Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund
- Assets
- $43.0m
- Revenue
- $5.3m
- Investments
- $7.8m
- Employees
- 0
- Location
- Dorchester, MA
- Founding
- Data as of
- 03/2022
- EIN
- 04-6544055
Organization Overview
Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund is located in Dorchester, MA. Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 03/2022, Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $2.2m during the year ending 03/2022. While expenses have increased by 0.3% per year over the past 7 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
EMPLOYEE BENEFIT PLAN TO PROVIDE BENEFITS TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYEE BENEFIT PLAN TO PROVIDE BENEFITS TO MEMBERS
EMPLOYEE BENEFIT PLAN TO PROVIDE BENEFITS TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mulcahy Trustee | Trustee | 1 | $947 |
Vincent Disalvo Trustee | Trustee | 1 | $0 |
Stephen Affanato Trustee | Trustee | 1 | $0 |
James Marguerite Trustee | Trustee | 1 | $0 |
William Redmond Trustee | Trustee | 1 | $0 |
Michael Frias 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 | $2,633,010 |
| Investment income | $1,310,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $128,211 |
| Net Gain/Loss on Asset Sales | $1,155,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,288,604 |
| 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 | $1,904,274 |
| Compensation of current officers, directors, key employees. | $1,679 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,182 |
| Pension plan accruals and contributions | $14,985 |
| Other employee benefits | $37,045 |
| Payroll taxes | $6,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,625 |
| Fees for services: Accounting | $13,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $82,732 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,562 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,076 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,788 |
| All other expenses | $10,267 |
| Total functional expenses | $2,239,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $676,859 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $282,465 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $227,891 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,100,000 |
| Investments—publicly traded securities | $30,804,089 |
| Investments—other securities | $7,849,675 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $92,629 |
| Total assets | $43,033,608 |
| Accounts payable and accrued expenses | $60,928 |
| 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 | $60,928 |
| 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 | $42,972,680 |
| Total liabilities and net assets/fund balances | $43,033,608 |
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