Overview
What is Insurance Library Association Of Boston?
The Insurance Library Association of Boston is a nonprofit organization situated in Boston, Massachusetts, specifically at 156 State Street. Their primary mission is to serve as a prominent source of literature, information services, and high-quality professional education tailored to the insurance industry and related fields. They offer a variety of programs, including insurance-focused national programs, specialized seminars, and licensing classes. With a commitment to continuous learning, they provided 16 classes for 2027 students in 2027. The organization employs a modest team of 4 individuals.
Official website here: www.insurancelibrary.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Insurance Library Association of Boston has received a three-star rating from Charity Navigator, indicating a solid level of accountability and finance management. With an overall score of 83%, the organization demonstrates high standards, particularly in governance and financial transparency, as evidenced by its perfect scores in independent board membership and comprehensive financial audits.
Among its strengths, the organization boasts 100% independent board members and a strong conflict of interest policy, which are vital for maintaining integrity and trust. Additionally, it has a favorable liabilities to assets ratio of 6.05%, indicating sound financial health. The organization also ensures that key documents, including meeting minutes and governance policies, are properly maintained and accessible.
However, while the program expense ratio is at 59.85%, which suggests that less than 60% of its expenses are directed towards programs and services, it received only 12 out of 25 points in this area. This may indicate room for improvement in increasing the proportion of funds that directly support its mission-related activities. Overall, the organization shows a commendable commitment to accountability while also having areas to refine its operational focus.
This AI summary has been generated from information found on Charity Navigator.
Is Insurance Library Association Of Boston legitimate?
Insurance Library Association Of Boston is a legitimate nonprofit organization registered as a 501(c)(3) entity. Insurance Library Association Of Boston submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $252,209
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,497
For more financial information, click here
Official website here: www.insurancelibrary.org
What is the mission statement of Insurance Library Association Of Boston?
The Insurance Library Association of Boston's mission is to serve as a leading resource for information and professional education in the insurance industry. This is achieved by providing literature, information services, and high-quality educational programs. The association aims to cater to not only the insurance sector but also related professional interests. They offer a variety of educational opportunities, including national programs, specialized seminars, and licensing classes, catering to over 2000 students annually.
Official website here: www.insurancelibrary.org
Who is the CEO of Insurance Library Association Of Boston?
D Peter Brennan is the Trustee of Insurance Library Association Of Boston.
Official website here: www.insurancelibrary.org
What is the revenue of Insurance Library Association Of Boston?
Insurance Library Association Of Boston's revenue in 2022 was $624,934.
Official website here: www.insurancelibrary.org
Who are the executives of Insurance Library Association Of Boston and what are their salaries?
The average compensation at Insurance Library Association Of Boston during 2022 was $81,926. There are 4 employees at Insurance Library Association Of Boston.
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- Other: $6,609
Official website here: www.insurancelibrary.org
Where can I find the form 990 for Insurance Library Association Of Boston?
Insurance Library Association Of Boston's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.insurancelibrary.org
Learn more at the official website: www.insurancelibrary.org
Mission Statement of Insurance Library Association Of Boston
The Insurance Library Association of Boston serves as a pioneering resource, dedicated to supplying literature, information services, and top-notch professional education for the insurance industry and related fields. Their mission, in essence, is to emerge as the preeminent provider of these essential resources, aiming to empower professionals in the insurance sector and beyond. The association offers various avenues for learning, including insurance-focused national programs, specialized seminars, and licensing classes, catering to the educational needs of approximately 2027 students in 16 distinct classes.
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Impact
July, 2024
The Insurance Library Association of Boston serves as a vital resource for providing information and professional education to the insurance industry. Through its wide range of literature, information services, and professional development opportunities, the association plays a key role in advancing the knowledge and skills of insurance professionals. The impact of the Insurance Library Association of Boston extends beyond just the insurance industry, as it also serves related professional interests. By offering specialized seminars, licensing classes, and other educational programs, the association contributes to the growth and success of individuals working in insurance and related fields.
This information is meant to be a general summary of Insurance Library Association Of Boston. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $159,045
- Program Service Revenue: $77,605
- Gross Receipts: $702,400
Assets and Liabilities:
- Total Assets: $2,239,121
- Total Liabilities: $145,209
- Net Assets: $2,093,912
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COURSE REVENUE
Revenue
$74,020
COPYING & RESEARCH
Revenue
$3,585
Organization Details
Founding Year
1887
Phone
(617) 227-2087Principal Officer
D Peter Brennan
Main Address
156 STATE STREET, BOSTON, MA, 02109
Website
www.insurancelibrary.orgNTEE Category
Code: A03 - Arts
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