Overview
What is New York Insurance Association Inc?
New York Insurance Association Inc, located at 130 Washington Avenue, Albany, NY 12210, is a nonprofit organization dedicated to serving the insurance industry and the general public in New York State. Its primary mission is to foster a harmonious relationship among insurance companies, promote understanding of insurance issues, and advocate for the welfare of the insurance industry and its consumers. The association establishes an agency to present and explain insurance facts to various stakeholders, including the public, supervisory authorities, and law-making bodies. With a workforce of 6 individuals, the New York Insurance Association Inc plays a crucial role in maintaining a healthy insurance environment in the state.
Official website here: www.nyia.org
Is New York Insurance Association Inc legitimate?
New York Insurance Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. New York Insurance Association 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: $627,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $353,670
For more financial information, click here
Official website here: www.nyia.org
What is the mission statement of New York Insurance Association Inc?
The New York Insurance Association Inc's mission is centered around promoting the advancement of the insurance industry. This encompasses developing, preserving, operating, maintaining, and ensuring the overall well-being of the insurance sector for the benefit of both the industry and the insurance-buying public. The organization serves to present information to the public regarding insurance-related matters, fostering harmonious relationships among its member companies and strengthening ties with the insurance-buying public. To accomplish this, the Association establishes an agency that serves as a platform to explain and present the facts and principles of insurance to relevant authorities and the general public.
Official website here: www.nyia.org
Who is the CEO of New York Insurance Association Inc?
Ellen Melchionni is the Member of New York Insurance Association Inc.
Official website here: www.nyia.org
What is the revenue of New York Insurance Association Inc?
New York Insurance Association Inc's revenue in 2022 was $1,845,971.
Official website here: www.nyia.org
Who are the executives of New York Insurance Association Inc and what are their salaries?
The average compensation at New York Insurance Association Inc during 2022 was $163,595. There are 6 employees and 13 volunteers at New York Insurance Association Inc.
Here are 19 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $360,435
- Related: $0
- Other: $48,634
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $172,107
- Related: $0
- Other: $46,724
Official website here: www.nyia.org
Where can I find the form 990 for New York Insurance Association Inc?
New York Insurance Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nyia.org
Learn more at the official website: www.nyia.org
Mission Statement of New York Insurance Association Inc
New York Insurance Association Inc, a notable organization within the insurance industry, is committed to fostering the growth, upholding the integrity, and enhancing the overall well-being of the insurance sector in the state of New York. Their mission is geared towards serving both the industry and the insurance-buying public, seeking to improve the insurance landscape for all parties involved.
To achieve this goal, New York Insurance Association Inc presents valuable information pertaining to insurance-related matters to the general public. This initiative aims to foster a harmonious relationship among its member companies and to establish a connection between the insurance-buying public. Furthermore, the association establishes an agency to educate the public, supervisory authorities, and legislative bodies about the principles and facts of insurance. This agency serves as a platform for explaining and clarifying insurance concepts, thereby promoting a better understanding of the industry.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The New York Insurance Association Inc. plays a significant role in enhancing the insurance landscape within New York. By promoting the development, preservation, and maintenance of the insurance industry, it directly benefits both the industry and consumers. This organization fosters harmonious relationships among insurance companies and stakeholders, facilitating a collaborative atmosphere that aids in addressing common challenges.
Through public outreach, the Association provides crucial information on insurance-related issues, helping to demystify complex concepts for consumers. This educational effort empowers insurance buyers to make informed decisions while promoting transparency in the industry. Additionally, the Association acts as a conduit between the industry and regulatory bodies, ensuring that the concerns and needs of both sides are communicated effectively.
Overall, the impact of the New York Insurance Association Inc. is reflected in its commitment to a well-functioning insurance sector, which in turn contributes to the economic and social welfare of the community it serves. Its initiatives bolster trust in the insurance system, ultimately benefiting New York residents and businesses alike.
This information is meant to be a general summary of New York Insurance Association 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: $34,940
- Program Service Revenue: $1,745,324
- Gross Receipts: $2,092,243
Assets and Liabilities:
- Total Assets: $2,141,817
- Total Liabilities: $207,173
- Net Assets: $1,934,644
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,356,332
CONFERENCE & MEETINGS
Revenue
$285,985
GROUP PUBLICATION
Revenue
$64,601
NEWSLETTER
Revenue
$38,406
Organization Details
Founding Year
1882
Phone
(518) 432-4227Principal Officer
Ellen Melchionni
Main Address
130 WASHINGTON AVENUE, ALBANY, NY, 12210
Website
www.nyia.orgNTEE Category
Code: S41 - Community improvement
If you are a representative of New York Insurance Association Inc 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.