Massachusetts Laborers Highway Unified Tr
- Assets
- $9.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Hopkinton, MA
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 04-3408561
Organization Overview
Massachusetts Laborers Highway Unified Tr is located in Hopkinton, MA. The organization was established in 1998. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2022, Massachusetts Laborers Highway Unified Tr employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Laborers Highway Unified Tr is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Massachusetts Laborers Highway Unified Tr generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 3.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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 IDENTIFY AND EXPAND WORK OPPORTUNITIES AND TO PROMOTE THE ECONOMIC COMPETITIVENESS OF THE UNION AND THE EMPLOYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT AND BENEFIT PAYMENTS ON BEHALF OF MEMBER EMPLOYERS IN ORDER TO INSURE THAT THE UNION EMPLOYERS REMAIN COMPETITIVE IN THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Bonfiglio Chairman | Trustee | 1 | $0 |
John Tranghese Director | 40 | $162,073 | |
Thomas Andrews Trustee | Trustee | 1 | $0 |
Gary Krieger Field Auditor | 40 | $104,317 | |
Robert Toomey Trustee | Trustee | 1 | $0 |
Ken Straney Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,898,986 |
| Fundraising events | $0 |
| Related organizations | $386,582 |
| 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 | $3,285,568 |
| Total Program Service Revenue | $0 |
| Investment income | $68,745 |
| 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 | $3,354,313 |
| 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 | $1,110,962 |
| 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 | $346,229 |
| Pension plan accruals and contributions | $147,673 |
| Other employee benefits | $110,295 |
| Payroll taxes | $26,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,000 |
| Fees for services: Accounting | $45,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,732 |
| Information technology | $24,807 |
| Royalties | $0 |
| Occupancy | $14,443 |
| Travel | $59,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,093 |
| Insurance | $16,335 |
| All other expenses | $0 |
| Total functional expenses | $1,968,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,725,211 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $244,971 |
| 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 | $7,563 |
| Net Land, buildings, and equipment | $5,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,145 |
| Total assets | $9,117,215 |
| Accounts payable and accrued expenses | $29,829 |
| Grants payable | $4,169,310 |
| 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 | $30,078 |
| Total liabilities | $4,229,217 |
| Net assets without donor restrictions | $4,887,998 |
| 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 | $9,117,215 |