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← MASSACHUSETTS CONSTRUCTION ADVANCEMENT PROGRAM

Form 990 for tax year 2023

Filed by MASSACHUSETTS CONSTRUCTION ADVANCEMENT PROGRAM.

Totals

Total revenue
$2,217,436
Total expenses
$2,876,762
Contributions and grants received
$0
Grants paid
$2,656,582
Program service revenue
$2,115,322
Investment income
$102,114
Other revenue
$0
Total assets, end of year
$4,673,749
Total liabilities, end of year
$141,954
Net assets or fund balances, end of year
$4,531,795
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $2,115,322 · related or exempt $2,115,322

  • 3 · Investment income

    total $138,105 · excluded $138,105

  • 7a · Gross sales of assets other than inventory

    securities $1,190,000

  • 7b · Less cost or other basis and sales expenses

    securities $1,225,991

  • 7c · Gain or loss

    securities -$35,991

  • 7d · Net gain or loss

    total -$35,991 · excluded -$35,991

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,617,582

  • 2 · Grants to domestic individuals

    total $39,000

  • 5 · Compensation of officers, directors and key employees

    total $10,800

  • 11a · Fees: management

    total $42,779

  • 11c · Fees: accounting

    total $12,900

  • 11f · Fees: investment management

    total $15,000

  • 13 · Office expenses

    total $3,245

  • 19 · Conferences, conventions and meetings

    total $48,844

  • 23 · Insurance

    total $4,221

  • 24a · Other expenses: COLLECTION OF FUNDS

    total $52,391

  • 24b · Other expenses: DONATION

    total $30,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $191,632 · end of year $90,535

  • 2 · Savings and temporary cash investments

    beginning of year $473,742 · end of year $84,799

  • 4 · Accounts receivable

    beginning of year $103,016 · end of year $99,227

  • 11 · Investments: publicly traded securities

    beginning of year $4,177,380 · end of year $4,399,188

  • 17 · Accounts payable and accrued expenses

    beginning of year $179,758 · end of year $141,954

  • 27 · Net assets without donor restrictions

    beginning of year $4,766,012 · end of year $4,531,795

Mission and programs · 2023

Mission

TO ADDRESS INDUSTRY WIDE ISSUES AFFECTING THE MASSACHUSETTS CONTRUCTION INDUSTRY FOR THE MUTUAL BENEFIT OF PROPERTY OWNERS, THE PUBLIC, CONTRACTORS AND THEIR EMPLOYEES.

Activities or mission (Part I)

TO ADDRESS INDUSTRY WIDE ISSUES AFFECTING THE MASSACHUSETTS CONSTRUCTION INDUSTRY FOR THE MUTUAL BENEFIT OF PROPERTY OWNERS, THE PUBLIC, CONTRACTORS AND THEIR EMPLOYEES

  • REIMBURSEMENT TO OTHER INDUSTRY ASSOCIATIONS FOR STAFF TIME AND LEGAL SERVICES DEVOTED TO MCAP PROGRAMS: BUILDING TRADES EMPLOYERS ASSOCIATION OF BOSTON AND EASTERN MASS AND ASSOCIATED GENERAL CONTRACTORS OF MASSACHUSETTS.

  • DIRECT PROGRAM EXPENSES ASSOCIATED WITH EDUCATION, SAFETY AND OTHER INDUSTRY ISSUES. MCAP ALSO PROVIDES GRANTS TO OTHER NONPROFIT ASSOCIATIONS FOR EDUCATION AND SAFETY TRAINING.

As filed on the 2023 return.

Listed in Part VII

  • William Morash

    TRUSTEE/CHAIRMAN

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Thomas Steeves

    TRUSTEE/SEC TREASURER

    Total calculated
    $4,300
    From this org
    $4,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brian Baynes

    TRUSTEE

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rodney Frias

    TRUSTEE

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Thomas Gunning

    TRUSTEE

    Total calculated
    $16,600
    From this org
    $16,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Maureen Kirkpatrick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Sanchez

    TRUSTEE

    Total calculated
    $4,600
    From this org
    $4,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202442999349301659

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