Boston Plasterers & Cement Masons Local 534 Def Inc Fd in Boston, Massachusetts (MA)

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Boston Plasterers & Cement Masons Local 534 Def Inc Fd
Employer Identification Number (EIN)046544055
Name of OrganizationBoston Plasterers & Cement Masons Local 534 Def Inc Fd
AddressBoston, MA 02124
Tax Period2007
Asset Amount$27,640,098
Amount of Income$4,841,932
Form 990 Revenue Amount$4,841,932
National Taxonomy of Exempt Entities (NTEE)Employment, Job-Related: Labor Unions, Organizations


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Amount of income in 2007: $4,841,932
This organization: 

 $4,841,932
Other organizations performing similar types of work: 

 $1,237,704

Assets in 2007: $27,640,098
This organization: 

 $27,640,098
Other organizations performing similar types of work: 

 $1,550,651

Expenses in 2007: $2,080,798
Boston Plasterers & Cement Masons Local 534 Def Inc Fd: 

 $2,080,798
Other organizations performing similar types of work: 

 $1,106,780

Income to expenses ratio in 2007: 2.3
This organization: 

 2.3
Other organizations performing similar types of work: 

 1.1

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2004200520062007
Total revenue$2,835,978$2,487,874$2,755,254$4,841,932
Contributions, gifts, grants, and similar amounts received$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$0$0$0$0
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$1,854,729$1,616,550$1,579,456$1,640,838
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$340,264$401,668$49,476$425,799
Dividends and interest from securities$300,080$270,352$728,874$423,446
Net rental income or (loss)$44,344$59,936$42,879$61,694
Gross rents$93,582$114,662$116,476$118,842
Less: rental expenses$49,238$54,726$73,597$57,148
Other investment income$1,125$825$975$675
Gain or (loss) from sales of assets other than inventory$242,053$83,147$308,042$2,227,759
Gross amount from sales of assets other than inventory$2,002,986$1,402,449$5,985,547$9,630,206
Less: cost or other basis and sales expenses$1,760,933$1,319,302$5,677,505$7,402,447
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$53,383$55,396$45,552$61,721
Total expenses$2,077,186$1,812,117$1,485,686$2,080,798
Program services$0$0$0$0
Management and general$0$0$0$0
Fundraising$0$0$0$0
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$22,769,354$25,460,964$28,125,518$27,640,098
Excess or (deficit) for the year$758,792$675,757$1,269,568$2,761,134
Net assets or fund balances at beginning of year$21,877,285$22,769,354$25,460,964$28,125,518
Other changes in net assets or fund balances$133,277$2,015,853$1,394,986$-3,246,554
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,080,798$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$1,732,863
Compensation of current officers, directors, key employees, etc.$22,151$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$59,246$0$0$0
Pension plan contributions not included above$8,976$0$0$0
Employee benefits not included above$33,456$0$0$0
Payroll taxes$6,657$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$9,344$0$0$0
Legal fees$5,782$0$0$0
Supplies$0$0$0$0
Telephone$1,134$0$0$0
Postage and shipping$426$0$0$0
Occupancy$6,436$0$0$0
Equipment rental and maintenance$3,378$0$0$0
Printing and publications$0$0$0$0
Travel$494$0$0$0
Conferences, conventions, and meetings$3,263$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$170$0$0$0
Other expenses not covered above$187,022$0$0$0
Balance Sheets
2004200520062007
Total assets$23,042,209$25,665,873$28,374,924$27,817,731
Cash - non-interest-bearing$0$506$508$512
Savings and temporary cash investments$1,696,999$639,932$3,907,163$583,028
Accounts receivable less allowance for doubtful accounts$265,590$166,204$238,837$229,255
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$150,749$129,659$171,395$171,166
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$14,267$12,658$12,497$13,148
Investments - publicly-traded securities$22,451,015$25,158,388
Investments - other securities$19,700,369$23,350,083$0$0
Investments - land, buildings, and equipment less accumulated depreciation$1,081,679$1,211,090$1,455,881$1,511,806
Investments - other$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$79,420$79,420$79,420$79,420
