Nonprofit · EIN 04-3460557
MASSACHUSETTS BANKERS ASSOCIATION SCHOLARSHIP FOUNDATION
Tax-exempt · BOSTON, MA 02109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $44,006 | $47,185 | -$3,179 | $915 | $3,460 | -$2,545 |
| December 31, 2024 | 990-PF | $44,000 | $47,185 | -$3,185 | $658 | $25 | $633 |
| December 31, 2023 | 990-PF | $49,500 | $53,385 | -$3,885 | $3,843 | $25 | $3,818 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $44,000
- Other income
- $6
Expenses
- Grants and similar amounts paid
- $43,750
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $47,185
Balance sheet and other
- Total assets, start of year
- $658
- Total assets, end of year
- $915
- Total liabilities, end of year
- $3,460
- Net assets, end of year
- -$2,545
- Fair market value of assets
- $915
- Qualifying distributions
- $47,185
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 |
|---|---|---|---|
| JOSEPH COLAGIOVANNI 200 STATE STREET SUITE 701, BOSTON, MA 02109 | TREASURER | 1 | $0 |
| KATHLEEN MURPHY 200 STATE STREET SUITE 701, BOSTON, MA 02109 | PRESIDENT | 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 |
| 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 |
| BRAD PAPALARDO 200 STATE STREET SUITE 701, BOSTON, MA 02109 | CLERK | 1 | $0 |
| ANNE TANGEN 200 STATE STREET SUITE 701, BOSTON, MA 02109 | CHAIRPERSON/DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM J TSOULES 200 STATE STREET SUITE 701, BOSTON, MA 02109 | TREASURER | 1 | $0 |
| KATHLEEN MURPHY 200 STATE STREET SUITE 701, BOSTON, MA 02109 | PRESIDENT | 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 |
| 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 |
| BRAD PAPALARDO 200 STATE STREET SUITE 701, BOSTON, MA 02109 | CLERK | 1 | $0 |
| ROBERT FRAZER 200 STATE STREET SUITE 701, BOSTON, MA 02109 | CHAIRPERSON/DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM J TSOULES ONE WASHINGTON MALL 8TH FLOOR, BOSTON, MA 021082603 | TREASURER | 1 | $0 |
| KATHLEEN MURPHY ONE WASHINGTON MALL 8TH FLOOR, BOSTON, MA 021082603 | PRESIDENT | 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 |
| 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 |
| BRAD PAPALARDO ONE WASHINGTON MALL 8TH FLOOR, BOSTON, MA 021082603 | CLERK | 1 | $0 |
| ROBERT FRAZER ONE WASHINGTON MALL 8TH FLOOR, BOSTON, MA 021082603 | CHAIRPERSON/DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 200 STATE ST STE 701, BOSTON, MA 02109-2655
- Signed the 990-PF
- KATHLEEN MURPHY, PRESIDENT
- Phone
- (617) 502-3808
- 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
- 04-3460557
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $915
- Income (IRS master file)
- $44,006
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $44,006 | $47,185 | $915 | IRS |
| 990-PF | December 2024 | $44,000 | $47,185 | $658 | IRS |
| 990-PF | December 2023 | $49,500 | $53,385 | $3,843 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | 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 04-3460557).
Questions about MASSACHUSETTS BANKERS ASSOCIATION SCHOLARSHIP FOUNDATION
- What is the EIN of MASSACHUSETTS BANKERS ASSOCIATION SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of MASSACHUSETTS BANKERS ASSOCIATION SCHOLARSHIP FOUNDATION is 04-3460557.
- Is MASSACHUSETTS BANKERS ASSOCIATION SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to MASSACHUSETTS BANKERS ASSOCIATION SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MASSACHUSETTS BANKERS ASSOCIATION SCHOLARSHIP FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MASSACHUSETTS BANKERS ASSOCIATION SCHOLARSHIP FOUNDATION 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 SCHOLARSHIP FOUNDATION 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 SCHOLARSHIP FOUNDATION?
- 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 SCHOLARSHIP FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $44,006, expenses of $47,185 and total assets of $915 at year end.
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