Insurance Regulator Education Foundation
- Assets
- $114.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 03/1998
- Data as of
- 12/2023
- EIN
- 36-4188234
Organization Overview
Insurance Regulator Education Foundation is located in Springfield, IL. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insurance Regulator 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, Insurance Regulator Education Foundation generated $50.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $60.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE CONTINUING EDUCATION ASSISTANCE FOR INDIVIDUALS WITH THE INSURANCE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Schacht President | 2 | $0 | |
Steve Kinion Treasurer | 2 | $0 | |
Lynne Hepler Director | 2 | $0 | |
John Clark Director | 2 | $0 | |
Paige D Waters Director | 2 | $0 | |
Laura Minzer Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,151 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$377 |
| Other Revenue | $0 |
| Total Revenue | $50,774 |
| 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 | $2,660 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $57,364 |
| Total expenses | $60,024 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $114,367 |
| Other assets | $0 |
| Total assets | $114,367 |
| Total liabilities | $0 |
| Net assets or fund balances | $114,367 |