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Nonprofit · EIN 04-2731195

BOSTON GLOBE FOUNDATION INC

Tax-exempt · BOSTON, MA 02109

Financials

$2.9M$1.5M2023$1.9M$1.7M2024
Revenue Expenses · by fiscal year end
Financials of BOSTON GLOBE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,949,273$1,684,186$265,087$5,071,900$55,535$5,016,365
December 31, 2023990$2,852,901$1,524,629$1,328,272$4,859,580$146,791$4,712,789
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,864,983
Program service revenue
$0
Investment income
$84,290
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,182,881
Other salaries and wages
$98,220
Salaries, compensation and benefits (total)
$98,220
Professional fundraising fees
$0
Accounting fees
$22,575
Program services (functional)
$1,617,431
Management and general (functional)
$61,844
Fundraising (functional)
$4,911

Balance sheet and other

Total assets, start of year
$4,859,580
Total assets, end of year
$5,071,900
Total liabilities, end of year
$55,535
Net assets, end of year
$5,016,365
Publicly traded securities
$1,382,868
Net assets without donor restrictions
$1,088,378
Net assets with donor restrictions
$3,927,987
Gross receipts
$4,030,227
Employees
0
Volunteers
165
Year formed
1981
State of legal domicile
MA

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 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CHARLOTTE VENACLERK
Trustee or director, Officer
0.1$0
LINDA PIZZUTI HENRYCHAIRWOMAN/DIRECTOR
Trustee or director, Officer
8$0
WALTER SILVATREASURER
Trustee or director, Officer
0.1$0
ERIKA HALEBOARD MEMBER/DIRECTOR
Trustee or director
0.1$0
ERIN MAGHRANBOARD MEMBER/DIRECTOR
Trustee or director
0.1$0
HEIDI FLOOD thru 4424BOARD MEMBER/DIRECTOR
Trustee or director
0.1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
LINDA PIZZUTI HENRYCHAIRWOMAN/DIRECTOR
Trustee or director, Officer
8$0
WALTER SILVATREASURER
Trustee or director, Officer
0.1$0
CHARLOTTE VENACLERK
Trustee or director, Officer
0.1$0
HEIDI FLOODBOARD MEMBER/DIRECTOR
Trustee or director
0.1$0
ERIN MAGHRANBOARD MEMBER/DIRECTOR
Trustee or director
0.1$0
ERIKA HALEBOARD MEMBER/DIRECTOR
Trustee or director
0.1$0

Address and contacts

Address (IRS master file)
1 EXCHANGE PL STE 201, BOSTON, MA 02109-2132
Principal officer (990 for 2024)
WALTER SILVA, 1 EXCHANGE PLACE STE 201, BOSTON, MA 021092132
Signed the 990
WALTER SILVA, TREASURER
Phone
(617) 929-2092
Return prepared by
Forvis Mazars LLP

Mission

TO CONDUCT VARIOUS COMMUNITY AND PUBLIC SERVICE PROGRAMS, INCLUDING DISTRIBUTING HOLIDAY GIFTS TO NEEDY CHILDREN AND PROVIDING EDUCATIONAL SCHOLARSHIPS.

990 for the year ended December 31, 2024

Program accomplishments

  • GLOBE SANTA PROGRAM: THE MONEY RAISED FROM SOLICITED CONTRIBUTIONS IS USED TO PURCHASE HOLIDAY GIFTS FOR NEEDY CHILDREN. GIFTS ARE GIVEN TO INDIVIDUALS WHO REQUEST ASSISTANCE IN WRITING. THE POTENTIAL RECIPIENTS OF SUCH GIFTS ARE RECOMMENDED BY APPROPRIATE CHURCHES AND SOCIAL AGENCIES, SUBJECT TO VERIFICATION PRIOR TO GIFTS BEING MADE. IN 2024, GLOBE SANTA SERVED APPROXIMATELY 28,832 CHILDREN / 16,308 FAMILIES.
    Expenses $1,458,431 · grants $1,023,881
  • WINSHIP SCHOLARSHIP PROGRAM AND MAJORIE L. ADAMS SCHOLARSHIP PROGRAM: PROVIDES SCHOLARSHIP AID TO CHILDREN OF FULL-TIME EMPLOYEES OF THE BOSTON GLOBE.
    Expenses $109,000 · grants $109,000
  • NEWS IN EDUCATION: SUPPORTS A WIDE RANGE OF EDUCATION-RELATED PROJECTS INCLUDING AWARDING SCHOLARSHIPS AND WRITING AWARDS TO STUDENTS; AND PROVIDING EDUCATORS AND STUDENTS WITH BOSTON GLOBE CONTENT AND CLASSROOM LESSONS.
    Expenses $50,000 · grants $50,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-2731195
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1981
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,071,900
Income (IRS master file)
$4,030,227

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,949,273$1,684,186$5,071,900IRS
990December 2023$2,852,901$1,524,629$4,859,580XML
990December 2022$1,783,029$1,426,136$3,475,027IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 04-2731195).

Questions about BOSTON GLOBE FOUNDATION INC

What is the EIN of BOSTON GLOBE FOUNDATION INC?
The employer identification number (EIN) of BOSTON GLOBE FOUNDATION INC is 04-2731195.
Is BOSTON GLOBE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
Are donations to BOSTON GLOBE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BOSTON GLOBE FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BOSTON GLOBE FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BOSTON GLOBE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BOSTON GLOBE FOUNDATION INC?
The 990 for the year ended December 31, 2024 names WALTER SILVA.
Who are the officers and directors of BOSTON GLOBE FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does BOSTON GLOBE FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,949,273, expenses of $1,684,186 and total assets of $5,071,900 at year end.

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