Nonprofit · EIN 86-2991165
PETER J FRASSO JR MUSIC SCHOLARSHIP FUND
Tax-exempt · HAVERHILL, MA 01832
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990-EZ | $24,586 | $6,769 | $17,817 | $30,886 | $0 | $30,886 |
Financial details: 990-EZ for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $13,743
- Program service revenue
- $9,991
- Other revenue
- $852
Expenses
- Grants and similar amounts paid
- $2,000
- Compensation of officers, directors and key employees
- $0
- Occupancy
- $3,840
- Other expenses
- $929
- Program services (functional)
- $2,000
Balance sheet and other
- Total assets, start of year
- $13,069
- Total assets, end of year
- $30,886
- Total liabilities, end of year
- $0
- Net assets, end of year
- $30,886
- Cash, savings and investments
- $30,886
- Gross receipts
- $24,586
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAULA FRASSO | PRESIDENT | 10 | $0 |
| PETER FRASSO | TREASURER | 5 | $0 |
| ANTHONY FRASSO | CLERK | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 15 PARKER LN, HAVERHILL, MA 01832-1550
- In care of
- % PAULA J FRASSO
- Mailing address (990-N for 2025)
- 15 PARKER LANE, HAVERHILL MA 01832
- Principal officer (990-N for 2025)
- PAULA J FRASSO, 15 PARKER LANE, HAVERHILL MA 01832
- Signed the 990-EZ
- PAULA FRASSO, PRESIDENT
- Phone
- (781) 275-6747
- Return prepared by
- LORETTA M MCCLARY LAW LLC
Mission
PROVIDE ANNUAL SCHOLARSHIP AWARD TO COLLEGE BOUND HIGH SCHOOL SENIORS
Program accomplishments
- PROVIDE SCHOLARSHIPS TO HAVERHILL HIGH SCHOOL STUDENTS WHO ARE COLLEGE BOUNDExpenses $2,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-N on file |
| 2024 | December 31, 2024 | May 15, 2025 | Check at the IRS |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 86-2991165
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: PAULA J FRASSO | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $24,586 | $6,769 | $30,886 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-2991165).
Questions about PETER J FRASSO JR MUSIC SCHOLARSHIP FUND
- What is the EIN of PETER J FRASSO JR MUSIC SCHOLARSHIP FUND?
- The employer identification number (EIN) of PETER J FRASSO JR MUSIC SCHOLARSHIP FUND is 86-2991165.
- Is PETER J FRASSO JR MUSIC SCHOLARSHIP FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to PETER J FRASSO JR MUSIC SCHOLARSHIP FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PETER J FRASSO JR MUSIC SCHOLARSHIP FUND file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PETER J FRASSO JR MUSIC SCHOLARSHIP FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PETER J FRASSO JR MUSIC SCHOLARSHIP FUND last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of PETER J FRASSO JR MUSIC SCHOLARSHIP FUND?
- The 990-N for 2025 names PAULA J FRASSO.
- Who are the officers and directors of PETER J FRASSO JR MUSIC SCHOLARSHIP FUND?
- The 990-EZ for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
- How much revenue does PETER J FRASSO JR MUSIC SCHOLARSHIP FUND have?
- On its 990-EZ for the year ended December 31, 2023 it reported revenue of $24,586, expenses of $6,769 and total assets of $30,886 at year end.
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