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Nc Captive Insurance Association

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

EIN: 461310027 ✦ Southern pines, NC ✦ Designated as a 501(c)(6)

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Overview

What is Nc Captive Insurance Association?

The Nc Captive Insurance Association is a nonprofit organization established in North Carolina, dedicated to advocating for member companies and affiliates in the captive insurance industry. Their primary mission is to uphold professional standards and best practices by engaging with federal and state legislatures and regulators. Additionally, the association offers educational opportunities, aiming to enlighten both its member organization staff and the broader public about the captive insurance industry. Furthermore, they administer their own association, ensuring its smooth operation.


Official website here: www.nccia.org

Is Nc Captive Insurance Association legitimate?

Nc Captive Insurance Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Nc Captive Insurance Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nccia.org

What is the mission statement of Nc Captive Insurance Association?

The Nc Captive Insurance Association's mission is focused on maintaining professional and best practices within the captive insurance industry. This is achieved through representation, education, and administration. The association represents member companies and affiliates before federal and state legislatures and regulators, advocating for their interests. Additionally, it seeks to educate both its member organization staff and the public at large about the captive insurance industry. Lastly, the association administers its own operations to ensure smooth functioning.


Official website here: www.nccia.org

Who is the CEO of Nc Captive Insurance Association?

Thomas L Adams is the President & of Nc Captive Insurance Association.


Official website here: www.nccia.org

What is the revenue of Nc Captive Insurance Association?

Nc Captive Insurance Association's revenue in 2022 was $217,445.


Official website here: www.nccia.org

Who are the executives of Nc Captive Insurance Association and what are their salaries?


Here are 10 key members and their salaries:


Thomas L Adams (President &)
  • Compensation: $111,080
  • Related: $0
  • Other: $0
Diana Hardy (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nate Reznicek (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Littlehale (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosa Garcia (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Meehan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Forstot (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Fenters (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Adams (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Syphers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nccia.org

Where can I find the form 990 for Nc Captive Insurance Association?

Nc Captive Insurance Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nccia.org

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

Mission Statement of Nc Captive Insurance Association

The North Carolina Captive Insurance Association, abbreviated as Nc Captive Insurance Association, is committed to upholding professional and best practices in the captive insurance industry. To achieve this, the organization serves as a representative for its member companies and affiliates, advocating on their behalf before federal and state legislatures and regulators in North Carolina.

In addition to advocacy, Nc Captive Insurance Association places a strong emphasis on education. The association aims to educate not only its member organization staff but also the general public about the captive insurance industry. This is done with the goal of promoting a comprehensive understanding of this specialized field.

Lastly, Nc Captive Insurance Association is responsible for administering the association itself. This involves managing its operations and ensuring that it runs smoothly and effectively, contributing to the overall success of the captive insurance industry in North Carolina.

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Impact




October, 2024

The NC Captive Insurance Association plays a vital role in shaping the landscape of the captive insurance industry in North Carolina. By representing member companies and affiliates before federal and state legislatures and regulators, the association advocates for the interests of its members, ensuring that their voices are heard in matters of legislation and regulation. This representation is crucial for maintaining an environment conducive to the growth and sustainability of captive insurance entities.

Through its educational initiatives, the association enhances the knowledge and understanding of the captive insurance industry among both member organizations and the general public. By conducting annual educational conferences and offering various resources, it fosters a culture of continuous learning and professional development within the sector. This commitment to education not only empowers member organizations but also promotes informed discussions around best practices and industry standards.

Overall, the NC Captive Insurance Association significantly contributes to the professionalization of the captive insurance industry, enhancing its reputation and effectiveness in serving the needs of businesses. Its efforts underscore the importance of community improvement within the insurance sector, ultimately benefiting all stakeholders involved.




This information is meant to be a general summary of Nc Captive Insurance Association. 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
$217,445 (2022)
Expenses
$209,706 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $217,445
  • Gross Receipts: $217,445

Assets and Liabilities:

  • Total Assets: $83,574
  • Total Liabilities: $19,082
  • Net Assets: $64,492

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Programs

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

ANNUAL CONFERENCE

Revenue

$178,162

MEMBERSHIP DUES - CURRENT YEA

Revenue

$36,190

MEMBERSHIP DUES - PREPAID

Revenue

$3,093

Organization Details

Founding Year

2012

Principal Officer

Thomas L Adams

Main Address

151 CREST ROAD, SOUTHERN PINES, NC, 28387

NTEE Category

Code: S40 - Community improvement

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