philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Masc Group Ins Tr FY2022 filing

N Charleston, SCMutual-benefit / member-servingSince 2021Mutual / membership EIN 85-6395415Revenue $740K in FY2022

On file with the IRSmaritimesc.org4500 Leeds Ave Ste 229w, 29405-9959 · N Charleston, SCTax-exempt since Nov 2022

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To provide Group health insurance and other welfare benefits to the employees of the maritime association of south carolina's member employers by issuance of one or more fully insured insurance policies.

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $27K a year · 2% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$49
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$740K
Spent
$736K
Net assets
$13K
By yearFY2022–FY2025
Revenue
$740K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$740K
FY2023$1.2M
FY2024$2.1M
FY2025$2.6M
Expenses
$736K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$736K
FY2023$1.1M
FY2024$2.1M
FY2025$2.6M
Net assets
$13K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$13K
FY2023$34K
FY2024$70K
FY2025$114K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Masc Group Ins Tr executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers group health insurance and other welfare benefits to members.

Questions for Masc Group Ins Tr

Tap to ask. Masc Group Ins Tr sees how many people are interested.

Your first name shows with your question. Masc Group Ins Tr answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2022
01

Beginning january 1, 2021, the maritime association of south carolina group insurance trust (the trust) began providing group health insurance and other welfare benefits to the employees of the maritime association of south carolina (masc) member employers by issuance of one or more fully insured insurance POLICIES.THE trust program is…

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$740K
Ln 12
Fees for servicesLn 2g$740K
Money outPt IX
$736K
Ln 25
Owns and owesPt X
$13K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$13K
LiabilitiesLn 26$49
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$740K
Total revenueLn 12$740K
Assets in detailPt X, end of year
CashLn 1$11K
Cash and savings togetherLn 1–2$11K
Total assetsLn 16$13K
LiabilitiesLn 26$49
Net assetsLn 32$13K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$6K$11K
Total assetsLn 16$8K$13K
LiabilitiesLn 26$40$49
Net assetsLn 32$8K$13K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$728K
Management feesLn 11a$8K
Office expensesLn 13$480
Total functional expensesLn 25$736K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.6M$2.6M$45K$114K 990 PDF
FY2024 $2.1M$2.1M$36K$70K 990 PDF
FY2023 $1.2M$1.1M$21K$34K 990 PDF
FY2022 Viewing $740K$736K$5K$13K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $740,459 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $642,186$740,459
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $642,186$740,459
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $625,592$727,600
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,312$8,213
I-18 Total expensesPrior year $633,904$735,813
I-19 Revenue less expensesPrior year $8,282$4,646
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $740,459 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $740,459$740,459
VIII-12 Total revenueRelated to mission $0 · Unrelated business $740,459 · Excluded from tax $0$740,459
Part IX · Statement of functional expenses $735,813 across 3 lines filed
IX-4 Benefits paid to or for members$727,600
IX-11a Management fees$7,733
IX-13 Office expenses$480
IX-25 Total functional expenses$735,813
Part X · Balance sheet $12,977 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $6,272$10,805
X-3 Pledges and grants receivableStart of year $2,050$2,172
X-16 Total assetsStart of year $8,322$12,977
X-17 Accounts payable and accrued expensesStart of year $40$49
X-26 Total liabilitiesStart of year $40$49
X-32 Total net assets or fund balancesStart of year $8,282$12,928
X-33 Total liabilities and net assetsStart of year $8,322$12,977
Part XI · Reconciliation of net assets $12,928 net assets at year end
XI-1 Total revenue$740,459
XI-2 Total expenses$735,813
XI-3 Revenue less expenses$4,646
XI-4 Net assets at start of year$8,282
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$12,928

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.