Robert Mammano Frezza Memorial Scholarship Fund
- Assets
- $599.3k
- Revenue
- -$407.0
- Investments
- $592.0k
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 08/2002
- Data as of
- 12/2022
- EIN
- 75-3010007
Organization Overview
Robert Mammano Frezza Memorial Scholarship Fund is located in Worcester, 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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 |
|---|---|---|---|
William Frezza Trustee | 2 | $0 | |
Max Levchin Trustee | 1 | $0 | |
Ken Easwaran Trustee | 1 | $0 | |
Dan Boneh Trustee | 0 | $0 | |
Chris Chin Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $12,951 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,361 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $804 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,304 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $33,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,283 |
| 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 | $599,308 |
| 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 $27,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA UNIVERSITY PURPOSE: MERIT SCHOLARSHIP FOR ALPER CANBERK COLUMBIA STUDENT | $6,000 |
HARVARD COLLEGE PURPOSE: MERIT SCHOLARSHIP FOR ANIKA BAGARIA - HARVARD STUDENT | $6,000 |
HARVARD COLLEGE PURPOSE: MERIT SCHOLARSHIP FOR JONATHAN D'SOUZA - HARVARD STUDENT | $6,000 |
UNIVERSITY OF VIRGINIA PURPOSE: MERIT SCHOLARSHIP FOR SOPHIE GUETTEL UVA STUDENT | $6,000 |
BROWN UNIVERSITY PURPOSE: MERIT SCHOLARSHIP FOR TIFFANY THOMAS - BROWN STUDENT | $3,000 |