Civic Intelligence

Lac Assurance Ltd

990 • Fiscal year 2020 • EIN 46-4310313

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

1635 N Greenfield Road Suite 127Mesa, AZ 85205

(318) 537-8387

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.00x

Higher debt load relative to assets than 39% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

44th percentile

0.03x

Higher debt load relative to revenue than 44% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Source year 2020

Net Margin

96th percentile

87%

Higher net margin than 96% of similar nonprofits.

2020 filings • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$3,004,655

No earlier filing loaded for comparison.

Net Assets

$2,991,289

No earlier filing loaded for comparison.

Liabilities

$13,366

No earlier filing loaded for comparison.

Revenue

$383,672

No earlier filing loaded for comparison.

Expenses

$50,576

No earlier filing loaded for comparison.

Net Income

$333,096

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $3,004,655Liabilities 2020: $13,366Net Assets 2020: $2,991,2892020Assets 2021: $3,157,503Liabilities 2021: $11,677Net Assets 2021: $3,145,8262021Assets 2022: $2,960,786Liabilities 2022: $361,990Net Assets 2022: $2,598,7962022Assets 2023: $3,487,379Liabilities 2023: $382,349Net Assets 2023: $3,105,0302023Assets 2024: $2,496,258Liabilities 2024: $22,695Net Assets 2024: $2,473,5632024

Highlighted filing

2020

Assets$3,004,655
Liabilities$13,366
Net Assets$2,991,289

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2020: $383,672Expenses 2020: $50,576Net Income 2020: $333,0962020Revenue 2021: $311,749Expenses 2021: $63,166Net Income 2021: $248,5832021Revenue 2022: $272,866Expenses 2022: $555,210Net Income 2022: -$282,3442022Revenue 2023: $544,104Expenses 2023: $82,188Net Income 2023: $461,9162023Revenue 2024: $411,053Expenses 2024: $1,037,793Net Income 2024: -$626,7402024

Highlighted filing

2020

Revenue$383,672
Expenses$50,576
Net Income$333,096
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.0
Gross Receipts
$383,672
Mission and Program Overview

Mission

The company is a nonpublic insurance organization providing liability coverage to entities affiliated with or owned directly or indirectly by the members of the company.

The company is a nonpublic insurance organization providing liability coverage.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,600,266$2,991,289▲ $391,023
Investments in Publicly Traded Securities$2,314,321$2,699,697▲ $385,376
Savings and Temporary Cash Investments$271,351$278,403▲ $7,052
Total Assets$2,615,632$3,004,655▲ $389,023
Other Assets Total$29,960$26,555▼ $3,405
Liabilities
Other Liabilities$15,366$13,366▼ $2,000
Total Liabilities$15,366$13,366▼ $2,000
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,600,266$2,991,289▲ $391,023
Total Liabilities and Net Assets / Fund Balance$2,615,632$3,004,655▲ $389,023
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$107,490
Other Revenue
$276,182
Change in Net Assets
$333,096

Audited Revenue Reconciliation

Revenue per Audited Statements
$383,672
Total Revenue per Audited Statements
$383,672
Total Revenue per Form 990
$383,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,576
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
Fees for Services Management---$43,260
Fees for Services Other---$7,316
Total Functional Expenses$0$0$0$50,576

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$50,576
Total Expenses per Audited Statements$50,576
Total Expenses per Form 990$50,576
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unpaid Loss and Lae$13,366
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The governing board reviews form 990 annually.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public for review from the office of the company.

Filing and Contact Details

Filer

Filer Name
Lac Assurance Ltd
EIN
46-4310313
Address
1635 N GREENFIELD ROAD SUITE 127, MESA, AZ 85205

Signing Officer

Name
Frederick H Schneider Iv
Title
Secretary
Phone
3185378387
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Shackelford Iii
Formed
2013
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Shores Tagman Butler & Company Pa
Address
17 S MAGNOLIA AVE, ORLANDO, FL 32801
Preparer
William L Shores
Phone
4078720744
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

