Massachusetts Laundryowners Association
- Assets
- $206.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Malden, MA
- Founding
- 03/1939
- Data as of
- 07/2023
- EIN
- 04-6058350
Organization Overview
Massachusetts Laundryowners Association is located in Malden, MA. The organization was established in 1939. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Laundryowners Association 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 07/2023, Massachusetts Laundryowners Association generated $132.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $113.4k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Gianci President | 1 | $0 | |
George Spilios Vice President | 1 | $0 | |
Kenneth Dedominici Treasurer | 1 | $0 | |
Leo P Villari Jr Secretary | 1 | $0 | |
Jerry Kowalczyk Director | 0.25 | $0 | |
James O'hara Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $77,510 |
| Membership dues | $55,000 |
| Investment income | $75 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $132,585 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $88,680 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,400 |
| Occupancy, rent, utilities, and maintenance | $480 |
| Printing, publications, postage, and shipping | $823 |
| Other expenses | $0 |
| Total expenses | $113,383 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $206,333 |
| Other assets | $0 |
| Total assets | $206,333 |
| Total liabilities | $900 |
| Net assets or fund balances | $205,433 |