Overview
What is Ochsner System Protection Company?
Ochsner System Protection Company, situated in New Orleans, Louisiana, functions as a pure captive insurance company. Its primary role is to offer commercial property insurance for the Ochsner Clinic Foundation, a related 501(c)(3) organization. Despite not issuing new policies in 2020, Ochsner System Protection Company may extend its services to other 501(c)(3) organizations in the future. The company's mission is to provide support to these affiliated organizations by acting as a captive insurer, pooling resources to ensure protection as a group.
Official website here: www.ochsner.org
Is Ochsner System Protection Company legitimate?
Ochsner System Protection Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ochsner System Protection Company 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
Official website here: www.ochsner.org
What is the mission statement of Ochsner System Protection Company?
Ochsner System Protection Company, as a pure captive insurer, does not have a formally adopted mission statement. Its primary function is to provide support by offering commercial property insurance to supported organizations, such as Ochsner Clinic Foundation, as a group. Although it did not issue new policies in 2020, the company maintains the potential to provide insurance coverage to related 501(c)(3) organizations in the future.
Official website here: www.ochsner.org
Who is the CEO of Ochsner System Protection Company?
Unavailable
Official website here: www.ochsner.org
What is the revenue of Ochsner System Protection Company?
Ochsner System Protection Company's revenue in 2020 was $1,169.
Official website here: www.ochsner.org
Who are the executives of Ochsner System Protection Company and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $287,804
- Other: $12,890
- Compensation: $0
- Related: $1,423,170
- Other: $13,693
- Compensation: $0
- Related: $1,025,068
- Other: $13,810
- Compensation: $0
- Related: $324,694
- Other: $14,943
- Compensation: $0
- Related: $5,097,353
- Other: $10,508
Official website here: www.ochsner.org
Where can I find the form 990 for Ochsner System Protection Company?
Ochsner System Protection Company's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.ochsner.org
Learn more at the official website: www.ochsner.org
Mission Statement of Ochsner System Protection Company
Ochsner System Protection Company, as a pure captive insurer, does not have a formally adopted mission statement. However, its primary activity is to provide support by offering commercial property insurance to related 501(c)(3) organizations, such as the Ochsner Clinic Foundation, acting as their insurance provider within a group setting. While Ochsner System Protection Company did not issue new policies in 2020, it remains prepared to provide insurance coverage to additional 501(c)(3) organizations in the future, furthering its role as a supportive insurance provider within the nonprofit sector.
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Impact
October, 2024
Ochsner System Protection Company plays a crucial role in the financial stability of related organizations by acting as a captive insurer. Its primary function is to provide commercial property insurance, particularly for the Ochsner Clinic Foundation in New Orleans, Louisiana. By offering these insurance services, OSPC helps mitigate risks and provides a safety net for its affiliates, enabling them to focus more on their core healthcare missions without the constant concern of property-related liabilities.
While OSPC did not write new policies in 2020, its capability to issue policies in the future remains significant for the sustainability of related 501(c)(3) organizations that rely on this support. This mutual benefit fosters a collaborative ecosystem where affiliated organizations can thrive, knowing their insurance needs are being met within a cohesive, supportive framework.
This information is meant to be a general summary of Ochsner System Protection Company. 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 2020.
- Investment Income: $1,169
- Gross Receipts: $1,169
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2009
Phone
(504) 842-4097Main Address
1514 Jefferson Highway BH 546, New Orleans, LA, 70121
Website
www.ochsner.orgNTEE Category
Code: Y20 - Mutual benefit
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