United Church Insurance Company Inc
- Assets
- $53.5m
- Revenue
- $36.9m
- Investments
- $10.5m
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 27-0045940
Organization Overview
United Church Insurance Company Inc is located in Cleveland, OH. The organization was established in 2004. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Church Insurance Company Inc 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 12/2021, United Church Insurance Company Inc generated $36.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $41.8m during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CAPTIVE REINSURANCE COMPANY FOR PARTICIPATING CHURCHES AND MINISTRIES OF THE UNITED CHURCH INSURANCE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY IS A REINSURER OF THE UNITED CHURCH INSURANCEASSOCIATION BY FUNDING CERTAIN RISKS WITH COVERAGES INSUREDTHROUGH COMMERCIAL INSURERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy S Harris President/ CEO | Officer | 40 | $0 |
Andrea Gauding Sr. V/p CFO | Officer | 40 | $0 |
Farnaz Berna VP Marketing | Officer | 40 | $0 |
James Howard V/p Operations | Officer | 40 | $0 |
William Whitehead Director | Trustee | 2 | $0 |
Robert Brautigam Director | Trustee | 2 | $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 | $36,442,021 |
| Investment income | $462,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$638 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,904,277 |
| 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 | $111,390 |
| Fees for services: Legal | $16,101 |
| Fees for services: Accounting | $46,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,369 |
| Fees for services: Other | $37,500 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $25,000 |
| Total functional expenses | $41,762,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,923,262 |
| Savings and temporary cash investments | $8,463,902 |
| 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 | $31,339 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,363,564 |
| Investments—other securities | $10,525,207 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $190,879 |
| Total assets | $53,498,153 |
| Accounts payable and accrued expenses | $5,989,600 |
| Grants payable | $0 |
| 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 | $35,996,590 |
| Total liabilities | $41,986,190 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,644,795 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $8,867,168 |
| Total liabilities and net assets/fund balances | $53,498,153 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Ads Alliance Data Systems Inc Employee Benefits Trust Columbus, OH | $17,341,004 | $79,868,187 |
American Institute For Chartered Property Casualty Underwriters Malvern, PA | $315,144,713 | $90,590,145 |
Northwestern Region Employee Norebt Erie, PA | $17,910,540 | $63,223,264 |
United Church Insurance Association Cleveland, OH | $16,856,548 | $69,122,452 |
Western And Southern Life Insurance Company Veba Trust Cincinnati, OH | $9,770,641 | $57,519,736 |
Heritage Group Employee Benefit Trust Indianapolis, IN | $5,252,708 | $48,474,958 |
Lycoming County Insurance Consortium Pooled Tr Canton, PA | $31,566,141 | $41,570,645 |
United Church Insurance Company Inc Cleveland, OH | $53,498,153 | $36,904,277 |
Highmark Voluntary Employees Beneficiary Assoc Pittsburgh, PA | $298,084,249 | $28,151,842 |
Local 8-86 Merck Employees Veba Trust Horsham, PA | $65,449,031 | $42,985,362 |
American United Life Insurance Company Welfare Benefits Trust Indianapolis, IN | $8,410,756 | $27,962,029 |