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Pep Foundation is a private corporation based in SUMMIT, NJ. The foundation received its IRS ruling in 1996. The principal officer is % Patrick J Welsh. It holds total assets of $1.5M. Annual income is reported at $992K. 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 70 CHILDREN IN THE PROGRAM. Contributions to this foundation are tax-deductible.
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. THERE ARE APPROXIMATELY 75 CHILDREN IN THE PROGRAM.
Expenses: $881K
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 70 CHILDREN IN THE PROGRAM.
Pep Foundation typically selects its grantees rather than accepting unsolicited proposals.
Pep Foundation is headquartered in SUMMIT, NJ.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Judith Mccarthy | SECRETARY | $0 | $0 | $0 |
| Maurice Torres | TRUSTEE | $0 | $0 | $0 |
| Patrick J Welsh | SPONSOR TRUSTEE | $0 | $0 | $0 |
| Michael Ma | VICE PRESIDENT | $0 | $0 | $0 |
| Laurie Shen Tham | TRUSTEE | $0 | $0 | $0 |
Total Giving
$995K
Total Assets
$1.4M
Fair Market Value
$1.4M
Net Worth
$1.4M
Grants Paid
$0
Contributions
$1.1M
Net Investment Income
$8K
Distribution Amount
$0
Other foundations that have funded Pep Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Welsh Family Foundation Inc. | $1.1M | 2023 | UNRESTRICTED |
| Welsh Family Foundation Inc. | $865K | 2022 | UNRESTRICTED |
| Welsh Family Foundation Inc. | $865K | 2022 | UNRESTRICTED |
| Welsh Family Foundation Inc. | $652K | 2021 | UNRESTRICTED |
| Coit Family Foundation |
TIPTONVILLE, TN
FARGO, ND
FLORENCE, SC
SUNNYVALE, CA
| Carol A Welsh |
| SPONSOR TRUSTEE |
| $0 |
| $0 |
| $0 |
| Christopher Moon | TRUSTEE | $0 | $0 | $0 |
| Lara Drewes | TRUSTEE | $0 | $0 | $0 |
| Aysha Hussain | TRUSTEE | $0 | $0 | $0 |
| Michelle Demuth | TREASURER | $0 | $0 | $0 |
| Michael Block | TRUSTEE | $0 | $0 | $0 |
| Teri Suzuki | PRESIDENT | $0 | $0 | $0 |
| Martha Sayre | INTERIM EXECUTIVE DIRECTOR | $0 | $0 | $0 |
| Michelle Moon | SECRETARY | $0 | $0 | $0 |
| $15K |
| 2021 |
| DONATION FOR CHARITABLE PURPOSES |
| Nathan & Helen Kohler Foundation | $5K | 2021 | CHARITABLE |
| Welsh Family Foundation Inc. | $862K | 2020 | UNRESTRICTED FOR THE EDUCATION AND ASSIMILATION INTO SOCIETY OF DISADVANTAGED YOUTHS |
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