Massachusetts Association Of Contributory Retirement Systemsinc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237411603 ✦ Springfield, MA ✦ Designated as a 501(c)(6)

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Overview

What is Massachusetts Association Of Contributory Retirement Systemsinc?

Massachusetts Association Of Contributory Retirement Systemsinc is a nonprofit organization based in Springfield, Massachusetts. Their primary goal is to preserve and strengthen the public retirement systems within the Commonwealth of Massachusetts. They achieve this mission through various means, including education, information exchange, and legislative advocacy. With a team of four dedicated individuals, they work tirelessly to ensure the sustainability and effectiveness of these retirement systems.


Official website here: www.macrs.org

Is Massachusetts Association Of Contributory Retirement Systemsinc legitimate?

Massachusetts Association Of Contributory Retirement Systemsinc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Massachusetts Association Of Contributory Retirement Systemsinc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $68,484
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.macrs.org

What is the mission statement of Massachusetts Association Of Contributory Retirement Systemsinc?

The Massachusetts Association of Contributory Retirement Systemsinc is dedicated to preserving and strengthening the public retirement systems within the Commonwealth of Massachusetts. They accomplish this goal through various means, including education, information exchange, and advocacy in the form of legislation. This organization serves to enhance and safeguard the retirement benefits for the public sector, ensuring their continued strength and effectiveness. By providing a platform for knowledge exchange and advocating for favorable legislative changes, they work towards the long-term sustainability and improvement of these retirement systems.


Official website here: www.macrs.org

Who is the CEO of Massachusetts Association Of Contributory Retirement Systemsinc?

Robert Moynihan is the President of Massachusetts Association Of Contributory Retirement Systemsinc.


Official website here: www.macrs.org

What is the revenue of Massachusetts Association Of Contributory Retirement Systemsinc?

Massachusetts Association Of Contributory Retirement Systemsinc's revenue in 2022 was $393,697.


Official website here: www.macrs.org

Who are the executives of Massachusetts Association Of Contributory Retirement Systemsinc and what are their salaries?

The average compensation at Massachusetts Association Of Contributory Retirement Systemsinc during 2022 was $17,121. There are 4 employees at Massachusetts Association Of Contributory Retirement Systemsinc.


Here are 20 key members and their salaries:


Kathleen Kiely-Becchetti (President)
  • Compensation: $18,720
  • Related: $0
  • Other: $0
John Brown (Vice Preside)
  • Compensation: $16,588
  • Related: $0
  • Other: $0
Robert Moynihan (Treasurer)
  • Compensation: $16,588
  • Related: $0
  • Other: $0
Robert Ward (Secretary)
  • Compensation: $16,588
  • Related: $0
  • Other: $0
Scott Albanese (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Biagiotti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Cutter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denis Devine (Past Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Fitzpatrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Hennessy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Hughes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Jordan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edwin Little (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Maloney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George F Mccray (Past Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael O'Reilly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosario Sacco (Past Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl J Schmaelzle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Sciara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Welch (Past Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.macrs.org

Where can I find the form 990 for Massachusetts Association Of Contributory Retirement Systemsinc?

Massachusetts Association Of Contributory Retirement Systemsinc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.macrs.org

Learn more at the official website: www.macrs.org

Mission Statement of Massachusetts Association Of Contributory Retirement Systemsinc

Massachusetts Association of Contributory Retirement Systemsinc is committed to preserving and strengthening the public retirement systems within the Commonwealth of Massachusetts. This nonprofit organization achieves its mission by focusing on education, information exchange, and legislation. By doing so, it aims to enhance the stability and effectiveness of the retirement systems in the state. Through its efforts, Massachusetts Association of Contributory Retirement Systemsinc plays a crucial role in ensuring the financial security of public retirees in Massachusetts.

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Impact




October, 2024

The Massachusetts Association of Contributory Retirement Systems plays a crucial role in the preservation and strengthening of public retirement systems throughout the Commonwealth of Massachusetts. By focusing on education, information exchange, and legislative advocacy, the organization enhances the understanding and effectiveness of retirement systems for public employees.

Its efforts foster collaboration among various stakeholders, ensuring that policymakers, administrators, and the public are well-informed about retirement benefits and challenges. This interaction not only promotes transparency but also enhances the sustainability of retirement systems, ultimately benefiting the financial security of public sector employees. Through its educational initiatives, the organization empowers trustees and decision-makers to make informed choices that affect the future of public retirement plans.

By actively engaging in legislative discussions, the association advocates for policies that support the integrity and viability of retirement systems, addressing potential threats and promoting reforms that align with the needs of current and future retirees. This advocacy work is essential for maintaining robust retirement options for public employees in Massachusetts, thus contributing to a healthier economy and workforce stability in the state.




This information is meant to be a general summary of Massachusetts Association Of Contributory Retirement Systemsinc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$393,697 (2022)
Expenses
$325,187 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,565
  • Program Service Revenue: $392,132
  • Gross Receipts: $393,697

Assets and Liabilities:

  • Total Assets: $230,188
  • Total Liabilities: $1,164
  • Net Assets: $229,024

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONFERENCE REVENUES

Revenue

$309,732

MEMBER DUES

Revenue

$82,400

Organization Details

Founding Year

1971

Principal Officer

Robert Moynihan

Main Address

PO BOX 80042, SPRINGFIELD, MA, 01138

NTEE Category

Code: W60 - Public benefit

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