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Nonprofit · EIN 04-3340006

THE JOSETTA FUND

Also known as NOWAK MARK A TTEE

Tax-exempt · BOSTON, MA 02110

Financials

$2.3M$5.4M2023$3.8M$5.6M2024$4M$6.7M2025
Revenue Expenses · by fiscal year end
Financials of THE JOSETTA FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-PF$4,002,513$6,659,314-$2,656,801$24,609,116$0$24,609,116
December 31, 2024990-PF$3,770,774$5,631,837-$1,861,063$27,441,267$0$27,441,267
December 31, 2023990-PF$2,346,103$5,363,337-$3,017,234$28,776,049$0$28,776,049
Financial details: 990-PF for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$300,000
Dividends
$766,584
Net gain from sales of assets
$2,935,929

Expenses

Grants and similar amounts paid
$6,098,926
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$6,343,909
Excise tax on investment income
$47,051

Balance sheet and other

Total assets, start of year
$27,441,267
Total assets, end of year
$24,609,116
Total liabilities, end of year
$0
Net assets, end of year
$24,609,116
Fair market value of assets
$32,952,103
Qualifying distributions
$6,343,909
Net investment income
$3,700,404

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-PF for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
MARTHA R GERRY TOWNLEY
C/O MARK A NOWAK 265 FRANKLIN, STREET, BOSTON, MA 021103113
TRUSTEE1$0
F BRADFORD TOWNLEY
C/O MARK A NOWAK 265 FRANKLIN, STREET, BOSTON, MA 021103113
TRUSTEE1$0
MARK A NOWAK
C/O MARK A NOWAK 265 FRANKLIN, STREET, BOSTON, MA 021103113
TRUSTEE10$0
990-PF for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
MARTHA R GERRY TOWNLEY
C/O MARK A NOWAK 265 FRANKLIN, STREET, BOSTON, MA 021103113
TRUSTEE1$0
F BRADFORD TOWNLEY
C/O MARK A NOWAK 265 FRANKLIN, STREET, BOSTON, MA 021103113
TRUSTEE1$0
MARK A NOWAK
C/O MARK A NOWAK 265 FRANKLIN, STREET, BOSTON, MA 021103113
TRUSTEE10$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
MARTHA R GERRY TOWNLEY
C/O MARK A NOWAK 125 HIGH STREET, BOSTON, MA 021101624
TRUSTEE1$0
F BRADFORD TOWNLEY
C/O MARK A NOWAK 125 HIGH STREET, BOSTON, MA 021101624
TRUSTEE1$0
MARK A NOWAK
C/O MARK A NOWAK 125 HIGH STREET, BOSTON, MA 021101624
TRUSTEE10$0

Address and contacts

Address (IRS master file)
MCCARTER ENGLISH 265 FRANKLIN ST, BOSTON, MA 02110-0000
In care of
% BURNS & LEVISON
Signed the 990-PF
MARK A NOWAK, CO-TRUSTEE
Phone
(617) 733-1353
Return prepared by
DARMODY MERLINO & CO LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. 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, 2026990-PF on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
04-3340006
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1997
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$24,609,116
Income (IRS master file)
$11,013,340

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2025$4,002,513$6,659,314$24,609,116IRS
990-PFDecember 2024$3,770,774$5,631,837$27,441,267IRS
990-PFDecember 2023$2,346,103$5,363,337$28,776,049XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 04-3340006).

Questions about THE JOSETTA FUND

What is the EIN of THE JOSETTA FUND?
The employer identification number (EIN) of THE JOSETTA FUND is 04-3340006.
Is THE JOSETTA FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to THE JOSETTA FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THE JOSETTA FUND file?
Form 990-PF. Private foundations file every year.
When is the next return of THE JOSETTA 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 THE JOSETTA FUND last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2025.
Who are the officers and directors of THE JOSETTA FUND?
The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does THE JOSETTA FUND have?
On its 990-PF for the year ended December 31, 2025 it reported revenue of $4,002,513, expenses of $6,659,314 and total assets of $24,609,116 at year end.

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