Civic Intelligence

Benefit Insurance Commission Grand Lodge of Massachusetts

990 • Fiscal year 2019 • EIN 04-2900144

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 02, 2020

Organization Profilewww.osiama.org
93 Concord AvenueBelmont, MA 02478

(617) 489-0196

Siviq Scores

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

Liabilities / Assets

35th percentile

0.00x

Higher debt load relative to assets than 35% of similar nonprofits.

2019 filings • 501(c)8 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

50th percentile

0.08x

Higher debt load relative to revenue than 50% of similar nonprofits.

2019 filings • 501(c)8 • $1M-$5M nonprofits • Source year 2019

Net Margin

4th percentile

-100%

Higher net margin than 4% of similar nonprofits.

2019 filings • 501(c)8 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$0

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)8 • $1M-$5M nonprofits • Source year 2019

Asset Growth

61st percentile

2.8%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)8 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

93rd percentile

62%

Faster revenue growth than 93% of similar nonprofits.

2019 filings • 501(c)8 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets35th percentile

Assets

Up

$1,315,564

Up $35,343 (+2.8%) from 2018

Net Assets

Up

$1,310,686

Up $35,307 (+2.8%) from 2018

Liabilities

Up

$4,878

Up $36 (+0.7%) from 2018

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin4th percentile

Revenue

Up

$59,475

Up $22,795 (+62%) from 2018

Expenses

Up

$118,999

Up $21,863 (+23%) from 2018

Net Income

Up

-$59,524

Up $932 (+1.5%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth61st percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,190,505Liabilities 2010: $0Net Assets 2010: $2,190,5052010Assets 2011: $2,019,769Liabilities 2011: $0Net Assets 2011: $2,019,7692011Assets 2012: $1,924,527Liabilities 2012: $0Net Assets 2012: $1,924,5272012Assets 2013: $1,814,470Liabilities 2013: $0Net Assets 2013: $1,814,4702013Assets 2014: $1,692,499Liabilities 2014: $0Net Assets 2014: $1,692,4992014Assets 2015: $1,533,568Liabilities 2015: $0Net Assets 2015: $1,533,5682015Assets 2016: $1,445,129Liabilities 2016: $0Net Assets 2016: $1,445,1292016Assets 2017: $1,380,059Liabilities 2017: $5,398Net Assets 2017: $1,374,6612017Assets 2018: $1,280,221Liabilities 2018: $4,842Net Assets 2018: $1,275,3792018Assets 2019: $1,315,564Liabilities 2019: $4,878Net Assets 2019: $1,310,6862019Assets 2020: $1,315,721Liabilities 2020: $3,335Net Assets 2020: $1,312,3862020Assets 2021: $1,352,194Liabilities 2021: $2,755Net Assets 2021: $1,349,4392021Assets 2022: $1,212,742Liabilities 2022: $2,695Net Assets 2022: $1,210,0472022Assets 2023: $1,274,513Liabilities 2023: $5,670Net Assets 2023: $1,268,8432023Assets 2024: $1,360,228Liabilities 2024: $5,601Net Assets 2024: $1,354,6272024

Highlighted filing

2019

Assets$1,315,564
Liabilities$4,878
Net Assets$1,310,686
Open 2019 Filing

Operations Trend

Revenue Growth93rd percentile

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

$300K$200K$100K$0-$100K-$200KExpenses 2010: $175,1382010Expenses 2011: $244,5752011Expenses 2012: $211,6592012Revenue 2013: $66,427Expenses 2013: $185,088Net Income 2013: -$118,6612013Revenue 2014: $55,554Expenses 2014: $164,145Net Income 2014: -$108,5912014Revenue 2015: $58,865Expenses 2015: $166,058Net Income 2015: -$107,1932015Revenue 2016: $19,809Expenses 2016: $147,810Net Income 2016: -$128,0012016Revenue 2017: $48,560Expenses 2017: $141,227Net Income 2017: -$92,6672017Revenue 2018: $36,680Expenses 2018: $97,136Net Income 2018: -$60,4562018Revenue 2019: $59,475Expenses 2019: $118,999Net Income 2019: -$59,5242019Revenue 2020: $28,852Expenses 2020: $85,313Net Income 2020: -$56,4612020Revenue 2021: $34,517Expenses 2021: $91,700Net Income 2021: -$57,1832021Revenue 2022: $5,669Expenses 2022: $69,658Net Income 2022: -$63,9892022Revenue 2023: $21,589Expenses 2023: $94,628Net Income 2023: -$73,0392023Revenue 2024: $41,876Expenses 2024: $95,290Net Income 2024: -$53,4142024

