Overview
What is Insurance Council Of Nj Inc?
The Insurance Council of NJ Inc, located at 15 W Front Street, Trenton, NJ 08608, is a nonprofit organization dedicated to promoting a positive image and understanding of the property/casualty insurance business. They achieve this through education, public information, and communication. The council's mission involves educating policy-makers on how legislation and regulations impact the industry and engaging in continuous education for themselves to stay updated. The organization also utilizes membership communications to meet these goals. With a team of 5 employees, they work tirelessly to promote a favorable business environment for the property/casualty insurance sector.
Official website here: www.icnj.org
Is Insurance Council Of Nj Inc legitimate?
Insurance Council Of Nj Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Insurance Council Of Nj 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: $341,775
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,199
For more financial information, click here
Official website here: www.icnj.org
What is the mission statement of Insurance Council Of Nj Inc?
The Insurance Council of NJ Inc serves as an insurance research, information, and advocacy organization. Its primary mission is to foster a positive image and understanding of the property/casualty insurance business. This is achieved through education, public information, and communication. The council aims to promote a favorable business environment for the industry by engaging in advocacy activities. It educates policy-makers on how legislation and regulations impact the industry, utilizing seminars for this purpose. The council also continually educates itself about evolving laws and regulations in the field. Membership communications are another tool used by the Insurance Council of NJ Inc to achieve its goals.
Official website here: www.icnj.org
Who is the CEO of Insurance Council Of Nj Inc?
Christine O'Brien is the President of Insurance Council Of Nj Inc.
Official website here: www.icnj.org
What is the revenue of Insurance Council Of Nj Inc?
Insurance Council Of Nj Inc's revenue in 2022 was $847,870.
Official website here: www.icnj.org
Who are the executives of Insurance Council Of Nj Inc and what are their salaries?
The average compensation at Insurance Council Of Nj Inc during 2022 was $93,195. There are 5 employees at Insurance Council Of Nj Inc.
Here are 20 key members and their salaries:
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Official website here: www.icnj.org
Where can I find the form 990 for Insurance Council Of Nj Inc?
Insurance Council Of Nj Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.icnj.org
Learn more at the official website: www.icnj.org
Mission Statement of Insurance Council Of Nj Inc
The Insurance Council of New Jersey, as an insurance research, information, and advocacy organization, aims to foster a positive image and understanding of the property/casualty insurance business. This mission is accomplished through education, public information, and communication. The council strives to promote a beneficial business environment, serving as a platform to educate policy-makers on how legislation and regulations impact the industry. Seminars and continuous education are instrumental in achieving this goal. Furthermore, the council actively engages in self-education to stay informed about the ever-changing laws and regulations within the insurance sector. Through member communications and various initiatives, the Insurance Council of New Jersey effectively meets its mission of promoting a positive image and understanding of the property/casualty insurance business.
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Impact
October, 2024
The Insurance Council of New Jersey Inc. plays a pivotal role in shaping the perception and understanding of the property and casualty insurance sector in New Jersey. By focusing on education, public information, and effective communication, it fosters a positive image of the industry while ensuring that stakeholders are well-informed about the intricacies of insurance regulations and legislation.
Through seminars and advocacy efforts, the organization educates policymakers on the implications of various legislative measures, thereby influencing the development of a regulatory framework that supports a healthy business environment. This engagement not only benefits insurance professionals but also consumers, as it promotes fair practices and transparency within the industry.
By facilitating continuing education for its members, the Council ensures that industry professionals remain updated on changing laws and regulations, which enhances their ability to serve clients effectively. Overall, the Council's initiatives contribute to community improvement and a more informed public, ultimately leading to a more stable and responsive insurance market in New Jersey.
This information is meant to be a general summary of Insurance Council Of Nj 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: $35,132
- Program Service Revenue: $812,738
- Gross Receipts: $847,870
Assets and Liabilities:
- Total Assets: $1,686,229
- Total Liabilities: $422,744
- Net Assets: $1,263,485
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOST SEMINARS
Revenue
$99,635
MEMBERSHIP DUES
Revenue
$713,103
Organization Details
Founding Year
1977
Phone
(609) 393-0025Principal Officer
Christine O'Brien
Main Address
15 W FRONT STREET, TRENTON, NJ, 08608
Website
www.icnj.orgNTEE Category
Code: S41 - Community improvement
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