National Crop Insurance Services Inc

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

EIN: 481066701 ✦ Overland park, KS ✦ Designated as a 501(c)(6)

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Overview

What is National Crop Insurance Services Inc?

National Crop Insurance Services Inc is a non-profit corporation based in Overland Park, Kansas, with a workforce of 47 employees. They provide essential information services to member companies, offering risk management solutions for farmers and individuals vulnerable to weather perils. Their core mission involves collecting, processing, and analyzing statistics from 14 member groups writing crop-hail insurance in 50 states and Multi-Peril Crop Insurance (MPCI). By delivering accurate and relevant data, National Crop Insurance Services empowers its members to effectively manage crop risks.


Official website here: www.ag-risk.org

Is National Crop Insurance Services Inc legitimate?

National Crop Insurance Services Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Crop Insurance Services 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: $732,790
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,137,781

For more financial information, click here


Official website here: www.ag-risk.org

What is the mission statement of National Crop Insurance Services Inc?

National Crop Insurance Services Inc is a non-profit corporation dedicated to delivering information services and products to member companies, enabling them to offer risk management solutions for crop growers and individuals exposed to weather perils. The corporation's primary focus is on accumulating, tabulating, and analyzing relevant statistics to support these risk management efforts. By pooling data from 14 member groups writing crop-hail insurance in 50 states and Multi-Peril Crop Insurance (MPCI), National Crop Insurance Services Inc facilitates effective risk assessment and risk mitigation strategies for its members.


Official website here: www.ag-risk.org

Who is the CEO of National Crop Insurance Services Inc?

Thomas P Zacharias is the President of National Crop Insurance Services Inc.


Official website here: www.ag-risk.org

What is the revenue of National Crop Insurance Services Inc?

National Crop Insurance Services Inc's revenue in 2022 was $12,641,887.


Official website here: www.ag-risk.org

Who are the executives of National Crop Insurance Services Inc and what are their salaries?

The average compensation at National Crop Insurance Services Inc during 2022 was $124,906. There are 47 employees and 12 volunteers at National Crop Insurance Services Inc.


Here are 19 key members and their salaries:


Thomas Zacharias (President)
  • Compensation: $414,553
  • Related: $0
  • Other: $51,407
Kendall Jones (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Arnold (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Caruso (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Day (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Haney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Korin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Meador (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Perry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jordan Roach (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Rutledge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy B Weber (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherri Scharff (Executive Vp Of Member Services And Chief Of Staff)
  • Compensation: $296,736
  • Related: $0
  • Other: $30,094
Jay South (Chief Actuary)
  • Compensation: $290,615
  • Related: $0
  • Other: $33,214
Troy Brady (Sr. Vp Program Analysis & Support)
  • Compensation: $209,830
  • Related: $0
  • Other: $38,577
Scott Ogilvie (It Director)
  • Compensation: $195,596
  • Related: $0
  • Other: $37,441
Therese Stom (Vp Crop Hail Actuarial & Statistical Analysis)
  • Compensation: $186,076
  • Related: $0
  • Other: $36,377
Kenneth Dean Strasser (Sr. Vp Program Analysis & Research)
  • Compensation: $207,134
  • Related: $0
  • Other: $24,694


Official website here: www.ag-risk.org

Where can I find the form 990 for National Crop Insurance Services Inc?

National Crop Insurance Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ag-risk.org

Learn more at the official website: www.ag-risk.org

Mission Statement of National Crop Insurance Services Inc

National Crop Insurance Services Inc, a non-profit corporation, is dedicated to delivering essential information services and products to its member companies. This mission is geared towards providing risk management for those involved in growing crops or facing exposure to weather perils. By accumulating, tabulating, and analyzing relevant statistics, NCIS ensures that its members are well-equipped to mitigate risks and offer crop insurance to their clients.

The core function of National Crop Insurance Services Inc is the collection and processing of statistics from 14 member groups writing crop-hail insurance across 50 states and Multi-Peril Crop Insurance (MPCI). These statistics are crucial for risk assessment, pricing, and underwriting crop insurance policies. With this wealth of data, NCIS empowers its member companies to offer accurate and comprehensive crop insurance solutions to farmers, protecting them against potential losses due to weather perils.

By providing valuable information services, National Crop Insurance Services Inc plays a vital role in the agricultural industry. Through its data-driven approach, the organization enables its members to effectively assess risks, manage claims, and offer competitive pricing for crop insurance. This, in turn, ensures that farmers are protected from potential losses and can continue to grow their crops with confidence.

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Impact




October, 2024

National Crop Insurance Services Inc plays a crucial role in supporting the agricultural community by providing essential risk management information and services. By collecting and processing statistics from 14 member groups that offer crop-hail insurance across all 50 states, NCIS equips farmers and agricultural businesses with critical data to navigate the challenges posed by weather-related risks.

The organization's focus on analyzing various crop insurances allows its members to make informed decisions about risk management strategies, ultimately strengthening the resilience of those who rely on farming. This data-driven approach not only aids in understanding current market conditions but also helps in developing innovative insurance products tailored to the needs of farmers facing unpredictable weather patterns.

Through its comprehensive information services, NCIS contributes to the stability and sustainability of the agricultural sector, ensuring that growers are better prepared for potential losses while promoting overall confidence in crop insurance as a protective measure against financial setbacks.




This information is meant to be a general summary of National Crop Insurance Services 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.

Revenue
$12,641,887 (2022)
Expenses
$11,844,254 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $414,211
  • Program Service Revenue: $11,866,898
  • Gross Receipts: $14,625,779

Assets and Liabilities:

  • Total Assets: $16,678,422
  • Total Liabilities: $5,040,606
  • Net Assets: $11,637,816

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Programs

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

GENERAL & SPECIAL ASSESSMENTS

Revenue

$5,004,031

CROP-HAIL ASSESSMENTS

Revenue

$2,372,840

MPCI ASSESSMENTS

Revenue

$2,306,959

LOSS ADJUSTMENT

Revenue

$1,718,147

OTHER PROGRAM SERVICE REVENUE

Revenue

$464,921

Organization Details

Founding Year

1989

Principal Officer

Thomas P Zacharias

Main Address

8900 INDIAN CREEK PARKWAY 600, OVERLAND PARK, KS, 662101507

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