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Myrtle Indemnity INC

Tax-deductible

New Britain, CT501(c)(3)Since 2023Arts & CultureEIN 92-3621853Revenue $965K in FY2025

On file with the IRS200 Myrtle St, 06053-4160 · New Britain, CTTax-exempt since Aug 2025Supporting org, Type I — 509(a)(3)

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To support the charitable purposes of the parent company and exempt affiliates.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $101K a year · 11% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$998K
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$965K
+7% vs prior year
Spent
$1.2M
To programs
98%
Net assets
$261K
By yearFY2024–FY2025
Revenue
$965K
FY2025▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2024$900K
FY2025$965K
Expenses
$1.2M
FY2025▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2024$890K
FY2025$1.2M
Net assets
$261K
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2024$273K
FY2025$261K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.1M Management & general 2% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
William Schuch
Chairperson
$0Pt VII · Sec A
Doug Malick
Board Member
$0Pt VII · Sec A
Paul D'Addabbo
Board Member
$0Pt VII · Sec A
Stephen Nims
Board Member
$0Pt VII · Sec A
Marta Jones
Treasurer
$0Pt VII · Sec A
Rebecca Sarvela
Vice President
$0Pt VII · Sec A
Wendy Schrlau
Secretary
$0Pt VII · Sec A
William Green
President
$0Pt VII · Sec A
See Myrtle Indemnity INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports charitable goals of its parent company and related groups.

Questions for Myrtle Indemnity INC

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2024
01

To provide insurance and/or claims defense and administration to the parent and exempt affiliates.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$965K
Ln 12
Fees for servicesLn 2g$945K
Investment incomeLn 3$20K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$28K
Owns and owesPt X
$261K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$998K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$945K
Investment incomeLn 3$20K
Total revenueLn 12$965K
Assets in detailPt X, end of year
CashLn 1$328K
SavingsLn 2$812K
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$3K
Total assetsLn 16$1.3M
LiabilitiesLn 26$998K
Net assetsLn 32$261K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.2M$1.1M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$976K$998K
Net assetsLn 32$273K$261K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$112K$112K$0$0
Office expensesLn 13$1K$1K
TravelLn 17$1K$1K
Other expenses (24a–d)Ln 24$1.0M$1.0M
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$1.2M$1.1M$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $965K$1.2M−$212K$261K 990 PDF
FY2024 $900K$890K$11K$273K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $964,780 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $892,503$944,704
I-10 Investment incomePrior year $7,743$20,076
I-11 Other revenue$0
I-12 Total revenuePrior year $900,246$964,780
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $889,680$1,177,270
I-18 Total expensesPrior year $889,680$1,177,270
I-19 Revenue less expensesPrior year $10,566−$212,490
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $964,780 across 4 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $944,704$944,704
VIII-3 Investment incomeExcluded from tax $20,076$20,076
VIII-12 Total revenueRelated to mission $944,704 · Unrelated business $0 · Excluded from tax $20,076$964,780
Part IX · Statement of functional expenses $1,177,270 across 6 lines filed
IX-11c Accounting feesManagement $25,989$25,989
IX-11g Other fees for servicesPrograms $111,513 · Management $0 · Fundraising $0$111,513
IX-13 Office expensesManagement $1,253$1,253
IX-17 TravelManagement $1,200$1,200
IX-24 Other expenses (24a–d)Programs $1,037,315$1,037,315
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $1,148,828 · Management $28,442 · Fundraising $0$1,177,270
Part X · Balance sheet $1,259,302 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $327,711$327,564
X-2 Savings and temporary cash investmentsStart of year $881,131$811,580
X-4 Accounts receivable$80,000
X-9 Prepaid expenses and deferred chargesStart of year $37,500$37,500
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $2,658$2,658
X-16 Total assetsStart of year $1,249,000$1,259,302
X-17 Accounts payable and accrued expensesStart of year $693,014$914,193
X-25 Other liabilitiesStart of year $282,861$84,061
X-26 Total liabilitiesStart of year $975,875$998,254
X-32 Total net assets or fund balancesStart of year $273,125$261,048
X-33 Total liabilities and net assetsStart of year $1,249,000$1,259,302
Part XI · Reconciliation of net assets $261,048 net assets at year end
XI-1 Total revenue$964,780
XI-2 Total expenses$1,177,270
XI-3 Revenue less expenses−$212,490
XI-4 Net assets at start of year$273,125
XI-5 Net unrealized gains (losses) on investments$413
XI-9 Other changes in net assets$200,000
XI-10 Net assets at end of year$261,048

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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