Overview
What is Illinois Insurance Association?
The Illinois Insurance Association, situated in Springfield, Illinois, is a nonprofit organization with a primary mission to promote and safeguard the insurance industry. They accomplish this by initiating and supporting programs and practices that encourage industry growth, while disseminating information and conducting educational programs to shed light on the industry's nature. This dedicated association employs a team of three individuals, working tirelessly to contribute to the insurance sector's development and better understanding.
Is Illinois Insurance Association legitimate?
Illinois Insurance Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Illinois Insurance Association 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:
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Other Salaries and Wages: $431,779
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What is the mission statement of Illinois Insurance Association?
The Illinois Insurance Association is dedicated to launching and supporting initiatives that safeguard and foster the growth of the insurance industry. One of their primary objectives is to disseminate information and conduct educational programs, aiming to enhance understanding of the industry's nature. Their activities are centered around protecting and promoting the insurance sector, which they accomplish through various programs and practices.
Who is the CEO of Illinois Insurance Association?
Joshua Johnson is the Chair of Illinois Insurance Association.
What is the revenue of Illinois Insurance Association?
Illinois Insurance Association's revenue in 2022 was $853,409.
Who are the executives of Illinois Insurance Association and what are their salaries?
The average compensation at Illinois Insurance Association during 2022 was $143,926. There are 3 employees at Illinois Insurance Association.
Here are 25 key members and their salaries:
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- Compensation: $296,296
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- Other: $58,454
Where can I find the form 990 for Illinois Insurance Association?
Illinois Insurance Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Illinois Insurance Association
The Illinois Insurance Association, as a nonprofit organization, is committed to initiating and supporting programs and practices that safeguard and promote the growth of the insurance industry. Its mission extends beyond just protecting the industry; it also involves disseminating information and conducting educational programs to enhance understanding of the industry's nature. This organization serves as a catalyst, fostering initiatives and practices that benefit the insurance sector, thereby contributing to its overall health and development.
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Impact
October, 2024
The Illinois Insurance Association plays a crucial role in advocating for and supporting the insurance industry within the state. By initiating and promoting programs and practices that foster the growth and protection of this sector, the Association helps to ensure a stable insurance market for consumers and businesses alike.
Through its dedicated efforts to disseminate information, the Association enhances public understanding of the insurance industry, which is vital for informed decision-making by consumers. Additionally, the educational programs offered by the Association aim to equip stakeholders with the knowledge necessary to navigate the complexities of insurance.
Based in Springfield, Illinois, the Illinois Insurance Association not only contributes to the community's growth by strengthening the insurance industry but also centers its mission around the encouragement and protection of this essential service sector. This commitment underpins the overall well-being of the insurance landscape in Illinois, ultimately benefiting the broader community.
This information is meant to be a general summary of Illinois Insurance Association. 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: $13,674
- Program Service Revenue: $839,735
- Gross Receipts: $853,409
Assets and Liabilities:
- Total Assets: $1,345,949
- Total Liabilities: $356,795
- Net Assets: $989,154
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$809,750
HOTLINE ASSESSMENTS
Revenue
$29,985
Organization Details
Phone
(217) 789-1010Principal Officer
Joshua Johnson
Main Address
217 E MONROE STREET SUITE 110, SPRINGFIELD, IL, 62701
NTEE Category
Code: S41 - Community improvement
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