Retired Educators Association Of Massachusetts
- Assets
- $298.2k
- Revenue
- $103.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Marlborough, MA
- Founding
- 02/1964
- Data as of
- 09/2020
- EIN
- 04-2429428
Organization Overview
Retired Educators Association Of Massachusetts is located in Marlborough, MA. The organization was established in 1964. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2020, Retired Educators Association Of Massachusetts employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retired Educators Association 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 09/2020, Retired Educators Association Of Massachusetts generated $103.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $151.3k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SERVING THE INTERESTS OF RETIRED EDUCATORS OF MASSACHUSETTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
4A. SEMINARS ON RETIREMENT
QUARTERLY NEWSLETTER
SCHOLARSHIPS
ANNUAL MEETING TO DISCUSS AND INFORM MEMBERS OF PENDING LEGISLATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Sacco 1st Vice President | Officer | 0 | $0 |
Marilyn Frank President | Officer | 0 | $0 |
Thomas Seawell 2nd Vice President | Officer | 0 | $0 |
John Harmon Treasurer | Officer | 7 | $0 |
Karen Dedonato Executive Director | Trustee | 32 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,256 |
| Investment income | $677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $103,411 |
| Statement of Expenses | |
|---|---|
| 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. | $7,126 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,268 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $21,013 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $695 |
| Advertising and promotion | $0 |
| Office expenses | $21,312 |
| Information technology | $4,500 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,130 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,400 |
| All other expenses | $0 |
| Total functional expenses | $151,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,086 |
| Savings and temporary cash investments | $234,025 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $136 |
| Total assets | $298,247 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $298,247 |
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