Peter J Frasso Jr Music Scholarship Fund
- Assets
- $13.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Haverhill, MA
- Founding
- Data as of
- 12/2022
- EIN
- 86-2991165
Organization Overview
Peter J Frasso Jr Music Scholarship Fund is located in Haverhill, 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. Peter J Frasso Jr Music 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 12/2022, Peter J Frasso Jr Music Scholarship Fund generated $8.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $2.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 2 years. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE SCHOLARSHIPS TO HAVERHILL HIGH SCHOOL STUDENTS WHO ARE COLLEGE BOUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Frasso President | 10 | $0 | |
Anthony Frasso Clerk | 5 | $0 | |
Peter Frasso Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,174 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,787 |
| Other Revenue | $17 |
| Total Revenue | $7,978 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $2,000 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,069 |
| Other assets | $0 |
| Total assets | $13,069 |
| Total liabilities | $0 |
| Net assets or fund balances | $13,069 |
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