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← ROMAN CATHOLIC DIOCESE OF PORTLAND DIOCESAN PRIESTS MEDICAL BENEFITS

Form 990 for tax year 2022

Filed by ROMAN CATHOLIC DIOCESE OF PORTLAND DIOCESAN PRIESTS MEDICAL BENEFITS.

Totals

Total revenue
$1,424,088
Total expenses
$1,145,118
Contributions and grants received
$110,216
Grants paid
$0
Program service revenue
$1,165,031
Investment income
$148,841
Other revenue
$0
Total assets, end of year
$6,166,246
Total liabilities, end of year
$771
Net assets or fund balances, end of year
$6,165,475
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.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $110,216

  • 2a · Program service revenue: Medical premiums

    total $701,857 · related or exempt $701,857

  • 2b · Program service revenue: Parish assessments

    total $463,174 · related or exempt $463,174

  • 3 · Investment income

    total $148,841 · excluded $148,841

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,090,720

  • 11c · Fees: accounting

    total $20,495

  • 11f · Fees: investment management

    total $22,093

  • 13 · Office expenses

    total $11,135

  • 14 · Information technology

    total $675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $320,304 · end of year $483,957

  • 2 · Savings and temporary cash investments

    beginning of year $369,976 · end of year $316,899

  • 4 · Accounts receivable

    beginning of year $9,892 · end of year $13,899

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,658 · end of year $24,869

  • 11 · Investments: publicly traded securities

    beginning of year $4,750,936 · end of year $4,130,038

  • 12 · Investments: other securities

    beginning of year $18,535 · end of year $1,052,653

  • 15 · Other assets

    beginning of year $134,267 · end of year $143,931

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,276 · end of year $771

  • 28 · Net assets with donor restrictions

    beginning of year $5,630,292 · end of year $6,165,475

Mission and programs · 2022

Mission

The Roman Catholic Diocese of Portland Diocesan Priests' Medical Benefits Trust is established to provide health benefits for eligible active and retired priests of the Diocese.

Activities or mission (Part I)

Tax-exempt employee benefit trust.

  • 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. (Continued on Schedule O...)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 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Allen

    Trustee

    Total calculated
    $136,716
    From this org
    $0
    From related orgs
    $110,170
    Other
    $26,546
    Hours/week
    1 + 40 related

  • Scott Graff

    Trustee; RCBP CFO

    Total calculated
    $197,438
    From this org
    $0
    From related orgs
    $177,872
    Other
    $19,566
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,872 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,566 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $197,438 related

  • Nancy Lombardi

    Trustee (end 3/2023)

    Total calculated
    $69,066
    From this org
    $0
    From related orgs
    $54,597
    Other
    $14,469
    Hours/week
    1 + 40 related

  • Rev Robert P Deeley

    Ex-Officio President

    Total calculated
    $85,459
    From this org
    $0
    From related orgs
    $46,962
    Other
    $38,497
    Hours/week
    1 + 41 related

  • Rev Phillip A Tracy

    Trustee

    Total calculated
    $58,639
    From this org
    $0
    From related orgs
    $35,436
    Other
    $23,203
    Hours/week
    1 + 40 related

  • Rev Edward R Clifford

    Trustee

    Total calculated
    $54,321
    From this org
    $0
    From related orgs
    $31,118
    Other
    $23,203
    Hours/week
    1 + 40 related

  • Rev Msgr Paul F Stefanko

    Chairperson

    Total calculated
    $24,960
    From this org
    $0
    From related orgs
    $12,750
    Other
    $12,210
    Hours/week
    1 + 40 related

  • Rev Msgr Marc Caron

    Trustee

    Total calculated
    $60,589
    From this org
    $0
    From related orgs
    $37,386
    Other
    $23,203
    Hours/week
    1 + 40 related

  • Sr Rita-Mae Bissonnette RSR

    Secretary

    Total calculated
    $35,953
    From this org
    $0
    From related orgs
    $31,182
    Other
    $4,771
    Hours/week
    1 + 40 related

  • Gregg Ginn

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Bernier

    Trustee

    Total calculated
    $102,071
    From this org
    $0
    From related orgs
    $91,956
    Other
    $10,115
    Hours/week
    1 + 40 related

  • Karen Murphy

    Trustee (start 2/2023)

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Kristen O'Gara

    Trustee (end 8/2023)

    Total calculated
    $49,502
    From this org
    $0
    From related orgs
    $42,043
    Other
    $7,459
    Hours/week
    1 + 40 related

  • Advisors Private Wealth Trust

    Institutional Trustee

    Total calculated
    $5,686
    From this org
    $5,686
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 3
As the Trust exists to serve of behalf of and was established by the Roman Catholic Diocese of Portland, all members of the Trust's Board that receive compensation or benefits are paid by a related organization, the Roman Catholic Diocese of Portland. Compensation for any professional service-staff or employee is determined through market research and annual increases as approved by the residing Bishop. The residing Bishop, in conjunction with his Priest Council, conducts a review and issues final approval for any compensation paid to persons providing religious services.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 March 2024
IRS schema version
2022v5.0
Source object
202401299349301600

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