Maine Service Employees Association Income Protection Plan & Trust

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

EIN: 222553196 ✦ Augusta, ME ✦ Designated as a 501(c)(9)

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Overview

What is Maine Service Employees Association Income Protection Plan & Trust?

The Maine Service Employees Association Income Protection Plan & Trust is a nonprofit organization situated in Augusta, Maine. Its primary mission is to offer income protection benefits to its members, who are part of the Maine Service Employees Association. The trust ensures claims are paid on behalf of its members, providing them with financial assistance during challenging times. This support is a crucial aspect of the organization's purpose, aiming to safeguard the financial wellbeing of its members.


Official website here: www.mseaseiu.org

Is Maine Service Employees Association Income Protection Plan & Trust legitimate?

Maine Service Employees Association Income Protection Plan & Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Maine Service Employees Association Income Protection Plan & 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mseaseiu.org

What is the mission statement of Maine Service Employees Association Income Protection Plan & Trust?

The Maine Service Employees Association Income Protection Plan & Trust is committed to providing income protection benefits to its members. This organization's primary mission is to safeguard the financial well-being of its members by processing claims on their behalf, ensuring they receive the necessary financial support during times of need. By offering income protection benefits, the Maine Service Employees Association Income Protection Plan & Trust aims to provide its members with a sense of security and peace of mind. The plan serves as a crucial safety net, helping members maintain their financial stability during challenging circumstances.


Official website here: www.mseaseiu.org

Who is the CEO of Maine Service Employees Association Income Protection Plan & Trust?

Ramona Welton is the Veba Com., V of Maine Service Employees Association Income Protection Plan & Trust.


Official website here: www.mseaseiu.org

What is the revenue of Maine Service Employees Association Income Protection Plan & Trust?

Maine Service Employees Association Income Protection Plan & Trust's revenue in 2022 was $1,759,021.


Official website here: www.mseaseiu.org

Who are the executives of Maine Service Employees Association Income Protection Plan & Trust and what are their salaries?

There 12 volunteers at Maine Service Employees Association Income Protection Plan & Trust.


Here are 9 key members and their salaries:


Laurian Doucette (Veba Com., V)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Dugal (Veba Committ)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Lizotte (Veba Committ)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary-Anne Macarthur (Veba Committ)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Murchison (Veba Committ)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luc Nya (Veba Committ)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Oakes (Veba Committ)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ramona Welton (Veba Com., C)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Willis (Veba Com., S)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mseaseiu.org

Where can I find the form 990 for Maine Service Employees Association Income Protection Plan & Trust?

Maine Service Employees Association Income Protection Plan & Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mseaseiu.org

Learn more at the official website: www.mseaseiu.org

Mission Statement of Maine Service Employees Association Income Protection Plan & Trust

The Maine Service Employees Association Income Protection Plan & Trust is dedicated to providing income protection benefits to its members. Its mission, in essence, is to safeguard the financial well-being of the members belonging to the Maine Service Employees Association. This is achieved by processing claims on their behalf, ensuring that financial assistance is provided during times of need. The organization serves as a financial safety net for its members, offering them peace of mind and financial security.

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Impact




October, 2024

The Maine Service Employees Association Income Protection Plan & Trust significantly impacts its members by providing crucial income protection benefits. This support is essential for individuals who may face temporary loss of income due to various circumstances, such as illness or injury. By ensuring that members receive financial assistance during challenging times, the plan promotes stability and security among the workforce.

The trust facilitates the timely payment of claims, offering peace of mind to members who might otherwise struggle to meet their financial obligations. This proactive approach to income protection fosters a sense of community and mutual benefit, reinforcing the collective strength of the Maine Service Employees Association. Overall, the plan plays a vital role in enhancing the well-being of members by safeguarding their economic interests in times of need.




This information is meant to be a general summary of Maine Service Employees Association Income Protection Plan & 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.

Revenue
$1,759,021 (2022)
Expenses
$1,794,692 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $156,594
  • Program Service Revenue: $1,602,427
  • Gross Receipts: $5,762,844

Assets and Liabilities:

  • Total Assets: $7,450,893
  • Total Liabilities: $141,054
  • Net Assets: $7,309,839

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Programs

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

MEMBER CONTRIBUTIONS

Revenue

$1,602,427

Organization Details

Founding Year

1988

Principal Officer

Ramona Welton

Main Address

5 COMMUNITY DRIVE, AUGUSTA, ME, 043308087

NTEE Category

Code: Y40 - Mutual benefit

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