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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas Zacharias President | OfficerTrustee | 40 | $414,553 |
Kendall Jones Chairman | OfficerTrustee | 12 | $0 |
Scott Arnold Vice Chairman | OfficerTrustee | 8 | $0 |
Andy Caruso Director | Trustee | 8 | $0 |
Mike Day Director | Trustee | 8 | $0 |
Bob Haney Director | Trustee | 8 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Mechel S Paggi Ag Econ Consultant | 12/30/22 | $135,000 |
Timothy B Witt Ag Econ Consultant | 12/30/22 | $116,365 |
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 |
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. | $732,790 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,137,781 |
Pension plan accruals and contributions | $94,889 |
Other employee benefits | $1,145,878 |
Payroll taxes | $395,461 |
Fees for services: Management | $0 |
Fees for services: Legal | $183,972 |
Fees for services: Accounting | $77,806 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $42,642 |
Fees for services: Other | $238,513 |
Advertising and promotion | $0 |
Office expenses | $481,884 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $418,718 |
Travel | $209,348 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $380,227 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $294,110 |
Insurance | $53,910 |
All other expenses | $78,475 |
Total functional expenses | $11,844,254 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,603,865 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $49,401 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $3,269 |
Prepaid expenses and deferred charges | $254,036 |
Net Land, buildings, and equipment | $4,431,352 |
Investments—publicly traded securities | $7,635,326 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $701,173 |
Total assets | $16,678,422 |
Accounts payable and accrued expenses | $933,131 |
Grants payable | $0 |
Deferred revenue | $110,975 |
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 | $3,440,763 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $555,737 |
Total liabilities | $5,040,606 |
Net assets without donor restrictions | $0 |
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 | $11,637,816 |
Total liabilities and net assets/fund balances | $16,678,422 |