Associated Industries Of Massachusetts
- Assets
- $12.4m
- Revenue
- $6.5m
- Investments
- $2.9m
- Employees
- 60
- Location
- Boston, MA
- Founding
- 07/1946
- Data as of
- 12/2021
- EIN
- 04-1045830
Organization Overview
Associated Industries Of Massachusetts is located in Boston, MA. The organization was established in 1946. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2021, Associated Industries Of Massachusetts employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Industries Of Massachusetts is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Associated Industries Of Massachusetts generated $6.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $5.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AIM'S MISSION IS TO PROMOTE THE WELL-BEING OF ITS MEMBERS AND THEIR EMPLOYEES... (SEE SCHEDULE O).AND THE PROSPERITY OF THE COMMONWEALTH OF MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKED ON BEHALF OF MASSACHUSETTS EMPLOYERS TO IMPROVE THE ECONOMIC CLIMATE IN MASSACHUSETTS; PROVIDED RELEVANT AND RELIABLE INFORMATION, AND ADVOCATED FOR FAIR AND EQUITABLE PUBLIC POLICIES THROUGH LEGISLATIVE AND REGULATORY ACTIVITIES AND PUBLIC AFFAIRS PROGRAMS. DEVELOPED AND DELIVERED EDUCATIONAL SEMINARS AND MEETINGS TO PROVIDE GENERAL OR TECHNICAL INFORMATION ON ISSUES IMPACTING EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Regan President & CEO | OfficerTrustee | 32 | $404,742 |
Brooke M Thomson Exec Vp, Government Affairs | Officer | 34.79 | $296,350 |
Christopher Kealey Exec VP & COO (as Of 2/21) | Officer | 35 | $245,570 |
Cindy Wood Lyman Thru 1021 Exec Vp, Finance And Admin | Officer | 28.7 | $237,896 |
Christopher P Geehern Clerk & Exec Vp, Marketing | Officer | 35 | $218,298 |
Robert S Paine Exec Vp, Membership | 35 | $216,738 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,766,640 |
| Investment income | $466,913 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,220,921 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,472,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,709,799 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,005,729 |
| Pension plan accruals and contributions | $86,242 |
| Other employee benefits | $346,167 |
| Payroll taxes | $249,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,553 |
| Fees for services: Accounting | $50,414 |
| Fees for services: Lobbying | $19,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,980 |
| Advertising and promotion | $0 |
| Office expenses | $90,190 |
| Information technology | $256,924 |
| Royalties | $0 |
| Occupancy | $284,330 |
| Travel | $12,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,752 |
| Interest | $7,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $209,991 |
| Insurance | $28,764 |
| All other expenses | $0 |
| Total functional expenses | $5,917,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,828 |
| Savings and temporary cash investments | $4,024 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,243 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,006 |
| Net Land, buildings, and equipment | $295,490 |
| Investments—publicly traded securities | $6,025,641 |
| Investments—other securities | $2,861,904 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,867,460 |
| Total assets | $12,362,596 |
| Accounts payable and accrued expenses | $949,803 |
| Grants payable | $0 |
| Deferred revenue | $2,236,979 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $841,851 |
| Total liabilities | $4,028,633 |
| Net assets without donor restrictions | $8,333,963 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,362,596 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Associated Industries Of Massachusetts has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Tufts Associated Health Maintenance Organization Inc Canton, MA PURPOSE: Mission Continues - Benefactor Level | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Federation Of Teachers New York, NY | $15,634,112 | $19,917,624 |
International Brotherhood Of Electrical Workers Flushing, NY | $42,808,557 | $29,527,864 |
American Federation Of State County & Municipal Employees New York, NY | $5,666,474 | $18,719,600 |
Laboers International Union Of North America New York, NY | $82,959,218 | $20,599,249 |
Electrical Workers Local No 86 Insurance Fund Plan And Trust Rochester, NY | $26,301,983 | $18,525,409 |
International Brotherhood Of Electrical Workers Dorchester, MA | $20,226,169 | $18,660,825 |
International Union Of Painters And Allied Trades New York, NY | $30,422,741 | $16,478,287 |
International Brotherhood Of Teamsters New York, NY | $10,937,127 | $16,693,793 |
New York State Correctional Albany, NY | $26,423,975 | $18,262,137 |
Retail Wholesale & Department Store Union New York, NY | $50,504,227 | $15,796,954 |
Laborers International Union Of North America Astoria, NY | $45,280,264 | $16,536,779 |
Council Of School Supervisors And Administrators Of The City Of Ny New York, NY | $57,802,367 | $21,293,230 |