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MASS CREDIT UNION SHARE INSURANCE CORP

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Public IRS 990 nonprofit record

MASS CREDIT UNION SHARE INSURANCE CORP

EIN 04-2296410 · Professional Athletic Leagues (N80)

What they do

MASSACHUSETTS CREDIT UNION SHARE INSURANCE CORPORATIONS MISSION is to PROMOTE and STRENGTHEN THE CREDIT UNION MOVEMENT BY PROVIDING EXCESS SHARE and DEPOSIT INSURANCE and ASSOCIATED SERVICES for CREDIT UNIONS and THEIR MEMBERS WHILE PRESERVING THE INTEGRITY of THE FUND.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

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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 2023The 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 leaders14 people are listed in the latest report.

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

Money made simple

$183.44spent for every $100 of revenueSpending was higher than revenue this year.
$12.53in assets for every $1 spent this yearSome assets cannot be spent right away.

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  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 $3,463,986 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $1,000,784 for MICHAEL C HANSON (PRESIDENT/CEO). 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 2023

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$4,151,712
Expenses$7,615,698
Annual shortfall $3,463,986 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$4,151,712
Expenses$7,615,698
Assets$95,429,985
Income$6,342,054
Stocks and bonds$62,542,729
Accounting fees$49,000
Investing fees$20,000
People

Leadership and board

Tax year 2023

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

People reported as paid

Person and titleCompensation
MICHAEL C HANSONPRESIDENT/CEO · 40 hrs/week $1,000,784Base $942,693 · Other $58,091
JOHN CIAMPATREASURER · 40 hrs/week $299,933Base $241,806 · Other $58,127
N ANTHONY ST PIERREVP OF TECHNOLOGY / SECURIT · 40 hrs/week $209,513Base $168,505 · Other $41,008
ERIKA MORINDIRECTOR OF TRAINING AND MEMBER SERVICES · 40 hrs/week $138,806Base $94,158 · Other $44,648
MICHAEL E MURPHYDIRECTOR · 5 hrs/week $6,750
THERESA DORILASDIRECTOR · 5 hrs/week $6,750
NEIL CREANDIRECTOR · 5 hrs/week $6,500
MATTHEW G SCHONDEKDIRECTOR · 5 hrs/week $6,000
DIANE M PERALTADIRECTOR · 5 hrs/week $5,750
GREGORI A MARTUCCIDIRECTOR · 5 hrs/week $5,500
RICHARD N MITCHELL MDDIRECTOR · 5 hrs/week $4,750
GLENN S WELCHDIRECTOR · 5 hrs/week $4,250

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 (14)

MICHAEL C HANSONPRESIDENT/CEO

JOHN CIAMPATREASURER

N ANTHONY ST PIERREVP OF TECHNOLOGY / SECURIT

ERIKA MORINDIRECTOR OF TRAINING AND MEMBER SERVICES

MICHAEL E MURPHYDIRECTOR

THERESA DORILASDIRECTOR

NEIL CREANDIRECTOR

MATTHEW G SCHONDEKDIRECTOR

DIANE M PERALTADIRECTOR

GREGORI A MARTUCCIDIRECTOR

RICHARD N MITCHELL MDDIRECTOR

GLENN S WELCHDIRECTOR

GEORGE HARDIMANDIRECTOR

LAURA YBARRADIRECTOR

About this charity

Recognized since
January 1997
Location
233 NEEDHAM ST STE 510, NEWTON, MA 02464-1536
County
Middlesex
In care of
JOHN CIAMPA
Primary officer
JOHN CIAMPA, TREASURER

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
October 1, 2023
Return type
990
Tax preparer
CBIZ ADVISORS LLC
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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