Overview
What is Life Insurance Association Of Massachusetts Inc?
Life Insurance Association of Massachusetts Inc, situated in Boston, Massachusetts, serves as an advocate for its insurance industry members. With a small team of two employees, this nonprofit organization engages in state regulatory and legislative matters, advocating for positions that foster a favorable business environment for its member companies, enabling their prosperity.
Official website here: www.liam.org
Is Life Insurance Association Of Massachusetts Inc legitimate?
Life Insurance Association Of Massachusetts Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Life Insurance Association Of Massachusetts 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: $628,332
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Official website here: www.liam.org
What is the mission statement of Life Insurance Association Of Massachusetts Inc?
The Life Insurance Association of Massachusetts Inc. serves as a collective representation for its membership, advocating for positions that foster a conducive business environment where its member companies can thrive. Their mission is to advise and support the insurance industry on state regulatory and legislative matters, aiming to maintain a favorable climate for their member companies' prosperity.
Official website here: www.liam.org
Who is the CEO of Life Insurance Association Of Massachusetts Inc?
Luke Dillon is the Treasurer of Life Insurance Association Of Massachusetts Inc.
Official website here: www.liam.org
What is the revenue of Life Insurance Association Of Massachusetts Inc?
Life Insurance Association Of Massachusetts Inc's revenue in 2022 was $954,019.
Official website here: www.liam.org
Who are the executives of Life Insurance Association Of Massachusetts Inc and what are their salaries?
The average compensation at Life Insurance Association Of Massachusetts Inc during 2022 was $314,166. There are 2 employees at Life Insurance Association Of Massachusetts Inc.
Here are 9 key members and their salaries:
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- Compensation: $371,799
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- Compensation: $217,615
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Official website here: www.liam.org
Where can I find the form 990 for Life Insurance Association Of Massachusetts Inc?
Life Insurance Association Of Massachusetts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.liam.org
Learn more at the official website: www.liam.org
Mission Statement of Life Insurance Association Of Massachusetts Inc
The Life Insurance Association of Massachusetts Inc serves as a representative for its collective membership, advocating for positions that establish and maintain a favorable business climate where its member companies can thrive. In essence, its mission is to advocate on behalf of its insurance industry members, influencing state regulatory and legislative matters in a way that fosters a prosperous business environment. The association provides valuable advice and assistance to the insurance industry, playing a crucial role in shaping the regulatory landscape and ensuring that the interests of its members are well-represented.
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Impact
October, 2024
The Life Insurance Association of Massachusetts Inc plays a critical role in the state's insurance landscape by representing its member companies and advocating for policies that foster a favorable business environment. By actively engaging with state regulatory and legislative matters, the association aids the insurance industry in navigating the complexities of regulations that impact their operations.
Through its advocacy efforts, the association helps to create a supportive climate in which its members can thrive, ultimately leading to more stable and competitive insurance offerings for consumers. This impact is significant not only for the member companies but also for the wider community, as it contributes to the overall health of the insurance market in Massachusetts. The association's activities facilitate communication and collaboration among insurers, enhancing the sector's capacity to adapt to changing market conditions and emerging challenges.
This information is meant to be a general summary of Life Insurance Association Of Massachusetts 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: $539
- Program Service Revenue: $953,480
- Gross Receipts: $954,019
Assets and Liabilities:
- Total Assets: $551,476
- Total Liabilities: $21,353
- Net Assets: $530,123
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL ASSESSMENTS
Revenue
$953,480
Organization Details
Founding Year
1974
Phone
(617) 375-9200Principal Officer
Luke Dillon
Main Address
20 PARK PLAZA 630, BOSTON, MA, 02116
Website
www.liam.orgNTEE Category
Code: Y20 - Mutual benefit
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