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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Depositors Insurance Fund

Depositors Insurance Fund

Fiscal year ending 2023. Filed on August 12, 2024.

One Linscott Road
Woburn, Massachusetts 01801

Depositors Insurance Fund (EIN: 04-1647690) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Depositors Insurance Fund, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 7 out of 8 total employees. Among the employees shown here, the average compensation is $344,522. The highest compensated employee at Depositors Insurance Fund is Andrew Calamare with fiscal year 2023 compensation of $913,420.

Revenue, expenses, and employee compensation

Revenue

$9,489,601

Expenses

$3,835,372

Employee compensation

$2,610,425
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Andrew Calamare
President and Chief Executive Officer
$913,420
$808,977 No related comp$104,443
Judith Javidpour
Chief Financial Officer and Executive Vice President and Treasurer
$442,401
$372,433 No related comp$69,968
Kara M McNamara
Senior Vice President
$270,248
$183,718 No related comp$86,530
Annemarie Lee
Vice President
$260,647
$195,748 No related comp$64,899
Matthew P Calnan
Vice President
$219,599
$164,179 No related comp$55,420
John J D'Alessandro
Former Senior Vice President
$161,964
$140,792 No related comp$21,172
Maura Villanova
Reports Specialist
$143,378
$101,335 No related comp$42,043

Benchmark Employee Compensation

Non-Employee Board Members

Robert W Terravecchia Jr
Director
$22,400
$22,400 No related compNo other comp
Mark R O'Connell Ended 32023
Director
$19,100
$19,100 No related compNo other comp
Peter G Brown
Director
$15,300
$15,300 No related compNo other comp
Edward F Manzi Jr
Director
$15,300
$15,300 No related compNo other comp
Andrew J Raczka
Director
$14,900
$14,900 No related compNo other comp
Steven E Lowell Ended 32023
Director
$13,800
$13,800 No related compNo other comp
Raiji L Vaisanen
Director
$11,500
$11,500 No related compNo other comp
David G Falwell
Director
$11,000
$11,000 No related compNo other comp
Robert S Karam
Director
$10,500
$10,500 No related compNo other comp
Jeffrey Worth
Director
$9,500
$9,500 No related compNo other comp
Donna L Boulanger
Director
$9,000
$9,000 No related compNo other comp
John Battaglia Ended 32023
Director
$8,500
$8,500 No related compNo other comp

Contractors

Longfellow Investment Mgmt Company
Investment Management
$272,747
David Elliot
Transition Consulting
$175,000
The Brennan Group
Lobbying/Strategic Planning
$125,040
Synergistic Online Solutions
Internet Programming
$114,600

Mission Statement

INSURES THOSE DEPOSITS IN EXCESS OF THE FDIC LIMITS AND ALSO PROVIDES TEMPORARY LIQUIDITY TO MEMBER BANKS BY MAKING LOANS TO THEM, SECURED BY MEMBER BANKS' ASSETS.

Revisions to this organization profile

July 28, 2025:
2024 Depositors Insurance Fund 990 filed
August 12, 2024:
2023 Depositors Insurance Fund 990 filed
August 15, 2023:
2022 Depositors Insurance Fund 990 filed

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