Civic Intelligence

Boston Plasterers & Cement Masons Local 534 - Deferred Income Fund

990 • Fiscal year 2016 • EIN 04-6544055

Apr 01, 2015 to Mar 31, 2016 • Filed on Aug 15, 2016

7 Frederika StDorchester, MA 02124-5115

(617) 825-4500

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2016 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

28th percentile

0.05x

Higher debt load relative to revenue than 28% of similar nonprofits.

2016 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2016

Net Margin

77th percentile

19%

Higher net margin than 77% of similar nonprofits.

2016 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

4th percentile

$1,185

Higher top officer pay than 4% of similar nonprofits.

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

2016 filings • 501(c)5 • $25M-$50M nonprofits • Source year 2016

Asset Growth

8th percentile

-2.9%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)5 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

1st percentile

-35%

Faster revenue growth than 1% of similar nonprofits.

2016 filings • 501(c)5 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Down

$27,442,875

Down $810,635 (-2.9%) from 2015

Net Assets

Down

$27,315,505

Down $826,563 (-2.9%) from 2015

Liabilities

Up

$127,370

Up $15,928 (+14%) from 2015

Revenue

Down

$2,710,767

Down $1,445,800 (-35%) from 2015

Expenses

Up

$2,199,760

Up $840,265 (+62%) from 2015

Net Income

Down

$511,007

Down $2,286,065 (-82%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2012: $23,232,752Liabilities 2012: $329,157Net Assets 2012: $22,903,5952012Assets 2013: $24,477,553Liabilities 2013: $119,387Net Assets 2013: $24,358,1662013Assets 2014: $26,365,127Liabilities 2014: $112,458Net Assets 2014: $26,252,6692014Assets 2015: $28,253,510Liabilities 2015: $111,442Net Assets 2015: $28,142,0682015Assets 2016: $27,442,875Liabilities 2016: $127,370Net Assets 2016: $27,315,5052016Assets 2017: $29,264,211Liabilities 2017: $202,493Net Assets 2017: $29,061,7182017Assets 2018: $31,124,261Liabilities 2018: $77,476Net Assets 2018: $31,046,7852018Assets 2019: $33,572,949Liabilities 2019: $50,913Net Assets 2019: $33,522,0362019Assets 2020: $32,147,143Liabilities 2020: $46,664Net Assets 2020: $32,100,4792020Assets 2021: $41,347,044Liabilities 2021: $67,038Net Assets 2021: $41,280,0062021Assets 2022: $43,033,608Liabilities 2022: $60,928Net Assets 2022: $42,972,6802022Assets 2023: $42,801,000Liabilities 2023: $116,787Net Assets 2023: $42,684,2132023Assets 2024: $44,959,898Liabilities 2024: $199,173Net Assets 2024: $44,760,7252024Assets 2025: $45,677,558Liabilities 2025: $56,908Net Assets 2025: $45,620,6502025

Highlighted filing

2016

Assets$27,442,875
Liabilities$127,370
Net Assets$27,315,505

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $2,221,9292012Expenses 2013: $1,918,6952013Revenue 2014: $2,437,050Expenses 2014: $2,037,660Net Income 2014: $399,3902014Revenue 2015: $4,156,567Expenses 2015: $1,359,495Net Income 2015: $2,797,0722015Revenue 2016: $2,710,767Expenses 2016: $2,199,760Net Income 2016: $511,0072016Revenue 2017: $2,236,620Expenses 2017: $2,370,528Net Income 2017: -$133,9082017Revenue 2018: $3,067,275Expenses 2018: $2,199,362Net Income 2018: $867,9132018Revenue 2019: $3,931,945Expenses 2019: $1,126,149Net Income 2019: $2,805,7962019Revenue 2020: $3,554,386Expenses 2020: $1,436,228Net Income 2020: $2,118,1582020Revenue 2021: $3,723,120Expenses 2021: $1,637,015Net Income 2021: $2,086,1052021Revenue 2022: $5,288,604Expenses 2022: $2,239,780Net Income 2022: $3,048,8242022Revenue 2023: $4,349,367Expenses 2023: $2,389,632Net Income 2023: $1,959,7352023Revenue 2024: $3,948,567Expenses 2024: $4,772,406Net Income 2024: -$823,8392024Revenue 2025: $10,062,307Expenses 2025: $4,101,088Net Income 2025: $5,961,2192025

