Society Of Insurance Financial Management

Sifm

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 116037615 ✦ Caldwell, NJ ✦ Designated as a 501(c)(6)

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Overview

What is Society Of Insurance Financial Management?

The Society of Insurance Financial Management (SIFM) is a renowned nonprofit organization situated in Caldwell, New Jersey, specifically at 61 Mountain Avenue. Their primary role is to serve as a trusted resource and platform for insurance financial professionals. They host four quarterly conferences annually, providing an opportunity for members to stay updated on significant developments in the insurance sector, with a focus on regulatory changes and emerging trends. SIFM acts as a forum for its members to learn, share, and understand recent advancements in insurance and reinsurance accounting, financial reporting, taxation, regulation, and information technology. By fostering an exchange of ideas amongst its members, SIFM functions as a close-knit community of financial insurance professionals.


Official website here: www.sifm.org

Is Society Of Insurance Financial Management legitimate?

Society Of Insurance Financial Management is a legitimate nonprofit organization registered as a 501(c)(6) entity. Society Of Insurance Financial Management 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.sifm.org

What is the mission statement of Society Of Insurance Financial Management?

The Society of Insurance Financial Management serves as a trusted resource for insurance financial professionals, offering a platform for members to stay updated on emerging trends in the industry. Its primary mission is to provide a forum where members can learn, share, and gain a deeper understanding of recent developments in areas such as insurance and reinsurance accounting, financial reporting, taxation, regulation, and information technology. This organization fosters an exchange of ideas among its members, creating a community of financial insurance professionals. The Society of Insurance Financial Management conducts four quarterly conferences annually, allowing members to explore topics that impact the insurance sector, with a focus on regulatory changes and trends in the industry.


Official website here: www.sifm.org

Who is the CEO of Society Of Insurance Financial Management?

Sean W Egan is the Board Member of Society Of Insurance Financial Management.


Official website here: www.sifm.org

What is the revenue of Society Of Insurance Financial Management?

Society Of Insurance Financial Management's revenue in 2022 was $181,896.


Official website here: www.sifm.org

Who are the executives of Society Of Insurance Financial Management and what are their salaries?

There 15 volunteers at Society Of Insurance Financial Management.


Here are 15 key members and their salaries:


N Adriana Nivia (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin E Mulloy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean W Egan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael J Castelli (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Giardiello (Vice President/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie L Harris (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Mallen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Mcnulty (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Tierney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Yoon (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine Lehnert (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Sheldon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russel Sommers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Burke (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana D'Amelio (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sifm.org

Where can I find the form 990 for Society Of Insurance Financial Management?

Society Of Insurance Financial Management's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sifm.org

Learn more at the official website: www.sifm.org

Mission Statement of Society Of Insurance Financial Management

Society of Insurance Financial Management serves as a reliable resource and a platform for insurance financial professionals to engage in discussions about emerging trends in the industry. This organization's mission is to create a forum where members can learn, exchange ideas, and gain a comprehensive understanding of recent developments in insurance and reinsurance accounting, financial reporting, taxation, regulation, and information technology. By fostering an environment of collaboration among its members, Society of Insurance Financial Management aims to establish itself as a trusted community of financial insurance professionals. This community encourages the exchange of ideas, keeping its members informed about the latest regulatory changes and trends in the insurance sector, with a focus on quarterly conferences that cover topics of significant impact on the insurance industry.

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Impact




October, 2024

The Society of Insurance Financial Management (SIFM) serves as a crucial resource for insurance financial professionals, facilitating communication and education on contemporary trends affecting the industry. Through its quarterly conferences, SIFM offers members valuable insights into regulatory changes and emerging trends, enhancing their understanding of key topics in insurance and reinsurance accounting, financial reporting, taxation, and information technology.

By fostering a community where professionals can share knowledge and discuss recent developments, SIFM significantly impacts the sector by promoting informed decision-making and strategic planning among its members. This collaborative environment encourages the exchange of ideas, helping its members navigate the complexities of the insurance landscape while adapting to rapidly evolving challenges. Overall, SIFM plays a vital role in strengthening the capabilities and expertise of financial professionals in the insurance industry, ultimately contributing to its overall improvement and resilience.




This information is meant to be a general summary of Society Of Insurance Financial Management. 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.

Revenue
$181,896 (2022)
Expenses
$168,679 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5
  • Program Service Revenue: $181,741
  • Gross Receipts: $181,896

Assets and Liabilities:

  • Total Assets: $74,542
  • Total Liabilities: $6,006
  • Net Assets: $68,536

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$143,641

CONFERENCE REVENUE

Revenue

$38,100

Organization Details

Founding Year

1959

Principal Officer

Sean W Egan

Main Address

61 MOUNTAIN AVENUE, CALDWELL, NJ, 07006

NTEE Category

Code: S41 - Community improvement

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