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Josephine M & Rita C Mastracci Charitable Foundation

Organization summary

Type of Nonprofit

Designated as a 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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$102k (2024)

Expenses
$99.9k (2024)

Total Assets
$585k (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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$101,514
Expenses
$99,884
Net Income
$1,630
Net Assets
$585,191
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $17,721
17.5%
Sales of Assets $83,793
82.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $83,275
83.4%
Compensation of Officers* $9,735
9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $585,191
Total Liabilities $0
Net Assets $585,191
Compensation
Key Employees and Officers Compensation Other
Amory Loring Logan (Trustee) $4,868 $0
Nushin Kormi (Trustee) $4,867 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$64,590
Expenses
$98,119
Net Income
-$33,529
Net Assets
$583,561
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $17,371
26.9%
Sales of Assets $44,874
69.5%
Other Income $2,345
3.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $84,703
86.3%
Compensation of Officers* $8,562
8.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $583,561
Total Liabilities $0
Net Assets $583,561
Compensation
Key Employees and Officers Compensation Other
Amory Loring Logan (Trustee) $4,281 $0
Nushin Kormi (Trustee) $4,281 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,070
Expenses
$113,713
Net Income
-$97,643
Net Assets
$617,090
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $13,462
83.8%
Sales of Assets $2,599
16.2%
Other Income $9
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $94,416
83.0%
Compensation of Officers* $9,414
8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $617,090
Total Liabilities $0
Net Assets $617,090
Compensation
Key Employees and Officers Compensation Other
Amory Loring Logan (Trustee) $3,139 $0
Frederick D Ballou (Trustee) $3,137 $0
Nushin Kormi (Trustee) $3,137 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$178,392
Expenses
$95,002
Net Income
$83,390
Net Assets
$714,733
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $13,689
7.7%
Sales of Assets $163,998
91.9%
Other Income $705
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $79,675
83.9%
Compensation of Officers* $10,058
10.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $714,733
Total Liabilities $0
Net Assets $714,733
Compensation
Key Employees and Officers Compensation Other
Amory Loring Logan (Trustee) $3,354 $0
Frederick D Ballou (Trustee) $3,352 $0
Nushin Kormi (Trustee) $3,352 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$41,075
Expenses
$82,708
Net Income
-$123,783
Net Assets
$631,342
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $16,919
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $69,008
83.4%
Compensation of Officers* $8,242
10.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $631,343
Total Liabilities $1
Net Assets $631,342
Compensation
Key Employees and Officers Compensation Other
Frederick D Ballou (Trustee) $2,747 $0
Amory Loring Logan (Trustee) $2,747 $0
Nushin Kormi Appointed 03312020 (Trustee) $1,446 $0
Peter B Loring Resigned 033120 (Trustee) $1,302 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$51,707
Expenses
$47,895
Net Income
$3,812
Net Assets
$755,125
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $18,089
35.0%
Sales of Assets $33,618
65.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $33,839
70.7%
Compensation of Officers* $7,678
16.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $755,126
Total Liabilities $1
Net Assets $755,125
Compensation
Key Employees and Officers Compensation Other
Peter B Loring (Trustee) $2,560 $0
Frederick D Ballou (Trustee) $2,559 $0
Amory Loring Logan (Trustee) $2,559 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$61,637
Expenses
$45,823
Net Income
$15,814
Net Assets
$751,314
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $17,442
28.3%
Sales of Assets $44,053
71.5%
Other Income $142
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $34,239
74.7%
Compensation of Officers* $7,015
15.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $751,314
Total Liabilities $0
Net Assets $751,314
Compensation
Key Employees and Officers Compensation Other
Peter B Loring (Trustee) $2,339 $0
Frederick D Ballou (Trustee) $2,338 $0
Amory Loring Logan (Trustee) $2,338 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$26,311
Expenses
$45,066
Net Income
-$18,755
Net Assets
$735,500
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $16,372
62.2%
Sales of Assets $9,939
37.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $33,837
75.1%
Compensation of Officers* $6,008
13.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $735,500
Total Liabilities $0
Net Assets $735,500
Compensation
Key Employees and Officers Compensation Other
Frederick D Ballou (Trustee) $2,003 $0
Peter B Loring (Trustee) $2,002 $0
E Amory Loring (Trustee) $2,002 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$89,037
Expenses
$88,765
Net Income
$272
Net Assets
$754,255
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $15,863
17.8%
Sales of Assets $73,174
82.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $78,985
89.0%
Compensation of Officers* $5,499
6.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $754,255
Total Liabilities $0
Net Assets $754,255
Compensation
Key Employees and Officers Compensation Other
Peter B Loring (Trustee) $2,512 $0
Frederick D Ballou (Trustee) $2,512 $0
E Amory Loring (Trustee) $475 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$51,812
Expenses
$88,814
Net Income
-$37,002
Net Assets
$753,983
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $17,478
33.7%
Sales of Assets $34,334
66.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $78,594
88.5%
Compensation of Officers* $5,864
6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $753,983
Total Liabilities $0
Net Assets $753,983
Compensation
Key Employees and Officers Compensation Other
Peter B Loring (Trustee) $2,932 $0
Frederick D Ballou (Trustee) $2,932 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,272
Expenses
$38,484
Net Income
-$16,212
Net Assets
$790,985
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $17,558
78.8%
Sales of Assets $4,714
21.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $28,235
73.4%
Compensation of Officers* $5,666
14.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $790,985
Total Liabilities $0
Net Assets $790,985
Compensation
Key Employees and Officers Compensation Other
Peter B Loring (Trustee) $2,833 $0
Frederick D Ballou (Trustee) $2,822 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$40,800
Expenses
$51,895
Net Income
-$11,095
Net Assets
$807,197
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $17,710
43.4%
Sales of Assets $22,920
56.2%
Other Income $170
0.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $43,000
82.9%
Compensation of Officers* $4,834
9.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $807,197
Total Liabilities $0
Net Assets $807,197
Compensation
Key Employees and Officers Compensation Other
Peter B Loring (Trustee) $2,417 $0
Frederick D Ballou (Trustee) $2,417 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$875,957
Expenses
$57,665
Net Income
$818,292
Net Assets
$818,291
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $865,241
98.8%
Interest Revenue $0
Dividends $15,495
1.8%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $51,485
89.3%
Compensation of Officers* $3,334
5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $818,292
Total Liabilities $1
Net Assets $818,291

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1
Expenses
$0
Net Income
$1
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $0
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $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 $1
Total Liabilities $1
Net Assets $0

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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