Vmc Indemnity Company Inc

Organization Overview

Vmc Indemnity Company Inc is located in Burlington, VT. The organization was established in 2019. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vmc Indemnity Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SELF-INSURANCE OF PROFESSIONAL LIABILITY AND GENERAL LIABILITY RISKS EXCLUSIVE FOR UVMHN INC., ITS TAX-EXEMPT SUBSIDIARIES, AND THEIR EMPLOYED INDIVIDUALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VMC INDEMNITY COMPANY INC. ("VMCIC") PROVIDES ESSENTIAL INSURANCE COVERAGE EXCLUSIVELY TO THE UNIVERSITY OF VERMONT HEALTH NETWORK ("UVMHN"), A SECTION 501(C)(3) ORGANIZATION, AND ITS CONTROLLED TAX-EXEMPT AFFILIATES, ALL PURSUANT TO THE VERMONT CAPTIVE INSURANCE COMPANY STATUTE (8 V.S.A. SECTIONS 6001-6003). VMCIC FACILITATES SELF INSURANCE OF PROFESSIONAL LIABILITY AND GENERAL LIABILITY RISKS FOR ORGANIZATIONS AND EMPLOYED PROFESSIONALS WITHIN UVMHN AND PROVIDES STOP LOSS COVERAGE FOR CLAIMS EXCEEDING THE UVMHN SELF-INSURED EMPLOYEE BENEFIT PLAN.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$7,533,447
Investment income $7,011,986
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,545,433

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