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MALDEN INDUSTRIAL AID SOCIETY C/O EASTERN BANK

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Tax-exempt status may be revoked

MALDEN INDUSTRIAL AID SOCIETY C/O EASTERN BANK

EIN 04-2104686 · Human Services N.E.C. (P99)

What they do

MALDEN INDUSTRIAL AID SOCIETY C/O EASTERN BANK

Before you give

Should I give to this charity?

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Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2018The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$75.24spent for every $100 of revenueRevenue covered expenses this year.
$16.76in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $11,502 for EASTERN BANK TRUST COMPANY (AGENT FOR TRUSTEE). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2018

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$86,644
Expenses$65,187
Annual surplus $21,457 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$86,644
Expenses$65,187
Assets$1,092,679
Income$385,479
Grants given$163,550
Average grant$6,542
Executive compensation (total)$11,129
Accounting fees$785
People

Leadership and board

Tax year 2018

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
EASTERN BANK TRUST COMPANYAGENT FOR TRUSTEE · 4 hrs/week $11,502

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (11)

EASTERN BANK TRUST COMPANYAGENT FOR TRUSTEE

AJ BRESLINPRESIDENT

CHARLES TOOMAJIANDIRECTOR

DARLENE JOYCEDIRECTOR

DEBORAH BURKEVICE PRESIDENT

DIANA JEONGDIRECTOR

ELEANOR CUSHINGPAST PRESIDENT

GEORGE SIMOPOULOSSECRETARY

HAIG YARDUMIANDIRECTOR

JOSEFINA SILVATREASURER

STEVE WISHOSKIDIRECTOR

About this charity

Location
605 BROADWAY LF 41, SAUGUS, MA 01906
County
Essex
In care of
JOSEFINA SILVA
Primary officer
JOSEFINA SILVA, TREASURER

How to reach them

Filing and classification

Latest tax year
2018
Tax period began
January 1, 2018
Return type
990PF
Tax preparer
RUCCI BARDARO & FALZONE PC
NTEE classification
Human Services N.E.C. (P99)
IRS tax category
Human Services N.E.C.
Grant-giving organization
Yes
Revocation date
May 15, 2022

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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