Lazzerini Family Foundation
- Assets
- $918.3k
- Revenue
- $15.4k
- Investments
- $868.9k
- Employees
- 0
- Location
- Bakersfield, CA
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 47-1450973
Organization Overview
Lazzerini Family Foundation is located in Bakersfield, CA. The organization was established in 2014. 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. Lazzerini Family 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 12/2022, Lazzerini Family Foundation generated $15.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $68.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Lazzerini Family Foundation has awarded 46 individual grants totaling $737,205. 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 Mission:
Part 3 - Line 1
THE PURPOSE OF THIS CORPORATION IS FOR PUBLIC AND CHARITABLE PURPOSES. IN THE CONTEXT OF THESE GENERAL PURPOSES, THE CORPORATION SHALL PROVIDE FUNDS FOR THE ADVANCEMENT OF EDUCATION AND SCIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THIS CORPORATION IS FOR PUBLIC AND CHARITABLE PURPOSES. IN THE CONTEXT OF THESE GENERAL PURPOSES, THE CORPORATION SHALL PROVIDE FUNDS FOR THE ADVANCEMENT OF EDUCATION AND SCIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Lazzerini President | 1 | $0 | |
William Lazzerini Jr Secretary/treasuer | 1 | $0 | |
Mike Lazzerini Director | 1 | $0 | |
Jenna Foster Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $131 |
| Dividends & Interest | $15,307 |
| 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 | $0 |
| Total Revenue | $15,438 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $68,000 |
| Total expenses and disbursements | $68,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,144 |
| 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 | $868,906 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $266 |
| Total assets | $918,316 |
| 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, Lazzerini Family Foundation has awarded $68,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
HONOR FLIGHT KERN COUNTY PURPOSE: GRANT USED TO FUND THE VARIOUS PROGRAMS WITHIN THE ORGANIZATION | $2,500 |
BAKERSFIELD ANGELS PURPOSE: GRANT USED TO FUND THE VARIOUS PROGRAMS WITHIN THE ORGANIZATION | $2,500 |
KERN COUNTY WW II MEMORIAL PURPOSE: GRANT USED TO FUND THE VARIOUS PROGRAMS WITHIN THE ORGANIZATION | $5,000 |
BMH FOUNDATION PURPOSE: GRANT USED TO FUND THE VARIOUS PROGRAMS WITHIN THE ORGANIZATION | $2,500 |
BOYS & GIRLS CLUB OF KERN COUNTY PURPOSE: GRANT USED TO FUND THE VARIOUS PROGRAMS WITHIN THE ORGANIZATION | $25,000 |
MAKE-A-WISH PURPOSE: GRANT USED TO FUND THE VARIOUS PROGRAMS WITHIN THE ORGANIZATION | $1,000 |