PETER J FRASSO JR MUSIC SCHOLARSHIP FUND
HAVERHILL,
Massachusetts,
01832
EIN: 86-2991165
Educational Institutions and Related Activities
MISSION
Scholarship Fund will distribute annual tuition awards to high school students entering college within the calendar year. The students are selected who are pursuing an advanced degree in music or who have shown a proficiency in music during school.
DEMOGRAPHIC
ADDRESS
15 PARKER LN
01832
COUNTY
essex county, MA
IN CARE OF NAME
PAULA J FRASSO
ORGANIZATIONAL OVERVIEW & RANKINGS
PETER J FRASSO JR MUSIC SCHOLARSHIP FUND is a based in HAVERHILL, MA, focused on Educational Institutions and Related Activities causes , specifically Scholarships, Student Financial Aid Services, Awards. Established in July 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $13,069.00, this ranks 680,137 among 2,656,690 nonprofits nationally (Top 26%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 22,450 out of 58,562 organizations in MA (Top 39%).
In essex county, MA, the organization ranks 2,275 out of 5,801 nonprofits by assets (Top 40%), while locally in haverhill, it stands at 107 among 312 organizations (Top 32%).
The organization reported annual revenue of $7,978.00, ranking 595,405 nationally (Top 23%) and 18,883 in MA (Top 33%).
Within its specific NTEE classification (B82 - B: Educational Institutions and Related Activities), which includes 31,922 similar organizations, PETER J FRASSO JR MUSIC SCHOLARSHIP FUND ranks 9,314 in assets (Top 30%) and 5,931 in revenue (Top 19%).
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B82: Scholarships, Student Financial Aid Services, Awards
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
2: $10,000 to $24,999
INCOME AMOUNT
$13,092.00
FORM 990 REVENUE AMOUNT
$7,978.00
RULING DATE
07/2021
ASSET CODE
2: $10,000 to $24,999
ASSET AMOUNT
$13,069.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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