National Insurance Producer Registry
- Assets
- $100.8m
- Revenue
- $70.0m
- Investments
- $6.0m
- Employees
- 121
- Location
- Kansas City, MO
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 43-1763793
Organization Overview
National Insurance Producer Registry, operating under the name Nipr, is located in Kansas City, MO. The organization was established in 1998. 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. As of 12/2022, Nipr employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nipr 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 12/2022, Nipr generated $70.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $60.2m during the year ending 12/2022. While expenses have increased by 10.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NIPR IS A NOT-FOR-PROFIT TECHNOLOGY COMPANY THAT PROVIDES COST-EFFECTIVE, STREAMLINED AND UNIFORM LICENSING DATA AND COMPLIANCE SERVICES FOR INSURANCE PROFESSIONALS. TOGETHER WITH THE NAIC AND THE INSURANCE INDUSTRY, NIPR PROTECTS AND SERVES INSURANCE CONSUMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NIPR SUPPORTS THE MEMBERS OF THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS, A 501(C)(3) ORGANIZATION, THROUGH A SERVICE AGREEMENT, BY ASSISTING IN MAINTAINING THE NAIC'S STATE PRODUCER LICENSING DATABASE WHICH CONTAINS RECORDS REGARDING INSURANCE AGENTS AND OTHER SUCH PRODUCERS THROUGHOUT THE FIFTY STATES, THE DISTRICT OF COLUMBIA, GUAM, PUERTO RICO AND THE VIRGIN ISLANDS. THESE RECORDS ARE ACCESSED ELECTRONICALLY BY THE INSURANCE COMMISSIONERS OF ALL SUCH JURISDICTIONS AND THEIR STAFFS AND MAY BE EMPLOYED TO EXPEDITE THE PRODUCER LICENSING ACTIVITIES THEREOF. THE PRODUCER DATABASE MAY BE ACCESSED BY INSURANCE COMPANIES. IN ADDITION, THE GATEWAY FACILITATES THE PRODUCER LICENSING, APPOINTMENT AND TERMINATION PROCESS BETWEEN STATE INSURANCE REGULATORS AND THE INSURANCE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
The Honorable Larry Deiter Director President | OfficerTrustee | 1 | $0 |
David Leifer Director Vice President | OfficerTrustee | 1 | $0 |
The Honorable Elizabeth Dwyer Director Secretary/treasurer | OfficerTrustee | 1 | $0 |
Wesley Bissett Director | Trustee | 1 | $0 |
The Honorable Sharon Clark Director | Trustee | 1 | $0 |
Michael Consedine Director And CEO Of Naic | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sogeti Consulting | 12/30/22 | $2,584,950 |
Premier Tech Inc Consulting | 12/30/22 | $1,453,336 |
Tricom Technical Service Lc Consulting | 12/30/22 | $1,092,412 |
Apex Systems Llc Consulting | 12/30/22 | $726,038 |
Kforce Consulting | 12/30/22 | $210,388 |
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 | $67,467,354 |
| Investment income | $1,629,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $893,961 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,990,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,311,724 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,311,181 |
| Pension plan accruals and contributions | $773,316 |
| Other employee benefits | $2,473,624 |
| Payroll taxes | $913,220 |
| Fees for services: Management | $345,572 |
| Fees for services: Legal | $81,654 |
| Fees for services: Accounting | $29,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $121,923 |
| Fees for services: Other | $2,802,402 |
| Advertising and promotion | $252,121 |
| Office expenses | $202,148 |
| Information technology | $13,963,933 |
| Royalties | $25,549,116 |
| Occupancy | $73,551 |
| Travel | $521,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $2,050 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $152,482 |
| All other expenses | $0 |
| Total functional expenses | $60,234,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,575,707 |
| Savings and temporary cash investments | $35,289,150 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,611,639 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,058,934 |
| Net Land, buildings, and equipment | $3,037,195 |
| Investments—publicly traded securities | $46,280,937 |
| Investments—other securities | $5,982,137 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $100,835,699 |
| Accounts payable and accrued expenses | $7,800,759 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,800,759 |
| Net assets without donor restrictions | $93,034,940 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $100,835,699 |