LIFE INSURANCE ASSOCIATION OF MASSACHUSETTS INC

Address
20 PARK PLAZA No 630
BOSTON, MA 02116
Contact
Phone: +1 (617) 375-9200
Nonprofit
NTEE: Y20 - Insurance Providers, Services
EIN: 23-7431257

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.
 20162015201420132012
Basic features of the organization
Year of formation1974
Subsection code06
PF filing required0    
Metropolitan statistical area1123
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$500,247.00$480,759.00$464,460.00$466,583.00$423,811.00
Sum of reportable (W2/1099) compensation$500,247.00$480,759.00$502,982.00$466,583.00$423,811.00
Number of employees33445
Number of people compensated >$100k22222
Number of volunteers00000
Number of highly compensated contractors0000 
Personnel
Boyle, James
Title   DIRECTORDIRECTOR
Name of key/compensated person   JAMES BOYLEJAMES BOYLE
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Bromley, Craig
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personCRAIG BROMLEYCRAIG BROMLEYCRAIG BROMLEY  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Crandall, Roger
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personROGER W CRANDALLROGER W CRANDALLROGER W CRANDALLROGER W CRANDALLROGER W CRANDALL
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Dillon, Luke
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personLUKE DILLONLUKE DILLONLUKE DILLONLUKE DILLONLUKE DILLON
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$316,383.00$310,131.00$311,320.00$301,805.00$277,261.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Dinsmore, Gordon
TitleDIRECTORDIRECTOR   
Name of key/compensated personGORDON DINSMOREGORDON DINSMORE   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Erickson, Jenny
TitleSECRETARYSECRETARYSECRETARYSECRETARYSECRETARY
Name of key/compensated personJENNY A ERICKSONJENNY A ERICKSONJENNY A ERICKSONJENNY A ERICKSONJENNY A ERICKSON
Position of compensated person
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$183,864.00$170,628.00$191,662.00$164,778.00$146,550.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Kandarian, Steven
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personSTEVEN A KANDARIANSTEVEN A KANDARIANSTEVEN A KANDARIANSTEVEN A KANDARIANSTEVEN A KANDARIAN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Long, David
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personDAVID LONGDAVID LONGDAVID LONGDAVID LONGDAVID LONG
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
McKenney, Richard
TitleDIRECTORDIRECTOR   
Name of key/compensated personRICHARD P MCKENNEYRICHARD P MCKENNEY   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Morgan, James
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personJAMES A MORGANJAMES A MORGANJAMES A MORGAN  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Mulligan, Deanna
Title  DIRECTORDIRECTORDIRECTOR
Name of key/compensated person  DEANNA MULLIGANDEANNA MULLIGANDEANNA MULLIGAN
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Petry, Paul
Title   CHAIRMAN, DIRECTORCHAIRMAN, DIRECTOR
Name of key/compensated person   PAUL E PETRYPAUL E PETRY
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Pinkerton, Christopher
Title   DIRECTORDIRECTOR
Name of key/compensated person   CHRISTOPHER K PINKERTONCHRISTOPHER K PINKERTON
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Quaranto, Paul
TitleCHAIRMANCHAIRMANCHAIRMAN  
Name of key/compensated personPAUL A QUARANTO JRPAUL A QUARANTO JRPAUL A QUARANTO JR  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Quinn, Sean
Title TREASURERTREASURER  
Name of key/compensated person SEAN QUINNSEAN QUINN  
Position of compensated person
Average hours per week working for org 2.002.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Rasch, Kevin
TitleTREASURER    
Name of key/compensated personKEVIN RASCH    
Position of compensated person
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Samoluk, Thomas
Title    CHAIRMAN, EXEC COMMITTEE
Name of key/compensated person    THOMAS E SAMOLUK
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    2.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Scavongelli, Peter
Title   TREASURERTREASURER
Name of key/compensated person   PETER SCAVONGELLIPETER SCAVONGELLI
Position of compensated person
Average hours per week working for org   2.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Watjen, Thomas
Title  DIRECTORDIRECTORDIRECTOR
Name of key/compensated person  THOMAS R WATJENTHOMAS R WATJENTHOMAS R WATJEN
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHE 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.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.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.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.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.
