Josephine M & Rita C Mastracci Charitable Foundation
- Assets
- $617.1k
- Revenue
- $16.1k
- Investments
- $594.5k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2011
- Data as of
- 12/2022
- EIN
- 35-2409965
Organization Overview
Josephine M & Rita C Mastracci Charitable Foundation is located in Boston, MA. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Josephine M & Rita C Mastracci Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Josephine M & Rita C Mastracci Charitable Foundation generated $16.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $113.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Josephine M & Rita C Mastracci Charitable Foundation has awarded 29 individual grants totaling $320,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick D Ballou Trustee | 1 | $3,137 | |
Amory Loring Logan Trustee | 1 | $3,139 | |
Nushin Kormi Trustee | 1 | $3,137 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,462 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,599 |
| Capital Gain Net Income | $2,695 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9 |
| Total Revenue | $16,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,414 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,985 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $23,713 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $113,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578 |
| Savings and temporary cash investments | $22,000 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $617,090 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Josephine M & Rita C Mastracci Charitable Foundation has awarded $90,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER BOSTON FOOD BANK PURPOSE: TO PROVIDE FOOD TO THOSE IN NEED CREATED BY THE COVID-19 PANDEMIC | $20,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: TO PURSUE THE MOST PROMISING AND INNOVATIVE RESEARCH AND CLINICAL OPPORTUNITIES | $20,000 |
PERKINS SCHOOL FOR THE BLIND PURPOSE: TO IMPROVE THE LIVES OF PEOPLE WITH BLINDNESS AND DEFBLINDNESS ALL AROUND THE WORLD | $20,000 |
USS CONSTITUTION MUSEUM PURPOSE: TO SPARK EXCITEMENT ABOUT MARITIME HERITAGE, NAVAL SERVICE AND THE AMERICAN EXPERIENCE. | $5,000 |
WOUNDED WARRIOR PROJECT PURPOSE: TO PROVIDE PROGRAMS, SERVICES AND EVENTS FOR WOUNDED VETERANS OF THE US MILITARY | $5,000 |
SPAULDING REHABILITATION NETWORK PURPOSE: FOR THE DR. ROSS D ZAFONTE PRESIDENT'S FUND | $5,000 |