Overview
What is Maryland Workers' Compensation Educational Association Inc?
Maryland Workers' Compensation Educational Association Inc, based in Washington D.C., is a nonprofit organization dedicated to fostering education and support within the workers' compensation system. Their mission involves bringing together various professionals, such as employees, employers, insurers, program administrators, medical providers, and attorneys, to create a collaborative forum. The association advocates for strategic continuation and improvement of the workers' compensation system, providing conference services and resources for speakers. Additionally, they contribute to various charities, demonstrating their commitment to supporting their community beyond the realm of workers' compensation.
Official website here: www.mwcea.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Maryland Workers' Compensation Educational Association Inc has received an overall score of 83%, indicating a solid performance in accountability and finance. Notably, the organization boasts a high percentage of independent board members and has effectively maintained no material diversion of assets, which reflects a strong commitment to governance and ethical operations.
While the organization excels in several areas, such as its program expense ratio of 78.23% and a favorable liabilities to assets ratio of 0.00%, there are areas needing improvement. The absence of a whistleblower policy and a document retention and destruction policy is concerning and suggests that some best practices in governance have yet to be implemented. These gaps could impact the organization's overall transparency and accountability.
In summary, the Maryland Workers' Compensation Educational Association Inc demonstrates strong financial health and governance with some notable strengths. However, addressing the identified limitations would further enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Maryland Workers' Compensation Educational Association Inc legitimate?
Maryland Workers' Compensation Educational Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maryland Workers' Compensation Educational Association 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: $41,601
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mwcea.net
What is the mission statement of Maryland Workers' Compensation Educational Association Inc?
The Maryland Workers' Compensation Educational Association (MWCEA) is committed to promoting education, communication, and camaraderie within the workers' compensation community. They achieve this by facilitating a platform where employees, employers, insurers, program administrators, medical and rehabilitation providers, and attorneys can come together. The primary objective of MWCEA is to provide education and support, aiming to strategically improve and enhance the workers' compensation system for the benefit of all participants. Their mission is to serve as a forum for knowledge exchange, fostering a collaborative environment that benefits everyone involved in the workers' compensation system.
Official website here: www.mwcea.net
What is the revenue of Maryland Workers' Compensation Educational Association Inc?
Maryland Workers' Compensation Educational Association Inc's revenue in 2023 was $254,645.
Official website here: www.mwcea.net
Who are the executives of Maryland Workers' Compensation Educational Association Inc and what are their salaries?
The average compensation at Maryland Workers' Compensation Educational Association Inc during 2023 was $41,601. There is 1 employee and 29 volunteers at Maryland Workers' Compensation Educational Association Inc.
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Official website here: www.mwcea.net
Where can I find the form 990 for Maryland Workers' Compensation Educational Association Inc?
Maryland Workers' Compensation Educational Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mwcea.net
Learn more at the official website: www.mwcea.net
Mission Statement of Maryland Workers' Compensation Educational Association Inc
Maryland Workers' Compensation Educational Association, abbreviated as MWCEA, is committed to fostering education, communication, and camaraderie within the workers' compensation community. Their mission is to serve as a platform, bringing together various stakeholders such as employees, employers, insurers, program administrators, medical providers, rehabilitation specialists, and attorneys. By doing so, MWCEA aims to provide a conducive environment for the exchange of ideas and knowledge, ultimately contributing to the strategic improvement and enhancement of the workers' compensation system for the benefit of all involved parties. Their goal is to facilitate learning and support, thereby ensuring the continued growth and effectiveness of this vital system.
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Impact
October, 2024
The Maryland Workers' Compensation Educational Association Inc. plays a pivotal role in enhancing the workers' compensation landscape in Maryland. By promoting education, communication, and collaboration among key stakeholders—including employees, employers, insurers, medical providers, and legal professionals—it fosters a more informed and cohesive community.
Through its conference services and informative outlets, the organization facilitates essential dialogue around workers' compensation issues, ensuring that all participants are equipped with the knowledge they need to navigate the system effectively. This approach not only strengthens the overall framework of workers' compensation but also advocates for the rights and benefits of all involved.
Moreover, the MWCEA’s commitment to contributing to various charities underscores its dedication to social responsibility and the welfare of the broader community. By continuously pushing for improvements and offering support, the Association significantly impacts the effectiveness and fairness of the workers' compensation system, ultimately benefiting both employees and employers alike.
This information is meant to be a general summary of Maryland Workers' Compensation Educational Association 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 2023.
- Investment Income: $1
- Program Service Revenue: $222,169
- Gross Receipts: $254,645
Assets and Liabilities:
- Total Assets: $31,421
- Total Liabilities: $0
- Net Assets: $31,421
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE FEES
Revenue
$222,169
Organization Details
Founding Year
1984
Principal Officer
Andrea Ball
Website
www.mwcea.netNTEE Category
Code: Y20 - Mutual benefit
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