Form 990 for tax year 2024

Totals

Total revenue

$1,401,511

Total expenses

$1,134,877

Contributions and grants received

$130,244

Grants paid

$0

Program service revenue

$1,113,625

Investment income

$157,642

Other revenue

$0

Total assets, end of year

$7,887,676

Total liabilities, end of year

$3,583

Net assets or fund balances, end of year

$7,884,093

Program services expenses (Part IX)

— not reported

Management and general expenses

— not reported

Fundraising expenses

— not reported

Program service expenses (Part III)

— not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2024

• The Trust is a voluntary employees' beneficiary association established to provide welfare benefits to employees (both active and retired) of the Roman Catholic Bishop of Portland. Its sole activity is receiving, holding, and investing employer contributions to fund welfare benefits for employees, and distributing funds to pay for employee benefits pursuant to plans maintained by the Roman Catholic Bishop of Portland. The Trust provides medical, dental, vision, and pharmacy benefits to its members through a self-funded group health plan. Eligibility for benefits is open to any employee of the Roman Catholic Bishop of Portland who is a Roman Catholic Priest incardinated in the Roman Catholic Diocese of Portland (active or retired), a priest incardinated in the Diocese and serving outside the Diocese, or a priest who is a member of a religious order or community, serving in a Diocesan assignment. All members of the association are eligible for benefits. All time, expenses, and resources employed by the Trust are for the maintenance and provision of these benefits, which is the Trust's exempt purpose.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• Roman Catholic Bishop of Portland

  501(c)(3) · Religious organization · ME

• The Catholic Foundation of Maine

  501(c)(3) · Support for religious institutions · ME

  Directly controlled by Roman Catholic Bishop of Portland

• St Michael's Home

  501(c)(3) · Housing and human services · ME

  Directly controlled by Roman Catholic Bishop of Portland

Provenance

Return type

form_990

Tax year

2024

Filed

1 May 2026

IRS schema version

2024v5.5

Source object

202621219349300842

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