MASSACHUSETTS BANKERS ASSOCIATION INC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- MASSACHUSETTS BANKERS ASSOCIATION INC (EIN 04-1589780)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-08-09
- IRS object ID
- 202102219349301400
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-08-09T09:43:50-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042689883 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WOLF & COMPANY PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 255 STATE STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 041589780 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MASSACHUSETTS BANKERS ASSOCIATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MASS | BusinessNameControlTxt |
| Phone | 6175237595 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE WASHINGTON MALL 8TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021082603 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | FRANCESCA BERTOLINO | PersonNm |
| Person Title | SVP/CFO | PersonTitleTxt |
| Phone | 6175237595 | PhoneNum |
| Signature | 2021-08-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | FRANCESCA | PersonFirstNm |
| Person Last | BERTOLINO | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 000009558 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HARRY A KALAJIAN JR CPA | PreparerPersonNm |
| PTIN | P00464296 | PTIN |
| Phone | 6174399700 | PhoneNum |
| Preparation | 2021-08-09 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | FRANCESCA G BERTOLINO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE WASHINGTON MALL 8TH FLOOR | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021082603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,893,279 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MASSBANKERS.ORG | WebsiteAddressTxt |
| Type Of Organization Assoc | Yes (X) | TypeOfOrganizationAssocInd |
| Formation | 1905 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE MBA WILL REPRESENT AND PROMOTE THE INTERESTS OF ITS MEMBER INSTITUTIONS AND THOSE OF THE MASSACHUSETTS AND NEW ENGLAND BANKING INDUSTRY OVERALL. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 21 | TotalEmployeeCnt |
| Total Volunteers | 20 | TotalVolunteersCnt |
| Total Gross UBI | $279,667 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $118,222 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,623,167 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,625,864 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,269,643 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,243,915 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,054,425 | PYInvestmentIncomeAmt |
| CY Investment Income | $480,735 | CYInvestmentIncomeAmt |
| PY Other Revenue | $13,918 | PYOtherRevenueAmt |
| CY Other Revenue | $13,227 | CYOtherRevenueAmt |
| PY Total Revenue | $7,961,153 | PYTotalRevenueAmt |
| CY Total Revenue | $5,363,741 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,329,105 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,152,771 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,320,152 | PYOtherExpensesAmt |
| CY Other Expenses | $1,649,301 | CYOtherExpensesAmt |
| PY Total Expenses | $6,649,257 | PYTotalExpensesAmt |
| CY Total Expenses | $4,802,072 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,311,896 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $561,669 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $13,836,803 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,371,850 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,111,595 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,243,979 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $10,725,208 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $11,127,871 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MASSACHUSETTS BANKERS ASSOCIATION REPRESENTS AND PROMOTES THE INTERESTS OF ITS MEMBER INSTITUTIONS AND THOSE OF THE MASSACHUSETTS AND NEW ENGLAND BANKING INDUSTRY OVERALL, AS WELL AS OFFERS QUALITY SERVICES THAT MEET THE NEEDS OF ITS BROAD-BASED CONSTITUENCY. THE MASSACHUSETTS BANKERS ASSOCIATION CARRIES OUT ITS MANDATE THROUGH LEGISLATIVE AND REGULATORY INITIATIVES, EDUCATION, MEDIA AND PUBLIC RELATIONS, CONSUMER EDUCATION, AND ASSISTS ITS MEMBERS TO COMPETE EFFECTIVELY IN A RAPIDLY EVOLVING FINANCIAL-SERVICES INDUSTRY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | THE MASSACHUSETTS BANKERS ASSOCIATION REPRESENTS AND PROMOTES THE INTERESTS OF ITS MEMBER INSTITUTIONS AND THOSE OF THE MASSACHUSETTS AND NEW ENGLAND BANKING INDUSTRY OVERALL, AS WELL AS OFFERS QUALITY SERVICES THAT MEET THE NEEDS OF ITS BROAD-BASED CONSTITUENCY. THE MASSACHUSETTS BANKERS ASSOCIATION CARRIES OUT ITS MANDATE THROUGH LEGISLATIVE AND REGULATORY INITIATIVES, EDUCATION, MEDIA AND PUBLIC RELATIONS, CONSUMER EDUCATION, AND ASSISTS ITS MEMBERS TO COMPETE EFFECTIVELY IN A RAPIDLY EVOLVING FINANCIAL-SERVICES INDUSTRY. