American Society Of Workers Compensation Ins Professionals Inc
- Assets
- $405.6k
- Revenue
- $255.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 13-4036243
Organization Overview
American Society Of Workers Compensation Ins Professionals Inc is located in Indianapolis, IN. The organization was established in 1999. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Society Of Workers Compensation Ins Professionals Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, American Society Of Workers Compensation Ins Professionals Inc generated $255.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $272.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN THE INTEGRITY AND DEGREE OF EXCELLENCE IN THE FIELD OF WORKERS' COMPENSATION BY PROVIDING A PROFESSIONAL DESIGNATION UPON FULFILLMENT OF VARIOUS CRITERIA, INCLUDING SUCCESSFUL COMPLETION
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKERS COMPENSATION PROFESSIONAL DESIGNATION PROGRAM IS AVAILABLE ON-LINE VIA SELF STUDY; OR THROUGH INSTRUCTOR LED COURSES WITH PARTNERING UNIVERSITIES. THERE ARE OVER 1,000 PEOPLE WHO HAVE ACHIEVED THIS DESIGNATION.
AMCOMP MEMBER GATHER EACH YEAR FOR THE ANNUAL MEETING. APPROXIMATELY 125-175 WORKERS' COMPENSATION PROFESSIONALS MEET TO DISCUSS LEGISLATIVE UPDATES, INDUSTRY TRENDS, AND IMPORTANT EDUCATION RELATED TO THE WORKERS' COMPENSATION FIELD.
A ONE-DAY MEETING IS HELD EACH YEAR TO DISCUSS INDUSTRY TRENDS, NETWORK, AND HEAR WORKERS' COMPENSATION UPDATES. APPROXIMATELY 100 PROFESSIONALS ATTEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Fenster President | Officer | 0 | $0 |
Don Decarlo Chairman Emeritus & Founder | Officer | 0 | $0 |
Elizabeth Heck Chair | Officer | 0 | $0 |
Mark W Hamberger Director | Officer | 0 | $0 |
Marty Ovens Director | Officer | 0 | $0 |
Thomas J Phelan Director | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $255,778 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $87,008 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,663 |
| Office expenses | $0 |
| Information technology | $5,990 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,867 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,051 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,275 |
| All other expenses | $22,961 |
| Total functional expenses | $272,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $359,521 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,056 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $405,577 |
| Accounts payable and accrued expenses | $5,274 |
| Grants payable | $12,669 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,943 |
| Net assets without donor restrictions | $387,634 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $405,577 |
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