Pseg Foundation Inc
- Assets
- $49.9m
- Revenue
- $78.3k
- Investments
- $29.9m
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 10/1991
- Data as of
- 12/2021
- EIN
- 22-3125880
Organization Overview
Pseg Foundation Inc is located in Newark, NJ. The organization was established in 1991. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pseg 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 12/2021, Pseg Foundation Inc generated $78.3k in total revenue. All expenses for the organization totaled $6.6m during the year ending 12/2021.
Since 2020, Pseg Foundation Inc has awarded 426 individual grants totaling $19,827,616. 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 |
|---|---|---|---|
Clifford Pardo Assistant Controller-Tax | 1 | $0 | |
Rosalyn M Pichardo Assistant Secretary | 1 | $0 | |
Daniel Eichhorn Trustee | 1 | $0 | |
Calvin R Ledford Jr President | 1 | $0 | |
Richard T Thigpen Chairman Of The Board And CEO | 1 | $0 | |
Bradford D Huntington Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,342 |
| 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 | $78,342 |
| 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 | $40,649 |
| Total operating and administrative expenses | $40,649 |
| Contributions, gifts, grants paid | $6,577,412 |
| Total expenses and disbursements | $6,618,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $20,000,000 |
| 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 | $29,926,270 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,926,270 |
| Accounts payable and accrued expenses | $539,118 |
| Grants payable | $2,696,758 |
| 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 | $3,235,876 |
Grants Awarded
Over the last fiscal year, Pseg Foundation Inc has awarded $6,577,412 in support to 329 organizations.
| Grant Recipient | Amount |
|---|---|
New Brunswick, NJ PURPOSE: HIGHER EDUCATION | $600,000 |
NJ PERFORMING ARTS CENTER PURPOSE: ARTS AND CULTURE | $600,000 |
STEVENS INSTITUTE OF TECHNOLOGY PURPOSE: EDUCATION | $450,000 |
SUSTAINABLE JERSEY NONPROFIT CORP PURPOSE: ENVIRONMENTAL | $425,000 |
SESAME STREET WORKSHOP PURPOSE: COMMUNITY | $400,000 |
Washington, DC PURPOSE: HIGHER EDUCATION | $392,376 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Pseg Foundation Inc Newark, NJ | $49,926,270 | $78,342 |
United Way Of Lancaster County Lancaster, PA | $8,532,432 | $6,314,775 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |
Aba Pathways Inc Monroe, NY | $523,879 | $2,142,341 |