Overview
What is Mada Insurance Inc?
Mada Insurance Inc, based in St. Paul, Minnesota, primarily serves the Minnesota Automobile Dealers Association (MADA) and its members by offering comprehensive group insurance coverage on a fully insured basis through four different insurance companies. This initiative aims to provide essential protection for the association's employees, contributing to their overall well-being.
Is Mada Insurance Inc legitimate?
Mada Insurance Inc is a legitimate nonprofit organization registered as a 501(c)(9) entity. Mada Insurance 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mada Insurance Inc?
Mada Insurance Inc., as an organization, is dedicated to providing group insurance coverage on a fully insured basis to the members and employees of the Minnesota Automobile Dealers Association. This service is facilitated through four different insurance companies. The mission of Mada Insurance Inc. is to ensure financial protection and peace of mind for its associated members and employees, offering them comprehensive insurance coverage. By doing so, the company aims to contribute to the overall well-being and security of its clientele in the automobile dealership sector.
Who is the CEO of Mada Insurance Inc?
Scott Lambert is the Director of Mada Insurance Inc.
What is the revenue of Mada Insurance Inc?
Mada Insurance Inc's revenue in 2022 was $5,365,750.
Who are the executives of Mada Insurance Inc and what are their salaries?
There 4 volunteers at Mada Insurance Inc.
Here are 5 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: $316,558
- Other: $31,743
Where can I find the form 990 for Mada Insurance Inc?
Mada Insurance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mada Insurance Inc
Mada Insurance Inc, a group insurance provider, is dedicated to offering comprehensive coverage to members and employees of the Minnesota Automobile Dealers Association. Their mission is to provide fully insured group insurance policies through four distinguished insurance companies. This commitment ensures that the association's members and staff are protected, offering them peace of mind and financial security. Mada Insurance Inc serves as a reliable partner, safeguarding the interests of its clients with its insurance solutions.
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
Mada Insurance Inc plays a significant role in providing group insurance coverage that enhances the well-being of its members and their employees within the Minnesota automobile dealers community. By partnering with four insurance companies, Mada Insurance ensures that its members have access to comprehensive and affordable insurance options tailored to their specific needs.
This organization fosters a sense of security among automobile dealers and their workforce, mitigating financial risks associated with health issues and unexpected life events. The availability of fully insured coverage not only supports the health and wellness of employees but also contributes to the overall stability and productivity of businesses in the automotive sector. In essence, Mada Insurance Inc strengthens the collective resources of its members, promoting mutual benefit and enhancing the professional landscape for automobile dealers in Minnesota.
This information is meant to be a general summary of Mada Insurance 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: $436
- Program Service Revenue: $5,365,314
- Gross Receipts: $10,845,647
Assets and Liabilities:
- Total Assets: $73,064
- Total Liabilities: $73,064
- Net Assets: $0
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.
GROUP INS PREMIUM
Revenue
$5,365,314
Organization Details
Founding Year
1973
Phone
(651) 291-2400Principal Officer
Scott Lambert
Main Address
200 LOTHENBACH AVENUE, ST PAUL, MN, 55118
NTEE Category
Code: Y40 - Mutual benefit
If you are a representative of Mada Insurance 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.