Risk & Insurance Management Society Of New Jersey Inc
- Assets
- $165.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Trenton, NJ
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 22-3597104
Organization Overview
Risk & Insurance Management Society Of New Jersey Inc is located in Trenton, NJ. The organization was established in 2001. 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. Risk & Insurance Management Society Of New Jersey 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, Risk & Insurance Management Society Of New Jersey Inc generated $42.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $28.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
HOSTED SEMINARS & EDUCATIONAL PROGRAMS FOR MEMBERS TO ADVANCE THEORIESON RISK MANAGEMENT AND INSURANCE. PROVIDE SCHOLARSHIP FUNDS TO STUDENTS STUDYING RISK MANAGEMENT AND INSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Neglia Director | 1 | $0 | |
Karyn Connor Secretary | 1 | $0 | |
Kathleen Adamik Director | 1 | $0 | |
Kenrich Bergmann Director | 1 | $0 | |
Matylda Spataro Vice President | 1 | $0 | |
Vitaliy Mikhats Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $10,703 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $32,031 |
| Other Revenue | $0 |
| Total Revenue | $42,740 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $560 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,033 |
| Total expenses | $28,593 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $165,517 |
| Other assets | $0 |
| Total assets | $165,517 |
| Total liabilities | $0 |
| Net assets or fund balances | $165,517 |
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