Civic Intelligence

Retired Educators Association of Massachusetts Inc

990 • Fiscal year 2015 • EIN 04-2429428

Oct 01, 2014 to Sep 30, 2015 • Filed on May 07, 2016

165 Lakeside AveMarlborough, MA 01752

(508) 653-7010

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

17th percentile

-14%

Higher net margin than 17% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

82nd percentile

$41,794

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 22.3% of source-year revenue.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

16th percentile

-20%

Faster asset growth than 16% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

66th percentile

8.9%

Faster revenue growth than 66% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$139,408

Down $34,896 (-20%) from 2014

Net Assets

Down

$139,408

Down $34,896 (-20%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$187,437

Up $15,333 (+8.9%) from 2014

Expenses

Up

$213,700

Up $35,750 (+20%) from 2014

Net Income

Down

-$26,263

Down $20,417 (-349%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $159,902Liabilities 2010: $0Net Assets 2010: $159,9022010Assets 2011: $133,561Liabilities 2011: $0Net Assets 2011: $133,5612011Assets 2012: $208,055Liabilities 2012: $0Net Assets 2012: $208,0552012Assets 2013: $192,528Liabilities 2013: $0Net Assets 2013: $192,5282013Assets 2014: $174,304Liabilities 2014: $0Net Assets 2014: $174,3042014Assets 2015: $139,408Liabilities 2015: $0Net Assets 2015: $139,4082015Assets 2016: $154,176Liabilities 2016: $0Net Assets 2016: $154,1762016Assets 2017: $149,841Liabilities 2017: $0Net Assets 2017: $149,8412017Assets 2018: $259,341Liabilities 2018: $0Net Assets 2018: $259,3412018Assets 2019: $346,119Liabilities 2019: $0Net Assets 2019: $346,1192019Assets 2020: $298,247Liabilities 2020: $0Net Assets 2020: $298,2472020Assets 2021: $266,848Liabilities 2021: $0Net Assets 2021: $266,8482021Assets 2022: $225,321Liabilities 2022: $0Net Assets 2022: $225,3212022Assets 2023: $205,748Liabilities 2023: $0Net Assets 2023: $205,7482023Assets 2024: $174,845Liabilities 2024: $0Net Assets 2024: $174,8452024

Highlighted filing

2015

Assets$139,408
Liabilities$0
Net Assets$139,408

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100K-$200KExpenses 2010: $181,7522010Revenue 2011: $123,757Expenses 2011: $141,771Net Income 2011: -$18,0142011Revenue 2012: $78,630Expenses 2012: $194,753Net Income 2012: -$116,1232012Revenue 2013: $186,421Expenses 2013: $189,430Net Income 2013: -$3,0092013Revenue 2014: $172,104Expenses 2014: $177,950Net Income 2014: -$5,8462014Revenue 2015: $187,437Expenses 2015: $213,700Net Income 2015: -$26,2632015Revenue 2016: $183,364Expenses 2016: $181,721Net Income 2016: $1,6432016Revenue 2017: $237,760Expenses 2017: $182,588Net Income 2017: $55,1722017Revenue 2018: $269,428Expenses 2018: $184,814Net Income 2018: $84,6142018Revenue 2019: $125,239Expenses 2019: $166,332Net Income 2019: -$41,0932019Revenue 2020: $103,411Expenses 2020: $151,283Net Income 2020: -$47,8722020Revenue 2021: $97,950Expenses 2021: $129,349Net Income 2021: -$31,3992021Revenue 2022: $75,507Expenses 2022: $116,964Net Income 2022: -$41,4572022Revenue 2023: $105,408Expenses 2023: $125,097Net Income 2023: -$19,6892023Revenue 2024: $97,290Expenses 2024: $128,565Net Income 2024: -$31,2752024

Highlighted filing

2015

Revenue$187,437
Expenses$213,700
Net Income-$26,263
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
May 7, 2016
Return Version
2014v6.0
Gross Receipts
$187,437
Mission and Program Overview

