Overview
What is Vermont Captive Insurance Association?
The Vermont Captive Insurance Association (VCIA) is a nonprofit organization based in South Burlington, Vermont. Their primary mission is to promote and support the captive insurance industry in the state. This is achieved through various means, including hosting educational events and seminars, both locally and nationally, to educate people about Vermont's captive insurance sector. VCIA also provides legislative leadership, fostering an environment conducive to the continued growth and prosperity of the captive industry and the Vermont captive community. With a dedicated team of nine employees, VCIA strives to serve its members by offering opportunities for information sharing, networking, and mutual support.
Official website here: www.vcia.com
Is Vermont Captive Insurance Association legitimate?
Vermont Captive Insurance Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Vermont Captive Insurance Association 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $193,709
Professional Fundraising Fees: $0
Other Salaries and Wages: $542,079
For more financial information, click here
Official website here: www.vcia.com
What is the mission statement of Vermont Captive Insurance Association?
The Vermont Captive Insurance Association (VCIA) aims to promote the captive insurance industry, serving as a catalyst for its growth and health. They achieve this by providing legislative leadership, organizing educational events, and fostering a network of mutual support among members who share similar objectives. VCIA conducts regional meetings and seminars to educate people about the captive insurance industry, attracting participants from various parts of the world. The association strives to maintain an economically sound and actively governed organization, supported by a participatory membership, in order to create a favorable environment for the captive industry's continued growth.
Official website here: www.vcia.com
Who is the CEO of Vermont Captive Insurance Association?
Kevin Mead is the Chair of Vermont Captive Insurance Association.
Official website here: www.vcia.com
What is the revenue of Vermont Captive Insurance Association?
Vermont Captive Insurance Association's revenue in 2022 was $1,673,963.
Official website here: www.vcia.com
Who are the executives of Vermont Captive Insurance Association and what are their salaries?
The average compensation at Vermont Captive Insurance Association during 2022 was $81,754. There are 9 employees and 130 volunteers at Vermont Captive Insurance Association.
Here are 16 key members and their salaries:
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- Compensation: $115,307
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- Compensation: $103,116
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- Other: $17,341
Official website here: www.vcia.com
Where can I find the form 990 for Vermont Captive Insurance Association?
Vermont Captive Insurance Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vcia.com
Learn more at the official website: www.vcia.com
Mission Statement of Vermont Captive Insurance Association
The Vermont Captive Insurance Association (VCIA) is committed to fostering an environment conducive to the expansion and well-being of the captive insurance industry in Vermont. To achieve this, the organization serves as a legislative leader, offering education, platforms for information exchange, and a network of mutual support to its members. This collaborative approach aims to establish a financially sound association, actively governed and maintained by an engaged membership, thus ensuring the continued growth and prosperity of the captive industry and the Vermont captive community.
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Impact
October, 2024
The Vermont Captive Insurance Association (VCIA) significantly impacts the captive insurance industry by promoting Vermont as a premier location for captive insurance. By organizing events such as its annual conference, which attracts nearly 1,000 participants from around the globe, VCIA fosters networking and educational opportunities for both members and non-members. This enhances the overall knowledge and expertise within the industry and helps establish Vermont as a leader in captive insurance.
Through various regional meetings and seminars held across the United States, VCIA educates stakeholders about Vermont's captive insurance advantages, further solidifying its reputation as a hub for this sector. The association also provides legislative leadership, ensuring that members are well-informed about relevant policies and advocating for a regulatory environment conducive to growth.
By facilitating opportunities for information-sharing and mutual support, VCIA creates a robust community that enables participants to thrive. Its efforts contribute to an economically sound association that not only supports individual members but also ensures the collective health and growth of the captive insurance industry in Vermont.
This information is meant to be a general summary of Vermont Captive Insurance Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,420
- Program Service Revenue: $1,660,156
- Gross Receipts: $1,726,937
Assets and Liabilities:
- Total Assets: $1,105,591
- Total Liabilities: $551,964
- Net Assets: $553,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL CONFERENCE
Revenue
$1,208,760
MEMBERSHIP DUES
Revenue
$355,496
NETWORKING EVENTS
Revenue
$34,965
WEBINARS
Revenue
$32,405
SPONSORSHIPS
Revenue
$24,000
Organization Details
Founding Year
1986
Phone
(802) 658-8242Principal Officer
Kevin Mead
Main Address
150 DORSET ST STE 245 PMB 329, SOUTH BURLINGTON, VT, 05403
Website
www.vcia.comNTEE Category
Code: Y00C - Mutual benefit
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