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KEYSTONE INDEMNITY COMPANY LTD

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Public IRS 990 nonprofit record

KEYSTONE INDEMNITY COMPANY LTD

EIN 03-0371612 · Health Care (E190)

What they do

PROVIDE PROFESSIONAL MEDICAL LIABILITY INSURANCE and GENERAL LIABILITY INSURANCE for MASONICARE CORPORATION and ITS AFFILIATES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $67.70 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 2023The report may be old. Ask for a newer one.

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

They name their leaders7 people are listed in the latest report.

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

Money made simple

16.60%of revenue went to mission work67.7% of expenses · Program services
$24.52spent for every $100 of revenueRevenue covered expenses this year.
7.92%of revenue went to management and office costs32.3% of expenses
$64.64in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. 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 $58,740 for JON-PAUL VENOIT PRESIDENT (& CEO, ASSISTANT SECRETARY). 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 2023

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.

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$1,189,603
Mission workProgram services$197,47416.60% of revenue67.7% of expenses
ManagementOffice and general costs$94,1707.92% of revenue32.3% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$291,64424.52% of revenue

The uncolored part of the ring is revenue above these reported expenses.

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202367.7% mission
202267.9% mission
202189.1% mission
202090.0% mission
201981.4% mission
201879.2% mission
201694.2% mission
201597.2% mission

Money in and money out

Revenue$1,189,603
Expenses$291,644
Annual surplus $897,959 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)$197,474 · 67.7% of expenses
Management and office costs$94,170 · 32.3% of expenses
See all reported dollar amounts
Revenue$1,189,603
Expenses$291,644
Assets$18,850,867
Income$1,968,644
Mission work (program services)$197,474
Management and general$94,170
Stocks and bonds$12,537,151
Accounting fees$41,165
Investing fees$43,421
People

Leadership and board

Tax year 2023

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

People reported as paid

Person and titleCompensation
JON-PAUL VENOIT PRESIDENT& CEO, ASSISTANT SECRETARY · 1 hrs/week $58,740Base · Other $58,740
STEVEN D BEAULIEUCFO, ASSISTANT TREASURER · 1 hrs/week $44,115Base · Other $44,115

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 (7)

JON-PAUL VENOIT PRESIDENT& CEO, ASSISTANT SECRETARY

STEVEN D BEAULIEUCFO, ASSISTANT TREASURER

CHRISTOPHER J EARLEVICE CHAIR

NEWTON BUCKNERTREASURER

ROBERT F POLITO JRCHAIRMAN

ROBERT J FURCESECRETARY

SHERWIN M BORSUK MDDIRECTOR

About this charity

Recognized since
January 2002
Location
159 BANK STREET 4TH FLOOR, BURLINGTON, VT 05401
County
Chittenden
In care of
STEVEN D BEAULIEU
Primary officer
STEVEN D BEAULIEU, CFO

How to reach them

Filing and classification

Latest tax year
2023
Tax period began
October 1, 2023
Return type
990
Tax preparer
PKF OCONNOR DAVIES ADVISORY LLC
NTEE classification
Health Care (E190)
IRS tax category
Other Grantmaking and Giving Services

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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