Civic Intelligence

The Massachusetts Laborersbuilding Unified Trust

EIN 04-3408566 • 501(c)5 • Hopkinton, MA

Profile

To identify and expand work opportunities and to promote the economic competitiveness of the union and the employers.

7 Laborers WayHopkinton, MA 01748

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.26x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)5 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

1.08x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)5 • $25M-$50M nonprofits • Source year 2024

Net Margin

78th percentile

28%

Higher net margin than 78% of similar nonprofits.

501(c)5 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

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

501(c)5 • $25M-$50M nonprofits • Source year 2024

Asset Growth

51st percentile

7.9%

Faster asset growth than 51% of similar nonprofits.

501(c)5 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

22nd percentile

-0.2%

Faster revenue growth than 22% of similar nonprofits.

501(c)5 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$25,562,057

Up $1,872,625 (+7.9%) from 2023

Liabilities

Up

$6,763,983

Up $115,103 (+1.7%) from 2023

Net Assets

Up

$18,798,074

Up $1,757,522 (+10%) from 2023

Revenue

Down

$6,281,680

Down $12,885 (-0.2%) from 2023

Expenses

Up

$4,524,158

Up $1,377,940 (+44%) from 2023

Net Income

Down

$1,757,522

Down $1,390,825 (-44%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $12,791,301Liabilities 2011: $7,446,745Net Assets 2011: $5,344,5562011Assets 2012: $11,043,289Liabilities 2012: $6,445,032Net Assets 2012: $4,598,2572012Assets 2013: $10,619,512Liabilities 2013: $4,866,750Net Assets 2013: $5,752,7622013Assets 2014: $11,767,424Liabilities 2014: $4,134,909Net Assets 2014: $7,632,5152014Assets 2015: $13,569,981Liabilities 2015: $3,755,571Net Assets 2015: $9,814,4102015Assets 2016: $15,382,712Liabilities 2016: $3,970,360Net Assets 2016: $11,412,3522016Assets 2017: $17,657,327Liabilities 2017: $5,448,277Net Assets 2017: $12,209,0502017Assets 2018: $19,681,212Liabilities 2018: $5,501,325Net Assets 2018: $14,179,8872018Assets 2019: $21,016,262Liabilities 2019: $9,072,583Net Assets 2019: $11,943,6792019Assets 2020: $21,355,030Liabilities 2020: $11,204,733Net Assets 2020: $10,150,2972020Assets 2021: $21,461,882Liabilities 2021: $10,145,169Net Assets 2021: $11,316,7132021Assets 2022: $21,434,640Liabilities 2022: $7,542,435Net Assets 2022: $13,892,2052022Assets 2023: $23,689,432Liabilities 2023: $6,648,880Net Assets 2023: $17,040,5522023Assets 2024: $25,562,057Liabilities 2024: $6,763,983Net Assets 2024: $18,798,0742024

Highlighted filing

2024

Assets$25,562,057
Liabilities$6,763,983
Net Assets$18,798,074

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $2,966,990Expenses 2011: $5,901,699Net Income 2011: -$2,934,7092011Expenses 2012: $3,734,9152012Revenue 2013: $3,276,116Expenses 2013: $2,121,611Net Income 2013: $1,154,5052013Revenue 2014: $3,639,130Expenses 2014: $1,759,377Net Income 2014: $1,879,7532014Revenue 2015: $4,132,870Expenses 2015: $1,950,975Net Income 2015: $2,181,8952015Revenue 2016: $4,095,295Expenses 2016: $2,497,353Net Income 2016: $1,597,9422016Revenue 2017: $4,531,768Expenses 2017: $3,735,069Net Income 2017: $796,6992017Revenue 2018: $5,343,727Expenses 2018: $3,372,890Net Income 2018: $1,970,8372018Revenue 2019: $5,647,816Expenses 2019: $7,884,024Net Income 2019: -$2,236,2082019Revenue 2020: $4,632,607Expenses 2020: $6,425,989Net Income 2020: -$1,793,3822020Revenue 2021: $5,426,016Expenses 2021: $4,259,600Net Income 2021: $1,166,4162021Revenue 2022: $5,717,049Expenses 2022: $3,141,557Net Income 2022: $2,575,4922022Revenue 2023: $6,294,565Expenses 2023: $3,146,218Net Income 2023: $3,148,3472023Revenue 2024: $6,281,680Expenses 2024: $4,524,158Net Income 2024: $1,757,5222024

Highlighted filing

2024

Revenue$6,281,680
Expenses$4,524,158
Net Income$1,757,522

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.6$6.76$18.8$6.28$4.52$1.76
2023Detailed filing. Detailed filing data is available for this year.$23.7$6.65$17.0$6.29$3.15$3.15
2022Detailed filing. Detailed filing data is available for this year.$21.4$7.54$13.9$5.72$3.14$2.58
2021Detailed filing. Detailed filing data is available for this year.$21.5$10.1$11.3$5.43$4.26$1.17
2020Detailed filing. Detailed filing data is available for this year.$21.4$11.2$10.2$4.63$6.43$1.79
2019Detailed filing. Detailed filing data is available for this year.$21.0$9.07$11.9$5.65$7.88$2.24
2018Detailed filing. Detailed filing data is available for this year.$19.7$5.50$14.2$5.34$3.37$1.97
2017Detailed filing. Detailed filing data is available for this year.$17.7$5.45$12.2$4.53$3.74$0.80
2016Detailed filing. Detailed filing data is available for this year.$15.4$3.97$11.4$4.10$2.50$1.60
2015Detailed filing. Detailed filing data is available for this year.$13.6$3.76$9.81$4.13$1.95$2.18
2014Detailed filing. Detailed filing data is available for this year.$11.8$4.13$7.63$3.64$1.76$1.88
2013Detailed filing. Detailed filing data is available for this year.$10.6$4.87$5.75$3.28$2.12$1.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$6.45$4.60$3.73
2011Summary only. Only limited summary data is available for this year.$12.8$7.45$5.34$2.97$5.90$2.93
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$6,281,680
Mission and Program Overview

Mission

To identify and expand work opportunities and to promote the economic competitiveness of the union and the employers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$23,189,366$24,858,531▲ $1,669,165
Accounts Receivable$500,066$403,834▼ $96,232
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$23,689,432$25,562,057▲ $1,872,625
Other Assets Total-$299,692-
Liabilities
Grants Payable$6,593,069$6,726,642▲ $133,573
Other Liabilities$55,811--
Accounts Payable and Accrued Expenses-$37,341-
Total Liabilities$6,648,880$6,763,983▲ $115,103
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,040,552$18,798,074▲ $1,757,522
Total Net Assets Fund Balance$17,040,552$18,798,074▲ $1,757,522
Total Liabilities and Net Assets / Fund Balance$23,689,432$25,562,057▲ $1,872,625
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph BonfiglioChairman
Thomas GunningCo-chairman
John FerranteTrustee
Thomas AndrewsTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$5,134,329
Program Service Revenue
$0
Investment Income
$1,147,351
Other Revenue
$0
Change in Net Assets
$1,757,522

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,281,680
Total Revenue per Audited Statements
$6,281,680
Total Revenue per Form 990
$6,281,680
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$592,837
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---$3,931,321
Fees for Services Legal---$57,000
Fees for Services Accounting---$54,000
Other Expenses---$37,341
Total Functional Expenses$0$0$0$4,524,158

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,524,158
Total Expenses per Audited Statements$4,524,158
Total Expenses per Form 990$4,524,158
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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 9

Thomas Gunning100 Grossman DriveBraintree, MA 02184John Ferrante888 Worcester St, Suite 40Wellesley, MA 02482

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

The Form 990 is reviewed and approved for filing by the Board of Trustees.

Form 990, Part VI, Section C, Line 19

Federal mandated documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Massachusetts Laborers Building
EIN
04-3408566
Phone
5085448255
Address
7 Laborers Way, Hopkinton, MA 01748

Signing Officer

Name
Joseph Bonfiglio
Title
Chairman
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Ward Fisher & Company LLP
Address
250C Centerville Road, Warwick, RI 02886
Preparer
Robert D Giudici
Phone
4013846464
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Internal Revenue Service (IRS) has determined and informed the Trust by a letter dated June 10, 1998, that the Trust is tax exempt under section 501(c)(5) of the Internal Revenue Code (IRC). The Trust's management and the Trust's tax counsel believe that the Trust is designed and is currently being operated in compliance with the applicable requirements of the IRC.Accounting principles generally accepted in the United States of America require Trust management to evaluate tax positions taken by the Trust and recognize a tax liability (or asset) if the Trust has taken an uncertain tax position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed tax positions taken by the Trust, and has concluded that as of December 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Trust is subject to routine audits by taxing jurisdictions; however there are currently no audits for any tax periods in progress.

Raw XML Appendix342 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Internal Revenue Service (IRS) has determined and informed the Trust by a letter dated June 10, 1998, that the Trust is tax exempt under section 501(c)(5) of the Internal Revenue Code (IRC). The Trust's management and the Trust's tax counsel believe that the Trust is designed and is currently being operated in compliance with the applicable requirements of the IRC.Accounting principles generally accepted in the United States of America require Trust management to evaluate tax positions taken by the Trust and recognize a tax liability (or asset) if the Trust has taken an uncertain tax position that more likely than not would not be sustained upon examination by the IRS. Management has analyzed tax positions taken by the Trust, and has concluded that as of December 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Trust is subject to routine audits by taxing jurisdictions; however there are currently no audits for any tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt04524158
IRS990ScheduleD/TotalRevenuePerForm990Amt06281680
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06281680
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04524158
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Thomas Gunning100 Grossman DriveBraintree, MA 02184John Ferrante888 Worcester St, Suite 40Wellesley, MA 02482
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is reviewed and approved for filing by the Board of Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Federal mandated documents available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0The Massachusetts LaborersHighway
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0043408561
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0To provide support and benefit payments on behalf of members
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07 Laborers Way
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Hopkinton
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001748
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0444496
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Allocation
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0The Massachusetts LaborersHighway
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0p
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt023689432
IRS990/TotalAssetsEOYAmt025562057
IRS990/TotalAssetsGrp/BOYAmt023689432
IRS990/TotalAssetsGrp/EOYAmt025562057
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05134329
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04524158
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06648880
IRS990/TotalLiabilitiesEOYAmt06763983
IRS990/TotalLiabilitiesGrp/BOYAmt06648880
IRS990/TotalLiabilitiesGrp/EOYAmt06763983
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017040552
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018798074
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01147351
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06281680
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt023689432
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt025562057
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07 Laborers Way
IRS990/USAddress/CityNm0Hopkinton
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001748
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Joseph Bonfiglio
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairman
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Massachusetts Laborers Building
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Unified Trust
ReturnHeader/Filer/BusinessNameControlTxt0MASS
ReturnHeader/Filer/EIN0043408566
ReturnHeader/Filer/PhoneNum05085448255
ReturnHeader/Filer/USAddress/AddressLine1Txt07 Laborers Way
ReturnHeader/Filer/USAddress/CityNm0Hopkinton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001748
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0050234540
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ward Fisher & Company LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0250C Centerville Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Warwick
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002886
ReturnHeader/PreparerPersonGrp/PhoneNum04013846464
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Robert D Giudici
ReturnHeader/ReturnTs02025-05-12T11:13:31-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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