Ohio Insurance Institute

Organization Overview

Ohio Insurance Institute is located in Columbus, OH. The organization was established in 1989. According to its NTEE Classification (Y01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Ohio Insurance Institute employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Insurance Institute 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, Ohio Insurance Institute generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 1.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

REPRESENTATION OF THE OHIO PROPERTY & CASUALTY INSURANCE INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PUBLIC INFORMATION - TO PROMOTE AND TO COMMUNICATE TO THE GENERAL PUBLIC A BETTER UNDERSTANDING OF INSURANCE.


RESEARCH AND EDUCATION - TO OBTAIN NEW INFORMATION ON ALL TYPES OF INSURANCE.


GOVERNMENT AND INDUSTRY RELATIONS - TO COMPILE INFORMATION FOR VARIOUS GOVERNMENT AGENCIES.


PUBLIC INFORMATION; RESEARCH & EDUCATION; GOVERNMENT & INDUSTRY RELATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Dean Fadel
President
$294,850
Kevin Day
Chairman
$0
John Ammendola
Vice Chairma
$0
Terry Mcclaskey
Secretary/tr
$0
Melissa Centers
Trustee
$0
Mark Howard
Trustee
$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$1,789,752
Investment income $592
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 $1,790,344

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Ohio Insurance Institute has recieved totaling $2,500.

Awarding OrganizationAmount
Hylant Family Foundation

Toledo, OH

PURPOSE: HELP OHIOANS ACHIEVE A BETTER UNDERSTANDING OF INSURANCE AND RELATED SAFETY ISSUES BY PROVIDING SERVICES IN PUBLIC INFORMATION, EDUCATION, AND LEGISLATIVE AND REGULATORY AFFAIRS.

$2,500
View Grant Recipient Profile

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