2026-05-08T11:43:06+00:00 2025-06-30 350921680 CROWE LLP 401 East Las Olas Blvd Suite 1100 Fort Lauderdale FL 333014230 990 2024-07-01 010717030 Portage Bay Insurance PORT 2065433802 733 Bishop Street Suite 1555 Honolulu HI 96813 Denys Kazama Secretary/Treasurer 2065433802 2026-05-08 true Brittney Kocaj P01320603 9542028600 2026-05-08 2024 2025-03-06 01:10:19Z X CO UW COMPLIANCE & RISK SERVICES Jane Yung 733 Bishop Street Suite 1555 Honolulu HI 96813 58987288 false X N/A X 2002 HI TO PROVIDE PROFESSIONAL, GENERAL, EDUCATORS LEGAL (INCLUDING EMPLOYMENT PRACTICES), AND AUTOMOBILE LIABILITY INSURANCE COVERAGE TO THE UNIVERSITY OF WASHINGTON AND ITS AFFILIATES. 7 1 0 1 0 0 55609001 58983067 0 4221 55609001 58987288 0 0 0 0 0 51897937 59761537 51897937 59761537 3711064 -774249 187444734 177923065 172072500 153291183 15372234 24631882 PORTAGE BAY INSURANCE PROVIDES PROFESSIONAL, GENERAL, EDUCATORS LEGAL (INCLUDING EMPLOYMENT PRACTICES), AND AUTOMOBILE LIABILITY INSURANCE COVERAGE TO THE UNIVERSITY OF WASHINGTON AND ITS AFFILIATES. false false 59251063 58987288 PORTAGE BAY INSURANCE IS A WHOLLY-OWNED SUBSIDIARY OF THE UNIVERSITY OF WASHINGTON, AND IS ORGANIZED AS A NONPROFIT CORPORATION FOR THE PURPOSE OF PROVIDING PPROFESSIONAL, GENERAL, EDUCATORS LEGAL (INCLUDING EMPLOYMENT PRACTICES), AND AUTOMOBILE LIABILITY INSURANCE COVERAGE TO THE UNIVERSITY OF WASHINGTON AND ITS AFFILIATES. COSTS ASSOCIATED WITH PROVIDING INSURANCE COVERAGES ARE IN FURTHERANCE OF THE ORGANIZATION'S TAX-EXEMPT PURPOSE OF SUPPORTING THE UNIVERSITY OF WASHINGTON AND ITS AFFILIATES. 59251063 true false false false false false false false false false false false false true true true true true false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false true false true 0 0 0 false false false false false false false false false false false false X 7 1 false true false false true true true true false false false false true true true true true true false false false false X Denys Kazama 8085350511 733 Bishop Street Suite 1555 HONOLULU HI 96813 JANE YUNG PRESIDENT/DIRECTOR 1.0 40.0 X X 0 293310 50191 ANNELISE SCHLEYER Director 1.0 40.0 X 0 367432 98872 Brad Simmons DIRECTOR 1.0 40.0 X 0 964680 69638 JACQUELINE CABE DIRECTOR 1.0 40.0 X 0 700958 44193 KRIS WHITTERS Director 1.0 0.0 X 0 0 0 MINDY KORNBERG DIRECTOR 1.0 40.0 X 0 429799 60624 SARAH NORRIS HALL DIRECTOR 1.0 40.0 X 0 434372 73603 DENYS KAZAMA SECRETARY/TREASURER 1.0 0.0 X 0 0 0 0 3190551 397121 0 false true false 0 0 PREMIUMS EARNED 524298 58983067 58983067 0 0 0 0 58983067 0 0 0 0 Miscellaneous 900099 4221 4221 0 0 0 0 4221 58987288 58987288 0 0 83770 62828 20942 46080 46080 54230 54230 80000 80000 0 0 13159 13159 INCURRED LOSSES 59108235 59108235 miscellaneous 373563 373563 TAXES AND LICENSES 2500 2500 0 0 0 0 59761537 59251063 510474 0 3001 0 0 0 0 123248125 159821144 0 0 0 0 0 0 64196609 18098920 187444734 177923065 1060066 791088 0 0 171012434 152500095 172072500 153291183 X 19000000 19000000 -3627766 5631882 15372234 24631882 187444734 177923065 -774249 10033897 0 X false true true false X X 1 UNIV OF WASHINGTON 916001537 6 true 0 59251063 1 0 59251063 true true false false false false false false false false false false false false false true false Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2) THE SUPPORTED ORGANIZATION IS THE UNIVERSITY OF WASHINGTON. THE INCOME OF THE UNIVERSITY OF WASHINGTON, AS AN AGENCY OF THE STATE OF WASHINGTON, IS NOT SUBJECT TO FEDERAL INCOME TAX PURSUANT TO SECTION 115 OF THE INTERNAL REVENUE CODE. REINSURANCE RECOVERABLE 18098920 18098920 Federal Income Taxes UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES 152500095 152500095 X 69021185 10033897 0 10033897 58987288 0 0 58987288 59761537 0 0 59761537 0 0 59761537 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Company is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code (IRC) as an organization described in Section 501(c)(3) of the IRC and is generally not subject to federal income taxes. However, the Company is subject to income taxes on any net income that is derived from a trade or business, regularly carried on, and not in furtherance of