Pwc Foundation Inc

Nonprofit profile at a glance

EIN
136116238
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
8133487725
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$41,647,447
Expenses
$26,750,301
Assets
$79,603,231
Liabilities
$12,227,482

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • MICHAEL SUTPHIN (TRUSTEE/PRESIDENT)

People named in this filing

  • MICHAEL SUTPHIN (TRUSTEE/PRESIDENT)
  • JEAN E LEE (TRUSTEE/TREASURER)
  • CHRISTINE FREYERMUTH (TRUSTEE/SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The pwc foundation, inc., (the foundation) is a section 501(c)(3) organization that is formed under the nonprofit laws of the state of New York. The foundation's mission is to unlock potential and accelerate paths to opportunity. The foundation's grant making activities are directed to three causes areas: 1)education: to close the opportunity gap and support the development of the next generation of leaders through grants and contributions to charitable organizations that create innovative programs and initiatives that equip students with the critical skills for success, lay a sustainable foundation for educational growth and provide access to college and career pathways. 2) to invest in mitigation, preparation, response and recovery solutions to reduce vulnerabilities to natural disaster impacts, help communities become more resilient, and build disaster response capability. 3)the people of pwc: to provide need-based financial support to pwc partners, principals and employees affected

What it reported doing in 2024

260 grants made to individuals experiencing emergency financial hardship and to public charities to invest in mitigation, preparation, response and recovery solutions to reduce vulnerabilities to natural disaster impacts, help communities become more resilient, and build natural disaster response capability.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 88% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 71
  • Accountability: 100
  • Sustainability: 83
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.7%; rating input score 67
  • Program expense ratio: 99.2%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 8th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 35.8%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 2.98; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 6.6% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: -9.5% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -1.4% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 66.7% of revenue deployed · 99.2% of spending went to programs
  • Governance: 17 of 17 board members independent · 7 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $26.5M in reported program spending
  • Leadership: top reported pay $0 · 17 people listed
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes foreign activity and grants
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 503 filed money-flow records
  • Related organizations: 504 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.