Joseph And Grace Mazzarella Educational Foundation Tr is located in Brick, NJ. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph And Grace Mazzarella Educational Foundation Tr 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 12/2022, Joseph And Grace Mazzarella Educational Foundation Tr generated $315.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 71.3% each year . All expenses for the organization totaled $395.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Joseph And Grace Mazzarella Educational Foundation Tr has awarded 54 individual grants totaling $1,084,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joann M Gordon Trustee | 1 | $2,800 | |
Dr Carl R Lepis Sr Trustee | 1 | $5,600 | |
Mari Ann Pepe Trustee | 5 | $2,800 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $136,105 |
Interest on Savings | $1,686 |
Dividends & Interest | $172,142 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $0 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $5,600 |
Total Revenue | $315,533 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $11,200 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $6,616 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $0 |
Total operating and administrative expenses | $20,816 |
Contributions, gifts, grants paid | $375,000 |
Total expenses and disbursements | $395,816 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $222,439 |
Savings and temporary cash investments | $0 |
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 | $1,641,435 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $2,499,622 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Over the last fiscal year, Joseph And Grace Mazzarella Educational Foundation Tr has awarded $375,000 in support to 11 organizations.
Grant Recipient | Amount |
---|---|
POINT BORO HIGH SCHOOL PURPOSE: SCHOLARSHIPCOMMITTEE | $25,000 |
PT PLEASANT BD OF ED PURPOSE: SCHOLARSHIPCOMMITTEE | $25,000 |
BRICK MEMORIAL HIGH SCHOOL PURPOSE: SCHOLARSHIPCOMMITTEE | $25,000 |
BRICK HIGH SCHOOL PURPOSE: SCHOLARSHIPCOMMITTEE | $25,000 |
DONOVAN CATHOLIC PURPOSE: SCHOLARSHIPCOMMITTEE | $25,000 |
CENTRAL REGIONAL PURPOSE: SCHOLARSHIPCOMMITTEE | $25,000 |