Overview
What is Title Insurance Rate Service Assoc Inc?
Title Insurance Rate Service Assoc Inc is a nonprofit association situated in New York, specifically in New York City. Driven primarily by membership dues, its primary objective is to gather market data related to the title insurance industry. This data is then submitted to the New York State Insurance Department, enabling them to potentially request adjustments in insurance premiums, given that premiums in this sector are regulated by the department. The association has a modest workforce of two individuals.
Official website here: www.tirsa.org
Is Title Insurance Rate Service Assoc Inc legitimate?
Title Insurance Rate Service Assoc Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Title Insurance Rate Service Assoc 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: $254,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,350
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Official website here: www.tirsa.org
What is the mission statement of Title Insurance Rate Service Assoc Inc?
Title Insurance Rate Service Association is a not-for-profit organization, primarily funded through member dues. Its primary mission is to gather market data on the title insurance industry. This data is subsequently submitted to the New York State Insurance Department. The purpose of this activity is to facilitate the application for potential premium rate adjustments, as insurance premiums in New York are regulated by the department. The association plays a crucial role in providing valuable data for the title insurance industry.
Official website here: www.tirsa.org
Who is the CEO of Title Insurance Rate Service Assoc Inc?
Madeleine Nagy is the President of Title Insurance Rate Service Assoc Inc.
Official website here: www.tirsa.org
What is the revenue of Title Insurance Rate Service Assoc Inc?
Title Insurance Rate Service Assoc Inc's revenue in 2022 was $481,830.
Official website here: www.tirsa.org
Who are the executives of Title Insurance Rate Service Assoc Inc and what are their salaries?
The average compensation at Title Insurance Rate Service Assoc Inc during 2022 was $149,425. There are 2 employees at Title Insurance Rate Service Assoc Inc.
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- Compensation: $231,000
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- Other: $23,500
Official website here: www.tirsa.org
Where can I find the form 990 for Title Insurance Rate Service Assoc Inc?
Title Insurance Rate Service Assoc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tirsa.org
Learn more at the official website: www.tirsa.org
Mission Statement of Title Insurance Rate Service Assoc Inc
Title Insurance Rate Service Association, a non-profit organization, is primarily funded through membership dues. Its primary mission is to gather market data pertinent to the title insurance industry. This data is then submitted to the New York State Insurance Department. Since the New York State Insurance Department sets all insurance premiums, this data can be utilized to apply for premium rate adjustments. The association's role in collecting and submitting this data plays a significant role in the title insurance industry.
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Impact
October, 2024
Title Insurance Rate Service Assoc Inc plays a crucial role in the title insurance industry by assembling and submitting market data to the New York State Insurance Department (NYSID). This data is essential for determining premium rates, as all insurance premiums in New York are regulated by the NYSID. By providing accurate and comprehensive market insights, the organization enables its members to apply for premium rate adjustments, thereby fostering a more equitable and competitive insurance landscape.
The impact of the Title Insurance Rate Service Association extends beyond its direct services; by enhancing data collection and analysis within the industry, it contributes to improved consumer protection and market stability. Their efforts help ensure that title insurance remains affordable while providing necessary coverage, ultimately benefiting property buyers and the larger community through enhanced trust in the title insurance process.
This information is meant to be a general summary of Title Insurance Rate Service Assoc 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: $53
- Program Service Revenue: $481,777
- Gross Receipts: $481,830
Assets and Liabilities:
- Total Assets: $936,625
- Total Liabilities: $0
- Net Assets: $936,625
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Asse
Revenue
$481,777
Organization Details
Founding Year
1993
Phone
(212) 867-8524Principal Officer
Madeleine Nagy
Main Address
PO Box 1539, New York, NY, 10163
Website
www.tirsa.orgNTEE Category
Code: S40 - Community improvement
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