Overview
What is Alliance Of Nonprofits For Insurance Risk Retention Group Inc?
Alliance of Nonprofits for Insurance Risk Retention Group Inc, also known as ANI, is a charitable risk pool based in Santa Cruz, California. This nonprofit organization provides affordable and specialized insurance coverages tailored to the unique needs of other 501(C)(3) nonprofit organizations. With a mission to help these organizations effectively and efficiently deliver their services while minimizing accidents and injuries, ANI boasts a membership of over 13,000 nonprofits. By offering training and products, ANI empowers these organizations to better manage risks and ultimately create safer communities.
Official website here: www.insurancefornonprofits.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Alliance of Nonprofits for Insurance Risk Retention Group Inc has received a solid rating of 81% from Charity Navigator, indicating a strong performance in accountability and finance. This score reflects the organization’s commitment to transparency and good governance, with a fully independent board and effective oversight practices in place, ensuring that funds are managed responsibly.
The organization excels particularly in its program expense ratio, which stands at an impressive 98.45%, demonstrating that the vast majority of its resources are directed toward its programs rather than administrative costs. Additionally, it has comprehensive policies regarding conflicts of interest, whistleblowing, and document retention, which contributes positively to its overall accountability framework.
While the rating is commendable, it is important to note that the score is based solely on the accountability and finance beacon. This may not provide a complete picture of the organization's impact or effectiveness in fulfilling its mission, as other factors such as program outcomes were not assessed. Nonetheless, the organization’s strong governance practices are a positive indicator for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance Of Nonprofits For Insurance Risk Retention Group Inc legitimate?
Alliance Of Nonprofits For Insurance Risk Retention Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance Of Nonprofits For Insurance Risk Retention Group Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.insurancefornonprofits.org
What is the mission statement of Alliance Of Nonprofits For Insurance Risk Retention Group Inc?
The Alliance of Nonprofits for Insurance Risk Retention Group Inc serves as a charitable risk pool, offering affordable and specialized insurance coverages to other 501(c)(3) nonprofit organizations. Their mission goes beyond insurance, as they strive to provide training and resources that enable these organizations to deliver their services effectively and efficiently, while minimizing the occurrence of accidents and injuries during service delivery. By offering these solutions, the Alliance aims to contribute to the overall well-being and sustainability of communities served by these nonprofits.
Official website here: www.insurancefornonprofits.org
Who is the CEO of Alliance Of Nonprofits For Insurance Risk Retention Group Inc?
Pamela Davis is the President of Alliance Of Nonprofits For Insurance Risk Retention Group Inc.
Official website here: www.insurancefornonprofits.org
What is the revenue of Alliance Of Nonprofits For Insurance Risk Retention Group Inc?
Alliance Of Nonprofits For Insurance Risk Retention Group Inc's revenue in 2022 was $86,466,315.
Official website here: www.insurancefornonprofits.org
Who are the executives of Alliance Of Nonprofits For Insurance Risk Retention Group Inc and what are their salaries?
There 14 volunteers at Alliance Of Nonprofits For Insurance Risk Retention Group Inc.
Here are 16 key members and their salaries:
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- Related: $358,962
- Other: $31,363
Official website here: www.insurancefornonprofits.org
Where can I find the form 990 for Alliance Of Nonprofits For Insurance Risk Retention Group Inc?
Alliance Of Nonprofits For Insurance Risk Retention Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.insurancefornonprofits.org
Learn more at the official website: www.insurancefornonprofits.org
Mission Statement of Alliance Of Nonprofits For Insurance Risk Retention Group Inc
Alliance of Nonprofits for Insurance, a charitable risk pool named ANI, is dedicated to providing affordable and specialized insurance coverage to other 501(c)(3) nonprofit organizations. The group's primary goal is to ensure these nonprofits have access to stable insurance options that help minimize the frequency and severity of accidents and injuries during the delivery of their services to the community.
ANI's mission goes beyond just insurance, as it also aims to develop and deliver training and products to these nonprofits. By equipping them with the necessary resources, ANI assists these organizations in providing their services effectively and efficiently. The organization's commitment to risk management not only safeguards the interests of the nonprofits but also contributes to the overall well-being of the communities they serve.
In essence, ANI's purpose is to act as a safety net for nonprofit organizations, protecting them from potential risks and enabling them to focus on their core missions. By providing affordable and specialized insurance coverage, ANI empowers these organizations to continue making a positive impact in their communities.
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Impact
August, 2024
The impact of Alliance Of Nonprofits For Insurance Risk Retention Group Inc is significant in providing 13,070 501(c)(3) organizations with a stable source of reasonably priced liability insurance tailored to the specialized needs of the nonprofit sector. By offering affordable, appropriate, and specialized insurance coverages, the organization helps other nonprofits operate effectively and efficiently while minimizing the frequency and severity of accidents and injuries during service delivery to communities. Through its charitable risk pool, Alliance Of Nonprofits For Insurance Risk Retention Group Inc plays a crucial role in supporting and strengthening the nonprofit sector.
This information is meant to be a general summary of Alliance Of Nonprofits For Insurance Risk Retention Group Inc. 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: $2,668,668
- Program Service Revenue: $83,797,647
- Gross Receipts: $118,409,173
Assets and Liabilities:
- Total Assets: $304,018,973
- Total Liabilities: $252,259,297
- Net Assets: $51,759,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET EARNED PREMIUM
Revenue
$83,797,647
Organization Details
Founding Year
1999
Phone
(831) 459-0980Principal Officer
Pamela Davis
Main Address
PO BOX 8507, SANTA CRUZ, CA, 950618507
NTEE Category
Code: Y20 - Mutual benefit
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