Overview
What is Lac Assurance Ltd?
Lac Assurance Ltd is a local, non-public insurance organization based in Mesa, Arizona, with a specific address at 1635 N Greenfield Road Suite 127. Its primary mission involves providing liability coverage to entities that have affiliations with or are directly or indirectly owned by the company's members. This nonprofit organization is dedicated to safeguarding its members from potential liabilities, thereby ensuring their financial security.
Is Lac Assurance Ltd legitimate?
Lac Assurance Ltd is a legitimate nonprofit organization registered as a 501(c)(15) entity. Lac Assurance Ltd 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 Lac Assurance Ltd?
Lac Assurance Ltd, as a non-public insurance organization, provides liability coverage primarily to entities that are affiliated with or directly or indirectly owned by its members. The company's mission is centered around offering this specific type of insurance coverage, aiming to protect its clientele from potential liabilities. Lac Assurance Ltd serves as a safety net for its members, providing them with peace of mind through its insurance services. The organization is relatively small and local, catering to the insurance needs of its members within its community.
Who is the CEO of Lac Assurance Ltd?
John Shackelford Iii is the President of Lac Assurance Ltd.
What is the revenue of Lac Assurance Ltd?
Lac Assurance Ltd's revenue in 2022 was $272,866.
Who are the executives of Lac Assurance Ltd and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lac Assurance Ltd?
Lac Assurance Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lac Assurance Ltd
Lac Assurance Ltd, a nonpublic insurance organization, is dedicated to providing liability coverage. This mission extends to entities that are affiliated with or directly or indirectly owned by the company's members. By offering this coverage, Lac Assurance Ltd serves as a protective shield, safeguarding its members from potential liabilities. This mission underscores the company's commitment to supporting its members in various capacities, ensuring they are shielded from potential financial burdens that may arise due to liability issues.
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Impact
October, 2024
Lac Assurance Ltd plays a crucial role in providing liability coverage to entities affiliated with or owned by its members in Mesa, AZ. By focusing on mutual benefit, the organization supports local businesses and organizations, ensuring they have the necessary protection against potential risks and liabilities. This coverage not only fosters stability within the local economy but also encourages entrepreneurship and community development. Serving as a nonpublic insurance organization, Lac Assurance Ltd helps its members navigate the complexities of liability management, allowing them to operate with greater peace of mind and promoting a safer business environment in the region.
This information is meant to be a general summary of Lac Assurance Ltd. 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: $62,026
- Gross Receipts: $272,866
Assets and Liabilities:
- Total Assets: $2,960,786
- Total Liabilities: $361,990
- Net Assets: $2,598,796
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Organization Details
Founding Year
2013
Principal Officer
John Shackelford Iii
Main Address
1635 N GREENFIELD ROAD SUITE 127, MESA, AZ, 85205
NTEE Category
Code: Y20 - Mutual benefit
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