Nonprofit · EIN 51-0172249
VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION
Tax-exempt · BOSTON, MA 02114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $919,555 | $577,600 | $341,955 | $30,995,392 | $0 | $30,995,392 |
| December 31, 2023 | 990 | $314,630 | $619,252 | -$304,622 | $30,653,437 | $0 | $30,653,437 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $39,693
- Investment income
- $879,862
- Net gain from sales of assets
- -$167,343
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $237,082
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,888
- Accounting fees
- $10,830
- Travel
- $2,217
Balance sheet and other
- Total assets, start of year
- $30,653,437
- Total assets, end of year
- $30,995,392
- Total liabilities, end of year
- $0
- Net assets, end of year
- $30,995,392
- Publicly traded securities
- $28,099,264
- Gross receipts
- $19,929,721
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1969
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William J Cahill Chair | representing Vermont Mutual Insurance Co Trustee or director | 1 | $0 |
| Sarah Jarvis Vice Chair | representing Union Mutual Fire Insurance Co Trustee or director | 1 | $0 |
| Haris Berenson Board Member | representing The Hanover Insurance Company Trustee or director | 1 | $0 |
| Lee Dowgiewicz Board Member | representing Co-operative Insurance Companies Trustee or director | 1 | $0 |
| Samantha Freedman Board Member | representing Government Employees Ins. Co. Trustee or director | 1 | $0 |
| Dave McPherson Board Member | representing MMG Insurance Company Trustee or director | 1 | $0 |
| Jennifer A Morrison Board Member | representing Amica Mutual Insurance Co Trustee or director | 1 | $0 |
| Michael P Nolin Jr Board Member | representing Concord General Mutual Ins Co Trustee or director | 1 | $0 |
| Joseph Torti Board Member | representing United States Fire Insurance Co Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William J Cahill Chair | representing Vermont Mutual Insurance Co Trustee or director | 1 | $0 |
| Jennifer A Morrison Vice Chair | representing Amica Mutual Insurance Co Trustee or director | 1 | $0 |
| Haris Berenson Board Member | representing The Hanover Insurance Company Trustee or director | 1 | $0 |
| Lee Dowgiewicz Board Member | representing Co-operative Insurance Companies Trustee or director | 1 | $0 |
| Samantha Freedman Board Member | representing Government Employees Ins. Co. Trustee or director | 1 | $0 |
| Sarah Jarvis Board Member | representing Union Mutual Fire Insurance Co Trustee or director | 1 | $0 |
| Dave McPherson Board Member | representing MMG Insurance Company Trustee or director | 1 | $0 |
| Michael P Nolin Jr Board Member | representing Concord General Mutual Ins Co Trustee or director | 1 | $0 |
| Joseph Torti Board Member | representing United States Fire Insurance Co Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- ONE BOWDOIN SQUARE 2ND FL, BOSTON, MA 02114-2927
- Principal officer (990 for 2024)
- Barbara Petersen Law, One Bowdoin Square, Second Floor, Boston, MA 021142916
- Signed the 990
- Heather Holland, Assistant Treasurer
- Phone
- (617) 227-7020
- Website
- www.gfms.org
Mission
During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Vermont state statute, Section 3611 of the Act.
Program accomplishments
- During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Vermont state statute, Section 3611 of the Act.Expenses $237,082
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0172249
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $30,995,392
- Income (IRS master file)
- $19,929,721
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $919,555 | $577,600 | $30,995,392 | IRS |
| 990 | December 2023 | $314,630 | $619,252 | $30,653,437 | XML |
| 990 | December 2022 | $130,480 | $656,906 | $30,958,059 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0172249).
Questions about VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION
- What is the EIN of VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION?
- The employer identification number (EIN) of VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION is 51-0172249.
- Is VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1975.
- Are donations to VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2024 names Barbara Petersen Law.
- Who are the officers and directors of VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does VERMONT PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $919,555, expenses of $577,600 and total assets of $30,995,392 at year end.
Other nonprofits in BOSTON
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND EIN 11-0303001 · last filed 990 for 2025
- DANA-FARBER CANCER INSTITUTE EIN 04-2263040 · last filed 990 for 2025
- CHILDRENS HOSPITAL CORPORATION EIN 04-2774441 · last filed 990 for 2025
- TRUSTEES OF BOSTON UNIVERSITY EIN 04-2103547 · last filed 990 for 2025
- NORTHEASTERN UNIVERSITY EIN 04-1679980 · last filed 990 for 2025
- BOSTON MEDICAL CENTER CORPORATION EIN 04-3314093 · last filed 990 for 2025
- COMMONWEALTH CARE ALLIANCE INC EIN 04-3756900 · last filed 990 for 2024
- HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION EIN 04-3070522 · last filed 990 for 2025