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EIN 83-1102018

VMC Indemnity Company

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Burlington
State
Vermont
Year formed
2018
Most recent tax filings
2023-09-01
NTEE code, primary
B11: Education Single Organization Support
Description
VMC Indemnity Company provides self-insurance of professional liability and general liability risks exclusively for Uvmhn Inc., its tax-exempt subsidiaries, and their employed individuals. The company is located in Burlington, VT and is a critical provider of insurance coverage to the University of Vermont health network, a section 501(c)(3) organization, and its controlled tax-exempt affiliates under the Vermont captive law.
Total revenues
$19,684,453
2023
Total expenses
$10,819,686
2023
Total assets
$99,453,989
2023
Num. employees
0
2023

Program areas at VMC Indemnity Company

VMC Indemnity Company Inc. ("vmcic") provides essential insurance coverage exclusively to the university of Vermont health network ("uvmhn"), a section 501(c)(3) organization, and its controlled tax-exempt affiliates, all pursuant to the Vermont captive insurance Company statute (8 v.s.a. Sections 6001-6003). Vmcic facilitates self insurance of professional liability and general liability risks for organizations and employed professionals within uvmhn and provides stop loss coverage for claims exceeding the uvmhn self-insured employee benefit plan.

Personnel at VMC Indemnity Company

NameTitleCompensation
Richard VincentTreasurer$0
Todd KeatingFMR Treasurer / Director and Treasurer$0
Stephen M LefflerDirector and Vice President$0
Jan FergusonAssistant Secretary$0
John BrumstedDirector and Chair$0
...and 2 more key personnel

Financials for VMC Indemnity Company

RevenuesFYE 09/2023
Total grants, contributions, etc.$0
Program services$15,804,377
Investment income and dividends$3,068,047
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$812,029
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$19,684,453

Form 990s for VMC Indemnity Company

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-14990View PDF
2022-092023-08-14990View PDF
2021-092022-08-12990View PDF
2020-092021-09-03990View PDF
2018-092019-10-01990EZView PDF
Data update history
October 10, 2023
Updated personnel
Identified 1 new personnel
October 9, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 28, 2023
Used new vendors
Identified 1 new vendor, including
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 9, 2023
Updated personnel
Identified 13 new personnel
Nonprofit Types
School foundationsGrantmaking organizationsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
95 St Paul St
Burlington, VT 05401
Metro area
Burlington-South Burlington, VT
County
Chittenden County, VT
Phone
(802) 860-1958
IRS details
EIN
83-1102018
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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