Other assets, including program-related investments$53,136$76,321$58,208$71,008
Total liabilities$272,855$204,909$249,406$177,633
Accounts payable and accrued expenses$272,355$203,399$247,856$171,544
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$500$1,510$1,550$6,089
Total liabilities and net assets/fund balances$23,042,209$25,665,873$28,374,924$27,817,731
Total net assets or fund balances$22,769,354$25,460,964$28,125,518$27,640,098
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2004200520062007
Total revenue$2,835,978$2,487,874$2,755,254$4,841,932
Total revenue, gains, and other support per audited financial statements$2,888,769$4,402,548$4,059,781$1,457,088
Other expenses$133,277$2,015,853$1,394,985$-3,246,554
Net unrealized gains on investments$133,277$2,015,853$1,394,985$-3,246,554
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$0$0
Other revenue$80,486$101,179$90,458$138,290
Investment expenses$80,486$101,179$90,458$138,290
Other$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2004200520062007
Total expenses$2,077,186$1,812,117$1,485,686$2,080,798
Total expenses and losses per audited financial statements$1,996,700$1,710,938$1,395,227$1,942,508
Other revenue$0$0$-1$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$0$0
Losses$0$0$0$0
Other$0$0$-1$0
Other expenses$80,486$101,179$90,458$138,290
Investment expenses$80,486$101,179$90,458$138,290
Other$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
99$22,151$11,976$534
99$998$698$0
99$0$0$58
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings6
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?No
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$4,841,932
Program service revenue
Program service revenue 1000000$000$0$1,640,838
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$425,799
Dividends and interest from securities000000$000$0$423,446
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$61,694
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$675
Gain or (loss) from sales of assets other than inventory000000$000$0$2,227,759
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$61,720
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
2003200420052006
Total$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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3Massachusetts Teachers Association20 Ashburton Pl, Boston, MA 02108-2705MA1972-10$48,264,498
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6United Food And Commercial Workers International Union, 5 Local28870 Mission Blvd, Hayward, CA 94544-5510CA1941-01$20,398,357
7International Brotherhood Of Electrical Workers, 0103 Local256 Freeport Street, Dorchester, MA 02122-2845MA1940-08$15,382,333
8Laborers International Union Of North America, Massachusetts And Northern England7 Laborers Way, Hopkinton, MA 01748-2684MA1940-09$14,920,533
9Southwest Airlines Pilots Association1450 Empire Central Dr Ste 737, Dallas, TX 75247-4081TX1980-11$12,883,279
10Service Employees International Union, 509 Seiu Union100 Talcott Ave Bldg313 2nd Fl, Watertown, MA 02472-5714MA1943-11$9,934,125
11American Federation Of State County & Municipal Employees, C0093ma Afscme Council 938 Beacon St Fl 6, Boston, MA 02108-3722MA1957-08$8,870,091
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15Service Employees International Union, 880 Seiu209 W Jackson, Chicago, IL 60606-6907IL1943-11$7,326,816
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17United Steelworkers Of AmericaP O Box 11425, Chickasaw, AL 36671-0425AL1940-12$40,819
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Number of organizations performing similar types of work
Alaska6
Alabama18
Arkansas7
Arizona10
California185
Colorado20
Connecticut14
District of Columbia37
Delaware4
Florida35
Georgia20
Hawaii19
Iowa17
Idaho1
Illinois92
Indiana48
Kansas9
Kentucky19
Louisiana11
Massachusetts54
Maryland41
Maine5
Michigan75
Minnesota41
Missouri40
Mississippi7
Montana3
North Carolina8
North Dakota4
Nebraska8
New Hampshire1
New Jersey59
New Mexico4
Nevada11
New York158
Ohio70
Oklahoma13
Oregon16
Pennsylvania75
Rhode Island13
South Carolina2
South Dakota3
Tennessee19
Texas43
Utah3
Virginia18
Vermont3
Washington46
Wisconsin40
West Virginia11
Wyoming1
International2
Total1,469

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