Highlighted filing

2019

Revenue$59,475
Expenses$118,999
Net Income-$59,524
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 2, 2020
Return Version
2019v5.1
Gross Receipts
$797,138
Mission and Program Overview

Mission

To provide life insurance benefits to the members of the grand lodge of massachusetts order sons of italy in america.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,275,379$1,310,686▲ $35,307
Investments in Publicly Traded Securities$1,084,728$1,078,139▼ $6,589
Cash and Non-Interest-Bearing Accounts$80,254$134,798▲ $54,544
Other Notes and Loans Receivable, Net$114,644$102,230▼ $12,414
Land, Buildings, and Equipment, Net$595$397▼ $198
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,280,221$1,315,564▲ $35,343
Liabilities
Accounts Payable and Accrued Expenses$4,842$4,878▲ $36
Total Liabilities$4,842$4,878▲ $36
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,275,379$1,310,686▲ $35,307
Total Liabilities and Net Assets / Fund Balance$1,280,221$1,315,564▲ $35,343

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$397$33,960$34,357
Compensation and Service Providers
Top Officer Pay43rd percentile

Board Members and Trustees

NameTitle
Brian McNamaraPresident
Marjorie CahnCommissioner
Paul DiBonaCommissioner
Ross ZagamiCommissioner
Jacquelyn BonarrigoLiaison
Richard Vitali EsqSecretary
Paula SassoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,119
Investment Income
$49,356
Other Revenue
$0
Change in Net Assets
$-59,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$54,149
Revenue Not Reported on Financial Statements
$5,326
Revenue Not Reported on Form 990
$94,831
Total Revenue per Audited Statements
$148,980
Total Revenue per Form 990
$59,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$73,591
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$45,408--$45,408
Payments to Affiliates-$35,333-$35,333
Fees for Services Accounting-$10,275-$10,275
Fees for Services Other-$5,000-$5,000
Other Expenses$9,926$3,104-$3,104
All Other Expenses-$1,113-$1,113
Depreciation Depletion-$198-$198
Total Functional Expenses$55,334$63,665$0$118,999

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$118,999
Expenses per Audited Statements$113,673
Total Expenses per Audited Statements$113,673
Expenses Not Reported on Financial Statements$5,326
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common managementSalary reimbursementNo$12,550
-Common managementRent expenseNo$12,000
-Common managementAdministrative expenseNo$5,905
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The Organization is comprised of members who are eligible to receive death benefits.”

Form 990, Part VI, Section A, line 7A

“The Benefit Insurance Commission has a general election of the Board of Commissioners by its members. The Board of Commissioners becomes the governing body on behalf of the Benefit Insurance Commission.”

Form 990, Part VI, Section B, line 11B

“The governing board reviews Form 990 for any errors or ommissions and verfies information and consistency with audited financial statements, accounting records and other documents maintained by the Organization.”

Form 990, Part VI, Section B, line 12C

“Members are required to sign an acknowledgement form on an annual basis disclosing that no conflicts of interest exist. The Commissioners shall refrain from obtaining any list of clients for personal or private solicitation purposes at any time during their term of affiliation.”

Form 990, Part VI, Section B, line 15

“The State Council of the Grand Lodge of Massachusetts sets and reviews the annual salary for the Executive Director. The Commission is billed for and reimburses a portion of this salary on a monthly basis.”

Form 990, Part VI, Section C, line 19

“The Commission is required to submit an annual filing to the Massachusetts Division of Insurance which is available upon request form the Division. Governing documents may also be obtained from the Massachusetts Division of Insurance, the Commission website, and upon request.”

Filing and Contact Details

Filer

Filer Name
Benefit Insurance Commission
EIN
04-2900144
Phone
6174890196
Address
93 Concord Avenue, Belmont, MA 02478

Signing Officer

Name
Brian McNamara
Title
President
Phone
6174890196
Signed
2020-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian McNamara
Formed
1905
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Crr Llp
Address
545 Salem Street, Wakefield, MA 01880
Preparer
Nino Visconti
Phone
7812797788
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Financial Accounting Standards Board (FASB) issued ASC Topic 740, "Income Taxes" (ASC 740). ASC 740 clarifies the accounting for income taxes by prescribing a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined in ASC 740 as a tax position that is more likely than not to be sustained upon examination by the applicable tax authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. The uncertain tax position standard must be applied to all existing tax positions. As of December 31, 2019, the Commission had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under ASC 740. The Commission's practice was and continues to be to recognize interest and penalty expenses related to uncertain tax positions in income tax expense, which were zero for the year ended December 31, 2019. Generally, the Commission's preceding three tax years are subject to examination by federal and state taxing authorities. There are no income tax examinations currently in process.”

