NonprofitsMassachusetts Higher Education Assistance Corporation

Massachusetts Higher Education Assistance Corporation

BOSTON, MA

Total revenue

$153.6M

Total expenses

$114.9M

Net assets

$986.7M

Grants received

$4.9M

7 grants

EIN

042254705

Tax year

2024

Mission

Provide access to and conduct activities in furtherance of higher education.

Programs

1 program

Middle and high school activities: mheac engages in a variety of activities in furtherance of higher education. The mission is to help students know themselves, know their options, and make informed decisions to achieve their education and career goals. Asa is committed to helping students explore education and career options starting in middle school, experiment through hands-on opportunities, and execute a plan to meet their goals. Asa's innovative programs and partnerships, combined with a robust research agenda and advocacy platform, enable asa to provide meaningful impact to young people on a national scale.

Expenses: $65.7MGrants: $20.1M

Financials

FY 2024

Revenue

Contributions & grants$448K
Program service revenue$75.9M
Investment income$77.2M
Other revenue$94K
Total revenue$153.6M

Expenses

Grants paid$20.4M
Salaries & benefits$16.8M
Fundraising
Other expenses$77.7M
Total expenses$114.9M
Total assets$1.1B
Net assets$986.7M

People

25 listed

NameRoleCompensation

JEAN EDDY

PRESIDENT/CEO/DIRECTOR

Board

$543K

40 hrs/wk

ANGELINE L CASTERA

COO/CHIEF PEOPLE OFFICER

Board

$314K

40 hrs/wk

JOHN CHRISTOPHER SHEEHAN

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

Board

$298K

40 hrs/wk

LAWRENCE H GENNARI

DIR/CHAIR OF BOARD/CHAIR

Board

$79K

4 hrs/wk

CAROL FULP

DIRECTOR/CHAIR OF COMPENSATION

Board

$71K

1 hrs/wk

CARLA THOMPSON

DIR/CHAIR OF IMPACT INVESTING

Board

$61K

1 hrs/wk

KEN JONES

DIR./CHAIR OF AUDIT COMMITTEE

Board

$61K

2 hrs/wk

THOMAS GRAF

DIR./CHAIR OF INV COMMITTEE

Board

$53K

1 hrs/wk

MARGARET NG

DIRECTOR

Board

$50K

1 hrs/wk

STEPHANIE CRIMMINS

DIRECTOR

Board

$50K

1 hrs/wk

ALEX RAPPAPORT

DIRECTOR

Board

$50K

1 hrs/wk

DANIEL ACHEAMPONG

DIRECTOR

Board

$38K

1 hrs/wk

JD LAROCK

DIRECTOR

Board

1 hrs/wk

RILWAN MEERAN

VP MISSION IMPACT INVESTING

Staff

$328K

40 hrs/wk

CLAY COLARUSSO

CMO & SVP DIGITAL STRATEGY

Staff

$298K

40 hrs/wk

CAMERON F LOGAN PHD

VICE PRESIDENT OF TECHNOLOGY

Staff

$282K

40 hrs/wk

ALISA WILKE

SVP PRODUCT OPERATIONS

Staff

$268K

40 hrs/wk

JULIE LAMMERS

SVP ADVOCACY & CORP RESP

Staff

$259K

40 hrs/wk

JUDY GOLDSTEIN

SVP PUBLIC RELATIONS COMMUNICATIONS

Staff

$256K

40 hrs/wk

KYLE G MORIN

VP HEAD OF FINANCE

Staff

$245K

40 hrs/wk

BARBARA MATEZ

EVP & CFO

Staff

$242K

40 hrs/wk

ANDREW DYKE

SR. DIRECTOR OF TECHNOLOGY

Staff

$240K

40 hrs/wk

JAMES G SMITH

VICE PRESIDENT OF MARKETING

Staff

$218K

40 hrs/wk

ROBIN M GILBERT

VP, PEOPLE & CULTURE

Staff

$201K

40 hrs/wk

ALAN WHITE

VP/RESEARCH & DATA ANALYTICS

Staff

$198K

40 hrs/wk

Independent contractors

ECMC

GUARANTOR SERVICES

$27.9M

WUNDERMAN THOMPSON LLC

DATA ENGINEERING

$3.6M

ALLIANTS LIMITED

DATA ENGINEERING

$3.3M

TIKTOK INC

SOCIAL MEDIA

$2.1M

PA CONSULTING GROUP

CONSULTING SERVICES

$1.2M

Grants received

Showing 7 of 7

Funded by

$4.9M from 1 funder · 7 grants · 2017–2023

Massachusetts Education & Career

$4.9M · 7 grants · 2017–2023

Details

EIN042254705
Subsection03
Ruling date1958-12
Formed1956
Employees93
Volunteers0
MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION — Mission, Financials & Grants Received | Grantivo