Highlighted filing

2016

Revenue$2,710,767
Expenses$2,199,760
Net Income$511,007
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
Aug 15, 2016
Return Version
2015v2.1
Gross Receipts
$4,735,857
Mission and Program Overview

Mission

Employee benefit plan to provide benefits to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$28,142,068$27,315,505▼ $826,563
Investments Other Securities$25,343,082$24,549,383▼ $793,699
Land, Buildings, and Equipment, Net$1,931,963$2,018,055▲ $86,092
Savings and Temporary Cash Investments$740,362$682,856▼ $57,506
Accounts Receivable$130,313$107,809▼ $22,504
Other Notes and Loans Receivable, Net$86,335$61,452▼ $24,883
Total Assets$28,253,510$27,442,875▼ $810,635
Other Assets Total$21,455$23,320▲ $1,865
Liabilities
Accounts Payable and Accrued Expenses$86,234$103,014▲ $16,780
Other Liabilities$25,208$12,859▼ $12,349
Deferred Revenue-$11,497-
Total Liabilities$111,442$127,370▲ $15,928
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,142,068$27,315,505▼ $826,563
Total Liabilities and Net Assets / Fund Balance$28,253,510$27,442,875▼ $810,635

Asset Categories

AssetBook ValueDepreciationBasis
Land$79,420-$79,420
Buildings$1,937,579$266,488-
Equipment$1,056$30,924-
Other Securities$661,176--
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Vincent DisalvoTrustee$504$681$1,185
James MulcahyTrustee$230$439$669

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,445,337
Investment Income
$1,122,686
Other Revenue
$142,744
Change in Net Assets
$511,007

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,710,767
Total Revenue per Audited Statements
$2,710,767
Total Revenue per Form 990
$2,710,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$154,946
Salaries, Compensation, and Employee Benefits$129,692
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$1,915,122--$1,915,122
Other Salaries and Wages$78,218--$78,218
Fees for Service Investment Mgmnt Fees$64,289--$64,289
Other Employee Benefits$34,448--$34,448
Fees for Services Accounting$11,655--$11,655
Pension Plan Contributions$10,431--$10,431
Occupancy$7,681--$7,681
Fees for Services Legal$7,500--$7,500
Fees for Services Other$7,125--$7,125
Payroll Taxes$6,595--$6,595
Conferences and Meetings$5,144--$5,144
Insurance$4,615--$4,615
All Other Expenses$4,050--$4,050
Office Expenses$2,759--$2,759
Other Expenses$2,647--$2,647
Depreciation Depletion$908--$908
Total Functional Expenses$2,199,760$0$0$2,199,760

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,199,760
Total Expenses per Audited Statements$2,199,760
Total Expenses per Form 990$2,199,760
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due From Other Funds$5,517
Accrued Expenses$4,627
Security Deposit$2,715
Payroll Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Members of the union are members of the fund

Form 990, Page 6, Part VI, Line 7A

Members of the union elect the employee trustees of the fund

Form 990, Page 6, Part VI, Line 7B

Certain decisions made by the board are subject to members approval at monthly members meetings

Form 990, Page 6, Part VI, Line 11B

Copies of form 990 are provided to the trustees for their review prior to the filing date

Form 990, Page 6, Part VI, Line 12C

Through trustee meetings conflict of interest policy statement is signed by all trustees and administrative workers

