National Crop Insurance Services Incorporated

Organization Overview

National Crop Insurance Services Incorporated is located in Overland Park, KS. The organization was established in 1990. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, National Crop Insurance Services Incorporated employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Crop Insurance Services Incorporated 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, National Crop Insurance Services Incorporated generated $12.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $11.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

INFO SERVICES TO MEMBERS PROVIDING RISK MANAGEMENT TO THOSE WHO GROW CROPS OR ARE EXPOSED TO WEATHER PERILS, INCLUDING ACCUMULATING/ANALYZING STATS ON VARIOUS CROP INSURANCES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COLLECTION AND PROCESSING OF STATISTICS FROM 14 MEMBER GROUPS WRITING CROP-HAIL INSURANCE IN 50 STATES AND MPCI INSURANCE.


LOSS COST ANALYSES: FILING AND PUBLICATION OF LOSS COST AND INSURANCE FORMS IN 50 STATES. FILED REVISED CROP-HAIL LOSS COSTS WITH STATE INSURANCE DEPARTMENTS IN 2022 TO BE EFFECTIVE IN 2023.


CROP INSURANCE RESEARCH AND LOSS ADJUSTMENT PROCEDURE EVALUATION; 20 CROP INSURANCE RESEARCH PROJECTS IN 12 LOCATIONS. EIGHTEEN REGIONAL/STATE COMMITTEES. ADJUSTER TRAINING; CROP INSURANCE WORKSHOPS AND SCHOOLS.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Zacharias
President
$414,553
Kendall Jones
Chairman
$0
Scott Arnold
Vice Chairman
$0
Andy Caruso
Director
$0
Mike Day
Director
$0
Bob Haney
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mechel S Paggi
Ag Econ Consultant
$135,000
Timothy B Witt
Ag Econ Consultant
$116,365
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $274,265
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$274,265
Total Program Service Revenue$11,866,898
Investment income $259,286
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $154,925
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,641,887

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