Overview
What is United Church Insurance Association?
United Church Insurance Association is a nonprofit organization based in Cleveland, Ohio, with an address at 1468 WEST NINTH ST 350. Their mission is to provide churches, conferences, regions, synods, presbyteries, and related ministries within the United Church of Christ and other denominations in formal covenant and full communion with the United Church of Christ with a cost-effective, integrated risk management and insurance program. The Association's primary activity revolves around supporting and protecting these religious institutions from financial losses through property and casualty risk and insurance management. With a team of approximately 30 employees, United Church Insurance Association serves its mission diligently.
Official website here: www.insuranceboard.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star rating
The United Church Insurance Association has achieved a strong 94% score from Charity Navigator, reflecting a commitment to accountability and finance. This rating is based entirely on their performance in these areas, indicating that the organization operates with a high level of transparency and fiscal responsibility.
One of the key strengths of the organization is its governance structure, featuring a fully independent board comprised of 21 members, alongside robust financial oversight mechanisms. Their policies on conflict of interest, whistleblower protections, and document retention are well-documented, demonstrating a commitment to ethical practices.
While the organization shows an impressive program expense ratio of 98.25%, which suggests that a significant portion of their funds is directed towards their mission, their liabilities to assets ratio at 52.77% could be seen as a potential area for improvement. Overall, the United Church Insurance Association stands out for its financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is United Church Insurance Association legitimate?
United Church Insurance Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. United Church 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: $887,314
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.insuranceboard.org
What is the mission statement of United Church Insurance Association?
The United Church Insurance Association is dedicated to supporting and safeguarding churches and related ministries within the United Church of Christ and other denominations in formal covenant and full communion with the United Church of Christ. Through their integrated risk management and insurance program, they offer financial protection against losses for churches, conferences, regions, synods, presbyteries, and related ministions within the denominations they serve. The association's mission is to provide a cost-effective solution for risk and insurance management, thereby enabling these religious organizations to focus on their core mission.
Official website here: www.insuranceboard.org
Who is the CEO of United Church Insurance Association?
Timothy S Harris is the Principal Officer of United Church Insurance Association. The CEO's salary of United Church Insurance Association is $344,340 and their total compensation is $420,614.
Official website here: www.insuranceboard.org
What is the revenue of United Church Insurance Association?
United Church Insurance Association's revenue in 2022 was $75,130,237.
Official website here: www.insuranceboard.org
Who are the executives of United Church Insurance Association and what are their salaries?
The average compensation at United Church Insurance Association during 2022 was $29,577. There are 30 employees at United Church Insurance Association.
Here are 28 key members and their salaries (United Church Insurance Association's CEO's salary is $344,340 and their total compensation is $420,614):
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- Compensation: $344,340
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- Compensation: $197,830
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- Compensation: $184,053
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- Compensation: $153,600
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Official website here: www.insuranceboard.org
Where can I find the form 990 for United Church Insurance Association?
United Church Insurance Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.insuranceboard.org
Learn more at the official website: www.insuranceboard.org
Mission Statement of United Church Insurance Association
United Church Insurance Association, a key organization within the religious community, is dedicated to safeguarding churches and associated church ministries under the United Church of Christ and other denominations that hold formal covenant and full communion with the United Church of Christ. By offering property and casualty risk and insurance management services, United Church Insurance Association shields these religious entities from financial losses.
The mission of United Church Insurance Association is multifaceted. In simple terms, the association exists to support and protect churches and related church ministries, ensuring they are financially secure. This commitment to risk management and insurance is a crucial aspect of United Church Insurance Association's role in the religious community.
By providing a comprehensive, cost-effective risk management and insurance program, United Church Insurance Association enables churches, conferences, regions, synods, presbyteries, and related ministions within the denominations it serves to focus on their core mission: fostering spiritual growth and community building. The association's integrated approach to risk management and insurance allows these religious entities to mitigate potential financial risks and invest their resources more effectively. This, in turn, empowers them to better serve their members and fulfill their sacred duties.
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Impact
October, 2024
United Church Insurance Association has a significant impact by supporting and protecting churches and related ministries within the United Church of Christ and other denominations in covenantal relationships. By providing cost-effective, integrated risk management and insurance programs, the Association helps mitigate financial risks that these organizations face. This protection extends to churches, conferences, regions, synods, presbyteries, and related ministries, ensuring they can focus on their mission without the burden of potential financial loss. The Association's services foster a safer and more secure environment, allowing these faith communities to thrive and serve their congregations and wider communities effectively.
This information is meant to be a general summary of United Church 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 2022.
- Investment Income: $22,172
- Program Service Revenue: $73,108,065
- Gross Receipts: $75,130,237
Assets and Liabilities:
- Total Assets: $14,999,464
- Total Liabilities: $7,915,326
- Net Assets: $7,084,138
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PROGRAMS
Revenue
$73,108,065
Organization Details
Founding Year
1985
Phone
(216) 736-3238Principal Officer
Timothy S Harris
Main Address
1468 WEST NINTH ST 350, CLEVELAND, OH, 44113
Website
www.insuranceboard.orgNTEE Category
Code: Y200 - Mutual benefit
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