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (1) | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 27 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 21 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANCESCA BERTOLINO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6175237595 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | ONE WASHINGTON MALL 8TH FL | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 021082603 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| NOBO SIRCAR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MEG MCLSAAC | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROL R MCCLINTOCK | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KATHLEEN C MARCUM | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARTIN F CONNORS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GIRARD R SARGENT | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL G MCAULIFFE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ROBERT J FRASER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SHIMNA SAMEER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN R WISEMAN | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LISA J OLIVER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PING YIN CHAI | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARK R O'CONNELL | |||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| THOMAS L MORTIMER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| STEVEN E LOWELL | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JANE C WALSH | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM M PARENT | |||||||
| IMMEDIATE PAST CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PATRICK J MURRAY | |||||||
| CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| PETER G BROWN | |||||||
| VICE CHAIRMAN | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| KEVIN M TIERNEY | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JON KARL SKARIN CLERK EVP | |||||||
| LEGISTLATIVE & REGULATORY | 40.00 | $384,403 | $0 | $37,113 | Yes (X) | ||
| KATHLEEN MURPHY | |||||||
| PRESIDENT & CEO (AS OF 09/2020) | 40.00 | $234,614 | $0 | $1,044 | Yes (X) | ||
| DANIEL J FORTE | |||||||
| PRESIDENT & CEO (RETIRED 10/2020) | 40.00 | $797,606 | $0 | $42,529 | Yes (X) | ||
| TANYA M DUNCAN | |||||||
| SVP CORPORATE POLICY | 40.00 | $252,471 | $0 | $33,263 | Yes (X) | ||
| KEVIN F KILEY | |||||||
| OF COUNSEL | 40.00 | $198,626 | $0 | $16,746 | Yes (X) | ||
| SCOTT GORMAN | |||||||
| GIT ADMINISTRATION | 40.00 | $145,605 | $0 | $25,188 | Yes (X) | ||
| FRANCESCA G BERTOLINO | |||||||
| SVP/CFO | 40.00 | $203,725 | $0 | $21,200 | Yes (X) | ||
| BEN CRAIGIE | |||||||
| DIR OF COMPLIANCE & TRAINI | 40.00 | $147,799 | $0 | $25,981 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,364,849 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $203,064 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HAMILTON CORNELL ASSOCIATES | |||||
| 222 NORTH STREET | HINGHAM | ME | 02043 | BANKER EDUCATION | $107,250 |
| BABSON EXECUTIVE CONFERENCE CENTER | |||||
| ONE EXECUTIVE EDUCATION CIRCLE | BABSON PARK | MA | 02457 | BANKER EDUCATION | $100,774 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $2,625,864 | MembershipDuesAmt |
| Total Contributions | $2,625,864 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| SCHOOL INCOME | 900099 | $1,081,682 | $1,081,682 | |
| ROYALTY INCOME | 900099 | $477,022 | $301,541 | $175,481 |
| ADMINISTRATIVE FEE | 900003 | $454,857 | $366,634 | $88,223 |
| SEMINARS | 900099 | $161,521 | $161,521 | |
| PUBLICATION SALES | 511190 | $45,833 | $29,870 | $15,963 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $23,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,000 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,243,915 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $168,919 | TotalRevenueColumnAmt |
