Overview
What is Middle Atlantic Catholic Risk Management Group?
Middle Atlantic Catholic Risk Management Group, abbreviated as MACRMG, is a nonprofit organization established with the primary objective of procuring group insurance policies for four institutions of higher education. Based in Philadelphia, Pennsylvania, the group operates with a mission to provide beneficial insurance coverage for these educational institutions. The information provided does not contain details about the specific services or programs offered by MACRMG beyond insurance procurement.
Is Middle Atlantic Catholic Risk Management Group legitimate?
Middle Atlantic Catholic Risk Management Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Middle Atlantic Catholic Risk Management Group 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
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What is the mission statement of Middle Atlantic Catholic Risk Management Group?
The Middle Atlantic Catholic Risk Management Group, often referred to as MACRMG, was established with the primary objective of procuring group insurance benefits. Specifically, it was formed to provide insurance coverage for four institutions of higher education. The group's mission is centered around the acquisition of insurance policies, aiming to offer protection and financial security to the participating educational institutions.
Who is the CEO of Middle Atlantic Catholic Risk Management Group?
Helen T Schneider is the President of Middle Atlantic Catholic Risk Management Group.
What is the revenue of Middle Atlantic Catholic Risk Management Group?
Middle Atlantic Catholic Risk Management Group's revenue in 2022 was $3,868,333.
Who are the executives of Middle Atlantic Catholic Risk Management Group and what are their salaries?
There 4 volunteers at Middle Atlantic Catholic Risk Management Group.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Middle Atlantic Catholic Risk Management Group?
Middle Atlantic Catholic Risk Management Group's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Middle Atlantic Catholic Risk Management Group
Middle Atlantic Catholic Risk Management Group, often referred to as MACRMG, was established with a particular mission in mind. This organization was formed with the objective of procuring group insurance policies for a select group of four institutions of higher education. By pooling their resources, these educational institutions can benefit from collective risk management and potentially lower insurance premiums. The primary purpose of MACRMG is to ensure the financial security and protection of these institutions, thereby providing a stable environment for their students and staff.
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Impact
October, 2024
The Middle Atlantic Catholic Risk Management Group (MACRMG) significantly impacts the landscape of higher education in the Middle Atlantic region by providing essential risk management solutions. By facilitating the acquisition of group insurance for four institutions of higher education, MACRMG helps mitigate financial risks associated with unforeseen events, ensuring that these institutions can operate smoothly and focus on their educational missions.
Through collaborative purchasing power, MACRMG enhances the affordability and accessibility of comprehensive insurance options, enabling member institutions to allocate resources more effectively towards student services and academic programs. This strategic approach allows educational organizations to maintain stability and foster a secure environment, ultimately benefitting students, faculty, and the broader community.
Furthermore, MACRMG’s efforts contribute to strengthening the resilience of these institutions by implementing best practices in risk management. By addressing potential liabilities and enhancing safety protocols, MACRMG plays a pivotal role in safeguarding the future of higher education in the region, allowing these institutions to thrive amidst the evolving challenges of the educational landscape.
This information is meant to be a general summary of Middle Atlantic Catholic Risk Management Group. 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.
- Program Service Revenue: $3,868,297
- Gross Receipts: $3,868,333
Assets and Liabilities:
- Total Assets: $12,000
- Total Liabilities: $0
- Net Assets: $12,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE CONTRIBUTION
Revenue
$3,868,297
Organization Details
Founding Year
1998
Phone
(610) 660-1331Principal Officer
Helen T Schneider
Main Address
5600 CITY AVENUE, PHILADELPHIA, PA, 19131
NTEE Category
Code: B99I - Education
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