University Insurance Association

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

EIN: 396077530 ✦ Madison, WI ✦ Designated as a 501(c)(4)

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Overview

What is University Insurance Association?

The University Insurance Association, located at 660 W Washington Street 201, Madison, Wisconsin 53703, is a nonprofit organization. Its primary mission is to provide decreasing term life insurance benefits for a total of 26,853 individuals who are either current or former employees of the University of Wisconsin System. This is done under a group policy, offering insurance at group rates. By doing so, the association aims to provide financial security for its members during challenging times.


Official website here: www.wisconsin.edu/ohrwd/benefits/life/uia

Is University Insurance Association legitimate?

University Insurance Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. University 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.wisconsin.edu/ohrwd/benefits/life/uia

What is the mission statement of University Insurance Association?

The University Insurance Association's mission is to offer decreasing term life insurance to eligible faculty, academic staff, and limited appointees under a group policy, providing them with this coverage at group rates. Their primary activity is to provide life insurance premiums for over 26,853 individuals who are either current or former employees of the University of Wisconsin System. The association aims to make this type of insurance more accessible and affordable for its targeted group.


Official website here: www.wisconsin.edu/ohrwd/benefits/life/uia

Who is the CEO of University Insurance Association?

William Maas is the President of University Insurance Association.


Official website here: www.wisconsin.edu/ohrwd/benefits/life/uia

What is the revenue of University Insurance Association?

University Insurance Association's revenue in 2022 was $661,166.


Official website here: www.wisconsin.edu/ohrwd/benefits/life/uia

Who are the executives of University Insurance Association and what are their salaries?

There 8 volunteers at University Insurance Association.


Here are 9 key members and their salaries:


William Maas (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristopher Presler (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janelle Crowley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Raunio (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Beyer (Director (Thru May 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0
William Ogden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Riedl-Farrey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Roesler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carey Woodward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wisconsin.edu/ohrwd/benefits/life/uia

Where can I find the form 990 for University Insurance Association?

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


Official website here: www.wisconsin.edu/ohrwd/benefits/life/uia

Learn more at the official website: www.wisconsin.edu/ohrwd/benefits/life/uia

Mission Statement of University Insurance Association

University Insurance Association, in its mission, aims to provide decreasing term life insurance coverage to eligible faculty, academic staff, and limited appointees. They offer this insurance under a group policy, allowing individuals to benefit from group rates. The association's primary activity is centered around this insurance provision, ensuring that a significant number of current and former employees of the University of Wisconsin System can secure life insurance benefits. With premiums collected for this coverage, the University Insurance Association serves as a vital resource for these individuals, offering them peace of mind and financial security.

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Impact




October, 2024

University Insurance Association significantly impacts the financial security of current and former employees of the University of Wisconsin System by providing access to decreasing term life insurance at group rates. This initiative benefits 26,853 individuals, ensuring they have affordable insurance coverage tailored to their needs. By offering a group policy, the association makes it possible for eligible faculty, academic staff, and limited appointees to secure life insurance solutions that may otherwise be cost-prohibitive. This access not only promotes peace of mind among employees and their families but also fosters a supportive community by enhancing the overall well-being of those connected to the university.




This information is meant to be a general summary of University 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.

Revenue
$661,166 (2022)
Expenses
$1,050,267 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $10,927
  • Program Service Revenue: $650,239
  • Gross Receipts: $661,166

Assets and Liabilities:

  • Total Assets: $793,844
  • Total Liabilities: $0
  • Net Assets: $793,844

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Programs

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

INSURANCE PREMIUMS

Revenue

$650,239

Organization Details

Founding Year

1939

Principal Officer

William Maas

Main Address

660 W WASHINGTON STREET 201, MADISON, WI, 53703

NTEE Category

Code: Y20Z - Mutual benefit

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