Nonprofit · EIN 22-2744474
VERMONT CAPTIVE INSURANCE ASSOCIATION
Tax-exempt · S BURLINGTON, VT 05403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,186,023 | $2,112,138 | $73,885 | $1,692,476 | $434,105 | $1,258,371 |
| December 31, 2024 | 990 | $2,085,010 | $1,956,076 | $128,934 | $1,507,670 | $457,843 | $1,049,827 |
| December 31, 2023 | 990 | $2,131,604 | $1,914,780 | $216,824 | $1,339,501 | $519,021 | $820,480 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,131,989
- Investment income
- $51,224
- Net gain from sales of assets
- $11,622
- Other revenue
- $2,810
Expenses
- Grants and similar amounts paid
- $1,000
- Compensation of officers, directors and key employees
- $502,514
- Other salaries and wages
- $444,473
- Salaries, compensation and benefits (total)
- $1,108,533
- Professional fundraising fees
- $0
- Legal fees
- $95,236
- Accounting fees
- $39,996
- Occupancy
- $4,344
- Travel
- $69,724
- Depreciation
- $22,939
Balance sheet and other
- Total assets, start of year
- $1,507,670
- Total assets, end of year
- $1,692,476
- Total liabilities, end of year
- $434,105
- Net assets, end of year
- $1,258,371
- Land, buildings and equipment
- $42,346
- Publicly traded securities
- $1,343,693
- Net assets without donor restrictions
- $1,258,371
- Gross receipts
- $2,240,402
- Employees
- 11
- Volunteers
- 130
- Year formed
- 1986
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN MEAD | PRESIDENT (TO SEP '25) Officer | 40 | $164,681 | $22,295 |
| ANGELA ARMOUR | DIR, MEMBERSHIP & SALES Highest-paid employee | 40 | $107,750 | $24,930 |
| JOCELYN LAMB | SR DIR, FINANCE; ASST TREASURER Officer | 40 | $101,069 | $24,959 |
| NICOLE NIKKI FITZCHARLES | MGR OF EVENTS, ASST SECRETARY Officer | 40 | $77,167 | $23,305 |
| IAN DAVIS | PRESIDENT (BEGAN ROLE AUG '25) Officer | 40 | $78,994 | $10,044 |
| GAIL NEWMAN | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JULIE BORDO | VICE BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| AARON CIULLO | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JASON PALMER | TREASURER (TO SEP '25) Trustee or director, Officer | 2 | $0 | $0 |
| MELINDA YOUNG | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JOE CARTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RYAN GADAPEE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| A TRACY HASSETT | DIRECTOR (TO SEP '25) Trustee or director | 2 | $0 | $0 |
| CAMERON MACARTHUR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRENDA STEWART | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN MEAD | PRESIDENT Officer | 40 | $185,236 | $24,609 |
| ANGELA ARMOUR | DIR, MEMBERSHIP & SALES Highest-paid employee | 40 | $105,216 | $21,578 |
| JOCELYN LAMB | SR DIR, FINANCE; ASST TREASURER Officer | 40 | $102,619 | $21,475 |
| NICOLE NIKKI FITZCHARLES | ASSISTANT SECRETARY Officer | 40 | $47,667 | $11,581 |
| GAIL NEWMAN | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JOE CARTER | VICE BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ANDREW BAILLIE | TREASURER (TO SEP '24) Trustee or director, Officer | 2 | $0 | $0 |
| JASON PALMER | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MELINDA YOUNG | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JULIE BORDO | DIRECTOR (FROM OCT '24) Trustee or director | 2 | $0 | $0 |
| AARON CIULLO | DIRECTOR (FROM OCT '24) Trustee or director | 2 | $0 | $0 |
| LAWRENCE COOK | DIRECTOR (TO SEP '24) Trustee or director | 2 | $0 | $0 |
| IAN DAVIS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RYAN GADAPEE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| A TRACY HASSETT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CAMERON MACARTHUR | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRENDA STEWART | DIRECTOR (FROM OCT '24) Trustee or director | 2 | $0 | $0 |
| DERICK WHITE | DIRECTOR (TO SEP '24) Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN MEAD | PRESIDENT Officer | 40 | $195,333 | $20,036 |
| JANICE VALGOI | DIR, MEMBERSHIP & SALES Highest-paid employee | 40 | $133,020 | $18,106 |
