NonprofitsMutual Savings Central Fund Inc

Mutual Savings Central Fund Inc

WOBURN, MA

Total revenue

$15.0M

Total expenses

$4.0M

Net assets

$550.6M

Grants received

EIN

041647690

Tax year

2023

Mission

Insures those deposits in excess of the fdic limits and also provides temporary liquidity to member banks by making loans to them, secured by member banks' assets.

Programs

1 program

Deposit insurance fund was established in 1934 for the insurance of all deposits in massachusetts savings banks. Currently all massachusetts savings banks and cooperative banks are members of the fdic. Therefore, the fund currently insures only those deposits in excess of the fdic limits

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue
Investment income$15.0M
Other revenue
Total revenue$15.0M

Expenses

Grants paid
Salaries & benefits$2.9M
Fundraising
Other expenses$1.1M
Total expenses$4.0M
Total assets$551.2M
Net assets$550.6M

People

20 listed

NameRoleCompensation

ANDREW CALAMARE

PRESIDENT AND CEO

Board

$908K

35 hrs/wk

JUDITH JAVIDPOUR

EVP, CFO & TREASURER

Board

$380K

35 hrs/wk

ANNEMARIE LEE

VICE PRESIDENT

Board

$196K

35 hrs/wk

KARA M MCNAMARA

SENIOR VICE PRESIDENT

Board

$189K

30 hrs/wk

MATTHEW P CALNAN

SENIOR VICE PRESIDENT

Board

$169K

35 hrs/wk

ROBERT W TERRAVECCHIA JR

DIRECTOR

Board

$17K

2 hrs/wk

PETER G BROWN

DIRECTOR

Board

$17K

2 hrs/wk

EDWARD F MANZI JR

DIRECTOR

Board

$15K

2 hrs/wk

ANDREW J RACZKA ENDED 92024

DIRECTOR

Board

$12K

2 hrs/wk

DONNA BOULANGER ENDED 32024

DIRECTOR

Board

$12K

2 hrs/wk

JEFFREY WORTH

DIRECTOR

Board

$11K

2 hrs/wk

RAIJA L VAISANEN

DIRECTOR

Board

$9K

2 hrs/wk

DAVID G FALWELL

DIRECTOR

Board

$8K

2 hrs/wk

MEG MCISAAC

DIRECTOR

Board

$6K

2 hrs/wk

CAROL MCCLINTOCK

DIRECTOR

Board

$6K

2 hrs/wk

ROBERT J FRASER

DIRECTOR

Board

$6K

2 hrs/wk

ROBERT S KARAM

DIRECTOR

Board

$4K

2 hrs/wk

JOE BAPTISTA AS OF 92024

DIRECTOR

Board

2 hrs/wk

KAZ BORAWSKI AS OF 32024

DIRECTOR

Board

2 hrs/wk

MAURA VILLANOVA

REPORTS SPECIALIST

Staff

$105K

35 hrs/wk

Independent contractors

LONGFELLOW INVESTMENT MGMT COMPANY

INVESTMENT MGMT

$271K

THE BRENNAN GROUP

LOBBYING/STRATEGIC PLANNING

$125K

SYNERGISTIC ONLINE SOLUTIONS

INTERNET PROGRAMMING

$119K

Details

EIN041647690
Subsection14
Ruling date1952-10
Formed1932
Employees6
Volunteers0
MUTUAL SAVINGS CENTRAL FUND INC — Mission, Financials & Grants Received | Grantivo