Programs, including revenue & expenses
THE ASSOCIATION ADVISES AND AIDS THE INSURANCE INDUSTRY ON STATE REGULATORY AND LEGISLATIVE MATTERS.
Program descriptionTHE ASSOCIATION ADVISES AND AIDS THE INSURANCE INDUSTRY ON STATE REGULATORY AND LEGISLATIVE MATTERS.THE ASSOCIATION ADVISES AND AIDS THE INSURANCE INDUSTRY ON STATE REGULATORY AND LEGISLATIVE MATTERS.THE ASSOCIATION ADVISES AND AIDS THE INSURANCE INDUSTRY ON STATE REGULATORY AND LEGISLATIVE MATTERS.THE ASSOCIATION ADVISES AND AIDS THE INSURANCE INDUSTRY ON STATE REGULATORY AND LEGISLATIVE MATTERS.THE ASSOCIATION ADVISES AND AIDS THE INSURANCE INDUSTRY ON STATE REGULATORY AND LEGISLATIVE MATTERS.
Financial data
Revenue
Total revenue$850,487.00$850,480.00$850,480.00$837,280.00$879,280.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$0.00$0.00$0.00$0.00$0.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$7.00$0.00$0.00$0.00$0.00
Other revenue, current yr$7.00$0.00$0.00$0.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$850,480.00$850,480.00$850,480.00$837,280.00$879,280.00
Gross receipts$850,487.00$850,480.00$850,480.00$837,280.00$879,280.00
Other types of revenue
Miscellaneous revenue (total)$7.00    
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$844,697.00$826,454.00$791,149.00$800,153.00$815,931.00
Fees for services
Lobbying fees (total)$54,000.00$51,500.00$49,993.00$50,000.00$50,000.00
Legal fees (total)   $2,280.00 
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$530,973.00$622,285.00$537,504.00$568,922.00$605,497.00
Total assets, beginning of year$622,285.00$537,504.00$568,922.00$605,497.00$631,779.00
Total liabilities$324,406.00$421,509.00$360,754.00$451,503.00$525,205.00
Total liabilities, beginning of year$421,509.00$360,754.00$451,503.00$525,205.00$614,836.00
Unrestricted net assets, end of yr$206,567.00$200,776.00$176,750.00$117,419.00$80,292.00
Net assets$206,567.00$200,776.00$176,750.00$117,419.00$80,292.00
Net assets, beginning of year$200,776.00$176,750.00$117,419.00$80,292.00$16,943.00
Other assets$10,320.00$10,320.00$10,320.00$10,320.00 
Cash: non-interest bearing$510,430.00$607,206.00$520,570.00$546,975.00$596,225.00
Cash: non-interest bearing, beginning of year$607,206.00$520,570.00$546,975.00$596,225.00$619,452.00
Other financial variables
Revenue less expenses$5,790.00$24,026.00$59,331.00$37,127.00$63,349.00
Prepaid expenses & deferred charges$2,405.00$2,405.00$2,405.00$6,547.00$2,688.00
Accounts payable & accrued expenses$75,766.00$73,269.00$72,114.00$68,663.00$82,165.00
Deferred revenue$248,640.00$348,240.00$288,640.00$382,840.00$443,040.00
Total net assets or fund balances$206,567.00$200,776.00$176,750.00$117,419.00$80,292.00
Depreciation, depletion, amortization$3,067.00$1,855.00$1,111.00$1,674.00$1,725.00
Governance and accountability
Number of voting members98888
Number of independent voting members98888
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Business transaction with entity ownerTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address change    True
Date e-filing submitted2017-10-182017-01-052015-10-142014-10-222014-01-14
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.1
Filing identifier201742229349301264201622509349300517201522749349300347201431719349300623201303059349301060
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