Massarelli Charitable Foundatio

Mettawa, IL
Tax-exempt since May 2006
EIN: 20-2034836

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$94.9k (2024)

Expenses

$118k (2024)

Total Assets

$2.11M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$94,906

Expenses

$117,890

Net Income

-$22,984

Net Assets

$2,106,750

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,979	11.6%
Dividends	$29,159	30.7%
Sales of Assets	$54,768	57.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$96,000	81.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,106,750
Total Liabilities	$0
Net Assets	$2,106,750

Compensation

Key Employees and Officers	Compensation	Other
Michael R Massarelli (Director)	$0	$0
John P Massarelli (Secretary)	$0	$0
Joseph M Massarelli (Treasurer)	$0	$0

990-PF

Filed on Oct. 30, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2023

Revenue

$47,583

Expenses

$112,338

Net Income

-$64,755

Net Assets

$1,941,663

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13,967	29.4%
Dividends	$23,696	49.8%
Sales of Assets	$9,920	20.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$96,000	85.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,941,663
Total Liabilities	$0
Net Assets	$1,941,663

Compensation

Key Employees and Officers	Compensation	Other
Michael R Massarelli (Director)	$0	$0
John P Massarelli (Secretary)	$0	$0
Joseph M Massarelli (Treasurer)	$0	$0

990-PF

Filed on Aug. 19, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$71,580

Expenses

$109,853

Net Income

-$38,273

Net Assets

$1,752,771

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$17,147	24.0%
Dividends	$19,105	26.7%
Sales of Assets	$35,328	49.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$91,000	82.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,752,771
Total Liabilities	$0
Net Assets	$1,752,771

Compensation

Key Employees and Officers	Compensation	Other
Michael R Massarelli (Director)	$0	$0
John P Massarelli (Secretary)	$0	$0
Joseph M Massarelli (Treasurer)	$0	$0

990-PF

Filed on Nov. 7, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$134,460

Expenses

$113,057

Net Income

$21,403

Net Assets

$2,100,294

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$27,647	20.6%
Dividends	$14,158	10.5%
Sales of Assets	$92,655	68.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$99,000	87.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,100,294
Total Liabilities	$0
Net Assets	$2,100,294

Compensation

Key Employees and Officers	Compensation	Other
Michael R Massarelli (Director)	$0	$0
John P Massarelli (Secretary)	$0	$0
Joseph M Massarelli (Treasurer)	$0	$0

990-PF

Filed on Nov. 14, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2020

Revenue

$75,687

Expenses

$105,549

Net Income

-$29,862

Net Assets

$1,940,526

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$26,859	35.5%
Dividends	$12,211	16.1%
Sales of Assets	$36,617	48.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$90,500	85.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,940,527
Total Liabilities	$1
Net Assets	$1,940,526

Compensation

Key Employees and Officers	Compensation	Other
Michael R Massarelli (Director)	$0	$0
John P Massarelli (Secretary)	$0	$0
Joseph M Massarelli (Treasurer)	$0	$0

990-PF

Filed on Nov. 8, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$85,889

Expenses

$69,141

Net Income

$16,748

Net Assets

$1,871,831

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$33,698	39.2%
Dividends	$12,584	14.7%
Sales of Assets	$39,216	45.7%
Other Income	$391	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,500	77.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,871,832
Total Liabilities	$1
Net Assets	$1,871,831

Compensation

Key Employees and Officers	Compensation	Other
Michael R Massarelli (Director)	$0	$0
John P Massarelli (Secretary)	$0	$0
Joseph M Massarelli (Treasurer)	$0	$0

990-PF

Filed on Aug. 12, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$1,097,756

Expenses

$49,785

Net Income

$1,047,971

Net Assets

$1,694,468

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	91.1%
Interest Revenue	$8	0.0%
Dividends	$12,506	1.1%
Sales of Assets	$85,232	7.8%
Other Income	$10	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,000	74.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,694,468
Total Liabilities	$0
Net Assets	$1,694,468

