2022-11-14T21:53:28-07:00 2021-12-31 990 2021-01-01 341867749 PERRY FOUNDATION INC PERR 4407815771 PO Box 103 Perry OH 44081 Michael Patrizi Treasurer 4407815771 2022-11-14 0 11 0 AAL2 2021 2022-09-23 18:48:47Z X Michael Patrizi 2501 Norway Dr Painesville OH 44077 84567 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 28795 13937 13 712 76281 69918 0 0 105089 84567 22100 23500 0 0 0 0 0 0 0 8206 8691 30306 32191 74783 52376 1178219 1230595 0 0 1178219 1230595 Provide scholarships and loans to the graduates of Perry High School so that they can continue their education beyond high school. 0 0 23500 0 0 In 2021 we gave eighteen (18) scholarships that totaled $23,500 (ranging from $500 to $3,000). These were given to 2021 graduates of Perry High School. 0 0 0 We provided thirteen (13) Perry High School graduates 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 23500 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 X Toni Kramer Trustee 0.25 X 0 0 0 Coletta Hazel Trustee 0.25 X 0 0 0 Tracy Smart Trustee 0.25 X 0 0 0 Scott Antolovich Trustee 0.25 X 0 0 0 Sara Tackett Trustee 0.25 X 0 0 0 Larry Brainard President 0.5 X 0 0 0 Rick Amos Vice President 0.5 X 0 0 0 Michael Patrizi Treasurer 2 X 0 0 0 Jack Thompson Secretary 0.5 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13937 0 13937 Interest on Loans 523991 712 712 0 0 0 0 0 0 712 69918 69918 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 84567 70630 0 0 0 0 23500 23500 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 3200 0 3200 0 0 0 0 0 0 0 4085 0 4085 0 0 0 0 0 0 0 0 0 96 0 96 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 0 1054 0 1054 0 PO Box Rental 56 0 56 0 State of Ohio Filing Fee 200 0 200 0 0 0 0 0 32191 23500 8691 0 45862 37388 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 737207 803040 0 0 0 0 0 0 395150 390167 1178219 1230595 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1178219 1230595 0 0 1178219 1230595 1178219 1230595 52376 0 0 0 0 0 X 0 0 0 X 35223 9070 47391 28795 13937 134416 0 0 0 0 0 0 0 0 0 0 0 0 35223 9070 47391 28795 13937 134416 43122 91294 85834 -21246 92249 76281 69918 303036 0 0 0 0 0 0 0 0 0 0 0 437452 0 0.20869 0.2166 X The Perry Foundation's sole purpose is to provide financial opportunities to those students from the Perry Local Schools to continue their education post high school graduation. 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 nine individuals that all volunteer their time to over see 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 are affiliated with the the particular scholarship in affiliation with Perry High School. Loan recipients are awarded upon application to the Foundation trustee's. All graduates of Perry High School are welcome to apply and as of this date anyone that has requested funds has not 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 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 interest received and allocates it back to all of the scholarship and loan accounts therefor increasing the amount of funds available to students to use. While this helps provide students 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 unusual in-flux of funds that have helped the overall purpose of the Foundation to provide the students of the Perry Local School District an opportunity to continue their education. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Student Loans 390167 390167 1 Scholarships for graduating students 18 23500 0 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 The organization is provided a copy of the current year tax forms for their review at on of our monthly meetings prior to submission. This normally done at our April meeting as to make the filing deadline of May15th. Form 990, Part VI, Section C, Line 19 The organization 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. Foundation completed and filed Form 8868 for an extension of time to file on 4/5/22.