Massachusetts Teachers Association
- Assets
- $843.3k
- Revenue
- $529.0k
- Investments
- $0.0
- Employees
- 14
- Location
- Brockton, MA
- Founding
- 10/1972
- Data as of
- 06/2022
- EIN
- 23-7274439
Organization Overview
Massachusetts Teachers Association is located in Brockton, MA. The organization was established in 1972. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, Massachusetts Teachers Association employed 14 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Massachusetts Teachers Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, Massachusetts Teachers Association generated $529.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $349.6k during the year ending 06/2022. While expenses have increased by 0.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK FOR THE WELFARE OF SCHOOL CHILDREN, THE ADVANCEMENT OF EDUCATION, AND THE IMPROVEMENT OF INSTRUCTIONAL OPPORTUNITIES FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE ADVANCEMENT OF EDUCATION. TO PROMOTE THE ADVANCEMENT OF THE PROFESSIONAL STATUS, ACHIEVEMENTS AS WELL AS THE SOCIO-ECONOMIC WELL-BEING OF THE MEMBERS.
TO ENGAGE IN THE RELATED ACTIVITIES OF PROMOTING THE ADVANCEMENT OF EDUCATION BY PROVIDING SCHOLARSHIPS TO ELIGIBLE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Gibson President | OfficerTrustee | 60 | $35,000 |
Jennifer Morgan Treasurer | OfficerTrustee | 10 | $9,800 |
John Caasari Pr & R | OfficerTrustee | 10 | $6,200 |
John Wilkinson Pr & R | OfficerTrustee | 10 | $5,020 |
Yolanda Difalco Vice Preside | OfficerTrustee | 10 | $4,600 |
Suzanne Smith Secretary | OfficerTrustee | 10 | $4,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $492,170 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,775 |
| 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 | $528,945 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $528,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,870 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,488 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,817 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,361 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,984 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,773 |
| Insurance | $3,235 |
| All other expenses | $0 |
| Total functional expenses | $349,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $725,639 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $112,293 |
| Accounts receivable, net | $0 |
| 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 | $5,394 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $843,326 |
| Accounts payable and accrued expenses | $307,606 |
| 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 | $307,606 |
| Net assets without donor restrictions | $535,720 |
| 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 | $843,326 |