Compensation

Key Employees and Officers	Compensation	Other
Michael R Massarelli (Director)	$0	$0
John P Massarelli (Secretary)	$0	$0
Joseph M Massarelli (Treasurer)	$0	$0

990-PF

Filed on Sept. 24, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$81,798

Expenses

$45,112

Net Income

$36,686

Net Assets

$778,300

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5	0.0%
Dividends	$11,860	14.5%
Sales of Assets	$69,933	85.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,500	74.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$778,300
Total Liabilities	$0
Net Assets	$778,300

Compensation

Key Employees and Officers	Compensation	Other
Michael R Massarelli (Vice Pres)	$0	$0
John P Massarelli (Secretary)	$0	$0
Joseph M Massarelli (Treasurer)	$0	$0

990-PF

Filed on Aug. 1, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$34,180

Expenses

$47,339

Net Income

-$13,159

Net Assets

$668,356

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$11,544	33.8%
Sales of Assets	$22,541	65.9%
Other Income	$94	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,450	77.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$668,356
Total Liabilities	$0
Net Assets	$668,356

Compensation

Key Employees and Officers	Compensation	Other
Michael M Massarelli (President)	$0	$0
Joann M Massarelli (Vice Pres)	$0	$0
Michael R Massarelli (Vice Pres)	$0	$0
John P Massarelli (Secretary)	$0	$0
Joseph M Massarelli (Treasurer)	$0	$0

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990-PF

Filed on Aug. 17, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$53,829

Expenses

$48,146

Net Income

$5,683

Net Assets

$668,960

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$12,888	23.9%
Sales of Assets	$40,808	75.8%
Other Income	$130	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,100	77.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$668,960
Total Liabilities	$0
Net Assets	$668,960

Compensation

Key Employees and Officers	Compensation	Other
Michael M Massarelli (President)	$0	$0
Joann M Massarelli (Vice Pres)	$0	$0
Michael R Massarelli (Vice Pres)	$0	$0
John P Massarelli (Secretary)	$0	$0
Joseph M Massarelli (Treasurer)	$0	$0

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990-PF

Filed on July 19, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$48,576

Expenses

$55,108

Net Income

-$6,532

Net Assets

$708,302

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$12,454	25.6%
Sales of Assets	$36,118	74.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,550	79.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$708,302
Total Liabilities	$0
Net Assets	$708,302

Compensation

Key Employees and Officers	Compensation	Other
Michael M Massarelli (President)	$0	$0
Joann M Massarelli (Vice Pres)	$0	$0
Michael R Massarelli (Vice Pres)	$0	$0
John P Massarelli (Secretary)	$0	$0
Joseph M Massarelli (Treasurer)	$0	$0

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990-PF

Filed on Sept. 2, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$27,887

Expenses

$33,385

Net Income

-$5,498

Net Assets

$730,010

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$12,151	43.6%
Sales of Assets	$15,733	56.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,600	64.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$730,010
Total Liabilities	$0
Net Assets	$730,010

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$34,969

Expenses

$38,094

Net Income

-$3,125

Net Assets

$583,534

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.0%
Dividends	$12,992	37.2%
Sales of Assets	$17,949	51.3%
Other Income	$4,025	11.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,600	77.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$583,534
Total Liabilities	$0
Net Assets	$583,534

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$78,387

Expenses

$31,757

Net Income

$46,630

Net Assets

$550,474

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$9,283	11.8%
Sales of Assets	$69,100	88.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,350	83.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$550,474
Total Liabilities	$0
Net Assets	$550,474

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Massarelli Charitable Foundatio

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $94.9k (2024)

Expenses $118k (2024)

Total Assets $2.11M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$94.9k (2024)

Expenses

$118k (2024)

Total Assets

$2.11M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
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2005

Fiscal Year Ending Dec.
2004