The Wsia Education Foundation

Organization Overview

The Wsia Education Foundation is located in Kansas City, MO. The organization was established in 1992. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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. Wsia 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 12/2021, Wsia Education Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 22.3% 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

SEE SCHEDULE O.THE WSIA EDUCATION FOUNDATION SUPPORTS THE WSIA EDUCATION PROGRAMS; CHAMPIONS THE ASSOCIATE IN SURPLUS LINES INSURANCE (ASLI) DESIGNATION PROGRAM; SUPPORTS THE AM BEST COMPANY'S ANNUAL REVIEW OF THE SURPLUS LINES SEGMENT; ADMINISTERS STUDENT-FOCUSED EDUCATIONAL PROGRAMS, SYMPOSIUMS, AND SCHOLARSHIPS; AND ATTRACTS NEW TALENT TO THE INDUSTRY THROUGH UNIVERSITY OUTREACH IN COLLABORATION WITH WSIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION UNDERWRITES THE RESEARCH AND PUBLICATION OF THE ANNUAL REVIEW ON THE SURPLUS LINES INDUSTRY. THE FIRST EDITION WAS RELEASED IN THE FALL OF 1994 AND A NEW EDITION IS RELEASED EACH YEAR. THIS PUBLICATION HAS BECOME THE MOST QUOTED SOURCE ON SURPLUS LINES INSURANCE AND PROVIDES A GREAT DEAL OF POSITIVE INSIGHTFUL INFORMATION ABOUT THIS SEGMENT OF THE INSURANCE INDUSTRY. IN ADDITION, THE ORGANIZATION PROVIDES A GRANT FOR THE ANNUAL AM BEST WEBINAR THAT IS CONDUCTED EACH FALL WHICH INCLUDES A PANEL OF INDUSTRY LEADERS IN THE SURPLUS LINES SECTOR OF THE U.S. INSURANCE MARKET. THE PANEL REVIEWS THE MARKET AND PROVIDES A HIGHLIGHT OF THE NEWEST EDITION OF THE REPORT.


THE ORGANIZATION SPONSORS 5 COLLEGE EXTREME RISK TAKERS SYMPOSIUMS EACH YEAR AT VARIOUS GEOGRAPHICAL LOCATIONS. THE ORGANIZATION IS ALSO A SUSTAINING PARTNER FOR THE GAMMA IOTA SIGMA, AN INTERNATIONAL RISK MANAGEMENT INSURANCE AND ACTUARIAL SCIENCE COLLEGIATE FRATERNITY, THAT SERVES OVER 4,000 STUDENT MEMBERS AND FACULTY FROM 76 CHAPTERS BY PROVIDING PROFESSIONAL DEVELOPMENT AND EDUCATIONAL OPPORTUNITIES. THE ORGANIZATION HAS ALSO PLEDGED $1 MILLION TO THE WSIA DIVERSITY FOUNDATION, THE CHARITABLE FOUNDATION FOR THE WHOLESALE, SPECIALTY, AND SURPLUS LINES INDUSTRY WHOSE SOLE PURPOSE IS TO PROMOTE DIVERSITY IN THE AREAS OF RACE, GENDER, SEXUAL ORIENTATION, DISABILITY, ETC., ATTRACT DIVERSE TALENT, AND INFLUENCE MEANINGFUL PROGRESS IN THE DIVERSITY OF THE WSIA MEMBERSHIP AND ITS TALENT PIPELINE.


THE ORGANIZATION SUPPORTS THE ASSOCIATE IN SURPLUS LINES (ASLI) DESIGNATION PROGRAM THAT WAS DEVELOPED IN CONJUNCTION WITH THE INSTITUTES AND PROVIDES A PROFESSIONAL DESIGNATION FOR INSURANCE PROFESSIONALS IN THE WHOLESALE, SPECIALTY AND SURPLUS LINES INDUSTRY. ADDITIONALLY, THE ORGANIZATION SUPPORTS THE UNDERWRITING BOOT CAMP AND WSIA UNIVERSITY EDUCATION PROGRAMS THAT PROVIDE WSIA MEMBERS AN OPPORTUNITY TO CONTINUE THEIR EDUCATION AND EXPAND THEIR KNOWLEDGE OF THE WHOLESALE, SPECIALTY AND SURPLUS LINES MARKET.


THE ORGANIZATION PROVIDES 46 SCHOLARSHIPS FOR COLLEGE AND UNIVERSITY STUDENTS TO ENCOURAGE, SUPPORT AND REWARD EXCEPTIONAL STUDENTS WHO ARE STUDYING RISK MANAGEMENT AND INSURANCE AND EXPRESS AN INTEREST IN THE SURPLUS LINES INDUSTRY.


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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$451,085
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$451,085
Total Program Service Revenue$133,145
Investment income $435,826
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$5,083
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,014,973

Grants Awarded

Over the last fiscal year, The Wsia Education Foundation has awarded $75,000 in support to 3 organizations.

Grant RecipientAmount

Powell, OH

PURPOSE: Educational Grant

$50,000

UNIVERSITY OF SOUTH CAROLINA

PURPOSE: Educational Grant

$15,000

TEMPLE UNIVERSITY

PURPOSE: Educational Grant

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that The Wsia Education Foundation has recieved totaling $40,000.

Awarding OrganizationAmount
The Surplus Lines Association Of North Carolina

Raleigh, NC

PURPOSE: PROGRAM AND SCHOLARSHIP SUPPORT

$25,000
Kemper Educational & Charitable Fund

Winnetka, IL

PURPOSE: PROGRAM SUPPORT

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$530,844
Earnings$10,041
Other Expense$2,500
Ending Balance$538,385

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