Massachusetts Teachers Association
- Assets
- $648.7k
- Revenue
- $208.0k
- Investments
- $0.0
- Employees
- 55
- Location
- Quincy, MA
- Founding
- 10/1972
- Data as of
- 06/2023
- EIN
- 04-6087048
Organization Overview
Massachusetts Teachers Association is located in Quincy, MA. The organization was established in 1972. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2023, Massachusetts Teachers Association employed 55 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Massachusetts Teachers Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2023, Massachusetts Teachers Association generated $208.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $267.3k during the year ending 06/2023. While expenses have increased by 4.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LABOR UNION REPRESENTATIVE AND EXCLUSIVE BARGAINING AGENT FOR THE TEACHERS, NURSES AND CERTAIN OTHER ADMINISTRATORS OF THE QUINCY PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOR UNION REPRESENTATIVE AND EXCLUSIVE BARGAINING AGENT FOR THE TEACHERS,
LABOR UNION REPRESENTATIVE AND EXCLUSIVE BARGAINING AGENT FOR THE TEACHERS,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle Carvalho President | Officer | 0 | $16,500 |
Caitlin Egan Membership C | Officer | $9,800 | |
Michael Ellis Vice-Preside | Officer | $5,000 | |
Sarah Onofri Treasurer | Officer | $5,000 | |
Nicole Prevost Secretary | Officer | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $207,735 |
| 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 | $207,735 |
| Total Program Service Revenue | $0 |
| Investment income | $283 |
| 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 | $208,018 |
| 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. | $40,800 |
| Compensation of current officers, directors, key employees. | $9,033 |
| Compensation to disqualified persons | $1,179 |
| Other salaries and wages | $27,938 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,575 |
| Advertising and promotion | $0 |
| Office expenses | $18,740 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,025 |
| Travel | $944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,047 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,710 |
| Insurance | $1,782 |
| All other expenses | $911 |
| Total functional expenses | $267,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,578 |
| Savings and temporary cash investments | $340,979 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,807 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $77,108 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $64,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $648,704 |
| Accounts payable and accrued expenses | $102,907 |
| 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 | $0 |
| Total liabilities | $102,907 |
| Net assets without donor restrictions | $545,797 |
| 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 | $648,704 |