Overview
What is Missouri Insurance Coalition?
The Missouri Insurance Coalition (MIC) is a nonprofit organization situated in Jefferson City, Missouri. Its primary objective is to serve and represent the insurance industry. By holding meetings, MIC keeps its members informed about Missouri legislative activities, regulations, lawsuits, and other matters that may impact their business. Established with a mission to foster a better understanding of the insurance business, MIC works diligently to improve the regulatory climate and maintain a competitive, free-enterprise system within the insurance marketplace. With a small team of three dedicated individuals, MIC plays a crucial role in advocating for the insurance industry in Missouri.
Official website here: www.moinsurancecoalition.com
Is Missouri Insurance Coalition legitimate?
Missouri Insurance Coalition is a legitimate nonprofit organization registered as a 501(c)(6) entity. Missouri Insurance Coalition 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: $228,597
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,458
For more financial information, click here
Official website here: www.moinsurancecoalition.com
What is the mission statement of Missouri Insurance Coalition?
The Missouri Insurance Coalition (MIC) is a nonprofit organization that serves as a representative for the insurance industry. Its primary goal is to promote a better understanding of the insurance business among the general public. To achieve this, MIC strives to improve the regulatory climate and maintain a free enterprise, competitive system in the insurance marketplace. Essentially, they aim to foster a conducive environment for the insurance industry to thrive.
Official website here: www.moinsurancecoalition.com
What is the revenue of Missouri Insurance Coalition?
Missouri Insurance Coalition's revenue in 2023 was $908,037.
Official website here: www.moinsurancecoalition.com
Who are the executives of Missouri Insurance Coalition and what are their salaries?
The average compensation at Missouri Insurance Coalition during 2023 was $185,528. There are 2 employees at Missouri Insurance Coalition.
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Official website here: www.moinsurancecoalition.com
Where can I find the form 990 for Missouri Insurance Coalition?
Missouri Insurance Coalition's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.moinsurancecoalition.com
Learn more at the official website: www.moinsurancecoalition.com
Mission Statement of Missouri Insurance Coalition
The Missouri Insurance Coalition (MIC) is a nonprofit organization that serves as a governmental affairs and consumer education entity, representing the insurance industry. Established with the purpose of fostering a better understanding of the insurance business, MIC strives to improve the regulatory climate and preserve a competitive, free enterprise system within the insurance marketplace. By doing so, the organization aims to contribute positively to the insurance industry, ensuring it operates efficiently and effectively for the benefit of all parties involved.
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Impact
October, 2024
The Missouri Insurance Coalition significantly impacts the insurance landscape by enhancing understanding of the insurance business among its members and stakeholders. Through regular meetings, it keeps members informed about legislative activities, regulations, and lawsuits that could affect their operations. This proactive approach helps its members navigate the complexities of state regulations and promotes a favorable regulatory climate.
By advocating for a competitive free enterprise system within the insurance market, the Coalition helps to ensure that consumers benefit from a variety of insurance options. Its focus on governmental affairs and consumer education empowers both industry professionals and consumers alike, fostering a climate of informed decision-making. Ultimately, the Missouri Insurance Coalition plays a crucial role in shaping a balanced and efficient insurance marketplace in the state.
This information is meant to be a general summary of Missouri Insurance Coalition. 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: $12,340
- Program Service Revenue: $881,909
- Gross Receipts: $929,090
Assets and Liabilities:
- Total Assets: $915,340
- Total Liabilities: $12,592
- Net Assets: $902,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEETINGS & CONFERENCES
Revenue
$32,509
Membership Dues & Assessments
Revenue
$849,400
Organization Details
Founding Year
1987
Principal Officer
Brandon Koch
Website
www.moinsurancecoalition.comNTEE Category
Code: S41 - Community improvement
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