Massachusetts Bankers Association Inc

Boston, MA
Tax-exempt since Nov. 1954
EIN: 04-1589780

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Type of Nonprofit

Designated as a 501(c)(6) Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$7.75M (2023)

Expenses

$7M (2023)

Total Assets

$26.7M (2023)

Total Liabilities

$3.79M (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

Revenue

$7,749,904

Expenses

$7,004,460

Net Income

$745,444

Net Assets

$22,925,724

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,708,574	34.9%
Program Services	$3,799,279	49.0%
Investment Income	$353,178	4.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$854,835	11.0%
Net Inventory Sales	$0
Other Revenue	$34,038	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,033,764	29.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$948,131	13.5%

Assets/Debt
Total Assets	$26,717,304
Total Liabilities	$3,791,580
Net Assets	$22,925,724

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Murphy (President/Ceo/Director)	$778,866	$0	$169,800
Tanya M Duncan (Evp, Revenue And Strategy)	$348,524	$0	$38,456
Brad S Papalardo (Clerk/Svp Gov't Affairs & Counsel)	$265,388	$0	$33,364
William Tsoules (Svp & Cfo, Director)	$229,264	$0	$31,600
Benjamin Craigie (Svp, Professional Development Group)	$208,389	$0	$30,409
Jon Karl Skarin (Evp, Legislative & Regula)	$203,333	$0	$0
Annie Coldstream (Vp Of Member Engagement And Human Resources)	$175,470	$0	$28,725
Meghan Mccarthy (Vp, Professional Developme)	$162,566	$0	$17,224
Matthew S Sosik (Director)	$0	$0	$0
Robert J Fraser (Vice Chair/Director)	$0	$0	$0
Ping Yin Chai (Treasurer/Director)	$0	$0	$0
Meg D Mcisaac (Chair/Director)	$0	$0	$0
Martin F Connors (Director)	$0	$0	$0
Richard Spencer (Director)	$0	$0	$0
Elizabeth J Oliver (Director)	$0	$0	$0
Thomas W Senecal (Director)	$0	$0	$0
Shimna Sameer (Director)	$0	$0	$0
Patrick B Thorpe (Director)	$0	$0	$0
Michael G Mcauliffe (Director)	$0	$0	$0
Lisa Murray (Director)	$0	$0	$0
Anne Tangen (Director)	$0	$0	$0
Kathleen C Marcum (Director)	$0	$0	$0
Jeffrey A Worth (Director)	$0	$0	$0
James M Dunphy (Director)	$0	$0	$0
Harold M Horvat (Director)	$0	$0	$0
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990

Filed on Nov. 4, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$16,257,627

Expenses

$6,818,675

Net Income

$9,438,952

Net Assets

$20,798,695

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,699,864	16.6%
Program Services	$3,795,653	23.3%
Investment Income	$132,668	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$9,612,319	59.1%
Net Inventory Sales	$0
Other Revenue	$17,123	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,166,311	31.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,250,767	18.3%

Assets/Debt
Total Assets	$24,529,155
Total Liabilities	$3,730,460
Net Assets	$20,798,695

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Murphy (President & Ceo)	$735,248	$0	$168,300
Jon Karl Skarin Ended 1122 (Evp, Legistlative & Regulatory)	$563,488	$0	$33,872
Tanya M Duncan (Svp Corporate Policy)	$321,787	$0	$32,774
Diana Webster Campbell (Database & Oper. Mgr (Ended 09/22))	$210,165	$0	$18,185
Brad S Papalardo (Vp Gov't Affairs & Counsel/Clerk)	$196,998	$0	$28,261
William Tsoules (Svp & Cfo, Director)	$179,462	$0	$19,738
Ben Craigie (Dir Of Compliance & Traini)	$169,328	$0	$25,261
Scott Gorman (Git Administration)	$168,181	$0	$24,240
Annie Coldstream (Vp Of Member Services & Hr)	$165,480	$0	$26,698
Meghan Mccarthy (Vp, Professional Development)	$154,981	$0	$16,481
Denis A Sheahan (Director)	$0	$0	$0
Elizabeth J Oliver (Director)	$0	$0	$0
Harold M Horvat (Director)	$0	$0	$0
James M Dunphy (Director)	$0	$0	$0
Jane C Walsh (Director)	$0	$0	$0
Jeffrey A Worth (Director)	$0	$0	$0
Kathleen C Marcum (Director)	$0	$0	$0
Kevin M Tierney (Director)	$0	$0	$0
Lisa Murray As Of 3322 (Director)	$0	$0	$0
Mark R O'connell (Chairman)	$0	$0	$0
Martin F Connors (Director)	$0	$0	$0
Matthew S Sosik (Director)	$0	$0	$0
Meg D Mcisaac (Director)	$0	$0	$0
Michael G Mcauliffe (Director)	$0	$0	$0
Patrick B Thorpe (Director)	$0	$0	$0
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990

