Lyndon Paul Lorusso Charitable Foundation Of 2002

Lorusso L Paul Et Al Ttee

Boston, MA
Tax-exempt since Oct. 2020
EIN: 54-2082336

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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 Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.25M (2024)

Expenses

$1.61M (2024)

Total Assets

$28.2M (2024)

Total Liabilities

$0 (2024)

Years with missing data

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

$1,245,531

Expenses

$1,607,813

Net Income

-$362,282

Net Assets

$28,204,048

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$201,266	16.2%
Dividends	$230,654	18.5%
Sales of Assets	$100,919	8.1%
Other Income	$712,692	57.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,535,272	95.5%
Compensation of Officers*	$76,618	4.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,204,048
Total Liabilities	$0
Net Assets	$28,204,048

Compensation

Key Employees and Officers	Compensation	Other
Michael J Puzo (Trustee)	$76,618	$0
Julene Augusta (Trustee)	$0	$0
Holly Harney (Trustee)	$0	$0
Samuel A Lorusso (Trustee)	$0	$0
Paul Lorusso (Trustee)	$0	$0

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990-PF

Filed on Nov. 17, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

-$635,522

Expenses

$1,584,357

Net Income

-$2,219,879

Net Assets

$27,752,544

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$74,240
Dividends	$208,959
Sales of Assets	-$918,721
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,511,552	95.4%
Compensation of Officers*	$93,956	5.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,752,544
Total Liabilities	$0
Net Assets	$27,752,544

Compensation

Key Employees and Officers	Compensation	Other
Michael J Puzo (Trustee)	$93,956	$0
Julene Augusta (Trustee)	$0	$0
Holly Harney (Trustee)	$0	$0
Samuel A Lorusso (Trustee)	$0	$0
Paul Lorusso (Trustee)	$0	$0

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990-PF

Filed on Nov. 15, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$18,417

Expenses

$3,356,265

Net Income

-$3,337,848

Net Assets

$29,670,407

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$31,464	> 100%
Dividends	$186,603	> 100%
Sales of Assets	-$199,650
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,736,014	51.7%
Compensation of Officers*	$93,612	2.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,670,407
Total Liabilities	$0
Net Assets	$29,670,407

Compensation

Key Employees and Officers	Compensation	Other
Michael J Puzo (Trustee)	$93,612	$0
Julene Augusta (Trustee)	$0	$0
Holly Harney (Trustee)	$0	$0
Samuel A Lorusso (Trustee)	$0	$0
Paul Lorusso (Trustee)	$0	$0

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990-PF

Filed on Nov. 14, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,014,376

Expenses

$938,756

Net Income

$75,620

Net Assets

$34,446,102

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,903	1.0%
Dividends	$123,637	12.2%
Sales of Assets	$859,945	84.8%
Other Income	$20,891	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$876,877	93.4%
Compensation of Officers*	$45,177	4.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$34,446,102
Total Liabilities	$0
Net Assets	$34,446,102

Compensation

Key Employees and Officers	Compensation	Other
Julene Augusta (Trustee)	$0	$0
Holly Harney (Trustee)	$0	$0
Michael J Puzo (Trustee)	$0	$0
Samuel A Lorusso (Trustee)	$0	$0

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990-PF

Filed on Nov. 10, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$1,435,181

Expenses

$1,000,828

Net Income

$434,353

Net Assets

$34,375,123

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$82,830	5.8%
Dividends	$70,626	4.9%
Sales of Assets	$1,277,961	89.0%
Other Income	$3,764	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$987,731	98.7%
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	$34,380,636
Total Liabilities	$5,513
Net Assets	$34,375,123

Compensation

Key Employees and Officers	Compensation	Other
Ellen Lorusso (Trustee)	$0	$0
Paul Lorusso (Trsutee)	$0	$0
Charles Sabatt (Special Fidu)	$0	$0

990-PF

Filed on May 6, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$316,275

Expenses

$1,172,249

Net Income

-$855,974

Net Assets

$33,940,770

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$188,345	59.6%
Dividends	$72,392	22.9%
Sales of Assets	$52,109	16.5%
Other Income	$3,429	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,159,584	98.9%
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	$33,946,903
Total Liabilities	$6,133
Net Assets	$33,940,770

990-PF

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

PDF

Fiscal Year Ending Dec.
2018

Revenue

$496,696

Expenses

$258,615

Net Income

$238,081

Net Assets

$12,810,100

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$91,646	18.5%
Dividends	$80,311	16.2%
Sales of Assets	$321,515	64.7%
Other Income	$3,224	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$245,698	95.0%
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	$12,848,814
Total Liabilities	$38,714
Net Assets	$12,810,100

990-PF

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

PDF

Fiscal Year Ending Dec.
2017

Revenue

$5,542,786

Expenses

$1,919,467

Net Income

$3,623,319

Net Assets

$12,638,426

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,585	0.1%
Dividends	$86,530	1.6%
Sales of Assets	$5,447,557	98.3%
Other Income	$5,114	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,907,117	99.4%
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	$12,723,631
Total Liabilities	$85,205
Net Assets	$12,638,426

990-PF

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

PDF

Fiscal Year Ending Dec.
2016

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

Fiscal Year Ending Dec.
2015

Revenue

$110,356

Expenses

$872,633

Net Income

-$762,277

Net Assets

$6,375,613

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$672	0.6%
Dividends	$74,842	67.8%
Sales of Assets	$32,364	29.3%
Other Income	$2,478	2.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$819,000	93.9%
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	$6,375,613
Total Liabilities	$0
Net Assets	$6,375,613

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$1,075,132

Expenses

$925,491

Net Income

$149,641

Net Assets

$7,135,494

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$782,103	72.7%
Interest Revenue	$0
Dividends	$93,768	8.7%
Sales of Assets	$197,362	18.4%
Other Income	$1,899	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$871,638	94.2%
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	$7,135,494
Total Liabilities	$0
Net Assets	$7,135,494

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,670,475

Expenses

$1,010,042

Net Income

$660,433

Net Assets

$6,960,787

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,589,740	95.2%
Interest Revenue	$0
Dividends	$104,700	6.3%
Sales of Assets	$0
Other Income	$5,437	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$964,922	95.5%
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	$6,960,787
Total Liabilities	$0
Net Assets	$6,960,787

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

-$267,739

Expenses

$343,222

Net Income

-$610,961

Net Assets

$6,300,353

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$19,113
Dividends	$53,318
Sales of Assets	$0
Other Income	$9,744

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$271,833	79.2%
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	$6,300,353
Total Liabilities	$0
Net Assets	$6,300,353

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

-$76,012

Expenses

$649,624

Net Income

-$725,636

Net Assets

$6,833,278

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$33,321
Dividends	$58,741
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$588,474	90.6%
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	$6,833,278
Total Liabilities	$0
Net Assets	$6,833,278

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Updated January 26, 2026

Lyndon Paul Lorusso Charitable Foundation Of 2002

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.25M (2024)

Expenses $1.61M (2024)

Total Assets $28.2M (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

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

$1.25M (2024)

Expenses

$1.61M (2024)

Total Assets

$28.2M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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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

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2004

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2003

Fiscal Year Ending Dec.
2002