Medford Police Relief Association Inc
- Assets
- $445.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Medford, MA
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 04-1959930
Organization Overview
Medford Police Relief Association Inc is located in West Medford, MA. The organization was established in 2005. According to its NTEE Classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medford Police Relief Association Inc is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2023, Medford Police Relief Association Inc generated $3.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (27.5%) each year. All expenses for the organization totaled $27.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THIS ASSOCIATION WAS FORMED TO PROVIDE DEATH & RETIREMENT BENEFITS TO POLICE OFFICERS, AT ALL RANKS, OF THE CITY OF MEDFORD. THE ASSOCIATION IS GOVERNED BY THE STATE OF MASSACHUSETTS INSURANCE DIVISION AND WAS FORMED BY A LEGISLATIVE ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Giordano President | 1 | $800 | |
Harold Macgilvray Treasurer | 0.5 | $700 | |
Angelo Raffaele Secretary | 0.25 | $700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,195 |
| Total Program Service Revenue | $0 |
| Membership dues | $8,216 |
| Investment income | $22,184 |
| Gain or Loss | -$29,756 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,839 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $18,324 |
| Salaries, other compensation, and employee benefits | $2,200 |
| Professional fees and other payments to independent contractors | $3,734 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $229 |
| Other expenses | $2,961 |
| Total expenses | $27,448 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,826 |
| Other assets | $0 |
| Total assets | $445,877 |
| Total liabilities | $7,333 |
| Net assets or fund balances | $438,544 |