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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Housing & Shelter Connecticut Foundation Solutions Indemnity Company Inc.

Connecticut Foundation Solutions Indemnity Company Inc.

Fiscal year ending 2021. Filed on November 15, 2021.

237 Hillside Rd
Ashford, Connecticut 06278

Connecticut Foundation Solutions Indemnity Company Inc. (EIN: 83-1054554) has filed an IRS Form 990 since fiscal year 2019. In its fiscal year 2021 IRS Form 990 filing, Connecticut Foundation Solutions Indemnity Company Inc., a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $0.

Revenue, expenses, and employee compensation

Revenue

$30,748,798

Expenses

-$406,947

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Maglaras
Superintendent
$0
Marcy Waterfall
Assistant Secretary
$0

Benchmark Employee Compensation

Non-Employee Board Members

Bruce Kellogg
Vice President
Cathy Osten
Director
Dan Champagne
Director
Daniel Keune
Secretary
Donald Poulin
Director
Jeff Currey
Director
John Filchak
Director
John Racheck
Director
Kurt Vail
Director
Lyle Wray
Vice President
Mark McDonnell
Director
Scott Shanley
Director

Contractors

Michael Maglaras & Company
Insurance and Risk Management
$506,520

Mission Statement

CONNECTICUT FOUNDATION SOLUTIONS INDEMNITY COMPANY, INC. ("CFSIC") HAS BEEN CHARTERED AND LICENSED AS A CAPTIVE INSURER TO ASSIST THE STATE OF CONNECTICUT WITH THE FAIR AND EQUITABLE ADJUSTMENT OF HOMEOWNER CLAIMS RESULTING FROM THE (CONTINUED ON SCHEDULE O) PYRRHOTITE-AFFECTED HOME FOUNDATIONS NATURAL DISASTER.CFSIC'S MISSION IS TO USE ITS AVAILABLE RESOURCES TO ADJUST AND PAY CLAIMS FOR THE REBUILDING OF AS MANY PYRRHOTITE-AFFECTED HOME FOUNDATIONS AS THOSE RESOURCES WILL PERMIT. USING OBJECTIVE AND RECOGNIZED PROPERTY CLAIM ADJUSTMENT STANDARDS, AND ACTING AT ALL TIMES WITH FAIRNESS AND COMPASSION, CFSIC IS COMMITTED TO THE EQUITABLE TREATMENT OF HOMEOWNERS SUFFERING FROM THIS NATURAL DISASTER.

Revisions to this organization profile

March 14, 2025:
2024 Connecticut Foundation Solutions Indemnity Company Inc. 990 filed
February 15, 2024:
2023 Connecticut Foundation Solutions Indemnity Company Inc. 990 filed
May 13, 2023:
2022 Connecticut Foundation Solutions Indemnity Company Inc. 990 filed

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