Overview
What is Minnesota Workers Compensation Insurers Association Inc?
Minnesota Workers Compensation Insurers Association Inc is a not-for-profit organization based in Minneapolis, Minnesota. Its primary mission is to support insurance companies licensed to provide workers' compensation insurance within the state, ensuring they adhere to statutory requirements. The association offers services and information to its members, as mandated by Minnesota laws. With a team of 37 employees, it aims to facilitate regulatory compliance and provide necessary resources for its members.
Official website here: www.mwcia.org
Is Minnesota Workers Compensation Insurers Association Inc legitimate?
Minnesota Workers Compensation Insurers Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Minnesota Workers Compensation Insurers Association 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: $1,027,154
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,439,139
For more financial information, click here
Official website here: www.mwcia.org
What is the mission statement of Minnesota Workers Compensation Insurers Association Inc?
The Minnesota Workers Compensation Insurers Association Inc, established as a not-forprofit corporation, is committed to serving its member insurance companies. It provides necessary activities and services in compliance with the stipulations of Minnesota statutes, acting as a data service organization. Specifically, the association assists insurance companies licensed to write workers' compensation insurance in Minnesota, enabling them to adhere to statutory requirements.
Official website here: www.mwcia.org
What is the revenue of Minnesota Workers Compensation Insurers Association Inc?
Minnesota Workers Compensation Insurers Association Inc's revenue in 2023 was $8,246,453.
Official website here: www.mwcia.org
Who are the executives of Minnesota Workers Compensation Insurers Association Inc and what are their salaries?
The average compensation at Minnesota Workers Compensation Insurers Association Inc during 2023 was $88,879. There are 39 employees at Minnesota Workers Compensation Insurers Association Inc.
Here are 21 key members and their salaries:
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- Compensation: $286,269
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- Other: $62,571
- Compensation: $211,832
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- Other: $62,933
- Compensation: $269,614
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- Other: $52,387
- Compensation: $173,320
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- Other: $39,257
- Compensation: $86,119
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- Other: $37,429
- Compensation: $104,398
- Related: $0
- Other: $30,550
- Compensation: $119,356
- Related: $0
- Other: $47,807
- Compensation: $103,149
- Related: $0
- Other: $41,339
- Compensation: $119,682
- Related: $0
- Other: $24,276
- Compensation: $121,260
- Related: $0
- Other: $35,009
- Compensation: $148,642
- Related: $0
- Other: $0
Official website here: www.mwcia.org
Where can I find the form 990 for Minnesota Workers Compensation Insurers Association Inc?
Minnesota Workers Compensation Insurers Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mwcia.org
Learn more at the official website: www.mwcia.org
Mission Statement of Minnesota Workers Compensation Insurers Association Inc
Minnesota Workers Compensation Insurers Association Inc, a not-for-profit corporation, is established with a mission to cater to its member insurance companies. This organization is required and permitted, under the provisions of Minnesota Statutes, to provide specific services and information. Its primary objective is to assist these companies licensed to write workers' compensation insurance in Minnesota, enabling them to comply with statutory requirements. By offering these services, Minnesota Workers Compensation Insurers Association Inc plays a vital role in ensuring that insurance companies adhere to the regulations set forth in the state.
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Impact
October, 2024
The Minnesota Workers Compensation Insurers Association Inc plays a crucial role in the workers' compensation insurance landscape in Minnesota. By providing essential services and information to insurers licensed to write workers' compensation policies, it ensures that these companies can meet the statutory requirements set forth in state law. This support not only facilitates compliance but also enhances the overall efficiency and effectiveness of the workers' compensation system. As a result, injured workers receive timely benefits, employers are better equipped to manage their liabilities, and the insurance industry operates more smoothly. The Association's activities ultimately contribute to improved workplace safety and financial stability for businesses in Minnesota, fostering a healthier community and economy.
This information is meant to be a general summary of Minnesota Workers Compensation Insurers Association 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 2023.
- Investment Income: $142,648
- Program Service Revenue: $8,079,582
- Gross Receipts: $8,246,453
Assets and Liabilities:
- Total Assets: $4,780,286
- Total Liabilities: $4,469,776
- Net Assets: $310,510
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER ASSESSMENTS
Revenue
$7,392,645
ASSIGNED RISK SERVICE
Revenue
$530,826
SERVICES & OTHER INC
Revenue
$87,287
U.S.P. FINES
Revenue
$65,080
PAPER PROCESSING FEES
Revenue
$3,744
Organization Details
Founding Year
1983
Principal Officer
Jennifer Wolf
Website
www.mwcia.orgNTEE Category
Code: S41 - Community improvement
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