Civic Intelligence

Maine Workers Compensation Policyholder Trust

990 • Fiscal year 2024 • EIN 47-7212082

Jan 01, 2024 to Dec 31, 2024 • Filed on May 08, 2025

Organization ProfileN/A
45 Melville St 1Augusta, ME 04330

(207) 623-1149

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2024 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2024 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2024

Net Margin

90th percentile

72%

Higher net margin than 90% of similar nonprofits.

2024 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

41st percentile

$19,875

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2024 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2024

Asset Growth

63rd percentile

9.9%

Faster asset growth than 63% of similar nonprofits.

2024 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-52%

Faster revenue growth than 5% of similar nonprofits.

2024 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$19,502,233

Up $6,523,610 (+50%) from 2022

Net Assets

Up

$19,500,733

Up $6,526,049 (+50%) from 2022

Liabilities

Down

$1,500

Down $2,439 (-62%) from 2022

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin90th percentile

Revenue

Up

$2,455,768

Up $2,129,451 (+653%) from 2022

Expenses

Up

$680,819

Up $571,880 (+525%) from 2022

Net Income

Up

$1,774,949

Up $1,557,571 (+717%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2018: $9,725,606Liabilities 2018: $3,186Net Assets 2018: $9,722,4202018Assets 2019: $13,270,827Liabilities 2019: $3,878Net Assets 2019: $13,266,9492019Assets 2020: $14,175,857Liabilities 2020: $58Net Assets 2020: $14,175,7992020Assets 2021: $14,712,296Liabilities 2021: $3,483Net Assets 2021: $14,708,8132021Assets 2022: $12,978,623Liabilities 2022: $3,939Net Assets 2022: $12,974,6842022Assets 2024: $19,502,233Liabilities 2024: $1,500Net Assets 2024: $19,500,7332024

Highlighted filing

2024

Assets$19,502,233
Liabilities$1,500
Net Assets$19,500,733
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2018: $3,100,117Expenses 2018: $210,358Net Income 2018: $2,889,7592018Revenue 2019: $3,121,769Expenses 2019: $145,446Net Income 2019: $2,976,3232019Revenue 2020: $384,801Expenses 2020: $222,568Net Income 2020: $162,2332020Revenue 2021: $635,550Expenses 2021: $121,812Net Income 2021: $513,7382021Revenue 2022: $326,317Expenses 2022: $108,939Net Income 2022: $217,3782022Revenue 2024: $2,455,768Expenses 2024: $680,819Net Income 2024: $1,774,9492024

Highlighted filing

2024

Revenue$2,455,768
Expenses$680,819
Net Income$1,774,949
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.1
Gross Receipts
$4,225,546
Mission and Program Overview

Mission

To use the funds in the Trust on matters pertaining to workers' compensation in Maine in a manner that benefits those Maine employees that purchased workers' compensation insurance between September 1995 and November 2001.

To utilize funds to assist Maine employers and organizations with activities that will help build a stronger, safer, healthier, and more successful future workforce and economy within the state of Maine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,282,591$18,322,871▲ $1,040,280
Savings and Temporary Cash Investments$462,420$1,170,946▲ $708,526
Total Assets$17,753,427$19,502,233▲ $1,748,806
Other Assets Total$8,416$8,416→ $0
Liabilities
Accounts Payable and Accrued Expenses$27,643$1,500▼ $26,143
Total Liabilities$27,643$1,500▼ $26,143
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,725,784$19,500,733▲ $1,774,949
Total Net Assets Fund Balance$17,725,784$19,500,733▲ $1,774,949
Total Liabilities and Net Assets / Fund Balance$17,753,427$19,502,233▲ $1,748,806
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleBaseTotal
Mari O'Neil MBEPAdministrator$19,875$19,875

Board Members and Trustees

NameTitle
Curtis PicardTrustee
Patrick WoodcockTrustee
Peter GoreTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,432,612
Program Service Revenue
$0
Investment Income
$1,023,156
Other Revenue
$0
All Other Contributions
$1,432,612
Change in Net Assets
$1,774,949
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$585,181
Other Expenses$95,638
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$585,181--$585,181
Fees for Service Investment Mgmnt Fees-$56,941-$56,941
Fees for Services Management-$19,875-$19,875
Fees for Services Accounting-$11,869-$11,869
Insurance-$6,065-$6,065
Fees for Services Legal-$785-$785
Office Expenses-$103-$103
Total Functional Expenses$585,181$95,638$0$680,819
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Maine Business Education Partnership dba Maine Business Relief FundAugusta, ME501(c)(3)Funding for businesses that were impacted by the "Grinch" December storm in Maine$250,000
Maine Business Education PartnershipAugusta, ME501(c)(3)Training program for workforce in the forestry and lumber field in Maine$77,435
Maine Business Education PartnershipAugusta, ME501(c)(3)Secondary School Education program for forestry workforce sector in Maine$64,746
Maine Business Education PartnershipAugusta, ME501(c)(3)Workforce Innovation program in Presque Isle, Maine$50,000
Maine Business Education PartnershipAugusta, ME501(c)(3)Piscataquis Chamber Workforce Program$45,000
Maine Business Education PartnershipAugusta, ME501(c)(3)Program for workforce growth and housing in Piscataquis County Maine$35,000
Maine Business Education PartnershipAugusta, ME501(c)(3)Educational mini grants awarded to school for ELO and career expedition programs$30,000
Maine Business Education PartnershipAugusta, ME501(c)(3)Ocean Green education program geared towards secondary students pursuing careers in this field in Maine$28,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The Maine Business Education Partnership oversees the administration of funds for grant award management, disbursement of funds, and financial oversight. Mari O'Neil is serving as the representative on behalf of the Maine Business Education Partnership.”

