Shapiro Foundation

Needham, MA
Tax exemption issued: Oct. 2001
EIN: 04-3541595

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.

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. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$7,022,439

Expenses

$8,385,011

Net Income

-$1,362,572

Net Assets

$123,734,419

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,049,108	14.9%
Dividends	$355,141	5.1%
Sales of Assets	$6,359,114	90.6%
Other Income	-$740,924

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,652,722	79.3%
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	$123,741,333
Total Liabilities	$6,914
Net Assets	$123,734,419

Compensation

Key Employees and Officers	Compensation	Other
Lawrence L Tobin (Fdtn Director)	$352,000	$46,000
Kayla W Rowe (Executive Assistant)	$230,000	$23,000
Edward L Shapiro (Trustee)	$0	$0
Barbara J Shapiro (Trustee)	$0	$0

+ View more people

990-PF

Filed on Nov. 17, 2025

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

View Filing

Schedules ▼

XML

990-T

Filed on Nov. 17, 2025

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2023

Revenue

$4,643,401

Expenses

$14,611,542

Net Income

-$9,968,141

Net Assets

$125,059,119

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$459,125	9.9%
Dividends	$321,081	6.9%
Sales of Assets	$1,793,214	38.6%
Other Income	$2,069,981	44.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$13,325,935	91.2%
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	$125,082,465
Total Liabilities	$23,346
Net Assets	$125,059,119

Compensation

Key Employees and Officers	Compensation	Other
Lawrence L Tobin (Fdtn Director)	$339,000	$43,500
Kayla W Rowe (Executive Assistant)	$190,000	$22,500
Edward L Shapiro (Trustee)	$0	$0
Barbara J Shapiro (Trustee)	$0	$0

+ View more people

990-PF

Filed on Nov. 14, 2024

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

View Filing

Schedules ▼

PDF XML

990-T

Filed on Nov. 14, 2024

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$10,733,675

Expenses

$11,493,755

Net Income

-$760,080

Net Assets

$136,323,982

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$717,640	6.7%
Dividends	$1,004,545	9.4%
Sales of Assets	$9,064,243	84.4%
Other Income	-$52,753

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,407,725	81.9%
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	$136,345,794
Total Liabilities	$21,812
Net Assets	$136,323,982

Compensation

Key Employees and Officers	Compensation	Other
Lawrence L Tobin (Fdtn Director)	$318,000	$40,500
Kayla W Rowe (Executive Assistant)	$170,000	$20,500
Edward L Shapiro (Trustee)	$0	$0
Barbara J Shapiro (Trustee)	$0	$0

+ View more people

990-PF

Filed on Nov. 14, 2023

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

View Filing

Schedules ▼

PDF XML

990-T

Filed on Nov. 14, 2023

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$11,545,549

Expenses

$9,194,241

Net Income

$2,351,308

Net Assets

$157,339,009

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$87,458	0.8%
Dividends	$812,664	7.0%
Sales of Assets	$10,847,218	94.0%
Other Income	-$201,791

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,318,397	90.5%
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	$157,349,001
Total Liabilities	$9,992
Net Assets	$157,339,009

Compensation

Key Employees and Officers	Compensation	Other
Lawrence L Tobin (Fdtn Director)	$281,500	$19,500
Kayla W Rowe (Executive Assistant)	$140,500	$19,500
Edward L Shapiro (Trustee)	$0	$0
Barbara J Shapiro (Trustee)	$0	$0

+ View more people

990-PF

Filed on Nov. 14, 2022

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

View Filing

Schedules ▼

PDF XML

990-T

Filed on March 19, 2024

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

View Filing

Schedules ▼

PDF XML

View Filing (2 of 2) PDF (2 of 2)

Fiscal Year Ending Dec.
2020

Revenue

-$23,969,781

Expenses

$10,092,397

Net Income

-$34,062,178

Net Assets

$143,609,013

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$386,379
Dividends	$752,718
Sales of Assets	$0
Other Income	$151,759

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,893,136	88.1%
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	$143,613,014
Total Liabilities	$4,001
Net Assets	$143,609,013

Compensation

Key Employees and Officers	Compensation	Other
Lawrence L Tobin (Fdtn Director)	$250,500	$19,500
Kayla W Rowe (Executive Assistant)	$88,833	$19,500
Edward L Shapiro (Trustee)	$0	$0
Barbara J Shapiro (Trustee)	$0	$0

+ View more people

990-PF

Filed on Nov. 8, 2021

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

View Filing

Schedules ▼

PDF XML

990-T

Filed on Nov. 8, 2021

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$328,455

Expenses

$11,393,572

Net Income

-$11,065,117

Net Assets

$159,236,744

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$54,026	16.4%
Interest Revenue	$2,518,046	> 100%
Dividends	$2,052,258	> 100%
Sales of Assets	$0
Other Income	$195,889	59.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,345,287	73.2%
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	$159,264,836
Total Liabilities	$28,092
Net Assets	$159,236,744

Compensation

Key Employees and Officers	Compensation	Other
Lawrence L Tobin (Fdtn Director)	$250,000	$12,221
Edward L Shapiro (Trustee)	$0	$0
Barbara J Shapiro (Trustee)	$0	$0

