Overview
What is Private Risk Management Association?
The Private Risk Management Association, situated in Schaumburg, Illinois, is a nonprofit organization dedicated to enhancing the quality of advice, insurance coverage, and services for high-net-worth consumers. They achieve this mission through educational initiatives, aiming to raise awareness in this specific sector. The association hosts an annual summit and a two-day educational conference, offering members and non-members the opportunity to engage with subject matter experts in high-net-worth personal risk management. These events feature breakout sessions and roundtables, fostering knowledge exchange and networking. The 9th annual summit, held in November 2022, witnessed a year-over-year increase in attendance. With a team of five dedicated individuals, the Private Risk Management Association continues to contribute to the betterment of high-net-worth insurance consumers.
Is Private Risk Management Association legitimate?
Private Risk Management Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Private Risk Management 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: $204,808
Professional Fundraising Fees: $0
Other Salaries and Wages: $191,960
For more financial information, click here
What is the mission statement of Private Risk Management Association?
The Private Risk Management Association's mission is centered around enhancing the advice, insurance coverage, and services offered to high-net-worth insurance consumers. They achieve this goal through educational initiatives and increased awareness. The association organizes an annual summit and a two-day educational conference, providing access to subject matter experts in the high-net-worth personal risk management niche. The events include breakout sessions and roundtables, attracting a growing number of attendees each year.
Who is the CEO of Private Risk Management Association?
Diane Delaney is the Executive Dir. of Private Risk Management Association.
What is the revenue of Private Risk Management Association?
Private Risk Management Association's revenue in 2022 was $1,246,726.
Who are the executives of Private Risk Management Association and what are their salaries?
The average compensation at Private Risk Management Association during 2022 was $79,354. There are 5 employees and 18 volunteers at Private Risk Management Association.
Here are 20 key members and their salaries:
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Where can I find the form 990 for Private Risk Management Association?
Private Risk Management Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Private Risk Management Association
The Private Risk Management Association, or PRMA, is committed to enhancing the quality of advice, insurance coverage, and service offered to high-net-worth consumers. Their mission is centered around education and raising awareness in the high-net-worth personal risk management niche. To achieve this goal, PRMA organizes an annual summit and a two-day educational conference, which are open to both members and non-members. These events provide access to subject matter experts in the field, offering breakout and roundtable sessions. The association's 9th annual summit, held in November 2022, saw an increase in attendance compared to previous years, demonstrating the growing interest and importance of their mission.
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Impact
October, 2024
The Private Risk Management Association (PRMA) significantly enhances the quality of advice, coverage, and service available to high net worth insurance consumers. By focusing on education and increasing awareness, PRMA provides valuable resources and insights to both members and non-members in the industry.
One of the key initiatives is the annual summit, a two-day educational conference that has become a premier event for professionals engaged in high net worth personal risk management. This summit features access to subject matter experts, along with breakout and roundtable sessions that facilitate in-depth discussions on pressing issues and trends within the sector. Since its inception, the attendance at the summit has steadily increased, highlighting a growing interest and demand for advanced knowledge and expert guidance in this specialized area.
Through its efforts, PRMA plays a pivotal role in elevating standards and practices in high net worth insurance, ultimately benefiting consumers by ensuring they receive superior service and tailored solutions for their unique needs.
This information is meant to be a general summary of Private Risk Management 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21
- Program Service Revenue: $1,246,705
- Gross Receipts: $1,246,726
Assets and Liabilities:
- Total Assets: $731,024
- Total Liabilities: $152,099
- Net Assets: $578,925
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACADEMY EDUCATION REVENUE
Revenue
$428,556
MEMBERSHIP FEES
Revenue
$312,961
NON-DUES REVENUES
Revenue
$2,597
SPONSORSHIPS
Revenue
$260,000
SUMMIT REVENUES
Revenue
$242,591
Organization Details
Phone
(847) 517-7225Principal Officer
Diane Delaney
Main Address
1100 E WOODFIELD ROAD 350, SCHAUMBURG, IL, 60173
NTEE Category
Code: S41 - Community improvement
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