Boston Plasterers & Cement Masons & Asphalt Layers Loc 534 Hlth & Welf in Boston, Massachusetts (MA)

Boston Plasterers & Cement Masons & Asphalt Layers Loc 534 Hlth & Welf
Employer Identification Number (EIN)	046049991
Name of Organization	Boston Plasterers & Cement Masons & Asphalt Layers Loc 534 Hlth & Welf
In Care of Name	Harry Brousaides
Address	7 Frederika St, Boston, MA 02124-5115
Activities	Association of employees, Health insurance (medical, dental, optical, etc.), Prepared group health plan
Subsection	Voluntary Employees' Beneficiary Association (Non-Govt. Emps.)
Ruling Date	04/1972
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Trust
Exempt Organization Status	Unconditional Exemption
Tax Period	03/2014
Assets	$1,000,000 to $4,999,999
Income	$1,000,000 to $4,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$2,157,842
Amount of Income	$3,131,633
Form 990 Revenue Amount	$3,001,422
National Taxonomy of Exempt Entities (NTEE)	Mutual/Membership Benefit Organizations, Other: Voluntary Employees Beneficiary Associations (Non-Government)

Non-representatives - add comments:

Amount of income in 2014: $3,131,633 (it was $3,221,867 in 2013)

Boston Plasterers & Cement Masons & Asphalt Layers Loc 534 Hlth & Welf:	$3,131,633
Other organizations performing similar types of work:	$1,245,981

Assets in 2014: $2,157,842 (it was $1,596,634 in 2013)

Boston Plasterers & Cement Masons & Asphalt Layers Loc 534 Hlth & Welf:	$2,157,842
Other organizations performing similar types of work:	$1,083,450

Expenses in 2014: $2,481,733

Boston Plasterers & Cement Masons & Asphalt Layers Loc 534 Hlth & Welf:	$2,481,733
Other organizations performing similar types of work:	$729,445

Income to expenses ratio in 2014: 1.3

Boston Plasterers & Cement Masons & Asphalt Layers Loc 534 Hlth & Welf:	1.3
Other organizations performing similar types of work:	1.1

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

	2013	2014
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	No	No
Is the organization required to complete Schedule B, Schedule of Contributors?	No	No
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	No	No
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	No	No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	Yes	Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	No	No
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2012	2013	2014
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		3	2
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		9	10
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?		No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2013	2014
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$1,949	$2,843
Total reportable compensation from related organizations	$15,319	$10,387
Total estimated amount of other compensation from the organization and related organizations	$2,691	$6,921
Total number of individuals who received more than $100,000 of reportable compensation from the organization	0	0
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2012	2013	2014
Statement of Revenue
Total revenue	$2,143,008	$2,413,840	$3,001,422
Contributions, Gifts, Grants and Other Similar Amounts	$0	$0	$0
Program Service Revenue	$2,045,127	$2,284,063	$2,926,296
0		$2,776,701	$3,332,278
0		$181,005	$237,728
0		$-673,643	$-643,710
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$32,672	$20,058	$22,666
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$0	$0	$0
Net rental income	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$7,349	$52,064	$-4,849
Gross amount from sales of assets other than inventory (Securities / Other)	$288,891 / $0	$860,091 / $0	$125,362 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$281,542 / $0	$808,027 / $0	$130,211 / $0
Gain or (loss) (Securities / Other)	$7,349 / $0	$52,064 / $0	$-4,849 / $0
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0
Miscellaneous Revenue	$57,860	$57,655	$57,309
0		$36,669	$37,796
0		$20,934	$19,472
0		$52	$41
All other revenue		$0	$0

	2012	2013	2014
Statement of Functional Expenses
Total functional expenses	$2,488,284	$2,269,362	$2,481,733
Grants and other assistance to domestic organizations and domestic governments		$0	$0
Grants and other assistance to domestic individuals		$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$2,012,272	$2,209,409
Compensation of current officers, directors, trustees, and key employees	$3,500	$1,949	$2,843
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$81,513	$77,349	$80,866
Pension plan accruals and contributions		$14,432	$15,356
Other employee benefits		$35,306	$36,950
Payroll taxes	$6,442	$6,919	$5,262
Fees for services (non-employees)
Management		$0	$0
Legal		$13,005	$13,400
Accounting		$12,496	$13,085
Lobbying		$0	$0
Professional fundraising services	$0	$0	$0
Investment management fees		$2,254	$2,331
Other		$0	$0
Advertising and promotion		$0	$0
Office expenses		$1,557	$1,790
Information technology		$0	$0
Royalties		$0	$0
Occupancy		$7,196	$7,403
Travel		$0	$0
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$4,607	$8,507
Interest		$0	$0
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$40	$120
Insurance		$6,079	$8,875
Other expenses		$37,751	$39,343
Other expenses		$18,000	$18,250
Other expenses		$11,449	$11,291
Other expenses		$2,282	$2,139
Other expenses		$4,419	$4,513