| Exclusion | $168,919 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,841,354 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,529,538 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $311,816 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $311,816 | TotalRevenueColumnAmt |
| Exclusion | $311,816 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISC REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $13,227 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,227 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $13,227 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,363,741 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,977,475 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $279,667 | UnrelatedBusinessRevenueAmt |
| Exclusion | $480,735 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,416,623 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,554,246 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$126,780 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $234,547 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,135 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $180,801 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,509 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,998 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,101 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,506 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $360,760 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,987 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $361,349 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,919 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,392 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| TAXES | $27,917 |
| PROGRAM FEES | $125,950 |
| GOVERNMENT/MEMBER RELAT | $63,224 |
| BENEFIT ADMIN FEES | $30,277 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,611 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,802,072 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $882,308 | BOYAmt |
| EOY | $1,679,262 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,922,223 | BOYAmt |
| EOY | $1,200,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $288,696 | BOYAmt |
| EOY | $269,412 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,485,596 | BOYAmt |
| EOY | $4,130,429 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $855,969 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $710,669 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,479 | BOYAmt |
| EOY | $145,300 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,547,159 | BOYAmt |
| EOY | $6,428,443 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $355,516 | BOYAmt |
| EOY | $428,752 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $185,826 | BOYAmt |
| EOY | $90,252 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,836,803 | BOYAmt |
| EOY | $14,371,850 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $726,367 | BOYAmt |
| EOY | $773,981 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $829,411 | BOYAmt |
| EOY | $856,419 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,555,817 | BOYAmt |
| EOY | $1,613,579 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,111,595 | BOYAmt |
| EOY | $3,243,979 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,367,316 | BOYAmt |
| EOY | $10,893,621 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $357,892 | BOYAmt |
| EOY | $234,250 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,725,208 | BOYAmt |
| EOY | $11,127,871 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,836,803 | BOYAmt |
| EOY | $14,371,850 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $561,669 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $128,385 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$287,391 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | 0 | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | 0 | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | Yes (1) | AgreeCarryoverPriorYearInd |
| Dues Assessments | $2,625,864 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $323,025 | NonDeductibleLbbyngPltclCYAmt |
| Non Deductible Lbbyng Pltcl Tot | $323,025 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $369,984 | AggregateReportedDuesNtcAmt |
| Taxable | -$46,959 | TaxableAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE C, PART I-A, LINE 1 - LOBBYING | FormAndLineReferenceDesc |
