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Nonprofiteer
← MYRTLE INDEMNITY INC

Form 990 for tax year 2024

Filed by MYRTLE INDEMNITY INC.

Totals

Total revenue
$964,780
Total expenses
$1,177,270
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$944,704
Investment income
$20,076
Other revenue
$0
Total assets, end of year
$1,259,302
Total liabilities, end of year
$998,254
Net assets or fund balances, end of year
$261,048
Program services expenses (Part IX)
$1,148,828
Management and general expenses
$28,442
Fundraising expenses
$0
Program service expenses (Part III)
$1,148,828

Program services were 97.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • William Schuch

    Chairperson

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related
  • Doug Malick

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Paul D'Addabbo

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Stephen Nims

    Board Member

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Marta Jones

    Treasurer

    Total calculated
    $343,547
    From this org
    $0
    From related orgs
    $290,982
    Other
    $52,565
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,810 related
    Bonus
    $0 + $65,986 related
    Other
    $0 + $23,186 related
    Deferred
    $0 + $8,513 related
    Nontaxable benefits
    $0 + $44,052 related
    Filer's total
    $0 + $343,547 related
  • Rebecca Sarvela

    Vice President

    Total calculated
    $288,424
    From this org
    $0
    From related orgs
    $265,229
    Other
    $23,195
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,062 related
    Bonus
    $0 + $58,691 related
    Other
    $0 + $23,476 related
    Deferred
    $0 + $7,485 related
    Nontaxable benefits
    $0 + $15,710 related
    Filer's total
    $0 + $288,424 related
  • Wendy Schrlau

    Secretary

    Total calculated
    $123,462
    From this org
    $0
    From related orgs
    $77,074
    Other
    $46,388
    Hours/week
    1 + 39 related
  • William Green

    President

    Total calculated
    $687,138
    From this org
    $0
    From related orgs
    $629,097
    Other
    $58,041
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $378,966 related
    Bonus
    $0 + $217,400 related
    Other
    $0 + $32,731 related
    Deferred
    $0 + $15,539 related
    Nontaxable benefits
    $0 + $42,502 related
    Filer's total
    $0 + $687,138 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 GROUP, INC., A RELATED ORGANIZATION. ON A BI-ANNUAL BASIS, THE COMPANY USES AN OUTSIDE CONSULTING FIRM FOR DETERMINING RELATED PARTY COMPENSATION OF TOP MANAGEMENT AS WELL AS FOR STAFF POSITIONS USING COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF DELIBERATION AND DECISION. THE ORGANIZATION INVOKES REBUTTABLE PRESUMPTION THAT TRANSACTIONS ARE NOT EXCESS BENEFIT TRANSACTIONS PER IRC 4958. RELATED PARTY COMPENSATION ARRANGEMENTS ARE APPROVED IN ADVANCE BY THE HR COMMITTEE WHICH IS COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENTS. THE HR COMMITTEE OBTAINS AND RELIES ON COMPARABILTY DATA PRIOR TO MAKING COMPENSATION ARRANGEMENTS AS WELL AS ADEUQATELY DOCUMENTS THE BASIS FOR DETERMINATIONS.

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 NONPROFIT AFFILIATES' MISSION · CT

    Directly controlled by NA

  • CW Resources Inc

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

    Directly controlled by CW Group Inc

  • RW SOLUTIONS INC

    501(c)(3) · JOB TRAINING FOR DISABLED PERSONS · CT

    Directly controlled by CW GROUP INC

  • 100-106 MAIN STREET HOLDING INC

    501(c)(3) · COMMERCIAL PROPERTY IN SUPPORT OF RW SOLUTIONS, INC. · 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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.1
Source object
202601349349307795

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