Roman Catholic Diocese Of Portland Diocesan Priests Medical Benefits
- Assets
- $5.9m
- Revenue
- $1.2m
- Investments
- $21.7k
- Employees
- 0
- Location
- Portland, ME
- Founding
- Data as of
- 06/2021
- EIN
- 84-4223462
Organization Overview
Roman Catholic Diocese Of Portland Diocesan Priests Medical Benefits is located in Portland, ME. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roman Catholic Diocese Of Portland Diocesan Priests Medical Benefits is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TAX-EXEMPT EMPLOYEE BENEFIT TRUST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Institutional Trustee | 1 | $5,445 | |
Rev Robert P Deeley Ex-Officio President | OfficerTrustee | 1 | $0 |
Rev Msgr Paul F Stefanko Chairperson | OfficerTrustee | 1 | $0 |
Sr Rita-Mae Bissonnette Rsr Secretary | OfficerTrustee | 1 | $0 |
David P Twomey Jr Trustee (end 10/2020) | Trustee | 1 | $0 |
Elizabeth Allen Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,190 |
| Investment income | $86,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $40,210 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,181,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $917,821 |
| Compensation of current officers, directors, key employees. | $5,445 |
| 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 | $19,142 |
| Fees for services: Accounting | $18,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,985 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $311 |
| Information technology | $663 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $981,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,572 |
| Savings and temporary cash investments | $306,931 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,880 |
| 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 | $59,590 |
| Investments—publicly traded securities | $5,232,873 |
| Investments—other securities | $21,667 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $111,318 |
| Total assets | $5,929,831 |
| Accounts payable and accrued expenses | $4,495 |
| 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 | $0 |
| Total liabilities | $4,495 |
| 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 |
| Total liabilities and net assets/fund balances | $5,925,336 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Financial Institutions Employee Ben Tr Westbrook, ME | $15,345,410 | $31,217,132 |
Awane Ins Tr Peterborough, NH | $16,348,379 | $19,422,061 |
New Hampshire Automobile Dealers Association Inc Health Insur Trust Bow, NH | $206,922 | $11,743,692 |
New Hampshire Motor Transport Assoc- Employee Benefit Trust Concord, NH | $855,526 | $9,821,627 |
Me Credit Union League Ins Tr Westbrook, ME | $2,599,679 | $6,458,602 |
Maine Oil Dealers Association Insurance Trust Brunswick, ME | $2,556,150 | $3,628,585 |
Unitil Non-Union Voluntary Employee Benefit Trust Hampton, NH | $9,647,842 | $2,389,254 |
Unitil Union Voluntary Employee Benefit Trust Hampton, NH | $12,682,946 | $7,786,941 |
Roman Catholic Diocese Of Portland Diocesan Priests Medical Benefits Portland, ME | $5,929,831 | $1,181,943 |
Exeter Health Resources Inc Short Term Disability Tr Exeter, NH | $495,980 | $968,968 |
Allied Government Solutions Health And Welfare Plan & Tr Dover, NH | $164,376 | $675,581 |
Ila Local 861 - Employer Health & Portland, ME | $55,268 | $277,416 |