Overview
What is Wsia Education Foundation?
The Wsia Education Foundation, based in Kansas City, Missouri, is a nonprofit organization dedicated to fostering education and understanding within the surplus lines insurance industry. Through annual reviews and publications, they provide insightful information about this sector, inspiring positive change. Furthermore, they sponsor webinars, promote educational programs, symposiums, and scholarships, and collaborate with universities to attract new talent to the industry. Their mission includes championing the Associate in Surplus Lines Insurance (ASLI) designation program, supporting the AM Best Company's annual review, and financially backing WSIA members' educational programs.
Official website here: www.wsia.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%
The Wsia Education Foundation has received a Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score indicates a solid commitment to transparency and responsible financial management, which is crucial for building donor trust and ensuring effective use of contributions.
Key strengths of the organization include an independent board with 94% of members being independent, alongside an impressive program expense ratio of over 92%. This suggests that the majority of funds raised are directed towards the foundation's educational initiatives, rather than administrative costs. Additional accolades include the establishment of a whistleblower policy and comprehensive oversight through an audit and oversight committee.
While the data does not highlight any significant limitations, the emphasis on financial responsibility suggests that the foundation may benefit from continued focus on programmatic impact alongside its financial metrics. Overall, Wsia Education Foundation exemplifies a strong model of nonprofit governance and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Wsia Education Foundation legitimate?
Wsia Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wsia Education Foundation 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.wsia.org
What is the mission statement of Wsia Education Foundation?
The Wsia Education Foundation is committed to fostering educational growth in individuals interested in the excess and surplus lines business. Its mission is to dispel misconceptions and increase understanding of this market segment. The foundation accomplishes this by financially supporting Wsia members' education programs, improving the Associate in Surplus Lines Insurance (ASLI) designation program, which enhances educational opportunities for industry professionals, supporting the AM Best Company's annual review of the surplus lines segment, administering student-focused educational programs, symposiums, and scholarships, and engaging in significant university outreach to attract new talent to the industry.
Official website here: www.wsia.org
Who is the CEO of Wsia Education Foundation?
Brady R Kelley is the Secretary of Wsia Education Foundation.
Official website here: www.wsia.org
What is the revenue of Wsia Education Foundation?
Wsia Education Foundation's revenue in 2022 was $1,180,085.
Official website here: www.wsia.org
Who are the executives of Wsia Education Foundation and what are their salaries?
Here are 18 key members and their salaries:
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Official website here: www.wsia.org
Where can I find the form 990 for Wsia Education Foundation?
Wsia Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wsia.org
Learn more at the official website: www.wsia.org
Mission Statement of Wsia Education Foundation
The Wsia Education Foundation is committed to fostering educational growth among individuals interested in the excess and surplus lines business. The organization's mission is threefold: firstly, it aims to promote an understanding and dispel misconceptions about the excess and surplus lines market. Secondly, the foundation provides financial support for educational programs for members of the Wholesale & Specialty Insurance Association (WSIA). Thirdly, it supports the Associate in Surplus Lines Insurance (ASLI) designation program, which enhances educational opportunities for professionals in the industry.
Furthermore, the Wsia Education Foundation plays a significant role in supporting the annual review of the surplus lines segment conducted by AM Best Company. This review serves as a valuable tool for the industry. Additionally, the foundation administers student-focused educational programs, symposiums, and scholarships to encourage, support, and reward exceptional students interested in pursuing a career in insurance. Lastly, the Wsia Education Foundation collaborates with universities to attract bright new talent to the industry, thereby ensuring a continuous influx of fresh perspectives and skills.
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Impact
July, 2024
Wsia Education Foundation's impact is significant in advancing the educational development and understanding of the excess and surplus lines business. By supporting WSIA education programs, championing the ASLI designation program, and underwriting the annual review on the surplus lines industry, the foundation plays a crucial role in providing valuable insights and opportunities for industry professionals. Additionally, through student-focused educational programs, symposiums, and scholarships, the foundation aims to attract and reward exceptional students interested in pursuing a career in insurance. Its dedication to university outreach further contributes to attracting new talent to the industry, thereby shaping the future of the insurance sector.
This information is meant to be a general summary of Wsia Education Foundation. 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: $407,439
- Program Service Revenue: $212,655
- Gross Receipts: $1,894,273
Assets and Liabilities:
- Total Assets: $13,384,853
- Total Liabilities: $946,546
- Net Assets: $12,438,307
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION PROGRAMS
Revenue
$187,280
SYMPOSIUMS
Revenue
$25,375
Organization Details
Founding Year
1991
Phone
(816) 741-3910Principal Officer
Brady R Kelley
Main Address
4131 N MULBERRY DRIVE 200, KANSAS CITY, MO, 64116
Website
www.wsia.orgNTEE Category
Code: T11 - Philanthropy
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