Mission

Serving the interests of retired educators of massachusetts

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$118,829$80,497▼ $38,332
Cash and Non-Interest-Bearing Accounts$55,475$58,911▲ $3,436
Total Assets$174,304$139,408▼ $34,896
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$174,304$139,408▼ $34,896
Total Net Assets Fund Balance$174,304$139,408▼ $34,896
Total Liabilities and Net Assets / Fund Balance$174,304$139,408▼ $34,896
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hillari I WennerstromExecutive DirectorPT$41,794$41,794
John HarmonTreasurerPT$3,500$3,500
Marilyn FrankPresident-$2,500$2,500
Sandra MartinezRecording Secretary-$2,000$2,000
Frances Sacco1st Vice President-$750$750
Thomas Seawell2nd Vice President-$750$750
Revenue and Support

Revenue Composition

Contributions and Grants
$142,937
Program Service Revenue
$32,380
Investment Income
$30
Other Revenue
$12,090
Change in Net Assets
$-26,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,788
Salaries, Compensation, and Employee Benefits$74,912
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$59,918-$59,918
Office Expenses-$47,777-$47,777
Conferences and Meetings$27,976--$27,976
Fees for Services Lobbying-$20,013-$20,013
Advertising$16,074--$16,074
Current Officers, Directors, Trustees, and Key Employees-$9,500-$9,500
Payroll Taxes-$5,494-$5,494
Other Expenses-$4,258-$4,258
Fees for Services Accounting-$3,500-$3,500
Payments to Affiliates-$1,094-$1,094
Total Functional Expenses$44,050$169,650$0$213,700
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990 is reviewed by Treasurer John Harmon

Governing documents etc available to public Part VI line 19

The documents are available to the public

Filing and Contact Details

Filer

Filer Name
Retired Educators of Massachusetts
EIN
04-2429428
Address
165 LAKESIDE AVE, Marlborough, MA 01752

Signing Officer

Name
John Harmon
Title
Treasurer
Signed
2016-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marilyn Frank
Formed
1951
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
8
Volunteers
120

Preparer

Firm
Over the Bridge SY
Address
PO Box 140, South Yarmouth, MA 02664
Preparer
Richard T Bartley
Phone
5083989062
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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt044050
IRS990/TotalProgramServiceRevenueAmt032380
IRS990/TotalReportableCompFromOrgAmt051294
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt044500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0187437
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0120
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0174304
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0139408
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0174304
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0139408
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.ream 1951.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN HARMON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RETIRED EDUCATORS OF MASSACHUSETTS
ReturnHeader/Filer/BusinessNameControlTxt0RETI
ReturnHeader/Filer/EIN0042429428
ReturnHeader/Filer/USAddress/AddressLine1Txt0165 LAKESIDE AVE
ReturnHeader/Filer/USAddress/CityNm0Marlborough
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001752
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0141846096
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Over the Bridge SY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 140
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0South Yarmouth
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002664
ReturnHeader/PreparerPersonGrp/PhoneNum05083989062
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Richard T Bartley
ReturnHeader/ReturnTs02016-05-09T12:54:26-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.75$0.00$1.75$0.97$1.29$0.31
2023Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$1.05$1.25$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.00$2.25$0.76$1.17$0.41
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.00$2.67$0.98$1.29$0.31
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.98$0.00$2.98$1.03$1.51$0.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.46$0.00$3.46$1.25$1.66$0.41
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.59$0.00$2.59$2.69$1.85$0.85
2017Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$2.38$1.83$0.55
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$0.00$1.54$1.83$1.82$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$1.87$2.14$0.26
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.74$0.00$1.74$1.72$1.78$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$0.00$1.93$1.86$1.89$0.03
2012Summary only. Only limited summary data is available for this year.$2.08$0.00$2.08$0.79$1.95$1.16
2011Summary only. Only limited summary data is available for this year.$1.34$0.00$1.34$1.24$1.42$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.00$1.60$1.82
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)6 • <$500k nonprofits