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Maine Automobile Dealers Association Inc Insurance Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010288347 ✦ Augusta, ME ✦ Designated as a 501(c)(9)

Overview

What is Maine Automobile Dealers Association Inc Insurance Trust?

Maine Automobile Dealers Association Inc Insurance Trust is a nonprofit organization based in Augusta, Maine. Its primary function is to manage group health and life insurance programs designed to benefit the members of Maine Automobile Dealers Association. The Trust provides essential benefits, including health, dental, life, vision, and disability coverage, for the employees of these members. The Trust's mission is to ensure that eligible employees have access to comprehensive insurance plans, enhancing their overall well-being and financial security.


Is Maine Automobile Dealers Association Inc Insurance Trust legitimate?

Maine Automobile Dealers Association Inc Insurance Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Maine Automobile Dealers Association Inc Insurance Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Maine Automobile Dealers Association Inc Insurance Trust?
Who is the CEO of Maine Automobile Dealers Association Inc Insurance Trust?
What is the revenue of Maine Automobile Dealers Association Inc Insurance Trust?
Who are the executives of Maine Automobile Dealers Association Inc Insurance Trust and what are their salaries?
Where can I find the form 990 for Maine Automobile Dealers Association Inc Insurance Trust?

Mission Statement of Maine Automobile Dealers Association Inc Insurance Trust

Maine Automobile Dealers Association Inc Insurance Trust is a dedicated organization that focuses on extending health, dental, life, vision, and disability benefits to the employees of its member companies. By administering group health and life insurance programs, this trust aims to enhance the wellbeing and security of the workforce within the Maine Automobile Dealers Association community.

In essence, Maine Automobile Dealers Association Inc Insurance Trust functions as a vital partner to its member organizations, offering a comprehensive suite of benefits designed to promote the health and financial stability of their employees. The trust's mission is to provide these essential benefits and ensure that they are accessible to the employees who rely on them for their overall well-being. By doing so, it enables the member companies to attract and retain top talent while demonstrating a commitment to their workforce.

The Maine Automobile Dealers Association Inc Insurance Trust is an essential pillar of support for its member companies, administering programs that provide peace of mind and security to their employees. With its focus on health, dental, life, vision, and disability benefits, the trust plays a crucial role in enhancing the overall quality of life for those who work within the Maine automobile dealership industry. By providing these benefits, the trust not only supports the wellbeing of individual employees but also contributes to the long-term success and sustainability of the member companies.

Impact

This information is meant to be a general summary of Maine Automobile Dealers Association Inc Insurance Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Maine Automobile Dealers Association Inc Insurance Trust plays a crucial role in providing essential health, dental, life, vision, and disability benefits to its members' employees. By administering group insurance programs, this trust ensures that employees of the Maine Automobile Dealers Association have access to important healthcare and financial protections. The impact of this trust extends to the well-being and security of the individuals covered under its programs, contributing to a healthier and more stable workforce within the automotive industry.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $478,180
  • Program Service Revenue: $29,826,673
  • Gross Receipts: $32,307,871

    • Assets and Liabilities:
  • Total Assets: $10,559,254
  • Total Liabilities: $2,148,880
  • Net Assets: $8,410,374
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INS PREMIUMS COLLECTED

    Revenue

    $29,804,818

    LTD ADMIN FEE

    Revenue

    $21,855

    Organization Details

    Founding Year

    1950

    Principal Officer

    Kirk Carroll

    Main Address

    PO BOX 2667, AUGUSTA, ME, 043382667

    NTEE Category

    Code: E81Z - Health

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