Nonprofit · EIN 04-3267680
PROFESSIONAL LIABILITY FOUNDATION LTD
Tax-exempt · WALTHAM, MA 02451
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $145,008 | $126,473 | $18,535 | $291,841 | $6,650 | $285,191 |
| December 31, 2023 | 990 | $145,012 | $121,946 | $23,066 | $278,556 | $11,900 | $266,656 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $145,000
- Membership dues
- $145,000
- Program service revenue
- $0
- Investment income
- $8
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $70,000
- Salaries, compensation and benefits (total)
- $70,000
- Professional fundraising fees
- $0
- Legal fees
- $10,855
- Accounting fees
- $6,500
Balance sheet and other
- Total assets, start of year
- $278,556
- Total assets, end of year
- $291,841
- Total liabilities, end of year
- $6,650
- Net assets, end of year
- $285,191
- Net assets without donor restrictions
- $285,191
- Gross receipts
- $145,008
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1995
- 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 |
|---|---|---|---|
| EDWARD BRENNAN JR | EXECUTIVE DIRECTOR Officer | 40 | $70,000 |
| ELIZABETH CUSHING | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| STEPHANIE SHEPS | VICE CHAIRMAN Trustee or director, Officer | 5 | $0 |
| MICHAEL SROCZYNSKI | TREASURER Trustee or director, Officer | 5 | $0 |
| TIMOTHY E SLOWICK | SECRETARY Trustee or director, Officer | 5 | $0 |
| MARYBETH FERRARINI | DIRECTOR Trustee or director | 5 | $0 |
| WILLIAM FRANK | DIRECTOR Trustee or director | 5 | $0 |
| SCOTT FRIEDMAN | DIRECTOR Trustee or director | 5 | $0 |
| JENNIFER HYLEMAN | DIRECTOR Trustee or director | 5 | $0 |
| ROBIN MCNIFF | DIRECTOR Trustee or director | 5 | $0 |
| MARK REYNOLDS | DIRECTOR Trustee or director | 5 | $0 |
| BRENDA RICHARDSON | DIRECTOR Trustee or director | 5 | $0 |
| CATHERINE RODRIGUEZ | DIRECTOR Trustee or director | 5 | $0 |
| JENNIFER TOLKOFF | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EDWARD BRENNAN JR | EXECUTIVE DIRECTOR Trustee or director | 40 | $70,000 |
| ELIZABETH CUSHING | CHAIRMAN Trustee or director | 5 | $0 |
| STEPHANIE SHEPS | VICE CHAIRMAN Trustee or director | 5 | $0 |
| CHARLES ALAGERO | TREASURER Trustee or director | 5 | $0 |
| TIMOTHY E SLOWICK | SECRETARY Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 860 WINTER ST, WALTHAM, MA 02451-1449
- In care of
- % WILLIAM RYDER
- Principal officer (990 for 2024)
- EDWARD J BRENNAN, 80 WASHINGTON STREET SUITE O-53, NORWELL, MA 02061
- Signed the 990
- EDWARD BRENNAN JR, EXECUTIVE DIRECTOR
- Phone
- (781) 982-9143
- Return prepared by
- WALD & COMPANY PC
Mission
NONE
Program accomplishments
- ADVOCATE REFORM OF THE CURRENT TORT LAW SYSTEM AS IT AFFECTS MEDICAL SERVICE PROVIDERS, REFORM OF THE PROFESSIONAL LIABILITY INSURANCE SYSTEM AND IMPROVEMENT OF THE OPERATING CONDITIONS OF MEMBER MEDICAL SERVICE PROVIDERS
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
- 04-3267680
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $291,841
- Income (IRS master file)
- $145,008
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $145,008 | $126,473 | $291,841 | XML |
| 990 | December 2023 | $145,012 | $121,946 | $278,556 | XML |
| 990 | December 2022 | $145,012 | $129,495 | $254,990 | IRS |
| 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 04-3267680).
Questions about PROFESSIONAL LIABILITY FOUNDATION LTD
- What is the EIN of PROFESSIONAL LIABILITY FOUNDATION LTD?
- The employer identification number (EIN) of PROFESSIONAL LIABILITY FOUNDATION LTD is 04-3267680.
- Is PROFESSIONAL LIABILITY FOUNDATION LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
- Are donations to PROFESSIONAL LIABILITY FOUNDATION LTD tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PROFESSIONAL LIABILITY FOUNDATION LTD 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 PROFESSIONAL LIABILITY FOUNDATION LTD 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 PROFESSIONAL LIABILITY FOUNDATION LTD 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 PROFESSIONAL LIABILITY FOUNDATION LTD?
- The 990 for the year ended December 31, 2024 names EDWARD J BRENNAN.
- Who are the officers and directors of PROFESSIONAL LIABILITY FOUNDATION LTD?
- The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $70,000 (EDWARD BRENNAN JR, EXECUTIVE DIRECTOR).
- How much revenue does PROFESSIONAL LIABILITY FOUNDATION LTD have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $145,008, expenses of $126,473 and total assets of $291,841 at year end.
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