Albedo Insurance Company IC
Donations deductibleRevenue
$72.7m
year to 30 June 2025
Expenses
$37.6m
year to 30 June 2025
Total assets
$220.9m
$130m liabilities
Net assets
$91m
assets less liabilities
Directors and trustees
6
5.4y av
Staff
0
employees, year to 30 June 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
2
named in Part VII
Albedo Insurance Company IC's network
6 people1 organisationi6 people and 1 organisation on this map.The large node is the subject of this page. Solid lines are what the register itself records (6). Violet dotted lines (3) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
6 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Beong-SOO Kim | Director | 2020 | 6 yrs |
| Drdavid Peng | Director | 2023 | 3 yrs |
| Erik Brink | Treasurer/Director | 2021 | 5 yrs |
| James M Staten (also filed as James Staten) | Director Until 2/28/23 | 2020 | 6 yrs |
| Jason Bennett | President/Director | 2021 | 5 yrs |
| Steven D Shapiro | Director | 2021 | 5 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
2 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Carolyn Domen-Broshears | Company secretary | since 2022 |
| Erik Brink | CFO/Treasurer/Director | 2020 |
Pay and hours
year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Steven D Shapiro MD | Director | 2 | $0 | $2.9m | $371k |
| Rod Hanners | Director | 2 | $0 | $2.4m | $146k |
| Beong-Soo Kim | Director | 2 | $0 | $1.3m | $255k |
| Erik Brink | Director | 2 | $0 | $1.3m | $253k |
| Casandra Porter | Treasurer (As of 4/28/25)/Dir. | 2 | $0 | $529k | $162k |
| Carolyn Domen-Broshears | Secretary | 2 | $0 | $471k | $117k |
| Caroline Wilhelm | Treasurer (Until 04/28/2025) | 2 | $0 | $384k | $138k |
| Jason Bennett | President/Director | 20 | $0 | $444k | $70k |
| Wajeeha Shakeel | Fin/Data Analytics Manager | 25 | $0 | $154k | $52k |
About
- Legal name
- Albedo Insurance Company Ic
- EIN
- 851454978
- Address
- 100 Bank St Ste 630, Burlington, VT, 05401-4946
- State
- Vermont
- Mission
- Albedo insurance company, ic (albedo) is a public benefit corporation and incorporated protected cell of a sponsored captive insurance company organized in accordance with the vermont nonprofit corporation act and chapter 141 of title 8 of the vermont statutes annotated. Albedo is organized and operated as a supporting organization described in internal revenue code section 509(a)(3) to... (as filed on the Form 990)
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Size band
- 9 (IRS master file code)
- Formed
- 2020
- Principal officer
- Jason Bennett (as named on the Form 990)
- IRS ruling date
- 1 October 2020
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 4, latest 2023
- IRS Publication 78
- SO (contributions deductible)
Most connected
Related organisations (Schedule R)
RelatedEDUCATIONUniversity of Southern CaliforniaRelatedEDUC. MEDIAIct Productions IncRelatedUSC SUPPORTDavid X Marks FoundationRelatedEDUC. MEDIASurvivors of Shoah Visual History FDN
Longest observed on the filings
≥6years on the filingsBeong-SOO Kim
≥6years on the filingsJames M Staten
≥5years on the filingsErik Brink
≥5years on the filingsJason Bennett
Latest return
year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.- Total assets
- $220.9m
- Total liabilities
- $130m
- Net assets or fund balances
- $91m
- Contributions and grants received
- $0
- Program service revenue
- $62.5m
- Employees
- 0