Picozzi Family Foundation Inc
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $1.8m
- Employees
- 0
- Location
- Summit, NJ
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 26-0146422
Organization Overview
Picozzi Family Foundation Inc is located in Summit, NJ. The organization was established in 2007. 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. Picozzi Family Foundation Inc 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 06/2022, Picozzi Family Foundation Inc generated $1.2m in total revenue. All expenses for the organization totaled $97.8k during the year ending 06/2022. While expenses have increased by 3.4% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED COLLEGE SCHOLARSHIPS TO QUALIFIED COLLEGE & HIGH SCHOOL GRADUATES & PRIVATE HIGH SCHOOL ACADEMIC SCHOLARSHIPS TO INNER-CITY AND FINANCIALLY NEEDY STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Picozzi President | 10 | $0 | |
Michael Picozzi Vice-Preside | 5 | $0 | |
Hugh Blair Secretary | 10 | $0 | |
Nicholas Cannone Treasurer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,179,018 |
| Interest on Savings | $9,391 |
| Dividends & Interest | $31,204 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$21,238 |
| Capital Gain Net Income | $4,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,233 |
| Total Revenue | $1,206,608 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,408 |
| Printing and publications | $287 |
| Other expenses | $6,578 |
| Total operating and administrative expenses | $58,273 |
| Contributions, gifts, grants paid | $39,500 |
| Total expenses and disbursements | $97,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,903 |
| 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 | $1,759,583 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,978,486 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $53,000 |
| 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 | $53,000 |
Grants Awarded
Over the last fiscal year, Picozzi Family Foundation Inc has awarded $34,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS COLLEGE STUDENTS PURPOSE: ACADEMIC SCHOLARSHP-COLLEGE | $20,250 |
VARIOUS HIGH SCHOOL STUDENTS PURPOSE: ACADEMIC SCHOLARSHP-PRIV HIGH SCHOOL | $14,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Citizens And Scholars Princeton, NJ | $17,317,706 | $10,248,308 |
The Teagle Foundation Incorporated New York, NY | $172,379,349 | $12,655,674 |
Jackie Robinson Foundation Inc New York, NY | $30,161,175 | $8,662,334 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Siemens Foundation Iselin, NJ | $75,710,306 | $10,400,455 |
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
Target Als Foundation Inc New York, NY | $26,527,264 | $6,977,665 |
Pursuit Transformation Company Inc Long Island City, NY | $13,294,970 | $6,856,404 |
Firemens Association Of The State New York Foundation Inc Albany, NY | $161,398,482 | $10,617,589 |
Morgan Stanley Foundation Inc New York, NY | $117,614,938 | $39,846,453 |
Brooklyn College Foundation Inc Brooklyn, NY | $101,301,645 | $6,939,639 |
The One Love Foundation In Honor Of Yeardley Love Inc Bronxville, NY | $10,162,225 | $8,418,764 |