Overview
What is Illinois Association Of Mutual Insu?
The Illinois Association of Mutual Insurance, with its headquarters in Ohlman, Illinois, is a nonprofit organization that serves to foster cooperation and communication among insurance companies operating within the state. With a team of three dedicated individuals, its primary mission is to promote collaboration and open dialogue between these companies, aiming to enhance their collective efficiency and effectiveness in the Illinois insurance market. The association does not provide direct services to individuals or families, but instead focuses on facilitating communication and cooperation among insurance companies, thereby contributing to a more harmonious and efficient insurance landscape in the state.
Is Illinois Association Of Mutual Insu legitimate?
Illinois Association Of Mutual Insu is a legitimate nonprofit organization registered as a 501(c)(6) entity. Illinois Association Of Mutual Insu 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: $89,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,999
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What is the mission statement of Illinois Association Of Mutual Insu?
The Illinois Association of Mutual Insurance aims to foster cooperation and communication among insurance companies operating within the state. This organization's primary goal is to promote a collaborative environment, allowing these companies to work together effectively. This collaboration is instrumental in enhancing their collective operations and ensuring they can serve their customers more efficiently. By encouraging dialogue and teamwork, the association aims to contribute positively to the overall insurance industry within Illinois.
Who is the CEO of Illinois Association Of Mutual Insu?
Jackie Rakers is the Executive Director of Illinois Association Of Mutual Insu.
What is the revenue of Illinois Association Of Mutual Insu?
Illinois Association Of Mutual Insu's revenue in 2023 was $527,048.
Who are the executives of Illinois Association Of Mutual Insu and what are their salaries?
The average compensation at Illinois Association Of Mutual Insu during 2023 was $40,716. There are 3 employees at Illinois Association Of Mutual Insu.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Illinois Association Of Mutual Insu?
Illinois Association Of Mutual Insu's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Illinois Association Of Mutual Insu
Illinois Association of Mutual Insurance, as an organization, strives to foster collaboration and open dialogue between insurance companies operating within Illinois. Their primary mission is to encourage and facilitate this cooperation and communication, aiming to create a harmonious and productive environment among these businesses. By doing so, the association seeks to enhance the overall operations and effectiveness of the insurance industry in the state.
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Impact
October, 2024
The Illinois Association of Mutual Insu plays a crucial role in fostering collaboration and enhancing communication among insurance companies operating in Illinois. By promoting an environment of cooperation, it helps to improve industry standards, share best practices, and address common challenges faced by insurers. This collective effort not only strengthens individual organizations but also contributes to a more resilient insurance sector within the state.
The Association's focus on community improvement ensures that member companies remain engaged with local needs and concerns, ultimately leading to better service offerings for policyholders. Through efficient communication channels, the Illinois Association of Mutual Insu facilitates discussions that help members stay informed about regulatory changes, industry trends, and emerging risks, which directly impacts their ability to provide quality insurance solutions. Consequently, the impact of the Association is reflected in a more robust and responsive insurance landscape in Illinois.
This information is meant to be a general summary of Illinois Association Of Mutual Insu. 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 2023.
- Investment Income: $27,432
- Program Service Revenue: $237,371
- Gross Receipts: $624,448
Assets and Liabilities:
- Total Assets: $866,079
- Total Liabilities: $5,263
- Net Assets: $860,816
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEETINGS AND SEMINARS
Revenue
$237,371
Organization Details
Founding Year
1881
Principal Officer
Jackie Rakers
Main Address
PO BOX 116, OHLMAN, IL, 62076
NTEE Category
Code: S40 - Community improvement
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