Pep Foundation
- Assets
- $1.3m
- Revenue
- $866.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Summit, NJ
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 22-3376822
Organization Overview
Pep Foundation is located in Summit, NJ. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Pep 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 12/2022, Pep Foundation generated $866.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $909.4k during the year ending 12/2022. While expenses have increased by 7.7% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEP INCREASES OPPORTUNITY FOR A SELECT GROUP OF MOTIVATED SUMMIT PUBLIC SCHOOL STUDENTS WITH DEMONSTRATED FINANCIAL NEED. PEP PROVIDES TUITION ASSISTANCE FOR COLLEGE, TUTORING, AND ACADEMIC ENRICHMENT, SUMMER CAMP EXPERIENCES AND OTHER SUPPORT, ENSURING THAT PARTICIPANTS ACCOMPLISH A POST SECONDARY EDUCATION AND BECOME PRODUCTIVE ADULTS THESE ARE APPROXIMATELY 75 CHILDREN IN THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mccook Executive Director | 40 | $107,000 | |
Melissa Horn Director Of Post-Sec | 40 | $87,300 | |
Elizabeth Dean Director Of Academic | 40 | $84,000 | |
Jocelyne Perez Program Coordinator/ | 40 | $54,650 | |
Patrick J Welsh Trustee | 0.5 | $0 | |
Carol A Welsh Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $865,000 |
| Interest on Savings | $1,667 |
| 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 | $0 |
| Other Income | $0 |
| Total Revenue | $866,667 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $434,910 |
| Pension plans, employee benefits | $61,246 |
| Interest | $0 |
| Taxes | $42,342 |
| Depreciation | $23,216 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $336,701 |
| Total operating and administrative expenses | $909,350 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $909,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,027,782 |
| Savings and temporary cash investments | $0 |
| 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 | $315,856 |
| Other assets | $0 |
| Total assets | $1,343,638 |
| Accounts payable and accrued expenses | $314 |
| 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 | $314 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pep Foundation has recieved totaling $865,000.
| Awarding Organization | Amount |
|---|---|
Welsh Family Foundation Inc Vero Beach, FL PURPOSE: UNRESTRICTED | $865,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Donald B And Dorothy L Stabler Foundation Harrisburg, PA | $483,040,822 | $63,822,611 |
Fund For Charitable Giving Pittsburgh, PA | $174,176,180 | $114,342,351 |
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |
Rosenkranz Foundation Inc New York, NY | $20,933,111 | $6,809,267 |
Llewellyn Family Foundation New York, NY | $59,134,047 | $5,278,479 |
Multiplying Good Inc New York, NY | $3,981,550 | $5,192,295 |