Civic Intelligence

Massachusetts Higher Education

EIN 04-2829767 • 501(c)3 • Hadley, MA

Profile

The mission of the organization is to establish group purchase agreements for the benefit of members, to promote the development and implementation of effective purchasing management, to collect and disseminate useful information and to advise member organizations.

380 Russell Street 2nd FloorHadley, MA 01035

www.mhec.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.23x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

69th percentile

0.52x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

71st percentile

$221,177

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

82nd percentile

22%

Faster asset growth than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

72nd percentile

21%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$11,828,746

Up $2,144,756 (+22%) from 2024

Liabilities

Up

$2,708,467

Up $1,084,007 (+67%) from 2024

Net Assets

Up

$9,120,279

Up $1,060,749 (+13%) from 2024

Revenue

Up

$5,257,240

Up $894,780 (+21%) from 2024

Expenses

Up

$4,271,827

Up $459,578 (+12%) from 2024

Net Income

Up

$985,413

Up $435,202 (+79%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $651,945Liabilities 2011: $292,117Net Assets 2011: $359,8282011Assets 2012: $990,304Liabilities 2012: $256,443Net Assets 2012: $733,8612012Assets 2013: $1,601,013Liabilities 2013: $267,288Net Assets 2013: $1,333,7252013Assets 2014: $2,168,623Liabilities 2014: $275,389Net Assets 2014: $1,893,2342014Assets 2015: $2,825,205Liabilities 2015: $359,848Net Assets 2015: $2,465,3572015Assets 2016: $3,613,351Liabilities 2016: $325,782Net Assets 2016: $3,287,5692016Assets 2017: $4,382,388Liabilities 2017: $355,390Net Assets 2017: $4,026,9982017Assets 2018: $4,988,387Liabilities 2018: $270,669Net Assets 2018: $4,717,7182018Assets 2019: $5,683,305Liabilities 2019: $238,164Net Assets 2019: $5,445,1412019Assets 2020: $6,029,772Liabilities 2020: $375,783Net Assets 2020: $5,653,9892020Assets 2021: $6,447,475Liabilities 2021: $435,812Net Assets 2021: $6,011,6632021Assets 2022: $6,866,706Liabilities 2022: $389,329Net Assets 2022: $6,477,3772022Assets 2023: $8,738,537Liabilities 2023: $1,226,545Net Assets 2023: $7,511,9922023Assets 2024: $9,683,990Liabilities 2024: $1,624,460Net Assets 2024: $8,059,5302024Assets 2025: $11,828,746Liabilities 2025: $2,708,467Net Assets 2025: $9,120,2792025

Highlighted filing

2025

Assets$11,828,746
Liabilities$2,708,467
Net Assets$9,120,279

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2011: $869,217Expenses 2011: $747,122Net Income 2011: $122,0952011Revenue 2012: $1,294,551Expenses 2012: $920,518Net Income 2012: $374,0332012Revenue 2013: $1,672,324Expenses 2013: $1,072,460Net Income 2013: $599,8642013Revenue 2014: $1,640,392Expenses 2014: $1,080,883Net Income 2014: $559,5092014Revenue 2015: $1,869,268Expenses 2015: $1,297,145Net Income 2015: $572,1232015Revenue 2016: $2,296,752Expenses 2016: $1,474,540Net Income 2016: $822,2122016Revenue 2017: $2,301,514Expenses 2017: $1,569,541Net Income 2017: $731,9732017Revenue 2018: $2,443,426Expenses 2018: $1,681,817Net Income 2018: $761,6092018Revenue 2019: $2,682,493Expenses 2019: $2,067,274Net Income 2019: $615,2192019Revenue 2020: $2,570,312Expenses 2020: $2,486,305Net Income 2020: $84,0072020Revenue 2021: $2,685,417Expenses 2021: $2,273,375Net Income 2021: $412,0422021Revenue 2022: $3,443,422Expenses 2022: $2,651,287Net Income 2022: $792,1352022Revenue 2023: $4,125,037Expenses 2023: $3,095,312Net Income 2023: $1,029,7252023Revenue 2024: $4,362,460Expenses 2024: $3,812,249Net Income 2024: $550,2112024Revenue 2025: $5,257,240Expenses 2025: $4,271,827Net Income 2025: $985,4132025

