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Filing year 2024

MASSACHUSETTS BANKERS ASSOCIATION INC

Boston, Massachusetts·EIN 04-1589780·501(c)(6)
Total revenue
$7.1M
Total assets
$27.7M
Total expenses
$7.2M
Reported officers
36
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo/director
Above 90th percentile
$983k
$1M
Base
$619k
Bonus
$170k
Other
$23k
Benefits
Evp, Revenue and Strategy
Executive Vice President
75th to 90th percentile
$405k
$432k
Base
$296k
Bonus
$65k
Other
$13k
Benefits
$20k
Clerk/svp Gov't Affairs & General Counsel
Officer (Unspecified)
$324k
$345k
Base
$237k
Bonus
$45k
Other
$6k
Benefits
$19k
SVP & CFO
Above 90th percentile
$280k
$298k
Base
$205k
Bonus
$37k
Other
$4k
Benefits
$19k
Svp, Professional Development Group
Senior Vice President
Median to 75th percentile
$258k
$276k
Base
$187k
Bonus
$35k
Other
$3k
Benefits
$20k
VP of Member Engagement & HR
Board Vice President
75th to 90th percentile
$223k
$238k
Base
$152k
Bonus
$40k
Other
$2k
Benefits
$17k
Vp, Professional Development
Board Vice President
Median to 75th percentile
$190k
$202k
Base
$148k
Bonus
$21k
Other
$2k
Benefits
$8k
SVP & Chief of Staff, Media Relations & Inquiries
Senior Vice President
25th percentile to median
$183k
$196k
Base
$150k
Bonus
$21k
Other
$2k
Benefits
$297
VP of Government Affairs & Industry Relations
Board Vice President
Median to 75th percentile
$170k
$182k
Base
$143k
Bonus
$9k
Other
$3k
Benefits
$8k
VP of Administration Group Ins. Trust
Board Vice President
Median to 75th percentile
$161k
$171k
Base
$133k
Bonus
$17k
Other
$2k
Benefits
$47

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 26 unpaid individuals.

Up 4%
from 2023

From $949k in 2023 to $983k in 2024.

$949k
2023
$983k
2024
In today's dollarsEst.
Roughly flat in real terms$1M to $1M

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 4% from 2023 to 2024, while revenue fell 8%.

$949k in 2023 to $983k in 2024.
  • Executive Vice President pay rose 5% from 2023 to 2024.
  • Chief Financial Officer pay rose 7% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MASSACHUSETTS BANKERS ASSOCIATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$7.7M
$7M
2023
$7.1M
$7.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MASSACHUSETTS BANKERS ASSOCIATION INC

What does the Chief Executive Officer of MASSACHUSETTS BANKERS ASSOCIATION INC earn?

In 2024, the Chief Executive Officer of MASSACHUSETTS BANKERS ASSOCIATION INC received $982,626 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MASSACHUSETTS BANKERS ASSOCIATION INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at MASSACHUSETTS BANKERS ASSOCIATION INC falls in the top 10%.

What are MASSACHUSETTS BANKERS ASSOCIATION INC's revenue and expenses?

In 2024, MASSACHUSETTS BANKERS ASSOCIATION INC reported $7.1M in total revenue and $7.2M in total expenses on its IRS Form 990.

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