Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund

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

EIN: 046544055 ✦ Dorchester, MA ✦ Designated as a 501(c)(5)

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Overview

What is Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund?

Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund is a beneficial plan designed for its members, serving as an employee benefit. Located at 7 Frederika Street, Dorchester, Massachusetts, this organization's primary objective is to provide various benefits to its members. The specifics of these benefits are not explicitly mentioned in the provided information, but it can be inferred that it's a fund aimed at enhancing the well-being and financial security of its affiliated workers.

Is Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund legitimate?

Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund is a legitimate nonprofit organization registered as a 501(c)(5) entity. Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund 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: $1,877
Professional Fundraising Fees: $0
Other Salaries and Wages: $83,306

For more financial information, click here

What is the mission statement of Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund?

The Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund operates with the mission to provide beneficial plans for its members. This employee-centric organization is dedicated to offering advantages to its members, serving as an employee benefit plan. The primary goal is to cater to the needs of its members through this plan.

Who is the CEO of Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund?

Vincent Disalvo is the Trustee of Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund.

What is the revenue of Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund?

Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund's revenue in 2023 was $4,349,367.

Who are the executives of Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund and what are their salaries?


Here are 6 key members and their salaries:


Vincent Disalvo (Trustee)
  • Compensation: $0
  • Related: $121,254
  • Other: $109,207
Stephen Affanato (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Mulcahy (Trustee)
  • Compensation: $955
  • Related: $5,588
  • Other: $6,018
James Marguerite (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Redmond (Trustee)
  • Compensation: $0
  • Related: $96,764
  • Other: $84,962
Michael Frias (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund?

Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund

Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund is established with a mission to provide employee benefits to its members. This mission is centered around creating an employee benefit plan that caters to the needs of its members. The primary objective of this fund is to offer benefits, ensuring financial security and well-being for its members. This mission is a testament to the organization's commitment to supporting its members beyond their professional roles as plasterers and cement masons.

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Impact




October, 2024

Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund plays a crucial role in providing financial security and support to its members. By offering an employee benefit plan, it ensures that members have access to essential benefits that enhance their overall well-being. This fund helps members prepare for retirement, manage unexpected financial challenges, and guarantees a safety net for their families.

The impact of the fund extends beyond individual members, contributing to the economic stability of families within the community in Dorchester, MA. It fosters a sense of solidarity and security among workers, thus promoting a healthier workforce. Additionally, by facilitating benefits that address employment-related needs, the fund supports members in maintaining their livelihoods and reducing financial stress, ultimately leading to a more productive and satisfied workforce in the plastering and cement masonry trades.




This information is meant to be a general summary of Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund. 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
$4,349,367 (2023)
Expenses
$2,389,632 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $764,788
  • Program Service Revenue: $2,737,973
  • Gross Receipts: $8,378,735

Assets and Liabilities:

  • Total Assets: $42,801,000
  • Total Liabilities: $116,787
  • Net Assets: $42,684,213

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONTRIBUTIONS

Revenue

$2,737,973

Organization Details

Founding Year

1986

Principal Officer

Vincent Disalvo

Main Address

7 FREDERIKA ST, DORCHESTER, MA, 021245115

NTEE Category

Code: J40 - Employment

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