Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D
- Assets
- $9.7m
- Revenue
- $31.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 01/1968
- Data as of
- 05/2023
- EIN
- 01-0288347
Organization Overview
Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D is located in Augusta, ME. The organization was established in 1968. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 05/2023, Main Automobile Dealers Assoc Inc Insurance Trust 180 Civic Center D generated $31.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $32.2m during the year ending 05/2023. While expenses have increased by 2.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH, DENTAL, LIFE, VISION AND DISABILITY BENEFITS TO ITS MEMBERS' EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTERS GROUP HEALTH AND LIFE INSURANCE PROGRAMS FOR BENEFIT OF THE MEMBERS OF MAINE AUTOMOBILE DEALERS ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Dutch Board Chair | OfficerTrustee | 0.5 | $0 |
Kirk Carroll Trustee | Trustee | 1 | $0 |
John Isaacson Trustee | Trustee | 1 | $0 |
Frederick Pape III Trustee | Trustee | 1 | $0 |
Mark Polittle Trustee | Trustee | 1 | $0 |
H William Sowles Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $31,194,977 |
| Investment income | $180,539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$131,141 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,244,375 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $30,114,622 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,444 |
| Fees for services: Accounting | $33,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,907 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,994 |
| Information technology | $18,900 |
| Royalties | $0 |
| Occupancy | $15,900 |
| Travel | $10,559 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,130 |
| All other expenses | $91,200 |
| Total functional expenses | $32,171,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,386,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,215 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $80,141 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,872,691 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $366,302 |
| Total assets | $9,738,878 |
| Accounts payable and accrued expenses | $48,098 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,127,460 |
| Total liabilities | $2,175,558 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,563,320 |
| Total liabilities and net assets/fund balances | $9,738,878 |