Nonprofit · EIN 46-1828839
FIAT LUX RISK AND INSURANCE COMPANY
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $842,304,486 | $705,421,567 | $136,882,919 | $2,565,268,796 | $1,694,490,311 | $870,778,485 |
| June 30, 2024 | 990 | $621,291,221 | $642,776,906 | -$21,485,685 | $2,017,964,465 | $1,454,971,447 | $562,993,018 |
| June 30, 2023 | 990 | $538,359,834 | $386,766,449 | $151,593,385 | $1,796,549,488 | $1,330,899,601 | $465,649,887 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $795,623,311
- Investment income
- $46,681,175
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $65,363
- Accounting fees
- $385,045
- Travel
- $193,980
- Program services (functional)
- $704,033,830
- Management and general (functional)
- $1,387,737
Balance sheet and other
- Total assets, start of year
- $2,017,964,465
- Total assets, end of year
- $2,565,268,796
- Total liabilities, end of year
- $1,694,490,311
- Net assets, end of year
- $870,778,485
- Gross unrelated business income
- $411,295
- Gross receipts
- $842,304,486
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2012
- State of legal domicile
- DC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL DRAKE | DIRECTOR Trustee or director | 1 | $0 | $1,269,259 | $71,399 |
| NATHAN BROSTROM | Director/Chair/CFO Trustee or director, Officer | 3 | $0 | $589,974 | $104,614 |
| RACHAEL NAVA | Director Trustee or director | 4 | $0 | $508,198 | $110,151 |
| Michael Beck | Director Trustee or director | 4 | $0 | $488,303 | $113,311 |
| KEVIN A CONFETTI | Director/President Trustee or director, Officer | 4 | $0 | $340,423 | $74,760 |
| NORMAN L HAMILL | Director/SECRETARY Trustee or director, Officer | 2 | $0 | $310,061 | $64,820 |
| CHRIS C HARRINGTON | ASST. SECRETARY Officer | 2 | $0 | $300,857 | $48,266 |
| Peter Taylor | Director Trustee or director | 1 | $0 | $0 | $0 |
| RON CORTEZ | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL DRAKE | DIRECTOR Trustee or director | 1 | $0 | $983,546 | $75,019 |
| NATHAN BROSTROM | Director/Chair/CFO Trustee or director, Officer | 3 | $0 | $542,701 | $105,249 |
| RACHAEL NAVA | Director Trustee or director | 4 | $0 | $467,915 | $101,552 |
| KEVIN A CONFETTI | President Trustee or director, Officer | 4 | $0 | $318,028 | $38,966 |
| Michael Beck | Director Trustee or director | 4 | $0 | $237,051 | $116,601 |
| NORMAN L HAMILL | Director/SECRETARY Trustee or director, Officer | 2 | $0 | $289,191 | $51,309 |
| CHRIS C HARRINGTON | ASST. SECRETARY Officer | 2 | $0 | $286,900 | $47,134 |
| Jarid Beck | DIRECTOR (Until 10/05/23) Trustee or director | 1 | $0 | $0 | $0 |
| Peter Taylor | Director (Began 06/20/24) Trustee or director | 1 | $0 | $0 | $0 |
| RON CORTEZ | Director Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL DRAKE | DIRECTOR Trustee or director | 1 | $0 | $943,384 | $90,133 |
| CHARLES F ROBINSON | Director/SECRETARY (Until 9/15/22) Trustee or director, Officer | 2 | $0 | $513,964 | $120,824 |
| NATHAN BROSTROM | Director/Chair/CFO Trustee or director, Officer | 3 | $0 | $477,600 | $103,247 |
| RACHAEL NAVA | Director Trustee or director | 4 | $0 | $414,276 | $87,121 |
| KEVIN A CONFETTI | President Trustee or director, Officer | 4 | $0 | $277,657 | $84,235 |
| NORMAN L HAMILL | Director/ASST. SECRETARY Trustee or director, Officer | 2 | $0 | $293,478 | $64,600 |
| ERIN GORE | Director (UNTIL 10/01/22) Trustee or director | 1 | $0 | $0 | $0 |
| Jarid Beck | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Michael Beck | Director Trustee or director | 4 | $0 | $0 | $0 |
| RON CORTEZ | Director Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS C HARRINGTON | ASST. SECRETARY Officer | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1608 RHODE ISLAND AVE NW, WASHINGTON, DC 20036-3206
- In care of
- % ASHLEY LAMELL
- Principal officer (990 for 2024)
- Kevin Confetti, 1608 Rhode Island Ave NW, Washington, DC 20036
- Signed the 990
- Kevin Confetti, President
- Phone
- (510) 987-9289
- Return prepared by
- CROWE LLP
Mission
THE ORGANIZATION'S PRIMARY MISSION IS TO OPERATE FOR THE BENEFIT OF AND TO PROMOTE AND SUPPORT, DIRECTLY OR INDIRECTLY, THE INTERESTS AND PURPOSES OF THE REGENTS OF THE UNIVERSITY OF CALIFORNIA.
