Boston Plasterers & Cement Masons & Asphalt Layers Loc 534 Hlth & Welf
- Assets
- $9.8m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Boston, MA
- Founding
- 04/1972
- Data as of
- 03/2024
- EIN
- 04-6049991
Organization Overview
Boston Plasterers & Cement Masons & Asphalt Layers Loc 534 Hlth & Welf is located in Boston, MA. The organization was established in 1972. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 03/2024, Boston Plasterers & Cement Masons & Asphalt Layers Loc 534 Hlth & Welf employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Plasterers & Cement Masons & Asphalt Layers Loc 534 Hlth & Welf is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 03/2024, Boston Plasterers & Cement Masons & Asphalt Layers Loc 534 Hlth & Welf generated $5.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $5.2m during the year ending 03/2024. While expenses have increased by 6.8% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH & WELFARE BENEFITS TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HEALTH AND WELFARE BENEFITS
TO PROVIDE HEALTH AND WELFARE BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Redmond Trustee | Trustee | 1 | $0 |
James Mulcahy Trustee | Trustee | 1 | $563 |
Stephen Affanato Trustee | Trustee | 1 | $0 |
Michael Frias Trustee | Trustee | 1 | $0 |
James Marguerite Trustee | Trustee | 1 | $0 |
Thomas Peckham Trustee | Trustee | 1 | $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 | $4,674,605 |
| Investment income | $214,687 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,312 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,983,808 |
| 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 | $4,555,497 |
| Compensation of current officers, directors, key employees. | $1,040 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,333 |
| Pension plan accruals and contributions | $19,951 |
| Other employee benefits | $46,155 |
| Payroll taxes | $9,443 |
| Fees for services: Management | $216,700 |
| Fees for services: Legal | $17,641 |
| Fees for services: Accounting | $27,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,205 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,423 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,488 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,502 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,317 |
| Insurance | $10,827 |
| All other expenses | $8,177 |
| Total functional expenses | $5,164,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,293,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $435,582 |
| 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 | $17,696 |
| Net Land, buildings, and equipment | $4,268 |
| Investments—publicly traded securities | $6,409,635 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,848 |
| Other assets | $662,919 |
| Total assets | $9,826,873 |
| Accounts payable and accrued expenses | $46,878 |
| 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 | $799,174 |
| Total liabilities | $846,052 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $8,980,821 |
| Total liabilities and net assets/fund balances | $9,826,873 |