Overview
What is Iiaa Education Foundation Inc?
Iiaa Education Foundation Inc, located in North Little Rock, Arkansas, is a nonprofit organization dedicated to providing training facilities and support for insurance agents in the state. Their mission is centered around the development and enhancement of professionals within the insurance industry in Arkansas. The foundation offers a comprehensive range of educational resources and assistance, thereby contributing to the overall growth and success of its members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star Rating
The Iiaa Education Foundation Inc has received a 33% score from Charity Navigator, which results in a Zero-Star rating. This rating primarily reflects weaknesses in accountability and financial metrics, which are crucial for donor trust and organizational effectiveness. The organization does maintain a fully independent board, demonstrating a commitment to governance, but this is overshadowed by significant deficiencies in financial transparency.
Strengths noted include the board's independence, with 100% of its members being independent and a well-maintained record of board meeting minutes. However, critical organizational policies such as a conflict of interest policy and a whistleblower policy are missing, raising concerns about ethical practices and accountability. Additionally, the lack of a public-facing website is a major shortcoming, restricting access to vital information for stakeholders.
Financially, the organization is underperforming, with program expenses constituting only 22.01% of its total expenditures, which is below the expected standard for effective nonprofits. The liabilities to assets ratio is also concerning at 23.46%, suggesting potential financial instability. Overall, while there are some governance strengths, the significant lack of transparency and financial efficiency raises red flags for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Iiaa Education Foundation Inc legitimate?
Iiaa Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iiaa Education Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Iiaa Education Foundation Inc?
The Iiaa Education Foundation Inc is dedicated to providing training and support for professionals in the insurance industry. Their primary mission is to establish a facility where insurance agents in Arkansas can enhance their skills and knowledge. This organization aims to contribute to the overall growth and development of the insurance sector by equipping its members with the necessary tools and resources. By fostering a conducive learning environment, the foundation encourages continuous professional development among its members, ultimately benefiting both the individuals and the industry as a whole.
Who is the CEO of Iiaa Education Foundation Inc?
Tim White is the Director of Iiaa Education Foundation Inc.
What is the revenue of Iiaa Education Foundation Inc?
Iiaa Education Foundation Inc's revenue in 2023 was $160,820.
Who are the executives of Iiaa Education Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Iiaa Education Foundation Inc?
Iiaa Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Iiaa Education Foundation Inc
The Iiaa Education Foundation Inc is committed to providing training and support for members within the insurance industry in Arkansas. Their mission is centered around establishing a facility that serves as a resource for insurance agents in the state, aiming to enhance their skills and knowledge within the industry. The foundation's primary goal is to contribute to the professional growth of insurance professionals, thereby strengthening the insurance sector 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
Iiaa Education Foundation Inc significantly enhances the insurance industry in Arkansas by focusing on the training and support of insurance agents. By providing a dedicated training facility in North Little Rock, the organization plays a vital role in equipping agents with essential skills and knowledge. This commitment to professional development empowers agents to perform effectively, ultimately leading to improved services and a stronger industry overall. The foundation's efforts contribute to fostering a more knowledgeable workforce, which benefits both agents and the communities they serve through better insurance practices and informed decision-making.
This information is meant to be a general summary of Iiaa Education Foundation 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 2023.
- Investment Income: $619
- Gross Receipts: $160,820
Assets and Liabilities:
- Total Assets: $1,423,830
- Total Liabilities: $334,041
- Net Assets: $1,089,789
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2004
Phone
(501) 221-2444Principal Officer
Tim White
Main Address
5000 NORTHSHORE DRIVE, NORTH LITTLE ROCK, AR, 72118
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Iiaa Education Foundation Inc 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.