Salvatore And Maria Pizzi Family Foundation Inc
- Assets
- $294.2k
- Revenue
- $555.1k
- Investments
- $45.4k
- Employees
- 0
- Location
- Quincy, MA
- Founding
- 07/2012
- Data as of
- 09/2022
- EIN
- 45-5595783
Organization Overview
Salvatore And Maria Pizzi Family Foundation Inc is located in Quincy, MA. The organization was established in 2012. 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. Salvatore And Maria Pizzi 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 09/2022, Salvatore And Maria Pizzi Family Foundation Inc generated $555.1k in total revenue. All expenses for the organization totaled $324.8k during the year ending 09/2022. While expenses have increased by 23.0% per year over the past 4 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 2018, Salvatore And Maria Pizzi Family Foundation Inc has awarded 45 individual grants totaling $640,000. 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
STUDENTS MAY RECEIVE THE SCHOLARSHIP FOR EACH OF THE 4 YEARS OF COLLEGE.THE FOUNDATION ALLOWS THE SCHOLARSHIP COMMITTEES TO SELECT THE RECIPIENTS.THE STUDENTS MUST MAINTAIN GOOD ACADEMIC STANDING TO RENEW EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Bowe Executive Dir. & Treasurer | 0 | $0 | |
Maureen Bowe President | 0 | $0 | |
Anthony Falco Vice President | 0 | $0 | |
Michael Merhmann Secretary | 0 | $0 | |
Bowey Chen Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Attorney Robert Stewart | 9/29/20 | $2,858 |
Thomas Bowe Cpa Pc | 9/29/20 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $536,201 |
| Interest on Savings | $17 |
| Dividends & Interest | $2,200 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,724 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $555,142 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $175 |
| Total operating and administrative expenses | $9,794 |
| Contributions, gifts, grants paid | $315,000 |
| Total expenses and disbursements | $324,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,843 |
| 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 | $45,405 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $294,248 |
| 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 |
Grants Awarded
Over the last fiscal year, Salvatore And Maria Pizzi Family Foundation Inc has awarded $315,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ABINGTON HIGH SCHOOL PURPOSE: 2 STUDENTS AWARDED A SCHOLARSHIP | $6,000 |
ARLINGTON HIGH SCHOOL PURPOSE: 5 STUDENTS AWARDED A SCHOLARSHIP | $15,000 |
BOSTON POLICE DEPARTMENT PURPOSE: 21 STUDENTS AWARDED A SCHOLARSHIP | $112,500 |
BOSTON STRING PURPOSE: 4 STUDENTS AWARDED A SCHOLARSHIP | $8,000 |
FITCHBURG HIGH SCHOOL PURPOSE: 3 STUDENTS AWARDED A SCHOLARSHIP | $6,000 |
JOHN O'BRYANT HIGH SCHOOL PURPOSE: 1 STUDENT AWARDED A SCHOLARSHIP | $2,000 |