Overview
What is National Alliance Of Nonprofits For Insurance Inc?
The National Alliance of Nonprofits for Insurance Inc, commonly known as NANI, is a charitable risk pool based in Santa Cruz, California. Their primary mission is to support the members of the Alliance of Nonprofits for Insurance Risk Retention Group (ANI-RRG) and the Nonprofits Insurance Alliance of California (NIAC) by providing them with reinsurance. This enables these organizations to offer affordable, specialized, and stable insurance coverages to other 501(C)(3) nonprofit organizations. NANI's goal is to help these nonprofits minimize accidents and injuries during their service delivery, ensuring they can effectively and efficiently meet community needs.
Official website here: www.insurancefornonprofits.org
What are the reviews and ratings of this charity?
The National Alliance Of Nonprofits For Insurance Inc is not currently rated by Charity Navigator. This lack of a current rating is due to the need for more comprehensive data using new methodologies. Historically, the organization scored well for Accountability & Finance, with a noted score of 96, indicating strong financial management and oversight practices.
The nonprofit shows strength in governance and financial transparency. It has an independent board, robust policies such as whistleblower and conflict of interest, and excellent financial health evidenced by a low liabilities to assets ratio and a high program expense ratio of 99.22%. However, the absence of a posted tax form on its website slightly diminishes its transparency score.
No user reviews are available from GreatNonprofits, leaving a gap in understanding public perception of the organization. While financial and governance details appear solid, the lack of broader rating criteria highlights an area of potential growth in demonstrating impact and adaptability more comprehensively.
This AI summary has been generated from information found on Charity Navigator.
Is National Alliance Of Nonprofits For Insurance Inc legitimate?
National Alliance Of Nonprofits For Insurance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Alliance Of Nonprofits For Insurance 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 National Alliance Of Nonprofits For Insurance Inc?
The National Alliance of Nonprofits for Insurance (NANI) serves as a charitable risk pool, offering reinsurance support to the Alliance of Nonprofits for Insurance Risk Retention Group (ANI-RRG) and Nonprofits Insurance Alliance of California (NIAC). Their primary objective is to help these organizations fulfill their missions of providing affordable, suitable, steady, and specialized insurance coverage to other 501(c)(3) nonprofit organizations. Furthermore, NANI develops and delivers training and products to assist these nonprofits in delivering their services effectively and efficiently while reducing the frequency and severity of accidents and injuries during service delivery to communities.
Official website here: www.insurancefornonprofits.org
Who is the CEO of National Alliance Of Nonprofits For Insurance Inc?
Pamela Davis is the President of National Alliance Of Nonprofits For Insurance Inc.
Official website here: www.insurancefornonprofits.org
What is the revenue of National Alliance Of Nonprofits For Insurance Inc?
National Alliance Of Nonprofits For Insurance Inc's revenue in 2022 was $13,548,430.
Official website here: www.insurancefornonprofits.org
Who are the executives of National Alliance Of Nonprofits For Insurance Inc and what are their salaries?
There 10 volunteers at National Alliance Of Nonprofits For Insurance Inc.
Here are 12 key members and their salaries:
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- Related: $504,278
- Other: $27,360
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- Compensation: $0
- Related: $358,962
- Other: $31,363
Official website here: www.insurancefornonprofits.org
Where can I find the form 990 for National Alliance Of Nonprofits For Insurance Inc?
National Alliance Of Nonprofits For Insurance 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 National Alliance Of Nonprofits For Insurance Inc
The National Alliance of Nonprofits for Insurance, or NANI, serves as a charitable risk pool with a noble mission. By providing reinsurance support to the Alliance of Nonprofits for Insurance Risk Retention Group (ANI-RRG) and the Nonprofits Insurance Alliance of California (NIAC), NANI enables these organizations to offer affordable, suitable, stable, and specialized insurance coverages to over 501(c)(3) nonprofit organizations. The primary goal is to help these nonprofits effectively and efficiently deliver their services while minimizing the frequency and severity of accidents and injuries to others in the community.
In simple terms, NANI acts as a safety net for various nonprofit organizations, shielding them from substantial financial risks. This protection allows these organizations to focus on their missions, which range from education and health to social services and the arts, without being unduly burdened by insurance-related concerns. NANI's efforts not only ensure the financial sustainability of its member nonprofits but also contribute to the well-being of the communities they serve.
Furthermore, NANI goes beyond insurance coverage, offering training and products to its members. These resources empower nonprofits to enhance their operations and better serve their clients, ultimately leading to improved outcomes for those in need. NANI's commitment to the nonprofit sector extends beyond financial support, making it an invaluable partner in the pursuit of positive change and community betterment.
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Impact
August, 2024
National Alliance Of Nonprofits For Insurance Inc's impact lies in providing a stable source of reasonably priced liability coverage to IRS 501(c)(3) organizations. This allows nonprofit organizations to fulfill their missions effectively by minimizing the frequency and severity of accidents and injuries while delivering their services to communities. Additionally, the organization offers reinsurance support to other nonprofit insurance providers, ensuring affordable, appropriate, stable, and specialized insurance coverages for a wide range of charitable organizations.
This information is meant to be a general summary of National Alliance Of Nonprofits For Insurance 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: $259,875
- Program Service Revenue: $13,288,555
- Gross Receipts: $17,202,216
Assets and Liabilities:
- Total Assets: $31,792,875
- Total Liabilities: $12,700,511
- Net Assets: $19,092,364
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET EARNED PREMIUMS
Revenue
$13,288,555
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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