| Explanation | THE ASSOCIATION HIRES LEGISLATIVE COUNSEL TO ASSIST ON CERTAIN REGULATORY AND LEGISLATIVE ISSUES ON BEHALF OF MEMBERS AT THE STATE LEVEL. | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $41,442 | OtherCostOrOtherBasisAmt |
| Depreciation | $41,442 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $659,423 | OtherCostOrOtherBasisAmt |
| Depreciation | $552,442 | DepreciationAmt |
| Book Value | $106,981 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $155,104 | OtherCostOrOtherBasisAmt |
| Depreciation | $116,785 | DepreciationAmt |
| Book Value | $38,319 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $145,300 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SERP LIABILITY | Desc |
| Amt | $1,613,579 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,613,579 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ASSOCIATION IS AN ORGANIZATION AS CONTEMPLATED BY IRC SECTION 501(C)(6) AND IS GENERALLY EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(A). CERTAIN INCOME OF THE MASSACHUSETTS BANKERS ASSOCIATION IS SUBJECT TO THE UNRELATED BUSINESS INCOME TAX ("UBIT") AND ACCORDINGLY, THE ASSOCIATION HAS BEEN FILING FEDERAL AND STATE TAX RETURNS TO REPORT UBIT. ALSO, THE ASSOCIATION'S FOR-PROFIT SUBSIDIARIES ARE SUBJECT TO FEDERAL AND STATE INCOME TAXATION. THE PROVISION FOR INCOME TAXES FOR THE ASSOCIATION FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, WHICH IS INCLUDED IN GENERAL AND ADMINISTRATIVE EXPENSES, IS COMPRISED OF THE FOLLOWING AMOUNTS: CURRENT: 2020 2019 FEDERAL $ 153,298 $ 52,515 STATE $ 71,176 $ 27,579 TOTAL PROVISION FOR INCOME TAXES $224,474 $ 80,094 INCLUDED IN THE PROVISION FOR INCOME TAXES WAS $35,107 AND $42,182 IN UBIT FOR THE YEARS-ENDED DECEMBER 31, 2020 AND 2019, RESPECTIVELY. TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE ASSOCIATION'S AND ITS FOR-PROFIT SUBSIDIARIES TAX RETURNS ARE REQUIRED TO BE EVALUATED TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET A MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ACCRUAL OR DISCLOSURE TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2020 AND 2019. ALL TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES AND ARE CURRENTLY OPEN TO AUDIT UNDER THE APPLICABLE STATUTES OF LIMITATION BY THE INTERNAL REVENUE SERVICE AND VARIOUS STATES FOR THE YEARS ENDED DECEMBER 31, 2017 THROUGH 2020. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DANIEL J FORTE | ||||||||||||||
| PRESIDENT & CEO (RETIRED 10/2020) | $492,484 | $0 | $150,000 | $0 | $155,122 | $0 | $17,100 | $0 | $25,429 | $0 | $840,135 | $0 | $0 | $0 |
| JON KARL SKARIN CLERK EVP | ||||||||||||||
| LEGISTLATIVE & REGULATORY | $328,593 | $0 | $55,000 | $0 | $810 | $0 | $16,790 | $0 | $20,323 | $0 | $421,516 | $0 | $0 | $0 |
| TANYA M DUNCAN | ||||||||||||||
| SVP CORPORATE POLICY | $217,875 | $0 | $32,274 | $0 | $2,322 | $0 | $14,669 | $0 | $18,594 | $0 | $285,734 | $0 | $0 | $0 |
| KATHLEEN MURPHY | ||||||||||||||
| PRESIDENT & CEO (AS OF 09/2020) | $158,654 | $0 | $0 | $0 | $75,960 | $0 | $0 | $0 | $1,044 | $0 | $235,658 | $0 | $0 | $0 |
| FRANCESCA G BERTOLINO | ||||||||||||||
| SVP/CFO | $173,759 | $0 | $26,228 | $0 | $3,738 | $0 | $11,768 | $0 | $9,432 | $0 | $224,925 | $0 | $0 | $0 |
| KEVIN F KILEY | ||||||||||||||
| OF COUNSEL | $129,087 | $0 | $0 | $0 | $69,539 | $0 | $9,018 | $0 | $7,728 | $0 | $215,372 | $0 | $0 | $0 |
| BEN CRAIGIE | ||||||||||||||
| DIR OF COMPLIANCE & TRAINI | $127,831 | $0 | $19,607 | $0 | $361 | $0 | $8,846 | $0 | $17,135 | $0 | $173,780 | $0 | $0 | $0 |
| SCOTT GORMAN | ||||||||||||||
| GIT ADMINISTRATION | $132,600 | $0 | $10,249 | $0 | $2,756 | $0 | $7,956 | $0 | $17,232 | $0 | $170,793 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | TRAVEL FOR COMPANIONS - SPOUSES ARE ALLOWED TO TRAVEL WITH SENIOR STAFF ON OCCASION FOR BUSINESS PURPOSES. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Sharing Of RevenuesSharingOfRevenuesInd | Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc |
|---|---|---|---|
| SEE PART V | |||
| 0 | |||
| PING YIN CHAI | |||
| 0 | PRESIDENT OF SALEM FIVE CENTS SAVINGS BANK | $1,107,340 | PING YIN CHAI IS A DIRECTOR OF MASSACHUSETTS BANKERS ASSOICATION (MBA). HE IS ALSO THE PRESIDENT OF SALEM FIVE CENTS SAVINGS BANK (SALEM 5). MBA HAS CHECKING ACCOUNTS AT SALEM 5 TOTALING $1,107,340 OF ASSETS IN THE BANK. THE FDIC INSURANCE ON SAID ACCOUNTS IS $250,000. EXCESS DEPOSITS ARE 100% INSURED BY THE DEPOSITORS INSURANCE FUND OF MASSACHUSETTS. MR. CHAI HAS NO INFLUENCE IN DECIDING WHERE THE ASSOCIATION DOES ITS BANKING. |
