THE MISSION OF THE FOUNDATION IS TO CHAMPION EFFORTS THAT PRIORITIZE COMMUNITY GOALS THAT CHALLENGE INEQUITIES AND ADVANCE EXCELLENT, STUDENT-CENTERED PUBLIC EDUCATION FOR ALL NEW ENGLAND YOUTH. THE FOUNDATION IS ORGANIZED AND OPERATED AS A MASSACHUSETTS NOT-FOR-PROFIT CORPORATION TO SUPPORT EDUCATIONAL ORGANIZATIONS.
Executive compensation, broken down
Form 990 · Schedule J · 24 reported individuals · Filing year 2024
- Base
- $513k
- Bonus
- —
- Other
- $531
- Benefits
- $16k
- Base
- $346k
- Bonus
- —
- Other
- $746
- Benefits
- $517
- Base
- $48k
- Bonus
- —
- Other
- $221k
- Benefits
- $2k
- Base
- $182k
- Bonus
- —
- Other
- $531
- Benefits
- $30k
- Base
- $170k
- Bonus
- —
- Other
- $2k
- Benefits
- $11k
- Base
- $146k
- Bonus
- —
- Other
- $2k
- Benefits
- $11k
- Base
- $135k
- Bonus
- —
- Other
- —
- Benefits
- $14k
- Base
- $129k
- Bonus
- —
- Other
- $312
- Benefits
- $10k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & CEO | $513k | — | $531 | $16k | $686k $733k |
VP of Finance (until June 2024) vice president | $346k | — | $746 | $517 | $348k $371k |
Dir. of Grantmaking (until 1/19/24) highest compensated employee | $48k | — | $221k | $2k | $279k $298k |
Program Director, Grantmaking director (operational) | $182k | — | $531 | $30k | $243k $259k |
IT Manager highest compensated employee | $170k | — | $2k | $11k | $207k $221k |
Sr Manager, Grants & Programs highest compensated employee | $146k | — | $2k | $11k | $201k $214k |
Chief Financial Officer | $135k | — | — | $14k | $164k $175k |
Senior Program Officer highest compensated employee | $129k | — | $312 | $10k | $158k $169k |
Director board member | — | — | — | — | $39k $42k |
Director board member | — | — | — | — | $27k $29k |
Director board member | — | — | — | — | $27k $29k |
Director board member | — | — | — | — | $24k $26k |
Director board member | — | — | — | — | $24k $26k |
Director board member | — | — | — | — | $24k $26k |
Director board member | — | — | — | — | $24k $26k |
Director board member | — | — | — | — | $24k $26k |
Director board member | — | — | — | — | $24k $26k |
Director board member | — | — | — | — | $24k $26k |
Director board member | — | — | — | — | $20k $21k |
Director board member | — | — | — | — | $20k $21k |
Director board member | — | — | — | — | $20k $21k |
Director board member | — | — | — | — | $20k $21k |
Director board member | — | — | — | — | $10k $11k |
Clerk officer (unspecified) | — | — | — | — | $8k $9k |
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.
Up 37%
from 2023
From $501k in 2023 to $686k in 2024.
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.
Revenue and expenses over time
NELLIE MAE EDUCATION FOUNDATION INC reported revenue and expenses across 2 filing years.
What Education executives earn in Massachusetts
Comparable education organizations in Massachusetts pay their highest-earning executive a median of $132,637.
These are education sector-wide figures, not this organization's reported pay. Based on 379 organizations across 379 filings (2021 – 2023).
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