Overview
What is New York Insurance Scholarship Foundation Inc?
The New York Insurance Scholarship Foundation, situated in Albany, NY, is a nonprofit organization that extends financial support to individuals passionate about pursuing careers in the insurance sector. They grant scholarships worth $12,500 and supplement this aid with additional assistance, covering license and permit fees, investing expenses, travel and accommodation costs, and necessary supplies, amounting to $16,224. Their primary mission is to empower aspiring insurance professionals, ensuring they can embark on their careers with minimal financial constraints.
Is New York Insurance Scholarship Foundation Inc legitimate?
New York Insurance Scholarship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Insurance Scholarship Foundation Inc submitted a form 990EZ, 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.
What is the mission statement of New York Insurance Scholarship Foundation Inc?
The New York Insurance Scholarship Foundation's mission is centered around providing financial aid to individuals pursuing careers in the insurance field. The foundation offers scholarships totaling $12,500 and additional assistance for various expenses related to their studies, such as license and permit fees, travel, lodging, and supplies, amounting to $16,224. The primary objective of the foundation is to support the educational and professional growth of individuals in the insurance business.
Who is the CEO of New York Insurance Scholarship Foundation Inc?
Jeffrey Rice is the Treasurer of New York Insurance Scholarship Foundation Inc.
What is the revenue of New York Insurance Scholarship Foundation Inc?
New York Insurance Scholarship Foundation Inc's revenue in 2022 was $29,220.
Who are the executives of New York Insurance Scholarship Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for New York Insurance Scholarship Foundation Inc?
New York Insurance Scholarship Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of New York Insurance Scholarship Foundation Inc
New York Insurance Scholarship Foundation, as its name suggests, is an organization dedicated to supporting individuals pursuing careers in the insurance business. Its primary mission is to provide financial aid in the form of scholarships worth $12,500. Beyond this, the foundation offers additional assistance with expenses such as license and permit fees, investing costs, travel, and necessary supplies, totaling an extra $16,224. In essence, the New York Insurance Scholarship Foundation serves to alleviate some of the financial burdens associated with studying and entering the insurance industry, thereby fostering the growth and success of future professionals in this field.
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Impact
October, 2024
The New York Insurance Scholarship Foundation Inc significantly impacts individuals pursuing careers in the insurance industry by providing essential financial support. It offers scholarships totaling $12,500 specifically for those studying insurance-related fields, eliminating barriers to education and professional growth. Additionally, the foundation extends assistance with necessary licensing and permits, investment fees, travel, lodging, and educational supplies, amounting to a total of $16,224 in financial aid.
By addressing the various costs associated with entering the insurance profession, the foundation enables aspiring insurance professionals to focus on their studies and career development without the burden of financial strain. This support not only fosters the next generation of talent within the insurance sector but also helps to ensure a well-trained workforce that can contribute effectively to the industry. The foundation's dedicated efforts to cultivate education in insurance highlight its role as a catalyst for positive change in the professional landscape of New York.
This information is meant to be a general summary of New York Insurance Scholarship Foundation 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: $6,570
- Gross Receipts: $29,220
Assets and Liabilities:
- Total Assets: $307,796
- Total Liabilities: $0
- Net Assets: $307,796
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Organization Details
Phone
(518) 432-4227Principal Officer
Jeffrey Rice
Main Address
130 WASHINGTON AVENUE, ALBANY, NY, 12210
NTEE Category
Code: B82 - Education
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