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Massachusetts Higher Education Consortium

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

EIN: 042829767 ✦ Amherst, MA ✦ Designated as a 501(c)(3)

Overview

What is Massachusetts Higher Education Consortium?

The Massachusetts Higher Education Consortium is a nonprofit organization based in Amherst, Massachusetts. Composed of various nonprofit, public, and private institutions of higher education, technical schools, charter and vocational schools, libraries, municipalities, and educational nonprofit organizations within New England, its primary mission is to establish group purchase agreements for the benefit of its members. By promoting effective purchasing management, collecting and disseminating useful information, and providing advice to member organizations, the Consortium aims to enhance efficiency and cost savings for its approximately 2,645 members. With a workforce of 24 individuals, the Massachusetts Higher Education Consortium fosters cooperation among its members, contributing to the advancement of education in the New England region.


Official website here: www.mhec.net

Is Massachusetts Higher Education Consortium legitimate?

Massachusetts Higher Education Consortium is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Higher Education Consortium 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.

Here are some key statistics you may want to consider:

Executive Compensation: $322,064
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,331,955

For more financial information, click here


Official website here: www.mhec.net

What is the mission statement of Massachusetts Higher Education Consortium?

The Massachusetts Higher Education Consortium's mission is to establish group purchase agreements for the benefit of its member organizations. This is done to promote effective purchasing management, collect and disseminate useful information, and provide advice to these institutions. The consortium is composed of various non-profit, public, and private institutions of higher education, technical schools, charter and vocational schools, libraries, municipalities, and educational non-profit organizations located within New England. Membership is limited to specific types of institutions within this region.


Official website here: www.mhec.net

Who is the CEO of Massachusetts Higher Education Consortium?

Michael Di Yeso is the Director of Massachusetts Higher Education Consortium.


Official website here: www.mhec.net

What is the revenue of Massachusetts Higher Education Consortium?

Massachusetts Higher Education Consortium's revenue in 2023 was $4,125,037.


Official website here: www.mhec.net

Who are the executives of Massachusetts Higher Education Consortium and what are their salaries?

The average compensation at Massachusetts Higher Education Consortium during 2023 was $68,917. There are 24 employees and 9 volunteers at Massachusetts Higher Education Consortium.

Here are 14 key members and their salaries:

    Christopher Raymond (Director Of Contracts & Op)
  • Compensation: $170,468
  • Related: $0
  • Other: $27,735

    • Michael Di Yeso (Executive Director)
  • Compensation: $169,622
  • Related: $0
  • Other: $14,047

    • Judith Thornton (Director Of Business Servi)
  • Compensation: $114,936
  • Related: $0
  • Other: $26,908

    • Ulrike Monzillo (Senior Strategic Sourcing Manager)
  • Compensation: $100,694
  • Related: $0
  • Other: $26,148

    • Teresa Erman (Director Of Marketing)
  • Compensation: $108,347
  • Related: $0
  • Other: $16,632

    • Janet Garabedian (Business Development Manager)
  • Compensation: $110,239
  • Related: $0
  • Other: $8,160

    • Natasha Bizanos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Delaney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeff Dicaiccio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Durkin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tammy Tefft (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary Duggan (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Watkins (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Lagrassa (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mhec.net

    Where can I find the form 990 for Massachusetts Higher Education Consortium?

    The Massachusetts Higher Education Consortium’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.mhec.net

    Learn more at the official website: www.mhec.net

    Mission Statement of Massachusetts Higher Education Consortium

    The Massachusetts Higher Education Consortium, a collective of nonprofit, public, and private educational institutions, libraries, municipalities, and educational nonprofits, is dedicated to a significant mission. Its primary objective is to establish group purchase agreements that benefit its members, thereby promoting efficient purchasing management. The consortium also collects and disseminates useful information, advising its member organizations on effective purchasing strategies.

    In essence, the Massachusetts Higher Education Consortium serves as a collaborative platform for educational institutions within New England (including Maine, Vermont, New Hampshire, Massachusetts, Connecticut, and Rhode Island). Its membership is limited to non-profit public and private institutions of higher education, technical, charter, and vocational schools, libraries, municipalities, preparatory schools, and educational non-profit organizations located within the region. By pooling resources and knowledge, the consortium aims to foster cost-effective purchasing practices and facilitate the sharing of valuable information among its members.

    Impact

    This information is meant to be a general summary of Massachusetts Higher Education Consortium. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Massachusetts Higher Education Consortium, through its group purchasing agreements and promotion of effective purchasing management, plays a crucial role in helping its approximately 2,645 members, which include public and private institutions of higher education, schools, libraries, municipalities, and educational organizations within New England, to save costs and streamline their procurement processes. By offering guidance and support in cooperative purchasing, the Consortium contributes to enhancing the efficiency and financial sustainability of its member organizations.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $92,892
  • Program Service Revenue: $3,903,751
  • Gross Receipts: $8,218,098

    • Assets and Liabilities:
  • Total Assets: $8,738,537
  • Total Liabilities: $1,226,545
  • Net Assets: $7,511,992
  • Programs

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

    CONTRACT SERVICE FEES

    Revenue

    $3,552,186

    EXPO

    Revenue

    $321,465

    SUMMER EVENT

    Revenue

    $30,100

    Organization Details

    Founding Year

    1977

    Principal Officer

    Michael Di Yeso

    Main Address

    100 UNIVERSITY DRIVE SUITE 1, AMHERST, MA, 01002

    NTEE Category

    Code: W02 - Public benefit

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