Boston Building Service Employees' Trust Fund

Organization Overview

Boston Building Service Employees' Trust Fund is located in Boston, MA. The organization was established in 1963. 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 12/2019, Boston Building Service Employees' Trust Fund employed 22 individuals. Boston Building Service Employees' Trust Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2019, Boston Building Service Employees' Trust Fund generated $9.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (32.0%) each year. All expenses for the organization totaled $7.4m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (31.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE MEDICAL AND DISABILITY BENEFITS TO PARTICIPANTS AND THEIR BENEFICIARIES UNDER A COLLECTIVE BARGAINING AGREEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE TRUST PROVIDES FUNDS FOR THE PAYMENT OF MEDICAL AND DISABILITY BENEFITS TO APPROXIMATELY 84 ELIGIBLE PARTICIPANTS AND THEIR ELIGIBLE BENEFICIARIES.


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Board, Officers & Key Employees

Name (title)Compensation
Emanuel Pastreich
Trustee
$0
Roxana Rivera
Trustee/chairman
$0
Peter Goldberger
Executive Director
$6,402
Elaine Pommells
Director Of Finance
$1,975
James Canavan
Trustee
$0
Vince Wong
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Delta Dental Of Massachusetts
Dental Admin.
$191,000
Health Plans Inc
Medical Admin.
$1,723,893
View All Vendors

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$252,557
Investment income $1,324,948
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,343,813
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,031,950

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