Raw XML AppendixShowing 400 of 429 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04842
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04878
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To provide life insurance benefits to the members of the Grand Lodge of Massachusetts Order Sons of Italy in America.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01113
IRS990/AllOtherExpensesGrp/TotalAmt01113
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BenefitsToMembersGrp/ProgramServicesAmt045408
IRS990/BenefitsToMembersGrp/TotalAmt045408
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Benefit Insurance Commission
IRS990/BooksInCareOfDetail/PhoneNum06174895235
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt093 Concord Avenue
IRS990/BooksInCareOfDetail/USAddress/CityNm0Belmont
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002478
IRS990/BusinessRlnWith35CtrlEntInd01
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt080254
IRS990/CashNonInterestBearingGrp/EOYAmt0134798
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt045408
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt049356
IRS990/CYOtherExpensesAmt073591
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt010119
IRS990/CYRevenuesLessExpensesAmt0-59524
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0118999
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt059475
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0198
IRS990/DepreciationDepletionGrp/TotalAmt0198
IRS990/Desc0Provide life insurance benefits to the lodge members of the Grand Lodge of Massachusetts Order Sons of Italy.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/ExpenseAmt055334
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt010275
IRS990/FeesForServicesAccountingGrp/TotalAmt010275
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt05000
IRS990/FeesForServicesOtherGrp/TotalAmt05000
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Jacquelyn Bonarrigo
IRS990/Form990PartVIISectionAGrp/PersonNm1Ross Zagami
IRS990/Form990PartVIISectionAGrp/PersonNm2Paul DiBona
IRS990/Form990PartVIISectionAGrp/PersonNm3Marjorie Cahn
IRS990/Form990PartVIISectionAGrp/PersonNm4Brian McNamara
IRS990/Form990PartVIISectionAGrp/PersonNm5Paula Sasso
IRS990/Form990PartVIISectionAGrp/PersonNm6Richard Vitali Esq
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Liaison
IRS990/Form990PartVIISectionAGrp/TitleTxt1Commissioner
IRS990/Form990PartVIISectionAGrp/TitleTxt2Commissioner
IRS990/Form990PartVIISectionAGrp/TitleTxt3Commissioner
IRS990/Form990PartVIISectionAGrp/TitleTxt4President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01905
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt015375
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0753038
IRS990/GrossReceiptsAmt0797138
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt033981
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt033981
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01084728
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01078139
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt033960
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0595
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0397
IRS990/LandBldgEquipCostOrOtherBssAmt034357
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0737663
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide life insurance benefits to the members of the Grand Lodge of Massachusetts Order Sons of Italy in America.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01275379
IRS990/NetAssetsOrFundBalancesEOYAmt01310686
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt015375
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt015375
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt094831
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Policy Disbursements
IRS990/OtherExpensesGrp/Desc1Investment Expense
IRS990/OtherExpensesGrp/Desc2Data Processing
IRS990/OtherExpensesGrp/Desc3Convention Expense
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05326
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13316
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23104
IRS990/OtherExpensesGrp/ProgramServicesAmt09926
IRS990/OtherExpensesGrp/TotalAmt09926
IRS990/OtherExpensesGrp/TotalAmt15326
IRS990/OtherExpensesGrp/TotalAmt23316
IRS990/OtherExpensesGrp/TotalAmt33104
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0114644
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0102230
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt035333
IRS990/PaymentsToAffiliatesGrp/TotalAmt035333
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Brian McNamara
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/Desc0Insurance premiums
IRS990/ProgramServiceRevenueGrp/ExclusionAmt010119
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010119
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt034900
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt024747
IRS990/PYOtherExpensesAmt062236
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt011933
IRS990/PYRevenuesLessExpensesAmt0-60456
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt097136
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt036680
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-59524
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01275379
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01310686
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0397
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033960
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034357
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt05326
IRS990ScheduleD/ExpensesSubtotalAmt0113673
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt05326
IRS990ScheduleD/InvestmentExpensesNotIncldAmt05326
IRS990ScheduleD/NetUnrealizedGainsInvstAmt094831
IRS990ScheduleD/RevenueNotReportedAmt094831
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt05326
IRS990ScheduleD/RevenueSubtotalAmt054149
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Financial Accounting Standards Board (FASB) issued ASC Topic 740, "Income Taxes" (ASC 740). ASC 740 clarifies the accounting for income taxes by prescribing a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined in ASC 740 as a tax position that is more likely than not to be sustained upon examination by the applicable tax authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. The uncertain tax position standard must be applied to all existing tax positions. As of December 31, 2019, the Commission had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under ASC 740. The Commission's practice was and continues to be to recognize interest and penalty expenses related to uncertain tax positions in income tax expense, which were zero for the year ended December 31, 2019. Generally, the Commission's preceding three tax years are subject to examination by federal and state taxing authorities. There are no income tax examinations currently in process.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0397
IRS990ScheduleD/TotalExpensesPerForm990Amt0118999