	2012	2013	2014
Balance Sheet
Total assets	$1,474,350	$1,596,634	$2,157,842
Cash - non-interest-bearing		$0	$0
Savings and temporary cash investments		$381,576	$614,696
Pledges and grants receivable, net		$0	$0
Accounts receivable, net		$299,186	$294,068
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$0
Inventories for sale or use		$0	$0
Prepaid expenses and deferred charges		$153,989	$8,711
Land, buildings, and equipment: cost or other basis		$561	$441
Investments - publicly traded securities		$758,771	$1,234,744
Investments - other securities		$0	$0
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$2,551	$5,182
Total liabilities	$424,325	$434,407	$442,066
Accounts payable and accrued expenses		$22,937	$26,812
Grants payable		$0	$0
Deferred revenue		$0	$0
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$411,470	$415,254
Total net assets or fund balances	$1,050,025	$1,162,227	$1,715,776
Unrestricted net assets		$0	$0
Temporarily restricted net assets		$0	$0
Permanently restricted net assets		$0	$0
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$1,050,025	$1,162,227	$1,715,776

Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
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2	Titan Tire Corporation Voluntary Retiree Benefit Trust, Emily Newport Ttee	60 Boulevard Of The Allies 5th Fl, Pittsburgh, PA 15222-1209	PA	2009-01	$16,824,317
3	Southern Operators Health Fund, Brassell H Lynn Ttee	PO BOX 1449, Goodlettsvlle, TN 37070-1449	TN	2006-09	$15,264,585
4	San Bernardino County Retirement Medical Tr, Hoover Crystal Ttee	157 W 5th St First Fl, San Bernardino, CA 92415-0225	CA	2002-04	$13,312,822
5	Trinity Health Welfare Benefit Tr, Paul Swanson Ttee	20555 Victor Parkway, Livonia, MI 48152-7031	MI	2007-11	$8,409,345
6	Vng-Nonunion Management Retiree Veba	PO BOX 535007, Pittsburgh, PA 15253-5007	PA	2002-01	$5,196,035
7	Thunderbird Mining Co Retiree Health & Welfare Benefits Pl & Tr	250 Marquette Ave Ste 540, Minneapolis, MN 55401-2387	MN	2008-06	$3,413,882
8	Robbinsdale Area School Health Reimbursement Arrangement Basic Pl	230 Front St N, La Crosse, WI 54601-3219	WI	2004-12	$873,286
9	The Turner Corporation Veba Trust	375 Hudson St, New York, NY 10014-3658	NY	2008-01	$8,540
10	Veba Master Trust Iv Agreement Between Northrop Grumman Corp	State St Bank 2 Ave De Lafayette St, Boston, MA 02111	MA	2003-07	$115,947,246
11	Raytheon Welfare Benefits Trust	870 Winter St, Waltham, MA 02451-1449	MA	1997-02	$25,215,449
12	Unitarian Universalist Associationemployee Benefits Trust	24 Farnsworth St Fl 1, Boston, MA 02210-1264	MA	2009-03	$9,142,265
13	Gannett Co Inc Supplemental Unemployment Benefit Pay Plan Tr, Robert Oliver Ttee	61 East Main St Alpha Place, Norton, MA 02766	MA	2010-03	$5,645,142
14	Sensata Technologies Welfare Benefit Tr	529 Pleasant St, Attleboro, MA 02703-2421	MA	2007-12	$4,820,479
15	Teamsters Local Union No 82 Health And Welfare Trust Fund	16 Sever St, Charlestown, MA 02129-1305	MA	2009-07	$4,589,094
16	Uaw Umass Health & Welfare Tr Fund, Uaw Local 2322 Dental & Vision Fund	6 University Drive Suite 206-229, Amherst, MA 01002-2360	MA	2002-12	$1,689,617
17	National Correctional Employees Union Tr Fund, Christopher A Murphy Ttee	101 State Street, Springfield, MA 01103-2006	MA	2010-05	$683,256
18	Sem Voluntary Employees Beneficiary Association	PO BOX 1045, Westboro, MA 01581-6045	MA	2004-11	$599,834
19	Miaa Mssaa Voluntary Employee Beneficiary Association	33 Forge Pkwy, Franklin, MA 02038-3135	MA	2010-04	$512,357
20	Tufts Medical Center-Employee After-Tax Contribution Trust	800 Washington St, Boston, MA 02111-1552	MA	2009-09	$483,649

Number of organizations performing similar types of work

Alaska	7
Alabama	14
Arkansas	7
Arizona	17
California	174
Colorado	25
Connecticut	40
District of Columbia	24
Delaware	11
Florida	55
Georgia	33
Hawaii	17
Iowa	34
Idaho	5
Illinois	101
Indiana	134
Kansas	29
Kentucky	10
Louisiana	15
Massachusetts	50
Maryland	35
Maine	7
Michigan	82
Minnesota	68
Missouri	39
Mississippi	5

Montana	21
North Carolina	85
North Dakota	4
Nebraska	13
New Hampshire	11
New Jersey	54
New Mexico	7
Nevada	13
New York	198
Ohio	115
Oklahoma	20
Oregon	20
Pennsylvania	188
Rhode Island	11
South Carolina	12
South Dakota	5
Tennessee	30
Texas	107
Utah	16
Virginia	67
Vermont	1
Washington	37
Wisconsin	74
West Virginia	15
Wyoming	5
International	7

Total

2,174

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