Boston Letter Carriers Mutual Benefit Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042205326 ✦ Braintree, MA ✦ Designated as a 501(c)(9)

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Overview

What is Boston Letter Carriers Mutual Benefit Association?

The Boston Letter Carriers Mutual Benefit Association is a nonprofit organization that focuses on offering benefits to its members. Their mission is centered around providing financial aid during challenging times, particularly in the event of a member's demise. They have a variety of death benefit programs, with 17 options in total. Among these, one offers a payout of $4,500, while the remaining 16 provide $7,500 each. The association's goal is to support and assist its members during difficult periods, ensuring they receive the necessary aid when needed.

Is Boston Letter Carriers Mutual Benefit Association legitimate?

Boston Letter Carriers Mutual Benefit Association is a legitimate nonprofit organization registered as a 501(c)(9) entity. Boston Letter Carriers Mutual Benefit Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $34,380
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Boston Letter Carriers Mutual Benefit Association?

The Boston Letter Carriers Mutual Benefit Association is dedicated to providing benefits to its members. This is accomplished through various programs, including death benefits. The association offers a substantial benefit of $4,500, along with 16 benefits of $7,500 each. In essence, the organization aims to support its members financially during challenging times.

Who is the CEO of Boston Letter Carriers Mutual Benefit Association?

Peter W Mcsorley is the President of Boston Letter Carriers Mutual Benefit Association.

What is the revenue of Boston Letter Carriers Mutual Benefit Association?

Boston Letter Carriers Mutual Benefit Association's revenue in 2022 was $255,962.

Who are the executives of Boston Letter Carriers Mutual Benefit Association and what are their salaries?


Here are 4 key members and their salaries:


Thomas Sheehan (President)
  • Compensation: $9,900
  • Related: $0
  • Other: $0
David Mcleod (Trustee/Recording Sec.)
  • Compensation: $8,160
  • Related: $0
  • Other: $0
Peter W Mcsorley (Treasurer)
  • Compensation: $8,160
  • Related: $0
  • Other: $0
Brian Senior (Fin. Sec.)
  • Compensation: $8,160
  • Related: $0
  • Other: $0
Where can I find the form 990 for Boston Letter Carriers Mutual Benefit Association?

Boston Letter Carriers Mutual Benefit Association's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Boston Letter Carriers Mutual Benefit Association

Boston Letter Carriers Mutual Benefit Association is dedicated to extending benefits to its membership. At the core of its mission, this organization offers various programs, with a significant focus on death benefits. In total, there are 17 death benefit programs available, with one offering a sum of $4,500 and the remaining 16 providing $7,500 each. This association's purpose is to support and provide financial assistance to its members in times of need, particularly in the event of a member's demise.

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Impact




October, 2024

The Boston Letter Carriers Mutual Benefit Association significantly impacts its members by offering essential financial support through various benefit programs. One key offering is death benefits, which include a $4,500 benefit and 16 additional benefits of $7,500 each. This financial assistance provides peace of mind to members and their families during challenging times, ensuring they have resources to navigate unexpected expenses. By fostering a sense of community and support among letter carriers, the association strengthens connections and enhances the overall welfare of its membership, demonstrating a commitment to their well-being and security.




This information is meant to be a general summary of Boston Letter Carriers Mutual Benefit Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$255,962 (2022)
Expenses
$334,696 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $246,969
  • Gross Receipts: $281,470

Assets and Liabilities:

  • Total Assets: $6,627,135
  • Total Liabilities: $0
  • Net Assets: $6,627,135

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Organization Details

Founding Year

1889

Principal Officer

Peter W Mcsorley

Main Address

14 STORRS AVENUE, BRAINTREE, MA, 02184

NTEE Category

Code: Y40 - Mutual benefit

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