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MASSACHUSETTS BANKERS ASSOCIATION INC

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Public IRS 990 nonprofit record

MASSACHUSETTS BANKERS ASSOCIATION INC

EIN 04-1589780 · Professional Athletic Leagues (N80)

What they do

THE MASSACHUSETTS BANKERS ASSOCIATION WAS FOUNDED IN 1905 WITH A GUIDING PRINCIPLE to PROMOTE BANKING WITHIN THE COMMONWEALTH. A KEY PART of THAT MISSION is to PROVIDE OUR MEMBERS, THE PUBLIC and MEDIA WITH UP-TO-DATE INFORMATION RELATING to THE ASSOCIATION and THE BANKING INDUSTRY. PLEASE EXPLORE OUR RESOURCES to LEARN MORE ABOUT THE ASSOCIATION, USE OUR RESOURCES and LEARN HOW YOU CAN HELP PROMOTE THIS CRITICAL INDUSTRY.OUR MISSION is to BE THE PREMIER PARTNER and TRUSTED RESOURCE for OUR MEMBERS THROUGHOUT MASSACHUSETTS and ACROSS NEW ENGLAND. WE WILL ACCOMPLISH OUR MISSION THROUGH A PROACTIVE FOCUS ON EXCEPTIONAL SOLUTIONS, ADVOCACY and THOUGHT LEADERSHIP for THE BANKING INDUSTRY.MASSACHUSETTS BANKERS ASSOCIATION is THE UNITED VOICE PROPELLING OUR MEMBERS SUCCESS IN A DYNAMIC INDUSTRY and RAPIDLY CHANGING WORLD.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

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 checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

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

They name their leaders36 people are listed in the latest report.

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

Money made simple

$101.20spent for every $100 of revenueSpending was higher than revenue this year.
$3.83in assets for every $1 spent this yearSome assets cannot be spent right away.
42.6%of its money came from giftsOther money may come from services or investments.

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.

Worth asking: Expenses exceeded revenue by $85,595 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $982,626 for KATHLEEN MURPHY (PRESIDENT/CEO/DIRECTOR). 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 2024

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$7,142,188
Expenses$7,227,783
Annual shortfall $85,595 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$7,142,188
Expenses$7,227,783
Assets$27,713,732
Income$18,091,810
Contributions$3,044,651
Stocks and bonds$16,277,304
Accounting fees$64,830
Investing fees$98,563
People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation
KATHLEEN MURPHYPRESIDENT/CEO/DIRECTOR · 40 hrs/week $982,626Base $811,926 · Other $170,700
TANYA M DUNCANEVP, REVENUE AND STRATEGY · 40 hrs/week $404,518Base $373,367 · Other $31,151
BRAD S PAPALARDOCLERK/SVP GOVT AFFAIRS & GENERAL COUNSEL · 40 hrs/week $323,518Base $287,175 · Other $36,343
WILLIAM TSOULESSVP & CFO · 40 hrs/week $279,580Base $245,692 · Other $33,888
BENJAMIN CRAIGIESVP, PROFESSIONAL DEVELOPMENT GROUP · 40 hrs/week $258,218Base $225,159 · Other $33,059
ANNIE COLDSTREAMVP OF MEMBER ENGAGEMENT & HR · 40 hrs/week $223,234Base $194,288 · Other $28,946
MEGHAN MCCARTHYVP, PROFESSIONAL DEVELOPMENT · 40 hrs/week $189,696Base $171,074 · Other $18,622
NICOLE ALMEIDASVP & CHIEF OF STAFF, MEDIA RELATIONS & INQUIRIES · 40 hrs/week $183,327Base $172,799 · Other $10,528
LAWRENCE LIUZZOVP OF GOVERNMENT AFFAIRS & INDUSTRY RELATIONS · 40 hrs/week $170,076Base $154,124 · Other $15,952
CHAD POOKVP OF ADMINISTRATION GROUP INS. TRUST · 40 hrs/week $160,614Base $151,856 · Other $8,758

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 (36)

KATHLEEN MURPHYPRESIDENT/CEO/DIRECTOR

TANYA M DUNCANEVP, REVENUE AND STRATEGY

BRAD S PAPALARDOCLERK/SVP GOVT AFFAIRS & GENERAL COUNSEL

WILLIAM TSOULESSVP & CFO

BENJAMIN CRAIGIESVP, PROFESSIONAL DEVELOPMENT GROUP

ANNIE COLDSTREAMVP OF MEMBER ENGAGEMENT & HR

MEGHAN MCCARTHYVP, PROFESSIONAL DEVELOPMENT

NICOLE ALMEIDASVP & CHIEF OF STAFF, MEDIA RELATIONS & INQUIRIES

LAWRENCE LIUZZOVP OF GOVERNMENT AFFAIRS & INDUSTRY RELATIONS

CHAD POOKVP OF ADMINISTRATION GROUP INS. TRUST

MEG D MCISAACIMMEDIATE PAST CHAIR

ANNE TANGENTREASURER/DIRECTOR

WAYNE PATENAUDEDIRECTOR (ENDED 4/2024)

THOMAS W SENECALDIRECTOR

SHINMA SAMEERDIRECTOR (ENDED 4/2024)

ROSEMARY PICARDDIRECTOR

ROBERT J FRASERCHAIR/DIRECTOR

RICHARD SPENCERDIRECTOR

PING YIN CHAIDIRECTOR

PATRICK B THORPEDIRECTOR

MICHAEL R OCONNELLIMMEDIATE PAST CHAIR (ENDED 4/2024)

MICHAEL G MCAULIFFEDIRECTOR (ENDED 4/2024)

ELIZABETH J OLIVERDIRECTOR

MATTHEW S SOSIKDIRECTOR

MATT BURKEDIRECTOR

MARY MCGOVERNDIRECTOR

MARTIN F CONNORSVICE CHAIR/DIRECTOR

MARIANNE SMITHDIRECTOR

LISA MURRAYDIRECTOR

KEVIN M TIERNEY SRDIRECTOR (ENDED 4/2024)

KEVIN KELLYDIRECTOR

KATHLEEN C MARCUMDIRECTOR (ENDED 4/2024)

DENIS A SHEAHANDIRECTOR

JEFFREY A WORTHDIRECTOR

JAMES M DUNPHYDIRECTOR

HAROLD M HORVATDIRECTOR

About this charity

Recognized since
January 1954
Location
200 STATE ST STE 701, BOSTON, MA 02109-2655
County
Suffolk
In care of
% FRANCESCA BERTOLINO
Primary officer
JOSEPH T COLAGIOVANNI, SVP/CFO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
WOLF & COMPANY PC
NTEE classification
Professional Athletic Leagues (N80)
IRS tax category
Professional Athletic Leagues

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

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