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The East Boston Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311601979 ✦ East boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is The East Boston Foundation?

The East Boston Foundation is a nonprofit organization situated in East Boston, Massachusetts. Its primary focus is on providing grants to enhance and improve the quality of life within the community. The foundation supports various sectors, including child care and early education, elementary and secondary education, summer and after-school programs, senior citizen and adult education and recreation, ESL instruction, community and cultural events, sports and recreation programs, business development and seminars, capital improvement and community beautification, and more. The East Boston Foundation's mission is to address the socioeconomic and environmental impacts on the community resulting from projects, facilities, and activities at Boston-Logan International Airport by the Massachusetts Port Authority. The organization is led by a team of one dedicated individual.


Official website here: www.ebfoundation.com

Is The East Boston Foundation legitimate?

The East Boston Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The East Boston Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $40,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ebfoundation.com

What is the mission statement of The East Boston Foundation?

The East Boston Foundation is a non-profit organization that aims to enhance the quality of life in its community. It provides grants for various initiatives, including child care and early education, elementary and secondary education, summer and after-school programs, senior citizen and adult education, ESL instruction, community and cultural events, sports and recreation programs, business development seminars, capital improvement, and community beautification, among others. The mission of The East Boston Foundation, however, goes beyond these direct initiatives. It is also dedicated to addressing the socioeconomic and environmental impacts on the community that may stem from projects, facilities, and activities at Boston-Logan International Airport by the Massachusetts Port Authority, both present and future. The foundation achieves its mission by providing grants to local organizations in East Boston to support and improve the community.


Official website here: www.ebfoundation.com

Who is the CEO of The East Boston Foundation?

Lorene Schettino Esq is the Executive Director of The East Boston Foundation.


Official website here: www.ebfoundation.com

What is the revenue of The East Boston Foundation?

The East Boston Foundation's revenue in 2022 was $3,478.


Official website here: www.ebfoundation.com

Who are the executives of The East Boston Foundation and what are their salaries?

The average compensation at The East Boston Foundation during 2022 was $40,000. There is 1 employee at The East Boston Foundation.


Here are 11 key members and their salaries:


Christopher Marchi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nina Gaeta Coletta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kannan Thiru (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Drago Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Arinella (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Audry Nagle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Tassinari (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gloribell Mota (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fran Carbone (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Kearney (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorene Schettino (Executive Director)
  • Compensation: $40,000
  • Related: $0
  • Other: $0


Official website here: www.ebfoundation.com

Where can I find the form 990 for The East Boston Foundation?

The East Boston Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ebfoundation.com

Learn more at the official website: www.ebfoundation.com

Mission Statement of The East Boston Foundation

The East Boston Foundation, a non-profit organization, is dedicated to addressing the socioeconomic and environmental impacts that result from projects, facilities, and activities at Boston-Logan International Airport carried out by the Massachusetts Port Authority. Recognizing the potential consequences of these developments on the East Boston community, the foundation aims to mitigate any negative impacts and enhance the overall quality of life for its residents. To accomplish this mission, The East Boston Foundation provides various grants to local organizations, supporting initiatives in areas such as child care and early education, elementary and secondary education, summer and after-school programs, senior citizen and adult education, ESL instruction, community and cultural events, sports and recreation programs, business development and seminars, capital improvement, and community beautification projects. By offering financial assistance to these organizations, The East Boston Foundation seeks to improve the living conditions and opportunities for the East Boston community as a whole.

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Impact




October, 2024

The East Boston Foundation plays a vital role in enhancing the quality of life for the East Boston community through its wide range of grants and support initiatives. By focusing on critical areas such as childcare, early education, and after-school programs, the foundation ensures that children receive the educational support they need to thrive. In addition, it invests in elementary, secondary, and high school education, helping to foster a solid educational foundation for future generations.

Furthermore, the foundation promotes lifelong learning and well-being through grants for senior citizen and adult education, as well as community and cultural events. By funding sports and recreation programs, it encourages healthy lifestyles and community engagement. The foundation also addresses local economic challenges with business development initiatives and seminars.

Capital improvement and community beautification projects are pivotal to the foundation's mission, as they contribute to a more vibrant and accessible East Boston, enhancing the overall community experience. Furthermore, by tackling socioeconomic and environmental impacts from surrounding developments, such as those linked to Boston-Logan International Airport, the foundation ensures that the voices and needs of the East Boston community are represented and prioritized. Through these efforts, the East Boston Foundation significantly uplifts the community, fostering resilience, connection, and growth.




This information is meant to be a general summary of The East Boston Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,478 (2022)
Expenses
$414,476 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,478
  • Gross Receipts: $3,478

Assets and Liabilities:

  • Total Assets: $1,280,592
  • Total Liabilities: $217,417
  • Net Assets: $1,063,175

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Organization Details

Founding Year

1998

Principal Officer

Lorene Schettino Esq

Main Address

245 SUMNER STREET 110, EAST BOSTON, MA, 02128

NTEE Category

Code: T30Z - Philanthropy

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