Overview
What is International Workers' Compensation Foundation Inc?
International Workers' Compensation Foundation Inc is a nonprofit organization situated in Ormond Beach, Florida. Their primary focus lies in providing continuous professional education within the workers' compensation community. Through sponsoring workshops, seminars, and conferences, they offer educational credit hours to attendees. During the current fiscal year, they welcomed 1,699 participants at their virtual events. The foundation aims to foster dialogue and outreach among professionals in the workers' compensation sector, contributing to their professional development. With a small team of two employees, they successfully fulfill their mission of advocating for continued education in this field.
Official website here: www.iwcf.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The International Workers' Compensation Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a solid 84% score. This rating is based entirely on the Accountability & Finance beacon, indicating a focus on the organization's financial practices and governance. The charity demonstrates a strong independent board composition, with 100% of board members being independent, and a favorable liabilities to assets ratio of 11.99%.
Strengths include a high program expense ratio of 69.63%, suggesting that a significant portion of its resources is directed toward its mission-related activities. Additionally, the organization has a robust system for financial audits and no material diversion of assets, which highlights its commitment to financial integrity and accountability.
However, there are notable limitations in the charity's governance policies, including the absence of a conflict of interest policy, a whistleblower policy, and a document retention policy. Additionally, the charity has not posted its tax form on its website, which detracts from transparency. These gaps suggest areas where the organization could improve to enhance stakeholder trust and ethical governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is International Workers' Compensation Foundation Inc legitimate?
International Workers' Compensation Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Workers' Compensation Foundation 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: $191,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,000
For more financial information, click here
Official website here: www.iwcf.us
What is the mission statement of International Workers' Compensation Foundation Inc?
The International Workers' Compensation Foundation Inc is committed to fostering continuous professional education within the workers' compensation community. They achieve this by organizing educational conferences and encouraging dialogue among its participants. The foundation also promotes outreach to individuals involved in the workers' compensation sector. In addition, they develop and distribute educational materials and sponsor continuing education seminars, offering credit hours to attendees. During the recent fiscal year, over 1,600 individuals attended the various virtual conferences and workshops hosted by the foundation.
Official website here: www.iwcf.us
Who is the CEO of International Workers' Compensation Foundation Inc?
Bruce Q Morin is the President of International Workers' Compensation Foundation Inc.
Official website here: www.iwcf.us
What is the revenue of International Workers' Compensation Foundation Inc?
International Workers' Compensation Foundation Inc's revenue in 2022 was $897,418.
Official website here: www.iwcf.us
Who are the executives of International Workers' Compensation Foundation Inc and what are their salaries?
The average compensation at International Workers' Compensation Foundation Inc during 2022 was $125,510. There are 2 employees at International Workers' Compensation Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $191,020
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.iwcf.us
Where can I find the form 990 for International Workers' Compensation Foundation Inc?
International Workers' Compensation Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iwcf.us
Learn more at the official website: www.iwcf.us
Mission Statement of International Workers' Compensation Foundation Inc
The International Workers' Compensation Foundation Inc is committed to advancing the field of workers' compensation through continuous professional education. They achieve this by organizing workshops and conferences, serving as a platform for dialogue among participants in the workers' compensation community. The foundation also reaches out to professionals in this field, providing them with educational materials and opportunities to earn continuing education credit hours. During the recent fiscal year, over 1,600 professionals attended the virtual conferences and workshops sponsored by the foundation.
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Impact
October, 2024
International Workers' Compensation Foundation Inc significantly enhances the professional development of individuals within the workers' compensation field. By sponsoring educational conferences and workshops, the organization fosters essential dialogue among stakeholders, creating a collaborative environment that promotes best practices and continuous improvement within the industry.
Over the past fiscal year alone, the foundation facilitated attendance from 1,699 participants at various virtual conferences and workshops. This robust engagement illustrates its prominent role in addressing the evolving needs of the workers' compensation community. The development and distribution of educational materials further solidify its impact, ensuring that industry professionals are equipped with vital knowledge and insights.
Through its commitment to continuing education, the foundation not only provides educational credit hours to attendees but also cultivates a culture of lifelong learning. This empowers professionals to stay informed about the latest developments and challenges in the field, ultimately leading to improved outcomes for workers and employers alike.
This information is meant to be a general summary of International Workers' Compensation 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: $37,503
- Program Service Revenue: $859,915
- Gross Receipts: $897,418
Assets and Liabilities:
- Total Assets: $3,988,404
- Total Liabilities: $442,869
- Net Assets: $3,545,535
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CALIFORNIA ED. CONF.
Revenue
$257,525
TEXAS EDUCATIONAL CONFERENCE
Revenue
$201,550
NORTH CAROLINA ED. CONF.
Revenue
$85,775
TENNESSEE ED. CONF.
Revenue
$154,925
2000 TN PHYSICIANS ED. CONF
Revenue
$5,600
Organization Details
Founding Year
1988
Phone
(386) 677-0041Principal Officer
Bruce Q Morin
Main Address
570 MEMORIAL CIRCLE, ORMOND BEACH, FL, 321745060
Website
www.iwcf.usNTEE Category
Code: J40E - Employment
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