American Risk & Insurance Assn Inc

Organization Overview

American Risk & Insurance Assn Inc is located in Belleair Bluffs, FL. The organization was established in 1965. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, 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. American Risk & Insurance Assn 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, American Risk & Insurance Assn Inc generated $313.5k 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 (4.5%) each year. All expenses for the organization totaled $214.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 7 years. 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

TO FURTHER THE SCIENCE OF RISK AND INSURANCE THROUGH EDUCATION, RESEARCH, LITERATURE AND COMMUNICATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO EXPAND AND IMPROVE ACADEMIC INSTRUCTION TO STUDENTS OF RISK MANAGEMENT AND INSURANCE THROUGH AN EMPHASIS ON THE ECONOMIC, FINANCIAL, LEGAL, MANAGERIAL AND SOCIAL ASPECTS OF RISK AND UNCERTAINTY; TO ENCOURAGE RESEARCH ON ALL SIGNIFICANT ASPECTS OF RISK MANAGEMENT AND INSURANCE, AND TO COMMUNICATE THE FINDINGS; TO PROVIDE FORUMS FOR SCHOLARLY DISCUSSION OF RISK MANAGEMENT AND INSURANCE MATTERS; TO PUBLISH MATERIALS WHICH CONTRIBUTE TO THE GENERAL PURPOSE OF THE ASSOCIATION; TO DEVELOP AND MAINTAIN RELATIONS WITH OTHER AMERICAN AND FOREIGN ORGANIZATIONS WITH SIMILAR OBJECTIVES OR INTERESTS.


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Board, Officers & Key Employees

Name (title)Compensation
Tyler Leverty
President
$0
Randy Dumm
President Elect
$0
Anne Kleffner
Past President
$0
Virginia Phillips
Executive Director
$0
Weili Lu
Board Member
$0
Jeff Czajkowski
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$51,775
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$31,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$82,775
Total Program Service Revenue$199,987
Investment income $30,691
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 $313,453

Endowment Analysis

Beg. Balance$66,972
Ending Balance$66,972

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