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Filing year 2024

MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION

Boston, Massachusetts·EIN 04-2254705·3
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 · Schedule J · 24 reported individuals · Filing year 2024

President/ceo/director
$581k
$621k
Base
$532k
Bonus
Other
$11k
Benefits
$14k
VP Mission Impact Investing
vice president
$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
$359k
$383k
Base
$290k
Bonus
Other
$8k
Benefits
$40k
Vice President of Technology
vice president
$336k
$358k
Base
$272k
Bonus
Other
$9k
Benefits
$45k
VP & General Counsel (until 12/31/24)
vice president
$334k
$357k
Base
$287k
Bonus
Other
$11k
Benefits
$16k
SVP Product Operations
senior vice president
$332k
$355k
Base
$258k
Bonus
Other
$9k
Benefits
$45k
SVP Advocacy & Corp Resp
senior vice president
$322k
$344k
Base
$251k
Bonus
Other
$8k
Benefits
$45k
SVP Public Relations Communications
senior vice president
$304k
$324k
Base
$251k
Bonus
Other
$5k
Benefits
$29k
VP Head of Finance
vice president
$302k
$323k
Base
$237k
Bonus
Other
$8k
Benefits
$40k
Vice President of Marketing
vice president
$274k
$293k
Base
$209k
Bonus
Other
$8k
Benefits
$41k
Sr. Director of Technology
highest compensated employee
$265k
$283k
Base
$238k
Bonus
Other
$2k
Benefits
$9k
Vp/research & Data Analytics
highest compensated employee
$257k
$274k
Base
$196k
Bonus
Other
$2k
Benefits
$45k
$254k
$271k
Base
Bonus
Other
$242k
Benefits
$12k
Vp, People & Culture
vice president
$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 Audit Committee
board member
$61k
$65k
Dir/chair of Impact Investing
board member
$61k
$65k
Dir./chair of Inv Committee
board member
$53k
$57k
Director
board member
$50k
$53k
Director
board member
$50k
$53k
Director
board member
$50k
$53k
Director
board member
$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.

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.
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