Civic Intelligence

Laborers' Pension - Burlington Investment Corp

990 • Fiscal year 2020 • EIN 04-3249480

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 04, 2021

Organization ProfileN/A
1400 District Avenue No 200Burlington, MA 01803-5236

(781) 272-1000

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

32nd percentile

0.02x

Higher debt load relative to revenue than 32% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Source year 2020

Net Margin

86th percentile

46%

Higher net margin than 86% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

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

2020 filings • $5M-$10M nonprofits • Source year 2020

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

76th percentile

21%

Faster revenue growth than 76% of similar nonprofits.

2020 filings • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$5,183,605

Up $505,955 (+11%) from 2019

Net Assets

Up

$5,168,508

Up $526,102 (+11%) from 2019

Liabilities

Down

$15,097

Down $20,147 (-57%) from 2019

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin86th percentile

Revenue

Up

$659,672

Up $112,715 (+21%) from 2019

Expenses

Down

$354,463

Down $697 (-0.2%) from 2019

Net Income

Up

$305,209

Up $113,412 (+59%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,983,296Liabilities 2011: $53,031Net Assets 2011: $2,930,2652011Assets 2012: $3,103,847Liabilities 2012: $27,107Net Assets 2012: $3,076,7402012Assets 2013: $3,548,972Liabilities 2013: $54,556Net Assets 2013: $3,494,4162013Assets 2014: $3,292,027Liabilities 2014: $20,176Net Assets 2014: $3,271,8512014Assets 2015: $4,429,336Liabilities 2015: $32,131Net Assets 2015: $4,397,2052015Assets 2016: $4,686,337Liabilities 2016: $139,121Net Assets 2016: $4,547,2162016Assets 2017: $4,770,142Liabilities 2017: $46,497Net Assets 2017: $4,723,6452017Assets 2018: $4,483,263Liabilities 2018: $32,654Net Assets 2018: $4,450,6092018Assets 2019: $4,677,650Liabilities 2019: $35,244Net Assets 2019: $4,642,4062019Assets 2020: $5,183,605Liabilities 2020: $15,097Net Assets 2020: $5,168,5082020Assets 2021: $5,542,207Liabilities 2021: $21,964Net Assets 2021: $5,520,2432021Assets 2022: $5,847,715Liabilities 2022: $17,611Net Assets 2022: $5,830,1042022Assets 2023: $4,962,342Liabilities 2023: $13,150Net Assets 2023: $4,949,1922023Assets 2024: $5,391,021Liabilities 2024: $87,542Net Assets 2024: $5,303,4792024

Highlighted filing

2020

Assets$5,183,605
Liabilities$15,097
Net Assets$5,168,508
Open 2020 Filing

Operations Trend

Revenue Growth76th percentile

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

$1.5M$1.0M$500K$0Expenses 2011: $02011Expenses 2012: $02012Revenue 2013: $117,447Expenses 2013: $0Net Income 2013: $117,4472013Revenue 2014: $277,435Expenses 2014: $0Net Income 2014: $277,4352014Revenue 2015: $163,625Expenses 2015: $0Net Income 2015: $163,6252015Revenue 2016: $150,011Expenses 2016: $0Net Income 2016: $150,0112016Revenue 2017: $176,429Expenses 2017: $0Net Income 2017: $176,4292017Revenue 2018: $532,152Expenses 2018: $331,178Net Income 2018: $200,9742018Revenue 2019: $546,957Expenses 2019: $355,160Net Income 2019: $191,7972019Revenue 2020: $659,672Expenses 2020: $354,463Net Income 2020: $305,2092020Revenue 2021: $707,836Expenses 2021: $356,101Net Income 2021: $351,7352021Revenue 2022: $693,321Expenses 2022: $383,460Net Income 2022: $309,8612022Revenue 2023: $1,334,377Expenses 2023: $416,945Net Income 2023: $917,4322023Revenue 2024: $736,378Expenses 2024: $382,091Net Income 2024: $354,2872024

Highlighted filing

2020

Revenue$659,672
Expenses$354,463
Net Income$305,209
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 4, 2021
Return Version
2020v4.1
Gross Receipts
$659,672
Mission and Program Overview

Mission

The organization owns and maintains real estate investment property for the purpose of remitting the entire amount of net income to a qualified pension, profit sharing, or stock bonus plan that meets the requirements of irc section 401(a).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,029,107$4,250,000▲ $220,893
Pd in Cap Srpls Land Bldg Eqp Fund$2,752,546$2,752,546→ $0
Rtn Earn Endowment Incm Other Fnds$1,889,859$2,415,961▲ $526,102
Cash and Non-Interest-Bearing Accounts$550,002$840,731▲ $290,729
Savings and Temporary Cash Investments$76,437$76,707▲ $270
Prepaid Expenses and Deferred Charges$7,934$9,083▲ $1,149
Intangible Assets$14,170$7,084▼ $7,086
Cap Stk Tr Prin Current Funds$1$1→ $0
Total Assets$4,677,650$5,183,605▲ $505,955
Liabilities
Accounts Payable and Accrued Expenses$35,244$15,097▼ $20,147
Total Liabilities$35,244$15,097▼ $20,147
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,642,406$5,168,508▲ $526,102
Total Liabilities and Net Assets / Fund Balance$4,677,650$5,183,605▲ $505,955

