2026-05-15T20:35:31-07:00 2025-12-31 990 2025-01-01 341867749 PERRY FOUNDATION INC PERR 4407815771 PO Box 103 Perry OH 44081 Michael Patrizi Treasurer 4407815771 2026-05-12 2025 2025-03-06 01:10:19Z X Michael Patrizi 2501 Norway Dr Painesville OH 44077 133867 0 X X 1936 OH Provide scholarships and loans to graduates of Perry High School so that they can continue their education beyond high school. 9 9 0 9 0 0 28229 17800 3112 3315 72106 112752 0 0 103447 133867 21500 27600 0 0 0 0 0 0 0 5395 4613 26895 32213 76552 101654 1279672 1381326 0 0 1279672 1381326 Provide scholarships and loans to the graduates of Perry High School so that they can continue their education beyond high school. 0 0 27600 0 0 In 2025 we gave twenty-two (22) scholarships that totaled $27,600 (ranging from $500 to $3,000). These were given to 2025 graduates of Perry High School. 0 0 0 We provided eight (8) Perry High School graduates totaling $30,000 with loans (ranging from $3,000 to $4,000) for post-secondary education. Repayment at 4% interest begins when the student graduates from college or is no longer a full-time student. NOTE: These loans are listed as assets of the corporation (not listed as expenses). 0 0 0 27600 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 OH X Michael Patrizi 4407815771 2501 Norway Dr Painesville OH 44077 Larry Brainard President 0.5 X X 0 0 0 Michael Patrizi Treasurer 1 X X 0 0 0 Todd Porcello Secretary 0.5 X X 0 0 0 Tracy Smart Vice President 0.25 X X 0 0 0 Scott Antolovich Trustee 0.25 X 0 0 0 George Hazel Trustee 0.25 X 0 0 0 Ashley Preto Trustee 0.25 X 0 0 0 Jennifer Grega Trustee 0.25 X 0 0 0 Karen Sunday Trustee 0.25 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17800 0 17800 3315 3315 0 0 3315 112752 112752 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 133867 116067 0 0 0 0 27600 27600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2441 0 2441 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 210 0 210 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1250 1250 State of Ohio Filing Fee 200 0 200 0 Bank/Venmo Fees 512 0 512 0 32213 27600 4613 0 159826 171749 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 857335 970088 0 0 0 0 0 0 262511 239489 1279672 1381326 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1279672 1381326 0 0 1279672 1381326 1279672 1381326 101654 0 0 0 0 0 X 0 0 0 X 13937 15100 8553 28579 18545 84714 0 0 0 0 13937 15100 8553 28579 18545 84714 39033 45681 69918 -92529 89717 72106 112752 251964 0 0 336678 0.13568 0.30588 X The Perry Foundation's sole purpose is to provide financial opportunities to students from the Perry Local School District to continue their education post high school. The Foundation accomplishes this by providing scholarships and low-interest loans to any student that applies. All the funds that the Foundation oversees were donations that were received over time from individuals or organizations. The Perry Foundation is comprised of ten individuals that all volunteer their time to oversee the foundation, eight are former graduates of the Perry Local Schools and the other being the current Superintendent of Schools. Scholarship winners are selected by a committee that is affiliated with the particular scholarship in cooperation with Perry High School. Loan recipients are awarded upon application to the foundation trustees. All graduates of Perry Local Schools are welcome to apply and as of this date anyone that has requested funds has never been turned away. The main reason that the Perry Foundation has fallen below the 33.3% test is actually a benefit to all of the students of the Perry Local Schools. A number of years ago the Foundation received a couple of large donations that increased the funds available to students as well as increased the amount of interest that the Foundation receives each year. The Foundation takes all the interest that it received an allocates it back to all of the scholarship and loan accounts therefor increasing the amounts of funds available for student use. While this helps provides more opportunities it also affects our Schedule A Part II Section B Line 11 Total Support amount. When we divide our actual donations over the last five years by that amount we fall below the 33.3% public support figure. I am hoping that you will see that the Perry Foundation does continue to rely on the support of the public and was fortunate to receive an influx of funds that have helped the overall purpose of the Foundation to provide the students the Perry Local School District an opportunity to continue their education. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Outstanding Student Loans 239489 239489 1 Scholarships for graduating high school seniors 22 27600 0 Schedule I, Part I, Line 2 The Perry Foundation does not monitor how the students use their scholarship funds. The funds range from $500 to a max of $3,000. Form 990, Part VI, Section B, Line 11b Form 990, Part VI, Section B, Line 11b - The organization is provided with a copy of the current years tax forms for their review at one of our monthly meetings prior to submission. This is normally done at our April meeting as to make the filing deadline of May 15th. Form 990, Part VI, Section C, Line 19 Form 990, Part VI, Section C, Line 19 - The Perry Foundation provides the public the opportunity to view its governing documents, conflict of interest policy and financial statements upon request and are available at any meeting of the foundation throughout the year.