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Leadingage Massachusetts INC

Not tax-deductible

Newton, MA501(c)(6)Mutual / membership EIN 04-2519931Revenue $889K in FY2024Latest return filed Jul 29, 2025

On file with the IRSleadingagema.orgNewton, MATax-exempt since Feb 1976

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The mission of Leadingage Massachusetts is to expand the world of possibilities for aging.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2519931) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 14 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $87K a year · 11% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$345K
to officers and key staff · 44% of spending
Pay to officers and key staff is 44% of spending.
Part VII, Section A
Cash reserves
8.0 mo
of spending, in cash
Plus $942K in investments, Pt X · Ln 11–13
8.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$127K
8% of total assets
Liabilities are 8% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$889K
+12% vs prior year
Spent
$790K
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$889K
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$645K
FY2021$691K
FY2022$787K
FY2023$796K
FY2024$889K
Expenses
$790K
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$593K
FY2021$597K
FY2022$699K
FY2023$692K
FY2024$790K
Net assets
$1.4M
FY2024▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$1.1M
FY2023$1.3M
FY2024$1.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

18 people listed on the 990; $345K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$238,747Pt VII · Sec A
Sarah Lacasse
Vice President
$106,125Pt VII · Sec A
Nicole Breslin
Immediate Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elissa Sherman$238,747$227,230$216,849$223,210$202,647
Sarah Lacasse$106,125————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Leadingage Massachusetts INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Expands possibilities for aging adults through innovative programs and advocacy.

Questions for Leadingage Massachusetts INC

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3 programs · in their own filed words · FY2024
01

Public Policy

Public policy includes all of the activities undertaken by the association to analyze, communicate about, and work to influence public policy related to aging services. Such activities include attending and participating in meetings, working groups, and advisory council meetings with state agency representatives on policy matters…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2519931) · Dispute this line
Pt IX · Ln 25 · col B
02

Membership

All activities designed to help leadingage ma members access information, knowledge, and resources to help them advance the work of their organizations. Such activities include responding to member inquiries, developing and communicating with members about available tools and resources to support their organizations, all member…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2519931) · Dispute this line
Pt IX · Ln 25 · col B
03

Education

Education includes all activities related to the development AND/OR scheduling of programs offered by the association to members and other interested individuals and organizations intended to advance the knowledge and information of aging service providers.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-2519931) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$889K
Ln 12
Fees for servicesLn 2g$842K
Investment incomeLn 3$45K
Other incomeLn 4–11$2K
Money outPt IX
$790K
Ln 25
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$525K
Total assetsLn 16$1.5M
LiabilitiesLn 26$127K
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$842K
Investment incomeLn 3$45K
Other incomeLn 4–11$2K
Gains on assetsLn 7−$7K
Total revenueLn 12$889K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$502K
Cash and savings togetherLn 1–2$525K
Accounts receivableLn 4$772
Prepaid expenses and deferred chargesLn 9$11K
Land, buildings, equipmentLn 10c$6K
InvestmentsLn 11–13$942K
Intangible assetsLn 14$13K
Other assetsLn 15$34K
Total assetsLn 16$1.5M
LiabilitiesLn 26$127K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 53
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$438K$525K
InvestmentsLn 11–13$878K$942K
Land, buildings, equipmentLn 10c$4K$6K
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$148K$127K
Net assetsLn 32$1.3M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$269K
Other salaries and wagesLn 7$184K
Pension plan contributionsLn 8$5K
Other employee benefitsLn 9$9K
Payroll taxesLn 10$28K
Accounting feesLn 11c$32K
Lobbying feesLn 11d$24K
Investment management feesLn 11f$9K
Other fees for servicesLn 11g$10K
Office expensesLn 13$4K
Information technologyLn 14$15K
OccupancyLn 16$43K
TravelLn 17$13K
Conferences, conventions and meetingsLn 19$135K
Depreciation, depletion and amortizationLn 22$2K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$4K
Total functional expensesLn 25$790K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Jul 29, 2025 $889K$790K$98K$1.4M 990 PDF
FY2023Filed with the IRS Aug 27, 2024 $796K$692K$104K$1.3M 990 PDF
FY2022Filed with the IRS Oct 20, 2023 $787K$699K$88K$1.1M 990 PDF
FY2021Filed with the IRS Nov 3, 2022 $691K$597K$94K$1.1M 990 PDF
FY2020Filed with the IRS Sep 29, 2021 $645K$593K$52K$1.0M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $888,654 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $749,127$842,055
I-10 Investment incomePrior year $43,551$45,069
I-11 Other revenuePrior year $3,592$1,530
I-12 Total revenuePrior year $796,270$888,654
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $447,070$495,106
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $245,075$295,319
I-18 Total expensesPrior year $692,145$790,425
I-19 Revenue less expensesPrior year $104,125$98,229
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $888,654 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $842,055$842,055
VIII-3 Investment incomeExcluded from tax $52,308$52,308
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$7,239−$7,239
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,530$1,530
VIII-12 Total revenueRelated to mission $842,055 · Unrelated business $0 · Excluded from tax $46,599$888,654
Part IX · Statement of functional expenses $790,425 across 17 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)$268,964
IX-7 Other salaries and wages$184,403
IX-8 Pension plan contributions$4,597
IX-9 Other employee benefits$9,414
IX-10 Payroll taxes$27,728
IX-11c Accounting fees$31,891
IX-11d Lobbying fees$24,000
IX-11f Investment management fees$9,085
IX-11g Other fees for services$10,119
IX-13 Office expenses$4,095
IX-14 Information technology$14,927
IX-16 Occupancy$43,035
IX-17 Travel$13,383
IX-19 Conferences, conventions and meetings$134,851
IX-22 Depreciation, depletion and amortization$1,793
IX-23 Insurance$4,363
IX-24 Other expenses (24a–d)$3,777
IX-25 Total functional expenses$790,425
Part X · Balance sheet $1,532,379 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $72,242$23,517
X-2 Savings and temporary cash investmentsStart of year $365,415$501,588
X-4 Accounts receivableStart of year $4,085$772
X-9 Prepaid expenses and deferred chargesStart of year $1,747$11,150
X-10c Land, buildings and equipment, netStart of year $3,715$6,122
X-12 Other securitiesStart of year $877,614$942,172
X-14 Intangible assetsStart of year $12,625$12,625
X-15 Other assetsStart of year $63,097$34,433
X-16 Total assetsStart of year $1,400,540$1,532,379
X-17 Accounts payable and accrued expensesStart of year $64,369$76,848
X-19 Deferred revenueStart of year $22,475$18,975
X-25 Other liabilitiesStart of year $60,680$31,207
X-26 Total liabilitiesStart of year $147,524$127,030
X-27 Net assets without donor restrictionsStart of year $1,253,016$1,405,349
X-32 Total net assets or fund balancesStart of year $1,253,016$1,405,349
X-33 Total liabilities and net assetsStart of year $1,400,540$1,532,379
Part XI · Reconciliation of net assets $1,405,349 net assets at year end
XI-1 Total revenue$888,654
XI-2 Total expenses$790,425
XI-3 Revenue less expenses$98,229
XI-4 Net assets at start of year$1,253,016
XI-5 Net unrealized gains (losses) on investments$54,104
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,405,349

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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