Terrafirma Risk Retention Group Llc
Terrafirma Risk Retention Group Llc
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About this organization
Mission
The primary exempt purpose of Terrafirma is to operate as a qualified charitable risk pool pursuant to I.R.C. Section 501(n).
About
The primary purpose of Terrafirma is to operate as a qualified charitable risk pool pursuant to I.R.C. Section 501(n), organized and operated to pool and insure the insurance risks of its members and to provide information to its members with respect to loss control and risk management. Each member of such pool shall at all times be an organization described in Section 501(c)(3) and exempt from income tax under Section 501(a). Fundamentaly, Terrafirma is designed to provide a safety net for a charitable land trust from catastrophic legal expenses and provide the confidence and capability to uphold our conservation obligations forever. However, Terrafirma will also offer loss prevention and risk management services to its members through Alliance Risk Management Services, LLC (ARMS), a wholly owned subsidiary of the land trust alliance, Inc. and the manager of Terrafirma will also provide free claims assistance to land trusts and early advice to assist dispute resolution and avoid unnecessary litigation.
Interesting data from their 2020 990 filing
The non-profit's aim, as indicated in the filing, is “The primary exempt purpose of terrafirma is to operate as a qualifiedcharitable risk pool pursuant to i.r.c. section 501(n).”.
When referring to its functions, they were specified as: “The primary exempt purpose of terrafirma is to operate as a qualified charitable risk pool pursuant to i.r.c. section 501(n).”.
- The non-profit has reported their operating state as VT, as required by law.
- As stated in the filing, the non-profit's address in 2020 was 463 MOUNTAIN VIEW DR NO 301, COLCHESTER, VT, 05446.
- The non-profit's form reports a total of 0 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $886,586.
- The organization has 9 independent voting members.
- The organization was formed in 2011.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.