Form 990, Page 6, Part VI, Line 15A

VOTED ON BY TRUSTEES

Form 990, Page 6, Part VI, Line 15B

VOTED ON BY TRUSTEES

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request

Filing and Contact Details

Filer

Filer Name
Boston Plasterers & Cement Masons
EIN
04-6544055
Phone
6178254500
Address
7 FREDERIKA ST, DORCHESTER, MA 02124-5115

Signing Officer

Name
James Mulcahy
Title
Trustee
Phone
6178254500
Signed
2016-08-15

Organization Details

Principal Officer
James Mulcahy
Formed
1986
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
1
Employees
5

Preparer

Firm
Campbell Devasto & Associates Cpas
Address
175 DERBY ST STE 2, HINGHAM, MA 02043-4035
Preparer
David R Campbell
Phone
7817496699
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Employee benefit plan to provide benefits to members

Raw XML AppendixShowing 400 of 527 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/OtherSecuritiesGrp/Desc4US GOV'T SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc5COMMON STOCK
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMPLOYEE BENEFIT PLAN TO PROVIDE BENEFITS TO MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE UNION ARE MEMBERS OF THE FUND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE UNION ELECT THE EMPLOYEE TRUSTEES OF THE FUND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CERTAIN DECISIONS MADE BY THE BOARD ARE SUBJECT TO MEMBERS APPROVAL AT MONTHLY MEMBERS MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COPIES OF FORM 990 ARE PROVIDED TO THE TRUSTEES FOR THEIR REVIEW PRIOR TO THE FILING DATE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THROUGH TRUSTEE MEETINGS CONFLICT OF INTEREST POLICY STATEMENT IS SIGNED BY ALL TRUSTEES AND ADMINISTRATIVE WORKERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6VOTED ON BY TRUSTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7VOTED ON BY TRUSTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BP&CM LOCAL 534 LABOR MGMT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1BP&CM LOCAL 534 PENSION FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2BP&CM LOCAL 534 HEALTH & WELFARE FU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3BP&CM LOCAL 534 JATC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4BP&CM LOCAL 534 SUB FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5BP&CM LOCAL 534 GENERAL FUND
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd5MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROMOTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1PENSION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2H&W
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4UNEMPLOYME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt5UNION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt37 FREDERIKA STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt47 FREDERIKA STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt57 FREDERIKA STREET
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm4BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm5BOSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2MA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd4MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd5MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002124
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd102124
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd202124
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd302124
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd402124
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd502124
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IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$45.7$0.06$45.6$10.1$4.10$5.96
2024Detailed filing. Detailed filing data is available for this year.$45.0$0.20$44.8$3.95$4.77$0.82
2023Detailed filing. Detailed filing data is available for this year.$42.8$0.12$42.7$4.35$2.39$1.96
2022Detailed filing. Detailed filing data is available for this year.$43.0$0.06$43.0$5.29$2.24$3.05
2021Detailed filing. Detailed filing data is available for this year.$41.3$0.07$41.3$3.72$1.64$2.09
2020Detailed filing. Detailed filing data is available for this year.$32.1$0.05$32.1$3.55$1.44$2.12
2019Detailed filing. Detailed filing data is available for this year.$33.6$0.05$33.5$3.93$1.13$2.81
2018Detailed filing. Detailed filing data is available for this year.$31.1$0.08$31.0$3.07$2.20$0.87
2017Detailed filing. Detailed filing data is available for this year.$29.3$0.20$29.1$2.24$2.37$0.13
2016Detailed filing. Detailed filing data is available for this year.$27.4$0.13$27.3$2.71$2.20$0.51
2015Detailed filing. Detailed filing data is available for this year.$28.3$0.11$28.1$4.16$1.36$2.80
2014Detailed filing. Detailed filing data is available for this year.$26.4$0.11$26.3$2.44$2.04$0.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.5$0.12$24.4$1.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.2$0.33$22.9$2.22