Nonprofit · EIN 38-3865038
ECONOMIC EMPOWERMENT TRUST FUND
Tax-exempt · BOSTON, MA 02133
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $532,441 | $692,068 | -$159,627 | $915,122 | $0 | $915,122 |
| June 30, 2024 | 990 | $710,743 | $699,937 | $10,806 | $1,074,749 | $0 | $1,074,749 |
| June 30, 2023 | 990 | $915,462 | $73,292 | $842,170 | $1,063,943 | $0 | $1,063,943 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $532,000
- Program service revenue
- $0
- Investment income
- $441
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $641,430
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $688,573
- Management and general (functional)
- $3,495
Balance sheet and other
- Total assets, start of year
- $1,074,749
- Total assets, end of year
- $915,122
- Total liabilities, end of year
- $0
- Net assets, end of year
- $915,122
- Gross receipts
- $532,441
- Employees
- 0
- Year formed
- 2011
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EMILY TORRES-CULLINANA | Designee of AG Trustee or director | 0 | $0 |
| ALBERTO ANZOLA | Designee of Con Affair Trustee or director | 0 | $0 |
| TODD OSTROWSKI | Designee of Comm Ed Trustee or director | 0 | $0 |
| TOM MOREAU | Designee Sec of Ed Trustee or director | 0 | $0 |
| JACQUELINE MCPHERSON | Designee Sec HED Trustee or director | 0 | $0 |
| ELIZABETH BARAJAS-ROMAN | Appointee Trustee or director | 0 | $0 |
| ROY BELSON | Appointee Trustee or director | 0 | $0 |
| ELLEN KENNEDY | Appointee Trustee or director | 0 | $0 |
| EVELYN MURPHY | Appointee Trustee or director | 0 | $0 |
| YVONNE SPICER | Appointee Trustee or director | 0 | $0 |
| KRINA PATEL | Appointee Trustee or director | 0 | $0 |
| MARYBETH R BREED | Appointee Trustee or director | 0 | $0 |
| DR CHARLES F DESMOND | Appointee Trustee or director | 0 | $0 |
| SENATOR JAMIE ELDRIDGE | Appointee Trustee or director | 0 | $0 |
| RAICHELLE KALLERY | Appointee Trustee or director | 0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REPRESENTATIVE DANIEL RYAN | Appointee Trustee or director | 0 | $0 |
| REPRESENTATIVE STEVEN ULTRINO | Appointee Trustee or director | 0 | $0 |
| MICHAEL PRISCO | Appointee Trustee or director | 0 | $0 |
| ALAYNA VAN TASSEL | Executive Director Trustee or director | 0 | $0 |
| DEBORAH B GOLDBERG | Chair of EEFT Officer | 0 | $0 |
| BRITTE MCBRIDE | Designee Con Affairs Former | 0 | $0 |
| BARBARA ANTHONY | Appointee Former | 0 | $0 |
| HAMEL HUSBANDS | Appointee Former | 0 | $0 |
990 for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Various | See Attached Board Directors Trustee or director | 0 | $0 |
| Deborah B Goldberg | Treasurer and Receiver-Genera Officer | 0 | $0 |
990 for the year ended June 30, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Various | See Schedule O Board Director Trustee or director | 0 | $0 |
| Deborah B Goldberg | Treasurer and Receiver-Genera Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 24 BEACON ST STE 227, BOSTON, MA 02133-1099
- In care of
- % DEBORAH B GOLDBERG
- Mailing address (990-N for 2012)
- 24 Beacon St State House Room 227, Boston MA 02133
- Principal officer (990 for 2024)
- Deborah B Goldberg, 24 Beacon Street Ste Rm 227, Boston, MA 02133
- Principal officer (990-N for 2012)
- Steven Grossman, 24 Beacon St State House Room 227, Boston MA 02133
- Signed the 990
- DEBORAH B GOLDBERG, Chair of EETF
- Phone
- (617) 367-6900
Mission
Charitable, Literary & Educational
Program accomplishments