Program accomplishments
- The purpose of Fiat Lux is to finance the University of California's self insured retentions, to purchase reinsurance directly, and to issue to the University of California's certain bespoke insurance policies. IN FURTHERANCE OF THIS PURPOSE, THE ORGANIZATION PROVIDES: (A) IMPROVED RISK MANAGEMENT PRICING PREDICTABILITY AND COST STABILITY; (B) ENHANCED RISK MANAGEMENT, AND PROTECTION AND COVERAGE OF LESS TRADITIONAL RISKS AND ESOTERIC RISKS; (C) A FOUNDATION FOR DEVELOPMENT AND IMPLEMENTATION WITHIN THE REGENTS OF MORE FORMALIZED RISK FINANCING POLICIES AND PROCEDURES; AND (D) INSURANCE COVERAGE FOR EXTERNAL THIRD PARTIES, INCLUDING BUT NOT LIMITED TO, AGENTS, AFFILIATES, ASSOCIATIONS, JOINT VENTURES, AND PARTNERSHIPS OF OR IN WHICH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA PARTICIPATES OR OWNS AN INTEREST PROVIDED THAT SUCH THIRD PARTY COVERAGE IS NO MORE THAN AN INSUBSTANTIAL PORTION OF THE ORGANIZATION'S OVERALL ACTIVITIES. To date and in total the organization provides over 40 different coverages and risk financing arrangements to the University of California.Expenses $704,033,830 · revenue $795,623,311
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-1828839
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y20)
- Assets (IRS master file)
- $2,565,268,796
- Income (IRS master file)
- $842,304,486
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $842,304,486 | $705,421,567 | $2,565,268,796 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $621,291,221 | $642,776,906 | $2,017,964,465 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $538,359,834 | $386,766,449 | $1,796,549,488 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $917,692,875 | $887,029,207 | $2,175,669,791 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 46-1828839).
Questions about FIAT LUX RISK AND INSURANCE COMPANY
- What is the EIN of FIAT LUX RISK AND INSURANCE COMPANY?
- The employer identification number (EIN) of FIAT LUX RISK AND INSURANCE COMPANY is 46-1828839.
- Is FIAT LUX RISK AND INSURANCE COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to FIAT LUX RISK AND INSURANCE COMPANY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FIAT LUX RISK AND INSURANCE COMPANY 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 FIAT LUX RISK AND INSURANCE COMPANY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIAT LUX RISK AND INSURANCE COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FIAT LUX RISK AND INSURANCE COMPANY?
- The 990 for the year ended June 30, 2025 names Kevin Confetti.
- Who are the officers and directors of FIAT LUX RISK AND INSURANCE COMPANY?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does FIAT LUX RISK AND INSURANCE COMPANY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $842,304,486, expenses of $705,421,567 and total assets of $2,565,268,796 at year end.
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