2024-10-31T10:02:04-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2023-01-01 042374190 THE HUNDRED CLUB OF MASS INC HUND 6175364410 25 BRAINTREE HILL OFFICE PK 200 BRAINTREE MA 02184 JOSEPH F ABELY CHAIRMAN 6175364410 2024-10-30 1 1 MATTHEW KALIL CPA MBA P01517069 9785575300 2024-10-30 2023 2024-10-15 13:58:12Z PETER H SMYTH 25 BRAINTREE HILL OFFICE PK 200 BRAINTREE MA 02184 1179168 0 X 100CLUBMASS.ORG X 1959 MA PROVIDING BENEFITS TO THE SURVIVING SPOUSES AND DEPENDENTS OF POLICE, COURT AND FIRE PERSONNEL EMPLOYED BY THE COMMONWEALTH OF MASSACHUSETTS, OR BY A COUNTY, CITY, TOWN, OR OTHER POLITICAL SUBDIVISION OR AGENCY THEREOF. 16 16 1 0 0 0 772113 766479 0 0 1592054 264430 0 0 2364167 1030909 611479 478142 0 0 90678 96025 0 0 183957 275266 378593 977423 952760 1386744 78149 9544678 10347351 374302 126861 9170376 10220490 X PROVIDING BENEFITS TO THE SURVIVING SPOUSES AND DEPENDENTS OF POLICE, COURT AND FIRE PERSONNEL EMPLOYED BY THE COMMONWEALTH OF MASSACHUSETTS, OR BY A COUNTY, CITY, TOWN, OR OTHER POLITICAL SUBDIVISION OR AGENCY THEREOF. 0 1 370000 370000 PROVIDING LUMP SUM AND MEMORIAL FUND DISTRIBUTIONS TO THE SURVIVING SPOUSES AND DEPENDENTS. 241070 FUNCTIONS AND OTHER BENEFITS PROVIDED TO BENEFICIARIES. 108142 108142 PROVIDING FINANCIAL ASSISTANCE FOR A VARIETY OF ACTIVITIES AND COLLEGE TUITION FOR DEPENDENTS OF SURVIVING SPOUSES, AND COUNSELING FOR ALL BENEFICIARIES. 719212 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X YVETTE FERNANDEZ 6175364410 25 BRAINTREE HILL OFFICE PK 200 BRAINTREE MA 02184 X C RICHARD CARLSON DIRECTOR 1.50 X 0 0 0 N SCOTT KNIGHT DIRECTOR 1.00 X 0 0 0 CAROL SAWYER PARKS DIRECTOR 1.00 X 0 0 0 MAJ GEN RET JOSEPH C CARTER DIRECTOR 1.00 X 0 0 0 KEVIN C PHELAN DIRECTOR 1.00 X 0 0 0 JOSEPH P CAMPANELLI DIRECTOR 1.00 X 0 0 0 SEAN MCGRATH DIRECTOR 1.00 X 0 0 0 DANIEL F CONLEY DIRECTOR 1.00 X 0 0 0 JOHN T ANDREOLI MBA CPCU LIA DIRECTOR (SINCE FEB 2023) 1.00 X 0 0 0 JOSEPH E FINN DIRECTOR 1.00 X 0 0 0 CLAYTON TURNBULL DIRECTOR 1.00 X 0 0 0 JAY CALNAN DIRECTOR 1.00 X 0 0 0 JOSEPH F ABELY CHAIRMAN 10.00 X X 0 0 0 BERNADETTE HAYNES TREASURER/DIRECTOR 1.50 X X 0 0 0 PETER H SMYTH PRESIDENT/DIRECTOR 5.50 X X 0 0 0 HENRY A SULLIVAN CLERK/DIRECTOR 1.50 X X 0 0 0 0 0 0 0 0 0 0 0 261083 505396 766479 193371 193371 219318 148259 71059 71059 71059 1030909 0 0 264430 478142 478142 89227 62459 4461 22307 6798 4759 340 1699 42756 42756 118955 118955 16283 11397 815 4071 24378 17064 1219 6095 FUNCTIONS AND AND OTHER 142093 142093 FUNDRAISING DATABASE AN 30830 30830 OTHER EXPENSES 3298 3298 952760 719212 49591 183957 305737 67507 284957 290003 33345 7973 29295 29295 0 0 8920639 9981868 9544678 10347351 42888 51861 331414 75000 374302 126861 X 5732516 6323308 3437860 3897182 9170376 10220490 9544678 10347351 78149 971965 0 X X 0 1 X 1 0 X 817251 797706 442727 772113 766479 3596276 817251 797706 442727 772113 766479 3596276 50079 3546197 211941 207210 163969 123262 193371 899753 4496029 0.78870 0.78220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3292155 467794 3759949 3980191 -548036 140000 3292155 3641636 465555 127000 3980191 3526427 191759 76550 3641636 3070110 