Insurance Federation Of Pennsylvania Inc

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

EIN: 230724005 ✦ Harrisburg, PA ✦ Designated as a 501(c)(6)

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Overview

What is Insurance Federation Of Pennsylvania Inc?

The Insurance Federation of Pennsylvania Inc. serves as a trade association, situated in Harrisburg, Pennsylvania. With a workforce of six individuals, its primary mission is to monitor legislative, regulatory, and judicial matters pertinent to the Pennsylvania insurance industry. By keeping a close eye on these sectors, the organization identifies and reports relevant issues to its member companies. In response to these issues, it takes appropriate actions to safeguard the interests of the insurance industry within the state. The Insurance Federation of Pennsylvania Inc. acts as a crucial bridge between the insurance industry and the legislative, regulatory, and judicial landscapes of Pennsylvania.


Official website here: www.ifpenn.org

Is Insurance Federation Of Pennsylvania Inc legitimate?

Insurance Federation Of Pennsylvania Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Insurance Federation Of Pennsylvania 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: $1,205,296
Professional Fundraising Fees: $0
Other Salaries and Wages: $87,305

For more financial information, click here


Official website here: www.ifpenn.org

What is the mission statement of Insurance Federation Of Pennsylvania Inc?

The Insurance Federation of Pennsylvania Inc serves as a watchdog for the insurance industry within the state, monitoring all legislative, regulatory, and judicial matters that may impact the sector. It diligently reports these issues to its member companies and takes appropriate action in response to them. This organization plays a crucial role in ensuring the interests of the Pennsylvania insurance industry are safeguarded and represented effectively.


Official website here: www.ifpenn.org

Who is the CEO of Insurance Federation Of Pennsylvania Inc?

Noah Karn is the Vice President of Insurance Federation Of Pennsylvania Inc.


Official website here: www.ifpenn.org

What is the revenue of Insurance Federation Of Pennsylvania Inc?

Insurance Federation Of Pennsylvania Inc's revenue in 2023 was $1,920,766.


Official website here: www.ifpenn.org

Who are the executives of Insurance Federation Of Pennsylvania Inc and what are their salaries?

The average compensation at Insurance Federation Of Pennsylvania Inc during 2023 was $215,434. There are 6 employees at Insurance Federation Of Pennsylvania Inc.


Here are 5 key members and their salaries:


Samuel Marshall (Former President)
  • Compensation: $508,415
  • Related: $0
  • Other: $0
Jonathan Greer (Current President)
  • Compensation: $352,103
  • Related: $0
  • Other: $0
Noah Karn (Vice President)
  • Compensation: $144,087
  • Related: $0
  • Other: $0
Marybeth Dob (Treasurer)
  • Compensation: $200,691
  • Related: $0
  • Other: $0
Board Of Directors ((Schedule Attached))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ifpenn.org

Where can I find the form 990 for Insurance Federation Of Pennsylvania Inc?

Insurance Federation Of Pennsylvania Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.ifpenn.org

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

Mission Statement of Insurance Federation Of Pennsylvania Inc

The Insurance Federation of Pennsylvania Inc serves as a watchdog for the insurance industry within the state, diligently monitoring all legislative, regulatory, and judicial matters that could potentially impact this sector. This organization is committed to keeping its member companies informed about these issues, ensuring they are well-prepared to respond accordingly. By acting as a reliable source of information, the Insurance Federation of Pennsylvania Inc plays a crucial role in shaping the future of the Pennsylvania insurance industry.

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Impact




October, 2024

The Insurance Federation of Pennsylvania Inc significantly impacts the state's insurance industry by closely monitoring all legislation, regulatory, and judicial matters that could affect its operations. By keeping a vigilant eye on these developments, the organization ensures that member companies are well-informed about potential changes and challenges in the regulatory landscape.

This proactive approach not only helps member companies navigate complex legal environments but also enables them to respond effectively and timely to any issues arising from legislative changes. The Federation plays a critical role in advocating for the interests of the insurance sector, fostering community improvement, and enhancing the overall stability and efficiency of insurance operations in Pennsylvania. Through its efforts, it strengthens the connection between state regulators and insurance providers, ultimately benefiting consumers and the broader community.




This information is meant to be a general summary of Insurance Federation Of Pennsylvania 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.

Revenue
$1,920,766 (2023)
Expenses
$1,967,777 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $92,874
  • Gross Receipts: $1,920,766

Assets and Liabilities:

  • Total Assets: $3,469,803
  • Total Liabilities: $73,293
  • Net Assets: $3,396,510

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Organization Details

Founding Year

1926

Principal Officer

Noah Karn

Main Address

409 N 2ND ST, HARRISBURG, PA, 17101

NTEE Category

Code: S41 - Community improvement

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