Highlighted filing

2025

Revenue$5,257,240
Expenses$4,271,827
Net Income$985,413

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$2.71$9.12$5.26$4.27$0.99
2024Detailed filing. Detailed filing data is available for this year.$9.68$1.62$8.06$4.36$3.81$0.55
2023Detailed filing. Detailed filing data is available for this year.$8.74$1.23$7.51$4.13$3.10$1.03
2022Detailed filing. Detailed filing data is available for this year.$6.87$0.39$6.48$3.44$2.65$0.79
2021Detailed filing. Detailed filing data is available for this year.$6.45$0.44$6.01$2.69$2.27$0.41
2020Detailed filing. Detailed filing data is available for this year.$6.03$0.38$5.65$2.57$2.49$0.08
2019Detailed filing. Detailed filing data is available for this year.$5.68$0.24$5.45$2.68$2.07$0.62
2018Detailed filing. Detailed filing data is available for this year.$4.99$0.27$4.72$2.44$1.68$0.76
2017Detailed filing. Detailed filing data is available for this year.$4.38$0.36$4.03$2.30$1.57$0.73
2016Detailed filing. Detailed filing data is available for this year.$3.61$0.33$3.29$2.30$1.47$0.82
2015Detailed filing. Detailed filing data is available for this year.$2.83$0.36$2.47$1.87$1.30$0.57
2014Detailed filing. Detailed filing data is available for this year.$2.17$0.28$1.89$1.64$1.08$0.56
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.27$1.33$1.67$1.07$0.60
2012Summary only. Only limited summary data is available for this year.$0.99$0.26$0.73$1.29$0.92$0.37
2011Summary only. Only limited summary data is available for this year.$0.65$0.29$0.36$0.87$0.75$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 30, 2025
Return Version
2024v5.2
Gross Receipts
$8,894,745
Mission and Program Overview

Mission

The massachusetts higher education consortium is comprised of an unincorporated group of nonprofit, public and private institutions of higher education, technical, charter and vocational schools, municipalities including elementary and secondary schools, postsecondary schools and educational nonprofit organizations located within new england. Membership shall be limited to non-profit public and private institutions of higher education, technical, charter and vocational schools, municipalities including elementary and secondary schools, preparatory schools, and educational non-profit organizations located within new england. New england states consist of me, vt, nh, ma, ct & ri.

The mission of the organization is to establish group purchase agreements for the (cont. On sch. O) benefit of members, to promote the development and implementation of effective purchasing management, to collect and disseminate useful information and to advise member organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,799,709$8,196,557▲ $1,396,848
Accounts Receivable$1,385,845$1,515,511▲ $129,666
Savings and Temporary Cash Investments$1,171,821$520,776▼ $651,045
Land, Buildings, and Equipment, Net$48,815$463,303▲ $414,488
Prepaid Expenses and Deferred Charges$53,415$50,350▼ $3,065
Cash and Non-Interest-Bearing Accounts$1,240$6,660▲ $5,420
Total Assets$9,683,990$11,828,746▲ $2,144,756
Other Assets Total$223,145$1,075,589▲ $852,444
Liabilities
Other Liabilities$531,443$1,479,463▲ $948,020
Accounts Payable and Accrued Expenses$834,527$1,082,374▲ $247,847
Deferred Revenue$258,490$146,630▼ $111,860
Total Liabilities$1,624,460$2,708,467▲ $1,084,007
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,059,530$9,120,279▲ $1,060,749
Total Net Assets Fund Balance$8,059,530$9,120,279▲ $1,060,749
Total Liabilities and Net Assets / Fund Balance$9,683,990$11,828,746▲ $2,144,756

