LAKE CITY INSURANCE COMPANY LTD

Address
PO BOX 3443
ROAD TOWN, TORTOLA 00000-0000
VI
Contact
Phone: +1 (284) 494-5800
Nonprofit
NTEE: Y20 - Insurance Providers, Services
EIN: 98-0213688

Mission

INSURANCE SERVICES, OTHER THAN LIFE, EXEMPT UNDER IRC 501(C)(15).
 201120102009
Basic features of the organization
Year of formation2000
Subsection code15
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $0.00 
Sum of reportable (W2/1099) compensation$0.00$0.00 
Number of employees00 
Number of people compensated >$100k00 
Number of volunteers22 
Personnel
Hutchison, Heath
TitleDIRECTORDIRECTOR 
Name of key/compensated personHEATH HUTCHISONHeath Hutchison 
Position of compensated person
Current individual trustee or directorTrueTrue 
Average hours per week working for org1.001.0 
Reportable compensation from org$0.00$0.00 
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00 
Bonus and incentive reportable compensation$0.00$0.00 
Other reportable compensation from org$0.00$0.00 
Retirement and other deferred compensation$0.00$0.00 
Nontaxable benefits from org$0.00$0.00 
Compensation from org previously reported as deferred$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Sum of all compensation from org$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $354,863.00$160,251.00 
Hutchison, Shover
TitleDIRECTORDIRECTOR 
Name of key/compensated personSHOVER HUTCHISONShover Hutchison 
Position of compensated person
Current individual trustee or directorTrueTrue 
Average hours per week working for org1.001.0 
Reportable compensation from org$0.00$0.00 
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00 
Bonus and incentive reportable compensation$0.00$0.00 
Other reportable compensation from org$0.00$0.00 
Retirement and other deferred compensation$0.00$0.00 
Nontaxable benefits from org$0.00$0.00 
Compensation from org previously reported as deferred$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Sum of all compensation from org$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $355,189.00$160,615.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesINSURANCE SERVICES, OTHER THAN LIFE, EXEMPT UNDER IRC 501(C)(15).INSURANCE SERVICES, OTHER THAN LIFE, EXEMPT UNDER IRC 501(C)(15). 
Programs, including revenue & expenses
INSURANCE SERVICES, OTHER THAN LIFE, EXEMPT UNDER IRC 501(C)(15).
Program descriptionINSURANCE SERVICES, OTHER THAN LIFE, EXEMPT UNDER IRC 501(C)(15).INSURANCE SERVICES, OTHER THAN LIFE, EXEMPT UNDER IRC 501(C)(15). 
Financial data
Revenue
Total revenue$467,157.00$279,239.00 
Revenue from contributions (total)$0.00$0.00$0.00
Investment income, current yr$108,365.00$82,570.00 
Total revenue from grants, etc., current yr$0.00$0.00 
Total unrelated business revenue$0.00$0.00 
Other revenue, current yr$0.00$0.00 
Net unrelated business taxable revenue$0.00  
Program service revenue (total)$358,792.00$196,669.00$324,880.00
Other types of revenue
Royalties (total) $0.00 
Miscellaneous revenue (total) $0.00 
Net revenue from gaming (total) $0.00 
Investment income$101,968.00$84,191.00 
Net rental income$0.00$0.00$0.00
Net income from fundraising events $0.00 
Net inventory sales (total) $0.00 
Expense categories (totals)
Total functional expenses: sum of all$157,832.00$161,079.00 
Fees for services
Lobbying fees (total) $0.00 
Legal fees (total) $0.00 
Fundraising service fees (total)$0.00$0.00 
General management fees (total) $0.00 
Investment management fees (total) $0.00 
Assets and liabilities
Total assets$3,315,080.00$2,968,665.00$2,688,193.00
Total assets, beginning of year$2,968,665.00$2,688,193.00 
Total liabilities$476,396.00$435,775.00$282,721.00
Total liabilities, beginning of year$435,775.00$282,721.00 
Net assets$2,838,684.00$2,532,890.00 
Net assets, beginning of year$2,532,890.00$2,405,472.00 
Other liabilities$434,496.00$424,875.00 
Other assets$25,534.00$0.00 
Investments: other securities$102,376.00  
Investments: publicly traded securities $103,579.00 
Cash: non-interest bearing$751,991.00$736,572.00 
Cash: non-interest bearing, beginning of year$736,572.00$731,792.00 
Other financial variables
Revenue less expenses$309,325.00$118,160.00 
Advertising (total) $0.00 
Accounts receivable, net$359,385.00$364,151.00 
Prepaid expenses & deferred charges$42,985.00$12,600.00 
Accounts payable & accrued expenses$41,900.00$10,900.00 
Total net assets or fund balances$2,838,684.00$2,532,890.00 
Depreciation, depletion, amortization $0.00 
Payment to affiliates $0.00 
Governance and accountability
Number of voting members22 
Number of independent voting members00 
Financial sheets were auditedTrueTrue 
Relationships among key personnelTrueTrue 
Accrual accountingTrueTrue 
Tax year start date2011-01-012010-01-01 
Tax year end date2011-12-012010-12-012009-12-01
Indicators for schedules (selected)
Business transaction with entity ownerTrue  
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990 
IRS schema version2011v1.22010v3.2 
Filing identifier201212269349301516201102009349300310 
Use these data in your project Benchmark this organization against its peers