Nonprofit · EIN 01-6133041
MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR
Tax-exempt · WESTBROOK, ME 04092
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $37,072,317 | $35,715,300 | $1,357,017 | $12,983,519 | $933,136 | $12,050,383 |
| December 31, 2024 | 990 | $35,016,697 | $34,973,651 | $43,046 | $12,000,177 | $1,306,811 | $10,693,366 |
| December 31, 2023 | 990 | $34,804,942 | $37,255,454 | -$2,450,512 | $12,584,943 | $1,934,623 | $10,650,320 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $36,717,461
- Investment income
- $354,856
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $21,612
Balance sheet and other
- Total assets, start of year
- $12,000,177
- Total assets, end of year
- $12,983,519
- Total liabilities, end of year
- $933,136
- Net assets, end of year
- $12,050,383
- Net assets without donor restrictions
- $12,050,383
- Gross receipts
- $37,072,317
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2010
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| James J Roche | President Officer | 0.47 | $0 | $452,502 | $23,320 |
| Marcia M Ferguson | Chief Operating Officer Officer | 27.99 | $0 | $210,755 | $21,507 |
| Liza M Wells | VP & Treasurer Officer | 11.61 | $0 | $139,964 | $18,023 |
| Timothy Thompson | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jeanne Hulit | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Stephen deCastro | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Robert Montgomery-Rice | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Matt Nightingale | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| David Cohen | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Lannie Moffatt | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Glenn Hutchinson | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Mark Jones | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Blaine Boudreau | Past Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| James J Roche | President Officer | 0.47 | $0 | $440,471 | $34,621 |
| Marcia M Ferguson | Chief Operating Officer Officer | 27.99 | $0 | $202,106 | $40,629 |
| Marc P Owen | Past SVP & Treasurer Officer | 11.61 | $0 | $214,980 | $11,268 |
| Liza M Wells | VP & Treasurer Officer | 11.61 | $0 | $110,848 | $35,126 |
| Timothy Thompson | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jeanne Hulit | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Stephen deCastro | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Blaine Boudreau | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Robert Montgomery-Rice | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Matt Nightingale | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| David Cohen | Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| James J Roche | President Officer | 0.47 | $0 | $432,861 | $33,231 |
| Marcia M Ferguson | Chief Operating Officer Officer | 32.35 | $0 | $198,320 | $39,867 |
| Marc P Owen | SVP & Treasurer Officer | 12.19 | $0 | $196,241 | $21,176 |
| Timothy Thompson | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jeanne Hulit | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Stephen deCastro | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Blaine Boudreau | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Robert Montgomery-Rice | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| William Tracy | Past Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Matt Nightingale | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| David Cohen | Trustee Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 THOMAS DR, WESTBROOK, ME 04092-3824
- Principal officer (990 for 2025)
- James Roche, 2 Thomas Drive, Westbrook, ME 04092
- Signed the 990
- James Roche, President
- Phone
- (207) 791-8400
- Return prepared by
- Berry Dunn McNeil & Parker LLC
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.
Program accomplishments
- The Maine Financial Institutions Employee Benefits Trust funds and administers the Maine Bankers Association Employee Benefit Plan (the Plan) established and maintained by certain Maine financial institutions for their respective employees.The Plan offers health, life, accidental death and dismemberment, hospital, surgical, prescription drug, dental, vision, accident expenses, basic and major medical, long- and short-term disability coverage, and sponsors participation based wellness programs for participating members of Maine Bankers Association.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-6133041
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $12,983,519
- Income (IRS master file)
- $37,072,317
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $37,072,317 | $35,715,300 | $12,983,519 | IRS |
| 990 | December 2024 | $35,016,697 | $34,973,651 | $12,000,177 | IRS |
| 990 | December 2023 | $34,804,942 | $37,255,454 | $12,584,943 | XML |
| 990 | December 2022 | $30,607,059 | $31,450,649 | $14,437,757 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-6133041).
Questions about MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR
- What is the EIN of MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR?
- The employer identification number (EIN) of MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR is 01-6133041.
- Is MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2010.
- Are donations to MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR?
- The 990 for the year ended December 31, 2025 names James Roche.
- Who are the officers and directors of MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR?
- The 990 for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $37,072,317, expenses of $35,715,300 and total assets of $12,983,519 at year end.
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