Nonprofit · EIN 87-2580182
TCIG INC
Tax-exempt · BURLINGTON, VT 05401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,053,884 | $468,746 | $585,138 | $4,224,399 | $1,539,597 | $2,684,802 |
| December 31, 2023 | 990 | $1,137,128 | $521,228 | $615,900 | $3,599,371 | $1,499,707 | $2,099,664 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,053,884
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $29,165
- Program services (functional)
- $417,742
- Management and general (functional)
- $51,004
Balance sheet and other
- Total assets, start of year
- $3,599,371
- Total assets, end of year
- $4,224,399
- Total liabilities, end of year
- $1,539,597
- Net assets, end of year
- $2,684,802
- Net assets without donor restrictions
- $2,684,802
- Gross receipts
- $1,053,884
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2021
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PATRICIA GATHERS | DIRECTOR/PRESIDENT Trustee or director, Officer | 1 | $0 | $740,588 | $57,580 |
| KAREN REICH | DIRECTOR, TREASURER AND SECRETARY Trustee or director, Officer | 1 | $0 | $585,760 | $33,106 |
| REBECCA HALE | VT RESIDENT DIRECTOR, ASS. SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MOTHER MARY ROSE HEERY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PATRICIA GATHERS | DIRECTOR/PRESIDENT Trustee or director, Officer | 1 | $0 | $712,713 | $48,935 |
| KAREN REICH | DIRECTOR, TREASURER AND SECRETARY (BEG JULY 2023) Trustee or director, Officer | 1 | $0 | $583,671 | $47,870 |
| LEAH KILLIAN-SMITH | DIRECTOR, TREASURER AND SECRETARY(UNTIL JULY 2023) Trustee or director, Officer | 1 | $0 | $157,007 | $6,105 |
| REBECCA HALE | VT RESIDENT DIRECTOR, ASSISTANT SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MOTHER MARY ROSE HEERY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 159 BANK STREET FOURTH FLOOR, BURLINGTON, VT 05401-4479
- In care of
- % REBECCA HALE
- Principal officer (990 for 2024)
- PATRICIA GATHERS, 159 BANK STREET FOURTH FLOOR, BURLINGTON, VT 05401
- Signed the 990
- PATRICIA GATHERS, PRESIDENT
- Phone
- (802) 393-3401
- Website
- WWW.CARMELITESYSTEM.ORG
- Return prepared by
- CROWE LLP
Mission
THE ORGANIZATION WAS FORMED AS AN ONSHORE CAPTIVE INSURANCE COMPANY TO INSURE THE RISKS OF THE CARMELITE SYSTEM.
Program accomplishments
- TCIG, INC. EXISTS FOR THE PURPOSE OF ENGAGING IN THE BUSINESS OF INSURING AND REINSURING VARIOUS TYPES OF RISK SOLELY IN SUPPORT OF THE CARMELITE SYSTEM, INC. (THE "SYSTEM"), INCLUDING RISKS OF THE SYSTEM AFFILIATES. TCIG, INC. SUPPORTS THE SYSTEM IN CONDUCTING ITS SYSTEMWIDE FINANCIAL AND RISK MANAGEMENT OVERSIGHT ACTIVITIES - SPECIFICALLY, BY INSURING AND REINSURING VARIOUS TYPES OF RISK OTHERWISE SELF-INSURED BY THE SYSTEM OR THE SYSTEM AFFILIATES.THE SYSTEM IS A NOT-FOR-PROFIT HEALTH SYSTEM THAT IS COMMITTED TO PERPETUATING AND STRENGTHENING THE CATHOLIC LONG-TERM HEALTH MINISTRY, RESPECTING AND BUILDING UPON THE MISSION, PHILOSOPHY AND VALUES OF THE CARMELITE SISTERS. CURRENTLY, THERE ARE 18 AFFILIATES OF THE SYSTEM THAT OPERATE SKILLED NURSING, ASSISTED LIVING, AND INDEPENDENT LIVING FACILITIES IN THE STATES OF FLORIDA, MASSACHUSETTS, OHIO, NEW YORK, ILLINOIS, IOWA, AND KENTUCKY.Expenses $417,742 · revenue $1,053,884
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
- 87-2580182
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E99)
- Assets (IRS master file)
- $4,224,399
- Income (IRS master file)
- $1,053,884
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,053,884 | $468,746 | $4,224,399 | IRS |
| 990 | December 2023 | $1,137,128 | $521,228 | $3,599,371 | XML |
| 990 | December 2022 | $1,148,655 | $138,916 | $2,958,345 | IRS |
| 990 | December 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 87-2580182).
Questions about TCIG INC
- What is the EIN of TCIG INC?
- The employer identification number (EIN) of TCIG INC is 87-2580182.
- Is TCIG INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to TCIG INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does TCIG INC 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 TCIG INC 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 TCIG INC 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 TCIG INC?
- The 990 for the year ended December 31, 2024 names PATRICIA GATHERS.
- Who are the officers and directors of TCIG INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does TCIG INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,053,884, expenses of $468,746 and total assets of $4,224,399 at year end.
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