Bob Moretti Memorial Scholarship Foundation
- Assets
- $258.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 68-0049462
Organization Overview
Bob Moretti Memorial Scholarship Foundation is located in Sacramento, CA. The organization was established in 1985. 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. Bob Moretti Memorial 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 12/2021, Bob Moretti Memorial Scholarship Foundation generated $183.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $108.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED 13 SCHOLARSHIPS TO STUDENTS WORKING TO OBTAIN THEIR UNDERGRADUATE DEGREE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Loper Vice Chairman | 0 | $0 | |
Toni Atkins Chairman | 0 | $0 | |
Melissa Melendez N/a | 0 | $0 | |
Robbin Lewis-Coaxum N/a | 0 | $0 | |
John Perez N/a | 0 | $0 | |
Anthony Rendon Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,674 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $183,674 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,330 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $54,132 |
| Total expenses | $108,462 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $258,631 |
| Other assets | $0 |
| Total assets | $258,631 |
| Total liabilities | $0 |
| Net assets or fund balances | $258,631 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bob Moretti Memorial Scholarship Foundation has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Pharmaceutical Research And Manufacturers Of America Washington, DC PURPOSE: General Contribution | $10,000 |
California Apt Association Sacramento, CA PURPOSE: TO PROVIDE SCHOLARSHIPS TO STUDENTS WORKING TO OBTAIN THEIR UNDERGRADUATE DEGREES | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |