NonprofitsMaine Financial Institutions Employee Ben Tr

Mutual & Membership Benefit

Maine Financial Institutions Employee Ben Tr

WESTBROOK, ME

Total revenue

$35.0M

Total expenses

$35.0M

Net assets

$10.7M

Grants received

EIN

016133041

Tax year

2024

Mission

The VEBA trust was formed for the purpose of funding and administering employee benefit plans established and maintained by members of the Maine Bankers Association for their respective employees.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$34.7M
Investment income$340K
Other revenue
Total revenue$35.0M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$35.0M
Total expenses$35.0M
Total assets$12.0M
Net assets$10.7M

People

11 listed

NameRoleCompensation

Timothy Thompson

Chair

Board

1 hrs/wk

Jeanne Hulit

Trustee

Board

1 hrs/wk

Stephen deCastro

Trustee

Board

1 hrs/wk

Blaine Boudreau

Trustee

Board

1 hrs/wk

Robert Montgomery-Rice

Trustee

Board

1 hrs/wk

Matt Nightingale

Trustee

Board

1 hrs/wk

David Cohen

Trustee

Board

1 hrs/wk

James J Roche

President

Board

0.47 hrs/wk

Marcia M Ferguson

Chief Operating Officer

Board

27.99 hrs/wk

Marc P Owen

Past SVP & Treasurer

Board

11.61 hrs/wk

Liza M Wells

VP & Treasurer

Board

11.61 hrs/wk

Independent contractors

Maine Bankers Association

Mgmt. Administrative

$877K

Wellness Workdays

Wellness Program Admin.

$484K

Details

EIN016133041
NTEE codeY43
Subsection09
Ruling date2010-05
Formed2010
Employees0
Volunteers7
MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR — Mission, Financials & Grants Received | Grantivo