COLLEGE INSURANCE COMPANY Charity Report

Public IRS 990 nonprofit record

COLLEGE INSURANCE COMPANY

EIN 02-0630294 · Mutual & Membership Benefit (Y200)

What they do

COLLEGE PROVIDES VARIOUS INSURANCE COVERAGES to EDUCATIONAL & INSTITUTIONAL INSURANCE ADMINISTRATORS, INC. (EIIA), and ITS PARTICIPATING HIGHER EDUCATION INSTITUTIONS, THAT ARE FAITH INSPIRED.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $92.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders28 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

88.98%of revenue went to mission work92.5% of expenses · Program services

$96.15spent for every $100 of revenueRevenue covered expenses this year.

7.16%of revenue went to management and office costs7.5% of expenses

$2.52in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $147,167 for MR DAVID DIETZ (PRESIDENT/CHAIR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$36,291,433

Mission workProgram services$32,293,76888.98% of revenue92.5% of expenses

ManagementOffice and general costs$2,600,2677.16% of revenue7.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,397,3983.85% of revenueShown in gray on the chart

Total expenses$34,894,03596.15% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 92.5% mission · 7.5% management · 0.0% fundraisingTotal expenses: 96.15% of revenue

2023Expense mix: 88.7% mission · 11.3% management · 0.0% fundraisingTotal expenses: 102.10% of revenue

2022Expense mix: 88.7% mission · 11.3% management · 0.0% fundraisingTotal expenses: 108.31% of revenue

2021Expense mix: 87.6% mission · 12.4% management · 0.0% fundraisingTotal expenses: 89.72% of revenue

2020Expense mix: 89.3% mission · 10.7% management · 0.0% fundraisingTotal expenses: 99.42% of revenue

2019Expense mix: 89.4% mission · 10.6% management · 0.0% fundraisingTotal expenses: 99.51% of revenue

2018Expense mix: 87.8% mission · 12.2% management · 0.0% fundraisingTotal expenses: 86.72% of revenue

2017Expense mix: 86.2% mission · 13.8% management · 0.0% fundraisingTotal expenses: 77.74% of revenue

Money in and money out

Revenue$36,291,433

Expenses$34,894,035

Annual surplus $1,397,398 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$32,293,768 · 92.5% of expenses

Management and office costs$2,600,267 · 7.5% of expenses

See all reported dollar amounts

Revenue$36,291,433

Expenses$34,894,035

Assets$88,107,064

Income$49,027,765

Mission work (program services)$32,293,768

Management and general$2,600,267

Stocks and bonds$77,508,481

Accounting fees$55,883

Investing fees$147,991

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MR DAVID DIETZPRESIDENT/CHAIR · 2 hrs/week $147,167Base · Other $147,167

MR STEPHEN L GARWOODTREASURER/SECRETARY · 2 hrs/week $95,522Base · Other $95,522

MR DONALD J CENCULA JRASSISTANT TREASURER · 2 hrs/week $79,089Base · Other $79,089

MR GREGORY LOGANASSISTANT SECRETARY · 2 hrs/week $78,248Base · Other $78,248

MS MARY ELLEN MORIARTYVP/ASSISTANT SECRETARY · 2 hrs/week $77,460Base · Other $77,460

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (28)

MR DAVID DIETZPRESIDENT/CHAIR

MR STEPHEN L GARWOODTREASURER/SECRETARY

MR DONALD J CENCULA JRASSISTANT TREASURER

MR GREGORY LOGANASSISTANT SECRETARY

MS MARY ELLEN MORIARTYVP/ASSISTANT SECRETARY

MR JOHN FLYNNDIRECTOR

REV LAMONT WELLSDIRECTOR

MS WILDA SEYMOURDIRECTOR (TO MAR 24)

MS STEPHANIE HERSETH SANDLINDIRECTOR

MS ROCHELLE FORDDIRECTOR (TO JUL 24)

MS MEREDITH GREENDIRECTOR

MS KAREN WARDDIRECTOR

MS DEBORAH HALLDIRECTOR

MS BELINDA BURKEDIRECTOR

MR MICHAEL ZUCKERMANDIRECTOR

MR MICHAEL MAXEYDIRECTOR

MR KIRK ANDERSONDIRECTOR

DR HAROLD WILDEDIRECTOR

MR JEFFREY STRAITSDIRECTOR

MR JEFF ARNOLDDIRECTOR

MR GERALD LADNERDIRECTOR

MR DAVE PROVOSTDIRECTOR

MR CHRIS WOODDIRECTOR

DR WESLEY FUGATEDIRECTOR

DR TROY VANAKENDIRECTOR

DR SANDRA HARPERDIRECTOR

DR MARK BENEDETTODIRECTOR

DR JOHN COMERFORDDIRECTOR

About this charity

Recognized since: January 2006
Location: 463 MOUNTAIN VIEW DR STE 301, COLCHESTER, VT 05446-5952
County: Chittenden
In care of: STEPHEN L GARWOOD
Primary officer: STEPHEN L GARWOOD, TREASURER

How to reach them

Phone(802) 864-5599 Officer phone(312) 648-0914

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: JOHNSON LAMBERT LLP
NTEE classification: Mutual & Membership Benefit (Y200)
IRS tax category: Direct Life Insurance Carriers