Civic Intelligence

Cruden Bay Risk Retention Group Inc

EIN 27-0057453 • 501(c)3 • Burlington, VT

Profile

Cruden bay provides medical professional liability coverage and directors and officers liability coverage.

126 College Street 300Burlington, VT 05401

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.69x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

2.11x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

96th percentile

81%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

64th percentile

9.8%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

41st percentile

3.3%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$20,054,847

Up $1,724,795 (+9.4%) from 2023

Liabilities

Down

$13,822,213

Down $2,565,072 (-16%) from 2023

Net Assets

Up

$6,232,634

Up $4,289,867 (+221%) from 2023

Operations
Liabilities / Revenue89th percentileNet Margin96th percentile

Revenue

Up

$6,565,471

Up $387,321 (+6.3%) from 2023

Expenses

Down

$1,248,728

Down $5,114,948 (-80%) from 2023

Net Income

Up

$5,316,743

Up $5,502,269 (+2966%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth64th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2014: $11,813,828Liabilities 2014: $7,590,055Net Assets 2014: $4,223,7732014Assets 2015: $13,712,603Liabilities 2015: $7,617,783Net Assets 2015: $6,094,8202015Assets 2016: $15,242,694Liabilities 2016: $8,150,932Net Assets 2016: $7,091,7622016Assets 2017: $17,267,613Liabilities 2017: $12,218,852Net Assets 2017: $5,048,7612017Assets 2018: $16,148,802Liabilities 2018: $10,313,951Net Assets 2018: $5,834,8512018Assets 2019: $17,740,044Liabilities 2019: $10,275,162Net Assets 2019: $7,464,8822019Assets 2020: $17,948,770Liabilities 2020: $11,605,178Net Assets 2020: $6,343,5922020Assets 2021: $20,126,037Liabilities 2021: $13,201,857Net Assets 2021: $6,924,1802021Assets 2022: $16,643,132Liabilities 2022: $13,226,066Net Assets 2022: $3,417,0662022Assets 2023: $18,330,052Liabilities 2023: $16,387,285Net Assets 2023: $1,942,7672023Assets 2024: $20,054,847Liabilities 2024: $13,822,213Net Assets 2024: $6,232,6342024

Highlighted filing

2024

Assets$20,054,847
Liabilities$13,822,213
Net Assets$6,232,634
Open 2024 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2014: $2,696,263Expenses 2014: $2,522,736Net Income 2014: $173,5272014Revenue 2015: $3,339,810Expenses 2015: $1,262,802Net Income 2015: $2,077,0082015Revenue 2016: $3,008,927Expenses 2016: $1,599,356Net Income 2016: $1,409,5712016Revenue 2017: $2,538,813Expenses 2017: $4,894,304Net Income 2017: -$2,355,4912017Revenue 2018: $2,352,074Expenses 2018: $1,199,383Net Income 2018: $1,152,6912018Revenue 2019: $3,526,228Expenses 2019: $2,030,036Net Income 2019: $1,496,1922019Revenue 2020: $3,850,831Expenses 2020: $4,257,942Net Income 2020: -$407,1112020Revenue 2021: $6,048,862Expenses 2021: $3,444,518Net Income 2021: $2,604,3442021Revenue 2022: $6,149,537Expenses 2022: $4,986,207Net Income 2022: $1,163,3302022Revenue 2023: $6,178,150Expenses 2023: $6,363,676Net Income 2023: -$185,5262023Revenue 2024: $6,565,471Expenses 2024: $1,248,728Net Income 2024: $5,316,7432024

Highlighted filing

2024

Revenue$6,565,471
Expenses$1,248,728
Net Income$5,316,743
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$20,054,847
Liabilities
$13,822,213
Net assets
$6,232,634
Revenue
$6,565,471
Expenses
$1,248,728
Net income
$5,316,743
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.1$13.8$6.23$6.57$1.25$5.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$16.4$1.94$6.18$6.36$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$13.2$3.42$6.15$4.99$1.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.1$13.2$6.92$6.05$3.44$2.60
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.9$11.6$6.34$3.85$4.26$0.41
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$10.3$7.46$3.53$2.03$1.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.1$10.3$5.83$2.35$1.20$1.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.3$12.2$5.05$2.54$4.89$2.36
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$8.15$7.09$3.01$1.60$1.41
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$7.62$6.09$3.34$1.26$2.08
2014Detailed filing. Detailed filing data is available for this year.$11.8$7.59$4.22$2.70$2.52$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$10,262,734
Mission and Program Overview

Mission

Cruden bay was formed by the nemours foundation (nemours) to support nemours by providing medical professional and directors and officers liability insurance coverage.

