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Nonprofiteer
← MYRTLE INDEMNITY INC

Form 990 for tax year 2023

Filed by MYRTLE INDEMNITY INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 15 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$388,228 changed to $900,246
Total expenses
$375,669 changed to $889,680
Program service revenue
$388,214 changed to $892,503
Investment income
$14 changed to $7,743
Total assets, end of year
$1,210,376 changed to $1,249,000
Total liabilities, end of year
$947,817 changed to $975,875
Net assets or fund balances, end of year
$262,559 changed to $273,125
Program services expenses
$362,653 changed to $862,519
Management and general expenses
$13,016 changed to $27,161
Program service expenses (Part III)
$362,653 changed to $862,519

Totals

Total revenue
$388,228
Total expenses
$375,669
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$388,214
Investment income
$14
Other revenue
$0
Total assets, end of year
$1,210,376
Total liabilities, end of year
$947,817
Net assets or fund balances, end of year
$262,559
Program services expenses (Part IX)
$362,653
Management and general expenses
$13,016
Fundraising expenses
$0
Program service expenses (Part III)
$362,653

Program services were 96.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EARNED PREMIUMS

    total $388,214 · related or exempt $388,214

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $14 · excluded $14

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $3,016 · management and general $3,016

  • 11g · Fees: other

    total $25,404 · program services $15,404 · management and general $10,000 · fundraising $0

  • 24a · Other expenses: STATE LICENSE FEE

    total $9,500 · program services $9,500

  • 24b · Other expenses: BAD DEBT/LOSS RESERVE

    total $337,749 · program services $337,749

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $330,014

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $446,431

  • 4 · Accounts receivable

    beginning of year $0 · end of year $396,431

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $37,500

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $342,996

  • 19 · Deferred revenue

    beginning of year $0 · end of year $394,648

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $210,173

  • 29 · Capital stock, trust principal or current funds

    end of year $250,000

  • 31 · Retained earnings, endowment or other funds

    end of year $12,559

Mission and programs · 2023

Mission

To support the charitable purposes of the parent company and exempt affiliates.

  • To provide insurance and/or claims defense and administration to the parent and exempt affiliates.

    Expenses $362,653 · Revenue $388,214

As filed on the 2023 return.

Listed in Part VII

  • Doug Malick

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Paul D'Addabbo

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • William Schuch

    Chairperson

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Marta Jones

    Treasurer

    Total calculated
    $311,372
    From this org
    $0
    From related orgs
    $265,646
    Other
    $45,726
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $185,852 related
    Bonus
    $0 + $59,183 related
    Other
    $0 + $20,611 related
    Deferred
    $0 + $7,748 related
    Nontaxable benefits
    $0 + $37,978 related
    Filer's total
    $0 + $311,372 related

  • Rebecca Sarvela

    Vice President

    Total calculated
    $243,720
    From this org
    $0
    From related orgs
    $222,951
    Other
    $20,769
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,401 related
    Bonus
    $0 + $43,795 related
    Other
    $0 + $20,755 related
    Deferred
    $0 + $6,471 related
    Nontaxable benefits
    $0 + $14,298 related
    Filer's total
    $0 + $243,720 related

  • Wendy Schrlau

    Secretary

    Total calculated
    $113,541
    From this org
    $0
    From related orgs
    $81,988
    Other
    $31,553
    Hours/week
    1 + 39 related

  • William Green

    President

    Total calculated
    $509,250
    From this org
    $0
    From related orgs
    $458,436
    Other
    $50,814
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,217 related
    Bonus
    $0 + $137,243 related
    Other
    $0 + $20,976 related
    Deferred
    $0 + $12,036 related
    Nontaxable benefits
    $0 + $38,778 related
    Filer's total
    $0 + $509,250 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 COMPENSATION PAID BY RELATED ORGANIZATION
THE PRESIDENT IS COMPENSATED BY CW RESOURCES, INC., A RELATED ORGANIZATION. CW RESOURCES, INC. USES A COMPENSATION COMMITTEE, COMPENSATION CONSULTANT, COMPENSATION STUDY AND FORM 990 OF OTHER ORGANIZATIONS TO DETERMINE HIS COMPENSATION. THE COMPENSATION IS ALSO APPROVED BY THE HR COMMITTEE OF THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CW Group Inc

    501(c)(3) · Support CW Resources, Inc. · CT

    Directly controlled by NA

  • CW Resources Inc

    501(c)(3) · Job training for disabled persons. · CT

    Directly controlled by CW Group Inc

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CW Enterprises Inc

    C Corporation · Contract Services · CT

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202431359349305658

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