Overview
What is The Academy Of Producer Ins Studies Inc?
The Academy of Producer Ins Studies Inc is a nonprofit organization committed to enhancing the knowledge and effectiveness of insurance producers and risk management practitioners. Through comprehensive research, they aim to raise awareness and understanding in this field. Their primary activity involves the sale of industry-related research publications, serving as a valuable resource for professionals in this sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (46%)
The Academy Of Producer Ins Studies Inc has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its financial health and transparency. The organization scored poorly in key accountability and finance metrics, particularly in areas such as program expense ratio (2.61%) and liabilities to assets ratio (36.76%). These figures suggest that a very small percentage of its expenses are directed towards its programs, raising questions about its effectiveness and sustainability.
On a positive note, the organization does have a fully independent board, with all members (13 out of 13) being independent. Additionally, it scores well in some governance practices, such as having documented board meeting minutes and a clear document retention and destruction policy. However, the absence of crucial policies like conflict of interest and whistleblower protections, combined with missing information on its website, detracts significantly from its overall governance and accountability practices.
In summary, while The Academy Of Producer Ins Studies Inc demonstrates strength in board independence and some governance areas, its overall lack of financial transparency and accountability policies presents serious red flags for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Academy Of Producer Ins Studies Inc legitimate?
The Academy Of Producer Ins Studies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Academy Of Producer Ins Studies 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: $7,883,247
For more financial information, click here
What is the mission statement of The Academy Of Producer Ins Studies Inc?
The Academy of Producer Ins Studies Inc is dedicated to conducting research with the primary objective of enhancing awareness, comprehension, and efficiency in the field of insurance producers and risk management practitioners. Through its research efforts, the organization strives to promote understanding and effectiveness within this sector. The organization's activities include the sale of insurance industry research publications to further its mission.
Who is the CEO of The Academy Of Producer Ins Studies Inc?
William J Hold is the Executive Chairman of The Academy Of Producer Ins Studies Inc. The CEO's salary of The Academy Of Producer Ins Studies Inc is $572,867 and their total compensation is $586,592.
What is the revenue of The Academy Of Producer Ins Studies Inc?
The Academy Of Producer Ins Studies Inc's revenue in 2022 was $721,925.
Who are the executives of The Academy Of Producer Ins Studies Inc and what are their salaries?
The average compensation at The Academy Of Producer Ins Studies Inc during 2022 was $70,386. There are 112 employees at The Academy Of Producer Ins Studies Inc.
Here are 19 key members and their salaries (The Academy Of Producer Ins Studies Inc's CEO's salary is $572,867 and their total compensation is $586,592):
- Compensation: $323,895
- Related: $0
- Other: $13,725
- Compensation: $572,867
- Related: $0
- Other: $13,725
- Compensation: $288,198
- Related: $0
- Other: $6,500
- Compensation: $286,356
- Related: $0
- Other: $12,862
- Compensation: $0
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- Compensation: $251,110
- Related: $0
- Other: $11,263
- Compensation: $123,063
- Related: $0
- Other: $5,497
Where can I find the form 990 for The Academy Of Producer Ins Studies Inc?
The Academy Of Producer Ins Studies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Academy Of Producer Ins Studies Inc
The Academy of Producer Ins Studies Inc is dedicated to conducting research with the primary objective of enhancing the awareness, understanding, and effectiveness of insurance producers and risk management practitioners. By carrying out this mission, the organization aims to contribute to the overall improvement of the insurance industry. The Academy's research efforts are focused on raising the bar for those working in the field of insurance production and risk management, thereby promoting best practices and fostering a more efficient industry. The organization's programs primarily involve the sale of research publications, providing valuable resources and insights to industry professionals.
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Impact
July, 2024
The Academy of Producer Ins Studies Inc's impact lies in its dedication to conducting research that enhances the awareness, understanding, and effectiveness of insurance producers and risk management practitioners. By focusing on these areas, the Academy contributes to the development of the insurance industry, ensuring that professionals in the field have access to valuable insights and knowledge. Through its research programs and the sales of industry publications, the Academy plays a crucial role in advancing the expertise and practices within the insurance sector. This ultimately leads to a more informed and efficient insurance industry, benefiting both professionals and the clients they serve.
This information is meant to be a general summary of The Academy Of Producer Ins Studies 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.
- Program Service Revenue: $51,236
- Gross Receipts: $721,925
Assets and Liabilities:
- Total Assets: $3,860,054
- Total Liabilities: $1,418,983
- Net Assets: $2,441,071
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH PROJ. SALES
Revenue
$51,236
Organization Details
Founding Year
1981
Phone
(512) 346-7050Principal Officer
William J Hold
Main Address
3630 NORTH HILLS DR, AUSTIN, TX, 78731
NTEE Category
Code: V03 - Social research
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