The Winthrop Foundation: Nonprofit Profile, Financials & Form 990 (EIN 84-2588220)

Revenue by fiscal year
FY2020	$500K
FY2021	$0
FY2023	$57
FY2024	$510K
FY2025	$28K

Expenses by fiscal year
FY2020	$172K
FY2021	$0
FY2023	$182K
FY2024	$91K
FY2025	$223K

Net assets by fiscal year
FY2020	$766K
FY2021	$766K
FY2023	$477K
FY2024	$896K
FY2025	$701K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $210K Management & general 6% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Russell Sanford

Chairman

$0Pt VII · Sec A

Vincent Crossman

Secretary

$0Pt VII · Sec A

Brian Leslie

Treasurer

$0Pt VII · Sec A

Terence Delehanty

Director

$0Pt VII · Sec A

Gus Martucci

Director

$0Pt VII · Sec A

Vasili Mallios

Director

$0Pt VII · Sec A

Chrissy D'Ambrosio

Director

$0Pt VII · Sec A

See The Winthrop Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides grants to local charities and programs improving community quality of life.

Questions for The Winthrop Foundation

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1 program · $210K · in their own filed words · FY2024

01

The winthrop foundation was established to provide funding of programs or projects in or benefitting the town of winthrop to avoid, limit, or mitigate any environmental or socioeconomic impacts or effects of works, projects, or activities at logan airport, AND/OR funding of any projects for public or charitable purposes that benefit of…

$210Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Mark and Donna Ross Family FoundationFY2024$8K

Total grants receivedfrom 1 funder$8K

Grants paid · 15 grants · $406K · 2022–2024

Town of WinthropFY2024$131,100

11 Foundation - in Memory of Michael Mason INCMA · FY2024$25,000

For Kids Only Afterschool IncorporatedMA · FY2024$15,000

Winthrop Chamber of Commerce INCMA · FY2024$13,500

Northeast Metropolitan Regional Vocational Technical SchoolFY2024$6,000

Town of WinthropFY2023$27,956

Winthrop Parks and RecreationFY2023$15,000

Winthrop Chamber of Commerce INCMA · FY2023$13,500

Winthrop Parks and RecreationFY2022$51,500

Town of WinthropFY2022$42,000

Winthrop Little League INCMA · FY2022$20,000

Winthrop Youth Hockey Association INCMA · FY2022$13,240

Winthrop Youth CheerFY2022$12,665

Winthrop High SchoolFY2022$10,000

Winthrop Holiday Festival CommitteeMA · FY2022$9,350

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$28K

Ln 12

Investment incomeLn 3$20K

Gifts and grantsLn 1h$8K

Money outPt IX

$223K

Ln 25

Programscol B$210K

Managementcol C$13K

Owns and owesPt X

$701K

net assets · Ln 32

Cash and savingsLn 1–2$701K

Total assetsLn 16$701K

LiabilitiesLn 26$0

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$8K

Investment incomeLn 3$20K

Total revenueLn 12$28K

Assets in detailPt X, end of year

CashLn 1$437K

SavingsLn 2$264K

Cash and savings togetherLn 1–2$701K

Total assetsLn 16$701K

LiabilitiesLn 26$0

Net assetsLn 32$701K

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$896K	$701K
Total assetsLn 16	$896K	$701K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$896K	$701K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$202K	$202K
Management feesLn 11a	$8K	$4K	$4K
Accounting feesLn 11c	$8K		$8K
Office expensesLn 13	$3K	$3K	$673
All other expensesLn 24e	$1K	$1K
Total functional expensesLn 25	$223K	$210K	$13K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS May 4, 2026	$28K	$223K	−$195K	$701K	990 PDF
FY2024Filed with the IRS Jan 17, 2025	$510K	$91K	$419K	$896K	990 PDF
FY2023Filed with the IRS Feb 1, 2024	$57	$182K	−$181K	$477K	990 PDF
FY2022	Not on file
FY2021Filed with the IRS May 3, 2023	$0	$0	$0	$766K	990 PDF
FY2020Filed with the IRS May 3, 2023	$500K	$172K	$328K	$766K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $28,003 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $506,000$8,000

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $3,795$20,003

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $509,795$28,003

I-13 Grants and similar amounts paidPrior year $71,956$201,849

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $19,179$21,240

I-18 Total expensesPrior year $91,135$223,089

I-19 Revenue less expensesPrior year $418,660−$195,086

Part VI · Governance 7 of 7 board members independent, 4 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $28,003 across 4 lines filed

VIII-1f All other contributions, gifts and grants$8,000

VIII-1h Total contributions, gifts and grants$8,000

VIII-3 Investment incomeExcluded from tax $20,003$20,003

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,003$28,003

Part IX · Statement of functional expenses $223,089 across 5 lines filed

IX-1 Grants to domestic organizationsPrograms $201,849$201,849

IX-11a Management feesPrograms $4,100 · Management $4,100$8,200

IX-11c Accounting feesManagement $8,500$8,500

IX-13 Office expensesPrograms $2,692 · Management $673$3,365

IX-24e All other expensesPrograms $1,175$1,175

IX-25 Total functional expensesPrograms $209,816 · Management $13,273 · Fundraising $0$223,089

Part X · Balance sheet $700,881 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $642,241$437,037

X-2 Savings and temporary cash investmentsStart of year $253,726$263,844

X-16 Total assetsStart of year $895,967$700,881

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $108,503$123,233

X-28 Net assets with donor restrictionsStart of year $787,464$577,648

X-32 Total net assets or fund balancesStart of year $895,967$700,881

X-33 Total liabilities and net assetsStart of year $895,967$700,881

Part XI · Reconciliation of net assets $700,881 net assets at year end

XI-1 Total revenue$28,003

XI-2 Total expenses$223,089

XI-3 Revenue less expenses−$195,086

XI-4 Net assets at start of year$895,967

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$700,881

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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The Winthrop Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for The Winthrop Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV