Massachusetts Teachers Association
- Assets
- $75.4k
- Revenue
- $245.1k
- Investments
- $0.0
- Employees
- 12
- Location
- Ludlow, MA
- Founding
- 10/1972
- Data as of
- 06/2020
- EIN
- 23-7132561
Organization Overview
Massachusetts Teachers Association is located in Ludlow, 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 06/2019, Massachusetts Teachers Association employed 12 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 06/2020, Massachusetts Teachers Association generated $245.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $246.6k during the year ending 06/2020. While expenses have increased by 1.7% per year over the past 5 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
MAINTAIN AND IMPROVE THE QUALITY OF EDUCATION FOR THE STUDENTS AND UPHELD HIGH PROFESSIONAL STANDARDS AND ADVANCE THE SOCIO-ECONOMIC WELL BEING OF EDUCATORS OF LUDLOW, MA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED AND IMPROVED THE QUALITY OF EDUCATION FOR THE STUDENTS AND UPHELD HIGH PROFESSIONAL STANDARDS AND ADVANCED THE SOCIO-ECONOMIC WELL BEING OF EDUCATORS IN LUDLOW, MA.
MAINTAINED AND IMPROVED THE QUALITY OF EDUCATION FOR THE STUDENTS AND UPHELD HIGH PROFESSIONAL STANDARDS AND ADVANCED THE SOCIO-ECONOMIC WELL BEING OF EDUCATORS OF LUDLOW, MA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jodi Yarkey Co-President | OfficerTrustee | 2 | $4,238 |
Nancy Raymond Co-President | OfficerTrustee | 2 | $4,238 |
Allison Breen Treasurer | Officer | 2 | $2,250 |
Peter Vamosy Secretary | Officer | 2 | $1,525 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,414 |
| Investment income | $1,226 |
| 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 | $1,440 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $219,185 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,611 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,266 |
| Payroll taxes | $3,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,065 |
| Advertising and promotion | $0 |
| Office expenses | $941 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $246,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,982 |
| Savings and temporary cash investments | $13,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $24,442 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,422 |
| Accounts payable and accrued expenses | $21,945 |
| 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 | $21,945 |
| 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 |
| Total liabilities and net assets/fund balances | $53,477 |