Overview
What is Mso Inc?
Mso Inc is a licensed nonprofit organization situated in Glen Rock, New Jersey, with a primary focus on providing property and casualty insurance carriers with commercial and personal lines programs. These programs encompass forms, rates, and loss costs, which are developed and filed as needed in the U.S. domestic market. The organization offers its member companies a high level of customized services, including premium insurance rating, inspection, and other insurance-related services in all U.S. states and Washington, D.C. Fees for these services are billed quarterly and recognized as income over the assessment period. In addition to its service offerings, Mso Inc provides educational services to the property and casualty industry for the continued education of insureds, agents/brokers, and insurance carriers and their staffs. The organization employs a total of 19 individuals.
Official website here: www.msonet.com
Is Mso Inc legitimate?
Mso Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mso 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: $820,548
Professional Fundraising Fees: $0
Other Salaries and Wages: $925,028
For more financial information, click here
Official website here: www.msonet.com
What is the mission statement of Mso Inc?
MSO Inc's mission is centered around providing property and casualty insurance carriers with commercial and personal lines programs. This includes offering forms, rates, and loss costs, which can be developed and filed as necessary in the U.S. domestic market. The intellectual property created by MSO is made available under a subscriber model at a reasonable market-based cost. As part of its mission, MSO also provides educational services to the property and casualty industry, contributing to the continued education of insureds, agents/brokers, and insurance carriers and their staffs. The organization aims to deliver a high level of value and individual services to its member companies, fulfilling their desired level of customized service. MSO is licensed to provide premium insurance rating, inspection, and other insurance-related services for subscribing property and liability insurance companies in all states and Washington, D.C. Fees for these services, generally based on premiums written by the insurance companies, are billed quarterly and recognized as income over the assessment period.
Official website here: www.msonet.com
Who is the CEO of Mso Inc?
Jan Scites is the Trustee of Mso Inc. The CEO's salary of Mso Inc is $287,504 and their total compensation is $293,445.
Official website here: www.msonet.com
What is the revenue of Mso Inc?
Mso Inc's revenue in 2022 was $2,818,417.
Official website here: www.msonet.com
Who are the executives of Mso Inc and what are their salaries?
The average compensation at Mso Inc during 2022 was $91,872. There are 19 employees at Mso Inc.
Here are 16 key members and their salaries (Mso Inc's CEO's salary is $287,504 and their total compensation is $293,445):
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $3,500
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $287,504
- Related: $0
- Other: $5,941
- Compensation: $64,878
- Related: $0
- Other: $1,939
- Compensation: $139,207
- Related: $0
- Other: $10,784
- Compensation: $52,964
- Related: $0
- Other: $4,450
- Compensation: $104,747
- Related: $0
- Other: $29,571
- Compensation: $109,108
- Related: $0
- Other: $9,455
Official website here: www.msonet.com
Where can I find the form 990 for Mso Inc?
Mso Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.msonet.com
Learn more at the official website: www.msonet.com
Mission Statement of Mso Inc
Mso Inc, with a mission to provide property and casualty insurance carriers, aims to develop and offer commercial and personal lines programs. These programs encompass forms, rates, and/or loss costs, ensuring they are in line with the domestic market's requirements. The intellectual property created by Mso Inc is made available to its subscribers at reasonable market-based costs.
In addition to its insurance program offerings, Mso Inc is dedicated to serving its member insurance companies with a high level of value and individual services. Their mission is to cater to the desired level of customized service for these companies. Mso Inc holds licenses to provide premium insurance rating, inspection, and other insurance-related services for subscribing property and liability insurance companies across all states and Washington, D.C. The fees for these services, typically based on the premiums written by the insurance companies, are billed quarterly and are recognized as income over the assessment period.
Beyond its insurance services, Mso Inc also offers educational services to the property and casualty industry. These educational offerings are designed to support the continued education of insureds, agents/brokers, and insurance carriers and their staffs. This commitment to education contributes to the overall growth and development of the property and casualty industry.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Mso Inc significantly influences the property and casualty insurance landscape by providing essential services and resources tailored for its member companies. By developing commercial and personal lines programs—including forms, rates, and loss costs—Mso Inc enhances the operational efficiency of insurance carriers. The organization ensures that these programs are filed as needed in the U.S. domestic market, thereby streamlining compliance and regulatory processes for its members.
The intellectual property created by Mso Inc, available under a subscriber model, allows member companies to access vital tools and information at a reasonable cost, fostering innovation within the industry. Additionally, Mso Inc plays a crucial role in the ongoing education of insurance professionals. Through various educational services, it supports the continuous learning of insureds, agents, brokers, and insurance carrier staff, which is essential for adapting to the evolving complexities of the insurance market.
By offering customized services and high-quality resources, Mso Inc not only works towards the betterment of the insurance industry but also strengthens the capabilities of its 35 member companies. This commitment to member support enhances the overall effectiveness and responsiveness of the property and casualty insurance sector, ultimately benefiting consumers and communities by promoting more robust and informed insurance practices.
This information is meant to be a general summary of Mso 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 2022.
- Investment Income: $7,177
- Program Service Revenue: $2,852,698
- Gross Receipts: $3,230,307
Assets and Liabilities:
- Total Assets: $1,236,161
- Total Liabilities: $179,440
- Net Assets: $1,056,721
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$2,396,682
AUDIT & OTHER SERVICES
Revenue
$452,459
PRINTING INCOME
Revenue
$3,557
Organization Details
Founding Year
1991
Phone
(201) 447-6900Principal Officer
Jan Scites
Main Address
139 HARRISTOWN ROAD 100, GLEN ROCK, NJ, 07452
Website
www.msonet.comNTEE Category
Code: S41 - Community improvement
If you are a representative of Mso Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.