Mario Pedrozzi Scholarship Foundation
- Assets
- $8.1m
- Revenue
- $969.2k
- Investments
- $8.0m
- Employees
- 0
- Location
- Livermore, CA
- Founding
- 08/2006
- Data as of
- 09/2023
- EIN
- 20-1025764
Organization Overview
Mario Pedrozzi Scholarship Foundation is located in Livermore, CA. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mario Pedrozzi Scholarship Foundation 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 09/2023, Mario Pedrozzi Scholarship Foundation generated $969.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $780.2k during the year ending 09/2023. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mario Pedrozzi Scholarship Foundation has awarded 869 individual grants totaling $3,043,327. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE EQUITY IN OPPORTUNITY FOR MARYLIN AVENUE ELEMENTARY SCHOOL (TITLE I, LVJUSD SCHOOL) HIGH ACHIEVING STUDENTS IN PURSUIT OF THEIR EDUCATIONAL GOALS BEYOND HIGH SCHOOL, THE FOUNDATION CREATED THE PEDROZZI YOUNG SCHOLARS PROGRAM. KEY ELEMENTS OF THE PROGRAM ARE ENRICHMENT, ENGAGEMENT, EXPOSURE AND ENCOURAGEMENT FOR THE STUDENTS AND THEIR FAMILIES. THE PROGRAM IS DESIGNED TO HELP AND ENCOURAGE THESE STUDENTS TO SUCCEED ACADEMICALLY IN THEIR MIDDLE SCHOOL AND HIGH SCHOOL YEARS, AND TO BE BETTER PREPARED FOR ENTERING A COLLEGE OR VOCATIONAL TRAINING PROGRAM. PARENT AND FAMILY ENGAGEMENT IS A KEY COMPONENT OF THE PROGRAM. WORKSHOPS TO HELP PARENTS UNDERSTAND AND ENGAGE WITH THE SCHOOLS ARE PRESENTED THROUGHOUT THE YEAR. THE FOUNDATION COLLABORATES WITH OTHER STAKEHOLDERS TO DELIVERY IMPACTFUL PROGRAMS. IN PARTNERSHIP WITH QUEST SCIENCE CENTER,PROGRAM PARTICIPANTS WORKED AS INTERNS, PARTICIPATED IN COMMUNITY SCIENCE PROGRAMS. STUDENTS PARTICIPATED IN A SPRING BREAK ART & SCIENCE CAMP
THE PRELIMINARY SCHOLASTIC APTITUDE TEST (PSAT) IS A STANDARDIZED TEST THAT GIVES STUDENTS EARLY ACCESS TO COLLEGE AND CAREER PLANNING TOOLS AND PROVIDES PRACTICE FOR THE SAT. OUR INITIATIVE, IN PARTNERSHIP WITH THE LIVERMORE VALLEY JOINT UNIFIED SCHOOL DISTRICT, ALLOWS ALL SOPHOMORES WITHIN THE DISTRICT TO TAKE THE TEST FREE OF CHARGE DURING THE SCHOOL DAY. BY TAKING THE TEST AS SOPHOMORES, STUDENTS CAN BEGIN PLANNING AND PREPARING EARLY FOR LIFE AFTER HIGH SCHOOL. THIS TEST PROVIDES FEEDBACK, TO BOTH STUDENTS AND STAFF, ON ACADEMIC STRENGTHS AND WEAKNESSES AS WELL AS IDENTIFYING OPPORTUNITIES FOR STUDENTS TO PARTICIPATE IN HONORS AND ADVANCED PLACEMENT (AP) COURSES, ESPECIALLY STUDENTS WHO TRADITIONALLY WOULD NOT OPT TO ENROLL IN THOSE COURSES. THE PSAT INITIATIVE HAS CONTRIBUTED TO AN INCREASE NUMBER OF UNDERREPRESENTED STUDENTS ENROLLING IN ADVANCED CLASSES.
THE FOUNDATION DISTRIBUTED SCHOLARSHIP FUNDS TO 375 STUDENTSATTENDING 122 DIFFERENT COLLEGES AND SCHOOLS. OF THE STUDENTSRECEIVING INITIAL FUNDING FROM THE FOUNDATION IN 2023, 26% ARE THEFIRST IN THEIR FAMILIES TO ATTEND COLLEGE. OF THE $423,651 INSCHOLARSHIPS DISBURSED, $39,000 WAS FOR COMMUNITY COLLEGE AND TECHNICAL VOCATIONAL TRAINING, INCLUDING TOOL SCHOLARSHIPS FOR ELIGIBLE APPRENTICES ENROLLED IN ONE OF THE FIVE BUILDING TRADES APPRENTICESHIP PROGRAMS AT ABC NORCAL. THE FOUNDATION WORKS TO HELP CREATE A COLLEGE- AND CAREER-BOUNDCULTURE FOR ALL LIVERMORE STUDENTS. THE FOUNDATION VALUES ALL POST-SECONDARY PURSUITS, WHICH IS WHY SCHOLARSHIPS ARE AWARDED FOR TRADITIONAL COLLEGE-BOUND HIGH SCHOOL STUDENTS AS WELL AS ELIGIBLE STUDENTS PURSING CAREER PREPARATION THROUGH VOCATIONAL TRAINING AND APPRENTICESHIP PROGRAMS. IN ADDITION TO AWARDING SCHOLARSHIPS, PROGRAMMING INCLUDES FINANCIAL AID AWARENESS, THE PSAT INITIATIVE, AND THE PEDROZZI YOUNG SCHOLARS PROGRAM. TO CARRY OUT ITS MISSION,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassie Braun Director | 3 | $0 | |
FR Bob Mendonca Director | 1 | $0 | |
Lingagoud Memula Director | 3 | $0 | |
Monica Moya Director | 3 | $0 | |
Sean Batchelor CPA Director/pres. | 5 | $0 | |
John Williams Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $277,279 |
| Interest on Savings | $0 |
| Dividends & Interest | $157,295 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $524,174 |
| Capital Gain Net Income | $524,174 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,500 |
| Total Revenue | $969,248 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $133,900 |
| Other employee salaries and wages | $80,589 |
| Pension plans, employee benefits | $18,690 |
| Interest | $0 |
| Taxes | $17,670 |
| Depreciation | $0 |
| Occupancy | $11,163 |
| Travel, conferences, and meetings | $1,249 |
| Printing and publications | $0 |
| Other expenses | $55,628 |
| Total operating and administrative expenses | $356,524 |
| Contributions, gifts, grants paid | $423,651 |
| Total expenses and disbursements | $780,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,781 |
| Savings and temporary cash investments | $68,697 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| 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 | $7,984,021 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,114,499 |
| Accounts payable and accrued expenses | $365 |
| Grants payable | $0 |
| 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 | $365 |
Grants Awarded
Over the last fiscal year, Mario Pedrozzi Scholarship Foundation has awarded $423,651 in support to 123 organizations.
| Grant Recipient | Amount |
|---|---|
AZUSA PACIFIC UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,000 |
BRIGHAM YOUNG UNIVERSITY - PROVO PURPOSE: SCHOLARSHIPS | $6,500 |
CALIFORNIA BAPTIST UNIVERSITY PURPOSE: SCHOLARSHIPS | $3,000 |
LAS POSITAS COLLEGE PURPOSE: SCHOLARSHIPS | $31,500 |
CHAPMAN UNIVERSITY PURPOSE: SCHOLARSHIPS | $3,500 |
STANFORD UNIVERSITY PURPOSE: SCHOLARSHIPS | $2,000 |