| DIANE LEACH | DIR, EDU & PROG PLANNING Highest-paid employee | 40 | $128,553 | $4,902 |
| MARGARET COMPANION | DIR, FINANCE Highest-paid employee | 40 | $128,184 | $4,726 |
| A TRACY HASSETT | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| JASON PALMER | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ANDREW BAILLIE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DENNIS SILVIA | TREASURER (TO SEP '23) Trustee or director, Officer | 2 | $0 | $0 |
| GAIL NEWMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JOE CARTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LAWRENCE COOK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| IAN DAVIS | DIRECTOR (FROM OCT '23) Trustee or director | 2 | $0 | $0 |
| RYAN GADAPEE | DIRECTOR (FROM OCT '23) Trustee or director | 2 | $0 | $0 |
| CAMERON MACARTHUR | DIRECTOR (FROM OCT '23) Trustee or director | 2 | $0 | $0 |
| STEPANIE MAPES | DIRECTOR (TO MAY '23) Trustee or director | 2 | $0 | $0 |
| ANNE MARIE TOWLE | DIRECTOR (TO SEP '23) Trustee or director | 2 | $0 | $0 |
| DERICK WHITE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MELINDA YOUNG | DIRECTOR (FROM OCT '23) Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 150 DORSET ST STE 245 PMB 329, S BURLINGTON, VT 05403-6238
- Principal officer (990 for 2025)
- IAN DAVIS, 150 DORSET ST STE 245 PMB 329, SOUTH BURLINGTON, VT 05403
- Signed the 990
- IAN DAVIS, PRESIDENT
- Phone
- (802) 658-8242
- Website
- WWW.VCIA.COM
- Return prepared by
- JOHNSON LAMBERT LLP
Mission
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.
Program accomplishments
- VCIA HELD ITS 40TH ANNUAL CONFERENCE FEATURING APPROXIMATELY 30 SESSIONS AND FORUMS WHERE MEMBERS AND NON-MEMBERS NETWORK AND HAVE THE ABILITY TO EARN CPE/CLE CREDITS.
- VCIA HELD TWO EDUCATIONAL WEBINARS, AND ONE REGIONAL ROAD SHOW. MEMBERS AND NON-MEMBERS ARE ABLE TO EARN CPE/CLE CREDIT FOR THE EDUCATIONAL WEBINARS. THE ROAD SHOW SERVES TO EDUCATE PEOPLE ABOUT VERMONT'S CAPTIVE INSURANCE INDUSTRY.
- VCIA CONDUCTS LEGISLATIVE AND LOBBYING ACTIVITIES THOUGHOUT THE YEAR ON BOTH THE STATE AND FEDERAL LEVELS. 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.
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 | 990 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
- 22-2744474
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y00C)
- Assets (IRS master file)
- $1,692,476
- Income (IRS master file)
- $2,240,402
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,186,023 | $2,112,138 | $1,692,476 | XML |
| 990 | December 2024 | $2,085,010 | $1,956,076 | $1,507,670 | XML |
| 990 | December 2023 | $2,131,604 | $1,914,780 | $1,339,501 | XML |
| 990 | December 2022 | $1,673,963 | $1,671,783 | $1,105,591 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 22-2744474).
Questions about VERMONT CAPTIVE INSURANCE ASSOCIATION
- What is the EIN of VERMONT CAPTIVE INSURANCE ASSOCIATION?
- The employer identification number (EIN) of VERMONT CAPTIVE INSURANCE ASSOCIATION is 22-2744474.
- Is VERMONT CAPTIVE INSURANCE ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
- Are donations to VERMONT CAPTIVE INSURANCE ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VERMONT CAPTIVE INSURANCE 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 CAPTIVE INSURANCE ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERMONT CAPTIVE INSURANCE ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VERMONT CAPTIVE INSURANCE ASSOCIATION?
- The 990 for the year ended December 31, 2025 names IAN DAVIS.
- Who are the officers and directors of VERMONT CAPTIVE INSURANCE ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 15 people; 5 received compensation from the organization, the highest $164,681 (KEVIN MEAD, PRESIDENT (TO SEP '25)).
- How much revenue does VERMONT CAPTIVE INSURANCE ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,186,023, expenses of $2,112,138 and total assets of $1,692,476 at year end.
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