Filed on Nov. 15, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$6,144,783

Expenses

$5,358,359

Net Income

$786,424

Net Assets

$12,749,887

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,649,161	43.1%
Program Services	$2,464,190	40.1%
Investment Income	$143,774	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$874,088	14.2%
Net Inventory Sales	$0
Other Revenue	$13,570	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,582,573	29.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,147,889	21.4%

Assets/Debt
Total Assets	$14,284,129
Total Liabilities	$1,534,242
Net Assets	$12,749,887

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kathleen Murphy (President & Ceo)	$555,743	$0	$173,543
Jon Karl Skarin Clerk Evp (Legistlative & Regulatory)	$419,106	$0	$41,239
Tanya M Duncan (Svp Corporate Policy)	$349,996	$0	$34,783
Daniel J Forte (Former President & Ceo)	$331,141	$0	$0
Francesca G Bertolino (Svp/Cfo)	$257,728	$0	$22,430
Kevin F Kiley (Former Of Counsel)	$251,209	$0	$0
Ben Craigie (Dir Of Compliance & Traini)	$156,238	$0	$25,856
Scott Gorman (Git Administration)	$155,387	$0	$25,674
Brad Papalardo (Vp Government Affairs & Counsel)	$153,506	$0	$27,542
Meghan Mccarthy (Vp Of Proffesional Development)	$143,015	$0	$16,159
Annie Coldstream (Vp Of Member Services And Hr)	$141,738	$0	$25,806
Meg Mclsaac (Treasurer)	$0	$0	$0
Carol R Mcclintock (Director)	$0	$0	$0
Kathleen C Marcum (Director)	$0	$0	$0
Martin F Connors (Director)	$0	$0	$0
Girard R Sargent Ended 3322 (Director)	$0	$0	$0
Michael G Mcauliffe (Director)	$0	$0	$0
Robert J Fraser (Director)	$0	$0	$0
Shimna Sameer (Director)	$0	$0	$0
John R Wiseman (Director)	$0	$0	$0
Lisa J Oliver (Director)	$0	$0	$0
Ping Yin Chai (Director)	$0	$0	$0
Mark R O'connell (Vice Chair)	$0	$0	$0
Jane C Walsh (Director)	$0	$0	$0
Patrick J Murray (Immediate Past Chairman)	$0	$0	$0
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990

Filed on Nov. 14, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$5,363,741

Expenses

$4,802,072

Net Income

$561,669

Net Assets

$11,127,871

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,625,864	49.0%
Program Services	$2,243,915	41.8%
Investment Income	$168,919	3.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$311,816	5.8%
Net Inventory Sales	$0
Other Revenue	$13,227	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,416,623	29.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,554,246	32.4%

Assets/Debt
Total Assets	$14,371,850
Total Liabilities	$3,243,979
Net Assets	$11,127,871