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,483,000--
Land$767,000--
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
Joseph BonfiglioPresident/Director
Allen BoyerDirector
David CarterDirector
Dominic Ottaviano JrDirector
Mark R BurnsDirector
Michael SanchezDirector
Rodney FriasDirector
Robert ToomeyTreasurer/Director
Louis a Mandarini IiiSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$659,401
Investment Income
$271
Other Revenue
$0
Change in Net Assets
$305,209

Audited Revenue Reconciliation

Revenue per Audited Statements
$659,672
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$220,893
Total Revenue per Audited Statements
$880,565
Total Revenue per Form 990
$659,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$354,463
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
Occupancy---$307,339
Fees for Services Management---$24,000
Fees for Services Accounting---$14,250
Depreciation Depletion---$7,086
Fees for Services Legal---$1,010
Office Expenses---$778
Total Functional Expenses$0$0$0$354,463

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$354,463
Total Expenses per Audited Statements$354,463
Total Expenses per Form 990$354,463
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Management duties of the organization are outsourced to a real estate management firm.”

Form 990, Part VI, Section A, Line 6

“The organization has stockholders”

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

“The form 990 was prepared in coordination with an officer of the organization. Once complete the form was made available to the board of directors.”

Form 990, Part VI, Section C, Line 19

“No other documents available to the public”

Filing and Contact Details

Filer

Filer Name
LABORERS' PENSION - BURLINGTON
EIN
04-3249480
Phone
7812721000
Address
1400 DISTRICT AVENUE NO 200, BURLINGTON, MA 01803-5236

Signing Officer

Name
Louis a Mandarini Iii
Title
Secretary
Phone
7812721000
Signed
2021-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Louis a Mandarini Iii
Formed
1994
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Schultheis & Panettieri Llp
Address
450 WIRELESS BLVD, HAUPPAUGE, NY 11788
Preparer
Carol Westfall
Phone
6312734778
Raw XML Appendix383 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.

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LOUIS A MANDARINI III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0LOUIS MANDARINI III - TOTAL COMPENSATION REPORTED BY MASSACHUSETTS LABORERS HEALTH AND WELFARE FUND (UNRELATED ORGANIZATION) AMOUNTED TO $322,685. NO REIMBURSEMENTS ARE MADE BY THE FILING ORGANIZATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0COMPENSATION FROM UNREALTED ORGANIZATIONS
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES OF THE ORGANIZATION ARE OUTSOURCED TO A REAL ESTATE MANAGEMENT FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS STOCKHOLDERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WAS PREPARED IN COORDINATION WITH AN OFFICER OF THE ORGANIZATION. ONCE COMPLETE THE FORM WAS MADE AVAILABLE TO THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OTHER DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0YES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MASSACHUSETTS LABORERS PENSION FD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0046128298
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEFINED PENSION PLAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01400 DISTRICT AVENUE SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BURLINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0018035236
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04677650
IRS990/TotalAssetsEOYAmt05183605
IRS990/TotalAssetsGrp/BOYAmt04677650
IRS990/TotalAssetsGrp/EOYAmt05183605
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0354463
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt035244
IRS990/TotalLiabilitiesEOYAmt015097
IRS990/TotalLiabilitiesGrp/BOYAmt035244
IRS990/TotalLiabilitiesGrp/EOYAmt015097
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04642406
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05168508
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0659401
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0271
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0659401
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0659672
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04677650
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05183605
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0BURLINGTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0018035236
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LOUIS A MANDARINI III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum07812721000
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LABORERS' PENSION - BURLINGTON
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INVESTMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0LABO
ReturnHeader/Filer/EIN0043249480
ReturnHeader/Filer/PhoneNum07812721000
ReturnHeader/Filer/USAddress/AddressLine1Txt01400 DISTRICT AVENUE NO 200
ReturnHeader/Filer/USAddress/CityNm0BURLINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0018035236
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131577780
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHULTHEIS & PANETTIERI LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0450 WIRELESS BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAUPPAUGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011788
ReturnHeader/PreparerPersonGrp/PhoneNum06312734778
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROL WESTFALL
ReturnHeader/ReturnTs02021-11-04T10:43:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LOUIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MANDARINI III
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,183,605
Liabilities
$15,097
Net assets
$5,168,508
Revenue
$659,672
Expenses
$354,463
Net income
$305,209
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.39$0.09$5.30$0.74$0.38$0.35
2023Detailed filing. Detailed filing data is available for this year.$4.96$0.01$4.95$1.33$0.42$0.92
2022Detailed filing. Detailed filing data is available for this year.$5.85$0.02$5.83$0.69$0.38$0.31
2021Detailed filing. Detailed filing data is available for this year.$5.54$0.02$5.52$0.71$0.36$0.35
2020Detailed filing. Detailed filing data is available for this year.$5.18$0.02$5.17$0.66$0.35$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.68$0.04$4.64$0.55$0.36$0.19
2018Detailed filing. Detailed filing data is available for this year.$4.48$0.03$4.45$0.53$0.33$0.20
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.77$0.05$4.72$0.18$0.00$0.18
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.69$0.14$4.55$0.15$0.00$0.15
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.43$0.03$4.40$0.16$0.00$0.16
2014Detailed filing. Detailed filing data is available for this year.$3.29$0.02$3.27$0.28$0.00$0.28
2013Detailed filing. Detailed filing data is available for this year.$3.55$0.05$3.49$0.12$0.00$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.10$0.03$3.08$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$0.05$2.93$0.00