Nonprofit · EIN 04-2755167
LAURENCE W GANNON BUILDING ASSOCIATION INC
Tax-exempt · LYNN, MA 01904
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $360,892 | $387,945 | -$27,053 | $40,004 | $183,925 | -$143,921 |
| December 31, 2023 | 990 | $322,819 | $350,902 | -$28,083 | $43,604 | $160,471 | -$116,867 |
| December 31, 2022 | 990 | $310,065 | $343,037 | -$32,972 | $78,275 | $167,059 | -$88,784 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $25,000
- of which government grants
- $25,000
- Program service revenue
- $21,100
- Investment income
- $0
- Net income from sales of inventory
- $314,792
- Other revenue
- $314,792
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $89,394
- Salaries, compensation and benefits (total)
- $89,394
- Professional fundraising fees
- $0
- Accounting fees
- $5,398
- Program services (functional)
- $387,945
Balance sheet and other
- Total assets, start of year
- $43,604
- Total assets, end of year
- $40,004
- Total liabilities, end of year
- $183,925
- Net assets, end of year
- -$143,921
- Net assets without donor restrictions
- -$143,921
- Gross receipts
- $682,692
- Employees
- 12
- Year formed
- 1980
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jason Newhall | Clerk Officer | 30 | $54,224 |
| Robert Cross | Director Trustee or director | 10 | $7,170 |
| Patricia Rodrick | Director Trustee or director | 1 | $1,200 |
| Joyce Agganis | Treasurer Officer | 1 | $1,200 |
| Paul Gorman | Director Trustee or director | 1 | $0 |
| Michael Trombley | President Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jason Newhall | Clerk Officer | 30 | $47,439 |
| Robert Cross | Director Trustee or director | 10 | $5,760 |
| Patricia Rodrick | Director Trustee or director | 1 | $1,200 |
| Joyce Agganis | Treasurer Officer | 1 | $1,200 |
| Paul Gorman | Director Trustee or director | 1 | $0 |
| Michael Trombley | President Officer | 1 | $0 |
990 for the year ended December 31, 2022: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jason Newhall | Clerk Officer | 30 | $47,016 |
| Robert Cross | Director Trustee or director | 10 | $4,992 |
| Paul Gorman | Director Trustee or director | 1 | $1,200 |
| Jane Fiste | Director Trustee or director | 1 | $1,200 |
| Michael Trombley | President Officer | 1 | $1,200 |
| Joyce Agganis | Treasurer Officer | 1 | $1,200 |
Address and contacts
- Address (IRS master file)
- 60 GREAT WOODS RD, LYNN, MA 01904-1645
- In care of
- % JASON NEWHALL
- Principal officer (990 for 2024)
- Michael Trombley, 2 Barbara Lane, Peabody, MA 01960
- Signed the 990
- JASON NEWHALL, Clerk
- Phone
- (781) 592-4529
- Return prepared by
- AA CPA Tax & Accounting PC
Mission
Furtherance of youth golf
Program accomplishments
- Furtherance of youth golf including improvements to golf course and building funded through the sale of beverages and bar activities.Expenses $387,945 · revenue $360,892
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2755167
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $40,004
- Income (IRS master file)
- $682,692
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $360,892 | $387,945 | $40,004 | XML |
| 990 | December 2023 | $322,819 | $350,902 | $43,604 | XML |
| 990 | December 2022 | $310,065 | $343,037 | $78,275 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2755167).
Questions about LAURENCE W GANNON BUILDING ASSOCIATION INC
- What is the EIN of LAURENCE W GANNON BUILDING ASSOCIATION INC?
- The employer identification number (EIN) of LAURENCE W GANNON BUILDING ASSOCIATION INC is 04-2755167.
- Is LAURENCE W GANNON BUILDING ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1982.
- Are donations to LAURENCE W GANNON BUILDING ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAURENCE W GANNON BUILDING ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAURENCE W GANNON BUILDING ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAURENCE W GANNON BUILDING ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAURENCE W GANNON BUILDING ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names Michael Trombley.
- Who are the officers and directors of LAURENCE W GANNON BUILDING ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 4 received compensation from the organization, the highest $54,224 (Jason Newhall, Clerk).
- How much revenue does LAURENCE W GANNON BUILDING ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $360,892, expenses of $387,945 and total assets of $40,004 at year end.
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