Provision of insurance coverage

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,385,076$16,852,812▲ $467,736
Savings and Temporary Cash Investments$1,310,397$3,045,579▲ $1,735,182
Cash and Non-Interest-Bearing Accounts$553,957$61,327▼ $492,630
Total Assets$18,330,052$20,054,847▲ $1,724,795
Other Assets Total$80,622$95,129▲ $14,507
Liabilities
Other Liabilities$14,698,670$11,582,571▼ $3,116,099
Accounts Payable and Accrued Expenses$1,688,615$2,239,642▲ $551,027
Total Liabilities$16,387,285$13,822,213▼ $2,565,072
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,942,767$6,232,634▲ $4,289,867
Total Net Assets Fund Balance$1,942,767$6,232,634▲ $4,289,867
Total Liabilities and Net Assets / Fund Balance$18,330,052$20,054,847▲ $1,724,795
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Rodney MckendreePresident and Treasurer
Dr Michael ErhardDIRECTOR (TO AUG '24)
Laura KowalDIRECTOR (TO AUG '24)
Ryan GadapeeSecretary and Director
Robert D BridgesTREASURER AND DIRECTOR (TO AUG '23)
William W Higginbotham IiAssistant Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,634,500
Investment Income
$1,930,971
Other Revenue
$0
Change in Net Assets
$5,316,743

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,515,727
Revenue Not Reported on Financial Statements
$49,744
Revenue Not Reported on Form 990
$-1,026,876
Total Revenue per Audited Statements
$5,488,851
Total Revenue per Form 990
$6,565,471
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$451,362
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$797,366--$797,366
Fees for Services Management-$68,250-$68,250
Fees for Service Investment Mgmnt Fees-$49,744-$49,744
Fees for Services Accounting-$42,100-$42,100
Other Expenses$32,151--$32,151
Fees for Services Other$25,148--$25,148
Fees for Services Legal-$10,500-$10,500
Conferences and Meetings-$5,852-$5,852
Office Expenses-$2,135-$2,135
All Other Expenses-$717-$717
Total Functional Expenses$1,069,430$179,298$0$1,248,728

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,248,728
Expenses per Audited Statements$1,198,984
Total Expenses per Audited Statements$1,198,984
Expenses Not Reported on Financial Statements$49,744
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Losses & Loss Expense Reserves$11,582,571
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Cruden bay's management duties are delegated to amethyst captive insurance solutions. However, cruden bay is under control of its supported organization, the nemours foundation, through governance.”

Form 990, Part VI, Section A, Line 6

“Cruden bay has two members, the nemours foundation and association of nemours' executive council members.”

Form 990, Part VI, Section A, Line 7A

“The nemours foundation, as the sole class a member of cruden bay, has the right to elect at least 3 class a directors. The association of nemours' executive council members, as the sole class b member of cruden bay, has the right to elect 1 class b director.”

Form 990, Part VI, Section A, Line 8B

“Cruden bay does not have any committees of its board of directors. However, the board of directors assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”

Form 990, Part VI, Section B, Line 11B

“A draft 990 is presented to the board of directors for a thorough review. In addition to the review performed by the board of directors, the 990 was reviewed by usa risk group of vermont.”

Form 990, Part VI, Section B, Line 12C

“Cruden bay monitors and enforces compliance by reviewing the conflict of interest statements at the annual board meeting.”

Form 990, Part VI, Section C, Line 19

“Cruden bay makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Cruden Bay Risk Retention Group Inc
EIN
27-0057453
Phone
8023712212
Address
126 COLLEGE STREET 300, BURLINGTON, VT 05401

Signing Officer

Name
William W Higginbotham Ii
Title
Assistant Treasurer
Phone
9046975880
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rodney Mckendree
Formed
2003
Legal Domicile
Vt
Voting Board Members
4
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Johnson Lambert Llp
Address
4242 SIX FORKS RD STE 1500, RALEIGH, NC 27609
Preparer
J Calvin Marks
Phone
9197196400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Cruden bay received exemption from federal income taxes on related income under section 501(c)(3) of the internal revenue code. Accordingly, no provision for federal income taxes has been recorded in the accompanying financial statements. Cruden bay has not taken any uncertain tax positions that would jeopardize its federal income tax exemption status.”