OTHER 7,316 0 0

Raw XML Appendix241 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE COMPANY IS A NONPUBLIC INSURANCE ORGANIZATION PROVIDING LIABILITY COVERAGE.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ARTEX RISK
IRS990/BooksInCareOfDetail/PhoneNum03185378387
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01635 N GREENFIELD ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0MESA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AZ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd085205
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0107490
IRS990/CYOtherExpensesAmt050576
IRS990/CYOtherRevenueAmt0276182
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0333096
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt050576
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0383672
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE COMPANY IS A SMALL, NON-PUBLIC LOCAL INSURANCE ORGANIZATION THAT HAS PROVIDED LIABILITY COVERAGE TO ITS MEMBERS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/ExpenseAmt050576
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesManagementGrp/TotalAmt043260
IRS990/FeesForServicesOtherGrp/TotalAmt07316
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.10
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN SHACKELFORD III
IRS990/Form990PartVIISectionAGrp/PersonNm1FREDERICK H SCHNEIDER IV
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0383672
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0107490
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0107490
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02314321
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02699697
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileCountryCd0AV
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE COMPANY IS A NONPUBLIC INSURANCE ORGANIZATION PROVIDING LIABILITY COVERAGE TO ENTITIES AFFILIATED WITH OR OWNED DIRECTLY OR INDIRECTLY BY THE MEMBERS OF THE COMPANY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02600266
IRS990/NetAssetsOrFundBalancesEOYAmt02991289
IRS990/NetUnrlzdGainsLossesInvstAmt057927
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt029960
IRS990/OtherAssetsTotalGrp/EOYAmt026555
IRS990/OtherLiabilitiesGrp/BOYAmt015366
IRS990/OtherLiabilitiesGrp/EOYAmt013366
IRS990/OtherRevenueMiscGrp/Desc0PREMIUM INCOME
IRS990/OtherRevenueMiscGrp/Desc1UNREAL. GAINS ON EQUITY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0257040
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt119142
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0257040
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt119142
IRS990/OtherRevenueTotalAmt0276182
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOHN SHACKELFORD III
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt080624
IRS990/PYOtherExpensesAmt047371
IRS990/PYOtherRevenueAmt0331276
IRS990/PYRevenuesLessExpensesAmt0364529
IRS990/PYTotalExpensesAmt047371
IRS990/PYTotalRevenueAmt0411900
IRS990/ReconcilationRevenueExpnssAmt0333096
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0383672
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02600266
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02991289
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0271351
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0278403
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt050576
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNPAID LOSS AND LAE
IRS990ScheduleD/RevenueSubtotalAmt0383672
IRS990ScheduleD/TotalExpensesPerForm990Amt050576
IRS990ScheduleD/TotalLiabilityAmt013366
IRS990ScheduleD/TotalRevenuePerForm990Amt0383672
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0383672
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt050576
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BOARD REVIEWS FORM 990 ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOCUMENTS ARE AVAILABLE TO THE PUBLIC FOR REVIEW FROM THE OFFICE OF THE COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER 7,316 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02615632
IRS990/TotalAssetsEOYAmt03004655
IRS990/TotalAssetsGrp/BOYAmt02615632
IRS990/TotalAssetsGrp/EOYAmt03004655
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt050576
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015366
IRS990/TotalLiabilitiesEOYAmt013366
IRS990/TotalLiabilitiesGrp/BOYAmt015366
IRS990/TotalLiabilitiesGrp/EOYAmt013366
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02600266
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02991289
IRS990/TotalProgramServiceExpensesAmt050576
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0383672
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0383672
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02615632
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03004655
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01635 N GREENFIELD ROAD SUITE 127
IRS990/USAddress/CityNm0MESA
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085205
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FREDERICK H SCHNEIDER IV
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum03185378387
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAC ASSURANCE LTD
ReturnHeader/Filer/BusinessNameControlTxt0LACA
ReturnHeader/Filer/EIN0464310313
ReturnHeader/Filer/USAddress/AddressLine1Txt01635 N GREENFIELD ROAD SUITE 127
ReturnHeader/Filer/USAddress/CityNm0MESA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085205
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0591788225
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SHORES TAGMAN BUTLER & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt017 S MAGNOLIA AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ORLANDO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032801
ReturnHeader/PreparerPersonGrp/PhoneNum04078720744
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM L SHORES
ReturnHeader/ReturnTs02021-11-15T12:06:15-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FREDRICK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHNEIDER IV
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings