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Professional Liability Foundation Ltd

  • Waltham, MA
  • Tax-exempt since Sept. 1997
  • EIN: 04-3267680

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$145k (2023)

Expenses
$122k (2023)

Total Assets
$279k (2023)

Total Liabilities
$11.9k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$145,012
Expenses
$121,946
Net Income
$23,066
Net Assets
$266,656
Notable Sources of Revenue Percent of Total Revenue
Contributions $145,000
100.0%
Program Services $0
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $278,556
Total Liabilities $11,900
Net Assets $266,656
Compensation
Key Employees and Officers Compensation Related Other
Edward Brennan Jr (Executive Director) $70,000 $0 $0
Elizabeth Cushing (Chairman) $0 $0 $0
Stephanie Sheps (Vice Chairman) $0 $0 $0
Charles Alagero (Treasurer) $0 $0 $0
Timothy E Slowick (Secretary) $0 $0 $0
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Document Links

990
Filed on Nov. 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$145,012
Expenses
$129,495
Net Income
$15,517
Net Assets
$243,590
Notable Sources of Revenue Percent of Total Revenue
Contributions $145,000
100.0%
Program Services $0
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $254,990
Total Liabilities $11,400
Net Assets $243,590
Compensation
Key Employees and Officers Compensation Related Other
Edward Brennan Jr (Executive Director) $70,000 $0 $0
Elizabeth Cushing (Chairman) $0 $0 $0
Stephanie Sheps (Vice Chairman) $0 $0 $0
Charles Alagero (Treasurer) $0 $0 $0
Timothy E Slowick (Secretary) $0 $0 $0
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Document Links

