Overview
What is Us-China Insurance Promotion Association?
The Us-China Insurance Promotion Association is a nonprofit organization situated in Washington D.C., specifically at 1300 I Street NW Suite 400E. Its primary mission is to foster collaboration and dialogue between life insurance companies and intermediaries from the United States and China. By sharing strategic and practical insights, the association aims to collectively address common industry challenges. In 2022, they successfully delivered two sales training courses for AIA China and hosted several online topical seminars for their member companies. With a modest workforce of one employee, the association continues to promote learning and cooperation between the two nations' insurance sectors.
Is Us-China Insurance Promotion Association legitimate?
Us-China Insurance Promotion Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Us-China Insurance Promotion Association 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: $61,026
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,000
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What is the mission statement of Us-China Insurance Promotion Association?
The Us-China Insurance Promotion Association's mission is to foster dialogue and collaboration between American and Chinese life insurance companies and their intermediaries. Their goal is to share strategic and practical insights on industry challenges, learning from each other, and collectively addressing common issues. In 2022, they accomplished this by developing and delivering sales training courses for AIA China and conducting online seminars for member companies as part of their member benefits.
What is the revenue of Us-China Insurance Promotion Association?
Us-China Insurance Promotion Association's revenue in 2024 was $132,985.
Who are the executives of Us-China Insurance Promotion Association and what are their salaries?
The average compensation at Us-China Insurance Promotion Association during 2024 was $85,026. There is 1 employee and 3 volunteers at Us-China Insurance Promotion Association.
Here are 3 key members and their salaries:
- Compensation: $61,026
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Us-China Insurance Promotion Association?
Us-China Insurance Promotion Association's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Us-China Insurance Promotion Association
The Us-China Insurance Promotion Association's mission is centered around fostering dialogue and cooperation between American and Chinese life insurance companies, as well as their intermediaries. This organization aims to address the strategic and practical challenges that the industry encounters on a daily basis, leveraging the collective wisdom of both parties to overcome common issues. By promoting collaboration, the association seeks to facilitate learning and growth within the life insurance sector, ultimately benefiting both the U.S. and Chinese industries. In 2022, the Us-China Insurance Promotion Association demonstrated its commitment to this mission by delivering sales training courses for AIA China and conducting topical online seminars for its member companies as part of their member benefits.
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Impact
October, 2024
The Us-China Insurance Promotion Association plays a pivotal role in fostering collaboration and mutual understanding between life insurance companies and their intermediaries in the U.S. and China. By facilitating dialogue on strategic and practical issues, the organization helps both markets tackle common challenges and share best practices.
In 2022, the association made significant strides by developing and delivering two sales training courses specifically for AIA China. These initiatives not only enhance the skills of professionals in the industry but also promote a culture of continuous learning and improvement. Additionally, the organization conducted several online topical seminars, providing member companies with valuable insights and resources that address contemporary issues in the insurance sector.
Through these activities, the Us-China Insurance Promotion Association effectively strengthens the ties between the two nations’ life insurance industries, enabling them to learn from each other's experiences and expertise. This collaborative approach leads to enhanced services for clients and improved operational efficiencies, ultimately benefiting the broader market.
This information is meant to be a general summary of Us-China Insurance Promotion Association. 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 2024.
- Program Service Revenue: $132,980
- Gross Receipts: $132,985
Assets and Liabilities:
- Total Assets: $105,367
- Total Liabilities: $81,275
- Net Assets: $24,092
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sales
Revenue
$88,980
membership fees
Revenue
$44,000
Organization Details
Founding Year
2016
Principal Officer
Baoliang Sheng
NTEE Category
Code: Y00 - Mutual benefit
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