Overview
What is Insurance Accounting And Systems Association Inc?
Insurance Accounting and Systems Association Inc. is a 501(c)(3) nonprofit organization situated in Durham, North Carolina. Established with a mission to foster an environment of selfless engagement, inclusivity, and conviction, the association primarily focuses on advancing the careers and personal growth of its members and constituents. It achieves this by offering exceptional learning opportunities in an open and sharing environment. The association aims to shape, influence, elevate, and strengthen the insurance industry through professional growth. With a dedicated workforce of 13 individuals, IASA strives to promote excellence, collaboration, innovation, and community engagement in the insurance sector. For more detailed information about their vision and current activities, visit their website: <https://www.iasa.org/about-us/>.
Official website here: www.iasa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51%, One-Star out of Four Star rating
The Insurance Accounting And Systems Association Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial transparency and management practices. The overall score reflects a low performance in accountability and finance, particularly due to the absence of financial statements and the high liabilities-to-assets ratio.
Despite these weaknesses, the organization does have strengths in its governance structure, with a fully independent board and robust policies in place for conflicts of interest, whistleblowing, and document retention. Additionally, all board meeting minutes are documented, which contributes positively to their overall accountability framework.
However, the lack of accessible financial documents and the high ratio of liabilities compared to assets raises red flags about the organization's financial health and sustainability. Potential donors and stakeholders may want to consider these factors carefully when evaluating their support for the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Insurance Accounting And Systems Association Inc legitimate?
Insurance Accounting And Systems Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Insurance Accounting And Systems 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: $214,474
Professional Fundraising Fees: $0
Other Salaries and Wages: $601,491
For more financial information, click here
Official website here: www.iasa.org
What is the mission statement of Insurance Accounting And Systems Association Inc?
The Insurance Accounting and Systems Association Inc's mission is to foster professional growth, promoting selfless engagement, inclusivity, and conviction within the insurance industry. Their primary goal is to strengthen and elevate the industry by advancing the careers and personal growth of their members and constituents. They achieve this through providing top-notch education and learning opportunities in a collaborative and innovative environment. The organization emphasizes excellence, collaboration, and community engagement, as reflected in their leadership and activities. For the most current and detailed information on their vision and activities, visitors are advised to visit the IASA's website.
Official website here: www.iasa.org
Who is the CEO of Insurance Accounting And Systems Association Inc?
Kerry Crockett is the Member-At-Large From 08/21 of Insurance Accounting And Systems Association Inc. The CEO's salary of Insurance Accounting And Systems Association Inc is $191,017 and their total compensation is $206,218.
Official website here: www.iasa.org
What is the revenue of Insurance Accounting And Systems Association Inc?
Insurance Accounting And Systems Association Inc's revenue in 2022 was $2,339,018.
Official website here: www.iasa.org
Who are the executives of Insurance Accounting And Systems Association Inc and what are their salaries?
The average compensation at Insurance Accounting And Systems Association Inc during 2022 was $62,767. There are 13 employees and 71 volunteers at Insurance Accounting And Systems Association Inc.
Here are 14 key members and their salaries (Insurance Accounting And Systems Association Inc's CEO's salary is $191,017 and their total compensation is $206,218):
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- Compensation: $191,017
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- Other: $15,201
Official website here: www.iasa.org
Where can I find the form 990 for Insurance Accounting And Systems Association Inc?
Insurance Accounting And Systems Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iasa.org
Learn more at the official website: www.iasa.org
Mission Statement of Insurance Accounting And Systems Association Inc
Insurance Accounting and Systems Association Inc, a non-profit organization, is committed to shaping, influencing, elevating, and strengthening the insurance industry. They accomplish this mission by fostering professional growth within their community. This non-profit organization encourages selfless engagement, inclusivity, and conviction among its members and constituents. By delivering top-notch education and learning opportunities in an open and collaborative environment, Insurance Accounting and Systems Association Inc promotes excellence, collaboration, innovation, and community engagement. Their exceptional leadership is instrumental in advancing the careers and personal growth of their members, ultimately contributing to the betterment of the insurance industry. For more detailed information about their current vision and activities, one can visit their official website at https://www.iasa.org/about-us/
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Impact
July, 2024
The Insurance Accounting And Systems Association Inc's impact lies in its dedicated efforts to shape, influence, elevate, and strengthen the insurance industry through professional growth. By fostering an environment of selfless engagement, inclusivity, and conviction, IASA continuously advances careers and personal growth within its community. Through exceptional leadership that promotes excellence, collaboration, innovation, and community engagement, IASA ensures the production of the best education and learning opportunities in an open and sharing environment. This nonprofit organization based in Durham, NC, accelerates professional growth within the insurance industry, positively impacting its members and constituents while contributing to overall community improvement.
This information is meant to be a general summary of Insurance Accounting And Systems 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 2022.
- Investment Income: $51,961
- Program Service Revenue: $1,903,121
- Gross Receipts: $2,487,695
Assets and Liabilities:
- Total Assets: $1,485,537
- Total Liabilities: $1,323,080
- Net Assets: $162,457
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$565,043
MEMBERSHIP DUES
Revenue
$538,607
EXHIBIT FEES
Revenue
$395,500
CONFERENCE SPONSORSHIP
Revenue
$344,105
OTHER CONFERENCE REVEN
Revenue
$32,500
Organization Details
Founding Year
1994
Phone
(919) 489-0991Principal Officer
Kerry Crockett
Main Address
PO BOX 51340, DURHAM, NC, 27717
Website
www.iasa.orgNTEE Category
Code: S41 - Community improvement
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