IRS990ScheduleD/TotalRevenuePerForm990Amt059475
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0148980
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0113673
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0OSIA Trust of 1985
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1General Fund
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2General Fund
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Common management
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1Common management
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2Common management
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt012000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt15905
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt212550
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Rent expense
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Administrative expense
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2Salary reimbursement
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization is comprised of members who are eligible to receive death benefits.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Benefit Insurance Commission has a general election of the Board of Commissioners by its members. The Board of Commissioners becomes the governing body on behalf of the Benefit Insurance Commission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing board reviews Form 990 for any errors or ommissions and verfies information and consistency with audited financial statements, accounting records and other documents maintained by the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Members are required to sign an acknowledgement form on an annual basis disclosing that no conflicts of interest exist. The Commissioners shall refrain from obtaining any list of clients for personal or private solicitation purposes at any time during their term of affiliation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The State Council of the Grand Lodge of Massachusetts sets and reviews the annual salary for the Executive Director. The Commission is billed for and reimburses a portion of this salary on a monthly basis.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Commission is required to submit an annual filing to the Massachusetts Division of Insurance which is available upon request form the Division. Governing documents may also be obtained from the Massachusetts Division of Insurance, the Commission website, and upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0046655409
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0T
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Rental
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0OSIA Trust of 1985
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt093 Concord Avenue
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Belmont
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd002478
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Sons of Italy in America
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1OSIA Charitable and Educational Trust
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0041850950
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1046190445
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(8) & (c)(10)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Fraternal Lodge
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Public Charity
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt093 Concord Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt193 Concord Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Belmont
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Belmont
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002478
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd102478
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0102230
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt112000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt218455
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Fair Value of Loan
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Fair Market Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2Fair Market Value
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0OSIA Trust of 1985
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1OSIA Trust of 1985
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2Sons of Italy General Fund
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01280221
IRS990/TotalAssetsEOYAmt01315564
IRS990/TotalAssetsGrp/BOYAmt01280221
IRS990/TotalAssetsGrp/EOYAmt01315564
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063665
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt055334
IRS990/TotalFunctionalExpensesGrp/TotalAmt0118999
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04842
IRS990/TotalLiabilitiesEOYAmt04878
IRS990/TotalLiabilitiesGrp/BOYAmt04842
IRS990/TotalLiabilitiesGrp/EOYAmt04878
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01275379
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01310686
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt055334
IRS990/TotalProgramServiceRevenueAmt010119
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt044100
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt015375
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt059475
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01280221
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01315564
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt054 Arena Terrace
IRS990/USAddress/CityNm0Concord
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001742
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.osiama.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Brian McNamara
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06174890196
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Benefit Insurance Commission

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,315,564
Liabilities
$4,878
Net assets
$1,310,686
Revenue
$59,475
Expenses
$118,999
Net income
-$59,524
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.36$0.01$1.35$0.04$0.10$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.27$0.01$1.27$0.02$0.09$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$0.01$0.07$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.03$0.09$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.31$0.03$0.09$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.31$0.06$0.12$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$0.04$0.10$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.38$0.01$1.37$0.05$0.14$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.45$0.00$1.45$0.02$0.15$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.06$0.17$0.11
2014Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$0.06$0.16$0.11
2013Detailed filing. Detailed filing data is available for this year.$1.81$0.00$1.81$0.07$0.19$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.00$1.92$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.00$2.02$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.00$2.19$0.18