Insurance Legislators Foundation Inc
- Assets
- $41.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Manasquan, NJ
- Founding
- 07/1994
- Data as of
- 12/2021
- EIN
- 39-1781696
Organization Overview
Insurance Legislators Foundation Inc is located in Manasquan, NJ. The organization was established in 1994. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insurance Legislators Foundation 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, Insurance Legislators Foundation Inc generated $115.9k 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 (5.1%) each year. All expenses for the organization totaled $142.9k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
EDUCATE AND INFORM LEGISLATORS ON PUBLIC POLICY ISSUESARISING FROM INSURANCE-RELATED LEGISLATION AND REGULATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Cooley President | 1 | $0 | |
Kevin Cahill Vice President | 1 | $0 | |
Tom Oliverson Treasurer | 1 | $0 | |
Deborah Ferguson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,856 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $115,857 |
| 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 | $142,934 |
| Total expenses | $142,934 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,725 |
| Other assets | $0 |
| Total assets | $41,725 |
| Total liabilities | $20,417 |
| Net assets or fund balances | $21,308 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Insurance Legislators Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Property Casualty Insurance Association Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |
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