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Filing year 2024

MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION

Boston, Massachusetts·EIN 04-2254705·501(c)(3)
Total revenue
$153.6M
Total assets
$1.1B
Total expenses
$114.9M
Reported officers
25
Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE ACCESS TO AND CONDUCT ACTIVITIES IN FURTHERANCE OF HIGHER EDUCATION.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 24 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
$581k
$621k
Base
$532k
Bonus
Other
$11k
Benefits
$14k
VP Mission Impact Investing
Board Vice President
Above 90th percentile
$396k
$423k
Base
$320k
Bonus
Other
$8k
Benefits
$48k
Coo/chief People Officer
Officer (Unspecified)
$384k
$409k
Base
$304k
Bonus
Other
$9k
Benefits
$47k
CMO & SVP Digital Strategy
Senior Vice President
Median to 75th percentile
$359k
$383k
Base
$290k
Bonus
Other
$8k
Benefits
$40k
Vice President of Technology
Board Vice President
Above 90th percentile
$336k
$358k
Base
$272k
Bonus
Other
$9k
Benefits
$45k
VP & General Counsel (until 12/31/24)
Vice President
Above 90th percentile
$334k
$357k
Base
$287k
Bonus
Other
$11k
Benefits
$16k
SVP Product Operations
Senior Vice President
Median to 75th percentile
$332k
$355k
Base
$258k
Bonus
Other
$9k
Benefits
$45k
SVP Advocacy & Corp Resp
Senior Vice President
Median to 75th percentile
$322k
$344k
Base
$251k
Bonus
Other
$8k
Benefits
$45k
SVP Public Relations Communications
Senior Vice President
Median to 75th percentile
$304k
$324k
Base
$251k
Bonus
Other
$5k
Benefits
$29k
VP Head of Finance
Board Vice President
75th to 90th percentile
$302k
$323k
Base
$237k
Bonus
Other
$8k
Benefits
$40k
Vice President of Marketing
Board Vice President
75th to 90th percentile
$274k
$293k
Base
$209k
Bonus
Other
$8k
Benefits
$41k
Sr. Director of Technology
Highest Compensated Employee
75th to 90th percentile
$265k
$283k
Base
$238k
Bonus
Other
$2k
Benefits
$9k
Vp/research & Data Analytics
Highest Compensated Employee
75th to 90th percentile
$257k
$274k
Base
$196k
Bonus
Other
$2k
Benefits
$45k
EVP & CFO
75th to 90th percentile
$254k
$271k
Base
Bonus
Other
$242k
Benefits
$12k
Vp, People & Culture
Board Vice President
75th to 90th percentile
$218k
$233k
Base
$191k
Bonus
Other
$10k
Benefits
$12k
Dir/chair of Board/chair
Officer (Unspecified)
$79k
$84k
Director/chair of Compensation
Officer (Unspecified)
$71k
$75k
Dir/chair of Impact Investing
Board Member
75th to 90th percentile
$61k
$65k
Dir./chair of Audit Committee
Board Member
75th to 90th percentile
$61k
$65k
Dir./chair of Inv Committee
Board Member
75th to 90th percentile
$53k
$57k
Director
Board Member
Median to 75th percentile
$50k
$53k
Director
Board Member
Median to 75th percentile
$50k
$53k
Director
Board Member
Median to 75th percentile
$50k
$53k
Director
Board Member
Median to 75th percentile
$38k
$40k

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 1 unpaid individual.

Down 29%
from 2023

From $817k in 2023 to $581k in 2024.

$817k
2023
$581k
2024
In today's dollarsEst.
Down 31% in real terms$899k to $621k

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 fell 29% from 2023 to 2024, while revenue rose 36%.

$817k in 2023 to $581k in 2024.
  • Board Vice President pay fell 23% from 2023 to 2024.
  • Senior Vice President pay fell 17% 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 HIGHER EDUCATION ASSISTANCE CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$113.1M
$95.1M
2023
$153.6M
$114.9M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION

What does the Chief Executive Officer of MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION earn?

In 2024, the Chief Executive Officer of MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION received $581,339 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 HIGHER EDUCATION ASSISTANCE CORPORATION 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 HIGHER EDUCATION ASSISTANCE CORPORATION falls in the top 10%.

What are MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION's revenue and expenses?

In 2024, MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION reported $153.6M in total revenue and $114.9M in total expenses on its IRS Form 990.

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