Massachusetts Laborers Legal Service Fund
- Assets
- $11.2m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Burlington, MA
- Founding
- 11/2004
- Data as of
- 12/2020
- EIN
- 04-6357603
Organization Overview
Massachusetts Laborers Legal Service Fund is located in Burlington, MA. The organization was established in 2004. 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 12/2020, Massachusetts Laborers Legal Service Fund employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Laborers Legal Service Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2020, Massachusetts Laborers Legal Service Fund generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.5m during the year ending 12/2020. While expenses have increased by 1.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE PLAN IS TO PROVIDE LEGAL BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE PLAN IS TO PROVIDE LEGAL BENEFITS TO ELIGIBLE PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary P O'malley Administrator | Officer | 40 | $249,725 |
John A Rice Jr Staff Attorney | 40 | $151,931 | |
Michael J Riley Staff Attorney | 40 | $131,952 | |
Robert M Cassesso Jr Staff Attorney | 40 | $111,740 | |
Jennifer L Fearnley Staff Attorney | 40 | $109,080 | |
Barbara J Delucca-Rea Secretary/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 | $2,953,386 |
| Investment income | $192,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,178 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,150,532 |
| 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 | $2,038,228 |
| Compensation of current officers, directors, key employees. | $118,487 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,366 |
| Pension plan accruals and contributions | $59,305 |
| Other employee benefits | $29,436 |
| Payroll taxes | $17,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,000 |
| Fees for services: Accounting | $25,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,500 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,401 |
| Information technology | $12,973 |
| Royalties | $0 |
| Occupancy | $39,112 |
| Travel | $3,112 |
| 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 | $1,964 |
| Insurance | $9,926 |
| All other expenses | $0 |
| Total functional expenses | $2,539,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,259 |
| Savings and temporary cash investments | $430,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $267,000 |
| 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 | $43,743 |
| Net Land, buildings, and equipment | $42,275 |
| Investments—publicly traded securities | $10,257,181 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,170,855 |
| Accounts payable and accrued expenses | $73,272 |
| 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 | $256,371 |
| Total liabilities | $329,643 |
| 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 | $10,841,212 |
| Total liabilities and net assets/fund balances | $11,170,855 |