Matthew Zonghetti Scholarship Fund
- Assets
- $181.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mansfield, MA
- Founding
- Data as of
- 12/2021
- EIN
- 83-3397489
Organization Overview
Matthew Zonghetti Scholarship Fund is located in Mansfield, MA. 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. Matthew Zonghetti 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, Matthew Zonghetti Scholarship Fund generated $53.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (24.0%) each year. All expenses for the organization totaled $18.6k 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
THE MATTHEW ZONGHETTI SCHOLARSHIP IS A PROGRAM THAT PROVIDES SCHOLARSHIPS OR FELLOWSHIP GRANTS ON AN OBJECTIVE AND NON-DISCRIMINATORY BASIS TO STUDENTS OF SERIOUS PURPOSE AND FINANCIAL NEED (PREFERABLY BUT NOT EXCLUSIVELY) FROM MANSFIELD, MASSACHUSETTS WHO ARE ATTENDING ANY SCHOOL, COLLEGE, GRADUATE SCHOOL OR OTHER ACCREDITED EDUCATIONAL INSTITUTION EXEMPT UNDER IRS CODE SECTION 501(C)(3) BY RAISING FUNDS THROUGH CONTRIBUTIONS, GRANTS AND FUNDRAISING.IT IS THIS PROGRAMS INTENTION TO ALSO PROVIDE FUNDING TO OTHER ORGANIZATIONS THAT PROVIDE SUPPORT TO FAMILIES DEALING WITH HARDSHIPS. AT CURRENT, WEST SIDE BENEVOLENT CIRCLE HAS BEEN ITS MAJOR RECIPIENT, BUT AS THE ORGANIZATION BUILDS THE SCHOLARSHIP FUND, THEIR MISSION IS TO SEEK OUT OTHER ORGANIZATIONS THAT COULD BENEFIT FROM A CONTRIBUTION BY THE FUND.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Healey Director | 1 | $0 | |
Linda Adkins Director | 1 | $0 | |
Michelle Busharis Director | 1 | $0 | |
Susan Zonghetti President | 3 | $0 | |
Michael Zonghetti Treasurer | 3 | $0 | |
Stuart Pink Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,727 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $20,853 |
| Other Revenue | $0 |
| Total Revenue | $53,580 |
| 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 | $2,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,053 |
| Total expenses | $18,553 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $180,682 |
| Other assets | $0 |
| Total assets | $181,432 |
| Total liabilities | $0 |
| Net assets or fund balances | $181,432 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Matthew Zonghetti Scholarship Fund has recieved totaling $13,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $13,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Student Development Fund Inc Winooski, VT | $17,468,961 | $10,359,436 |
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 |
The Cape Cod Community College Educational Foundation Inc West Barnstable, MA | $15,428,827 | $3,042,413 |
Cape Cod Foundation Inc South Yarmouth, MA | $88,834,376 | $21,531,654 |
Gilder Lehrman Institute Of American History New York, NY | $67,600,972 | $8,993,543 |
Uaspire Inc Boston, MA | $8,161,176 | $8,929,537 |
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 |
Stephen Phillips Memorial Scholarship Fund Inc Boston, MA | $45,790,109 | $8,308,700 |