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Iiaa Educational Foundation

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

EIN: 510152307 ✦ Alexandria, VA ✦ Designated as a 501(c)(3)

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Overview

What is Iiaa Educational Foundation?

The Iiaa Educational Foundation, situated in Alexandria, Virginia, is a nonprofit organization dedicated to offering financial aid to individuals within the insurance industry who have been affected by catastrophic events not covered by their insurance or other funding sources. For the year ending August 31, 2022, the foundation granted over $100,000 to eligible recipients. Established with the purpose of providing scholarships, charity, or financial assistance to individuals, the foundation's mission also extends to fostering educational research projects. Its funding comes from donations from IIABA members, other industry organizations, and insurance carriers.


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Is Iiaa Educational Foundation legitimate?

Iiaa Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iiaa Educational 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.


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


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What is the mission statement of Iiaa Educational Foundation?

The Iiaa Educational Foundation is organized with a mission to provide scholarships, charity, or financial assistance to individuals or businesses. Additionally, the foundation aims to foster educational research projects. The primary focus of its programs is to offer financial aid to insurance industry personnel affected by catastrophic occurrences not covered by their insurance or other funding sources. In the fiscal year ending August 31, 2022, the organization awarded over $100,000 in grants to qualified recipients. The foundation's funding comes from donations from IIABA members, other industry organizations, and insurance carriers.


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Who is the CEO of Iiaa Educational Foundation?

Charles E Symington Jr is the Principal Officer of Iiaa Educational Foundation. The CEO's salary of Iiaa Educational Foundation is $0 and their total compensation is $1,308,556.


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What is the revenue of Iiaa Educational Foundation?

Iiaa Educational Foundation's revenue in 2022 was $46,085.


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Who are the executives of Iiaa Educational Foundation and what are their salaries?

There 4 volunteers at Iiaa Educational Foundation.


Here are 10 key members and their salaries (Iiaa Educational Foundation's CEO's salary is $0 and their total compensation is $1,308,556):


Angela Ripley (Trustee)
  • Compensation: $0
  • Related: $6,362
  • Other: $0
Eugene S Cocke (Cfo)
  • Compensation: $0
  • Related: $397,494
  • Other: $54,096
John Costello (Chairman)
  • Compensation: $0
  • Related: $32,863
  • Other: $0
Jon A Jensen (Trustee)
  • Compensation: $0
  • Related: $15,137
  • Other: $0
Lou Moran Iii (Trustee)
  • Compensation: $0
  • Related: $9,904
  • Other: $0
Robert Fee (Trustee)
  • Compensation: $0
  • Related: $28,684
  • Other: $0
Robert Rusbuldt (Ceo)
  • Compensation: $0
  • Related: $1,261,617
  • Other: $46,939
S Todd Jackson (Trustee)
  • Compensation: $0
  • Related: $8,642
  • Other: $0
Scott Kneeland (General Counsel)
  • Compensation: $0
  • Related: $261,840
  • Other: $41,838
W Michael Mcbride (Trustee)
  • Compensation: $0
  • Related: $18,618
  • Other: $0


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Where can I find the form 990 for Iiaa Educational Foundation?

Iiaa Educational Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


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Mission Statement of Iiaa Educational Foundation

The Iiaa Educational Foundation is an organization dedicated to providing financial assistance to individuals and, on occasion, businesses. Its mission extends beyond dispensing funds; it also aims to support educational research projects. The primary focus of its programs is to offer financial aid to personnel in the insurance industry who have been affected by catastrophic occurrences that are not covered by their own insurance or other funding sources. During the fiscal year ending August 31, 2022, the organization successfully awarded over $100,000 in grants to qualified recipients. The foundation's funding is sourced from donations made by IIABA members, other industry organizations, and insurance carriers.

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Impact




October, 2024

Iiaa Educational Foundation significantly impacts the insurance industry by providing vital financial assistance to personnel affected by catastrophic events that their own insurance does not cover. In the year ending August 31, 2022, the foundation awarded over $100,000 in grants, directly supporting individuals and helping them navigate the challenges that arise from unforeseen circumstances. This support not only alleviates immediate financial burdens but also fosters resilience within the community. By deriving funding from generous donations made by IIABA members, other industry organizations, and insurance carriers, the foundation underscores a collective commitment to education and recovery in the industry. In addition to direct assistance, Iiaa Educational Foundation helps promote educational projects and research, contributing to the ongoing development and sustainability of knowledge in the insurance field.




This information is meant to be a general summary of Iiaa Educational 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.

Revenue
$46,085 (2022)
Expenses
$128,791 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $46,085

Assets and Liabilities:

  • Total Assets: $843,269
  • Total Liabilities: $0
  • Net Assets: $843,269

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Organization Details

Founding Year

1975

Principal Officer

Charles E Symington Jr

Main Address

127 SOUTH PEYTON ST, ALEXANDRIA, VA, 223142879

NTEE Category

Code: B82Z - Education

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