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Nonprofiteer
← JULIE AND MICHAEL TRACY FAMILY FOUNDATION

Form 990 for tax year 2024

Filed by JULIE AND MICHAEL TRACY FAMILY FOUNDATION.

Totals

Total revenue
$1,437,970
Total expenses
$1,214,335
Contributions and grants received
$1,320,150
Grants paid
$0
Program service revenue
$97,462
Investment income
$7,366
Other revenue
$12,992
Total assets, end of year
$1,336,341
Total liabilities, end of year
$248,290
Net assets or fund balances, end of year
$1,088,051
Program services expenses (Part IX)
$899,427
Management and general expenses
$270,525
Fundraising expenses
$44,383
Program service expenses (Part III)
$899,427

Program services were 74.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,057,684

  • 1f · All other contributions, gifts and grants

    $262,466

  • 2a · Program service revenue: RESIDENT CHARGES

    total $52,593 · related or exempt $52,593

  • 2b · Program service revenue: URBAN VOCATIONAL GARDE

    total $24,560 · related or exempt $24,560

  • 2c · Program service revenue: OTHER

    total $20,309 · related or exempt $20,309

  • 3 · Investment income

    total $7,366 · excluded $7,366

  • 11a · Other revenue: MISCELLANEOUS

    total $12,992 · related or exempt $12,992

  • 11e · Other revenue, total

    $12,992

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $139,003 · program services $104,252 · management and general $13,900 · fundraising $20,851

  • 7 · Other salaries and wages

    total $474,748 · program services $417,245 · management and general $57,503

  • 8 · Pension plan contributions

    total $4,170 · management and general $4,170

  • 10 · Payroll taxes

    total $48,455 · program services $41,112 · management and general $5,748 · fundraising $1,595

  • 11b · Fees: legal

    total $7,712 · management and general $7,712

  • 11c · Fees: accounting

    total $14,999 · management and general $14,999

  • 11g · Fees: other

    total $49,349 · management and general $49,349

  • 12 · Advertising and promotion

    total $17,933 · fundraising $17,933

  • 13 · Office expenses

    total $11,339 · management and general $8,572 · fundraising $2,767

  • 14 · Information technology

    total $5,582 · program services $5,582

  • 16 · Occupancy

    total $54,150 · program services $54,150

  • 19 · Conferences, conventions and meetings

    total $3,707 · program services $1,754 · management and general $1,953

  • 20 · Interest

    total $11,145 · program services $11,145

  • 22 · Depreciation, depletion and amortization

    total $107,020 · program services $107,020

  • 23 · Insurance

    total $103,888 · program services $5,073 · management and general $98,815

  • 24a · Other expenses: RESIDENTIAL HOUSING

    total $54,617 · program services $54,617

  • 24b · Other expenses: TRANSITION ACADEMY

    total $50,288 · program services $50,288

  • 24c · Other expenses: URBAN VOCATIONAL GARDEN

    total $46,850 · program services $46,850

  • 24d · Other expenses: MISCELLANEOUS

    total $6,303 · program services $339 · management and general $4,727 · fundraising $1,237

  • 24e · All other expenses

    total $3,077 · management and general $3,077

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,876 · end of year $31,725

  • 2 · Savings and temporary cash investments

    beginning of year $755,641 · end of year $938,313

  • 3 · Pledges and grants receivable

    beginning of year $84,454 · end of year $120,476

  • 4 · Accounts receivable

    beginning of year $223

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,800 · end of year $10,704

  • 10a · Land, buildings and equipment: cost or other basis

    $47,716

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,073

  • 10c · Land, buildings and equipment, net

    beginning of year $15,193 · end of year $17,643

  • 15 · Other assets

    beginning of year $316,578 · end of year $217,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,985 · end of year $30,878

  • 24 · Unsecured notes and loans payable

    beginning of year $314,364 · end of year $217,412

  • 27 · Net assets without donor restrictions

    beginning of year $773,348 · end of year $967,575

  • 28 · Net assets with donor restrictions

    beginning of year $91,068 · end of year $120,476

Mission and programs · 2024

Mission

THE FOUNDATION IS DEDICATED TO CHANGING OUTCOMES FOR YOUNG ADULTS WITH AUTISM THROUGH AN INTEGRATED COMMUNITY LIFE THAT ADVANCES SOCIAL AND VOCATIONAL OPPORTUNITIES.

  • THE FOUNDATION INCURRED COSTS IN CONNECTION WITH ITS GROWING SOLUTIONS FARM PROJECT WHICH WILL PROVIDE INDIVIDUALS WITH DISABILITIES AN OPPORTUNITY TO DEVELOP TRANSFERRABLE JOB SKILLS.

    Expenses $156,801 · Revenue $24,560

  • THE FOUNDATION INCURRED COSTS IN CONNECTION WITH TWO RESIDENTIAL PROPERTIES, ONE OF WHICH NOT ONLY PROVIDES SUPERVISED LIVING BUT ALSO INCLUDES COMMUNITY SPACE THAT OFFERS SOCIAL NETWORKING OPPORTUNITIES.

    Expenses $59,098 · Revenue $52,593

  • THE FOUNDATION INCURRED COSTS ASSOCIATED WITH A TRANSITION ACADEMY AND THE ESTABLISHMENT OF A LEARNING LAB, TO PROVIDE STUDENTS WITH AUTISM AND RELATED DISABILITIES THE CHANCE TO ENGAGE WITH THE COMMUNITY AND PARTAKE IN JOB OBSERVATIONS AND INTERNSHIPS AS WELL AS WORK WITH THERAPISTS IN SPEECH AND LANGUAGE, SOCIAL WORK, OCCUPATIONAL THERAPY AND, IN THE CASE OF THE LEARNING LAB, BASIC LIFE AND INDEPENDENT LIVING SKILLS.

    Expenses $673,475 · Revenue $20,309

  • Expenses $10,053 · Revenue $12,992

As filed on the 2024 return.

Listed in Part VII

  • Barbara Zawacki

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Joseph D Froelich

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Andrea Trubiano

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mary Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Warren Ribley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Meghan Davidson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Aine O'Brien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Maura McCarthy

    EXECUTIVE DIRECTOR

    Total calculated
    $136,978
    From this org
    $136,978
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 December 2025
IRS schema version
2024v5.2
Source object
202523579349300727

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