LAKE CITY INSURANCE COMPANY LTD

Address
PO BOX 3443
ROAD TOWN, TORTOLA 00000-0000
VI
Contact
Phone: +1 (284) 494-5800
Nonprofit
EIN: 98-0213688
Year formed: 2000

Mission

INSURANCE SERVICES, OTHER THAN LIFE, EXEMPT UNDER IRC 501(C)(15).
 201120102009
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 
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 
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 
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 
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 & expense
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, current year$467,157.00$279,239.00 
Program service revenue, current year$358,792.00$196,669.00 
Investment income, current year$108,365.00$82,570.00 
Total revenue from grants, etc., current year$0.00$0.00 
Total unrelated business revenue$0.00$0.00 
Other revenue, current year$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 expenses, current year$157,832.00$161,079.00$153,791.00
Fees for services
Lobbying fees (total) $0.00 
Total functional expenses: legal fees $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, end of year$3,315,080.00$2,968,665.00 
Total assets, beginning of current year$2,968,665.00$2,688,193.00 
Total liabilities, end of year$476,396.00$435,775.00$282,721.00
Total liabilities, beginning of year$435,775.00$282,721.00 
Net assets, end of year$2,838,684.00$2,532,890.00 
Net assets, beginning of current 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, end of year$751,991.00$736,572.00 
Cash: non-interest bearing, beginning of year$736,572.00$731,792.00 
Gross receipts$517,695.00$330,043.00 
Revenue less expenses, current year$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, end of year$2,838,684.00$2,532,890.00 
Depreciation, depletion, amortization $0.00 
Payment to affiliates $0.00 
Governance and accountability
Relationships among key personnelTrueTrue 
Number of voting members22 
Number of independent voting members00 
Accrual accountingTrueTrue 
Financial sheets were auditedTrueTrue 
Tax year start date2011-01-012010-01-01 
Tax year end date2011-12-012010-12-012009-12-01
Checklist of schedules (selected)
True  
Metadata about the filing
Return type: 990, 990EZ, or 990PF990990 
IRS schema version2011v1.22010v3.2 
Filing identifier201212269349301516201102009349300310 
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