990
Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$145,011
Expenses
$114,687
Net Income
$30,324
Net Assets
$228,073
Notable Sources of Revenue Percent of Total Revenue
Contributions $145,000
100.0%
Program Services $0
Investment Income $11
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $233,723
Total Liabilities $5,650
Net Assets $228,073
Compensation
Key Employees and Officers Compensation Related Other
Edward Brennan Jr (Executive Director) $70,000 $0 $0
Elizabeth Cushing (Chairman) $0 $0 $0
Stephanie Sheps (Vice Chairman) $0 $0 $0
Charles Alagero (Treasurer) $0 $0 $0
Timothy E Slowick (Secretary) $0 $0 $0
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990
Filed on Nov. 11, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$140,023
Expenses
$127,204
Net Income
$12,819
Net Assets
$197,749
Notable Sources of Revenue Percent of Total Revenue
Contributions $140,000
100.0%
Program Services $0
Investment Income $23
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $208,899
Total Liabilities $11,150
Net Assets $197,749
Compensation
Key Employees and Officers Compensation Related Other
Edward Brennan Jr (Executive Director) $70,000 $0 $0
Elizabeth Cushing (Chairman) $0 $0 $0
Stephanie Sheps (Vice Chairman) $0 $0 $0
Charles Alagero (Treasurer) $0 $0 $0
Timothy E Slowick (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$135,009
Expenses
$145,588
Net Income
-$10,579
Net Assets
$184,929
Notable Sources of Revenue Percent of Total Revenue
Contributions $135,000
100.0%
Program Services $0
Investment Income $9
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $190,579
Total Liabilities $5,650
Net Assets $184,929
Compensation
Key Employees and Officers Compensation Related Other
Edward Brennan Jr (Executive Director) $70,000 $0 $0
Elizabeth Cushing (Chairman) $0 $0 $0
Stephanie Sheps (Vice Chairman) $0 $0 $0
Charles Alagero (Treasurer) $0 $0 $0
Timothy E Slowick (Secretary) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$140,028
Expenses
$146,067
Net Income
-$6,039
Net Assets
$195,508
Notable Sources of Revenue Percent of Total Revenue
Contributions $140,000
100.0%
Program Services $0
Investment Income $28
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $70,000
47.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $201,008
Total Liabilities $5,500
Net Assets $195,508
Compensation
Key Employees and Officers Compensation Related Other
William Ryder (Executive Director) $70,000 $0 $0
Scott Friedman (Director) $0 $0 $0
Charles Alagero (Treasurer) $0 $0 $0
Mark E Reynolds (Director) $0 $0 $0
Eileen Shanley (Director) $0 $0 $0
Catherine Glockling (Director) $0 $0 $0
Barry Manuel Md (Director) $0 $0 $0
Brenda Richardson Md (Director) $0 $0 $0
Timothy Gens (Director) $0 $0 $0
Lynn Tenerowicz (Director) $0 $0 $0
William Mcgrail (Director) $0 $0 $0
Stephanie Sheps (Vice President) $0 $0 $0
Timothy E Slowick (Clerk) $0 $0 $0
Stephen Pires (Director) $0 $0 $0
Robin Mcniff (Director) $0 $0 $0
Elizabeth Cushing (President) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$150,042
Expenses
$125,325
Net Income
$24,717
Net Assets
$201,547
Notable Sources of Revenue Percent of Total Revenue
Contributions $150,000
100.0%
Program Services $0
Investment Income $42
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $66,500
53.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $207,047
Total Liabilities $5,500
Net Assets $201,547
Compensation
Key Employees and Officers Compensation Related Other
William Ryder (Executive Director) $70,000 $0 $0
Scott Friedman (Director) $0 $0 $0
Charles Alagero (Treasurer) $0 $0 $0
Mark E Reynolds (Director) $0 $0 $0
Eileen Shanley (Director) $0 $0 $0
Catherine Glockling (Director) $0 $0 $0
Barry Manuel Md (Director) $0 $0 $0
Brenda Richardson Md (Director) $0 $0 $0
Timothy Gens (Director) $0 $0 $0
Lynn Tenerowicz (Director) $0 $0 $0
William Mcgrail (Director) $0 $0 $0
Stephanie Sheps (Vice President) $0 $0 $0
Timothy E Slowick (Clerk) $0 $0 $0
Stephen Pires (Director) $0 $0 $0
Robin Mcniff (Director) $0 $0 $0
Elizabeth Cushing (President) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$150,014
Expenses
$132,105
Net Income
$17,909
Net Assets
$176,830
Notable Sources of Revenue Percent of Total Revenue
Contributions $150,000
100.0%
Program Services $0
Investment Income $14
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $67,200
50.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $187,830
Total Liabilities $11,000
Net Assets $176,830
Compensation
Key Employees and Officers Compensation Related Other
William Ryder (Executive Director) $67,200 $0 $0
Mark Horgan (Director) $0 $0 $0
Charles Alagero (Treasurer) $0 $0 $0
Barbara Staples (Director) $0 $0 $0
Ed Christiansen (Clerk) $0 $0 $0
Eileen Shanley (Director) $0 $0 $0
Catherine Glockling (Director) $0 $0 $0
Barry Manuel Md (Director) $0 $0 $0
Brenda Richardson Md (Director) $0 $0 $0
Timothy Gens (Director) $0 $0 $0
Lynn Tenerowicz (Director) $0 $0 $0
William Mcgrail (Director) $0 $0 $0
Mark E Reynolds (President) $0 $0 $0
Patricia A Hayward Esq (Vice President) $0 $0 $0
Timothy E Slowick (Director) $0 $0 $0
Stephen Pires (Director) $0 $0 $0
Robin Mcniff (Director) $0 $0 $0
Beth Cushing (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,036
Expenses
$132,238
Net Income
-$57,202
Net Assets
$158,921
Notable Sources of Revenue Percent of Total Revenue
Contributions $75,000
100.0%
Program Services $0
Investment Income $36
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $59,200
44.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $164,421
Total Liabilities $5,500
Net Assets $158,921
Compensation
Key Employees and Officers Compensation Related Other
William Ryder (Executive Director) $62,400 $0 $0
Mark Horgan (Director) $0 $0 $0
Charles Alagero (Treasurer) $0 $0 $0
Barbara Staples (Director) $0 $0 $0
Ed Christiansen (Clerk) $0 $0 $0
Eileen Shanley (Director) $0 $0 $0
Catherine Glockling (Director) $0 $0 $0
Barry Manuel Md (Director) $0 $0 $0
Brenda Richardson Md (Director) $0 $0 $0
Timothy Gens (Director) $0 $0 $0
Lynn Tenerowicz (Director) $0 $0 $0
William Mcgrail (Director) $0 $0 $0
Mark E Reynolds (President) $0 $0 $0
Patricia A Hayward Esq (Vice President) $0 $0 $0
Timothy E Slowick (Director) $0 $0 $0
Stephen Pires (Director) $0 $0 $0
Robin Mcniff (Director) $0 $0 $0
Beth Cushing (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 14, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$150,036
Expenses
$135,353
Net Income
$14,683
Net Assets
$216,123
Notable Sources of Revenue Percent of Total Revenue
Contributions $150,000
100.0%
Program Services $0
Investment Income $36
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $60,000
44.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $227,129
Total Liabilities $11,006
Net Assets $216,123
Compensation
Key Employees and Officers Compensation Related Other
William Ryder (Executive Director) $62,400 $0 $0
Mark Horgan (President) $0 $0 $0
Charles Alagero (Treasurer) $0 $0 $0
Barbara Staples (Clerk) $0 $0 $0
Ed Christiansen (Vice President) $0 $0 $0
Eileen Shanley (Director) $0 $0 $0
Catherine Glockling (Director) $0 $0 $0
Barry Manuel Md (Director) $0 $0 $0
Ellen Banach (Director) $0 $0 $0
Brenda Richardson Md (Director) $0 $0 $0
Timothy Gens (Director) $0 $0 $0
Lynn Tenerowicz (Director) $0 $0 $0
William Mcgrail (Director) $0 $0 $0
James Flaherty (Director) $0 $0 $0
Mark E Reynolds (Director) $0 $0 $0
Constance Crowley Ganser (Director) $0 $0 $0
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990
Filed on Nov. 16, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,117
Expenses
$120,070
Net Income
-$44,953
Net Assets
$201,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $75,000
99.8%
Program Services $0
Investment Income $117
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $57,030
47.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $211,946
Total Liabilities $10,506
Net Assets $201,440
Compensation
Key Employees and Officers Compensation Related Other
William Ryder (Executive Director) $59,430 $0 $0
Mark Horgan (President) $0 $0 $0
Charles Alagero (Treasurer) $0 $0 $0
Barbara Staples (Clerk) $0 $0 $0
Ed Christiansen (Vice President) $0 $0 $0
Eileen Shanley (Director) $0 $0 $0
Catherine Glockling (Director) $0 $0 $0
Barry Manuel Md (Director) $0 $0 $0
Ellen Banach (Director) $0 $0 $0
Brenda Richardson Md (Director) $0 $0 $0
Timothy Gens (Director) $0 $0 $0
Lynn Tenerowicz (Director) $0 $0 $0
William Mcgrail (Director) $0 $0 $0
James Flaherty (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 14, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$150,210
Expenses
$125,189
Net Income
$25,021
Net Assets
$246,393
Notable Sources of Revenue Percent of Total Revenue
Contributions $150,000
99.9%
Program Services $0
Investment Income $210
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $57,030
45.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $279,404
Total Liabilities $33,011
Net Assets $246,393

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$286
Expenses
$112,020
Net Income
-$111,734
Net Assets
$221,372
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $286
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $54,600
48.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $261,872
Total Liabilities $40,500
Net Assets $221,372

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated