Nonprofit · EIN 22-2339225
LORETTO FOUNDATION
Tax-exempt · SYRACUSE, NY 13205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $961,994 | $539,298 | $422,696 | $2,954,114 | $734,227 | $2,219,887 |
| December 31, 2023 | 990 | $558,263 | $808,446 | -$250,183 | $2,685,085 | $887,894 | $1,797,191 |
| December 31, 2022 | 990 | $594,873 | $797,454 | -$202,581 | $3,017,543 | $1,015,115 | $2,002,428 |
| December 31, 2021 | 990 | $1,087,635 | $1,734,760 | -$647,125 | $3,255,753 | $946,009 | $2,309,744 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $601,988
- Program service revenue
- $224,478
- Investment income
- $30,315
- Net income from fundraising events
- $949
- Other revenue
- $105,213
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $7,850
- Depreciation
- $810
- Program services (functional)
- $238,920
- Management and general (functional)
- $200,785
- Fundraising (functional)
- $99,593
Balance sheet and other
- Total assets, start of year
- $2,685,085
- Total assets, end of year
- $2,954,114
- Total liabilities, end of year
- $734,227
- Net assets, end of year
- $2,219,887
- Land, buildings and equipment
- $1,690
- Net assets without donor restrictions
- $1,349,305
- Net assets with donor restrictions
- $870,582
- Gross receipts
- $1,012,424
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1974
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KIMBERLY TOWNSEND | CEO/PRESIDENT Officer | 1 | $0 | $609,681 | $27,907 |
| JOHN MURRAY | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $299,513 | $4,334 |
| JULIE SHEEDY | CHIEF MARKETING AND ENGAGEMENT OFFICER Key employee | 8 | $0 | $251,743 | $3,797 |
| PETER E MUSERLIAN | BOARD MEMBER, PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL ZANDRI | BOARD MEMBER, PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| JASON SMOROL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CATHERINE JAMES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN P CONDON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GREG LANCETTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PIERRE MORRISSEAU | BOARD MEMBER, TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| MARY KIELER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HELENE WALLACE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CRYSTAL PAOLELLI | BOARD MEMBER, SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| LIZA MAGLEY | BOARD MEMBER, CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| CLAUDIA GASIOROWSKI | BOARD MEMBER, VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEGAN SCHNEIDER | BOARD MEMBER Trustee or director | 1 | $0 |
| VICTORIA COLT | BOARD MEMBER Trustee or director | 1 | $0 |
| LAIZA SEMIDEY | BOARD MEMBER Trustee or director | 1 | $0 |
| KIMBERLY MURPHY | BOARD MEMBER Trustee or director | 1 | $0 |
| CONSTANCE PALLERIA | BOARD MEMBER Trustee or director | 1 | $0 |
| LISA SONNEBORN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KIMBERLY TOWNSEND | PRESIDENT Officer | 1 | $0 | $775,078 | $27,379 |
| JOHN MURRAY | CFO Officer | 1 | $0 | $305,507 | $4,238 |
| JULIE SHEEDY | CHIEF MARKETING AND ENGAGEMENT OFFICER Key employee | 8 | $83,545 | $156,481 | $0 |
| PETER E MUSERLIAN | BOARD MEMBER, PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL ZANDRI | BOARD MEMBER, CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JASON SMOROL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CORA ALSANTE | BOARD MEMBER, SECRETARY Trustee or director | 1 | $0 | $0 | $0 |
| JOHN P CONDON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GREG LANCETTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PIERRE MORRISSEAU | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MSGR J ROBERT YEAZEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| HELENE WALLACE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CRYSTAL PAOLELLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LIZA MAGLEY | BOARD MEMBER, VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| CLAUDIA GASIOROWSKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MEGAN SCHNEIDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| VICTORIA COLT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LAIZA SEMIDEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2022: 18 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| KIMBERLY TOWNSEND | PRESIDENT Officer | 1 | $0 | $527,235 |
| JOHN MURRAY | CFO Officer | 1 | $0 | $259,932 |
| JULIE SHEEDY | CHIEF MARKETING AND ENGAGEMENT OFFICER Key employee | 8 | $38,422 | $153,686 |
| PETER E MUSERLIAN | BOARD MEMBER, CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL ZANDRI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JASON SMOROL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CORA ALSANTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN P CONDON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREG LANCETTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PIERRE MORRISSEAU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MSGR J ROBERT YEAZEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HELENE WALLACE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CLAUDIA KOSTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRYSTAL PAOLELLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BARBARA C KIMM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RANDALL GREEN MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LIZA MAGLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MEGAN SCHNEIDER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2021: 22 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| KIMBERLY TOWNSEND | PRESIDENT Officer | 1 | $0 | $527,235 |
| JOHN MURRAY | CFO Officer | 1 | $0 | $259,932 |
| JULIE SHEEDY | CHIEF MARKETING AND ENGAGEMENT OFFICER Key employee | 8 | $38,422 | $153,686 |
| PETER E MUSERLIAN | BOARD MEMBER, CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL ZANDRI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAUL PREDMORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JASON SMOROL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CORA ALSANTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JEFF KNAUSS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN P CONDON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREG LANCETTE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PIERRE MORRISSEAU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MSGR J ROBERT YEAZEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HELENE WALLACE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CLAUDIA KOSTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRYSTAL PAOLELLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BARBARA C KIMM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RANDALL GREEN MD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LIZA MAGLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LISA SONNEBORN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PHILIP KESSLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES BREUER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 700 E BRIGHTON AVE, SYRACUSE, NY 13205-2201
- Principal officer (990 for 2024)
- JOHN G MURRAY, 700 EAST BRIGHTON AVENUE, SYRACUSE, NY 13205
- Signed the 990
- JOHN G MURRAY, CHIEF FINANCIAL OFFICER
- Phone
- (315) 469-5570
- Website
- WWW.LORETTOCNY.ORG
- Return prepared by
- BONADIO & CO LLP
Mission
TO ENGAGE IN CHARITABLE ACTIVITES AS MAY BE OF BENEFIT TO AGED PERSONS BY OPERATING SOLELY FOR THE BENEFIT OF, PERFORMING THE FUNCTIONS OF, OR CARRYING OUT THE PURPOSES FOR THE AFFILIATED LORETTO ORGANIZATIONS.
Program accomplishments
- THE LORETTO FOUNDATION ADMINISTERS THE LORETTO FOUNDATION COMMUNITY TRUST, A POOLED SUPPLEMENTAL NEEDS TRUST, WHICH BENEFITS MANY SENIORS AND DISABLED INDIVIDUALS IN THE COMMUNITY. INCOME FROM THE POOLED TRUST IS RESTRICTED FOR THE BENEFIT OF MEMBERS OF THE TRUST.Expenses $238,920 · revenue $328,742
- THE LORETTO FOUNDATION IS THE FUND DEVELOPMENT SEGMENT OF THE LORETTO ORGANIZATION AND HAS RESPONSIBILITY FOR RAISING MONEY TO SUPPORT THE ORGANIZATION'S NEEDS. GIFTS TO LORETTO SUPPORT THE FUTURE OF QUALITY AND ACCESSIBLE LONGTERM HEALTH CARE FOR THE FRAIL ELDERLY IN CENTRAL NEW YORK. LORETTO HAS PROVIDED SERVICE TO THIS POPULATION FOR 90 YEARS. WITH DONATIONS FROM THE COMMUNITY, LORETTO WILL CONTINUE TO FULFILL ITS MISSION OF PROVIDING QUALITY OF LIFE FOR THE FRAIL ELDERLY OF CENTRAL NEW YORK.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2339225
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,954,114
- Income (IRS master file)
- $1,012,424
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $961,994 | $539,298 | $2,954,114 | XML |
| 990 | December 2023 | $558,263 | $808,446 | $2,685,085 | XML |
| 990 | December 2022 | $594,873 | $797,454 | $3,017,543 | XML |
| 990 | December 2021 | $1,087,635 | $1,734,760 | $3,255,753 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2339225).
Questions about LORETTO FOUNDATION
- What is the EIN of LORETTO FOUNDATION?
- The employer identification number (EIN) of LORETTO FOUNDATION is 22-2339225.
- Is LORETTO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to LORETTO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LORETTO FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LORETTO FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LORETTO FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LORETTO FOUNDATION?
- The 990 for the year ended December 31, 2024 names JOHN G MURRAY.
- Who are the officers and directors of LORETTO FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 0 received compensation from the organization.
- How much revenue does LORETTO FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $961,994, expenses of $539,298 and total assets of $2,954,114 at year end.
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