Overview
What is Georgia School Boards Association Risk Management Fund?
The Georgia School Boards Association Risk Management Fund is a nonprofit organization that collaborates with local school systems to safeguard their assets and minimize losses through tailored alternatives to conventional insurance. Based in Lawrenceville, Georgia, the fund offers property and liability self-insurance plans, delivering personalized support to members at a professional level. Their team of risk management staff and consultants assist members in mitigating potential risks through comprehensive risk identification, assessment, planning, and physical inspections. This proactive approach allows members to effectively manage their liabilities and property insurance-related services. The fund's mission is to maintain financial integrity while providing superior customized solutions for public schools and education.
Official website here: www.gsba.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Georgia School Boards Association Risk Management Fund has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization has a high score of 90 for its overall accountability and finance, indicating effective management practices and a focus on responsible stewardship of funds.
One of the key strengths of the organization is its governance structure, which features a fully independent board with a significant size of nine members. This independence is crucial for ensuring unbiased decision-making and integrity. Furthermore, the Fund excels in its financial oversight, demonstrated by perfect scores in areas such as audit and oversight committee practices and having no reported material diversions of assets.
However, the organization has a liabilities to assets ratio of 58.35%, which, while not alarming, suggests that it may face moderate financial obligations relative to its assets. Despite this, the Fund maintains a robust program expense ratio of 96.44%, indicating that the vast majority of its resources are directed towards fulfilling its mission and serving its stakeholders effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia School Boards Association Risk Management Fund legitimate?
Georgia School Boards Association Risk Management Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia School Boards Association Risk Management Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.gsba.com
What is the mission statement of Georgia School Boards Association Risk Management Fund?
The Georgia School Boards Association Risk Management Fund partners with local school systems to protect assets and minimize losses through superior customized alternatives to traditional insurance, while maintaining financial integrity. The organization goes beyond the normal service of a commercial insurance broker by building relationships with its members and providing training and information to assist them in managing risks. The fund delivers personal support to its members at the highest professional level for all liability and property insurance related services. A team of risk management staff and consultants are available to help members minimize loss exposures, injuries, and damages through risk identification, assessment, planning, physical inspections, research, and other initiatives specifically focused on public schools and education.
Official website here: www.gsba.com
Who is the CEO of Georgia School Boards Association Risk Management Fund?
Valarie Wilson is the Executive Director of Georgia School Boards Association Risk Management Fund.
Official website here: www.gsba.com
What is the revenue of Georgia School Boards Association Risk Management Fund?
Georgia School Boards Association Risk Management Fund's revenue in 2023 was $37,077,767.
Official website here: www.gsba.com
Who are the executives of Georgia School Boards Association Risk Management Fund and what are their salaries?
There 11 volunteers at Georgia School Boards Association Risk Management Fund.
Here are 12 key members and their salaries:
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- Related: $263,871
- Other: $39,612
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Official website here: www.gsba.com
Where can I find the form 990 for Georgia School Boards Association Risk Management Fund?
Georgia School Boards Association Risk Management Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.gsba.com
Learn more at the official website: www.gsba.com
Mission Statement of Georgia School Boards Association Risk Management Fund
The Georgia School Boards Association Risk Management Fund is a unique partnership that works closely with local school systems to safeguard their assets and minimize potential losses. By offering superior, customized alternatives to traditional insurance, the organization ensures financial integrity while providing personalized support.
The team at the GSBA Risk Management Fund builds strong relationships with its member organizations, going beyond the typical service of a commercial insurance broker. They deliver expert training and information to help members effectively manage their risks. In times of need, the fund provides top-tier professional support for all liability and property insurance-related services. A dedicated team of risk management staff and consultants are on hand to help members minimize their exposure to loss, injuries, and damages through rigorous risk identification, assessment, planning, physical inspections, research, and other specialized initiatives. These state-wide initiatives are tailored to the specific needs of public schools and education.
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Impact
October, 2024
The Georgia School Boards Association Risk Management Fund significantly impacts local school systems by providing tailored, comprehensive protection for property and liability risks. This organization enhances financial stability within schools by minimizing losses through innovative self-insurance solutions that deviate from traditional insurance models.
By fostering strong partnerships with member school systems, the Fund goes beyond standard commercial insurance services. It offers extensive training and resources, empowering members to effectively manage their unique risk exposures. The dedicated team of risk management staff and consultants collaborates closely with schools, engaging in thorough risk identification, assessment, and planning to preemptively mitigate potential losses.
In addition to these proactive measures, the Fund's commitment to delivering personalized support ensures that schools receive expert guidance for all liability and property insurance-related matters. This hands-on approach not only helps in reducing incidents of injury and damage but also cultivates a culture of safety and accountability within educational environments. Overall, the Georgia School Boards Association Risk Management Fund plays a crucial role in strengthening the risk management capabilities of public schools, ultimately safeguarding their assets and promoting financial integrity.
This information is meant to be a general summary of Georgia School Boards Association Risk Management Fund. 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: $995,338
- Program Service Revenue: $36,082,429
- Gross Receipts: $72,913,583
Assets and Liabilities:
- Total Assets: $56,214,007
- Total Liabilities: $32,803,387
- Net Assets: $23,410,620
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUND CONTRIBUTIONS
Revenue
$36,082,429
Organization Details
Founding Year
1994
Phone
(770) 962-2985Principal Officer
Valarie Wilson
Main Address
5120 SUGARLOAF PARKWAY, LAWRENCEVILLE, GA, 30043
Website
www.gsba.comNTEE Category
Code: Y20 - Mutual benefit
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