Retired Educators Association Of Massachusetts
- Assets
- $205.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Marlborough, MA
- Founding
- 02/1964
- Data as of
- 09/2023
- EIN
- 04-2429428
Organization Overview
Retired Educators Association Of Massachusetts, operating under the name Ream, 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 09/2023, Ream employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ream 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 09/2023, Ream generated $105.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $125.1k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
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
ANNUAL MEETING AND ZOOM SEMINARS TO UPDATE AND INFORM MEMBERS OF ISSUES SUCH AS UPCOMING LEGISLATION AND ELDER FRAUD SCAMS.
SCHOLARSHIPS TO SUPPORT MEMBERS' FAMILIES.
NEWSLETTERS TO KEEP MEMBERS INFORMED OF MATTERS OF INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Dedonato Executive Director | 25 | $48,000 | |
Marilyn Frank President | 2 | $2,500 | |
Frances Sacco Secretary | 1.5 | $2,000 | |
Richard Coffey Treasurer | 8 | $4,700 | |
Mary Ellen Sorensen First Vice-President | 2 | $0 | |
Cindy Taddeo Second Vice-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,827 |
| Total Program Service Revenue | $17,139 |
| Membership dues | $82,396 |
| Investment income | $1,569 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $477 |
| Total Revenue | $105,408 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $14,754 |
| Salaries, other compensation, and employee benefits | $61,993 |
| Professional fees and other payments to independent contractors | $21,276 |
| Occupancy, rent, utilities, and maintenance | $16,282 |
| Printing, publications, postage, and shipping | $4,735 |
| Other expenses | $1,062 |
| Total expenses | $125,097 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $205,748 |
| Other assets | $0 |
| Total assets | $205,748 |
| Total liabilities | $0 |
| Net assets or fund balances | $205,748 |