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Filing year 2023

MAINE EDUCATION ASSOCIATION BENEFITS TRUST

Augusta, Maine·EIN 01-0479776·501(c)(9)
Total revenue
$591.8M
Total assets
$170M
Total expenses
$587.2M
Reported officers
11
Mission

TO PROVIDE HEALTH AND OTHER BENEFITS TO ITS MEMBERS' EMPLOYEES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Director
75th to 90th percentile
$223k
$249k
Base
$164k
Bonus
Other
Benefits
$30k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Up 3%
from 2022

From $217k in 2022 to $223k in 2023.

$217k
2022
$223k
2023
In today's dollarsEst.
Roughly flat in real terms$250k to $249k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 3% from 2022 to 2023, while revenue rose 2%.

$217k in 2022 to $223k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MAINE EDUCATION ASSOCIATION BENEFITS TRUST reported revenue and expenses across 2 filing years.

RevenueExpenses
$582.9M
$571.5M
2022
$591.8M
$587.2M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MAINE EDUCATION ASSOCIATION BENEFITS TRUST

What does the Chief Executive Officer of MAINE EDUCATION ASSOCIATION BENEFITS TRUST earn?

In 2023, the Chief Executive Officer of MAINE EDUCATION ASSOCIATION BENEFITS TRUST received $223,423 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MAINE EDUCATION ASSOCIATION BENEFITS TRUST compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at MAINE EDUCATION ASSOCIATION BENEFITS TRUST falls between the 75th and 90th percentiles.

What are MAINE EDUCATION ASSOCIATION BENEFITS TRUST's revenue and expenses?

In 2023, MAINE EDUCATION ASSOCIATION BENEFITS TRUST reported $591.8M in total revenue and $587.2M in total expenses on its IRS Form 990.

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