- The BabySteps Savings Plan consists of two (2)programs. - Babysteps and SNAP into BabySteps. BabySteps is a seeded college savings program that has grown statewide from the SeedMA pilot program. During FY25,approximately 11,500 newly opened U.Fund 529 accounts were funded with the $50 seed deposit funded by EETF. SNAP into BabySteps is a pilot program in which every Massachusetts child enrolled in both BabySteps Savings Plan and SNAP benefits program is eligible to receive an addtional monthly deposit of $10 to their MEFA U.Fund 529 account over the span of one year. The program began in September of 2024 and has funded approximately $62,000 in FY2025. The program is run in partnership with Mass Dept of Transitional Assistance.Expenses $641,430 · revenue $200,000
- Worth & Wealth W&W is a free multisession workshop program that provides financial education and financial wellness learning opportunities related to money management, retirement, and investment strategies.To further support participants in their financial journey, the W&W program offers access to free financial coaching with an accredited coach. The webinars and coaching sessions were available in available in English and Spanish. In FY24, $40,000.00 was received from Citizens Bank for workshops and coaching which ran from October 2024 through April 2025.Expenses $30,095 · revenue $40,000
- The Financial Wellness Program for State Employees and Retirees Financial Wellness FinWell was a program that provided free financial education for Massachusetts state employees and retirees. Funding was received in FY21 from the Wells Fargo Foundation through the National Association of State Treasurers NAST. This program ended in December 2024.Expenses $1,248
- Refer to Schedule OExpenses $15,800 · revenue $9,948
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 38-3865038
- 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
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $915,122
- Income (IRS master file)
- $532,441
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $532,441 | $692,068 | $915,122 | IRS |
| 990 | June 2024 | $710,743 | $699,937 | $1,074,749 | XML |
| 990 | June 2023 | $915,462 | $73,292 | $1,063,943 | XML |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | June 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: Steven Grossman | June 30, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 38-3865038).
Questions about ECONOMIC EMPOWERMENT TRUST FUND
- What is the EIN of ECONOMIC EMPOWERMENT TRUST FUND?
- The employer identification number (EIN) of ECONOMIC EMPOWERMENT TRUST FUND is 38-3865038.
- Is ECONOMIC EMPOWERMENT TRUST FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to ECONOMIC EMPOWERMENT TRUST FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC EMPOWERMENT TRUST FUND 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 ECONOMIC EMPOWERMENT TRUST FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC EMPOWERMENT TRUST FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ECONOMIC EMPOWERMENT TRUST FUND?
- The 990 for the year ended June 30, 2025 names Deborah B Goldberg.
- Who are the officers and directors of ECONOMIC EMPOWERMENT TRUST FUND?
- The 990 for the year ended June 30, 2025 lists 23 people; 0 received compensation from the organization.
- How much revenue does ECONOMIC EMPOWERMENT TRUST FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $532,441, expenses of $692,068 and total assets of $915,122 at year end.
Other nonprofits in BOSTON
- ACTION FOR BOSTON COMMUNITY DEVELOPMENT EIN 04-2304133 · last filed 990 for 2025
- YOUNG MENS CHRISTIAN ASSOCIATION OF GREATER BOSTON INC EIN 04-2103551 · last filed 990 for 2025
- PINE STREET INN INC EIN 04-2516093 · last filed 990 for 2025
- THE HOME FOR LITTLE WANDERERS INC EIN 04-2104764 · last filed 990 for 2025
- CENTRAL BOSTON ELDER SERVICES INC EIN 04-2546441 · last filed 990 for 2025
- BOSTON HEALTH CARE FOR THE HOMELESS PROGRAM INC EIN 04-3160480 · last filed 990 for 2025
- SOCIAL FINANCE INC EIN 27-4620963 · last filed 990 for 2024
- NEWBRIDGE ON THE CHARLES INC EIN 38-3707573 · last filed 990 for 2025