Lsp Association Inc
- Assets
- $1.0m
- Revenue
- $497.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Belmont, MA
- Founding
- 02/1998
- Data as of
- 06/2022
- EIN
- 04-3186859
Organization Overview
Lsp Association Inc is located in Belmont, MA. The organization was established in 1998. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Lsp 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 06/2022, Lsp Association Inc generated $497.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $396.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LSP ASSOCIATION, INC.'S (LSPA) MISSION IS TO (1) HELP MEMBERS ACHIEVE AND MAINTAIN A STANDARD OF PRACTICE COMMENSURATE WITH THEIR LEVEL OF RESPONSIBILITY IN OVERSEEING THE ASSESSMENT AND REMEDIATION OF HAZARDOUS WASTE DISPOSAL SITES (2) SERVE AS THE VOICE OF THE MEMBERSHIP IN COMMUNICATING WITH MASSDEP AND THE LSP BOARD OF REGISTRATION (3) ACT AS THE RESPONSIBLE ADVOCATE FOR OUR MEMBERSHIP WITH RESPECT TO REGULATIONS, POLICIES, AND PRACTICES THAT AFFECT THE LSP PROFESSION (4) SERVE AS AN EDUCATIONAL, INFORMATIONAL AND COMMUNICATIONS RESOURCE FOR MEMBERS AND THE GENERAL PUBLIC (5) PROVIDE MEMBERS WITH A FORUM FOR TIMELY TOPICS AND PROFESSIONAL ISSUES; EDUCATION PROGRAMS; AND TECHNICAL AND PROFESSIONAL INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LSPA, FOUNDED IN 1993, IS A PROFESSIONAL ASSOCIATION WITH 800 MEMBERS, AND A MISSION TO PROMOTE SOUND TECHNICAL AND BUSINESS PRACTICES AMONG LSPS AND OTHER MEMBERS. THE LSPA SERVES AS AN EDUCATION, INFORMATION, AND COMMUNICATION RESOURCE TO ITS MEMBERS AND THE GENERAL PUBLIC. THE LSPA SUPPORTS AN AGENDA THAT PROTECTS THE HEALTH AND SAFETY OF MASSACHUSETTS RESIDENTS WHILE EXPEDITING THE CLEANUP AND REUSE OF CONTAMINATED PROPERTIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Rundle Executive Director | Officer | 40 | $102,303 |
David Leone President | OfficerTrustee | 4 | $0 |
Michelle Paul Past President | OfficerTrustee | 4 | $0 |
Joseph Roman Treasurer | OfficerTrustee | 4 | $0 |
Charles Young President Elect | OfficerTrustee | 4 | $0 |
Patrick Corcoran Clerk | OfficerTrustee | 4 | $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 | $462,616 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $35,298 |
| 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 | $497,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,569 |
| 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. | $104,441 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,250 |
| Fees for services: Accounting | $18,530 |
| Fees for services: Lobbying | $30,325 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,791 |
| Advertising and promotion | $0 |
| Office expenses | $4,731 |
| Information technology | $5,716 |
| 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 | $59,310 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,013 |
| All other expenses | $0 |
| Total functional expenses | $396,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,381 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $511 |
| 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 | $6,698 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $584,098 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,030,688 |
| Accounts payable and accrued expenses | $21,337 |
| Grants payable | $0 |
| Deferred revenue | $73,662 |
| 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 | $94,999 |
| Net assets without donor restrictions | $935,689 |
| 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 | $1,030,688 |
Grants Awarded
Over the last fiscal year, Lsp Association Inc has awarded $18,569 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
WOODARD & CURRAN PURPOSE: RESEARCH | $7,500 |
CIVIL & ENVIRONMENTAL CONSULTANTS INC PURPOSE: RESEARCH | $5,000 |
SURFACE ENVIRONMENTAL SOLUTIONS PURPOSE: RESEARCH | $5,000 |
Natick, MA PURPOSE: SCHOLARSHIPS | $1,069 |
Endowment Analysis
| Beg. Balance | $110,216 |
| Earnings | -$7,271 |
| Ending Balance | $102,945 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Conference Board Inc New York, NY | $64,541,991 | $72,603,284 |
Securities Industry And Financial Markets Association Inc New York, NY | $42,827,387 | $47,657,181 |
34th Street Partnership Inc New York, NY | $17,652,180 | $14,359,330 |
Grand Central Partnership Inc New York, NY | $10,906,247 | $13,880,529 |
Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Brooklyn, NY | $54,916,417 | $14,539,539 |
Southeastern New England Defense Industry Alliance Middletown, RI | $1,374,254 | $9,240,701 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Connstep Inc Hartford, CT | $5,391,864 | $6,270,830 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |
Better Business Bureau Of Metropolitan New York Inc New York, NY | $2,973,168 | $5,685,810 |
Science Park Development Corporation New Haven, CT | $13,300,850 | $3,489,303 |
New York Society Of Security Analysts Inc New York, NY | $12,287,632 | $4,837,133 |