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Nonprofiteer
← JULIE AND MICHAEL TRACY FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by JULIE AND MICHAEL TRACY FAMILY FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 18 December 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$585,736 changed to $1,435,168
Total expenses
$651,470 changed to $1,256,047
Contributions and grants received
$502,632 changed to $1,306,728
Program service revenue
$73,404 changed to $127,179
Investment income
$1,072 changed to $116
Other revenue
$8,628 changed to $1,145
Total assets, end of year
$933,203 changed to $1,214,765
Total liabilities, end of year
$193,144 changed to $350,349
Net assets or fund balances, end of year
$740,059 changed to $864,416
Program services expenses
$458,278 changed to $923,477
Management and general expenses
$147,512 changed to $256,636
Fundraising expenses
$45,680 changed to $75,934
Program service expenses (Part III)
$458,278 changed to $923,477

Listed only on the earlier return

  • Heather Tarczan

Listed only on the later return

  • Andrea Trubiano

Listed under a different title

  • Roy Walker III: DIRECTOR then DIRECTOR THROUGH 02/24

Totals

Total revenue
$585,736
Total expenses
$651,470
Contributions and grants received
$502,632
Grants paid
$0
Program service revenue
$73,404
Investment income
$1,072
Other revenue
$8,628
Total assets, end of year
$933,203
Total liabilities, end of year
$193,144
Net assets or fund balances, end of year
$740,059
Program services expenses (Part IX)
$458,278
Management and general expenses
$147,512
Fundraising expenses
$45,680
Program service expenses (Part III)
$458,278

Program services were 70.3% 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)

    $378,100

  • 1f · All other contributions, gifts and grants

    $124,532

  • 2a · Program service revenue: RESIDENT CHARGES

    total $61,333 · related or exempt $61,333

  • 2b · Program service revenue: URBAN VOCATIONAL GARDE

    total $10,810 · related or exempt $10,810

  • 2c · Program service revenue: OTHER

    total $1,261 · related or exempt $1,261

  • 3 · Investment income

    total $1,072 · excluded $1,072

  • 11a · Other revenue: MISCELLANEOUS

    total $8,628 · related or exempt $8,628

  • 11e · Other revenue, total

    $8,628

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $98,365 · program services $56,135 · management and general $9,115 · fundraising $33,115

  • 7 · Other salaries and wages

    total $170,526 · program services $153,871 · management and general $16,655

  • 8 · Pension plan contributions

    total $3,141 · management and general $3,141

  • 10 · Payroll taxes

    total $25,988 · program services $18,644 · management and general $4,563 · fundraising $2,781

  • 11b · Fees: legal

    total $475 · management and general $475

  • 11c · Fees: accounting

    total $18,899 · management and general $18,899

  • 11e · Fees: professional fundraising services

    total $6,960 · fundraising $6,960

  • 11g · Fees: other

    total $45,132 · management and general $45,132

  • 12 · Advertising and promotion

    total $630 · fundraising $630

  • 13 · Office expenses

    total $8,196 · management and general $6,002 · fundraising $2,194

  • 14 · Information technology

    total $2,471 · program services $2,471

  • 16 · Occupancy

    total $61,411 · program services $61,411

  • 19 · Conferences, conventions and meetings

    total $1,371 · program services $1,089 · management and general $282

  • 20 · Interest

    total $1,200 · program services $1,200

  • 22 · Depreciation, depletion and amortization

    total $54,068 · program services $54,068

  • 23 · Insurance

    total $41,830 · management and general $41,830

  • 24a · Other expenses: TRANSITION ACADEMY

    total $59,970 · program services $59,970

  • 24b · Other expenses: RESIDENTIAL HOUSING

    total $34,503 · program services $34,503

  • 24c · Other expenses: URBAN VOCATIONAL GARDEN

    total $14,916 · program services $14,916

  • 24d · Other expenses: MISCELLANEOUS

    total $1,418 · management and general $1,418

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,321 · end of year $87,376

  • 2 · Savings and temporary cash investments

    beginning of year $441,962 · end of year $518,796

  • 3 · Pledges and grants receivable

    beginning of year $297,874 · end of year $73,566

  • 4 · Accounts receivable

    beginning of year $57,720 · end of year $54,987

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,250 · end of year $9,808

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

    $40,441

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

    $25,065

  • 10c · Land, buildings and equipment, net

    beginning of year $7,240 · end of year $15,376

  • 15 · Other assets

    beginning of year $223,898 · end of year $173,294

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,018 · end of year $16,647

  • 24 · Unsecured notes and loans payable

    beginning of year $223,454 · end of year $173,157

  • 25 · Other liabilities

    beginning of year $0 · end of year $3,340

  • 27 · Net assets without donor restrictions

    beginning of year $507,919 · end of year $656,493

  • 28 · Net assets with donor restrictions

    beginning of year $297,874 · end of year $83,566

Mission and programs · 2023

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 $97,156 · Revenue $10,810

  • 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 $61,925 · Revenue $61,333

  • 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 $296,848

  • OTHER PROGRAMS

    Expenses $2,349 · Revenue $9,889

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary Walsh

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Joseph D Froelich

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kim Thompson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Roy Walker III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Warren Ribley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Barbara Zawacki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Meghan Davidson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Heather Tarczan

    EXECUTIVE DIRECTOR - LEFT FEBRUARY 2023

    Total calculated
    $36,057
    From this org
    $36,057
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Maura McCarthy

    EXECUTIVE DIRECTOR

    Total calculated
    $62,308
    From this org
    $62,308
    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
2023
Filed
31 January 2024
IRS schema version
2023v4.0
Source object
202440339349301029

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