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TENNESSEE CAPTIVE INSURANCE ASSOCIATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
TENNESSEE CAPTIVE INSURANCE ASSOCIATION (EIN 45-2882002)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202443209349311734
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-15T12:21:01-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN721396621PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CARR RIGGS & INGRAM PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12805 N PARK DRIVEAddressLine1Txt
CityGOLDSBOROCityNm
State AbbreviationNCStateAbbreviationCd
ZIP27532ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN452882002EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TENNESSEE CAPTIVE INSURANCEBusinessNameLine1Txt
Business Name Line2ASSOCIATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlTENNBusinessNameControlTxt
Phone8445837897PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14363 LEBANON PIKE BOX 207AddressLine1Txt
CityHERMITAGECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37076ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJENNIFER MERANDAPersonNm
Person TitleTREASURERPersonTitleTxt
Phone8445837897PhoneNum
Signature2024-11-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBETHANY LEADER CPAPreparerPersonNm
PTINP01209336PTIN
Phone9197518297PhoneNum
Preparation2024-11-14PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJENNIFER MERANDAPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line14363 LEBANON PIKE BOX 207AddressLine1Txt
CityHERMITAGECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37076ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$277,430GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.TNCAPTIVES.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionTHE TENNESSEE CAPTIVE INSURANCE ASSOCIATION'S PRIMARY PURPOSE IS TO PROMOTE THE GROWTH OF THE CAPTIVE INSURANCE INDUSTRY IN THE STATE OF TENNESSEE.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$199,890PYProgramServiceRevenueAmt
CY Program Service Revenue$277,430CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$199,890PYTotalRevenueAmt
CY Total Revenue$277,430CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$192,233PYOtherExpensesAmt
CY Other Expenses$225,666CYOtherExpensesAmt
PY Total Expenses$192,233PYTotalExpensesAmt
CY Total Expenses$225,666CYTotalExpensesAmt
PY Revenues Less Expenses$7,657PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$51,764CYRevenuesLessExpensesAmt
Total Assets BOY$103,279TotalAssetsBOYAmt
Total Assets EOY$154,868TotalAssetsEOYAmt
Total Liabilities BOY$7,842TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,667TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$95,437NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$147,201NetAssetsOrFundBalancesEOYAmt
MissionTHE TENNESSEE CAPTIVE INSURANCE ASSOCIATION'S PRIMARY PURPOSE IS TO PROMOTE THE GROWTH OF THE CAPTIVE INSURANCE INDUSTRY IN THE STATE OF TENNESSEE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescEDUCATIONAL EVENTS: THE ORGANIZATION'S PROFESSIONAL CONTRACTOR AND ELECTED LEADERSHIP PRODUCE EDUCATIONAL EVENTS DESIGNED TO INFORM ATTENDEES ON HOW TO ESTABLISH AND OPERATE CAPTIVE INSURANCE COMPANIES IN THE STATE OF TENNESSEE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescPROMOTION: THE ORANIZATION'S PROFESSIONAL CONTRACTOR AND ELECTED LEADERSHIP WILL PRODUCE AND DISTRIBUTE INFORMATION TO BUSINESS EXECUTIVES NATIONWIDE ENCOURAGING THEM TO CONSIDER ESTABLISHING CAPTIVE INSURANCE COMPANIES IN TENNESSEE.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescLEGITSLATIVE/REGULATORY ADVOCACY: THE ORGANIZATION'S PROFESSIONAL CONTRACTOR AND ELECTED LEADERSHIP SHALL ADVOCATE FOR THE BUSINESS INTEREST OF ITS MEMBERS BEFORE THE TENNESSEE STATE LEGISLATURE AND STATE REGULATORY AGENCIES.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonHEATHER KRAMERPersonNm
Phone7153039896PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11502 W BROADWAY SUITE 102AddressLine1Txt
CityMADISONCityNm
State AbbreviationWIStateAbbreviationCd
ZIP53713ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
KEVIN DOHERTY
CHAIRMAN/PRESIDENT/DIRECTOR2.00Yes (X)Yes (X)$0$0$0
MICHAEL A CORBETT
PRESIDENT-ELECT2.00Yes (X)Yes (X)$0$0$0
JENNIFER MERANDA
TREASURER/DIRECTOR2.00Yes (X)Yes (X)$0$0$0
ANDREW RHEA
SECRETARY/DIRECTOR0.50Yes (X)Yes (X)$0$0$0
MARY CLAIRE GOFF
DIRECTOR0.50Yes (X)$0$0$0
CHRISTINE SCRUGGS
DIRECTOR0.50Yes (X)$0$0$0
MARY FRANCIS MILLER
DIRECTOR0.50Yes (X)$0$0$0
MISTI DOOSE
DIRECTOR0.50Yes (X)$0$0$0
SUSAN EUTENEUER
DIRECTOR0.50Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ANNUAL CONFERENCE900099$199,160$199,160
MEMBERSHIP DUES900099$76,370$76,370
NETWORKING EVENTS900099$1,900$1,900
FieldValueIRS element (for citing)
Total Program Service Revenue$277,430TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$277,430TotalRevenueColumnAmt
Related Or Exempt Func Income$277,430RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$50,824TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$4,167TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,520TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,005TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,587TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$922TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$151,884TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,405TotalAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmt
GENERAL ADMINISTRATION$7,135
BOARD OF DIRECTORS$2,217

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$225,666TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$103,279BOYAmt
EOY$154,585EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$283EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$103,279BOYAmt
EOY$154,868EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$7,842BOYAmt
EOY$7,667EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,842BOYAmt
EOY$7,667EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$95,437BOYAmt
EOY$147,201EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$95,437BOYAmt
EOY$147,201EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$103,279BOYAmt
EOY$154,868EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$51,764ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS Audited0FSAuditedInd
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House LobbyingYes (1)OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE ORGANIZATION UTILIZES A MANAGEMENT COMPANY FOR ALL ACTIVITIES.
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION WILL PROVIDE A COPY OF THE FORM 990 TO ITS BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION C, LINE 19JENNIFER MERANDA 4363 LEBANON PIKE BOX 207 HERMITAGE, TN 37076
FORM 990, PART XII, LINE 2C:THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE COMPILATION OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.