Nonprofit · EIN 22-3125880
PSEG FOUNDATION INC
Tax-exempt · NEWARK, NJ 07102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $1,746,158 | $9,025,762 | -$7,279,604 | $29,551,035 | $2,976,499 | $26,574,536 |
| December 31, 2023 | 990-PF | $2,159,799 | $9,154,458 | -$6,994,659 | $37,026,670 | $3,172,529 | $33,854,141 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $1,746,158
Expenses
- Grants and similar amounts paid
- $8,304,651
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Disbursements for charitable purposes
- $8,304,651
- Excise tax on investment income
- $24,272
Balance sheet and other
- Total assets, start of year
- $37,026,670
- Total assets, end of year
- $29,551,035
- Total liabilities, end of year
- $2,976,499
- Net assets, end of year
- $26,574,536
- Fair market value of assets
- $29,551,035
- Qualifying distributions
- $8,304,651
- Net investment income
- $1,746,158
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel J Cregg 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| David M Daly 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| Daniel Eichhorn 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| Ralph A LaRossa 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| Lynn C Ukejianya 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Clifford Pardo 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Rose M Chernick 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Rosalyn M Pichardo 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Michael K Hyun 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Bradford D Huntington 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Calvin R Ledford Jr 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Tamara L Linde 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| Shahid Malik 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| Sheila Rostiac 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| Richard T Thigpen 80 Park Plaza, Newark, NJ 07102 | Chairman of the Board and CEO | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Peter W Caruso 80 Park Plaza, Newark, NJ 07102 | Assistant Treasurer | 1 | $0 |
990-PF for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Daniel J Cregg 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| David M Daly 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| Daniel Eichhorn 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| Ralph A LaRossa 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| Lynn C Ukejianya 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Clifford Pardo 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Rose M Chernick 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Rosalyn M Pichardo 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Michael K Hyun 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Bradford D Huntington 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Calvin R Ledford Jr 80 Park Plaza, T 17, Newark, NJ 07102 | 1 | 1 | $0 |
| Tamara L Linde 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| Shahid Malik 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| Sheila Rostiac 80 Park Plaza, Newark, NJ 07102 | Trustee | 1 | $0 |
| Richard T Thigpen 80 Park Plaza, Newark, NJ 07102 | Chairman of the Board and CEO | 1 | $0 |
| Peter W Caruso 80 Park Plaza, Newark, NJ 07102 | Assistant Treasurer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 80 PARK PLAZA T 17, NEWARK, NJ 07102-4109
- In care of
- % LYNN UKEJIANYA
- Signed the 990-PF
- Lynn Ukejianya, Assistant Controller - Tax
- Phone
- (973) 430-7928
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 22-3125880
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $29,551,035
- Income (IRS master file)
- $1,746,158
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $1,746,158 | $9,025,762 | $29,551,035 | XML |
| 990-PF | December 2023 | $2,159,799 | $9,154,458 | $37,026,670 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-3125880).
Questions about PSEG FOUNDATION INC
- What is the EIN of PSEG FOUNDATION INC?
- The employer identification number (EIN) of PSEG FOUNDATION INC is 22-3125880.
- Is PSEG FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to PSEG FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PSEG FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PSEG FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PSEG FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of PSEG FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does PSEG FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,746,158, expenses of $9,025,762 and total assets of $29,551,035 at year end.
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