Nonprofit · EIN 23-7431257
LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS INC
Tax-exempt · CANTON, MA 02021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $836,350 | $710,239 | $126,111 | $350,343 | $73,594 | $276,749 |
| December 31, 2023 | 990 | $937,960 | $934,805 | $3,155 | $305,180 | $154,542 | $150,638 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $835,920
- Investment income
- $430
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $441,241
- Salaries, compensation and benefits (total)
- $543,552
- Professional fundraising fees
- $0
- Accounting fees
- $17,526
- Occupancy
- $6,235
- Travel
- $5,942
- Program services (functional)
- $655,793
- Management and general (functional)
- $54,446
Balance sheet and other
- Total assets, start of year
- $305,180
- Total assets, end of year
- $350,343
- Total liabilities, end of year
- $73,594
- Net assets, end of year
- $276,749
- Net assets without donor restrictions
- $276,749
- Gross receipts
- $836,350
- Employees
- 2
- Volunteers
- 0
- Year formed
- 1974
- 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 |
|---|---|---|---|
| JENNY A ERICKSON | PRES/CEO - FORMER Officer | 40 | $396,548 |
| ED DONAHUE | PRESIDENT CEO Trustee or director, Officer | 40 | $0 |
| DOMINICK IANNO | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| KERRI CUTRY | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| UMBERTO SPERANZA | DIRECTOR Trustee or director | 1 | $0 |
| ERIC DUPONT | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS SAMOLUK | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW REGAN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUKE DILLON | PRESIDENT Officer | 40 | $348,563 |
| JENNY A ERICKSON | SECRETARY Officer | 40 | $218,690 |
| DOMINICK IANNO | TREASURER Trustee or director, Officer | 1 | $0 |
| ROGER CRANDELL | DIRECTOR Trustee or director | 1 | $0 |
| BROOKS TINGLE | DIRECTOR Trustee or director | 1 | $0 |
| LARRY HAZARD | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD P MCKENNEY | DIRECTOR Trustee or director | 1 | $0 |
| PAUL QUARANTO JR | DIRECTOR Trustee or director | 1 | $0 |
| JAMES MORGAN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 120 ROYALL ST, CANTON, MA 02021-1028
- In care of
- % EDWARD DONAHUE
- Principal officer (990 for 2024)
- ED DONAHUE, 20 PARK PLAZA SUITE 630, BOSTON, MA 02116
- Signed the 990
- ED DONAHUE, PRESIDENT
- Phone
- (617) 375-9200
- Website
- WWW.LIAM.ORG
- Return prepared by
- DAMIANO BURK & NUTTALL PC
Mission
THE LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS REPRESENTS ITS COLLECTIVE MEMBERSHIP AND ADVOCATES POSITIONS THAT ESTABLISH AND MAINTAIN A FAVORABLE BUSINESS CLIMATE IN WHICH MEMBER COMPANIES CAN PROSPER
Program accomplishments
- THE ASSOCIATION ADVISES AND AIDS THE INSURANCE INDUSTRY ON STATE REGULATORY AND LEGISLATIVE MATTERS.Expenses $655,793 · revenue $835,920
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
- 23-7431257
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $350,343
- Income (IRS master file)
- $836,350
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $836,350 | $710,239 | $350,343 | IRS |
| 990 | December 2023 | $937,960 | $934,805 | $305,180 | XML |
| 990 | December 2022 | $954,019 | $945,214 | $551,476 | 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 23-7431257).
Questions about LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS INC
- What is the EIN of LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS INC?
- The employer identification number (EIN) of LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS INC is 23-7431257.
- Is LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1975.
- Are donations to LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS 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 LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS 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 LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS 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 LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS INC?
- The 990 for the year ended December 31, 2024 names ED DONAHUE.
- Who are the officers and directors of LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $396,548 (JENNY A ERICKSON, PRES/CEO - FORMER).
- How much revenue does LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $836,350, expenses of $710,239 and total assets of $350,343 at year end.
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