Overview
What is Wholesale & Specialty Insurance Association?
The Wholesale & Specialty Insurance Association is a nonprofit organization based in Kansas City, Missouri, specifically at 4131 N Mulberry Drive Suite 200. This association is dedicated to the interests of insurance professionals and specialty market leaders within the wholesale distribution system. They advocate for their members and the significant role they play in the insurance market through networking, education, talent development, regulatory and legislative advocacy, and promoting the value of the wholesale distribution channel. The association offers various opportunities for its members throughout the year, including industry networking meetings and member education programs. Their mission is to represent and support the wholesale, specialty, and surplus lines industry through various initiatives. The Wholesale & Specialty Insurance Association currently employs 17 individuals.
Official website here: www.wsia.org
What are the reviews and ratings of this charity?
The Wholesale & Specialty Insurance Association is not currently rated by Charity Navigator. This is due to the organization not meeting eligibility criteria, as it is not a 501(c)(3) nonprofit. Charity Navigator typically evaluates organizations based on accountability, finance, and impact, but these assessments are not possible for this association due to its classification.
The absence of a rating from Charity Navigator should not be interpreted as either inherently positive or negative for the Wholesale & Specialty Insurance Association. Ratings require specific data from Form 990 filings and related evaluations, which are focused on 501(c)(3) organizations. Therefore, the organization remains unrated due to its foundation status and revenue model.
There are no user reviews available for the Wholesale & Specialty Insurance Association on GreatNonprofits. Consequently, direct feedback from individuals about their experiences with the organization could not be gathered, leaving a gap in public sentiment insights about its operations and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Wholesale & Specialty Insurance Association legitimate?
Wholesale & Specialty Insurance Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Wholesale & Specialty Insurance 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: $745,847
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,642,329
For more financial information, click here
Official website here: www.wsia.org
What is the mission statement of Wholesale & Specialty Insurance Association?
The Wholesale & Specialty Insurance Association is a non-profit organization that represents the interests of insurance professionals and leaders in the specialty market, dedicated to the wholesale distribution system. Its mission is to advocate for its members and the valuable role they play in the insurance market through various means. The Association fosters networking and education opportunities, supports talent recruitment and development, and engages in regulatory and legislative advocacy for the wholesale, specialty, and surplus lines industry. Furthermore, it promotes the value of the wholesale distribution channel within the insurance sector.
Official website here: www.wsia.org
What is the revenue of Wholesale & Specialty Insurance Association?
Wholesale & Specialty Insurance Association's revenue in 2023 was $13,594,086.
Official website here: www.wsia.org
Who are the executives of Wholesale & Specialty Insurance Association and what are their salaries?
The average compensation at Wholesale & Specialty Insurance Association during 2023 was $188,232. There are 18 employees and 21 volunteers at Wholesale & Specialty Insurance Association.
Here are 27 key members and their salaries:
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- Other: $51,359
Official website here: www.wsia.org
Where can I find the form 990 for Wholesale & Specialty Insurance Association?
Wholesale & Specialty Insurance Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wsia.org
Learn more at the official website: www.wsia.org
Mission Statement of Wholesale & Specialty Insurance Association
The Wholesale & Specialty Insurance Association, a non-profit organization, is a community of insurance professionals and specialty market leaders dedicated to the wholesale distribution system. This esteemed association advocates for its members and the indispensable role they play in the insurance market through networking, education, talent recruitment and development, regulatory and legislative advocacy for the wholesale, specialty, and surplus lines industry, and by championing the value of the wholesale distribution channel.
In the dynamic realm of insurance, the Wholesale & Specialty Insurance Association stands as a formidable force, uniting industry experts and trailblazers in their shared mission to represent the interests of its members. By fostering connections among its members, the Association facilitates partnerships, knowledge exchange, and collaboration, ultimately strengthening the insurance industry as a whole.
Moreover, the Wholesale & Specialty Insurance Association is committed to nurturing the next generation of insurance professionals through education and talent development initiatives. By investing in the growth of its members, the Association ensures the continued success and vitality of the wholesale distribution system. Additionally, the Association's regulatory and legislative advocacy efforts protect and promote the interests of its members, shielding them from potential threats and enabling them to thrive in an ever-changing insurance landscape.
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Impact
October, 2024
The Wholesale & Specialty Insurance Association (WSIA) plays a crucial role in shaping the landscape of the wholesale distribution system within the insurance industry. By representing the interests of its members, WSIA fosters a collaborative environment that enhances networking opportunities and professional development.
Through industry-specific events such as the Annual Marketplace and Underwriting Summit, members can connect and exchange insights, which strengthens the industry as a whole. Educational programs offered by WSIA, including specialized training in excess and surplus lines, executive leadership, and consultative selling, equip insurance professionals with the skills needed to navigate complex market challenges.
Additionally, WSIA is actively involved in regulatory and legislative advocacy, ensuring that the unique needs of the wholesale, specialty, and surplus lines markets are considered in policy-making. This advocacy is vital for maintaining industry standards and promoting the value of the wholesale distribution channel.
By building a robust network and providing essential resources, WSIA not only enhances the capabilities of its members but also contributes to the overall health and innovation of the insurance market.
This information is meant to be a general summary of Wholesale & Specialty Insurance 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 2023.
- Investment Income: $611,432
- Program Service Revenue: $12,948,775
- Gross Receipts: $13,940,771
Assets and Liabilities:
- Total Assets: $18,434,483
- Total Liabilities: $4,010,656
- Net Assets: $14,423,827
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MARKETPLACE
Revenue
$7,452,150
MEMBERSHIP DUES
Revenue
$2,681,199
UNDERWRITING SUMMIT
Revenue
$1,574,425
U40 & INSURTECH CONFERENCE
Revenue
$643,000
EDUCATION PROGRAMS
Revenue
$598,001
Organization Details
Founding Year
1926
Principal Officer
Brady Kelley
Website
www.wsia.orgNTEE Category
Code: Y20 - Mutual benefit
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