Overview
What is Massachusetts Insurance Federation Inc?
Massachusetts Insurance Federation Inc is a nonprofit organization situated in Boston, Massachusetts. With a small team of one employee, their primary focus lies in fostering a harmonious relationship between the people and the government of Massachusetts, specifically in relation to the property and casualty insurance industry. This encompasses various sectors such as auto, homeowners, workers compensation, and corporate governance. They work towards preserving competitive markets for all lines of insurance, organizing member meetings to discuss these issues. The Federation's mission is to promote understanding and respect between the public and the insurance business in the state.
Is Massachusetts Insurance Federation Inc legitimate?
Massachusetts Insurance Federation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Massachusetts Insurance Federation 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: $254,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Massachusetts Insurance Federation Inc?
The Massachusetts Insurance Federation Inc. strives to establish a harmonious relationship between the general public, the government, and the property and casualty insurance industry. Their mission is to foster understanding and respect between these entities, promoting a collaborative environment. They conduct member meetings to discuss and address issues pertinent to the property/casualty insurance sector, including topics such as auto, homeowners, workers' compensation, corporate governance, and the preservation of competitive markets for all insurance lines.
Who is the CEO of Massachusetts Insurance Federation Inc?
Courtney Larkin is the Director of Massachusetts Insurance Federation Inc.
What is the revenue of Massachusetts Insurance Federation Inc?
Massachusetts Insurance Federation Inc's revenue in 2022 was $516,666.
Who are the executives of Massachusetts Insurance Federation Inc and what are their salaries?
The average compensation at Massachusetts Insurance Federation Inc during 2022 was $254,336. There is 1 employee at Massachusetts Insurance Federation Inc.
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- Compensation: $235,000
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- Other: $19,336
Where can I find the form 990 for Massachusetts Insurance Federation Inc?
Massachusetts Insurance Federation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Massachusetts Insurance Federation Inc
Massachusetts Insurance Federation Inc, as a nonprofit organization, aims to foster a harmonious relationship between the people and the government of Massachusetts and the business of property and casualty insurance. Their mission is to promote understanding and respect between these two entities, ensuring that the insurance industry operates in a manner that benefits both the public and the businesses involved. Through member meetings, they discuss various issues relevant to the property/casualty insurance industry, including auto, homeowners, workers compensation, corporate governance, and the preservation of competitive markets for all lines of insurance. By engaging in these discussions and advocating for the industry, Massachusetts Insurance Federation Inc seeks to foster a positive and productive relationship between the government and the insurance business, ultimately benefiting consumers and businesses alike.
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Impact
October, 2024
Massachusetts Insurance Federation Inc plays a pivotal role in bridging the gap between the insurance industry, the public, and government entities in Massachusetts. By fostering a relationship of understanding and respect, the organization helps ensure that the concerns and needs of residents are adequately represented within the property and casualty insurance sector.
The Federation holds member meetings focused on discussing key issues relevant to the industry, including auto insurance, homeowners coverage, workers' compensation, corporate governance, and the importance of maintaining competitive markets across all lines of insurance. This engagement not only enhances knowledge among its members but also facilitates collaborative efforts to tackle challenges faced by the industry.
Through its initiatives, the Massachusetts Insurance Federation Inc contributes to the improvement of community understanding regarding insurance policies and practices. This ultimately helps to create a more informed public, promoting fair and sustainable insurance solutions that benefit both consumers and businesses alike in the state of Massachusetts.
This information is meant to be a general summary of Massachusetts Insurance Federation 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 2022.
- Investment Income: $5,666
- Program Service Revenue: $511,000
- Gross Receipts: $516,666
Assets and Liabilities:
- Total Assets: $772,190
- Total Liabilities: $296,004
- Net Assets: $476,186
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$511,000
Organization Details
Founding Year
2003
Phone
(617) 557-5538Principal Officer
Courtney Larkin
Main Address
2 CENTER PLAZA 8TH FLOOR, BOSTON, MA, 021081904
NTEE Category
Code: S41 - Community improvement
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