Maine State Employees Assoc Income Protection Plan & Trust Agreement

Organization Overview

Maine State Employees Assoc Income Protection Plan & Trust Agreement is located in Augusta, ME. The organization was established in 1985. According to its NTEE Classification (Y44) the organization is classified as: Voluntary Employees Beneficiary Associations Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine State Employees Assoc Income Protection Plan & Trust Agreement is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 06/2021, Maine State Employees Assoc Income Protection Plan & Trust Agreement generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MEMBERS OF THE MAINE SERVICE EMPLOYEES ASSOCIATION WITH INCOME PROTECTION BENEFITS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CLAIMS PAID ON BEHALF OF MEMBERS OF MSEA INCOME PROTECTION PLAN & TRUST.


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Board, Officers & Key Employees

Name (title)Compensation
Laurian Doucette
Veba Com., C
$0
Jessica Pomerleau
Veba Committ
$0
Ramona Welton
Veba Committ
$0
Rachel Murchison
Veba Committ
$0
Cynthia Lizotte
Veba Committ
$0
Scott Redlon
Veba Committ
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,736,190
Investment income $150,419
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $55,231
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,941,840

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