Pricewaterhouse Coopers Charitable Foundation
- Assets
- $109.3m
- Revenue
- $23.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1949
- Data as of
- 09/2023
- EIN
- 13-6116238
Organization Overview
Pricewaterhouse Coopers Charitable Foundation is located in New York, NY. The organization was established in 1949. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pricewaterhouse Coopers Charitable 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 09/2023, Pricewaterhouse Coopers Charitable Foundation generated $23.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $37.7m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Pricewaterhouse Coopers Charitable Foundation has awarded 1,346 individual grants totaling $99,474,968. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND EXPENDITURES TO SUPPORT EDUCATIONAL CHANGE TO HELP CLOSE THE OPPORTUNITY GAP. INCLUDES 437 GRANTS MADE PRIMARILY TO PUBLIC CHARITIES AND OTHER PROGRAM RELATED EXPENDITURES INCURRED FOR DEVELOPMENT AND PRODUCTION OF PRINTED AND ONLINE EDUCATION RELATED MATERIALS.
123 GRANTS MADE TO PUBLIC CHARITIES AND INDIVIDUALS TO ASSIST VICTIMS OF NATURAL DISASTERS OR EMERGENCY FINANCIAL HARDSHIPS; TO PROVIDE ASSISTANCE TO HEALTH AND WELFARE PROGRAMS AND TO PEOPLE SUFFERING FROM FOOD INSECURITY, DISASTERS, AND EXCLUSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sutphin Trustee/president | OfficerTrustee | 5 | $0 |
Christine Freyermuth Trustee/treasurer | OfficerTrustee | 5 | $0 |
Stacey Empson Trustee/secretary | OfficerTrustee | 5 | $0 |
Rakesh Bhatia Trustee | Trustee | 1 | $0 |
Jeanette Dern Trustee | Trustee | 1 | $0 |
Elizabeth Diep Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Discovery Education Inc Educational Svcs | 9/29/23 | $180,000 |
Time Inc Educational Svcs | 9/29/23 | $2,250,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,907,360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,907,360 |
| Total Program Service Revenue | $0 |
| Investment income | $3,948,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,199,249 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,656,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,078,600 |
| Grants and other assistance to domestic individuals. | $652,312 |
| Grants and other assistance to Foreign Orgs/Individuals | $935,664 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $105,235 |
| Fees for services: Legal | $6,000 |
| Fees for services: Accounting | $30,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $190,092 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $181,824 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $37,700,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,223,601 |
| Pledges and grants receivable | $21,944,156 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,808,958 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $82,325,080 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $109,301,795 |
| Accounts payable and accrued expenses | $36,392 |
| Grants payable | $25,428,017 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,464,409 |
| Net assets without donor restrictions | $48,520,135 |
| Net assets with donor restrictions | $35,317,251 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $109,301,795 |
Grants Awarded
Over the last fiscal year, Pricewaterhouse Coopers Charitable Foundation has awarded $34,078,600 in support to 419 organizations.
| Grant Recipient | Amount |
|---|---|
24 7 GATEWAY LLC PURPOSE: EDUCATION | $25,000 |
3DE NATIONAL LLC PURPOSE: EDUCATION | $75,000 |
A BETTER CHICAGO PURPOSE: EDUCATION | $25,000 |
A NEW LEAF INC PURPOSE: EDUCATION | $25,000 |
ACCESS OPPORTUNITY PURPOSE: EDUCATION | $25,000 |
ACHIEVE MIAMI INC PURPOSE: EDUCATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Scope Education Services Smithtown, NY | $26,452,379 | $48,816,383 |
Pricewaterhouse Coopers Charitable Foundation New York, NY | $109,301,795 | $23,656,851 |
Covenant Foundation New York, NY | $8,238,129 | $6,350,177 |
American Friends Of Bet El Yeshiva Center Woodmere, NY | $30,274 | $3,434,365 |
Society For Scholarly Publishing Mount Laurel, NJ | $1,677,572 | $1,326,303 |
Educational Opportunity Centers Of Pennsylvania Edwardsville, PA | $264,951 | $1,188,317 |
American Federation Of Teachers Commack, NY | $337,757 | $796,659 |
American Federation Of Teachers Kings Park, NY | $260,698 | $312,362 |
Science Teachers Association Of New York State Inc Syracuse, NY | $570,486 | $298,107 |
Hatboro Horsham Educational Foundation Horsham, PA | $605,519 | $227,713 |
Dover And Sherborn Education Fund Inc Dover, MA | $0 | $587 |
Westchester & Putnam College Conferences Inc Crompond, NY | $6,638 | $0 |
Foundation For World Education Inc Lowell, MA | $2,336,178 | $171,121 |