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$463,303$68,763$532,066
Other Assets Org$1,075,589--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael Di YesoCEOFT$201,931$19,246$221,177
Ulrike MonzilloDirector of Supplier ServicesFT$135,526$23,242$158,768
Janet GarabedianMember Service ManagerFT$144,671$13,177$157,848
Ryan KidderDirector of Member ServicesFT$134,890$11,851$146,741
Lindsay DutcherMember Service ManagerFT$111,559$11,004$122,563

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,952,087
Investment Income
$298,846
Other Revenue
$6,307
Change in Net Assets
$985,413

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,273,833
Revenue Not Reported on Financial Statements
$-16,593
Revenue Not Reported on Form 990
$75,336
Other Revenue Adjustments
$-16,593
Total Revenue per Audited Statements
$5,349,169
Total Revenue per Form 990
$5,257,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,583,886
Other Expenses$1,687,941
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,627,429$252,836-$1,880,265
Fees for Services Other$88,668$627,217-$715,885
Office Expenses$93,425$142,072-$235,497
Other Employee Benefits$165,996$44,099-$210,095
Payroll Taxes$164,097$43,594-$207,691
Current Officers, Directors, Trustees, and Key Employees$20,552$184,971-$205,523
Occupancy$150,965$39,917-$190,882
Conferences and Meetings-$98,725-$98,725
Pension Plan Contributions$63,455$16,857-$80,312
Information Technology$60,183--$60,183
Depreciation Depletion$39,485$11,569-$51,054
Travel$28,252$7,505-$35,757
Other Expenses$25,076$6,662-$31,738
Advertising$13,385$2,911-$16,296
Insurance$10,223$2,759-$12,982
Fees for Services Accounting-$9,500-$9,500
Fees for Services Legal-$3,553-$3,553
Total Functional Expenses$2,584,569$1,687,258$0$4,271,827

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,288,420
Expenses per Audited Statements$4,271,827
Total Expenses per Form 990$4,271,827
Expenses Not Reported on Form 990$16,593
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$1,075,589
Accrued Payroll$305,277
Accrued Vacation$98,597
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The massachusetts higher education consortium is comprised of an unincorporated group of nonprofit, public and private institutions of higher education, technical, charter and vocational schools, libraries, municipalities including elementary and secondary schools, postsecondary schools and educational nonprofit organizations located within new england. Membership shall be limited to non-profit public and private institutions of higher education, technical, charter and vocational schools, libraries, municipalities including elementary and secondary schools, preparatory schools, and educational non-profit organizations located within new england. New england states consist of me, vt, nh, ma, ct & ri.

Form 990, Part VI, Section A, Line 7A

The nominating committee will be comprised of a minimum of two voting members appointed by the board of directors. The chair of the nominating committee must be a member of the board of directors. The nominating committee will propose prospective candidates to the board. Whenever possible, the nominating committee will consult with the executive director on specific needs of the organization and strive to diversify representation on the board by nominating members with expertise in specialized areas including but not limited to marketing, technology, facilities, public safety, and finance.

Form 990, Part VI, Section B, Line 11B

The form 990 is provided to board members for their review before filing.

Form 990, Part VI, Section B, Line 12C

Annual sign off on conflict of interest forms.

Form 990, Part VI, Section B, Line 15

Comparability data is used to determine compensation and is reviewed and approved by the board of directors.

Form 990, Part VI, Section C, Line 19

The financial statements were included in annual report that was posted on the website and presented to the members at a meeting. The conflict of interest policy and governing documents are made available upon request.

