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Delaware Captive Insurance Association Inc

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

EIN: 203619639 ✦ Wilmington, DE ✦ Designated as a 501(c)(6)

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Overview

What is Delaware Captive Insurance Association Inc?

Delaware Captive Insurance Association Inc, situated in Wilmington, DE, serves as a trade or professional organization, acting as a chamber of commerce. Their primary objective is to motivate and foster the establishment of captive insurance companies within Delaware, as indicated by their mission statement. Although the information does not specify, they may operate under a 501c 6 status, which typically represents business leagues, chambers of commerce, real estate boards, and boards of trade. However, without further context, the exact nature of their activities or the specific services they provide remains unclear.


Official website here: www.delawarecaptive.org

Is Delaware Captive Insurance Association Inc legitimate?

Delaware Captive Insurance Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Delaware Captive Insurance Association Inc submitted a form 990EZ, 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 tax deductible.


Official website here: www.delawarecaptive.org

What is the mission statement of Delaware Captive Insurance Association Inc?

The Delaware Captive Insurance Association is an organization that focuses on promoting the establishment of captive insurance companies. Its mission, in simpler terms, is to actively encourage and facilitate the formation of captive insurance companies within Delaware. This association does not fall under the category of 501c 6, as no specific information regarding this aspect was provided.


Official website here: www.delawarecaptive.org

Who is the CEO of Delaware Captive Insurance Association Inc?

Joanne Shaver is the President of Delaware Captive Insurance Association Inc.


Official website here: www.delawarecaptive.org

What is the revenue of Delaware Captive Insurance Association Inc?

Delaware Captive Insurance Association Inc's revenue in 2022 was $45,130.


Official website here: www.delawarecaptive.org

Who are the executives of Delaware Captive Insurance Association Inc and what are their salaries?


Here are 12 key members and their salaries:


Joanne Shaver (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Teichman (President Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victoria Fimea (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Williams (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Rennick (Corporate Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Cavanaugh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Claire Goff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Klumpp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Little (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Stormer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Theriault (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.delawarecaptive.org

Where can I find the form 990EZ for Delaware Captive Insurance Association Inc?

Delaware Captive Insurance Association Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.delawarecaptive.org

Learn more at the official website: www.delawarecaptive.org

Mission Statement of Delaware Captive Insurance Association Inc

Delaware Captive Insurance Association, as a trade or professional association, is committed to promoting the establishment of captive insurance companies within Delaware. Their mission, in simple terms, is to foster an environment that encourages the creation of captive insurance entities. This association does not fall under the 501c6 category, suggesting that it may not have a specific charitable purpose, but rather serves as a platform for the growth and development of the captive insurance industry within Delaware.

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Impact




October, 2024

The Delaware Captive Insurance Association Inc plays a crucial role in promoting the formation of captive insurance companies in Delaware. By advocating for this specialized form of insurance, the organization helps businesses manage risks more effectively and could lead to cost savings for companies that establish captives. Its efforts support the growth of the industry within the state, contributing to Delaware's reputation as a leader in the captive insurance market. This fosters economic development by attracting investment and creating job opportunities within the insurance sector, while also enhancing community improvement initiatives through enhanced financial stability for participating businesses. The association's work ultimately strengthens Delaware's economy and reinforces its position as a key player in the captive insurance landscape.




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


Financials

This financial information is from Propublica.

Revenue
$45,130 (2022)
Expenses
$65,694 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $17,730
  • Gross Receipts: $45,130

Assets and Liabilities:

  • Total Assets: $123,805
  • Total Liabilities: $16,438
  • Net Assets: $107,367

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Organization Details

Principal Officer

Joanne Shaver

Main Address

4023 Kennett Pike Box 801, Wilmington, DE, 19807

NTEE Category

Code: S41 - Community improvement

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