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel J Forte (President & Ceo (Retired 10/2020))	$797,606	$0	$42,529
Jon Karl Skarin Clerk Evp (Legistlative & Regulatory)	$384,403	$0	$37,113
Tanya M Duncan (Svp Corporate Policy)	$252,471	$0	$33,263
Kathleen Murphy (President & Ceo (As Of 09/2020))	$234,614	$0	$1,044
Francesca G Bertolino (Svp/Cfo)	$203,725	$0	$21,200
Kevin F Kiley (Of Counsel)	$198,626	$0	$16,746
Ben Craigie (Dir Of Compliance & Traini)	$147,799	$0	$25,981
Scott Gorman (Git Administration)	$145,605	$0	$25,188
Nobo Sircar (Director)	$0	$0	$0
Meg Mclsaac (Director)	$0	$0	$0
Carol R Mcclintock (Director)	$0	$0	$0
Kathleen C Marcum (Director)	$0	$0	$0
Martin F Connors (Director)	$0	$0	$0
Girard R Sargent (Director)	$0	$0	$0
Michael G Mcauliffe (Director)	$0	$0	$0
Robert J Fraser (Director)	$0	$0	$0
Shimna Sameer (Director)	$0	$0	$0
John R Wiseman (Director)	$0	$0	$0
Lisa J Oliver (Director)	$0	$0	$0
Ping Yin Chai (Director)	$0	$0	$0
Mark R O'connell (Treasurer)	$0	$0	$0
Thomas L Mortimer (Director)	$0	$0	$0
Steven E Lowell (Director)	$0	$0	$0
Jane C Walsh (Director)	$0	$0	$0
William M Parent (Immediate Past Chairman)	$0	$0	$0
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990

Filed on Aug. 9, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$7,961,153

Expenses

$6,649,257

Net Income

$1,311,896

Net Assets

$10,725,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,623,167	32.9%
Program Services	$4,269,643	53.6%
Investment Income	$185,025	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$869,400	10.9%
Net Inventory Sales	$0
Other Revenue	$13,918	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,067,742	16.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,611,684	24.2%

Assets/Debt
Total Assets	$13,836,803
Total Liabilities	$3,111,595
Net Assets	$10,725,208

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel J Forte (President & Ceo)	$717,528	$0	$41,257
Jon Karl Skarin Clerk Evp (Legistlative & Regulatory)	$350,214	$0	$36,019
Tanya M Duncan (Svp Corporate Policy)	$231,787	$0	$31,847
Francesca G Bertolino (Svp/Cfo)	$192,766	$0	$20,380
Kevin F Kiley (Of Counsel)	$150,000	$0	$16,499
Ben Craigie (Dir Of Compliance & Traini)	$141,250	$0	$24,938
Scott Gorman (Git Administration)	$139,203	$0	$24,706
Kevin M Tierney (Director)	$0	$0	$0
Peter G Brown (Treasurer)	$0	$0	$0
Donald P Gill (Chairman)	$0	$0	$0
Charles P O'brien (Immediate Past Chairman)	$0	$0	$0
Mark A Crandall (Director)	$0	$0	$0
Steven E Lowell (Director)	$0	$0	$0
Thomas L Mortimer (Director)	$0	$0	$0
Patrick J Murray Jr (Vice Chairman)	$0	$0	$0
Mark R O'connell (Director)	$0	$0	$0
John R Wiseman (Director)	$0	$0	$0
Mark R Haranas (Director)	$0	$0	$0
Robert J Fraser (Director)	$0	$0	$0
Michael Mcauliffe (Director)	$0	$0	$0
Girard R Sargent (Director)	$0	$0	$0
Martin F Connors (Director)	$0	$0	$0
Kathleen C Marcum (Director)	$0	$0	$0
Carol R Mcclintock (Director)	$0	$0	$0
Meg Mclsaac (Director)	$0	$0	$0
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990

Filed on Oct. 5, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$6,345,623

Expenses

$5,865,991

Net Income

$479,632

Net Assets

$8,722,872

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,599,266	41.0%
Program Services	$3,857,821	60.8%
Investment Income	$172,936	2.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$299,158
Net Inventory Sales	$0
Other Revenue	$14,758	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,021,443	17.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,567,871	26.7%

Assets/Debt
Total Assets	$11,568,622
Total Liabilities	$2,845,750
Net Assets	$8,722,872

