Massachusetts Lodging Association
- Assets
- $445.4k
- Revenue
- $433.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Boston, MA
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 04-3142502
Organization Overview
Massachusetts Lodging Association is located in Boston, MA. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Lodging Association 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, Massachusetts Lodging Association generated $433.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $533.3k during the year ending 12/2021. 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
THE ASSOCIATION SERVES ALL MASSACHUSETTS LODGING ESTABLISHMENTS IN MATTERS OF LEGISLATIVE AND REGULATORY REPRESENTATION, INDUSTRY EDUCATION AND TRAINING, INFORMATION SERVICES AND MARKETING ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
THE MASSACHUSETTS LODGING ASSOCIATION, INC.'S FIRST COMMITMENT IS TO CREATE AND IMPLEMENT AN AGRESSIVE PROGRAM TO DEVELOP THE BUSINESS AND LEISURE INDUSTRY IN THE COMMONWEALTH OF MASSACHUSETTS. ITS SECOND COMMITMENT IS TO CREATE A BETTER BUSINESS ENVIRONMENT THROUGH LEGISLATIVE EFFORTS AND NETWORKING WITH RELATED ASSOCIATIONS. MEMBERS PAY AN ANNUAL FEE AND IN RETURN RECEIVE INDUSTRY REPRESENTATION AS WELL AS SPECIAL RATES ON MLA BENEFITS. SOME OF THESE BENEFITS INCLUDE EDUCATIONAL SEMINARS, NEWSLETTERS AND MAILINGS ABOUT PERTINENT HOSPITALITY AND LEGISLATIVE MATTERS. GREAT ESCAPES IS A VISITOR'S GUIDE PRODUCED BY THE MLA AND IS PARTIALLY UNDER-WRITTEN BY THE COMMONWEALTH OF MASSACHUSETTS OFFICE OF TRAVEL AND TOURISM. IT IS A PUBLICATION FOR WINTER TOURISM PROMOTING BOSTON AND ALL OF MASSACHUSETTS. THE ANNUAL CONFERENCE ALLOWS FOR ALL MEMBERS TO BE UPDATED ON CURRENT ISSUES AND INFORMATION REGARDING THE HOSPITALITY INDUSTRY. IT ALSO SERVES AS A FORUM FOR THE EXCHANGE OF IDEAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Sacco President, C | OfficerTrustee | 40 | $202,077 |
Amy Finsilver Chair | OfficerTrustee | $0 | |
Joe Capalbo Vice Chair | OfficerTrustee | $0 | |
Maura Peeler Treasurer | OfficerTrustee | $0 | |
Trish Berry Secretary | OfficerTrustee | $0 | |
See Schedule Attached Director | Trustee | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $312,638 |
| Investment income | $176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,907 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $433,602 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,077 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,678 |
| Payroll taxes | $12,983 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,151 |
| Advertising and promotion | $0 |
| Office expenses | $25,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,502 |
| Travel | $1,389 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,836 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $31,536 |
| Total functional expenses | $533,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,124 |
| Savings and temporary cash investments | $157,254 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $182,139 |
| 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 | $859 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,982 |
| Total assets | $445,358 |
| Accounts payable and accrued expenses | $5,520 |
| 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 | $60,000 |
| Other liabilities | $17,304 |
| Total liabilities | $82,824 |
| Net assets without donor restrictions | $362,534 |
| 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 | $445,358 |
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