Massachusetts Senior Care Association Inc
- Assets
- $2.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Easton, MA
- Founding
- 07/1973
- Data as of
- 12/2022
- EIN
- 04-2372909
Organization Overview
Massachusetts Senior Care Association Inc is located in Easton, MA. The organization was established in 1973. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 12/2022, Massachusetts Senior Care Association Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Senior Care Association Inc 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 12/2022, Massachusetts Senior Care Association Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A VOICE FOR AND TO PROMOTE THE INTERESTS OF THE ASSOCIATIONS' LONG TERM CARE FACILITIES AND TO PROMOTE EXCELLENCE IN LONG TERM CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A VOICE FOR AND TO PROMOTE THE INTERESTS OF THE ASSOCIATIONS' LONG TERM CARE FACILITIES AND TO PROMOTE EXCELLENCE IN LONG TERM CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Berman Vice Chairman | OfficerTrustee | 0 | $0 |
William Bogdanovich Director | Trustee | 0 | $0 |
Matthew Salmon Director | Trustee | 0 | $0 |
Richard Bane Director | Trustee | 0 | $0 |
Naomi Prendergast Director | Trustee | 0 | $0 |
Phillip Arcidi Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rpa A Jensen Hughes Company Consultant | 12/30/21 | $189,300 |
Gray Media Consultant | 12/30/21 | $136,000 |
Joseph Grant Consultant | 12/30/21 | $125,000 |
Hooper Lundy & Bookman Pc Consultant | 12/30/21 | $104,007 |
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 | $720,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $720,195 |
| Total Program Service Revenue | $2,348,915 |
| Investment income | $52,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,582 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,184,846 |
| 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. | $386,203 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $759,397 |
| Pension plan accruals and contributions | $37,177 |
| Other employee benefits | $83,010 |
| Payroll taxes | $79,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $111,093 |
| Fees for services: Accounting | $54,025 |
| Fees for services: Lobbying | $395,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,797 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $134,682 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,649 |
| Travel | $24,932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $147,052 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,135 |
| Insurance | $0 |
| All other expenses | $40,449 |
| Total functional expenses | $3,369,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $137,965 |
| 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 | $19,361 |
| Net Land, buildings, and equipment | $40,830 |
| Investments—publicly traded securities | $1,444,215 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,880 |
| Total assets | $2,066,476 |
| Accounts payable and accrued expenses | $191,697 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,553 |
| Total liabilities | $196,250 |
| Net assets without donor restrictions | $1,870,226 |
| 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 | $2,066,476 |