Overview
What is Maine Education Association Benefits Trust?
The Maine Education Association Benefits Trust is a nonprofit organization based in Augusta, Maine, with a US address at 35 Community Drive, ZIP code 04330. Their primary role is to administer group health and other benefit programs designed for the advantage of the Maine Education Association members' employees. In simpler terms, they work to provide health and additional benefits to the staff members of Maine Education Association.
What are the reviews and ratings of this charity?
The Maine Education Association Benefits Trust is not currently rated by Charity Navigator. The absence of a rating doesn't indicate the quality of the nonprofit, just that it has not been evaluated due to its non-501(c)(3) status, which excludes it from the standard evaluation methods used by Charity Navigator.
While the organization is categorized as independent and possibly fulfills its mission effectively, no Accountability & Finance or Impact & Measurement scores can be derived without the 501(c)(3) registration. This restricts insights into its financial practices and impact, which are typically gauged through observed data submission like the IRS Form 990.
No user reviews for this nonprofit are found on GreatNonprofits, leaving a gap in anecdotal evidence about its operations and community feedback. This absence of user-generated insights makes it difficult to assess public opinion or personal experiences with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Maine Education Association Benefits Trust legitimate?
Maine Education Association Benefits Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Maine Education Association Benefits Trust 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: $233,324
Professional Fundraising Fees: $0
Other Salaries and Wages: $290,673
For more financial information, click here
What is the mission statement of Maine Education Association Benefits Trust?
The Maine Education Association Benefits Trust is dedicated to extending health and additional benefits to the employees of its member educators. By administering group health and benefit programs, this trust aims to enhance the well-being and overall quality of life for its members. The trust's commitment extends beyond just health, ensuring a comprehensive range of benefits that cater to the varied needs of its members. The mission is to create an atmosphere of support and security for the workforce in the education sector by managing and providing access to these essential benefits.
What is the revenue of Maine Education Association Benefits Trust?
Maine Education Association Benefits Trust's revenue in 2024 was $591,844,447.
Who are the executives of Maine Education Association Benefits Trust and what are their salaries?
The average compensation at Maine Education Association Benefits Trust during 2024 was $104,799. There are 5 employees and 10 volunteers at Maine Education Association Benefits Trust.
Here are 11 key members and their salaries:
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- Compensation: $164,232
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- Other: $59,191
Where can I find the form 990 for Maine Education Association Benefits Trust?
Maine Education Association Benefits Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Maine Education Association Benefits Trust
Maine Education Association Benefits Trust, or MEABT, is a dedicated organization that aims to enhance the well-being of employees from the Maine Education Association's member schools. By administering a range of group health and other benefit programs, MEABT works tirelessly to support the health and overall well-being of those it serves.
In essence, MEABT functions as a trusted partner to the Maine Education Association, providing essential benefits that contribute significantly to the quality of life for its members' employees. These benefits are designed to promote health, financial security, and peace of mind, enabling individuals to focus on their professional roles and personal development.
MEABT's mission is clear: it strives to improve the lives of its members' employees by managing and offering a comprehensive suite of benefits. By doing so, the organization not only augments the overall well-being of its beneficiaries but also strengthens the education sector as a whole, allowing educators to focus on their vital role in shaping the future generations.
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Impact
August, 2024
The Maine Education Association Benefits Trust plays a crucial role in providing health and other benefits to its members' employees. By administering group health and benefit programs, the trust ensures that individuals working within the Maine Education Association have access to essential resources and support. This impact contributes significantly to the well-being and satisfaction of the members, ultimately enhancing their overall quality of life and work experience.
This information is meant to be a general summary of Maine Education Association Benefits Trust. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $2,879,430
- Program Service Revenue: $588,488,405
- Gross Receipts: $632,062,995
Assets and Liabilities:
- Total Assets: $152,183,278
- Total Liabilities: $303,497
- Net Assets: $151,879,781
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$555,571,434
REFUND SETTLEMENT AGREEMENT
Revenue
$28,801,501
ADMINISTRATIVE FEE
Revenue
$3,745,716
RETIREE DRUG SUBSIDY
Revenue
$369,754
Organization Details
Founding Year
1993
Principal Officer
Jennifer Kent
NTEE Category
Code: Y40 - Mutual benefit
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