Form 990, Part VI, Line 9

Officer, director, trustee, key employee mailing address: mary delaney city of fitchburg 166 boulder drive, suite 108 fitchburg, ma 01420 jeff dicaiccio harvard medical school 180 c longwood avenue, room 110b boston, ma 02115 gary duggan westfield state university 333 western avenue, po box 1630 westfield, ma 01086-1630 natasha bizanos framingham state university 100 state street framingham, ma 01701 michael durkin university of massachusetts - unified procurement services team (upst) 50 washington street, suite 3000 westborough, ma 01581 michael lagrassa university of massachusetts dartmouth 285 old westport road dartmouth, ma 02742 tammy tefft city of westfield 59 court street westfield, ma 01085 thomas watkins newburyport department of public services 16a perry way newburyport, ma 01950 kate rotella eastern connecticut state university 83 windham street willimantic, ct 06226 jannelvy martinez city of lawrence 200 common street, room 301 lawrence, ma 01840 ralph johnson amherst college 380 russell street amherst, ma 01002 brian girard university of massachusetts - unified procurement services team (upst) 50 washington street, suite 3000 westborough, ma 01581

Filing and Contact Details

Filer

Filer Name
Massachusetts Higher Education
EIN
04-2829767
Phone
4139922159
Address
380 RUSSELL STREET 2ND FLOOR, HADLEY, MA 01035

Signing Officer

Name
Michael Di Yeso
Title
CEO
Phone
4139922159
Signed
2025-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Di Yeso
Formed
1977
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
12
Employees
29
Volunteers
12

Preparer

Firm
Boisselle Morton & Wolkowicz Llp
Address
48 BAY ROAD PO BOX 374, HADLEY, MA 01035
Preparer
Joseph P Wolkowicz CPA
Phone
4135870099
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization has not changed its oversight process or selection process for the annual audit during the tax year.

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Loss on disposal of property and equipment -16,593.

Raw XML AppendixShowing 400 of 591 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm5RALPH JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm6JANNELVY MARTINEZ
IRS990/Form990PartVIISectionAGrp/PersonNm7KATE ROTELLA
IRS990/Form990PartVIISectionAGrp/PersonNm8TAMMY TEFFT
IRS990/Form990PartVIISectionAGrp/PersonNm9GARY DUGGAN
IRS990/Form990PartVIISectionAGrp/PersonNm10THOMAS WATKINS
IRS990/Form990PartVIISectionAGrp/PersonNm11MICHAEL LAGRASSA
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHAEL DI YESO
IRS990/Form990PartVIISectionAGrp/PersonNm13RYAN KIDDER
IRS990/Form990PartVIISectionAGrp/PersonNm14JANET GARABEDIAN
IRS990/Form990PartVIISectionAGrp/PersonNm15LINDSAY DUTCHER
IRS990/Form990PartVIISectionAGrp/PersonNm16ULRIKE MONZILLO
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
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IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF MEMBER SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER SERVICE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER SERVICE MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF SUPPLIER SERVICES
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IRS990/MissionDesc0THE MASSACHUSETTS HIGHER EDUCATION CONSORTIUM IS COMPRISED OF AN UNINCORPORATED GROUP OF NONPROFIT, PUBLIC AND PRIVATE INSTITUTIONS OF HIGHER EDUCATION, TECHNICAL, CHARTER AND VOCATIONAL SCHOOLS, LIBRARIES, MUNICIPALITIES INCLUDING ELEMENTARY AND SECONDARY SCHOOLS, POSTSECONDARY SCHOOLS AND EDUCATIONAL NONPROFIT ORGANIZATIONS LOCATED WITHIN NEW ENGLAND. MEMBERSHIP SHALL BE LIMITED TO NON-PROFIT PUBLIC AND PRIVATE INSTITUTIONS OF HIGHER EDUCATION, TECHNICAL, CHARTER AND VOCATIONAL SCHOOLS, LIBRARIES, MUNICIPALITIES INCLUDING ELEMENTARY AND SECONDARY SCHOOLS, PREPARATORY SCHOOLS, AND EDUCATIONAL NON-PROFIT ORGANIZATIONS LOCATED WITHIN NEW ENGLAND. NEW ENGLAND STATES CONSIST OF ME, VT, NH, MA, CT & RI.
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