Form 990, Part VI, Section A, line 8B

“There are no committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, line 11B

“The Board of Directors receives a complete copy of the Form 990 for their review prior to filing.”

Form 990, Part VI, Section B, line 15

“At this time, the Organization does not compensate any individuals. Therefore, questions 15a and 15b have been intentionally answered 'no'.”

Form 990, Part VI, Section C, line 19

“The Organization makes its governing documents available for public inspection upon request.”

Form 990, Part VI, Section B, Lines 12A - 14:

“The Organization did not have a conflict of interest, whistleblower, or written document retention and destruction policy in place during 2024 and is planning to implement all of these policies in 2025.”

Filing and Contact Details

Filer

Filer Name
Maine Workers Compensation Policyholder
EIN
47-7212082
Phone
2076231149
Address
45 Melville St 1, Augusta, ME 04330

Signing Officer

Name
Curtis Picard
Title
Trustee
Phone
2076231149
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Curtis Picard
Formed
2015
Legal Domicile
Me
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
2211 Congress St, Portland, ME 04102
Preparer
Barbara J McGuan CPA
Phone
2077752387
Raw XML Appendix398 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Secondary School Education program for forestry workforce sector in Maine
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Training program for workforce in the forestry and lumber field in Maine
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Funding for businesses that were impacted by the "Grinch" December storm in Maine
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Ocean Green education program geared towards secondary students pursuing careers in this field in Maine
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Program for workforce growth and housing in Piscataquis County Maine
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Educational mini grants awarded to school for ELO and career expedition programs
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Workforce Innovation program in Presque Isle, Maine
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7Piscataquis Chamber Workforce Program
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Maine Business Education Partnership
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Maine Business Education Partnership
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Maine Business Education Partnership dba Maine Business Relief Fund
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Maine Business Education Partnership
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt545 Melville Street
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd204330
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd304330
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd404330
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd504330
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd604330
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd704330
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Maine Business Education Partnership manages the administration of funds for grant awards, including disbursement, reporting, and financial oversight. Mari O'Neil represents the Maine Business Education Partnership. Grantees are required to submit quarterly reports on programs and use of grant funds to Mari O'Neil.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt019875
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Mari O'Neil MBEP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Administrator
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt019875
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0MWCP Trust paid Maine Business Education Partnership $19,875 for administrative services. Mari O'Neil is employed by Maine Business Education Partnership and amounts paid directly to Mari O'Neil for such services are not determinable.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VII, line 5:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Maine Business Education Partnership oversees the administration of funds for grant award management, disbursement of funds, and financial oversight. Mari O'Neil is serving as the representative on behalf of the Maine Business Education Partnership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors receives a complete copy of the Form 990 for their review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3At this time, the Organization does not compensate any individuals. Therefore, questions 15a and 15b have been intentionally answered 'no'.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization makes its governing documents available for public inspection upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization did not have a conflict of interest, whistleblower, or written document retention and destruction policy in place during 2024 and is planning to implement all of these policies in 2025.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Lines 12a - 14:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt017753427
IRS990/TotalAssetsEOYAmt019502233
IRS990/TotalAssetsGrp/BOYAmt017753427
IRS990/TotalAssetsGrp/EOYAmt019502233
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01432612
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt095638
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0585181
IRS990/TotalFunctionalExpensesGrp/TotalAmt0680819
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027643
IRS990/TotalLiabilitiesEOYAmt01500
IRS990/TotalLiabilitiesGrp/BOYAmt027643
IRS990/TotalLiabilitiesGrp/EOYAmt01500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017725784
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt019500733
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0585181
IRS990/TotalReportableCompFromOrgAmt019875
IRS990/TotalRevenueGrp/ExclusionAmt01023156
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02455768
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017753427
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019502233
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt045 Melville St 1
IRS990/USAddress/CityNm0Augusta
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004330
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Curtis Picard
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Trustee
ReturnHeader/BusinessOfficerGrp/PhoneNum02076231149
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Maine Workers Compensation Policyholder
ReturnHeader/Filer/BusinessNameControlTxt0MAIN
ReturnHeader/Filer/EIN0477212082
ReturnHeader/Filer/PhoneNum02076231149
ReturnHeader/Filer/USAddress/AddressLine1Txt045 Melville St 1
ReturnHeader/Filer/USAddress/CityNm0Augusta
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004330
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010523282
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Berry Dunn McNeil & Parker LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02211 Congress St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Portland
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004102
ReturnHeader/PreparerPersonGrp/PhoneNum02077752387
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Barbara J McGuan CPA
ReturnHeader/ReturnTs02025-05-08T10:48:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,502,233
Liabilities
$1,500
Net assets
$19,500,733
Revenue
$2,455,768
Expenses
$680,819
Net income
$1,774,949
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.5$0.00$19.5$2.46$0.68$1.77
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$0.00$13.0$0.33$0.11$0.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$0.00$14.7$0.64$0.12$0.51
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.2$0.00$14.2$0.38$0.22$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$0.00$13.3$3.12$0.15$2.98
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.73$0.00$9.72$3.10$0.21$2.89