Robert Mammano Frezza Memorial Scholarship Fund
- Assets
- $717.7k
- Revenue
- $21.1k
- Investments
- $704.2k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 75-3010007
Organization Overview
Robert Mammano Frezza Memorial Scholarship Fund is located in Boston, MA. The organization was established in 2002. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Robert Mammano Frezza Memorial Scholarship Fund 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, Robert Mammano Frezza Memorial Scholarship Fund generated $21.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $29.7k during the year ending 12/2021. While expenses have increased by 0.5% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE AWARD ANNUAL SCHOLARSHIP GRANTS TO DESERVING GRADUATES OF THE LAWRENCEVILLE SCHOOL ENROLLED AT US ACCREDITED UNIVERSITIES. FOUR STUDENTS EACH RECEIVE A TOTAL OF $6,000 IN SCHOLARSHIP GRANTS EACH YEAR. PAYMENTS ARE MADE DIRECTLY TO THE ACCREDITED UNIVERSITIES IN THE AWARDEES NAME. OUR ONLY EXPENSES ARE MANAGEMENT FEES FOR THE ENDOWMENT AND TAXES EVERYTHING ELSE IS HANDLED BY VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Easwaran Trustee | 1 | $0 | |
William Frezza Trustee | 2 | $0 | |
Chris Chin Trustee | 1 | $0 | |
Max Levchin Trustee | 1 | $0 | |
Dan Boneh Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $15,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,906 |
| Capital Gain Net Income | $4,272 |
| Net ST Capital Gain | $1,634 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,351 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,707 |
| Contributions, gifts, grants paid | $23,000 |
| Total expenses and disbursements | $29,707 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,505 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $717,728 |
| 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, Robert Mammano Frezza Memorial Scholarship Fund has awarded $23,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD COLLEGE PURPOSE: TUITION SCHOLARSHIP GRANT FOR JONATHAN D'SOUZA | $6,000 |
HARVARD COLLEGE PURPOSE: TUITION SCHOLARSHIP GRANT FOR ANIKA BAGARIA | $6,000 |
BROWN UNIVERSITY PURPOSE: TUITION SCHOLARSHIP GRANT TO TIFFANY THOMAS | $6,000 |
COLUMBIA UNIVERSITY PURPOSE: TUITION SCHOLARSHIP GRANT FOR ALPER CANBERK | $3,000 |
STANFORD UNIVERSITY PURPOSE: TUITION GRANT FOR SCHOLARSHIP RECIPIENT PANOS VANDRIS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Five Colleges Incorporated Amherst, MA | $34,378,872 | $10,361,692 |
Suny Impact Foundation Inc New York, NY | $1,805,430 | $8,847,404 |
Poughkeepsie Public School Teachers Asso Trust Fund Poughkeepsie, NY | $14,239,734 | $11,580,276 |
Meged Shomayim Airmont, NY | $573,750 | $8,461,954 |
Nli Usa Inc New York, NY | $11,341,396 | $10,639,057 |
Excellence Community Schools Inc Bronx, NY | $14,097,138 | $10,250,785 |
Futures In Education Brooklyn, NY | $11,663,497 | $8,970,011 |
National Center For Hebrew Language Charter School Excellence New York, NY | $4,301,333 | $7,260,290 |
Mccarton Foundation For Developmental Disabilities Inc Bronx, NY | $2,852,729 | $6,603,484 |
Prospect Schools Inc Brooklyn, NY | $3,261,917 | $6,213,918 |
Friends Of@brooklyn Laboratory Charter Schools Inc Brooklyn, NY | $20,397,240 | $6,569,238 |
Friends Of@prospect Schools Ny Inc Brooklyn, NY | $3,486,838 | $6,161,838 |