Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 04-2628271

MASSACHUSETTS BANKERS ASSOC INC GROUP INSURANCE TRUST

Tax-exempt · BOSTON, MA 02109

Financials

$170K$201K2023$172K$120K2024$211K$130K2025
Revenue Expenses · by fiscal year end
Financials of MASSACHUSETTS BANKERS ASSOC INC GROUP INSURANCE TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$210,718$129,856$80,862$5,524,647$92,375$5,432,272
December 31, 2024990$172,130$120,278$51,852$4,987,714$81,210$4,906,504
December 31, 2023990$169,616$200,529-$30,913$5,054,551$71,880$4,982,671
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$33,855
Investment income
$176,863
Net gain from sales of assets
$45,899
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$7,824
Accounting fees
$22,395

Balance sheet and other

Total assets, start of year
$4,987,714
Total assets, end of year
$5,524,647
Total liabilities, end of year
$92,375
Net assets, end of year
$5,432,272
Publicly traded securities
$5,173,429
Gross unrelated business income
$173,732
Gross receipts
$3,007,988
Employees
0
Volunteers
14
Year formed
1953
State of legal domicile
MA

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 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
CHERYL CORMANCO-CHAIR/TRUSTEE
Trustee or director, Officer
1$0
BRETT DEANCHAIRMAN/TRUSTEE
Trustee or director, Officer
1$0
CHUCK LEACHTRUSTEE
Trustee or director
1$0
KARA CLARKTRUSTEE
Trustee or director
1$0
MICHAEL R WHEELERTRUSTEE
Trustee or director
1$0
MARIA VAFIADESTRUSTEE
Trustee or director
1$0
MATTHEW BURKETRUSTEE
Trustee or director
1$0
JAMES FERRARATRUSTEE
Trustee or director
1$0
KATHLEEN MURPHYTREASURER/TRUSTEE
Trustee or director, Officer
1$0
MARGARET SULLIVANTRUSTEE
Trustee or director
1$0
WILLIAM TSOULESSVP/CFO (ENDED 03/2025)
Officer
1$0
CHAD POOKVP OF ADMINISTRATION
Officer
1$0
TANYA DUNCANEVP, REVENUE & STRATEGY
Officer
1$0
JOESEPH T COLAGIOVANNISVP/CFO (AS OF 06/2025)
Officer
1$0
990 for the year ended December 31, 2024: 13 people
NameTitleHours / weekCompensation
CHERYL CORMANCO-CHAIR/TRUSTEE
Trustee or director, Officer
1$0
BRETT DEANCHAIRMAN/TRUSTEE
Trustee or director, Officer
1$0
CHUCK LEACHTRUSTEE
Trustee or director
1$0
KARA CLARKTRUSTEE
Trustee or director
1$0
MICHAEL R WHEELERTRUSTEE
Trustee or director
1$0
MARIA VAFIADESTRUSTEE
Trustee or director
1$0
MATTHEW BURKETRUSTEE
Trustee or director
1$0
JAMES FERRARATRUSTEE
Trustee or director
1$0
KATHLEEN MURPHYTREASURER/TRUSTEE
Trustee or director, Officer
1$0
MARGARET SULLIVANTRUSTEE
Trustee or director
1$0
WILLIAM TSOULESSVP/CFO
Officer
1$0
CHAD POOKVP OF ADMINISTRATION
Officer
1$0
TANYA DUNCANEVP, REVENUE & STRATEGY
Officer
1$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
CHERYL CORMANCO-CHAIR/TRUSTEE
Trustee or director, Officer
1$0
BRETT DEANCHAIRMAN/TRUSTEE
Trustee or director, Officer
1$0
CHUCK LEACHTRUSTEE
Trustee or director
1$0
KARA CLARKTRUSTEE
Trustee or director
1$0
MICHAEL R WHEELERTRUSTEE
Trustee or director
1$0
MARIA VAFIADESTRUSTEE
Trustee or director
1$0
MATTHEW BURKETRUSTEE
Trustee or director
1$0
JAMES FERRARATRUSTEE
Trustee or director
1$0
KATHLEEN MURPHYTREASURER/TRUSTEE
Trustee or director, Officer
1$0
MARGARET SULLIVANTRUSTEE
Trustee or director
1$0
WILLIAM TSOULESSVP/CFO
Officer
1$0
CHAD POOKDIRECTOR OF ADMIN
Officer
1$0
TANYA DUNCANCOO
Officer
1$0

Address and contacts

Address (IRS master file)
200 STATE ST STE 701, BOSTON, MA 02109-2655
In care of
% FRANCESCA BERTOLINO
Principal officer (990 for 2025)
JOSEPH T COLAGIOVANNI, 200 STATE STREET SUITE 701, BOSTON, MA 02109
Signed the 990
JOSEPH T COLAGIOVANNI, SVP/CFO
Phone
(617) 523-7595
Return prepared by
WOLF & COMPANY PC

Mission

THE TRUST IS OPERATED FOR THE PURPOSE OF PROVIDING VARIOUS TYPES OF INSURANCE TO MEMBER BANKS' EMPLOYEES AT COSTS WHICH ARE LESS THAN THOSE OBTAINABLE ON AN INDIVIDUAL BANK BASIS.

990 for the year ended December 31, 2025

Program accomplishments

  • PROVIDE INSURANCE COVERAGE TO MEMBER BANKS' EMPLOYEES

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-2628271
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
1977
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,524,647
Income (IRS master file)
$3,007,988

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$210,718$129,856$5,524,647XML
990December 2024$172,130$120,278$4,987,714IRS
990December 2023$169,616$200,529$5,054,551XML
990December 2022$176,489$78,093$5,036,501IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 04-2628271).

Questions about MASSACHUSETTS BANKERS ASSOC INC GROUP INSURANCE TRUST

What is the EIN of MASSACHUSETTS BANKERS ASSOC INC GROUP INSURANCE TRUST?
The employer identification number (EIN) of MASSACHUSETTS BANKERS ASSOC INC GROUP INSURANCE TRUST is 04-2628271.
Is MASSACHUSETTS BANKERS ASSOC INC GROUP INSURANCE TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1977.
Are donations to MASSACHUSETTS BANKERS ASSOC INC GROUP INSURANCE TRUST tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MASSACHUSETTS BANKERS ASSOC INC GROUP INSURANCE TRUST file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MASSACHUSETTS BANKERS ASSOC INC GROUP INSURANCE TRUST 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 ASSOC INC GROUP INSURANCE TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of MASSACHUSETTS BANKERS ASSOC INC GROUP INSURANCE TRUST?
The 990 for the year ended December 31, 2025 names JOSEPH T COLAGIOVANNI.
Who are the officers and directors of MASSACHUSETTS BANKERS ASSOC INC GROUP INSURANCE TRUST?
The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
How much revenue does MASSACHUSETTS BANKERS ASSOC INC GROUP INSURANCE TRUST have?
On its 990 for the year ended December 31, 2025 it reported revenue of $210,718, expenses of $129,856 and total assets of $5,524,647 at year end.

Other nonprofits in BOSTON

All nonprofits in BOSTON · Massachusetts