Nonprofit · EIN 03-0210827
GRANITE GROUP INSURANCE TRUST
Tax-exempt · BARRE, VT 05641
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $14,815,823 | $15,394,374 | -$578,551 | $3,286,534 | $563,242 | $2,723,292 |
| October 31, 2024 | 990 | $16,993,156 | $15,166,210 | $1,826,946 | $3,457,786 | $360,013 | $3,097,773 |
| October 31, 2023 | 990 | $15,954,866 | $16,386,351 | -$431,485 | $1,119,179 | $13,991 | $1,105,188 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,779,471
- Investment income
- $36,352
- Net gain from sales of assets
- $22,447
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $15,087,794
- Compensation of officers, directors and key employees
- $88,357
- Other salaries and wages
- $65,445
- Salaries, compensation and benefits (total)
- $211,216
- Professional fundraising fees
- $0
- Legal fees
- $3,466
- Accounting fees
- $17,914
- Occupancy
- $29,874
- Travel
- $436
Balance sheet and other
- Total assets, start of year
- $3,457,786
- Total assets, end of year
- $3,286,534
- Total liabilities, end of year
- $563,242
- Net assets, end of year
- $2,723,292
- Publicly traded securities
- $2,030,088
- Net assets without donor restrictions
- $2,723,292
- Gross receipts
- $14,995,181
- Employees
- 18
- Volunteers
- 8
- Year formed
- 1947
- State of legal domicile
- VT
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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE HOULE | TREASURER Officer | 40 | $78,166 |
| MATTHEW PEAKE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| SARAH SOMERVILLE | CO-CHAIRMAN Trustee or director, Officer | 1 | $0 |
| RAYMOND BETTIS | TRUSTEE Trustee or director | 1 | $0 |
| RICK SAUER | TRUSTEE Trustee or director | 1 | $0 |
| BRAD ELLINGTON | TRUSTEE Trustee or director | 1 | $0 |
| PAIGE LAMTHI | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT POPE | TRUSTEE Trustee or director | 1 | $0 |
| JOHN BOULANGER | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended October 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE HOULE | TREASURER Officer | 40 | $74,685 |
| MATTHEW PEAKE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| SARAH SOMERVILLE | CO-CHAIRMAN Trustee or director, Officer | 1 | $0 |
| RAYMOND BETTIS | TRUSTEE Trustee or director | 1 | $0 |
| RICK SAUER | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM CLIFFORD | TRUSTEE Trustee or director | 1 | $0 |
| MARION LENGLET | TRUSTEE Trustee or director | 1 | $0 |
| PAIGE LAMTHI | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT POPE | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended October 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNE HOULE | TREASURER Officer | 40 | $81,474 |
| MATTHEW PEAKE | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| SARAH SOMERVILLE | CO-CHAIRMAN Trustee or director, Officer | 1 | $0 |
| RAYMOND BETTIS | TRUSTEE Trustee or director | 1 | $0 |
| RICK SAUER | TRUSTEE Trustee or director | 1 | $0 |
| WILLIAM CLIFFORD | TRUSTEE Trustee or director | 1 | $0 |
| MARION LENGLET | TRUSTEE Trustee or director | 1 | $0 |
| PAIGE LAMTHI | TRUSTEE Trustee or director | 1 | $0 |
| ROBERT POPE | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 345, BARRE, VT 05641-0345
- Principal officer (990 for 2024)
- ANNE HOULE, 105 NORTH MAIN STREET 302, BARRE, VT 05641
- Signed the 990
- ANNE HOULE, TREASURER
- Phone
- (802) 476-3291
- Return prepared by
- MCSOLEY MCCOY & CO
Mission
PROVIDES MEDICAL, DENTAL, VISION, LIFE, AND DISABILITY INSURANCE COVERAGES FOR MEMBER EMPLOYERS AND EMPLOYEES. WE ARE SIGNATURE TO A COLLECTIVE BARGAINING AGREEMENT. THE TRUST ALSO PROVIDES MEDICARE SUPPLEMENT PLAN COVERAGES FOR RETIRED MEMBERS.
Program accomplishments
- THE GRANITE GROUP INSURANCE TRUST'S MEDICAL COVERAGES ARE THE PRIMARY SOURCE OF REVENUE AND EXPENSES. WE ADMINISTER A MULTI-EMPLOYER GROUP PLAN WHICH IS GOVERNED BY UNIONIZED LABOR CONTRACTS.
- THE GRANITE GROUP INSURANCE TRUST'S LIFE INSURANCES, SHORT TERM AND LONG TERM DISABILITY BENEFITS ARE SECONDARY PROGRAMS OF OUR PROVIDED GROUP BENEFITS. THE MULTI-EMPLOYER GROUP IS GOVERNED BY UNIONIZED LABOR CONTRACTS.
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 October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0210827
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1978
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,286,534
- Income (IRS master file)
- $14,995,181
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $14,815,823 | $15,394,374 | $3,286,534 | XML |
| 990 | October 2024 | $16,993,156 | $15,166,210 | $3,457,786 | XML |
| 990 | October 2023 | $15,954,866 | $16,386,351 | $1,119,179 | XML |
| 990 | October 2022 | $14,319,099 | $14,265,402 | $1,468,905 | IRS |
| 990 | October 2021 | – | – | – | 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 03-0210827).
Questions about GRANITE GROUP INSURANCE TRUST
- What is the EIN of GRANITE GROUP INSURANCE TRUST?
- The employer identification number (EIN) of GRANITE GROUP INSURANCE TRUST is 03-0210827.
- Is GRANITE GROUP INSURANCE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1978.
- Are donations to GRANITE GROUP INSURANCE TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GRANITE GROUP INSURANCE TRUST 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 GRANITE GROUP INSURANCE TRUST due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRANITE GROUP INSURANCE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of GRANITE GROUP INSURANCE TRUST?
- The 990 for the year ended October 31, 2025 names ANNE HOULE.
- Who are the officers and directors of GRANITE GROUP INSURANCE TRUST?
- The 990 for the year ended October 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $78,166 (ANNE HOULE, TREASURER).
- How much revenue does GRANITE GROUP INSURANCE TRUST have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $14,815,823, expenses of $15,394,374 and total assets of $3,286,534 at year end.
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