Massachusetts Bar Institute Inc
Nonprofit profile at a glance
- EIN
- 043293798
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Boston, MA, USA
- Phone
- 6173380500
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $955,566
- Expenses
- $1,464,765
- Assets
- $1,323,022
- Liabilities
- $18,338,025
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- VICTORIA M SANTORO MAIR (PRESIDENT)
- MICHAEL H HAYDEN (PRESIDENT-ELECT)
- SAMUEL A SEGAL (VICE PRESIDENT)
- PATRICIA O WALSH (EXEC. VICE PRESIDENT, MBA INSURANCE AGENCY)
- TERENCE WELSH (PRESIDENT, MBA INSURANCE AGENCY)
Highest reported compensation
- TERENCE WELSH (PRESIDENT, MBA INSURANCE AGENCY): $618,721 total reported compensation
- MARTIN W HEALY (CHIEF OPERATING OFFICER & CHIEF LEGAL COUNSEL): $596,436 total reported compensation
- PATRICIA O WALSH (EXEC. VICE PRESIDENT, MBA INSURANCE AGENCY): $319,136 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The institute develops and delivers educational programs; publishes scholarly publications; develops and implements community and public service programs; and promotes the administration of justice and respect for the law.
What it reported doing in 2024
Educational seminars and conferences
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 68% for direct work, and 32% for affiliated organizations.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 70
- Accountability: 86
- Sustainability: 15
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 67.2%; rating input score 67
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -53.3%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.9; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 13.86; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 20.5%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 10.1% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 0.6% per year; rating input score 100; 17th percentile among comparable filings
- Asset growth: -2.8% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 67.2% of spending went to programs
- Governance: 14 of 14 board members independent · 6 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $984K in reported program spending
- Leadership: top reported pay $619K · 21 people listed · 1 of 6 pay-setting controls reported
- Consistency: 25 of 25 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.
- High — Sustainability: Officer compensation ratio scored 14/100.