Overview
What is International Insurance Society Inc?
International Insurance Society Inc, headquartered in New York City, is a distinguished nonprofit organization. Its primary mission is to foster the global exchange of ideas and innovations in the insurance industry by bringing together executives and academics from around the world. This is accomplished through an annual seminar, where educational programs are delivered and individuals who have significantly contributed to the industry are recognized. Furthermore, research roundtables are sponsored to promote the development of global insurance concepts. The organization's activities aim to facilitate the formation of personal networks across various insurance markets, thus promoting a worldwide exchange of knowledge and best practices.
Official website here: www.internationalinsurance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 66%)
International Insurance Society Inc has received a mixed evaluation, with a Charity Navigator score of 66%, indicating significant areas for improvement. The organization has excelled in its financial oversight practices, as demonstrated by a perfect score in audit and oversight committee performance, along with the absence of material diversion of assets. However, it falls short in several key governance areas, notably lacking independent board members and a small board size, which are critical for a diverse and effective oversight.
While the charity demonstrates good practices in certain policies such as conflict of interest and whistleblower protections, it struggles with transparency as indicated by its failure to post its tax form on its website. This is a significant consideration for potential donors and stakeholders who value open access to financial information. Furthermore, the organization's liabilities to assets ratio raises concerns about its financial health and sustainability.
Overall, while International Insurance Society Inc has strengths in financial management and compliance, the need for improvement in governance and transparency is evident. Addressing these limitations could enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is International Insurance Society Inc legitimate?
International Insurance Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Insurance Society 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
Official website here: www.internationalinsurance.org
What is the mission statement of International Insurance Society Inc?
The International Insurance Society Inc's mission is to facilitate the global exchange of ideas and innovations in the insurance sector. They achieve this by organizing educational programs for executives and academics from various insurance markets worldwide. This endeavor is a collaborative effort between leading professionals and scholars, aiming to foster the development of personal networks across international insurance markets. The society also recognizes individuals who have made significant contributions to the insurance industry and society, and sponsors research roundtables to stimulate the creation of global insurance concepts.
Official website here: www.internationalinsurance.org
Who is the CEO of International Insurance Society Inc?
Peter L Miller is the President & Ceo of International Insurance Society Inc. The CEO's salary of International Insurance Society Inc is $0 and their total compensation is $2,659,396.
Official website here: www.internationalinsurance.org
What is the revenue of International Insurance Society Inc?
International Insurance Society Inc's revenue in 2022 was $1,041,702.
Official website here: www.internationalinsurance.org
Who are the executives of International Insurance Society Inc and what are their salaries?
Here are 6 key members and their salaries (International Insurance Society Inc's CEO's salary is $0 and their total compensation is $2,659,396):
- Compensation: $0
- Related: $2,444,478
- Other: $214,918
- Compensation: $0
- Related: $762,188
- Other: $58,285
- Compensation: $0
- Related: $448,924
- Other: $65,035
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.internationalinsurance.org
Where can I find the form 990 for International Insurance Society Inc?
International Insurance Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.internationalinsurance.org
Learn more at the official website: www.internationalinsurance.org
Mission Statement of International Insurance Society Inc
The International Insurance Society Inc, a prominent organization, is dedicated to facilitating the global exchange of ideas and innovations in the insurance sector. Its mission is to serve as a platform for leading executives and academics worldwide, fostering a collaborative environment where they can share knowledge and develop personal networks across various insurance markets. By bringing together influential figures from the industry, the International Insurance Society Inc aims to promote the development of forward-thinking concepts in insurance, thereby contributing to the betterment of the industry and society at large. Through its annual seminar and various educational programs, the organization recognizes individuals who have made significant contributions to the insurance industry and society, while also sponsoring research roundtables to cultivate the growth of global insurance concepts.
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Impact
October, 2024
International Insurance Society Inc plays a critical role in the global insurance industry by fostering collaboration and knowledge exchange among insurance executives and academics. Through its annual seminar, it brings together leaders from various sectors to share educational programs, recognize outstanding contributions, and promote innovation in the field. This organization serves as a platform for developing personal networks and facilitating the transfer of ideas and innovations across diverse insurance markets. Its focus on research roundtables further encourages the advancement of global insurance concepts, making it a significant contributor to the industry's growth and evolution. By bridging the gap between academia and practice, International Insurance Society Inc enhances the overall knowledge base and effectiveness of professionals within the insurance landscape.
This information is meant to be a general summary of International Insurance Society 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: $850
- Program Service Revenue: $1,026,435
- Gross Receipts: $1,041,702
Assets and Liabilities:
- Total Assets: $962,818
- Total Liabilities: $4,961,067
- Net Assets: -$3,998,249
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$431,975
EDUCATIONAL EVENTS
Revenue
$594,460
Organization Details
Founding Year
1965
Phone
(212) 277-5164Principal Officer
Peter L Miller
Main Address
101 ASTOR PLACE Suite 202, NEW YORK, NY, 10003
NTEE Category
Code: Y20C - Mutual benefit
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