Overview
What is Nonprofits Insurance Alliance Of California Inc?
Nonprofits Insurance Alliance of California Inc, based in Santa Cruz, California, is a charitable risk pool tailored to the unique insurance needs of California's 501(C)(3) nonprofit organizations. With a mission to provide affordable, appropriate, stable, and specialized insurance coverage, NIAC supports these organizations in effectively and efficiently delivering their services while minimizing risks. The alliance currently serves over 11,000 nonprofits in California, offering training and products to enhance their operations and safety.
Official website here: www.insurancefornonprofits.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Nonprofits Insurance Alliance of California Inc has received a solid rating of 86%, reflecting a strong emphasis on accountability and financial management. The organization's overall score is based entirely on its Accountability & Finance metrics, which showcases its commitment to transparency and responsible resource management.
Key strengths include a fully independent board, with 91% of its members classified as independent, and an exemplary score of 99.75% in program expense ratio, indicating that nearly all funds are directed towards its programs. The organization has robust policies in place, including conflict of interest and whistleblower policies, ensuring ethical governance and accountability.
However, it is worth noting that the organization's liabilities to assets ratio stands at 63%, which may raise some concerns about financial stability. While the nonprofit demonstrates strong governance and transparency, potential donors and stakeholders may want to consider this aspect when evaluating financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Nonprofits Insurance Alliance Of California Inc legitimate?
Nonprofits Insurance Alliance Of California Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nonprofits Insurance Alliance Of California 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
Official website here: www.insurancefornonprofits.org
What is the mission statement of Nonprofits Insurance Alliance Of California Inc?
Nonprofits Insurance Alliance of California (NIAC) serves as a charitable risk pool, dedicated to offering affordable and specialized insurance coverages to various 501(c)(3) nonprofit organizations in California. Their ultimate goal is to assist these nonprofits in effectively and efficiently delivering their services, while minimizing accidents and injuries during the process. NIAC's mission extends beyond insurance, as they provide training and resources to help nonprofits minimize risks and operate safely, ultimately contributing to better outcomes for their communities.
Official website here: www.insurancefornonprofits.org
Who is the CEO of Nonprofits Insurance Alliance Of California Inc?
Pamela Davis is the President & Ceo of Nonprofits Insurance Alliance Of California Inc. The CEO's salary of Nonprofits Insurance Alliance Of California Inc is $0 and their total compensation is $531,638.
Official website here: www.insurancefornonprofits.org
What is the revenue of Nonprofits Insurance Alliance Of California Inc?
Nonprofits Insurance Alliance Of California Inc's revenue in 2022 was $95,011,038.
Official website here: www.insurancefornonprofits.org
Who are the executives of Nonprofits Insurance Alliance Of California Inc and what are their salaries?
There 12 volunteers at Nonprofits Insurance Alliance Of California Inc.
Here are 14 key members and their salaries (Nonprofits Insurance Alliance Of California Inc's CEO's salary is $0 and their total compensation is $531,638):
- Compensation: $0
- Related: $504,278
- Other: $27,360
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $358,962
- Other: $31,363
Official website here: www.insurancefornonprofits.org
Where can I find the form 990 for Nonprofits Insurance Alliance Of California Inc?
Nonprofits Insurance Alliance Of California Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.insurancefornonprofits.org
Learn more at the official website: www.insurancefornonprofits.org
Mission Statement of Nonprofits Insurance Alliance Of California Inc
Nonprofits Insurance Alliance Of California (NIAC) is a charitable risk pool dedicated to providing affordable and specialized insurance coverage to various 501(c)(3) nonprofit organizations in California. By pooling resources together, NIAC offers stable insurance solutions that cater to the unique needs of these nonprofits. The organization goes beyond just insurance, aiming to develop and deliver training and products that enable these organizations to effectively and efficiently deliver their services while minimizing potential accidents and injuries. NIAC's mission is rooted in the belief that by ensuring the well-being of nonprofits, they can continue to make a positive impact in their communities. Through its insurance and support services, NIAC empowers these organizations to focus on their missions without the added burden of insurance concerns.
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Impact
October, 2024
The Nonprofits Insurance Alliance of California Inc (NIAC) plays a vital role in supporting over 11,000 501(c)(3) organizations across California by offering a stable and affordable source of liability insurance tailored specifically to their unique needs. By serving as a charitable risk pool, NIAC ensures that nonprofits can access reasonably priced coverage that enables them to navigate potential risks effectively.
Through its mission, NIAC not only provides essential insurance products but also focuses on training and resources that enhance the operational efficiency of these organizations. This proactive approach helps minimize accidents and injuries during service delivery, ensuring that nonprofits can serve their communities more effectively while maintaining stability in their operations.
Overall, NIAC significantly contributes to the sustainability and resilience of California's nonprofit sector, empowering organizations to fulfill their missions without the burden of excessive insurance costs or the fear of inadequate coverage. By fostering a safer environment for both service providers and their communities, NIAC actively promotes the welfare of numerous individuals impacted by the various services these nonprofits offer.
This information is meant to be a general summary of Nonprofits Insurance Alliance Of California 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: $6,546,777
- Program Service Revenue: $87,995,233
- Gross Receipts: $149,091,765
Assets and Liabilities:
- Total Assets: $405,463,318
- Total Liabilities: $255,465,463
- Net Assets: $149,997,855
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET EARNED PREMIUMS
Revenue
$87,995,233
Organization Details
Founding Year
1988
Phone
(831) 459-0980Principal Officer
Pamela Davis
Main Address
PO BOX 8507, SANTA CRUZ, CA, 95061
NTEE Category
Code: Y200 - Mutual benefit
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