Massachusetts Construction Advancement Program
- Assets
- $4.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Framingham, MA
- Founding
- 03/1974
- Data as of
- 12/2023
- EIN
- 23-7326022
Organization Overview
Massachusetts Construction Advancement Program is located in Framingham, MA. The organization was established in 1974. According to its NTEE Classification (U01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Construction Advancement Program is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Massachusetts Construction Advancement Program generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 9 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.
Since 2018, Massachusetts Construction Advancement Program has awarded 16 individual grants totaling $4,032,692. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADDRESS INDUSTRY WIDE ISSUES AFFECTING THE MASSACHUSETTS CONSTRUCTION INDUSTRY FOR THE MUTUAL BENEFIT OF PROPERTY OWNERS, THE PUBLIC, CONTRACTORS AND THEIR EMPLOYEES
Describe the Organization's Program Activity:
Part 3 - Line 4a
REIMBURSEMENT TO OTHER INDUSTRY ASSOCIATIONS FOR STAFF TIME AND LEGAL SERVICES DEVOTED TO MCAP PROGRAMS: BUILDING TRADES EMPLOYERS ASSOCIATION OF BOSTON AND EASTERN MASS AND ASSOCIATED GENERAL CONTRACTORS OF MASSACHUSETTS.
DIRECT PROGRAM EXPENSES ASSOCIATED WITH EDUCATION, SAFETY AND OTHER INDUSTRY ISSUES. MCAP ALSO PROVIDES GRANTS TO OTHER NONPROFIT ASSOCIATIONS FOR EDUCATION AND SAFETY TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Morash Trustee/chairman | OfficerTrustee | 1 | $2,000 |
Thomas Steeves Trustee/sec Treasurer | OfficerTrustee | 1 | $4,300 |
Brian Baynes Trustee | Trustee | 1 | $2,000 |
Rodney Frias Trustee | Trustee | 1 | $5,100 |
Thomas Gunning Trustee | Trustee | 1 | $16,600 |
Maureen Kirkpatrick 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 | $2,115,322 |
| Investment income | $138,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,991 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,217,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,617,582 |
| Grants and other assistance to domestic individuals. | $39,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $42,779 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,245 |
| 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 | $48,844 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,221 |
| All other expenses | $0 |
| Total functional expenses | $2,876,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,535 |
| Savings and temporary cash investments | $84,799 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,227 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,399,188 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,673,749 |
| Accounts payable and accrued expenses | $141,954 |
| 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 | $141,954 |
| Net assets without donor restrictions | $4,531,795 |
| 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 | $4,673,749 |
Grants Awarded
Over the last fiscal year, Massachusetts Construction Advancement Program has awarded $2,617,582 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BUILDING TRADES EMPLOYERS ASSOC PURPOSE: CAREER ADVANCEMENT AND SAFETY TRAINING | $1,245,998 |
ASSOCIATED GENERAL CONTRACTORS OF MA PURPOSE: PREPARING STUDENTS FOR APPRENTICESHIPS AND SAFETY TRAINING | $1,303,895 |
BUILDING PATHWAYS PURPOSE: TO IMPROVE EDUCATIONAL AND SKILL TRAINING FOR LOW INCOME YOUTH | $67,689 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Construction Advancement Program Framingham, MA | $4,673,749 | $2,217,436 |
Proof Of Stake Alliance Mineola, NY | $221,533 | $1,125,026 |
Construction Industries Of Massachusetts Advancement Fund Framingham, MA | $4,162,224 | $945,333 |
Rhode Island Construction Industry Advancement Fund Slatersville, RI | $2,470,085 | $748,377 |
Rhode Island Heavy And Highway Construction Industry Advancement Warwick, RI | $1,134,993 | $932,119 |
Climatehaven Inc New Haven, CT | $833,611 | $1,402,733 |
Massautonomy Inc Marlborough, MA | $296,079 | $807,041 |
Latinos In Bio Inc Wellesley, MA | $78,012 | $0 |
Science Clubs International Inc Cambridge, MA | $48,477 | $0 |
International Union United Auto Aerospace & Agricultural Workers Buffalo, NY | $108,996 | $0 |
Blockchain Alliance International Inc New York, NY | $430 | $0 |
Arbex Corporation Boston, MA | $3,000 | $0 |