCELLANEOUS INCOME 900099 10973 10973 10973 5101734 1334464 0 440734 852996 852996 333368 233357 66674 33337 2202074 2173051 7020 22003 62606 57825 4262 519 115199 106665 7687 847 214024 193263 17175 3586 12444 12444 174861 85076 65942 23843 430286 262962 112440 54884 16808 16673 135 63484 58020 5132 332 24836 12137 9327 3372 106402 78270 27202 930 78284 77206 1051 27 107735 82768 24967 20566 20566 11790 178 11610 2 HONORIA AND STIPENDS 95329 95229 100 DUES AND SUBSCRIPTIONS 84980 72329 11551 1100 REPAIRS AND MAINTENANCE 19755 13375 6229 151 TAXES 250 250 33517 6084 23429 4004 5061594 4477464 435193 148937 679989 295451 1863071 1312516 1277669 942 122129 1513833 10373 42046 449112 439825 25255 9287 9778138 10594129 108331 582410 13864955 14350614 255577 142240 934337 167508 94004 574317 1283918 884065 X 1234004 1871537 11347033 11595012 12581037 13466549 13864955 14350614 40140 845372 0 X 0 1 X 1 1 1 X 2839970 6186381 2794017 3629936 3326536 18776840 2839970 6186381 2794017 3629936 3326536 18776840 4232588 14544252 131415 262862 211682 409129 305781 1320869 1985 70571 72556 10973 10973 20181238 2915259 0.72070 0.65380 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2024 AMOUNT: $ 10,973. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 203120 203120 0 209992 200705 9287 36000 36000 0 9287 LEASE LIABILITIES - OPERATING, NET 574317 574317 X 6060393 845372 78936 924308 5136085 -34351 -34351 5101734 5174881 78936 34351 113287 5061594 0 5061594 PART X, LINE 2: THE ED FUND IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE ED FUND IS EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES. MANAGEMENT HAS EVALUATED THE TAX POSITIONS OF THE ED FUND AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR FURTHER DISCLOSURES IN THE NOTES TO THE FINANCIAL STATEMENTS. THE ED FUND FILES ANNUAL INFORMATION RETURNS WHICH ARE SUBJECT TO AUDITS BY TAXING JURISDICTIONS; HOWEVER, NO AUDITS FOR ANY PERIODS ARE CURRENTLY IN PROGRESS. MANAGEMENT BELIEVES THAT THE ED FUND IS NO LONGER SUBJECT TO SUCH AUDITS FOR YEARS PRIOR TO 2022. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -34,351. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 34,351. EDUCATE PHILLY GALA 160422 55500 104922 14543 19808 160422 55500 104922 14543 19808 34351 70571 1 GRANTS AND SCHOLARSHIPS 146 852996 N/A N/A PART I, LINE 2: THE PHILADELPHIA EDUCATION FUND (PEF) SCHOLARS PROGRAM PROVIDES NEED-BASED, "LAST DOLLAR" SCHOLARSHIPS TO GRADUATES OF 12 PUBLIC AND CHARTER HIGH SCHOOLS ACROSS PHILADELPHIA. SINCE ITS INCEPTION IN 1990, PEF HAS AWARDED MORE THAN $18 MILLION TO MORE THAN 4,000 STUDENTS. IN ADDITION TO PROVIDING SCHOLARSHIP DOLLARS TO ATTEND COLLEGE, THE SCHOLARS PROGRAM PROVIDES ONGOING COLLEGE SUPPORT THROUGH WORKSHOPS AND 1-1 COUNSELING. SCHOLARSHIP DISBURSEMENTS ARE MADE FOR THE FALL AND SPRING SEMESTERS DIRECTLY TO THE RECIPIENT'S COLLEGE. IF THE STUDENT'S ENROLLMENT STATUS CHANGES, THE COLLEGE'S FINANCIAL AID OFFICE IS REQUESTED TO CONTACT PEF AND RETURN THE SCHOLARSHIP CHECK.THE SCHOLARS PROGRAM ALSO WORKS IN CONJUNCTION WITH PEF'S COLLEGE ACCESS PROGRAM, WHICH HELPS STUDENTS SUCCESSFULLY APPLY AND MATRICULATE TO COLLEGE VIA IN-PERSON COUNSELING, COLLEGE VISITS, FAFSA AND FINANCIAL AID WORKSHOPS, AND RELATED SUPPORT FROM 9TH THROUGH 12TH GRADE. X X X X 0 0 0 0 0 0 0 0 0 FARAH JIMENEZ PRESIDENT AND CEO 198581 0 0 0 0 0 8080 0 15743 0 222404 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE HAS THE POWER TO ACT FOR THE BOARD OF DIRECTORS BETWEEN ITS REGULAR MEETINGS, WITH THE EXCEPTION OF TO ACT ON MATTERS COMMITTED BY RESOLUTION OF THE BOARD OF DIRECTORS TO ANOTHER COMMITTEE OF THE BOARD OF DIRECTORS AND TO APPROVE FUNDAMENTAL TRANSACTIONS. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIR, THE VICE CHAIR, THE SECRETARY, THE TREASURER, AND OTHER SUCH DIRECTORS AS THE BOARD OF DIRECTORS MAY DESIGNATE FROM TIME TO TIME. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE DRAFT OF THE FORM 990 AND REQUIRED SCHEDULES ARE DISTRIBUTED ELECTRONICALLY TO EACH VOTING BOARD MEMBER THROUGH EMAIL TO REVIEW AND PROVIDE COMMENTS, QUESTIONS, AND CONCERNS. DUE TO TIMING, THE BOD COMPLETED REVIEW AFTER SUBMITTING THE FORM 990 TO THE IRS IN ORDER TO MEET FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C THE ED FUND REQUIRES ALL BOARD MEMBERS AND EMPLOYEES TO COMPLETE THE CONFLICT OF INTEREST FORM ANNUALLY. IN ADDITION, THE CONFLICT OF INTEREST POLICY INCLUDES A DUTY TO TIMELY DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT. ANY CONFLICTS DISCLOSED ARE REVIEWED BY THE ED FUND'S EXECUTIVE COMMITTEE WHERE A FINAL DETERMINATION IS MADE. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT AND CEO'S COMPENSATION IS DETERMINED BY THE ED FUND EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE UTILIZES COMPARABILITY DATA OF OTHER NONPROFIT ORGANIZATIONS OF SIMILAR SIZE, THE BUDGET, AND THE RECOMMENDATIONS MADE BY AN OUTSIDE EXECUTIVE RECRUITING AGENCY. SUBSEQUENT INCREASES AND BONUSES RELY ON THAT SAME COMPARABILITY DATA, ARE APPROVED BY THE EXECUTIVE COMMITTEE, AND ARE TIMELY DOCUMENTED. THIS PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ED FUND MAKES CERTAIN GOVERNING DOCUMENTS AVAILABLE UPON WRITTEN REQUEST. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.