990-PF

Filed on Oct. 6, 2020

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2018

Revenue

$33,028,060

Expenses

$13,147,455

Net Income

$19,880,605

Net Assets

$139,465,831

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$33,500,000	> 100%
Interest Revenue	$1,941,340	5.9%
Dividends	$2,994,957	9.1%
Sales of Assets	-$5,505,627
Other Income	$97,390	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,857,897	67.4%
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	$139,489,778
Total Liabilities	$23,947
Net Assets	$139,465,831

Compensation

Key Employees and Officers	Compensation	Other
Lawrence L Tobin (Fdtn Director)	$225,000	$18,500
Edward L Shapiro (Trustee)	$0	$0
Barbara J Shapiro (Trustee)	$0	$0

990-PF

Filed on Nov. 13, 2019

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$29,171,556

Expenses

$8,739,117

Net Income

$20,432,439

Net Assets

$120,062,196

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,000,000	34.3%
Interest Revenue	$879,792	3.0%
Dividends	$1,556,068	5.3%
Sales of Assets	$16,672,313	57.2%
Other Income	$63,383	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,687,431	76.5%
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	$120,082,238
Total Liabilities	$20,042
Net Assets	$120,062,196

Compensation

Key Employees and Officers	Compensation	Other
Lawrence L Tobin (Fdtn Director)	$86,132	$20,000
Edward L Shapiro (Trustee)	$0	$0
Barbara J Shapiro (Trustee)	$0	$0

990-PF

Filed on Feb. 13, 2019

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

View Filing

Schedules ▼

PDF XML

View Filing (2 of 2) PDF (2 of 2)

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Revenue

$10,598,672

Expenses

$6,959,277

Net Income

$3,639,395

Net Assets

$99,629,757

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,500,000	42.5%
Interest Revenue	$286,962	2.7%
Dividends	$1,310,813	12.4%
Sales of Assets	$4,345,713	41.0%
Other Income	$155,184	1.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,452,367	78.3%
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	$99,629,757
Total Liabilities	$0
Net Assets	$99,629,757

Compensation

Key Employees and Officers	Compensation	Other
Edward L Shapiro (Trustee)	$0	$0
Barbara J Shapiro (Trustee)	$0	$0

990-PF

Filed on May 15, 2017

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Revenue

$49,706,985

Expenses

$4,307,484

Net Income

$45,399,501

Net Assets

$95,990,362

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$40,000,000	80.5%
Interest Revenue	$162,076	0.3%
Dividends	$725,504	1.5%
Sales of Assets	$8,833,383	17.8%
Other Income	-$13,978

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,721,908	86.4%
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	$95,990,362
Total Liabilities	$0
Net Assets	$95,990,362

Compensation

Key Employees and Officers	Compensation	Other
Edward L Shapiro (Trustee)	$0	$0
Barbara J Shapiro (Trustee)	$0	$0

990-PF

Filed on May 16, 2016

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$8,802,518

Expenses

$3,566,961

Net Income

$5,235,557

Net Assets

$50,590,861

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,500,000	28.4%
Interest Revenue	$73,121	0.8%
Dividends	$967,027	11.0%
Sales of Assets	$5,016,070	57.0%
Other Income	$246,300	2.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,101,403	86.9%
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	$50,590,861
Total Liabilities	$0
Net Assets	$50,590,861

Compensation

Key Employees and Officers	Compensation	Other
Edward L Shapiro (Trustee)	$0	$0
Barbara J Shapiro (Trustee)	$0	$0

990-PF

Filed on May 15, 2015

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$10,003,494

Expenses

$3,567,378

Net Income

$6,436,116

Net Assets

$45,355,304

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$678,920	6.8%
Interest Revenue	$233,185	2.3%
Dividends	$319,127	3.2%
Sales of Assets	$8,428,357	84.3%
Other Income	$343,905	3.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,822,301	79.1%
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	$45,355,304
Total Liabilities	$0
Net Assets	$45,355,304

Compensation

Key Employees and Officers	Compensation	Other
Edward L Shapiro (Trustee)	$0	$0
Barbara J Shapiro (Trustee)	$0	$0

990-PF

Filed on May 14, 2014

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$12,299,630

Expenses

$2,656,836

Net Income

$9,642,794

Net Assets

$38,919,188

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,250,000	34.6%
Interest Revenue	$120,557	1.0%
Dividends	$349,017	2.8%
Sales of Assets	$7,533,005	61.2%
Other Income	$47,051	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,898,917	71.5%
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	$38,919,188
Total Liabilities	$0
Net Assets	$38,919,188

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$11,208,765

Expenses

$1,707,336

Net Income

$9,501,429

Net Assets

$29,276,394

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000,000	44.6%
Interest Revenue	$86,565	0.8%
Dividends	$174,807	1.6%
Sales of Assets	$5,947,393	53.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,432,992	83.9%
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	$29,276,394
Total Liabilities	$0
Net Assets	$29,276,394

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

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 financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited 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 for 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.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the 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 the 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," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

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

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated October 22, 2026

Shapiro Foundation

Organization summary

Type of Nonprofit

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
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.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001