Overview
What is Acord Corporation?
Acord Corporation is a New Jersey-based not-for-profit organization that focuses on promoting the interests of and enhancing the efficiency and effectiveness of all trading partners within the insurance and related financial services industries. They achieve this by creating standards, specifications, and related implementation tools for the electronic exchange of information and other information processing. Acord's activities extend beyond internal industry operations, as they also serve the public interest and consumers of insurance and related financial services through analysis, education, standards setting, and research & development initiatives concerning the electronic exchange of information and information processing. The organization, with approximately 60 employees, is dedicated to fostering cooperation among various segments of the insurance industry and improving the overall experience for all involved.
Official website here: www.acord.org
Is Acord Corporation legitimate?
Acord Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Acord Corporation 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $4,357,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,304,556
For more financial information, click here
What is the mission statement of Acord Corporation?
Acord Corporation is a not-for-profit organization dedicated to enhancing collaboration and efficiency among trading partners within the insurance and related financial services industries. By creating standards, specifications, and related implementation tools for the electronic exchange of information, Acord aims to streamline processes and improve effectiveness across various sectors. The organization's efforts extend beyond the industry, contributing to the public interest and consumer welfare through analysis, education, and research activities surrounding information processing.
Official website here: www.acord.org
Who is the CEO of Acord Corporation?
William Pieroni is the President & Ceo of Acord Corporation. The CEO's salary of Acord Corporation is $2,566,778 and their total compensation is $2,926,651.
Official website here: www.acord.org
What is the revenue of Acord Corporation?
Who are the executives of Acord Corporation and what are their salaries?
The average compensation at Acord Corporation during 2022 was $94,361. There are 60 employees and 121 volunteers at Acord Corporation.
Here are 30 key members and their salaries (Acord Corporation's CEO's salary is $2,566,778 and their total compensation is $2,926,651):
- William Pieroni (President & Ceo) [Trustee/Director]
- Tanya J Krochta Executive (Evp & Chief Administrative Officer)
- Maria Lourdes Soriano (Svp, Business Development)
- Andrew J Zuckerman Svp (Government Affairs & General Counsel)
- David Sterner (Vp, Research & Development)
- Manreen Kaur (Director P&C)
- Sean Stewart Market (Development & Retention Director)
- Lisa Plunkett (Senior Director Of Finance)
- Karen Mottley (Business Architect L&A)
- Richard Robert Flynn (Vp Communications)
- Robert Kelly (Chair) [Trustee/Director]
- Kevin Tobin (Vice-Chair) [Trustee/Director]
- John Artesani (Director, Thru 1/21/22)
- Colleen Batman (Director)
- Richard Brame (Director)
- Rebecca Bunyan (Director)
- Bill Devine (Director)
- Ian Haycock (Director)
- John Kellington (Director)
- Mark Knipfer (Director)
- Venkat Krishnamoorthy (Director)
- Jennifer Kyung (Director)
- Steve Lundin (Director)
- Ian Macartney (Director, Deceased)
- Dave Matcham Fcii (Director)
- Patrick Molineux (Director)
- Robert Rusbuldt (Director)
- Dr Christian Schaffer (Director)
- Dr Ralf Schneider (Director)
- Vlad Yekelchik (Director)
Official website here: www.acord.org
Where can I find the form 990 for Acord Corporation?
The Acord Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.acord.org
Learn more at the official website: www.acord.org
Mission Statement of Acord Corporation
Acord Corporation, a not-for-profit organization, is dedicated to advancing the interests of all trading partners within the insurance and related financial services industries. By fostering improved efficiency and effectiveness, Acord Corporation plays a vital role in this sector. The corporation achieves this goal by developing standards, specifications, and related implementation tools for the electronic exchange of information and other information processing.
Acord Corporation serves the public interest and consumers of insurance and related financial services through analysis, education, and research & development activities concerning the electronic exchange of information and information processing. The organization's primary focus is on enhancing collaboration and communication among industry participants to streamline processes and optimize business operations. By setting standards, Acord Corporation ensures a consistent and interoperable approach to information exchange, ultimately benefiting all parties involved.
In essence, Acord Corporation acts as a catalyst for innovation and progress within the insurance and financial services industries. By providing a platform for the development and adoption of advanced technologies and best practices, the organization drives growth and efficiency. This, in turn, enables trading partners to offer better products and services to their customers, enhancing the overall industry landscape.
Impact
This information is meant to be a general summary of Acord Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Acord Corporation has a significant impact on the insurance and related financial services industries by promoting the interests of all trading partners and improving efficiency and effectiveness. Through the development of standards, specifications, and implementation tools for the electronic exchange of information, Acord plays a crucial role in streamlining processes and facilitating communication in these sectors.
Additionally, Acord serves the public interest and consumers of insurance and financial services through analysis, education, standards setting, and research and development activities. By focusing on electronic information exchange and information processing, Acord contributes to enhancing transparency, accessibility, and safety within the industry.
Overall, Acord Corporation's work not only benefits trading partners but also contributes to the broader community improvement by fostering innovation, collaboration, and advancements in the insurance and financial services sectors.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$17,630,297
PRODUCT AND OTHER SERVICES
Revenue
$6,460,960
SUBSCRIPTION FEES
Revenue
$4,772,646
Organization Details
Founding Year
1978
Phone
(845) 620-1700
Principal Officer
William Pieroni
Main Address
150 CLOVE ROAD 11TH FLOOR, LITTLE FALLS, NJ, 07424
Website
www.acord.org
NTEE Category
Code: S41 - Community improvement
If you are a representative of Acord Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.