Pepsico Foundation Inc
- Assets
- $66.4m
- Revenue
- $68.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Purchase, NY
- Founding
- 05/1963
- Data as of
- 12/2023
- EIN
- 13-6163174
Organization Overview
Pepsico Foundation Inc is located in Purchase, NY. The organization was established in 1963. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pepsico Foundation Inc 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 12/2023, Pepsico Foundation Inc generated $68.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $51.7m during the year ending 12/2023. While expenses have increased by 8.2% per year over the past 5 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.
Since 2020, Pepsico Foundation Inc has awarded 485 individual grants totaling $229,997,964. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S FOOD FOR GOOD (FFG) PROGRAM IS COMMITTED TO ADVANCING FOOD SECURITY TO ENSURE CHILDREN HAVE ACCESS TO NUTRITIOUS MEALS NO MATTER WHERE THEY ARE. (SEE ATTACHMENT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roberto Azevedo Chairman/director Through 6/23 | 0.1 | $0 | |
C D Glin President | 1 | $0 | |
Christine Griff Secretary | 0.1 | $0 | |
Ada Cheng Treasurer | 0.1 | $0 | |
Hugh Johnston Director Through 11/2023 | 0.1 | $0 | |
Jim Andrews Director | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Give2asia | 12/30/23 | $568,774 |
Charities Aid Foundation America | 12/30/23 | $517,252 |
Daniel J Edelman | 12/30/23 | $500,794 |
Cybergrants Inc | 12/30/23 | $475,397 |
Bully Pulpit Interactive Llc | 12/30/23 | $264,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $68,000,000 |
| Interest on Savings | $2,230,438 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | -$1,634,601 |
| Other Income | $352,828 |
| Total Revenue | $68,948,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $8,700,772 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $816,657 |
| Total operating and administrative expenses | $13,085,779 |
| Contributions, gifts, grants paid | $38,647,192 |
| Total expenses and disbursements | $51,732,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $52,173,622 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $14,186,459 |
| Total assets | $66,360,081 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Pepsico Foundation Inc has awarded $38,647,192 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
AFTER8TOEDUCATE PURPOSE: GENERAL SUPPORT | $9,500 |
ACCION OPPORTUNITY FUND PURPOSE: GENERAL SUPPORT | $1,700,000 |
AMERICAN CORPORATE PARTNERS PURPOSE: GENERAL SUPPORT | $50,000 |
ASIAN PACIFIC AMERICAN INSTITUTE PURPOSE: FELLOWSHIP SUPPORT | $50,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: DISASTER RELIEF | $250,000 |
BEAUTY 2 THE STREETZ PURPOSE: GENERAL SUPPORT | $10,000 |