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MAINE FINANCIAL INSTITUTIONS EMPLOYEE BEN TR

EIN 01-6133041 WESTBROOK, ME

Largest nonprofits in Maine

Revenue 2025
$37,072,317
Expenses 2025
$35,715,300

As filed

Subsection
09
NTEE code
Y43
Classification
1000
Street
2 THOMAS DR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

3 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2025

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.

  • 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.

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Timothy Thompson

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jeanne Hulit

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Stephen deCastro

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Robert Montgomery-Rice

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Matt Nightingale

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • David Cohen

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Lannie Moffatt

    Trustee

    Total calculated
    $0
    Hours/week
    1
  • Glenn Hutchinson

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Mark Jones

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Blaine Boudreau

    Past Trustee

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • James J Roche

    President

    Total calculated
    $475,822
    From this org
    $0
    From related orgs
    $452,502
    Other
    $23,320
    Hours/week
    0.47 + 37.03 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,777 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $15,725 related
    Deferred
    $0 + $21,000 related
    Nontaxable benefits
    $0 + $2,320 related
    Filer's total
    $0 + $475,822 related
  • Marcia M Ferguson

    Chief Operating Officer

    Total calculated
    $232,262
    From this org
    $0
    From related orgs
    $210,755
    Other
    $21,507
    Hours/week
    27.99 + 9.51 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,755 related
    Bonus
    $0 + $30,000 related
    Other
    $0
    Deferred
    $0 + $11,302 related
    Nontaxable benefits
    $0 + $10,205 related
    Filer's total
    $0 + $232,262 related
  • Liza M Wells

    VP & Treasurer

    Total calculated
    $157,987
    From this org
    $0
    From related orgs
    $139,964
    Other
    $18,023
    Hours/week
    11.61 + 25.89 related

    Schedule J breakdown matched by us

    Base
    $0 + $121,464 related
    Bonus
    $0 + $18,500 related
    Other
    $0
    Deferred
    $0 + $7,792 related
    Nontaxable benefits
    $0 + $10,231 related
    Filer's total
    $0 + $157,987 related

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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $37,072,317
    Expenses
    $35,715,300
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $35,016,697
    Expenses
    $34,973,651
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $34,804,942
    Expenses
    $37,255,454
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $30,607,059
    Expenses
    $31,450,649
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $31,217,132
    Expenses
    $29,318,033
    Assets (EOY)
    $15,345,410
  • 2020 · 990

    Revenue
    $29,142,977
    Expenses
    $26,198,158
    Assets (EOY)
    $13,742,668
  • 2019 · 990

    Revenue
    $27,862,085
    Expenses
    $28,713,268
    Assets (EOY)
    $10,807,821
  • 2018 · 990

    Revenue
    $34,637,360
    Expenses
    $34,343,811
    Assets (EOY)
    $12,572,132
  • 2017 · 990

    Revenue
    $33,113,945
    Expenses
    $32,009,912
    Assets (EOY)
    $11,948,053
  • 2016 · 990

    Revenue
    $30,808,655
    Expenses
    $29,852,705
    Assets (EOY)
    $10,848,787
  • 2015 · 990

    Revenue
    $29,756,350
    Expenses
    $27,365,547
    Assets (EOY)
    $9,289,669
  • 2014 · 990

    Revenue
    $31,010,104
    Expenses
    $29,873,874
    Assets (EOY)
    $5,348,276
  • 2013 · 990

    Revenue
    $28,364,005
    Expenses
    $29,035,995
    Assets (EOY)
    $6,084,079
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $26,657,099
    Assets (EOY)
    $6,698,058

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2025 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2025 return

  • Aroostook County Federal Savings & Loan

  • Bangor Savings Bank

  • Bar Harbor Bankshares

  • Bar Harbor Savings & Loan

  • Bath Savings Institution

  • Bigelow Investment Advisors

  • First Federal Savings & Loan Association of Bath

  • First National Bank

  • Franklin Savings Bank

  • Katahdin Trust Company

  • Maine Community Bank

  • Partners Bank

  • Portland Trust Company

  • Rockland Savings & Loan Association

  • Saco & Biddeford Savings Institution

  • Skowhegan Savings Bank

  • Spinnaker Trust

  • Association Services Inc

    C · Administration Services · ME

  • Community Banks Insurance Agency

    C · Insurance Services · ME

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.