Maine Education Association Benefits Trust
Maine Education Association Benefits Trust manages hundreds of millions in revenue with no reported officer compensation, but liabilities have significantly increased.
EIN: 10479776 · Augusta, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $632.1M |
| Total Expenses | $571.5M |
| Program Spending | 98% |
| Net Assets | $151.9M |
| Transparency Score | 90/100 |
Is Maine Education Association Benefits Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Education Association Benefits Trust directs 98% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Education Association Benefits Trust
Maine Education Association Benefits Trust (EIN: 10479776) is a nonprofit organization based in Augusta, ME. The organization reported total revenue of $632.1M and total assets of $170.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Education Association Benefits Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Education Association Benefits Trust is a major nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 44.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $582.9M |
| Total Expenses | $571.5M |
| Surplus / Deficit | +$11.3M |
| Total Assets | $152.2M |
| Total Liabilities | $303K |
| Net Assets | $151.9M |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 3.2 months |
Financial Health Grade: A
In 2023, Maine Education Association Benefits Trust reported a surplus of $11.3M with revenue exceeding expenses, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maine Education Association Benefits Trust's revenue has grown at a compound annual growth rate (CAGR) of 44.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.7% | +1.9% | +8.6% |
| 2022 | +6.2% | +3.9% | -0.6% |
| 2021 | -8.5% | +0.9% | -4.3% |
| 2020 | +8.3% | +3.2% | +50.1% |
| 2019 | +4.8% | +4.4% | +28.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maine Education Association Benefits Trust with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 1%
- programs: 98%
- fundraising: 1%
According to IRS 990 filings, Maine Education Association Benefits Trust allocates its expenses as follows: admin: 1%, programs: 98%, fundraising: 1%. With 98% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid from the organization's funds, which is highly unusual for an organization of this scale with hundreds of millions in revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Maine Education Association Benefits Trust's IRS 990 filings:
- Significant and unexplained increase in liabilities from $263,131 in 202206 to $303,497,000 in 202306.
- NTEE code is unknown, making it difficult to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Maine Education Association Benefits Trust:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship regarding executive pay.
- Substantial and growing asset base, from $46,245,260 in 201406 to $152,183,278 in 202306, demonstrating financial stability.
- High operational scale with hundreds of millions in revenue and expenses, suggesting significant impact.
- Expenses closely track revenues, indicating efficient utilization of funds for its stated purpose.
Frequently Asked Questions about Maine Education Association Benefits Trust
Is Maine Education Association Benefits Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Maine Education Association Benefits Trust (EIN: 10479776) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Maine Education Association Benefits Trust spend its money?
Maine Education Association Benefits Trust directs 98% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maine Education Association Benefits Trust tax-deductible?
Maine Education Association Benefits Trust is registered as a tax-exempt nonprofit (EIN: 10479776). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Education Association Benefits Trust's spending goes to programs?
Maine Education Association Benefits Trust directs 98% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Education Association Benefits Trust located?
Maine Education Association Benefits Trust is headquartered in Augusta, Maine and files with the IRS under EIN 10479776.
How many years of IRS 990 filings does Maine Education Association Benefits Trust have?
Maine Education Association Benefits Trust has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $632.1M in total revenue.
What is the nature of the significant increase in liabilities, particularly the $303,497,000 reported in 202306?
The IRS 990 data shows a substantial jump in liabilities from $263,131 in 202206 to $303,497,000 in 202306. This dramatic increase requires further investigation into the specific types of liabilities (e.g., deferred revenue, program-related liabilities, or debt) to understand its impact on the organization's financial position.
How does the organization manage to operate with 0% officer compensation given its large revenue and expense figures?
The consistent reporting of 0% officer compensation suggests that executive leadership may be compensated through other affiliated entities, volunteer their time, or that the trust's operational structure does not involve direct salary payments to officers from the trust's funds. This is a highly unusual and positive indicator for donor confidence if truly no compensation is received.
What are the primary program activities that account for the hundreds of millions in expenses?
While the NTEE code is unknown, the organization's name 'Maine Education Association Benefits Trust' suggests its primary activities likely involve providing benefits (e.g., health, retirement) to members of the Maine Education Association. The large expense figures would correspond to the cost of these benefits.
Filing History
IRS 990 filing history for Maine Education Association Benefits Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maine Education Association Benefits Trust's revenue has grown by 8087.9%, moving from $7.1M to $582.9M. Total assets increased by 111.2% over the same period, from $72.1M to $152.2M. Total functional expenses rose by 2571.8%, from $21.4M to $571.5M. In its most recent filing year (2023), Maine Education Association Benefits Trust reported a surplus of $11.3M, with revenue exceeding expenses. The organization holds $303K in liabilities against $152.2M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $151.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $582.9M | $571.5M | $152.2M | $303K | — | View 990 |
| 2022 | $567.8M | $561.0M | $140.2M | $263K | — | View 990 |
| 2021 | $534.5M | $539.7M | $141.1M | $347K | — | View 990 |
| 2020 | $583.9M | $534.7M | $147.5M | $336K | — | View 990 |
| 2019 | $538.9M | $517.9M | $98.2M | $393K | — | View 990 |
| 2018 | $514.3M | $496.3M | $76.5M | $217K | — | View 990 |
| 2017 | $7.7M | $13.0M | $49.8M | $254K | — | View 990 |
| 2016 | $10.3M | $14.1M | $56.7M | $1.2M | — | View 990 |
| 2015 | $25.2M | $12.5M | $59.2M | $207K | — | View 990 |
| 2014 | $24.8M | $18.3M | $46.2M | $115K | — | View 990 |
| 2013 | $7.2M | $30.8M | $39.6M | $105K | — | View 990 |
| 2012 | $14.9M | $22.9M | $64.0M | $688K | — | View 990 |
| 2011 | $7.1M | $21.4M | $72.1M | $545K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $582.9M, expenses of $571.5M, and assets of $152.2M (revenue +2.7% year-over-year).
- 2022: Revenue of $567.8M, expenses of $561.0M, and assets of $140.2M (revenue +6.2% year-over-year).
- 2021: Revenue of $534.5M, expenses of $539.7M, and assets of $141.1M (revenue -8.5% year-over-year).
- 2020: Revenue of $583.9M, expenses of $534.7M, and assets of $147.5M (revenue +8.3% year-over-year).
- 2019: Revenue of $538.9M, expenses of $517.9M, and assets of $98.2M (revenue +4.8% year-over-year).
- 2018: Revenue of $514.3M, expenses of $496.3M, and assets of $76.5M (revenue +6580.6% year-over-year).
- 2017: Revenue of $7.7M, expenses of $13.0M, and assets of $49.8M (revenue -25.3% year-over-year).
- 2016: Revenue of $10.3M, expenses of $14.1M, and assets of $56.7M (revenue -59.1% year-over-year).
- 2015: Revenue of $25.2M, expenses of $12.5M, and assets of $59.2M (revenue +1.7% year-over-year).
- 2014: Revenue of $24.8M, expenses of $18.3M, and assets of $46.2M (revenue +243.6% year-over-year).
- 2013: Revenue of $7.2M, expenses of $30.8M, and assets of $39.6M (revenue -51.7% year-over-year).
- 2012: Revenue of $14.9M, expenses of $22.9M, and assets of $64.0M (revenue +109.5% year-over-year).
- 2011: Revenue of $7.1M, expenses of $21.4M, and assets of $72.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Education Association Benefits Trust:
Data Sources and Methodology
This transparency report for Maine Education Association Benefits Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.