Maria Fassi Foundation
- Assets
- $74.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fayetteville, AR
- Founding
- Data as of
- 12/2022
- EIN
- 87-2178489
Organization Overview
Maria Fassi Foundation is located in Fayetteville, AR. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maria Fassi 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, Maria Fassi Foundation generated $34.7k 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 (40.1%) each year. All expenses for the organization totaled $5.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (67.3%) 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 Mission:
Part 3 - Line 1
THE ORGANIZATION WILL HELP SUPPORT AND DEVELOP NATIONAL AND INTERNATIONAL YOUTH AMATEUR GOLFING ATHLETES AND COMPETITION. THE ORGANIZATION WILL MAKE GRANTS TO INDIVIDIUALS AND ORGANIZATIONS IN THE UNITED STATES AND IN THE COUNTRY OF MEXICO IN ORDER FOR UNDERPRIVILEGED CHILDREN AND CHILDREN WITH DISABILITY TO ATTEND JUNIOR GOLFING TOURNAMENTS, CAMPS, CLINICS, AND OTHER GOLFING RELATED EVENTS. IN ADDITION TO GRANT MAKING, THE ORGANIZATION INTENDS TO IMPLEMENT A PROGRAM TO HELP UNDERPRIVLEGED CHILDREN AND CHILDREN WITH DISABILITIES RECEIVE THE SUPPORT, SKILLS, AND TOOLS NECESSARY TO SUCCEED IN GOLF AND-INDIRECTLY-LIFE. THE ORGANIZATION PLANS TO HOLD MONTHLY GOLF CLINICS WHERE CHILDREN WILL LEARN THE BASICS OF GOLF IN A FUN, ENGAGING, AND OPEN ENVIRONMENT. THE ORGANIZATION ALSO INTENDS TO OCCASIONALLY HOST CHILDREN, WITH PREFERENCE GIVEN TO THOSE CHILDEN WHO HAVE PREVIOUSLY PARTICIPATED IN THE ORGANIZATIONS'S CLINICS AND OTHER PROGRAMS.
Describe the Organization's Program Activity:
Part 3
2021 WAS THE FOUNDATION'S INITAL YEAR, AND THE NET FUNDS GENERATED WILL BE CONTRIBUTED TO ORGANIZATIONS THAT MEET THE FOUNDATION'S MISSION STATEMENT CRITERIA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Fassi President/ceo | 5 | $0 | |
Hannah Cole Treasurer/cfo | 1 | $0 | |
Olivia Lavy Secretary | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $34,685 |
| Other Revenue | $0 |
| Total Revenue | $34,685 |
| 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 | $5,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,503 |
| Other assets | $0 |
| Total assets | $74,503 |
| Total liabilities | $0 |
| Net assets or fund balances | $74,503 |