Nonprofit · EIN 31-1601979
THE EAST BOSTON FOUNDATION
Tax-exempt · EAST BOSTON, MA 02128
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $695,346 | $688,089 | $7,257 | $1,445,987 | $181,116 | $1,264,871 |
| December 31, 2023 | 990 | $697,247 | $502,808 | $194,439 | $1,483,126 | $225,512 | $1,257,614 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $687,000
- of which government grants
- $687,000
- Program service revenue
- $0
- Investment income
- $8,346
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $624,120
- Compensation of officers, directors and key employees
- $40,000
- Salaries, compensation and benefits (total)
- $43,214
- Professional fundraising fees
- $0
- Accounting fees
- $13,900
- Occupancy
- $411
- Program services (functional)
- $624,120
- Management and general (functional)
- $63,969
Balance sheet and other
- Total assets, start of year
- $1,483,126
- Total assets, end of year
- $1,445,987
- Total liabilities, end of year
- $181,116
- Net assets, end of year
- $1,264,871
- Net assets without donor restrictions
- $128,542
- Net assets with donor restrictions
- $1,136,329
- Gross receipts
- $695,346
- Employees
- 1
- Volunteers
- 0
- Year formed
- 1998
- 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.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| LORENE SCHETTINO | EXECUTIVE DIRECTOR Officer | 20 | $0 | $40,000 |
| CHRISTOPHER MARCHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NINA GAETA COLETTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KANNAN THIRU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF DRAGO ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID ARINELLA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| AUDRY NAGLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS TASSINARI | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| GLORIBELL MOTA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRAN CARBONE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES KEARNEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| LORENE SCHETTINO | EXECUTIVE DIRECTOR Officer | 20 | $0 | $40,000 |
| CHRISTOPHER MARCHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NINA GAETA COLETTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KANNAN THIRU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF DRAGO ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID ARINELLA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| AUDRY NAGLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOMAS TASSINARI | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| GLORIBELL MOTA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| FRAN CARBONE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JAMES KEARNEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 245 SUMNER ST APT 110, EAST BOSTON, MA 02128-2192
- In care of
- % EAST BOSTON SAVINGS BANK
- Principal officer (990 for 2024)
- LORENE SCHETTINO ESQ, 245 SUMNER STREET SUITE 110, EAST BOSTON, MA 02128
- Signed the 990
- DAVID ARINELLA, TREASURER
- Phone
- (617) 561-6336
- Website
- HTTP://WWW.EBFOUNDATION.COM
- Return prepared by
- BOLLUS LYNCH LLP
Mission
ADDRESS SOCIOECONOMIC AND ENVIRONMENTAL IMPACTS ON THE EAST BOSTON COMMUNITY ARISING AS A RESULT OF PROJECTS, FACILITIES, AND ACTIVITIES NOW BEING CARRIED OUT AND TO BE CARRIED OUT IN THE FUTURE AT BOSTON-LOGAN INTERNATIONAL AIRPORT BY THE MASSACHUSETTS PORT AUTHORITY.
Program accomplishments
- VARIOUS GRANTS MADE TO EAST BOSTON ORGANIZATIONS TO SUPPORT AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY.Expenses $624,120 · grants $624,120
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1601979
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30Z)
- Assets (IRS master file)
- $1,445,987
- Income (IRS master file)
- $695,346
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $695,346 | $688,089 | $1,445,987 | XML |
| 990 | December 2023 | $697,247 | $502,808 | $1,483,126 | XML |
| 990 | December 2022 | $3,478 | $414,476 | $1,280,592 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 31-1601979).
Questions about THE EAST BOSTON FOUNDATION
- What is the EIN of THE EAST BOSTON FOUNDATION?
- The employer identification number (EIN) of THE EAST BOSTON FOUNDATION is 31-1601979.
- Is THE EAST BOSTON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to THE EAST BOSTON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THE EAST BOSTON FOUNDATION 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 THE EAST BOSTON FOUNDATION 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 THE EAST BOSTON FOUNDATION 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 THE EAST BOSTON FOUNDATION?
- The 990 for the year ended December 31, 2024 names LORENE SCHETTINO ESQ.
- Who are the officers and directors of THE EAST BOSTON FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does THE EAST BOSTON FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $695,346, expenses of $688,089 and total assets of $1,445,987 at year end.
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All nonprofits in EAST BOSTON · Massachusetts · Philanthropy, voluntarism and grantmaking foundations