Building Trades Employers Association Of Boston & Eastern Ma
- Assets
- $2.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Braintree, MA
- Founding
- 06/1944
- Data as of
- 12/2021
- EIN
- 04-1133160
Organization Overview
Building Trades Employers Association Of Boston & Eastern Ma is located in Braintree, MA. The organization was established in 1944. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Building Trades Employers Association Of Boston & Eastern MA employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Trades Employers Association Of Boston & Eastern MA 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, Building Trades Employers Association Of Boston & Eastern MA generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 10.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
REPRESENT UNION CONTRACTORS IN THE BUILDING AND CONSTRUCTION INDUSTRY IN BOSTON AND EASTERN MA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPROPRIATE FOR THIS ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Gunning Sec/treas & Exec Director | OfficerTrustee | 30 | $246,941 |
David P Powell Labor Relations | Trustee | 30 | $41,940 |
John Ferrante Assoc Exec Director | Trustee | 30 | $38,033 |
Albert J Welch III President | OfficerTrustee | 5 | $0 |
Kevin R Gill Vice President | OfficerTrustee | 5 | $0 |
Donald Mackinnon Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $110,545 |
| 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 | $110,545 |
| Total Program Service Revenue | $1,739,677 |
| Investment income | $14,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,872,935 |
| 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. | $326,914 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,930 |
| Pension plan accruals and contributions | $70,527 |
| Other employee benefits | $16,991 |
| Payroll taxes | $46,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,004 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,912 |
| Advertising and promotion | $2,391 |
| Office expenses | $32,111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,950 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,124 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,748 |
| Insurance | $114,949 |
| All other expenses | $117,749 |
| Total functional expenses | $1,557,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,206,761 |
| Savings and temporary cash investments | $1,053,234 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150,742 |
| 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 | $8,813 |
| Net Land, buildings, and equipment | $3,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,552 |
| Total assets | $2,429,269 |
| Accounts payable and accrued expenses | $19,100 |
| Grants payable | $0 |
| Deferred revenue | $140,000 |
| 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 | $263,497 |
| Total liabilities | $422,597 |
| Net assets without donor restrictions | $2,006,672 |
| 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 | $2,429,269 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Building Trades Employers Association Of Boston & Eastern Ma has recieved totaling $31,012.
| Awarding Organization | Amount |
|---|---|
Massachusetts Construction Advancement Program Framingham, MA PURPOSE: CAREER ADVANCEMENT | $31,012 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cities For Financial Empowerment Fund Inc New York, NY | $14,654,854 | $7,980,604 |
Bottom Line Inc Boston, MA | $17,407,844 | $19,309,420 |
Cidny-Independent Living Services Inc Brooklyn, NY | $9,867,599 | $12,474,702 |
Neighborhood Stabilization Corporation Boston, MA | $29,880,510 | $6,854,139 |
Hunt Community Nashua, NH | $57,177,918 | $15,936,193 |
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
The Fund For Parks And Recreation In Boston Boston, MA | $15,922,090 | $6,711,889 |
128 West Transportation Council Inc Waltham, MA | $2,138,696 | $3,791,714 |
Mass Mentoring Partnership Inc Boston, MA | $3,908,855 | $3,737,455 |
Excavators 731 Property Corp Astoria, NY | $23,888,581 | $2,129,993 |
Addie Mae Collins Community Services New York, NY | $1,021,619 | $2,927,389 |
Innovation Network For Communities Tamworth, NH | $2,636,975 | $4,286,946 |