Overview

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Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

PENCIL INC is a nonprofit organization dedicated to philanthropy and community improvement, focusing on bridging the gap between business professionals, educators, and students to foster awareness and opportunities. With an operating budget of $3.4 million and total revenue of $2.6 million for the 2024 filing year, the organization relies on diverse funding sources, with no single funder contributing 50% or more of its revenue. More information can be found on their website at www.pencil.org.

Mission Statement

BRINGING TOGETHER BUSINESS PROFESSIONALS, EDUCATORS AND STUDENTS TO OPEN EYES, OPEN MINDS AND OPEN DOORS.
Revenues
$2.6M
Expenses
$3.4M
Net Income:
-$718K
Assets
$2.1M
Liabilities
$313.9K
Net Assets:
+$1.8M
Operating Budget
$3.4M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
19
Median grant size
$15K
Largest grant received
$162.5K
J
Jessica Bynoe
Board Member
G
Gregg B Betheil
Board Member
R
Ron Rudzin
Board Member

Frequently Asked Questions

What is PENCIL INC’s budget?
In 2024, PENCIL INC reported an annual operating budget of around $3.4 million. More detailed financial information is available to registered users.
What causes does PENCIL INC support?
PENCIL INC supports work in Community improvement and Philanthropy.
Where does PENCIL INC operate?
PENCIL INC is headquartered in New York, NY.
Who funded PENCIL INC recently?
In 2025, PENCIL INC received grants from SCARLETT FAMILY FOUNDATION, INFOSYS FOUNDATION USA, and AMERICAN ONLINE GIVING FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant PENCIL INC received in 2024?
The largest grant to PENCIL INC in 2024 exceeds $163 thousand.
What is PENCIL INC’s reliance on government grants?
PENCIL INC relied on government grants for more than 20% of their total revenue in 2024.