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel J Forte (President & Ceo)	$700,585	$0	$41,285
Jon Karl Skarin Clerk Evp (Legistlative & Regulatory Policy)	$320,858	$0	$43,547
Kevin F Kiley (Of Counsel)	$238,602	$0	$16,500
Tanya M Duncan (Svp Corporate Policy)	$209,322	$0	$29,843
Francesca G Bertolino (Svp/Cfo)	$179,455	$0	$19,400
Scott Gorman (Git Administration)	$136,383	$0	$16,775
Ben Craigie (Dir Of Compliance & Traini)	$134,790	$0	$24,775
Kevin M Tierney (Director)	$0	$0	$0
Donna L Boulanger (Director)	$0	$0	$0
Peter G Brown (Director)	$0	$0	$0
Donald P Gill (Vice Chairman)	$0	$0	$0
Charles P O'brien (Immediate Past Chairman)	$0	$0	$0
Mark A Crandall (Director)	$0	$0	$0
Steven E Lowell (Director)	$0	$0	$0
Thomas L Mortimer (Director)	$0	$0	$0
Jonathan W Pierce (Director)	$0	$0	$0
Patrick J Murray Jr (Treasurer)	$0	$0	$0
William M Parent (Chairman)	$0	$0	$0
Sushil K Tuli (Director)	$0	$0	$0
Mark R O'connell (Director)	$0	$0	$0
Sandra J Pattie (Director)	$0	$0	$0
Patrick J Sullivan (Director)	$0	$0	$0
John R Wiseman (Director)	$0	$0	$0
Mark R Haranas (Director)	$0	$0	$0
Robert J Fraser (Director)	$0	$0	$0
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990

Filed on Nov. 6, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$7,227,344

Expenses

$6,610,591

Net Income

$616,753

Net Assets

$7,852,161

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,580,493	35.7%
Program Services	$3,980,255	55.1%
Investment Income	$162,782	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$483,197	6.7%
Net Inventory Sales	$0
Other Revenue	$20,617	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,207,374	18.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,659,797	25.1%

Assets/Debt
Total Assets	$10,993,838
Total Liabilities	$3,141,677
Net Assets	$7,852,161

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel J Forte (President & Ceo)	$683,610	$0	$38,925
Kevin F Kiley (Clerk/Evp/Coo)	$523,764	$0	$35,614
Jon Karl Skarin (Evp, Legistlative & Regulatory Policy)	$288,893	$0	$33,989
Francesca G Bertolino (Svp/Cfo)	$173,692	$0	$17,986
Tanya M Duncan (Svp Corporate Policy)	$155,041	$0	$25,889
Bruce Spitzer (Director Of Communications)	$153,522	$0	$24,748
Ben Craigie (Dir Of Compliance & Traini)	$129,930	$0	$24,219
Kevin M Tierney (Director)	$0	$0	$0
Donna L Boulanger (Director)	$0	$0	$0
Peter G Brown (Director)	$0	$0	$0
Donald P Gill (Treasurer)	$0	$0	$0
Charles P O'brien (Chairman)	$0	$0	$0
Mark A Crandall (Director)	$0	$0	$0
Steven E Lowell (Director)	$0	$0	$0
Thomas L Mortimer (Director)	$0	$0	$0
Jonathan W Pierce (Director)	$0	$0	$0
Patrick J Murray Jr (Director)	$0	$0	$0
William M Parent (Vice Chairman)	$0	$0	$0
Sushil K Tuli (Director)	$0	$0	$0
Gilda M Nogueira (Immediate Past Chairman)	$0	$0	$0
Mark R O'connell (Director)	$0	$0	$0
Sandra J Pattie (Director)	$0	$0	$0
Patrick J Sullivan (Director)	$0	$0	$0
John R Wiseman (Director)	$0	$0	$0
Mark R Haranas (Director)	$0	$0	$0
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990

Filed on Oct. 12, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$6,955,792

Expenses

$6,670,443

Net Income

$285,349

Net Assets

$7,035,287

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,551,410	36.7%
Program Services	$3,958,305	56.9%
Investment Income	$169,420	2.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$262,756	3.8%
Net Inventory Sales	$0
Other Revenue	$13,901	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,121,368	16.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,526,522	22.9%

