The Pitney Bowes Foundation Inc
- Assets
- $598.3k
- Revenue
- $2.8m
- Investments
- $71.4k
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 09/2004
- Data as of
- 12/2022
- EIN
- 20-0523317
Organization Overview
The Pitney Bowes Foundation Inc is located in Stamford, CT. The organization was established in 2004. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Pitney Bowes 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 12/2022, Pitney Bowes Foundation Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 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 2014, Pitney Bowes Foundation Inc has awarded 1,836 individual grants totaling $27,499,781. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Ryan Mufson President/director | 1 | $0 | |
Polly O'brien Morrow Vice President/ Director | 1 | $0 | |
Bill Borrelle Director/chair | 1 | $0 | |
Andrew Gold Director | 1 | $0 | |
Ana Chadwick Director | 1 | $0 | |
Debbie D Salce Treasurer/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,800,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,496 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $2,801,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,979 |
| Total operating and administrative expenses | $22,129 |
| Contributions, gifts, grants paid | $2,778,558 |
| Total expenses and disbursements | $2,800,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $526,947 |
| 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 | $71,350 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $598,297 |
| Accounts payable and accrued expenses | $9,800 |
| 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 | $9,800 |
Grants Awarded
Over the last fiscal year, The Pitney Bowes Foundation Inc has awarded $2,778,558 in support to 169 organizations.
| Grant Recipient | Amount |
|---|---|
FAIRFIELD COUNTYS COMMUNITY FOUNDATION PURPOSE: CORPORATE COLLABORATIVE FOR EDUCATION EQUITY MULTI-YEAR GRANT | $100,000 |
SOUNDWATERS INC PURPOSE: SOUNDWATERS HARBOR AMBITIONS | $100,000 |
CHILDCARE LEARNING CENTERS PURPOSE: HEAD START EXTENDED DAY | $100,000 |
NETWORK FOR TEACHING PURPOSE: NFTES ASPIRING ENTREPRENEURS PROGRAM (AEP) AND FAIRFIELD COUNTY SUMMER BIZCAMP | $75,000 |
HORIZONS NATIONAL STUDENT PURPOSE: LEARNING RECOVERY: EXPANDING HORIZONS TO SUPPORT ACADEMIC LEARNING | $75,000 |
MIND RESEARCH INSTITUTE PURPOSE: ST MATH: PREPARING STUDENTS FOR FUTURE ACADEMIC AND CAREER ADVANCEMENT | $75,000 |