Planned Lifetime Assistance Network Of Massachusetts Inc
- Assets
- $40.9m
- Revenue
- $4.1m
- Investments
- $17.4m
- Employees
- 16
- Location
- Needham, MA
- Founding
- 01/1972
- Data as of
- 06/2021
- EIN
- 23-7159632
Organization Overview
Planned Lifetime Assistance Network Of Massachusetts Inc is located in Needham, MA. The organization was established in 1972. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2021, Planned Lifetime Assistance Network Of Massachusetts Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Planned Lifetime Assistance Network Of Massachusetts Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Planned Lifetime Assistance Network Of Massachusetts Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.0m during the year ending 06/2021. While expenses have increased by 12.8% per year over the past 6 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 2020, Planned Lifetime Assistance Network Of Massachusetts Inc has awarded 12 individual grants totaling $580,000. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES PLANNING AND TRUST MANAGEMENT SERVICES FOR INDIVIDUALS WITH DISABILITIES TO ENHANCE THEIR QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PLANNING AND TRUST MANAGEMENT SERVICES TO INDIVIDUALS WITH SPECIAL NEEDS THROUGHOUT MASSACHUSETTS AND RHODE ISLAND.
PROVIDE PLANNING AND TRUST MANAGEMENT SERVICES TO INDIVIDUALS WITH SPECIAL NEEDS THROUGHOUT MASSACHUSETTS AND RHODE ISLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Mcgrath Executive Director | Officer | 35 | $173,558 |
Kathy Vitello Director Of Operations | 35 | $114,083 | |
Clare Keating Controller | 35 | $112,747 | |
Lucille Cassis Director Of Marketing | 35 | $103,344 | |
Harold Fortna Treasurer | OfficerTrustee | 2 | $0 |
Seth Haber President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wade And Horowitz Llc Attorney | 6/29/19 | $114,715 |
Rk Needham Landlord | 6/29/19 | $108,792 |
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 | $3,612,403 |
| Investment income | $468,221 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,083,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $250,000 |
| Grants and other assistance to domestic individuals. | $82,878 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $287,641 |
| Compensation of current officers, directors, key employees. | $92,045 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,018,314 |
| Pension plan accruals and contributions | $20,401 |
| Other employee benefits | $85,863 |
| Payroll taxes | $104,561 |
| Fees for services: Management | $509,611 |
| Fees for services: Legal | $95,690 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,155 |
| Advertising and promotion | $44,441 |
| Office expenses | $54,774 |
| Information technology | $54,213 |
| Royalties | $0 |
| Occupancy | $123,376 |
| Travel | $1,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,572 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,848 |
| Insurance | $17,392 |
| All other expenses | $0 |
| Total functional expenses | $2,953,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,518,245 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,955,928 |
| 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 | $17,549 |
| Net Land, buildings, and equipment | $25,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,376,999 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,433 |
| Total assets | $40,914,398 |
| Accounts payable and accrued expenses | $32,641 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $18,836,636 |
| 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 | $8,836 |
| Total liabilities | $18,878,113 |
| Net assets without donor restrictions | $22,036,285 |
| 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 | $40,914,398 |
Grants Awarded
Over the last fiscal year, Planned Lifetime Assistance Network Of Massachusetts Inc has awarded $500,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Miami, FL PURPOSE: COMMUNITY FUND - GRANTS ARE PROVIDED TO DISABILITY-RELATED NONPROFIT ORGANIZATIONS THAT DIRECTLY SERVES PEOPLE OF ALL AGES WITH DISABILITIES LIVING IN MA AND/OR RI. | $100,000 |
Marlborough, MA PURPOSE: COMMUNITY FUND - GRANTS ARE PROVIDED TO DISABILITY-RELATED NONPROFIT ORGANIZATIONS THAT DIRECTLY SERVES PEOPLE OF ALL AGES WITH DISABILITIES LIVING IN MA AND/OR RI. | $100,000 |
Marlborough, MA PURPOSE: COMMUNITY FUND - GRANTS ARE PROVIDED TO DISABILITY-RELATED NONPROFIT ORGANIZATIONS THAT DIRECTLY SERVES PEOPLE OF ALL AGES WITH DISABILITIES LIVING IN MA AND/OR RI. | $100,000 |
Miami, FL PURPOSE: COMMUNITY FUND - GRANTS ARE PROVIDED TO DISABILITY-RELATED NONPROFIT ORGANIZATIONS THAT DIRECTLY SERVES PEOPLE OF ALL AGES WITH DISABILITIES LIVING IN MA AND/OR RI. | $100,000 |
Watertown, MA PURPOSE: COMMUNITY FUND - GRANTS ARE PROVIDED TO DISABILITY-RELATED NONPROFIT ORGANIZATIONS THAT DIRECTLY SERVES PEOPLE OF ALL AGES WITH DISABILITIES LIVING IN MA AND/OR RI. | $25,000 |
Newton, MA PURPOSE: COMMUNITY FUND - GRANTS ARE PROVIDED TO DISABILITY-RELATED NONPROFIT ORGANIZATIONS THAT DIRECTLY SERVES PEOPLE OF ALL AGES WITH DISABILITIES LIVING IN MA AND/OR RI. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North East Educational And Developmental Supports Center Inc Tewksbury, MA | $8,053,747 | $19,496,777 |
Handicapped Childrens Association Of Southern New York Inc Johnson City, NY | $15,724,051 | $20,449,293 |
Southern Tier Independence Center Inc Binghamton, NY | $11,429,557 | $17,107,173 |
Rockland Independent Living Center Inc West Nyack, NY | $7,082,649 | $18,562,000 |
New York Association On Independent Living Albany, NY | $7,790,174 | $16,532,510 |
Coalition For The Homeless Inc New York, NY | $43,159,669 | $27,848,334 |
Lesbian And Gay Community Services Center Inc New York, NY | $32,292,978 | $15,100,688 |
Shared Living Collaborativeincorporated Merrimac, MA | $12,590,369 | $17,348,442 |
Corning Council For Assistance And Information For The Disabled Inc Corning, NY | $6,494,224 | $14,746,246 |
Community Servings Inc Jamaica Plain, MA | $24,387,705 | $15,169,268 |
Expanded Schools Inc New York, NY | $12,127,382 | $12,038,133 |
Plus Co Inc Nashua, NH | $7,971,022 | $14,335,539 |