580971 124654 3526427 1.00000 0 0 29295 29295 0 0 X 2002874 971965 971965 1030909 0 1030909 952760 0 952760 0 952760 PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO PROVIDE BENEFITS TO THE SURVIVING SPOUSES AND DEPENDENTS OF POLICE OFFICERS AND FIREFIGHTERS WHO HAVE LOST THEIR LIVES IN THE LINE OF DUTY DURING THE YEAR. THE ORGANIZATION ALSO PROVIDES CASH GRANTS TO SURVIVING SPOUSES AND DEPENDENT CHILDREN OF POLICE OFFICERS AND FIREFIGHTERS WHO HAVE DIED WHILE SO EMPLOYED IN CIRCUMSTANCES THAT ARE CLASSIFIED AS NON LINE-OF-DUTY. PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. AS OF DECEMBER 31, 2023 MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENTS OF ACTIVITIES. THE ORGANIZATION HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF DECEMBER 31, 2023. THE ORGANIZATION DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT 12 MONTHS. 1 LUMP-SUM DISTRIBUTIONS TO SURVIVING SPOUSES AND CHILDREN 45 370000 FMV FINANCIAL ASSISTANCE TO CHILDREN OF SURVIVING SPOUSES FOR A VARIETY OF ACTIVITIES, COUNSELING, AND COLLEGE TUITION 10 108142 FMV FORM 990, PART III, LINE 3 THE APPROPRIATION OF ENDOWMENT ASSETS FOR EXPENDITURE REPRESENTS PAYMENTS TO FAMILIES OF FIRST RESPONDERS WHO PASS AWAY IN THE LINE OF DUTY. PRIOR TO 2023, ANNUALLY, THE BOARD OF DIRECTORS WOULD DETERMINE THE AMOUNT BASED ON THE AVERAGE OF THE ENDOWMENT FOR THE PREVIOUS 12 QUARTERS. THE BOARD OF DIRECTORS VOTED TO ACCRUE FOR DISTRIBUTIONS AT 4% OF THE AVERAGE OF THE ENDOWMENT FOR THE PREVIOUS 12 QUARTERS OF THE YEAR ENDED DECEMBER 31, 2022. IN 2023, THE ORGANIZATION OBTAINED APPROVAL OF THE ATTORNEY GENERAL AND THE SUPREME JUDICIAL COURT TO CHANGE HOW PAYMENTS ARE CALCULATED TO TAKE INTO ACCOUNT PRIOR EXPERIENCE, PROVIDED THAT PAYMENTS APPROXIMATE THE NET INCOME OF THE MEMORIAL FUND OVER TIME. FOR THE YEAR ENDED DECEMBER 31, 2023, THAT AMOUNT WAS SET AT $25,000 PER SPOUSE AND DEPENDENT. IN THE FUTURE, THE ORGANIZATION WILL PERIODICALLY CHECK TO MAKE SURE THAT CUMULATIVE PAYOUTS FROM THE MEMORIAL FUND ARE IN LINE WITH THE CUMULATIVE NET INCOME, AS WELL AS TO ENSURE THAT DISTRIBUTIONS WILL NOT BE MADE IN A MANNER THAT WILL DECREASE THE MEMORIAL FUND BELOW ITS INITIAL FUNDING AMOUNT. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE AUDIT COMMITTEE. A DRAFT OF THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE DIRECTORS ARE ASKED TO SIGN AN ANNUAL AFFIRMATION RE CONFLICT OF INTEREST POLICY THAT REAFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAVE READ AND UNDERSTAND IT, AND AGREES TO COMPLY WITH IT. IN ADDITION EACH DIRECTOR IS ASKED TO SIGN AN INTERNAL QUESTIONNAIRE FOR IRS FORM 990 COMPLIANCE, PART OF WHICH RELATES TO CONFLICT OF INTEREST QUESTIONS. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION WAS INCORPORATED IN 1959, PRIOR TO FORM 1023 AND THEREFORE DID NOT FILE WITH THE IRS FOR TAX EXEMPT STATUS. THE ORGANIZATION DID RECEIVE A DETERMINATION LETTER FROM THE IRS. THIS DOCUMENT AND THE 990 ARE AVAILABLE FOR INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990; PART XII; LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANTS. THIS PROCESS HAS NOT CHANGED DURING THE YEAR.