| CAROL MCCLINTOCK | |||
| 0 | CEO OF COMMONWEALTH COOPERATIVE BANK | $100,000 | CAROL MCCLINTOCK IS A DIRECTOR OF MASSACHUSETTS BANKERS ASSOICATION (MBA). SHE IS ALSO THE CEO OF COMMONWEALTH COOPERATIVE BANK. MBA HAS TWO CDS AT COMMONWEALTH COOPERATIVE BANK TOTALING $100,000 OF ASSETS IN THE BANK. THE FDIC INSURANCE ON SAID ACCOUNTS IS $250,000. EXCESS DEPOSITS ARE 100% INSURED BY THE DEPOSITORS INSURANCE FUND OF MASSACHUSETTS. MS. MCCLINTOCK HAS NO INFLUENCE IN DECIDING WHERE THE ASSOCIATION DOES ITS BANKING. |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART IV - BUSINESS TRANSACTIONS | FormAndLineReferenceDesc |
| Explanation | THE MASSACHUSETTS BANKERS ASSOCIATION IS THE BANKING TRADE ORGANIZATION REPRESENTING FINANCIAL INSTITUTIONS IN MASSACHUSETTS AND OTHER NEW ENGLAND STATES. MEMBERS OF ITS BOARD OF DIRECTORS ARE PRESIDENTS AND SENIORS POLICY-LEVEL OFFICERS OF MEMBER FINANCIAL INSTITUTIONS; SEVERALOF WHOM SERVE ON THE BOARD'S OF DIRECTORS OF OTHER BANK INDUSTRY RELATED ORGANIZATIONS AS PART OF THEIR COMMITMENT TO THE FINANCIAL INDUSTRY. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MASSACHUSETTS BANKERS ASSOCIATION IS A TRADE ASSOCIATION WHOSE MEMBERS CONSIST OF COMMERCIAL, SAVINGS & COOPERATIVE BANKS AS WELL AS SAVINGS & LOAN ASSOCIATIONS, INCLUDING COMMUNITY, REGIONAL AND NATIONAL BANKS. IT HAS ASSOCIATE MEMBERS WHO ARE PROVIDERS OF GOODS AND SERVICES TO THE BANKING INDUSTRY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS VOTE FOR THE ASSOCIATION'S OFFICERS AND BOARD OF DIRECTORS AT THE ANNUAL MEETING. MEMBERS ALSO VOTE ON ALL BUSINESS PRESENTED AT THE MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS VOTE FOR THE ASSOCIATION'S OFFICERS AND BOARD OF DIRECTORS AT THE ANNUAL MEETING. MEMBERS ALSO VOTE ON ALL BUSINESS PRESENTED AT THE MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE ASSOCIATION'S AUDITING FIRM AND REVIEWED BY ASSOCIATION STAFF, MANAGEMENT AND AUDIT COMMITTEE. THE FORM 990 WILL BE DISTRIBUTED TO THE AUDIT COMMITTEE FOR REVIEW PRIOR TO FILING WITH THE IRS. ALL FINANCIAL STATEMENTS INCLUDING TAX FILINGS ARE REVIEWED BY THE AUDIT COMMITTEE AND THE BOARD ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD AND MONITORED/ENFORCED AS OUTLINED BY THE POLICY SHOULD ISSUES ARISE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ASSOCIATION HAS A WRITTEN POLICY WHICH REQUIRES REVIEW AND APPROVAL OF ALL OFFICER COMPENSATION BY THE EXECUTIVE COMPENSATION COMMITTEE, AS WELL AS FULL BOARD OF DIRECTORS' APPROVAL OF THE PRESIDENT'S AND EXECUTIVE VICE PRESIDENTS' COMPENSATION. A VARIETY OF RESOURCES INCLUDING THIRD PARTY CONSULTANT ASSISTANCE AND SALARY DATA ARE UTILIZED. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS FILED WITH THE SECRETARY OF STATE AND ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | FAS 158 PENSION COSTS -287,391. |
| FORM 990, PART XII, LINE 2C | REVIEW OF FINANCIAL STATEMENTS THE ASSOCIATION'S AUDIT COMMITTEE CONSISTING OF BOARD MEMBERS, AS WELL AS THE FULL BOARD OF DIRECTORS, REVIEWS AND APPROVES THE AUDITED FINANCIAL STATEMENTS. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| MBA CHARITABLE FOUNDATION INC | ||||||||||
| ONE WASHINGTON MALL 8TH FLOOR | BOSTON | MA | 02108 | 043325424 | PROVIDE GRANT | MA | 501(C)(3) | PF | MBA | Yes (1) |
| MBA SCHOLARSHIP FOUNDATION | ||||||||||
| ONE WASHINGTON MALL 8TH FLOOR | BOSTON | MA | 02108 | 043460557 | PROVIDE GRANT | MA | 501(C)(3) | PF | MBA | Yes (1) |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MBA SERVICE CORPORATION | ||||||||||||
| ONE WASHINGTON MALL 8TH FLOOR | BOSTON | MA | 021082603 | 043226018 | ADMINISTRATIVE | MA | MBA | C | $75,000 | $358,091 | 1.00000 | 0 |
| MASSACHUSETTS FINANCIAL SERVICES INS | ||||||||||||
| ONE WASHINGTON MALL 8TH FLOOR | BOSTON | MA | 021082603 | 042680895 | INSURANCE | MA | MBA SVC CORP | C | $1,937,886 | $2,339,492 | 1.00000 | 0 |
| NEW ENGLAND FINANCIAL SERVICES INS | ||||||||||||
| ONE WASHINGTON MALL 8TH FLOOR | BOSTON | MA | 021082603 | 061031959 | INSURANCE | MA | MBA SVC CORP | C | $159,335 | $480,891 | 1.00000 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| NEW ENGLAND FINANCIAL SERVICES INS AGENCY | ||
| A | $8,839 | FMV |
| MASSACHUSETTS FIN SERVICES INS AGENCY | ||
| A | $79,384 | FMV |
| NEW ENGLAND FINANCIAL SERVICES INS AGENCY | ||
| Q | $83,223 | ACTUAL EXP |
| MASSACHUSETTS FIN SERVICES INS AGENCY | ||
| Q | $292,409 | ACTUAL EXP |