Nonprofit · EIN 22-3376822
PEP FOUNDATION
Tax-exempt · SUMMIT, NJ 07901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,292,451 | $1,073,893 | $218,558 | $1,673,074 | $528 | $1,672,546 |
| December 31, 2024 | 990-PF | $991,956 | $983,008 | $8,948 | $1,455,041 | $1,053 | $1,453,988 |
| December 31, 2023 | 990-PF | $1,097,937 | $994,809 | $103,128 | $1,448,463 | $3,423 | $1,445,040 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,254,503
- Interest
- $38,580
- Net gain from sales of assets
- -$632
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $568,625
- Disbursements for charitable purposes
- $1,054,188
- Excise tax on investment income
- $497
Balance sheet and other
- Total assets, start of year
- $1,455,041
- Total assets, end of year
- $1,673,074
- Total liabilities, end of year
- $528
- Net assets, end of year
- $1,672,546
- Fair market value of assets
- $1,673,074
- Qualifying distributions
- $1,054,188
- Net investment income
- $38,580
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARIA E SHEPARD MENDEZ 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $129,308 |
| MELISSA HORN 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | DIRECTOR OF POST-SEC Highest-paid employee | 40 | $99,846 |
| ELIZABETH DEAN 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | DIRECTOR OF ACADEMIC Highest-paid employee | 40 | $99,846 |
| JOCELYNE PEREZ 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | PROGRAM COORDINATOR/ Highest-paid employee | 40 | $64,885 |
| TERI SUZUKI 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | OFFICER - PRESIDENT | 0.5 | $0 |
| JUDITH MCCARTHY 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | OFFICER - SECRETARY | 0.5 | $0 |
| MICHELLE DEMUTH 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | OFFICER - TREASURER | 0.5 | $0 |
| MICHAEL MA 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | OFFICER - VICE PRESIDENT | 0.5 | $0 |
| PATRICK J WELSH 5 SEA COURT, VERO BEACH, FL 32963 | SPONSOR TRUSTEE | 0.5 | $0 |
| CAROL A WELSH 5 SEA COURT, VERO BEACH, FL 32963 | SPONSOR TRUSTEE | 0.5 | $0 |
| NADINE RAY 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| MAURICE TORRES 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| MARTHA SAYRE 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| LAURIE SHEN THAM 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| LARA DREWES 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN COTTER 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| CHRISTOPHER MOON 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| TONYAMARIE RAMSAY 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MELISSA HORN 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | DIRECTOR OF POST-SEC Highest-paid employee | 40 | $112,338 |
| ELIZABETH DEAN 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | DIRECTOR OF ACADEMIC Highest-paid employee | 40 | $99,509 |
| MARIA SHEPARD 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $88,088 |
| JOCELYNE PEREZ 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | PROGRAM COORDINATOR/ Highest-paid employee | 40 | $76,587 |
| MARTHA SAYRE 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | INTERIM EXECUTIVE DI Highest-paid employee | 24 | $56,400 |
| TERI SUZUKI 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | OFFICER - PRESIDENT | 0.5 | $0 |
| JUDITH MCCARTHY 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | OFFICER - SECRETARY | 0.5 | $0 |
| MICHELLE DEMUTH 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | OFFICER - TREASURER | 0.5 | $0 |
| MICHAEL MA 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | OFFICER - VICE PRESIDENT | 0.5 | $0 |
| PATRICK J WELSH 5 SEA COURT, VERO BEACH, FL 32963 | SPONSOR TRUSTEE | 0.5 | $0 |
| CAROL A WELSH 5 SEA COURT, VERO BEACH, FL 32963 | SPONSOR TRUSTEE | 0.5 | $0 |
| NADINE RAY 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| MAURICE TORRES 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| MARTHA SAYRE 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| LAURIE SHEN THAM 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| LARA DREWES 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| KAREN COTTER 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| CHRISTOPHER MOON 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| AYSHA HUSSAIN 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MCCOOK 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $128,229 |
| MELISSA HORN 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | DIRECTOR OF POST-SEC Highest-paid employee | 40 | $107,628 |
| ELIZABETH DEAN 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | DIRECTOR OF ACADEMIC Highest-paid employee | 40 | $75,765 |
| JOCELYNE PEREZ 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | PROGRAM COORDINATOR/ Highest-paid employee | 40 | $71,371 |
| PATRICK J WELSH 5 SEA COURT, VERO BEACH, FL 32963 | SPONSOR TRUSTEE | 0.5 | $0 |
| CAROL A WELSH 5 SEA COURT, VERO BEACH, FL 32963 | SPONSOR TRUSTEE | 0.5 | $0 |
| TERI SUZUKI 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | PRESIDENT | 0.5 | $0 |
| MICHELLE MOON 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | SECRETARY | 0.5 | $0 |
| MICHAEL BLOCK 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| MICHELLE DEMUTH 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TREASURER | 0.5 | $0 |
| AYSHA HUSSAIN 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| MICHAEL MA 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | VICE PRESIDENT | 0.5 | $0 |
| CHRISTOPHER MOON 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| MARTHA SAYRE 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | INTERIM EXECUTIVE DIRECTOR | 0.5 | $0 |
| JUDITH MCCARTHY 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | SECRETARY | 0.5 | $0 |
| LARA DREWES 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| MAURICE TORRES 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
| LAURIE SHEN THAM 43 FRANKLIN PLACE, SUMMIT, NJ 07901 | TRUSTEE | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 43 FRANKLIN PL, SUMMIT, NJ 07901-3629
- In care of
- % PATRICK J WELSH
- Signed the 990-PF
- MARIA E SHEPARD MENDEZ, EXECUTIVE DIRECTOR
- Phone
- (908) 277-1106
- Website
- WWW.PEPPROGRAMNJ.ORG
- Return prepared by
- OFFUTT BARTON SCHLITT LLC
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 | 990-PF 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
- 22-3376822
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T99Z)
- Assets (IRS master file)
- $1,673,074
- Income (IRS master file)
- $1,293,083
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,292,451 | $1,073,893 | $1,673,074 | XML |
| 990-PF | December 2024 | $991,956 | $983,008 | $1,455,041 | XML |
| 990-PF | December 2023 | $1,097,937 | $994,809 | $1,448,463 | 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 22-3376822).
Questions about PEP FOUNDATION
- What is the EIN of PEP FOUNDATION?
- The employer identification number (EIN) of PEP FOUNDATION is 22-3376822.
- Is PEP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to PEP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does PEP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PEP FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PEP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of PEP FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 18 people; 4 received compensation from the organization, the highest $129,308 (MARIA E SHEPARD MENDEZ, EXECUTIVE DIRECTOR).
- How much revenue does PEP FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $1,292,451, expenses of $1,073,893 and total assets of $1,673,074 at year end.
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