Insurance Federation Of Minnesota

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

EIN: 410825288 ✦ Maple grove, MN ✦ Designated as a 501(c)(6)

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Overview

What is Insurance Federation Of Minnesota?

The Insurance Federation of Minnesota is a nonprofit organization situated in Maple Grove, Minnesota. With a modest workforce of just two individuals, they dedicate their efforts to advocate for both insurers and consumers, striving to enhance business conditions within the insurance industry in the state. Their mission is to serve as a platform for advocacy, aiming to foster a conducive environment for the insurance sector. Their activities primarily encompass various services tailored to the needs of their member institutions, aiming to improve the overall performance and influence of the insurance industry in Minnesota.


Official website here: www.insurancefederationmn.org

Is Insurance Federation Of Minnesota legitimate?

Insurance Federation Of Minnesota is a legitimate nonprofit organization registered as a 501(c)(6) entity. Insurance Federation Of Minnesota 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: $506,853
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.insurancefederationmn.org

What is the mission statement of Insurance Federation Of Minnesota?

The Insurance Federation of Minnesota's mission, as stated, involves advocating on behalf of insurers and consumers to enhance business conditions within the insurance industry. This organization actively works towards improving the insurance sector by providing various services to its members, aiming to positively impact the insurance industry in the state of Minnesota.


Official website here: www.insurancefederationmn.org

Who is the CEO of Insurance Federation Of Minnesota?

Aaron Cocking is the President of Insurance Federation Of Minnesota.


Official website here: www.insurancefederationmn.org

What is the revenue of Insurance Federation Of Minnesota?

Insurance Federation Of Minnesota's revenue in 2022 was $792,311.


Official website here: www.insurancefederationmn.org

Who are the executives of Insurance Federation Of Minnesota and what are their salaries?

The average compensation at Insurance Federation Of Minnesota during 2022 was $253,426. There are 2 employees and 18 volunteers at Insurance Federation Of Minnesota.


Here are 20 key members and their salaries:


Aaron Cocking (President)
  • Compensation: $263,479
  • Related: $0
  • Other: $63,139
Mark E Kulda (Vp Public Af)
  • Compensation: $124,347
  • Related: $0
  • Other: $53,260
Paul Ablan (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Miller (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Happe (Ex-Off Sec/T)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Axvig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Merideth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Rarig (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Sather (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Hellie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jess Alanis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Krumwiede (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jody Lawnsdail (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Muckenhirn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Peterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Steele (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Long (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Knutson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicky Rizzolo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eden Pearson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.insurancefederationmn.org

Where can I find the form 990 for Insurance Federation Of Minnesota?

Insurance Federation Of Minnesota's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.insurancefederationmn.org

Learn more at the official website: www.insurancefederationmn.org

Mission Statement of Insurance Federation Of Minnesota

The Insurance Federation of Minnesota, as an organization, advocates on behalf of both insurers and consumers with the aim of enhancing business conditions in the insurance industry. Their mission is centered around improving the overall landscape of the insurance sector within the state of Minnesota. They provide various services tailored to their member's needs, with the ultimate goal of fostering a more robust and efficient insurance industry. The Federation's activities are geared towards advocating for policies and regulations that are beneficial to both insurers and consumers, ultimately contributing to a thriving insurance market in Minnesota.

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Impact




October, 2024

The Insurance Federation of Minnesota plays a crucial role in shaping the insurance landscape in the state. By advocating for both insurers and consumers, it aims to enhance the overall business conditions within the insurance industry. This dual focus not only promotes fairness and transparency in insurance practices but also drives improvements that benefit the broader community.

Operating from Maple Grove, the federation provides a variety of services tailored to its members, ensuring that they are equipped to navigate the complexities of the industry. These services help establish best practices, facilitate communication, and foster collaboration among stakeholders, thereby contributing to a more efficient and effective insurance market.

Through its advocacy efforts, the federation influences policies and regulations that affect both the insurance sector and the consumers it serves. This work promotes a sustainable insurance environment that ultimately leads to better protection for consumers and a more resilient industry. The Insurance Federation of Minnesota’s impact is felt in improved business conditions that encourage growth and innovation, benefiting all Minnesotans.




This information is meant to be a general summary of Insurance Federation Of Minnesota. 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
$792,311 (2022)
Expenses
$744,874 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,678
  • Program Service Revenue: $787,633
  • Gross Receipts: $794,569

Assets and Liabilities:

  • Total Assets: $507,179
  • Total Liabilities: $53,669
  • Net Assets: $453,510

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Programs

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

MEMBERSHIP DUES

Revenue

$787,633

Organization Details

Principal Officer

Aaron Cocking

Main Address

PO BOX 1505, MAPLE GROVE, MN, 55311

NTEE Category

Code: S41 - Community improvement

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