Virginia Association Of Mutual Insurance Companies

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

EIN: 540492235 ✦ Richmond, VA ✦ Designated as a 501(c)(6)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Virginia Association Of Mutual Insurance Companies?

Virginia Association of Mutual Insurance Companies is a trade association, established to support and advance the interests of 32 mutual property and casualty insurance companies in Virginia. This nonprofit organization provides valuable educational resources to its members, fostering a collaborative environment for their growth and development. By offering educational opportunities, Virginia Association of Mutual Insurance Companies plays a vital role in strengthening the collective capabilities of its members, contributing to the overall stability and success of the mutual insurance industry in Virginia.


Official website here: www.vamic.org

Is Virginia Association Of Mutual Insurance Companies legitimate?

Virginia Association Of Mutual Insurance Companies is a legitimate nonprofit organization registered as a 501(c)(6) entity. Virginia Association Of Mutual Insurance Companies submitted a form 990EZ, 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.


Official website here: www.vamic.org

What is the mission statement of Virginia Association Of Mutual Insurance Companies?

The Virginia Association of Mutual Insurance Companies serves as a trade association for 32 mutual property and casualty insurance companies in Virginia. Its primary mission is to offer educational opportunities to its member companies, aiming to enhance their knowledge and capabilities within the industry. The association does not disclose a specific mission statement regarding its objectives for benefiting individuals or communities, focusing mainly on supporting and empowering its member companies.


Official website here: www.vamic.org

Who is the CEO of Virginia Association Of Mutual Insurance Companies?

Christopher Shipe is the President of Virginia Association Of Mutual Insurance Companies.


Official website here: www.vamic.org

What is the revenue of Virginia Association Of Mutual Insurance Companies?

Virginia Association Of Mutual Insurance Companies's revenue in 2023 was $51,895.


Official website here: www.vamic.org

Who are the executives of Virginia Association Of Mutual Insurance Companies and what are their salaries?


Here are 8 key members and their salaries:


Christopher Shipe (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Reeves (President - Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Piefer (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa Lewis (Executive Secretary-Treasurer)
  • Compensation: $2,400
  • Related: $0
  • Other: $0
Jonathan Sisk (Program Chairman)
  • Compensation: $2,000
  • Related: $0
  • Other: $0
Robert Lyon (Executive Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Coakley Mckinney (Executive Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Robertson (Executive Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vamic.org

Where can I find the form 990EZ for Virginia Association Of Mutual Insurance Companies?

Virginia Association Of Mutual Insurance Companies's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.vamic.org

Learn more at the official website: www.vamic.org

Mission Statement of Virginia Association Of Mutual Insurance Companies

The Virginia Association of Mutual Insurance Companies serves as a vital trade association, catering to its 32 member companies that specialize in Mutual Property & Casualty Insurance. Its primary mission is to offer educational opportunities to these companies, fostering growth and development within the mutual insurance sector. By providing these educational resources, the association aims to enhance the overall competency and effectiveness of its member companies, ultimately benefiting their clients and the insurance industry as a whole.

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

The Virginia Association of Mutual Insurance Companies significantly enhances the insurance landscape in Virginia by serving as a crucial trade association for mutual property and casualty insurance companies. With a membership of 32 companies, it plays a vital role in fostering collaboration and communication among insurers, ultimately improving the quality of services offered to consumers.

By providing educational opportunities, the association equips its members with the necessary tools and knowledge to stay competitive in a rapidly evolving market. This commitment to professional development not only benefits the member companies but also ensures that policyholders receive better service, better coverage options, and a more responsive insurance experience.

Moreover, the association contributes to community improvement by promoting the well-being of its member companies, which in turn supports local economies through job creation and enhanced financial stability. By advocating for best practices and encouraging ethical standards within the insurance industry, the Virginia Association of Mutual Insurance Companies helps to build trust and confidence among consumers in the mutual insurance model.




This information is meant to be a general summary of Virginia Association Of Mutual Insurance Companies. 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
$51,895 (2023)
Expenses
$30,937 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,543
  • Gross Receipts: $51,895

Assets and Liabilities:

  • Total Assets: $236,544
  • Total Liabilities: $25,380
  • Net Assets: $211,164

Want to help this charity, for free? You can click here to learn more about Give Freely

Organization Details

Principal Officer

Christopher Shipe

Main Address

PO Box 6927, Richmond, VA, 23230

NTEE Category

Code: S41 - Community improvement

If you are a representative of Virginia Association Of Mutual Insurance Companies 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.