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← MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION

Form 990 for tax year 2024

Filed by MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION.

Totals

Total revenue
$153,640,929
Total expenses
$114,855,624
Contributions and grants received
$448,272
Grants paid
$20,394,926
Program services expenses (Part IX)
$90,637,773
Management and general expenses
$24,217,851
Fundraising expenses
$0
Program service expenses (Part III)
$90,637,773

Program services were 78.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JEAN EDDY

    PRESIDENT/CEO/DIRECTOR

    Total calculated
    $581,339
    From this org
    $543,395
    From related orgs
    $0
    Other
    $37,944
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $531,949
    Bonus
    $0
    Other
    $11,446
    Deferred
    $24,150
    Nontaxable benefits
    $13,794
    Filer's total
    $581,339

  • ALEX RAPPAPORT

    DIRECTOR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CARLA THOMPSON

    DIR/CHAIR OF IMPACT INVESTING

    Total calculated
    $60,500
    From this org
    $60,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CAROL FULP

    DIRECTOR/CHAIR OF COMPENSATION

    Total calculated
    $70,500
    From this org
    $70,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • THOMAS GRAF

    DIR./CHAIR OF INV COMMITTEE

    Total calculated
    $53,000
    From this org
    $53,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • KEN JONES

    DIR./CHAIR OF AUDIT COMMITTEE

    Total calculated
    $60,500
    From this org
    $60,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • LAWRENCE H GENNARI

    DIR/CHAIR OF BOARD/CHAIR

    Total calculated
    $78,500
    From this org
    $78,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • DANIEL ACHEAMPONG

    DIRECTOR

    Total calculated
    $37,500
    From this org
    $37,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • MARGARET NG

    DIRECTOR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • STEPHANIE CRIMMINS

    DIRECTOR

    Total calculated
    $50,000
    From this org
    $50,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JD LAROCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGELINE L CASTERA

    COO/CHIEF PEOPLE OFFICER

    Total calculated
    $383,513
    From this org
    $313,565
    From related orgs
    $0
    Other
    $69,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $304,123
    Bonus
    $0
    Other
    $9,442
    Deferred
    $22,987
    Nontaxable benefits
    $46,961
    Filer's total
    $383,513

  • JOHN CHRISTOPHER SHEEHAN

    VP & GENERAL COUNSEL (UNTIL 12/31/24)

    Total calculated
    $334,265
    From this org
    $297,658
    From related orgs
    $0
    Other
    $36,607
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,974
    Bonus
    $0
    Other
    $10,684
    Deferred
    $20,918
    Nontaxable benefits
    $15,689
    Filer's total
    $334,265

  • RILWAN MEERAN

    VP MISSION IMPACT INVESTING

    Total calculated
    $396,335
    From this org
    $328,463
    From related orgs
    $0
    Other
    $67,872
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,101
    Bonus
    $0
    Other
    $8,362
    Deferred
    $19,561
    Nontaxable benefits
    $48,311
    Filer's total
    $396,335

  • CLAY COLARUSSO

    CMO & SVP DIGITAL STRATEGY

    Total calculated
    $358,923
    From this org
    $297,573
    From related orgs
    $0
    Other
    $61,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,643
    Bonus
    $0
    Other
    $7,930
    Deferred
    $21,457
    Nontaxable benefits
    $39,893
    Filer's total
    $358,923

  • CAMERON F LOGAN PHD

    VICE PRESIDENT OF TECHNOLOGY

    Total calculated
    $335,597
    From this org
    $281,700
    From related orgs
    $0
    Other
    $53,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,258
    Bonus
    $0
    Other
    $9,442
    Deferred
    $8,839
    Nontaxable benefits
    $45,058
    Filer's total
    $335,597

  • JULIE LAMMERS

    SVP ADVOCACY & CORP RESP

    Total calculated
    $322,397
    From this org
    $258,824
    From related orgs
    $0
    Other
    $63,573
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,894
    Bonus
    $0
    Other
    $7,930
    Deferred
    $18,745
    Nontaxable benefits
    $44,828
    Filer's total
    $322,397

  • KYLE G MORIN

    VP HEAD OF FINANCE

    Total calculated
    $302,495
    From this org
    $245,156
    From related orgs
    $0
    Other
    $57,339
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,226
    Bonus
    $0
    Other
    $7,930
    Deferred
    $17,771
    Nontaxable benefits
    $39,568
    Filer's total
    $302,495

  • JUDY GOLDSTEIN

    SVP PUBLIC RELATIONS COMMUNICATIONS

    Total calculated
    $303,619
    From this org
    $256,189
    From related orgs
    $0
    Other
    $47,430
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,025
    Bonus
    $0
    Other
    $5,164
    Deferred
    $18,316
    Nontaxable benefits
    $29,114
    Filer's total
    $303,619

  • ALISA WILKE

    SVP PRODUCT OPERATIONS

    Total calculated
    $332,201
    From this org
    $267,636
    From related orgs
    $0
    Other
    $64,565
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $258,194
    Bonus
    $0
    Other
    $9,442
    Deferred
    $19,636
    Nontaxable benefits
    $44,929
    Filer's total
    $332,201

  • JAMES G SMITH

    VICE PRESIDENT OF MARKETING

    Total calculated
    $274,380
    From this org
    $217,719
    From related orgs
    $0
    Other
    $56,661
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,357
    Bonus
    $0
    Other
    $8,362
    Deferred
    $15,910
    Nontaxable benefits
    $40,751
    Filer's total
    $274,380

  • ALAN WHITE

    VP/RESEARCH & DATA ANALYTICS

    Total calculated
    $256,571
    From this org
    $198,366
    From related orgs
    $0
    Other
    $58,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,956
    Bonus
    $0
    Other
    $2,410
    Deferred
    $12,785
    Nontaxable benefits
    $45,420
    Filer's total
    $256,571

  • ANDREW DYKE

    SR. DIRECTOR OF TECHNOLOGY

    Total calculated
    $265,290
    From this org
    $239,787
    From related orgs
    $0
    Other
    $25,503
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,647
    Bonus
    $0
    Other
    $2,140
    Deferred
    $16,872
    Nontaxable benefits
    $8,631
    Filer's total
    $265,290

  • ROBIN M GILBERT

    VP, PEOPLE & CULTURE

    Total calculated
    $218,489
    From this org
    $201,210
    From related orgs
    $0
    Other
    $17,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,390
    Bonus
    $0
    Other
    $9,820
    Deferred
    $4,799
    Nontaxable benefits
    $12,480
    Filer's total
    $218,489

  • BARBARA MATEZ

    EVP & CFO

    Total calculated
    $253,543
    From this org
    $241,995
    From related orgs
    $0
    Other
    $11,548
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $241,995
    Deferred
    $0
    Nontaxable benefits
    $11,548
    Filer's total
    $253,543

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
BARBARA MATEZ RECEIVED $253,543 OF SEVERANCE IN 2024.
PART II, COLUMN C:
ASA MATCHES EMPLOYEES' CONTRIBUTIONS TO THE SECTION 403(B) PLAN UP TO A DISCRETIONARY PERCENTAGE SET ANNUALLY BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH IRS GUIDELINES AND LIMITS. AMOUNTS ACCRUED AT YEAR END ARE INCLUDED IN SCHEDULE J, PART II, COLUMN C.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202513169349302006

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.