Mario Pedrozzi Scholarship Foundation
- Assets
- $7.5m
- Revenue
- $1.5m
- Investments
- $7.4m
- Employees
- 0
- Location
- Livermore, CA
- Founding
- 08/2006
- Data as of
- 09/2022
- EIN
- 20-1025764
Organization Overview
Mario Pedrozzi Scholarship Foundation is located in Livermore, CA. The organization was established in 2006. 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. Mario Pedrozzi 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 09/2022, Mario Pedrozzi Scholarship Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $755.1k during the year ending 09/2022. While expenses have increased by 5.0% per year over the past 6 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.
Since 2015, Mario Pedrozzi Scholarship Foundation has awarded 746 individual grants totaling $2,619,676. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE EQUITY IN OPPORTUNITY FOR MARYLIN AVENUE ELEMENTARY SCHOOL (TITLE I, LVJUSD SCHOOL) HIGH ACHIEVING STUDENTS IN PURSUIT OF THEIR EDUCATIONAL GOALS BEYOND HIGH SCHOOL, THE FOUNDATION CREATED THE PEDROZZI YOUNG SCHOLARS PROGRAM. KEY ELEMENTS OF THE PROGRAM ARE ENRICHMENT, ENGAGEMENT, EXPOSURE AND ENCOURAGEMENT FOR THE STUDENTS AND THEIR FAMILIES. THE PROGRAM IS DESIGNED TO HELP AND ENCOURAGE THESE STUDENTS TO SUCCEED ACADEMICALLY IN THEIR MIDDLE SCHOOL AND HIGH SCHOOL YEARS, AND TO BE BETTER PREPARED FOR ENTERING A COLLEGE OR VOCATIONAL TRAINING PROGRAM. PARENT AND FAMILY ENGAGEMENT IS A KEY COMPONENT OF THE PROGRAM. WORKSHOPS TO HELP PARENTS UNDERSTAND AND ENGAGE WITH THE SCHOOLS ARE PRESENTED THROUGHOUT THE YEAR. THE FOUNDATION COLLABORATES WITH OTHER STAKEHOLDERS TO DELIVERY IMPACTFUL PROGRAMS. IN PARTNERSHIP WITH QUEST SCIENCE CENTER,PROGRAM PARTICIPANTS WORKED AS INTERNS, PARTICIPATED IN COMMUNITY SCIENCE PROGRAMS, AND/OR CREATED A PROJECT TO BE DISPLAYED AT A REGIONAL INN
IN PARTNERSHIP WITH INNOVATION TRI-VALLEY, THE PEDROZZI FOUNDATION PAID FOR LIVERMORE SCHOOL DISTRICT HIGH SCHOOL SENIORS AND RECENT GRADUATES TO PARTICIPATE IN THE BOOMERANG CAREER LAUNCH ACADEMY. THE GOAL OF THE ITV BOOMERANG PROGRAM IS TO INTRODUCE LOCAL STUDENTS TO FUTURE LOCAL CAREER OPPORTUNITIES. CAREER LAUNCH ACADEMY IS A STUDENT-CENTER COURSE WHICH PROVIDES STUDENTS THE TOOLS AND RESOURCES TO BUILD A PROFESSIONAL NETWORK FROM SCRATCH AS PART OF THEIR HOLISTIC INTERNSHIP/JOB SEARCH.
THE FOUNDATION DISTRIBUTED SCHOLARSHIP FUNDS TO 392 STUDENTSATTENDING 121 DIFFERENT COLLEGES AND SCHOOLS. OF THE STUDENTSRECEIVING INITIAL FUNDING FROM THE FOUNDATION IN 2022, 20% ARE THEFIRST IN THEIR FAMILIES TO ATTEND COLLEGE. OF THE $428,341 INSCHOLARSHIPS DISBURSED, $34,750 WAS FOR COMMUNITY COLLEGE AND TECHNICAL VOCATIONAL TRAINING, INCLUDING TOOL SCHOLARSHIPS FOR ELIGIBLE APPRENTICES ENROLLED IN ONE OF THE FIVE BUILDING TRADES APPRENTICESHIP PROGRAMS AT ABC NORCAL. THE FOUNDATION WORKS TO HELP CREATE A COLLEGE- AND CAREER-BOUNDCULTURE FOR ALL LIVERMORE STUDENTS. THE FOUNDATION VALUES ALL POST-SECONDARY PURSUITS, WHICH IS WHY SCHOLARSHIPS ARE AWARDED FOR TRADITIONAL COLLEGE-BOUND HIGH SCHOOL STUDENTS AS WELL AS ELIGIBLE STUDENTS PURSING CAREER PREPARATION THROUGH VOCATIONAL TRAINING AND APPRENTICESHIP PROGRAMS. IN ADDITION TO AWARDING SCHOLARSHIPS, PROGRAMMING INCLUDES FINANCIAL AID WORKSHOPS, THE PEDROZZI YOUNG SCHOLARS PROGRAM AND EXTRA RESOURCES FOR COMMUNITY COLLEGE STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Siegfried Executive Dir. | 40 | $119,423 | |
Cassie Braun Director | 3 | $0 | |
FR Bob Mendonca Director | 1 | $0 | |
Monica Moya Director | 3 | $0 | |
Sean Batchelor CPA Director/pres. | 5 | $0 | |
Lingagoud Memula Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $178,776 |
| Interest on Savings | $0 |
| Dividends & Interest | $182,190 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,119,585 |
| Capital Gain Net Income | $1,119,585 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,401 |
| Total Revenue | $1,489,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $123,006 |
| Other employee salaries and wages | $65,403 |
| Pension plans, employee benefits | $17,461 |
| Interest | $0 |
| Taxes | $11,560 |
| Depreciation | $0 |
| Occupancy | $10,122 |
| Travel, conferences, and meetings | $2,032 |
| Printing and publications | $0 |
| Other expenses | $54,249 |
| Total operating and administrative expenses | $326,748 |
| Contributions, gifts, grants paid | $428,342 |
| Total expenses and disbursements | $755,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,261 |
| Savings and temporary cash investments | $23,647 |
| 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 | $7,419,249 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,546,157 |
| Accounts payable and accrued expenses | $282 |
| 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 | $282 |
Grants Awarded
Over the last fiscal year, Mario Pedrozzi Scholarship Foundation has awarded $428,342 in support to 123 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CALIFORNIA DAVIS PURPOSE: SCHOLARSHIPS | $33,333 |
LAS POSITAS COLLEGE PURPOSE: SCHOLARSHIPS | $28,750 |
UNIVERSITY OF CALIFORNIA BERKELEY PURPOSE: SCHOLARSHIPS | $27,375 |
CAL POLY SAN LUIS OBISPO PURPOSE: SCHOLARSHIPS | $23,917 |
UNIVERSITY OF CALIFORNIA LOS ANGELES PURPOSE: SCHOLARSHIPS | $21,500 |
La Jolla, CA PURPOSE: SCHOLARSHIPS | $17,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mario Pedrozzi Scholarship Foundation has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Community Health And Education Foundation Livermore, CA PURPOSE: Unristricted Funds | $0 |
Community Health And Education Foundation Livermore, CA PURPOSE: Unristricted Funds | $0 |
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 |