Skip to content
Nonprofiteer
← THE EAST BOSTON FOUNDATION

Form 990 for tax year 2024

Filed by THE EAST BOSTON FOUNDATION.

Totals

Total revenue
$695,346
Total expenses
$688,089
Contributions and grants received
$687,000
Grants paid
$624,120
Program service revenue
$0
Investment income
$8,346
Other revenue
$0
Total assets, end of year
$1,445,987
Total liabilities, end of year
$181,116
Net assets or fund balances, end of year
$1,264,871
Program services expenses (Part IX)
$624,120
Management and general expenses
$63,969
Fundraising expenses
$0
Program service expenses (Part III)
$624,120

Program services were 90.7% 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)

    $687,000

  • 3 · Investment income

    total $8,346 · excluded $8,346

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $624,120 · program services $624,120

  • 5 · Compensation of officers, directors and key employees

    total $40,000 · management and general $40,000

  • 10 · Payroll taxes

    total $3,214 · management and general $3,214

  • 11c · Fees: accounting

    total $13,900 · management and general $13,900

  • 11g · Fees: other

    total $790 · management and general $790

  • 13 · Office expenses

    total $276 · management and general $276

  • 14 · Information technology

    total $1,734 · management and general $1,734

  • 16 · Occupancy

    total $411 · management and general $411

  • 23 · Insurance

    total $1,447 · management and general $1,447

  • 24a · Other expenses: PAYROLL PROCESSING

    total $1,852 · management and general $1,852

  • 24b · Other expenses: MISCELLANEOUS

    total $345 · management and general $345

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $410,453 · end of year $163,134

  • 2 · Savings and temporary cash investments

    beginning of year $1,072,673 · end of year $595,853

  • 3 · Pledges and grants receivable

    end of year $687,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,000 · end of year $12,500

  • 18 · Grants payable

    beginning of year $213,512 · end of year $168,616

  • 27 · Net assets without donor restrictions

    beginning of year $128,542 · end of year $128,542

  • 28 · Net assets with donor restrictions

    beginning of year $1,129,072 · end of year $1,136,329

Mission and programs · 2024

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.

Activities or mission (Part I)

EAST BOSTON FOUNDATION IS A NON-PROFIT ORGANIZATION THAT PROVIDES GRANTS FOR CHILD CARE AND EARLY EDUCATION, ELEMENTARY EDUCATION, SECONDARY & HIGH SCHOOL EDUCATION, SUMMER & AFTER SCHOOL PROGRAMS, SENIOR CITIZEN & ADULT EDUCATION & RECREATION, ESL INSTRUCTION, COMMUNITY & CULTURAL EVENTS, SPORTS & RECREATION PROGRAMS, BUSINESS DEVELOPMENT & SEMINARS, CAPITAL IMPROVEMENT & COMMUNITY BEAUTIFICATION, AND MORE TO IMPROVE THE QUALITY OF LIFE FOR THE COMMUNITY OF EAST BOSTON.

  • VARIOUS GRANTS MADE TO EAST BOSTON ORGANIZATIONS TO SUPPORT AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY.

    Expenses $624,120 · Grants $624,120

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christopher Marchi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nina Gaeta Coletta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kannan Thiru

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Drago Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Arinella

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Audry Nagle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Tassinari

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Gloribell Mota

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Fran Carbone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Kearney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lorene Schettino

    EXECUTIVE DIRECTOR

    Total calculated
    $40,000
    From this org
    $0
    From related orgs
    $40,000
    Other
    $0
    Hours/week
    20

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503179349306225

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.