Assets/Debt
Total Assets	$9,977,539
Total Liabilities	$2,942,252
Net Assets	$7,035,287

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel J Forte (President & Ceo)	$3,932,113	$0	$220,718
Kevin F Kiley (Clerk/Evp/Coo)	$507,489	$0	$36,366
Jon Karl Skarin (Sr Vice President)	$273,971	$0	$33,520
Francesca G Bertolino (Svp/Cfo)	$168,364	$0	$16,445
Bruce Spitzer (Director Of Communications)	$165,341	$0	$25,290
Ben Craigie (Dir Of Compliance & Training)	$121,443	$0	$23,277
Theresa A Reardon (Executive Director Mfsia)	$112,982	$0	$8,295
James C Lively (Immediated Past Chairman)	$0	$0	$0
Donna L Boulanger (Director)	$0	$0	$0
Peter G Brown (Director)	$0	$0	$0
Donald P Gill (Director)	$0	$0	$0
Charles P O'brien (Vice Chairman)	$0	$0	$0
Mark A Crandall (Director)	$0	$0	$0
Steven E Lowell (Director)	$0	$0	$0
Thomas L Mortimer (Director)	$0	$0	$0
Jonathan W Pierce (Director)	$0	$0	$0
Patrick J Murray Jr (Director)	$0	$0	$0
William M Parent (Treasurer)	$0	$0	$0
Sushil K Tuli (Director)	$0	$0	$0
Gilda M Nogueira (Chairman)	$0	$0	$0
Joseph T Baptista Jr (Director)	$0	$0	$0
Sandra J Pattie (Director)	$0	$0	$0
Patrick J Sullivan (Director)	$0	$0	$0
John R Wiseman (Director)	$0	$0	$0
David J La Flamme (Director)	$0	$0	$0
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990

Filed on Nov. 6, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$6,947,762

Expenses

$6,683,561

Net Income

$264,201

Net Assets

$5,913,069

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,555,321	36.8%
Program Services	$4,178,207	60.1%
Investment Income	$208,949	3.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$8,594
Net Inventory Sales	$0
Other Revenue	$13,879	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,173,351	17.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,475,377	22.1%

Assets/Debt
Total Assets	$12,373,065
Total Liabilities	$6,459,996
Net Assets	$5,913,069

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel J Forte (President & Ceo)	$636,393	$0	$219,286
Kevin F Kiley (Clerk/Evp/Coo)	$536,958	$0	$36,006
Jon Karl Skarin (Sr Vice President)	$262,537	$0	$32,253
Bruce Spitzer (Director Of Communications)	$162,661	$0	$24,183
Francesca G Bertolino (Svp/Cfo)	$159,432	$0	$16,424
Robert Messing (Git Vp Trust)	$145,970	$0	$23,784
Theresa A Reardon (Executive Director Mfsia)	$125,603	$0	$9,044
James C Lively (Chairman)	$0	$0	$0
Donna L Boulanger (Director)	$0	$0	$0
Peter G Brown (Director)	$0	$0	$0
Donald P Gill (Director)	$0	$0	$0
Charles P O'brien (Treasurer)	$0	$0	$0
Richard E Holbrook (Immediate Past Chairman)	$0	$0	$0
Steven E Lowell (Director)	$0	$0	$0
Thomas L Mortimer (Director)	$0	$0	$0
Jonathan W Pierce (Director)	$0	$0	$0
John R Heerwagen (Director)	$0	$0	$0
William M Parent (Director)	$0	$0	$0
Sushil K Tuli (Director)	$0	$0	$0
Gilda M Nogueira (Vice Chairman)	$0	$0	$0
Joseph T Baptista Jr (Director)	$0	$0	$0
Sandra J Pattie (Director)	$0	$0	$0
Patrick J Sullivan (Director)	$0	$0	$0
Robert M Gallery (Director)	$0	$0	$0
David J La Flamme (Director)	$0	$0	$0
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990

