2024-09-03T08:33:06-05:00 2023-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS RD STE 1500 RALEIGH NC 27609 990 2023-01-01 222744474 VERMONT CAPTIVE INSURANCE ASSOCIATION VERM 8026588242 150 DORSET ST STE 245 PMB 329 SOUTH BURLINGTON VT 05403 KEVIN MEAD PRESIDENT 8026588242 2024-09-01 1 0 J CALVIN MARKS P01226973 9197196400 2023 2024-08-08 14:25:15Z KEVIN MEAD 150 DORSET ST STE 245 PMB 329 SOUTH BURLINGTON VT 05403 2576401 0 X WWW.VCIA.COM X 1986 VT THE VERMONT CAPTIVE INSURANCE ASSOCIATION (VCIA) EXISTS TO PROMOTE THE VERMONT CAPTIVE INSURANCE INDUSTRY. VCIA HELD THEIR 39TH ANNUAL CONFERENCE IN AUGUST, DRAWING JUST OVER 1,000 PARTICIPANTS FROM ALL OVER THE WORLD. REGIONAL MEETINGS AND SEMINARS ARE ALSO HELD IN U.S. CITIES TO EDUCATE PEOPLE ABOUT VERMONT'S CAPTIVE INSURANCE INDUSTRY. 11 11 12 130 0 0 0 64557 1660156 1937422 8420 126596 5387 3029 1673963 2131604 1000 1250 0 0 853871 1032322 0 0 0 816912 881208 1671783 1914780 2180 216824 1105591 1339501 551964 519021 553627 820480 X VCIA PROVIDES MEMBERS WITH LEGISLATIVE LEADERSHIP, EDUCATION, OPPORTUNITIES FOR INFORMATION-SHARING AND A NETWORK OF MUTUAL SUPPORT WITH OTHERS WHO SHARE OBJECTIVES IN ORDER TO ENSURE AN ENVIRONMENT FAVORABLE TO THE CONTINUED GROWTH AND HEALTH OF THE CAPTIVE INDUSTRY AND THE VERMONT CAPTIVE COMMUNITY.THIS WILL BE ACCOMPLISHED THROUGH AN ECONOMICALLY SOUND ASSOCIATION THAT IS ACTIVELY GOVERNED AND SUPPORTED BY A PARTICIPATIVE MEMBERSHIP. 0 0 VCIA HELD ITS 39TH ANNUAL CONFERENCE FEATURING 33 SESSIONS AND FORUMS WHERE MEMBERS AND NON-MEMBERS NETWORK AND HAVE THE ABILITY TO EARN CPE/CLE CREDITS. VCIA HELD THREE EDUCATIONAL WEBINARS, ONE TRADE MISSION ROAD SHOW, AND ONE REGIONAL ROAD SHOW. MEMBERS AND NON-MEMBERS ARE ABLE TO EARN CPE/CLE CREDIT FOR THE EDUCATIONAL WEBINARS. THE TRADE MISSIONS/ROAD SHOWS SERVE TO EDUCATE PEOPLE ABOUT VERMONT'S CAPTIVE INSURANCE INDUSTRY. VCIA CONDUCTS LEGISLATIVE AND LOBBYING ACTIVITIES THOUGHOUT THE YEAR ON A STATE LEVEL. IN JANUARY, VCIA HELD THEIR ANNUAL LEGISLATIVE DAY IN MONTPELIER, VT. VCIA STAFF AND LEGISLATIVE MEMBERS GATHERED TO CONTINUE THE SUCCESSFUL WORKING RELATIONSHIP BETWEEN VCIA AND THE STATE'S ELECTED AND APPOINTED LEADERS. VCIA ALSO HIRES AN ATTORNEY IN WASHINGTON DC TO ATTEND NAIC MEETINGS ON BEHALF OF VCIA. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 12 1 0 0 0 0 1 1 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 1 0 VT X JOCELYN LAMB 8026588242 150 DORSET ST STE 245 PMB 329 SOUTH BURLINGTON VT 05403 KEVIN MEAD PRESIDENT 40.00 X 195333 0 20036 JANICE VALGOI DIR, MEMBERSHIP & SALES 40.00 X 133020 0 18106 DIANE LEACH DIR, EDU & PROG PLANNING 40.00 X 128553 0 4902 MARGARET COMPANION DIR, FINANCE 40.00 X 128184 0 4726 A TRACY HASSETT CHAIR 2.00 X X 0 0 0 JASON PALMER VICE CHAIR 2.00 X X 0 0 0 ANDREW BAILLIE TREASURER 2.00 X X 0 0 0 DENNIS SILVIA TREASURER (TO SEP '23) 2.00 X X 0 0 0 GAIL NEWMAN SECRETARY 2.00 X X 0 0 0 JOE CARTER DIRECTOR 2.00 X 0 0 0 LAWRENCE COOK DIRECTOR 2.00 X 0 0 0 IAN DAVIS DIRECTOR (FROM OCT '23) 2.00 X 0 0 0 RYAN GADAPEE DIRECTOR (FROM OCT '23) 2.00 X 0 0 0 CAMERON MACARTHUR DIRECTOR (FROM OCT '23) 2.00 X 0 0 0 STEPANIE MAPES DIRECTOR (TO MAY '23) 2.00 X 0 0 0 ANNE MARIE TOWLE DIRECTOR (TO SEP '23) 2.00 X 0 0 0 DERICK WHITE DIRECTOR 2.00 X 0 0 0 MELINDA YOUNG DIRECTOR (FROM OCT '23) 2.00 X 0 0 0 585090 0 47770 4 0 1 0 HILTON DOUBLETREE 870 WILLISTON RD SOUTH BURLINGTON VT 05403 EVENT SERVICES 194073 1 63307 1250 64557 ANNUAL CONFERENCE 900099 1479615 1470285 9330 MEMBERSHIP DUES 900099 387637 387637 SPONSORSHIPS 900099 36000 