the purposes for which it was granted exemption. No income tax provision has been recorded on the net income, if any, from any unrelated trade or business because, in the opinion of management, it is not material to the regulatory basis financial statements taken as a whole. The Company files a separate return for State of Hawaii premium taxes, and as a result, is not subject to state income tax. false false false false false false false false false JANE YUNG PRESIDENT/DIRECTOR 0 292746 0 0 0 564 0 28255 0 21936 0 343501 0 0 JACQUELINE CABE DIRECTOR 0 695678 0 0 0 5280 0 25875 0 18318 0 745151 0 0 ANNELISE SCHLEYER Director 0 367432 0 0 0 0 0 80250 0 18622 0 466304 0 0 Brad Simmons DIRECTOR 0 964680 0 0 0 0 0 55328 0 14310 0 1034318 0 0 MINDY KORNBERG DIRECTOR 0 428619 0 0 0 1180 0 41948 0 18676 0 490423 0 0 SARAH NORRIS HALL DIRECTOR 0 433423 0 0 0 949 0 56693 0 16910 0 507975 0 0 Schedule J, Part I, Line 3 Compensation Method Used By Related Organization Portage Bay INSURANCE RELIED ON THE METHODS OF ESTABLISHING COMPENSATION USED BY THE UNIVERSITY OF WASHINGTON (UW). The compensation for the President of Portage Bay Insurance is established using the policies and standards of the UW Professional Staff Compensation program: https://hr.uw.edu/comp/professional-staff/overview/ Form 990, Part VI, Line 3 Delegation of management duties THE ORGANIZATION CONTRACTS THE SERVICES OF Willis Towers Watson Management (Hawaii) TO PROVIDE SPECIALIZED INSURANCE MANAGEMENT SERVICES. DENYS KAZAMA is AN EMPLOYEE OF Willis Towers Watson Management (Hawaii) AND is COMPENSATED FOR SERVICES AS CAPTIVE SENIOR ACCOUNT EXECUTIVE OF THE ORGANIZATION. Form 990, Part VI, Line 6 Classes of members or stockholders The organization has a sole member, The Board of Regents of the University of Washington. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The organization has a sole member, The Board of Regents of the University of Washington. The bylaws state that membership meetings and actions must be approved by this Sole Member and filed with the corporate records or made part of the minutes of the meeting. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE BYLAWS state that membership meetings and actions must be approved by the sole member and filed with the corporate records or made part of the minutes of the meeting. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The organization does not have committees with authority to act on behalf of the governing body. Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY OF FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY AND REVIEWED DURING A BOARD MEETING BEFORE IT IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES THAT ALL INTERESTED PERSONS MUST DISCLOSE TO THE BOARD ALL FINANCIAL INTERESTS AND ALL MATERIAL FACTS RELATING TO ANY ORGANIZATION ENTERING INTO A TRANSACTION OR ARRANGEMENT WITH PORTAGE BAY INSURANCE WHICH MAY RESULT IN A CONFLICT OF INTEREST. THIS POLICY APPLIES TO ALL MEMBERS OF THE BOARD AND OFFICERS OF THE CORPORATION. THE BOARD SHALL DETERMINE IF THE DISCLOSED FINANCIAL INTEREST MAY RESULT IN A CONFLICT OF INTEREST BY MEETING, DISCUSSING AND VOTING ON THE MATTER. IN ADDITION, THE BOARD SHALL CONDUCT PERIODIC REVIEWS OF ALL MAJOR ACTIVITIES CONDUCTED BY THE ORGANIZATION TO DETERMINE WHETHER IT IS OPERATING IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES WITHOUT PRIVATE INUREMENT OR IMPERMISSIBLE BENEFIT TO PRIVATE INTERESTS. IN THE EVENT OF A CONFLICT OF INTEREST, THE INTERESTED PARTY SHALL DISCLOSE THE FACTS REGARDING THE TRANSACTION AND THE CORPORATION SHALL NOT PROCEED WITH THE TRANSACTION UNLESS THE CORPORATION DETERMINES THAT SUCH TRANSACTION IS FAIR, REASONABLE, AND FOR ITS BEST INTERESTS. THE CORPORATION WILL ALSO TAKE APPROPRIATE DISCIPLINARY ACTION WITH RESPECT TO THE INTERESTED PARTY WHO VIOLATED THE CONFLICT OF INTEREST POLICY. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. UNIVERSITY OF WASHINGTON ROOSEVELT COMMONS WEST BOX 354964 SEATTLE WA 981054964 916001537 EDUCATION WA NA false false false false true false false false false false false false true false false false false false false false