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Organizations Massachusetts Bankers Association Inc.

Massachusetts Bankers Association Inc.

Fiscal year ending 2023. Filed on November 4, 2024.

One Washington Mall 8th Floor
Boston, Massachusetts 02108

Massachusetts Bankers Association Inc. (EIN: 04-1589780) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Massachusetts Bankers Association Inc., a 501(c)(6) business league, reported compensation for 8 out of 22 total employees. Among the employees shown here, the average compensation is $340,172. The highest compensated employee at Massachusetts Bankers Association Inc. is Kathleen Murphy with fiscal year 2023 compensation of $948,666.

Revenue, expenses, and employee compensation

Revenue

$7,749,904

Expenses

$7,004,460

Employee compensation

$3,500,776
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kathleen Murphy
President and Chief Executive Officer and Director
$948,666
$778,866 No related comp$169,800
Tanya M Duncan
Executive Vice President, Revenue and Strategy
$386,980
$348,524 No related comp$38,456
Brad S Papalardo
Clerk/Svp Gov'T Affairs and Counsel
$298,752
$265,388 No related comp$33,364
William Tsoules
Senior Vice President and CFO, Director
$260,864
$229,264 No related comp$31,600
Benjamin Craigie
Senior Vice President, Professional Development Group
$238,798
$208,389 No related comp$30,409
Annie Coldstream
Vice President of Member Engagement and Human Resources
$204,195
$175,470 No related comp$28,725
Jon Karl Skarin
Executive Vice President, Legislative and Regula
$203,333
$203,333 No related compNo other comp
Meghan McCarthy
Vice President, Professional Developme
$179,790
$162,566 No related comp$17,224

Benchmark Employee Compensation

Non-Employee Board Members

Anne Tangen
Director
Denis A Sheahan
Director
Elizabeth J Oliver
Director
Harold M Horvat
Director
James M Dunphy
Director
Jeffrey A Worth
Director
Kathleen C Marcum
Director
Lisa Murray
Director
Mark R O'Connell
Former Chair
Martin F Connors
Director
Matthew S Sosik
Director
Meg D McIsaac
Chair and Director

Contractors

Joyce & Joyce LLC
Legal
$110,000

Mission Statement

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.

Revisions to this organization profile

November 14, 2025:
2024 Massachusetts Bankers Association Inc. 990 filed
November 4, 2024:
2023 Massachusetts Bankers Association Inc. 990 filed
November 15, 2023:
Amended (originally filed November 8, 2023)2022 Massachusetts Bankers Association Inc. 990 filed

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