2025-03-25T09:07:32-05:00 2024-06-30 350921680 CROWE LLP 401 E LAS OLAS BLVD SUITE 1100 FORT LAUDERDALE FL 333014230 990 2023-07-01 202139253 OLD CRESCENT INSURANCE COMPANY OLDC 8029229461 140 KENNEDY DRIVE SUITE 101 SOUTH BURLINGTON VT 05403 DANIEL KUSAILA PRESIDENT 8029229461 2025-03-25 1 0 BRITTNEY KOCAJ P01320603 9542028600 2025-03-25 2023 2025-03-06 01:10:19Z DONALD SLUKES 140 KENNEDY DRIVE SUITE 101 SOUTH BURLINGTON VT 05403 10305317 0 X OLDCRESCENTINSURANCECOMPANY.COM X 2004 VT TO PROVIDE INSURANCE COVERAGES TO THE TRUSTEES OF INDIANA UNIVERSITY. 7 1 0 1 0 0 0 0 2587073 2885774 298263 704454 0 0 2885336 3590228 0 0 0 0 0 0 0 0 0 941484 2214794 941484 2214794 1943852 1375434 19967831 22045221 8461678 8855687 11506153 13189534 X THE MISSION OF OLD CRESCENT INSURANCE COMPANY IS TO PROVIDE CERTAIN INSURANCE COVERAGES AND OTHER INSURANCE SERVICES TO ITS PARENT, THE TRUSTEES OF INDIANA UNIVERSITY, THEREBY ASSURING INSURANCE COVERAGE IN THOSE LINES, AS WELL AS PROVIDING A LAYER OF PROTECTION AGAINST SHIFTING COMMERCIAL INSURANCE MARKETS. 0 0 2151268 2885774 OLD CRESCENT INSURANCE COMPANY PROVIDES MEDICAL MALPRACTICE, CYBER, PROPERTY, AUTO LIABILITY, DIRECTORS AND OFFICERS' LIABILITY AND GENERAL LIABILITY INSURANCE COVERAGES TO THE TRUSTEES OFINDIANA UNIVERSITY, A TAX EXEMPT ORGANIZATION. THE INSURANCE COVERAGES ARE IN FURTHERANCE OF THE ORGANIZATION'S TAX-EXEMPT PURPOSE OF SUPPORTING THE TRUSTEES OF INDIANA UNIVERSITY. INDIANAUNIVERSITY OFFERS ACADEMIC PROGRAMS AT NINE CAMPUSES. THE UNIVERSITY OFFERS COURSES IN THE ARTS, HUMANITIES, SOCIAL, BEHAVIORAL, AND PHYSICAL SCIENCES, AND PROFESSIONAL FIELDS. 2151268 1 0 0 0 0 0 0 0 0 0 0 1 0 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 1 0 1 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X ARTEX RISK SOLUTIONS INC 8029229461 140 KENNEDY DRIVE SUITE 101 SOUTH BURLINGTON VT 05403 CAMILLE MBROEKER DIRECTOR 1.00 40.00 X 0 296624 68918 DONALD SLUKES PRESIDENT & DIRECTOR 1.00 40.00 X X 0 271114 46958 ANNA KJENSEN TREASURER & DIRECTOR 1.00 40.00 X X 0 268638 53474 TIMOTHY PBROWN DIRECTOR 1.00 40.00 X 0 149644 37899 KUTINA LENGLAND VICE-PRESIDENT & DIRECTOR 4.00 40.00 X X 0 130304 40106 MARY BDESRANLEAU SECRETARY AND DIRECTOR 1.00 X X 0 0 0 ANTHONY PRATHER DIRECTOR 1.00 40.00 X 0 514490 75475 0 1630814 322830 0 0 1 0 0 PREMIUMS EARNED 524298 2885774 2885774 2885774 816629 816629 6602914 6715089 -112175 -112175 -112175 3590228 2885774 0 704454 52615 39461 13154 9632 7224 2408 34553 25915 8638 26604 26604 25729 25729 574 574 33165 33165 12722 12722 INCURRED LOSSES 1999431 1999431 DEFERRED POLICY ACQUISI 13470 13470 6299 6299 2214794 2151268 63526 0 6018786 7213932 43401 49708 12216951 12875865 1688693 1905716 19967831 22045221 200500 309972 8261178 8545715 8461678 8855687 X 0 0 1400000 1400000 10106153 11789534 11506153 13189534 19967831 22045221 1375434 307947 0 X 0 1 X 1 0 X X X 1 INDIANA UNIVERSITY 356001673 2 1 0 2151268 1 0 2151268 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 INVESTMENT IN DEBT SECURITIES 12875865 F 12875865 PREMIUMS RECEIVABLE 1759777 ACCRUED INVESTMENT INCOME 118605 OTHER ASSETS 27334 1905716 UNPAID LOSSES & LOSS ADJUSTMENT 6739622 UNEARNED PREMIUMS 1806093 8545715 X 3871571 307947 307947 3563624 26604 26604 3590228 2188190 0 2188190 26604 26604 2214794 PART X, LINE 2: THE COMPANY ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES. FASB ASC 740 PROVIDES A FRAMEWORK FOR HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS IN THEIR FINANCIAL STATEMENTS. THE COMPANY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE COMPANY DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2024 AND 2023. THE COMPANY DOES NOT BELIEVE IT IS REASONABLY POSSIBLE THAT ITS UNRECOGNIZED TAX BENEFITS WOULD MATERIALLY CHANGE IN THE NEXT TWELVE MONTHS. SHOULD THEY BE INCURRED, THE COMPANY'S POLICY IS TO INCLUDE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS A COMPONENT OF GENERAL AND ADMINISTRATIVE EXPENSES. AS OF JUNE 30, 2024 AND 2023, THE COMPANY DID NOT RECORD ANY INTEREST OR PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS. ALL TAX YEARS FROM 2018 AND FORWARD ARE OPEN AND SUBJECT TO EXAMINATION. 0 0 0 0 0 0 0 0 0 ANTHONY PRATHER DIRECTOR 0 468929 0 0 0 45561 0 51131 0 24344 0 589965 0 0 CAMILLE MBROEKER DIRECTOR 0 296624 0 0 0 0 0 44469 0 24449 0 365542 0 0 ANNA KJENSEN TREASURER & DIRECTOR 0 210422 0 0 0 58216 0 25215 0 28259 0 322112 0 0 DONALD SLUKES PRESIDENT & DIRECTOR 0 270937 0 0 0 177 0 28017 0 18941 0 318072 0 0 TIMOTHY PBROWN DIRECTOR 0 149644 0 0 0 0 0 17521 0 20378 0 187543 0 0 KUTINA LENGLAND VICE-PRESIDENT & DIRECTOR 0 130304 0 0 0 0 0 15608 0 24498 0 170410 0 0 PART I, LINE 3 OLD CRESCENT INSURANCE COMPANY RELIED ON THE METHODS OF ESTABLISHING COMPENSATION USED BY INDIANA UNIVERSITY. POSITIONS AT INDIANA UNIVERSITY ARE ASSIGNED A CLASSIFICATION LEVEL AND PAY RANGE. A CANDIDATE'S SALARY IS DEPENDENT ON THEIR QUALIFICATIONS, THEIR JOB PERFORMANCE, AND THE CURRENT PAY OF EMPLOYEES IN SIMILAR JOBS AT INDIANA UNIVERSITY. EXTERNAL MARKET EVALUATIONS ARE ALSO DONE TO ENSURE THAT THE COMPENSATION ALIGNS WITH SIMILAR WORK IN THE LABOR MARKET, THE GEOGRAPHICAL LOCATION, AND TYPE OF EMPLOYER. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTS THE SERVICES OF ARTEX RISK SOLUTIONS, INC. TO PROVIDE SPECIALIZED INSURANCE MANAGEMENT SERVICES. MARY DESRANLEAU, SECRETARY AND DIRECTOR OF THE ORGANIZATION IS A SENIOR VICE PRESIDENT AT, AND COMPENSATED BY, ARTEX RISK SOLUTIONS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE SOLE MEMBER, WHICH IS INDIANA UNIVERSITY. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS ONE SOLE MEMBER, INDIANA UNIVERSITY, WHICH ELECTS THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FIRST PROVIDED TO THE ORGANIZATION'S PRESIDENT, WHO IS ALSO A DIRECTOR, FOR REVIEW. A COMPLETE COPY OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BODY FOR THEIR REVIEW BEFORE FILING THE FORM. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL, OFFICER, KEY EMPLOYEE AND MEMBER OF A COMMITTEE ANNUALLY SIGNS A STATEMENT AFFIRMING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. ANY BUSINESS CONFLICTS ARE DISCUSSED AT THE ANNUAL MEETING AND REFERENCED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 OLD CRESCENT INSURANCE COMPANY RELIED ON THE METHODS OF ESTABLISHING COMPENSATION USED BY INDIANA UNIVERSITY. NO COMPENSATION WAS PAID BY THIS ENTITY DURING THE YEAR. THEREFORE, THIS QUESTION HAS BEEN ANSWERED NO IN ACCORDANCE WITH THE INSTRUCTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. INDIANA UNIVERSITY 107 S INDIANA AVENUE BLOOMINGTON IN 474057000 356001673 EDUCATION IN 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0