Filed on Nov. 1, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$6,639,136

Expenses

$6,512,317

Net Income

$126,819

Net Assets

$6,188,294

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,475,698	37.3%
Program Services	$3,891,291	58.6%
Investment Income	$121,195	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$137,281	2.1%
Net Inventory Sales	$0
Other Revenue	$13,671	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,080,836	16.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,707,280	26.2%

Assets/Debt
Total Assets	$12,198,948
Total Liabilities	$6,010,654
Net Assets	$6,188,294

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel J Forte (President & Ceo)	$579,783	$0	$216,343
Kevin F Kiley (Clerk/Evp/Coo)	$501,053	$0	$34,922
Jon Karl Skarin (Sr Vice President)	$221,266	$0	$28,917
David Floreen (Senior Vice President)	$166,677	$0	$23,275
Ann L Sepcilka (Vp Systems Mgmt & Admin)	$153,728	$0	$15,818
Francesca G Bertolino (Vp Finance & Git Trust)	$148,306	$0	$15,325
Bruce Spitzer (Director Of Communications)	$144,570	$0	$22,475
James C Lively (Vice Chairman)	$0	$0	$0
Donna L Boulanger (Director)	$0	$0	$0
Richard K Bennett (Director)	$0	$0	$0
John C Boucher (Director)	$0	$0	$0
Charles P O'brien (Director)	$0	$0	$0
Richard E Holbrook (Chairman)	$0	$0	$0
Joseph V Roller Ii (Director)	$0	$0	$0
Dennis L Parente (Director)	$0	$0	$0
Michael E Tucker (Immediate Past Chairman)	$0	$0	$0
John R Heerwagen (Director)	$0	$0	$0
Kevin M Tierney (Director)	$0	$0	$0
Sushil K Tuli (Director)	$0	$0	$0
Gilda M Nogueira (Treasurer)	$0	$0	$0
Joseph T Baptista Jr (Director)	$0	$0	$0
Daniel C Yates (Director)	$0	$0	$0
Richard E Bolton Jr (Director)	$0	$0	$0
Robert M Gallery (Director)	$0	$0	$0
David J La Flamme (Director)	$0	$0	$0
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990

Filed on Oct. 30, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$6,659,599

Expenses

$6,668,010

Net Income

-$8,411

Net Assets

$7,599,080

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,396,247	36.0%
Program Services	$3,946,814	59.3%
Investment Income	$103,225	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$201,627	3.0%
Net Inventory Sales	$0
Other Revenue	$11,686	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,088,487	16.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,481,203	22.2%

Assets/Debt
Total Assets	$12,091,611
Total Liabilities	$4,492,531
Net Assets	$7,599,080

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$6,334,451

Expenses

$6,444,978

Net Income

-$110,527

Net Assets

$5,034,263

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,373,228	37.5%
Program Services	$3,832,079	60.5%
Investment Income	$95,513	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$21,028	0.3%
Net Inventory Sales	$0
Other Revenue	$12,603	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,854,361	28.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$753,465	11.7%

Assets/Debt
Total Assets	$10,069,358
Total Liabilities	$5,035,095
Net Assets	$5,034,263

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$6,374,352

Expenses

$5,891,610

Net Income

$482,742

Net Assets

$4,483,238

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,323,782	36.5%
Program Services	$3,794,783	59.5%
Investment Income	$110,694	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$132,460	2.1%
Net Inventory Sales	$0
Other Revenue	$12,633	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,209,804	37.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$287,925	4.9%

Assets/Debt
Total Assets	$9,602,807
Total Liabilities	$5,119,569
Net Assets	$4,483,238

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

The data powering this website is available programmatically, via an API. Read the API documentation »

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 December 20, 2024

Massachusetts Bankers Association Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $7.75M (2023)

Expenses $7M (2023)

Total Assets $26.7M (2023)

Total Liabilities $3.79M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Revenue

$7.75M (2023)

Expenses

$7M (2023)

Total Assets

$26.7M (2023)

Total Liabilities

$3.79M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004