Overview
What is United States Indemnity & Casualty?
United States Indemnity & Casualty, situated in Novi, MI, is a specialized insurance provider. Their primary focus is on issuing surety bonds, which are crucial in construction agreements. By providing these bonds, they help ensure contractual obligations are met, acting as a safeguard for both clients and contractors involved in construction projects. The organization mainly functions as an insurer, offering services centered around surety bonds, thus contributing to the stability and reliability of construction agreements.
Is United States Indemnity & Casualty legitimate?
United States Indemnity & Casualty is a legitimate nonprofit organization registered as a 501(c)(15) entity. United States Indemnity & Casualty 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of United States Indemnity & Casualty?
United States Indemnity & Casualty is primarily engaged in issuing surety bonds associated with construction agreements. As an insurance provider, their mission revolves around providing necessary insurance services and programs that involve surety bonds. Their activities are centered around providing financial security to their clients involved in construction agreements, acting as a safeguard against potential risks or liabilities.
Who is the CEO of United States Indemnity & Casualty?
Mark Churella is the Officer of United States Indemnity & Casualty.
What is the revenue of United States Indemnity & Casualty?
United States Indemnity & Casualty's revenue in 2022 was $125.
Who are the executives of United States Indemnity & Casualty and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for United States Indemnity & Casualty?
United States Indemnity & Casualty's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of United States Indemnity & Casualty
United States Indemnity & Casualty, as an insurance provider, is dedicated to issuing surety bonds associated with construction agreements. This mission involves providing a critical safety net for parties involved in construction projects, ensuring that financial obligations are met and disputes are resolved fairly. By offering surety bonds, United States Indemnity & Casualty fosters a secure environment for construction projects, allowing for the smooth execution of agreements between contractors, developers, and other stakeholders. Their activities primarily revolve around the provision of insurance services and programs, with a focus on surety bonds. This mission is instrumental in safeguarding the financial interests of various parties involved in construction projects, thereby promoting confidence and stability within the industry.
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Impact
October, 2024
United States Indemnity & Casualty significantly impacts the construction industry by providing surety bonds that facilitate project financing and completion. By issuing these bonds, they support contractors and developers in securing necessary contracts and ensuring that projects adhere to regulations and contractual obligations. This not only instills confidence among project owners but also helps in mitigating risks associated with construction delays or failures.
Their services enhance the reliability of construction projects, as surety bonds act as a financial guarantee that the contract will be completed as agreed. This fosters a more stable construction environment, encouraging investment and growth within the sector. With a focus on insurance services tied to surety bonds, United States Indemnity & Casualty plays a crucial role in enhancing trust and accountability within the construction agreements, thereby contributing to the overall health of the construction market.
This information is meant to be a general summary of United States Indemnity & Casualty. 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: $12
- Program Service Revenue: $113
- Gross Receipts: $125
Assets and Liabilities:
- Total Assets: $2,868,532
- Total Liabilities: $2,492,429
- Net Assets: $376,103
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PREMIUM INCOME
Revenue
$113
Organization Details
Founding Year
1993
Principal Officer
Mark Churella
Main Address
39500 HIGH POINTE BLVD RM/STE 400, NOVI, MI, 48375
NTEE Category
Code: Y20 - Mutual benefit
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