Massachusetts Construction Advancement Program
- Assets
- $6.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Framingham, MA
- Founding
- 03/1974
- Data as of
- 12/2021
- 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 12/2021, Massachusetts Construction Advancement Program generated $2.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 4.8% 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
2021
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 ASSOCIATION OF BOSTON AND EASTERN MASS: $588,000. ASSOCIATED GENERAL CONTRACTORS OF MASSACHUSETTS: $588,000.
DIRECT PROGRAM EXPENSES ASSOCIATED WITH EDUCATION, SAFETY AND OTHER INDUSTRY ISSUES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Morash Trustee And Chairman | OfficerTrustee | 1 | $2,400 |
Thomas Steeves Trustee | Trustee | 1 | $2,400 |
Michael Sanchez Trustee | Trustee | 1 | $2,400 |
Rodney Frias Trustee | Trustee | 1 | $2,000 |
Brian Baynes Trustee | Trustee | 1 | $2,000 |
Thomas J Gunning Trustee And Secretary-Trea | OfficerTrustee | 1 | $1,600 |
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 | $2,049,546 |
| Investment income | $134,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $198,318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,381,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,012 |
| Grants and other assistance to domestic individuals. | $40,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $15,200 |
| Compensation of current officers, directors, key employees. | $15,200 |
| 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 | $0 |
| Fees for services: Legal | $100,000 |
| Fees for services: Accounting | $3,700 |
| 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 | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $1,176,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $57,438 |
| Total functional expenses | $2,058,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,374 |
| Savings and temporary cash investments | $1,000,791 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,595 |
| 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 | $4,911,563 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,185,323 |
| Accounts payable and accrued expenses | $110,010 |
| 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 | $110,010 |
| Net assets without donor restrictions | $6,075,313 |
| 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 | $6,185,323 |
Grants Awarded
Over the last fiscal year, Massachusetts Construction Advancement Program has awarded $106,012 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Wellesley, MA PURPOSE: PREPARE STUDENTS FOR APPRENTICESHIPS | $75,000 |
Braintree, MA PURPOSE: CAREER ADVANCEMENT | $31,012 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Construction Advancement Program Framingham, MA | $6,185,323 | $2,381,897 |
Construction Industries Of Massachusetts Advancement Fund Framingham, MA | $4,095,808 | $1,153,175 |
Rhode Island Heavy And Highway Construction Industry Advancement Warwick, RI | $750,356 | $777,027 |
Proof Of Stake Alliance Mineola, NY | $208,184 | $975,076 |
Rhode Island Construction Industry Advancement Fund Providence, RI | $2,791,869 | $660,891 |
Massautonomy Inc Marlborough, MA | $249,755 | $0 |
Latinos In Bio Inc Wellesley, MA | $1,085 | $0 |
Arbex Corporation Boston, MA | $3,000 | $0 |