Raw XML AppendixShowing 400 of 640 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt05974466
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02488150
IRS990/PYOtherExpensesAmt0389210
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03690000
IRS990/PYRevenuesLessExpensesAmt0-185526
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt06363676
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06178150
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05316743
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04634500
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01310397
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03045579
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt01248728
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0590634433
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd03
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt01248728
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0THE NEMOURS FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt049744
IRS990ScheduleD/ExpensesSubtotalAmt01198984
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt049744
IRS990ScheduleD/InvestmentExpensesNotIncldAmt049744
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1026876
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011582571
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOSSES & LOSS EXPENSE RESERVES
IRS990ScheduleD/RevenueNotReportedAmt0-1026876
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt049744
IRS990ScheduleD/RevenueSubtotalAmt06515727
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CRUDEN BAY RECEIVED EXEMPTION FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. CRUDEN BAY HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS THAT WOULD JEOPARDIZE ITS FEDERAL INCOME TAX EXEMPTION STATUS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01248728
IRS990ScheduleD/TotalLiabilityAmt011582571
IRS990ScheduleD/TotalRevenuePerForm990Amt06565471
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05488851
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01198984
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0277648
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt1341568
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt2165768
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt3127635
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0559819
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1896298
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2579031
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3374554
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt0512049
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt1166631
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt221203
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt348495
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt067988
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt1142329
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt263603
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt342840
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt051397
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt151856
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt245940
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt355084
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0770256
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1168909
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt247412
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt350318
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt4413612
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR MICHAEL ERHARD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RODNEY MCKENDREE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2LAURA KOWAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3WILLIAM W HIGGINBOTHAM II
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4ROBERT D BRIDGES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR (TO AUG '24)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT AND TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR (TO AUG '24)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3ASSISTANT TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4TREASURER AND DIRECTOR (TO AUG '23)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt01727108
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt11600960
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2901754
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3650431
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4413612
IRS990ScheduleJ/SeverancePaymentInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0IN 2024, THE FOLLOWING WERE PAID SEVERANCE FROM THE NEMOURS FOUNDATION: ROBERT D. BRIDGES $413,612 DR. MICHAEL ERHARD $146,570 THE NEMOURS FOUNDATION MAINTAINED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") FOR MOST OF THE MEMBERS OF THE NEMOURS EXECUTIVE TEAM AS DETERMINED BY THE BOARD OF DIRECTORS. THE SERP PROVIDES EACH PARTICIPANT AN EMPLOYER PROVIDED ANNUAL "FLEXIBLE" BENEFIT ALLOWANCE IN THE FORM OF DOLLAR CREDITS WHICH THE PARTICIPANT MAY APPLY TO ANY OF THE BENEFITS OFFERED UNDER THE PLAN WHICH INCLUDE INDIVIDUAL LONG-TERM DISABILITY INSURANCE, AND UNFUNDED NONQUALIFIED DEFERRED COMPENSATION BENEFITS SUBJECT TO IRC SECTION 457(F). UNDER THE PLAN, EACH OF THE PARTICIPANTS MAKES AN ANNUAL ELECTION ALLOCATING HIS OR HER FLEXIBLE BENEFIT ALLOWANCE FOR THE UPCOMING YEAR AMONG THE COMPONENT BENEFITS. THE AMOUNT OF THE FLEXIBLE BENEFIT ALLOWANCE MAY VARY AMOUNG THE PARTICIPANTS AS DETERMINED BY NEMOURS AND NEMOURS MAY DISCONTINUE THE FLEXIBLE BENEFIT ALLOWANCES AT ANY TIME. IN 2024, THE FOLLOWING WERE PAID FROM THE SERP: RODNEY MCKENDREE $166,631 MICHAEL ERHARD MD $512,049 WILLIAM W. HIGGINBOTHAM II $48,495 LAURA KOWAL $21,203
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINES 4A-B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CRUDEN BAY'S MANAGEMENT DUTIES ARE DELEGATED TO AMETHYST CAPTIVE INSURANCE SOLUTIONS. HOWEVER, CRUDEN BAY IS UNDER CONTROL OF ITS SUPPORTED ORGANIZATION, THE NEMOURS FOUNDATION, THROUGH GOVERNANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CRUDEN BAY HAS TWO MEMBERS, THE NEMOURS FOUNDATION AND ASSOCIATION OF NEMOURS' EXECUTIVE COUNCIL MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE NEMOURS FOUNDATION, AS THE SOLE CLASS A MEMBER OF CRUDEN BAY, HAS THE RIGHT TO ELECT AT LEAST 3 CLASS A DIRECTORS. THE ASSOCIATION OF NEMOURS' EXECUTIVE COUNCIL MEMBERS, AS THE SOLE CLASS B MEMBER OF CRUDEN BAY, HAS THE RIGHT TO ELECT 1 CLASS B DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CRUDEN BAY DOES NOT HAVE ANY COMMITTEES OF ITS BOARD OF DIRECTORS. HOWEVER, THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A DRAFT 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR A THOROUGH REVIEW. IN ADDITION TO THE REVIEW PERFORMED BY THE BOARD OF DIRECTORS, THE 990 WAS REVIEWED BY USA RISK GROUP OF VERMONT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CRUDEN BAY MONITORS AND ENFORCES COMPLIANCE BY REVIEWING THE CONFLICT OF INTEREST STATEMENTS AT THE ANNUAL BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CRUDEN BAY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0980404800
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt0PO BOX 1085
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CityNm0GRAND CAYMAN

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