Maine Education Association Benefits Trust
501(c)(9)
Only null% goes to programs
Maine Education Association Benefits Trust is a 501(c)(9) organization based in Augusta, Maine, registered in 1994, with $599,325,980 in FY2024 revenue. CharityIndex grades it B+.
35 Community Dr, Augusta, ME, 04330 EIN 01-0479776 Since 1994
Revenue (FY2024)
$599.3M
▲ 1.3% vs prior year
Expenses (FY2024)
$618.1M
Net assets
$144.5M
Employees
6
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Maine Education Association Benefits Trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Maine Education Association Benefits Trust: 3 mo reserves · -3% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Maine Education Association Benefits Trust: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Maine Education Association Benefits Trust: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide health and other benefits to its members' employees.
Contact & location
Financial trends
Revenue grew from $24.8M (FY2013) to $599.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $282KNet assets $144.5M
Operating margin
-3.1%
Spent more than it raised in the latest fiscal year.
Total assets
$144.8M
Total liabilities
$282K
Net assets
$144.5M
Salaries & benefits
$774K
0% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $599,325,980▲1.3% | $618,139,947▲5.3% | $144,506,964▼9.9% | $144,788,738▼14.8% | 990 |
| 2023 | $591,844,447▲1.5% | $587,186,722▲2.7% | $160,446,023▲5.6% | $170,036,354▲11.7% | 990 |
| 2022 | $582,870,598▲2.7% | $571,537,154▲1.9% | $151,879,781▲8.6% | $152,183,278▲8.6% | 990 |
| 2021 | $567,819,611▲6.2% | $560,996,475▲3.9% | $139,913,467▼0.6% | $140,176,598▼0.6% | 990 |
| 2020 | $534,515,388▼8.5% | $539,746,008▲0.9% | $140,709,484▼4.4% | $141,056,397▼4.3% | 990 |
| 2019 | $583,864,900▲8.3% | $534,694,434▲3.2% | $147,132,897▲50.4% | $147,468,755▲50.1% | 990 |
| 2018 | $538,915,998▲4.8% | $517,888,489▲4.4% | $97,823,900▲28.3% | $98,216,744▲28.5% | 990 |
| 2017 | $514,340,516▲6581% | $496,263,905▲3714% | $76,243,193▲53.7% | $76,460,456▲53.4% | 990 |
| 2016 | $7,699,004▼25.3% | $13,010,875▼8.0% | $49,589,239▼10.6% | $49,843,136▼12.1% | 990 |
| 2015 | $10,302,153▼59.1% | $14,137,787▲13.2% | $55,485,602▼6.0% | $56,711,437▼4.2% | 990 |
| 2014 | $25,186,033▲1.7% | $12,486,759▼31.8% | $59,018,283▲27.9% | $59,225,378▲28.1% | 990 |
| 2013 | $24,753,751 | $18,306,919▼40.6% | $46,130,099▲16.7% | $46,245,260▲16.7% | 990 |
| 2012 | — | $30,845,311▲34.8% | $39,513,025▼37.6% | $39,617,937▼38.1% | 990 |
| 2011 | — | $22,877,769▲6.9% | $63,315,074▼11.5% | $64,002,930▼11.2% | 990 |
| 2010 | — | $21,391,231▲31.8% | $71,527,028▼18.2% | $72,072,418▼17.7% | 990 |
| 2009 | — | $16,231,429 | $87,406,783 | $87,521,233 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jennifer Kent — $174,490 (0.03% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jennifer Kent | Executive Director | 40 | $174,490 |
| Beth French | Trustee | 1 | — |
| Evelyn Atwood | Trustee | 1 | — |
| Faith Campbell | Trustee | 1 | — |
| Hal Perry | Trustee | 1 | — |
| Jill Plourd | Vice Chair | 2 | — |
| Ken Williams | Trustee | 1 | — |
| Lindsey Dos Santos | Trustee | 1 | — |
| Lynn Snow | Trustee | 1 | — |
| Patty Scully | Secretary | 1 | — |
| Sonya Verney | Chair | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Verrill & Dana LLP | Legal Counsel | $150,500 |
Frequently asked questions
- Is Maine Education Association Benefits Trust a legitimate nonprofit?
- Yes. Maine Education Association Benefits Trust is a 501(c)(9) organization registered with the U.S. Internal Revenue Service under EIN 01-0479776, based in Augusta, Maine.
- What is Maine Education Association Benefits Trust's EIN?
- Maine Education Association Benefits Trust's Employer Identification Number (EIN) is 01-0479776.
- How much revenue does Maine Education Association Benefits Trust report?
- Maine Education Association Benefits Trust reported $599,325,980 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Maine Education Association Benefits Trust have?
- CharityIndex grades Maine Education Association Benefits Trust B+, based on financial health (reserves and operating margin).
- How much does Maine Education Association Benefits Trust's highest-paid employee make?
- The highest reported compensation on Maine Education Association Benefits Trust's latest Form 990 is $174,490, paid to Jennifer Kent (Executive Director).
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Data for Maine Education Association Benefits Trust (EIN 01-0479776) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.