Ohio Insurance Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 314373065 ✦ Columbus, OH ✦ Designated as a 501(c)(6)

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Overview

What is Ohio Insurance Institute?

The Ohio Insurance Institute, situated in Columbus, Ohio, serves as a platform for promoting and disseminating information about insurance to the general public. As a representative of the Ohio Property & Casualty Insurance Industry, their mission is to foster a better understanding of insurance among the public. With a team of nine dedicated individuals, they strive to advocate for the interests of the insurance industry in Ohio.


Official website here: www.ohioinsurance.org

Is Ohio Insurance Institute legitimate?

Ohio Insurance Institute is a legitimate nonprofit organization registered as a 501(c)(6) entity. Ohio Insurance Institute 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: $484,558
Professional Fundraising Fees: $0
Other Salaries and Wages: $396,551

For more financial information, click here


Official website here: www.ohioinsurance.org

What is the mission statement of Ohio Insurance Institute?

The Ohio Insurance Institute serves as a representation for the Ohio property and casualty insurance industry. Its mission is primarily focused on promoting and communicating a better understanding of insurance to the general public. Through its activities, the institution aims to bridge the gap between the public and the insurance sector, fostering a more informed and engaged community. The Ohio Insurance Institute acts as a conduit for disseminating insurance-related information to the general public, thus contributing to a more informed society.


Official website here: www.ohioinsurance.org

Who is the CEO of Ohio Insurance Institute?

Dean Fadel is the Chairman of Ohio Insurance Institute.


Official website here: www.ohioinsurance.org

What is the revenue of Ohio Insurance Institute?

Ohio Insurance Institute's revenue in 2022 was $1,824,096.


Official website here: www.ohioinsurance.org

Who are the executives of Ohio Insurance Institute and what are their salaries?

The average compensation at Ohio Insurance Institute during 2022 was $97,901. There are 9 employees at Ohio Insurance Institute.


Here are 11 key members and their salaries:


John Ammendola (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Russell (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Mcclaskey (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Day (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Thompson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Howard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Love (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Fadel (President)
  • Compensation: $293,154
  • Related: $0
  • Other: $0
Michael Farley (Vp - Govt Af)
  • Compensation: $191,404
  • Related: $0
  • Other: $0
Chuck Crist (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas J Obrokta (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ohioinsurance.org

Where can I find the form 990 for Ohio Insurance Institute?

Ohio Insurance Institute's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ohioinsurance.org

Learn more at the official website: www.ohioinsurance.org

Mission Statement of Ohio Insurance Institute

The Ohio Insurance Institute, as a representative body, is dedicated to advocating for the Ohio property and casualty insurance industry. Its mission is centered around promoting and communicating a better understanding of insurance to the general public. By doing so, the Institute aims to bridge the gap between the industry and the public, ultimately fostering a more informed and engaged society.

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Impact




October, 2024

The Ohio Insurance Institute plays a vital role in representing the Ohio property and casualty insurance industry. Its activities focus on promoting and improving public understanding of insurance among the general public. By providing essential information and resources, the Institute helps to clarify the complexities of insurance, thereby fostering a more informed community. This effort not only enhances consumer knowledge but also supports the overall stability and growth of the insurance sector in Ohio. Through its initiatives, the Institute contributes significantly to community improvement, ensuring that residents are equipped with the necessary information to navigate their insurance needs effectively.




This information is meant to be a general summary of Ohio Insurance Institute. 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.

Revenue
$1,824,096 (2022)
Expenses
$1,676,843 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,521
  • Program Service Revenue: $1,822,575
  • Gross Receipts: $1,824,096

Assets and Liabilities:

  • Total Assets: $916,176
  • Total Liabilities: $124,676
  • Net Assets: $791,500

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

DOMESTIC MEMBER DUES

Revenue

$1,434,890

ASSOCIATE MEMBER DUES

Revenue

$188,500

OAIP REIMBURSEMENT

Revenue

$144,840

AMICUS

Revenue

$34,488

AFFILIATE MEMBER DUES

Revenue

$16,800

Organization Details

Founding Year

1968

Principal Officer

Dean Fadel

Main Address

172 EAST STATE STREET SUITE 201, COLUMBUS, OH, 432150816

NTEE Category

Code: S40 - Community improvement

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