Paychex Charitable Foundation Inc
- Assets
- $17.9m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 01/2015
- Data as of
- 05/2022
- EIN
- 46-5691719
Organization Overview
Paychex Charitable Foundation Inc is located in Rochester, NY. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paychex Charitable 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 05/2022, Paychex Charitable Foundation Inc generated $10.0m in total revenue. All expenses for the organization totaled $1.0m during the year ending 05/2022. While expenses have increased by 78.1% per year over the past 4 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 2021, Paychex Charitable Foundation Inc has awarded 178 individual grants totaling $2,044,875. 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 |
|---|---|---|---|
Efrain Rivera Vp/treasurer/director | 1 | $0 | |
Martin Mucci President/director | 1 | $0 | |
Cody Braithwaite Executive Director | 5 | $0 | |
Stephanie Schaeffer Vp/secretary//director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $0 |
| 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 | $10,000,000 |
| 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 | $378 |
| Total operating and administrative expenses | $378 |
| Contributions, gifts, grants paid | $1,009,150 |
| Total expenses and disbursements | $1,009,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,937,345 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $17,937,345 |
| 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, Paychex Charitable Foundation Inc has awarded $1,009,150 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
Rochester, NY PURPOSE: OPERATING SUPPORT | $300,000 |
Rochester, NY PURPOSE: OPERATING SUPPORT | $200,000 |
GLOBAL GIVING PURPOSE: OPERATING SUPPORT | $55,000 |
Rochester, NY PURPOSE: OPERATING SUPPORT | $50,000 |
Rochester, NY PURPOSE: OPERATING SUPPORT | $50,000 |
THE STRONG PURPOSE: OPERATING SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joan And Irwin Jacobs Technion-Cornell Innovation Instit New York, NY | $205,040,861 | $18,316,542 |
Tikvah Fund New York, NY | $103,047,859 | $6,270,985 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Catholic Schools Foundation Inc Boston, MA | $110,171,239 | $27,305,892 |
Echoing Green Inc New York, NY | $60,744,468 | $19,754,073 |
Partnership For Ed Advancement Inc New York, NY | $36,194,552 | $41,198,488 |
Alavi Foundation New York, NY | $64,468,510 | $30,201,673 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |
Uncommon Lender Inc New York, NY | $174,239,408 | $12,168,791 |
Family Enrichment Network Inc Johnson City, NY | $8,020,609 | $12,621,621 |
Laspau Inc Cambridge, MA | $9,172,350 | $9,862,515 |