Overview
What is Nonprofit Risk Management Center?
The Nonprofit Risk Management Center is a dedicated advisory service based in Leesburg, Virginia. They primarily assist large and intricate nonprofit organizations, associations, federations, and umbrella groups, empowering their leadership teams to enhance their risk management capabilities. Their services span various aspects, such as conducting risk assessments, reviewing insurance coverage, designing Enterprise Risk Management frameworks, evaluating governance, developing youth protection programs, and delivering customized training programs. The Nonprofit Risk Management Center also creates risk-themed web portals for nonprofit leaders and custom versions of web applications for the members, affiliates, chapters, and customers of extensive organizations. Their mission is to motivate and foster effective risk management and risk champions within the nonprofit sector, offering educational resources, support, training, web applications, and consulting on a comprehensive range of risk concerns.
Official website here: www.nonprofitrisk.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Nonprofit Risk Management Center has achieved a commendable Three-Star rating, reflecting strong performance in accountability and financial stability. With an Accountability & Finance Score of 81 and a Culture & Community Score of 79, the organization maintains a fully independent board and demonstrates no material diversion of assets, showcasing its commitment to transparency and effective governance.
User feedback highlights the center's expertise and the value of its resources, with reviewers praising the wealth of knowledge available through its consulting services and annual conferences. Many long-term users express gratitude for the accessible tools and support offered, indicating a strong positive impact within the nonprofit sector.
While the organization operates with a small staff, the volume of work completed and the quality of services provided are highly regarded, suggesting efficient management. Overall, the Nonprofit Risk Management Center stands out as a valuable resource for risk management in nonprofits, with satisfied users advocating for its services.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Nonprofit Risk Management Center legitimate?
Nonprofit Risk Management Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nonprofit Risk Management Center 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: $301,556
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,584
For more financial information, click here
Official website here: www.nonprofitrisk.org
What is the mission statement of Nonprofit Risk Management Center?
The Nonprofit Risk Management Center's mission is centered around inspiring effective risk management and fostering risk champions within the nonprofit sector. They achieve this by offering educational resources, member support, training, web applications, and consulting services covering a broad range of risk issues. Their consulting services help strengthen the risk management capabilities of various nonprofit organizations, providing assistance in areas such as risk assessments, insurance coverage reviews, and governance assessments. Additionally, they develop risk-themed web portals and custom web applications for nonprofit leaders and their affiliated groups.
Official website here: www.nonprofitrisk.org
Who is the CEO of Nonprofit Risk Management Center?
Melanie Lockwood Herman is the Executive Director of Nonprofit Risk Management Center.
Official website here: www.nonprofitrisk.org
What is the revenue of Nonprofit Risk Management Center?
Nonprofit Risk Management Center's revenue in 2022 was $1,089,632.
Official website here: www.nonprofitrisk.org
Who are the executives of Nonprofit Risk Management Center and what are their salaries?
The average compensation at Nonprofit Risk Management Center during 2022 was $109,628. There are 5 employees and 11 volunteers at Nonprofit Risk Management Center.
Here are 12 key members and their salaries:
- Compensation: $269,856
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- Other: $31,699
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Official website here: www.nonprofitrisk.org
Where can I find the form 990 for Nonprofit Risk Management Center?
Nonprofit Risk Management Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nonprofitrisk.org
Learn more at the official website: www.nonprofitrisk.org
Mission Statement of Nonprofit Risk Management Center
The Nonprofit Risk Management Center, abbreviated as NRMC, is committed to fostering proficient risk management and risk champions within the nonprofit sector. To achieve this mission, NRMC offers a variety of resources, including educational materials, member support, training programs, web applications, and consulting services. These tools are designed to address a broad spectrum of risk issues that nonprofit organizations may encounter.
NRMC's consulting function is particularly noteworthy. It serves as a trusted advisor to a wide array of nonprofit entities, such as large and complex organizations, associations, federations, and umbrella groups. Through consulting engagements, NRMC empowers leadership teams to enhance their risk management capabilities. This may involve conducting risk assessments, reviewing insurance coverage, designing and implementing Enterprise Risk Management frameworks, carrying out governance assessments, developing youth protection programs, and creating custom training programs and materials.
Moreover, NRMC develops risk-themed web portals for the use of nonprofit leaders. These portals provide easy access to essential risk management information. Additionally, the center creates custom versions of web applications tailored to the needs of members, affiliates, chapters, and customers of large organizations. By offering these comprehensive services, NRMC plays a significant role in promoting effective risk management across the nonprofit sector and empowering risk champions to navigate the challenges they face.
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Impact
July, 2024
The Nonprofit Risk Management Center has a significant impact by inspiring effective risk management and cultivating risk champions across the nonprofit sector. Through its educational resources, member support, training programs, web applications, and consulting services, the center empowers nonprofit organizations to enhance their risk management capabilities. By providing consulting services such as risk assessments, insurance coverage reviews, Enterprise Risk Management framework design, governance assessments, youth protection program development, and customized training programs, the center plays a key role in strengthening the risk management practices of large and complex nonprofit organizations, associations, federations, and umbrella groups. Additionally, the development of risk-themed web portals and custom web applications further contributes to the center's mission of fostering risk-aware and proactive leadership within the nonprofit sector.
This information is meant to be a general summary of Nonprofit Risk Management Center. 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: $2,768
- Program Service Revenue: $769,405
- Gross Receipts: $1,089,632
Assets and Liabilities:
- Total Assets: $1,505,288
- Total Liabilities: $524,589
- Net Assets: $980,699
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees for services
Revenue
$553,150
Affiliate membership
Revenue
$112,403
Product sales/dev
Revenue
$52,008
Program Fees
Revenue
$27,951
Conference fees
Revenue
$23,893
Organization Details
Founding Year
1992
Phone
(703) 777-3504Principal Officer
Melanie Lockwood Herman
Main Address
204 S King Street, Leesburg, VA, 20175
Website
www.nonprofitrisk.orgNTEE Category
Code: S50 - Community improvement
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