Massachusetts Charitable Mechanic Association
- Assets
- $4.2m
- Revenue
- $833.4k
- Investments
- $3.6m
- Employees
- 0
- Location
- Quincy, MA
- Founding
- 08/1990
- Data as of
- 12/2021
- EIN
- 04-2023566
Organization Overview
Massachusetts Charitable Mechanic Association is located in Quincy, MA. The organization was established in 1990. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Charitable Mechanic Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Massachusetts Charitable Mechanic Association generated $833.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $531.2k during the year ending 12/2021. While expenses have increased by 9.2% 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.
Since 2015, Massachusetts Charitable Mechanic Association has awarded 229 individual grants totaling $2,116,126. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CONTRIBUTIONS TO NONPROFIT ORGANIZATIONS WHO PROMOTE THE TRADES OR TRAIN TRADESMAN, INCLUDING THOSE WITH PHYSICAL AND DEVELOPMENTAL DISABILITIES FOR EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin F Joyce Secretary | 4 | $0 | |
Charles S Sulkala President | 2 | $0 | |
Gregory Davidian Trustee | 0 | $0 | |
Joseph Maclaughlin Trustee | 0 | $0 | |
Richard Stewart Trustee | 0 | $0 | |
Barry Williams Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $154,438 |
| Interest on Savings | $1 |
| Dividends & Interest | $80,364 |
| Net Rental Income | $8,046 |
| Net Gain on Sale of Assets | $572,174 |
| Capital Gain Net Income | $572,174 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $833,377 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $20,400 |
| Interest | $0 |
| Taxes | $7,982 |
| Depreciation | $10,805 |
| Occupancy | $19,426 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $7,452 |
| Other expenses | $112,274 |
| Total operating and administrative expenses | $261,024 |
| Contributions, gifts, grants paid | $270,193 |
| Total expenses and disbursements | $531,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,603 |
| Savings and temporary cash investments | $248,205 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $50,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,700 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $202,133 |
| Other assets | $0 |
| Total assets | $4,186,500 |
| Accounts payable and accrued expenses | $34,308 |
| Grants payable | $0 |
| Deferred revenue | $2,200 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,658 |
| Total liabilities | $47,166 |
Grants Awarded
Over the last fiscal year, Massachusetts Charitable Mechanic Association has awarded $276,860 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON HIGASHI SCHOOL PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $6,000 |
CHALLENGE UNLIMITED PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $8,000 |
COTTING SCHOOL PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $6,312 |
DOUBLE EDGE THEATRE PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $11,576 |
GLOUCESTER MARINE GENOMICS INSTITUT PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $21,892 |
LOVELANE PURPOSE: TRADE RELATED EQUIPMENT AND SUPPORT | $1,000 |