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.
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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $217,037
Professional Fundraising Fees: $0
Other Salaries and Wages: $275,531
For more financial information, click 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.
Impact
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.
Thursday, August 15, 2024
Maine Education Association Benefits Trust impacts its members' employees by providing essential health and other benefits through its group programs. This assistance helps ensure that educators and school staff have access to necessary benefits to support their well-being and job security. Through its initiatives, the trust contributes to the overall health and welfare of those working within the education sector in Maine.
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 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTIONS
Revenue
$544,871,539
REFUND SETTLEMENT AGREEMENT
Revenue
$34,517,628
ADMINISTRATIVE FEE
Revenue
$3,682,140
RETIREE DRUG SUBSIDY
Revenue
$60,443
Organization Details
Founding Year
1993
Phone
(207) 622-5866
Principal Officer
Jennifer Kent
Main Address
35 COMMUNITY DRIVE, AUGUSTA, ME, 04330
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Maine Education Association Benefits Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.