Alabama Insurance & Risk Management Education Foundation
- Assets
- $233.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Foley, AL
- Founding
- 11/2008
- Data as of
- 12/2023
- EIN
- 26-2707064
Organization Overview
Alabama Insurance & Risk Management Education Foundation is located in Foley, AL. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Insurance & Risk Management Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Alabama Insurance & Risk Management Education Foundation generated $139.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $102.9k during the year ending 12/2023. While expenses have increased by 5.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION'S ANNUAL ALABAMA INSURANCE DAY (I-DAY) PROVIDES THE LATEST INFORMATION AND EDUCATION PERTINENT TO THE INSURANCE INDUSTRY. ANY PROFITS FROM THE EVENT PROVIDE SCHOLARSHIPS AND OTHER BENEFITS TO STUDENTS ENROLLED IN INSURANCE & FINANCIAL SERVICES, RISK MANAGEMENT, AND ACTUARIAL SCIENCE PROGRAMS AT THE UNIVERSITY OF ALABAMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Brunson Board Member | 0.5 | $0 | |
Jimmy Dill Board Member | 0.5 | $0 | |
Jim Priester Board Member | 0.5 | $0 | |
Bill Rabel Board Member | 0.5 | $0 | |
Don Curtin Board Member | 0.5 | $0 | |
C Dennis Hughes Chairman | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,700 |
| Total Program Service Revenue | $27,030 |
| Membership dues | $1,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $139,730 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $102,933 |
| Total expenses | $102,933 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $169,554 |
| Other assets | $0 |
| Total assets | $233,138 |
| Total liabilities | $1,975 |
| Net assets or fund balances | $231,163 |