Overview
What is Mississippi State Rating Bureau?
Mississippi State Rating Bureau is a nonprofit organization situated in Flowood, Mississippi. Its primary purpose revolves around administrating an insurance rating bureau, as mandated by state laws. This role involves assisting its members in complying with the relevant statutes. Essentially, the Mississippi State Rating Bureau serves to oversee insurance ratings within the state, ensuring compliance with the legislative framework in place.
Is Mississippi State Rating Bureau legitimate?
Mississippi State Rating Bureau is a legitimate nonprofit organization registered as a 501(c)(6) entity. Mississippi State Rating Bureau 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:
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Other Salaries and Wages: $1,681,920
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What is the mission statement of Mississippi State Rating Bureau?
The Mississippi State Rating Bureau's mission, as established by state law, is to serve as an administrative body for insurance rating. Its primary role is to assist its members in adhering to the relevant state laws. The bureau operates by administering an insurance rating system, aiming to promote transparency and fairness in the insurance industry. By doing so, the Mississippi State Rating Bureau aims to contribute to a stable and efficient insurance market within the state.
Who is the CEO of Mississippi State Rating Bureau?
Joe Ulmer is the President of Mississippi State Rating Bureau.
What is the revenue of Mississippi State Rating Bureau?
Mississippi State Rating Bureau's revenue in 2022 was $3,777,657.
Who are the executives of Mississippi State Rating Bureau and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Mississippi State Rating Bureau?
Mississippi State Rating Bureau's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mississippi State Rating Bureau
Mississippi State Rating Bureau, as established by state law, serves a crucial role in administering an insurance rating bureau. This organization's mission is to assist its members in complying with the relevant state laws. By operating as an insurance rating bureau, Mississippi State Rating Bureau plays a significant part in ensuring that the insurance industry adheres to the regulatory framework set forth by the state. This organization's activities are centered around providing guidance and support to its members, enabling them to operate within the confines of the established legal framework.
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Impact
October, 2024
The Mississippi State Rating Bureau plays a crucial role in the state's insurance landscape by administering an insurance rating bureau that ensures compliance with state laws. Its efforts help create a structured environment for insurance providers, facilitating fair practices and transparent rates. This organization assists its members in navigating regulatory requirements, ultimately leading to a more stable and reliable insurance market. By fostering adherence to state regulations, the Bureau contributes to community improvement, as it enhances the overall quality of insurance services available to residents and businesses in Mississippi. This stability not only benefits insurance companies but also helps protect consumers, ensuring they have access to appropriate coverage options.
This information is meant to be a general summary of Mississippi State Rating Bureau. 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: $14,225
- Program Service Revenue: $224,149
- Gross Receipts: $3,777,657
Assets and Liabilities:
- Total Assets: $5,867,325
- Total Liabilities: $13,021
- Net Assets: $5,854,304
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSPECTION FEES
Revenue
$204,600
MISCELLANEOUS
Revenue
$16,849
BUREAU SERVICE CHARGES
Revenue
$2,700
Organization Details
Founding Year
1984
Phone
(601) 981-2915Principal Officer
Joe Ulmer
Main Address
6455 WIRTZ ROAD, FLOWOOD, MS, 39232
NTEE Category
Code: S40 - Community improvement
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