Globe Newspaper Co & Newspaper FY2020 filing

Not tax-deductible

Boston, MAMutual-benefit / member-servingEIN 04-2775729Revenue $1.8M in FY2020

On file with the IRS1 Exchange Pl Ste 201, 02109-2132 · Boston, MATax-exempt since May 1983

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Employee benefit plan offering medical, dental, vision, life, disability benefits and prepaid legal services to eligible employees

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $188K a year · 10% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$363K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
Spent
$2.5M
To programs
0%
Net assets
$850K
By yearFY2020–FY2025
Revenue
$1.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.8M
FY2021$2.2M
FY2022$1.9M
FY2023$1.9M
FY2024$1.8M
FY2025$2.0M
Expenses
$2.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.3M
FY2022$2.1M
FY2023$2.0M
FY2024$1.9M
FY2025$1.9M
Net assets
$850K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$850K
FY2021$949K
FY2022$656K
FY2023$486K
FY2024$398K
FY2025$470K

From the FY2020 Form 990 (year ending March 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1983.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Globe Newspaper Co & Newspaper executive salaries →

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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 15aNo

Programs and updates

Provides medical, dental, vision, life, disability, and legal benefits to eligible employees.

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Provided by the organization

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1 program · in their own filed words · FY2019
01

The fund provides medical, dental, vision, life insurance, AD&D and group legal benefits to its members. There are currently 99 members.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$36K
Money outPt IX
$2.5M
Ln 25
Owns and owesPt X
$850K
net assets · Ln 32
Cash and savingsLn 1–2$283K
Total assetsLn 16$1.2M
LiabilitiesLn 26$363K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$36K
Gains on assetsLn 7$195
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$283K
Cash and savings togetherLn 1–2$283K
InvestmentsLn 11–13$924K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.2M
LiabilitiesLn 26$363K
Net assetsLn 32$850K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$602K$283K
InvestmentsLn 11–13$834K$924K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.6M$1.2M
LiabilitiesLn 26$71K$363K
Net assetsLn 32$1.6M$850K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$2.4M
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$13K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$11K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$13K
All other expensesLn 24e$0
Total functional expensesLn 25$2.5M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$1.9M$71K$470K 990 PDF
FY2024 $1.8M$1.9M−$113K$398K 990 PDF
FY2023 $1.9M$2.0M−$127K$486K 990 PDF
FY2022 $1.9M$2.1M−$237K$656K 990 PDF
FY2021 $2.2M$2.3M−$101K$949K 990 PDF
FY2020 Viewing $1.8M$2.5M−$621K$850K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,833,445 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $760,612$1,796,956
I-10 Investment incomePrior year $118,579$36,489
I-11 Other revenue$0
I-12 Total revenuePrior year $879,191$1,833,445
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $2,485,268$2,416,944
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $73,666$37,829
I-18 Total expensesPrior year $2,558,934$2,454,773
I-19 Revenue less expensesPrior year −$1,679,743−$621,328
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,833,445 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,796,956$1,796,956
VIII-3 Investment incomeExcluded from tax $36,294$36,294
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $195$195
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,796,956 · Excluded from tax $36,489$1,833,445
Part IX · Statement of functional expenses $2,454,773 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$2,416,944
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$13,375
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$11,492
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)$12,962
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$2,454,773
Part X · Balance sheet $1,213,583 assets, 18 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $602,297$283,200
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $42,877$6,300
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $169,240$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $834,075$924,083
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,648,489$1,213,583
X-17 Accounts payable and accrued expensesStart of year $70,652$295,107
X-19 Deferred revenue$68,055
X-26 Total liabilitiesStart of year $70,652$363,162
X-32 Total net assets or fund balancesStart of year $1,577,837$850,421
X-33 Total liabilities and net assetsStart of year $1,648,489$1,213,583
Part XI · Reconciliation of net assets $850,421 net assets at year end
XI-1 Total revenue$1,833,445
XI-2 Total expenses$2,454,773
XI-3 Revenue less expenses−$621,328
XI-4 Net assets at start of year$1,577,837
XI-5 Net unrealized gains (losses) on investments−$106,088
XI-10 Net assets at end of year$850,421

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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