36000 WEBINARS 611710 22685 22685 NETWORKING EVENTS 900099 9000 9000 2485 2485 1937422 28576 28576 542817 444797 98020 98020 98020 3029 3029 3029 2131604 1928092 0 138955 1250 215369 657827 16325 75522 67279 73691 30900 9827 4051 32458 91327 135197 3639 71876 399309 17073 10220 DUES & SUBSCRIPTIONS 1640 1914780 28069 43121 23073 93577 55940 70818 64611 42287 19687 22324 897785 1065367 81037 44294 1105591 1339501 88076 77193 382851 397534 81037 44294 551964 519021 X 553627 820480 553627 820480 1105591 1339501 X 216824 55541 -5512 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 387637 16228 -449815 -433587 77527 -511114 64611 42287 22324 22324 DEFERRED COMPENSATION PAYABLE 44294 44294 X 2183094 55541 55541 2127553 4051 4051 2131604 1916241 5512 5512 1910729 4051 4051 1914780 PART X, LINE 2: MANAGEMENT HAS CONCLUDED THAT VCIA HAS PROPERLY MAINTAINED ITS EXEMPT STATUS AND HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS WHICH WOULD JEOPARDIZE ITS FEDERAL INCOME TAX EXEMPTION STATUS. PART XII, LINE 2D - OTHER ADJUSTMENTS: ACCOUNTING WRITE-OFF 5,512. X X 0 0 0 KEVIN MEAD PRESIDENT 170333 0 25000 0 0 0 4986 0 15050 0 215369 0 0 0 JANICE VALGOI DIR, MEMBERSHIP & SALES 124170 0 8850 0 0 0 3281 0 14825 0 151126 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 VCIA'S MEMBERSHIP CONSISTS OF FULL, ASSOCIATE, AFFLIATE AND TRIAL MEMBERS AS WELL AS INDIVIDUAL HONORARY MEMBERS ELECTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A FULL (CAPTIVE) MEMBERS OF VCIA ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ALL GOVERNING DOCUMENTS ARE REQUIRED TO BE APPROVED BY FULL (CAPTIVE) MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B VCIA'S FEDERAL FORMS 990 AND 990T ARE THOROUGHLY REVIEWED BY KEVIN MEAD, PRESIDENT AND JOCELYN LAMB, SENIOR DIRECTOR OF FINANCE, PRIOR TO FILING TO ENSURE THAT THE FORMS ARE COMPLETE AND ACCURATE. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF THE ASSOCIATION TO IDENTIFY, ADDRESS AND ACTIVELY MANAGE ISSUES OF ACTUAL, POTENTIAL AND PERCEIVED CONFLICTS OF INTEREST INVOLVING ALL BOARD MEMBERS AND KEY EMPLOYEES. COVERED INDIVIDUALS ARE REQUIRED TO COMPLETE, AND UPDATE AS NECESSARY, AN ANNUAL CONFLICT OF INTEREST (COI) DISCLOSURE FORM. ANY POTENTIAL CONFLICTS INVOLVING A MEMBER OF THE BOARD OR KEY EMPLOYEE IS REVIEWED BY CHAIR OF THE BOARD, THE PRESIDENT AND ANY OTHER INDIVIDUALS SO APPOINTED BY THE CHAIR OF THE BOARD. IF ANY IMPROPRIETY OR CONFLICTS EXIST, THEY ARE HANDLED BASED ON THE PARTICULAR CIRCUMSTANCES. INDIVIDUALS INVOLVED IN THE CONFLICT SITUATION WILL WORKS COOPERATIVELY WITH THE APPROPRIATE ASSOCIATION STAFF AND BOARD MEMBERS, ACTIONS MAY INCLUDE THE REMOVAL OF THE INDIVIDUAL FROM A POSITION OF DECISION-MAKING AUTHORITY WITH RESPECT TO THE CONFLICT SITUATION, NOT INVOLVING THE INDIVIDUAL IN DISCUSSIONS, DELIBERATIONS AND VOTES OF THE BOARD, IN THE EVENT THAT A CONFLICT INVOLVES A CONTRACT OR AGREEMENT BEING ENTERED INTO BY THE ASSOCIATION, THE CONFLICT MUST BE DISCLOSED, AND THE STEPS TAKEN TO ADDRESS IT BE DOCUMENTED. ANY DOCUMENTATION RELATED TO A CONFLICT OF INTEREST ACTION, TOGETHER WITH THE ANNUAL COI DISCLOSURES ARE KEPT ON FILE IN THE PRESIDENT'S OFFICE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD'S COMPENSATION COMMITTEE ANNUALLY REVIEWS THE PRESIDENT'S BASE COMPENSATION, BONUS AND PERFORMANCE. THE PRESIDENT REVIEWS AND APPROVES ALL EMPLOYEE PERFORMANCE AND COMPENSATION ADJUSTMENTS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS MADE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: ACCOUNTING WRITE-OFF -5,512.