Nonprofit · EIN 04-3325424
MASSACHUSETTS BANKERS ASSOCIATION CHARITABLE FOUNDATION INC
Tax-exempt · BOSTON, MA 02109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $149,746 | $313,698 | -$163,952 | $2,694,504 | $87,516 | $2,606,988 |
| December 31, 2024 | 990-PF (amended) | $188,757 | $319,133 | -$130,376 | $2,663,573 | $171,806 | $2,491,767 |
| December 31, 2023 | 990-PF | $189,749 | $335,155 | -$145,406 | $2,524,742 | $87,020 | $2,437,722 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $61,571
- Interest
- $337
- Net gain from sales of assets
- $11,208
- Other income
- $76,630
Expenses
- Grants and similar amounts paid
- $194,850
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $312,698
- Excise tax on investment income
- $1,016
Balance sheet and other
- Total assets, start of year
- $2,663,573
- Total assets, end of year
- $2,694,504
- Total liabilities, end of year
- $87,516
- Net assets, end of year
- $2,606,988
- Fair market value of assets
- $2,694,504
- Qualifying distributions
- $312,698
- Net investment income
- $73,116
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD PAPALARDO 200 STATE STREET SUITE 701, BOSTON, MA 02109 | CLERK | 1 | $0 |
| KEVIN M TIERNEY SR 200 STATE STREET SUITE 701, BOSTON, MA 02109 | DIRECTOR | 1 | $0 |
| LISA R MURRAY 200 STATE STREET SUITE 701, BOSTON, MA 02109 | DIRECTOR | 1 | $0 |
| DENIS SHEAHAN 200 STATE STREET SUITE 701, BOSTON, MA 02109 | DIRECTOR | 1 | $0 |
| JAMES M DUNPHY 200 STATE STREET SUITE 701, BOSTON, MA 02109 | DIRECTOR | 1 | $0 |
| ANNE TANGEN 200 STATE STREET SUITE 701, BOSTON, MA 02109 | CHAIR | 1 | $0 |
| KATHLEEN MURPHY 200 STATE STREET SUITE 701, BOSTON, MA 02109 | PRESIDENT | 1 | $0 |
| JOSEPH COLAGIOVANNI 200 STATE STREET SUITE 701, BOSTON, MA 02109 | TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD PAPALARDO 200 STATE STREET SUITE 701, BOSTON, MA 02109 | CLERK | 1 | $0 |
| KEVIN M TIERNEY SR 200 STATE STREET SUITE 701, BOSTON, MA 02109 | DIRECTOR | 1 | $0 |
| LISA R MURRAY 200 STATE STREET SUITE 701, BOSTON, MA 02109 | DIRECTOR | 1 | $0 |
| DENNIS SHEEHAN 200 STATE STREET SUITE 701, BOSTON, MA 02109 | DIRECTOR | 1 | $0 |
| JAMES M DUNPHY 200 STATE STREET SUITE 701, BOSTON, MA 02109 | DIRECTOR | 1 | $0 |
| ROBERT FRAZER 200 STATE STREET SUITE 701, BOSTON, MA 02109 | CHAIRPERSON/DIRECTOR | 1 | $0 |
| KATHLEEN MURPHY 200 STATE STREET SUITE 701, BOSTON, MA 02109 | PRESIDENT | 1 | $0 |
| WILLIAM J TSOULES 200 STATE STREET SUITE 701, BOSTON, MA 02109 | SR. VP/TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRAD PAPALARDO ONE WASHINGTON MALL 8TH FLOOR, BOSTON, MA 021082603 | CLERK | 1 | $0 |
| KEVIN M TIERNEY SR ONE WASHINGTON MALL 8TH FLOOR, BOSTON, MA 021082603 | DIRECTOR | 1 | $0 |
| LISA R MURRAY ONE WASHINGTON MALL 8TH FLOOR, BOSTON, MA 021082603 | DIRECTOR | 1 | $0 |
| DENNIS SHEEHAN ONE WASHINGTON MALL 8TH FLOOR, BOSTON, MA 021082603 | DIRECTOR | 1 | $0 |
| JAMES M DUNPHY ONE WASHINGTON MALL 8TH FLOOR, BOSTON, MA 021082603 | DIRECTOR | 1 | $0 |
| ROBERT FRAZER ONE WASHINGTON MALL 8TH FLOOR, BOSTON, MA 021082603 | CHAIRPERSON/DIRECTOR | 1 | $0 |
| KATHLEEN MURPHY ONE WASHINGTON MALL 8TH FLOOR, BOSTON, MA 021082603 | PRESIDENT | 1 | $0 |
| WILLIAM J TSOULES ONE WASHINGTON MALL 8TH FLOOR, BOSTON, MA 021082603 | SR. VP/TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 200 STATE ST STE 701, BOSTON, MA 02109-2655
- In care of
- % FRANCESCA BERTOLINO
- Signed the 990-PF
- JOSEPH COLAGIOVANNI, SVP & CFO
- Phone
- (617) 523-7595
- Return prepared by
- WOLF & COMPANY PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 04-3325424
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Employment (J00Z)
- Assets (IRS master file)
- $2,694,504
- Income (IRS master file)
- $343,800
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $149,746 | $313,698 | $2,694,504 | IRS |
| 990-PF | December 2024 | $188,757 | $319,133 | $2,663,573 | XML |
| 990-PF | December 2023 | $189,749 | $335,155 | $2,524,742 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3325424).
Questions about MASSACHUSETTS BANKERS ASSOCIATION CHARITABLE FOUNDATION INC
- What is the EIN of MASSACHUSETTS BANKERS ASSOCIATION CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of MASSACHUSETTS BANKERS ASSOCIATION CHARITABLE FOUNDATION INC is 04-3325424.
- Is MASSACHUSETTS BANKERS ASSOCIATION CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to MASSACHUSETTS BANKERS ASSOCIATION CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MASSACHUSETTS BANKERS ASSOCIATION CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MASSACHUSETTS BANKERS ASSOCIATION CHARITABLE FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MASSACHUSETTS BANKERS ASSOCIATION CHARITABLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MASSACHUSETTS BANKERS ASSOCIATION CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does MASSACHUSETTS BANKERS ASSOCIATION CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $149,746, expenses of $313,698 and total assets of $2,694,504 at year end.
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