Overview
What is National Insurance Crime Training Academy?
The National Insurance Crime Training Academy (NICTA) is a nonprofit organization situated in Des Plaines, Illinois. With a team of 15 dedicated individuals, NICTA focuses on delivering anti-fraud education to various sectors, including the insurance industry, law enforcement, and the general public. They achieve this objective through online courseware, which registered over 29,948 new students and 41,634 enrollments in 153,004 offerings in 2022 alone. The top courses in demand were Body Shop Fraud, Insurance Fraud Basics, Customer Service and Fraud Investigation, Introduction to Insurance Fraud Investigation, and Catastrophe Fraud. In addition to these courses, 13,342 NICTA Continuing Education (CE) certificates were processed during the year.
Official website here: www.nicta.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The National Insurance Crime Training Academy has received an 81% rating from Charity Navigator, reflecting a Three-Star status. This score is primarily derived from its strong accountability and finance practices, which are crucial for ensuring transparency and responsible management of resources. The organization has demonstrated a solid commitment to governance, with a comprehensive set of policies in place including a conflict of interest policy, whistleblower policy, and effective document management practices.
Strengths of the organization include a high program expense ratio of 90.65%, indicating that the vast majority of its funds are allocated directly to its programs rather than administrative costs. Additionally, the Academy has a low liabilities to assets ratio of 28.30%, suggesting a stable financial position. This financial health, combined with thorough audits and oversight, positions the organization favorably in terms of accountability.
While the rating is favorable, it is important for potential donors or stakeholders to consider that the rating is based solely on the accountability and finance beacon. There may be other aspects of the organization's performance or impact that are not captured in this single score. However, the comprehensive policies and financial practices reflect a responsible approach to nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is National Insurance Crime Training Academy legitimate?
National Insurance Crime Training Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Insurance Crime Training Academy 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: $137,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $203,777
For more financial information, click here
Official website here: www.nicta.org
What is the mission statement of National Insurance Crime Training Academy?
The National Insurance Crime Training Academy's mission is to offer anti-fraud education to the insurance industry, law enforcement, and the public through online courseware. This organization aims to combat fraudulent activities in the insurance sector, providing a platform for continuous learning and skill development. In 2022, the academy registered over 29,948 new students, with a total enrollment of 41,634 in 153,004 online offerings. The most popular courses included topics such as body shop fraud, insurance fraud basics, customer service and fraud investigation, and introduction to insurance fraud investigation. Furthermore, during the same year, the academy processed 13,342 continuing education credits (CE's).
Official website here: www.nicta.org
Who is the CEO of National Insurance Crime Training Academy?
Carolyn Bellisio is the Srvp/Coo of National Insurance Crime Training Academy.
Official website here: www.nicta.org
What is the revenue of National Insurance Crime Training Academy?
National Insurance Crime Training Academy's revenue in 2022 was $581,221.
Official website here: www.nicta.org
Who are the executives of National Insurance Crime Training Academy and what are their salaries?
The average compensation at National Insurance Crime Training Academy during 2022 was $22,738. There are 15 employees at National Insurance Crime Training Academy.
Here are 5 key members and their salaries:
- Compensation: $8,925
- Related: $494,300
- Other: $22,843
- Compensation: $8,025
- Related: $425,798
- Other: $23,633
- Compensation: $4,284
- Related: $333,522
- Other: $20,353
- Compensation: $114,197
- Related: $183,586
- Other: $16,456
- Compensation: $1,858
- Related: $209,273
- Other: $54,279
Official website here: www.nicta.org
Where can I find the form 990 for National Insurance Crime Training Academy?
National Insurance Crime Training Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nicta.org
Learn more at the official website: www.nicta.org
Mission Statement of National Insurance Crime Training Academy
The National Insurance Crime Training Academy, abbreviated as NICTA, is dedicated to providing anti-fraud education and training. This comprehensive institution extends its services to the insurance industry, law enforcement agencies, and the general public, utilizing online courseware as its primary medium. The academy's mission is to equip these entities with the necessary knowledge and skills to combat fraudulent activities, thereby contributing to a more secure and trustworthy insurance sector.
In 2022, NICTA registered over 29,948 new students, demonstrating its widespread appeal and relevance. The academy's offerings attracted a total of 41,634 students, who participated in 153,004 online courses. The most popular courses among these offerings included Body Shop Fraud, Insurance Fraud Basics, Customer Service and Fraud Investigation, Introduction to Insurance Fraud Investigation, and Catastrophe Fraud. Additionally, NICTA processed 13,342 continuing education (CE) credits in the same year, further highlighting its commitment to ongoing learning and professional development in the field of fraud prevention.
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Impact
July, 2024
The National Insurance Crime Training Academy (NICTA) has made a significant impact in providing anti-fraud training to the insurance industry, law enforcement, and the public through its online courseware. In 2022 alone, NICTA registered over 29,948 new students, with a total of 41,634 students enrolling in 153,004 online offerings. The top online courses during the year included topics such as body shop fraud, insurance fraud basics, customer service and fraud investigation, introduction to insurance fraud investigation, and catastrophe fraud.
Moreover, in 2022, NICTA processed 13,342 continuing education credits, further demonstrating its commitment to enhancing knowledge and skills in the field of fraud prevention and investigation. By providing specialized training in this crucial area, NICTA plays a vital role in equipping individuals with the tools and expertise necessary to combat insurance fraud effectively.
This information is meant to be a general summary of National Insurance Crime Training Academy. 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: $101
- Program Service Revenue: $580,757
- Gross Receipts: $581,221
Assets and Liabilities:
- Total Assets: $1,141,371
- Total Liabilities: $246,730
- Net Assets: $894,641
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CORPORATE LICENSE FEE
Revenue
$568,257
ON-LINE COURSE FEES
Revenue
$12,500
Organization Details
Founding Year
2001
Phone
(847) 544-7000Principal Officer
Carolyn Bellisio
Main Address
1111 E TOUHY AVE STE 400, DES PLAINES, IL, 60018
Website
www.nicta.orgNTEE Category
Code: J99 - Employment
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