Nonprofit Risk Management Center
- Assets
- $1.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Leesburg, VA
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 52-1766868
Organization Overview
Nonprofit Risk Management Center is located in Leesburg, VA. The organization was established in 2003. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Nonprofit Risk Management Center employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nonprofit Risk Management Center 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 12/2022, Nonprofit Risk Management Center generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $925.7k during the year ending 12/2022. While expenses have increased by 2.4% 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
NRMC'S MISSION IS TO INSPIRE EFFECTIVE RISK MANAGEMENT AND RISK CHAMPIONS ACROSS THE NONPROFIT SECTOR. NRMC PROVIDES EDUCATIONAL RESOURCES, MEMBER SUPPORT, TRAINING, WEB APPLICATIONS AND CONSULTING SERVICES COVERING A WIDE SPAN OF RISK ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSULTING SERVICES - NRMC IS A TRUSTED ADVISOR TO LARGE AND COMPLEX NONPROFIT ORGANIZATIONS, ASSOCIATIONS, FEDERATIONS AND UMBRELLA GROUPS. NRMC'S CONSULTING FUNCTION EMPOWERS LEADERSHIP TEAMS TO STRENGTHEN THEIR RISK MANAGEMENT CAPABILITIES. EXAMPLES OF CONSULTING ENGAGEMENTS INCLUDE RISK ASSESSMENTS, INSURANCE COVERAGE REVIEWS, THE DESIGN AND IMPLEMENTATION OF ENTERPRISE RISK MANAGEMENT FRAMEWORKS, GOVERNANCE ASSESSMENTS, YOUTH PROTECTION PROGRAM DEVELOPMENT, AND THE DESIGN AND DELIVERY OF CUSTOM TRAINING PROGRAMS AND MATERIALS. NRMC ALSO DEVELOPS RISK-THEMED WEB PORTALS FOR USE BY NONPROFIT LEADERS, AS WELL AS CUSTOM VERSIONS OF WEB APPLICATIONS FOR THE MEMBERS, AFFILIATES, CHAPTERS AND CUSTOMERS OF LARGE ORGANIZATIONS.
EDUCATIONAL RESOURCES - THIS PROGRAM INCLUDES THE FREE AND AFFORDABLE EDUCATIONAL SERVICES AND RESOURCES DEVELOPED AND DELIVERED BY NRMC TO THOUSANDS OF MISSION-DRIVEN NONPROFIT ORGANIZATIONS. EDUCATIONAL RESOURCES ARE PROVIDED TO AFFILIATE MEMBERS AND THE WIDER NONPROFIT SECTOR. NRMC'S EDUCATIONAL RESOURCES INCLUDE: NONPROFITRISK.ORG, RISK-RESOURCES.ORG, AFFILIATE MEMBER RESOURCES, RLCP, ERLCP, INTERACTIVE WEB APPLICATIONS, ARTICLES, FACTSHEETS, INFOGRAPHICS, TUTORIALS, THE RISK ENEWS, RISK MANAGEMENT ESSENTIALS, WEBINARS AND BOOKS.
CONFERENCES - NRMC HOSTS AN ANNUAL RISK SUMMIT FOR RISK, LEGAL AND FINANCIAL PROFESSIONALS FROM THE NONPROFIT AND INSURANCE SECTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Vaughan President | OfficerTrustee | 1 | $0 |
Joseph Budzynski Treasurer | OfficerTrustee | 1 | $0 |
David Kyllo Secretary | OfficerTrustee | 1 | $0 |
Heather Chadwick Director | Trustee | 1 | $0 |
Paul Doman Director | Trustee | 1 | $0 |
Lisa Prinz Director | Trustee | 1 | $0 |
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 | $302,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,730 |
| Total Program Service Revenue | $769,405 |
| Investment income | $2,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,804 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,089,632 |
| 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. | $301,556 |
| Compensation of current officers, directors, key employees. | $59,068 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,584 |
| Pension plan accruals and contributions | $12,547 |
| Other employee benefits | $23,427 |
| Payroll taxes | $32,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,884 |
| Advertising and promotion | $0 |
| Office expenses | $35,423 |
| Information technology | $33,206 |
| Royalties | $0 |
| Occupancy | $53,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,705 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,082 |
| Insurance | $17,354 |
| All other expenses | $365 |
| Total functional expenses | $925,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,324 |
| Savings and temporary cash investments | $782,307 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,951 |
| Prepaid expenses and deferred charges | $16,939 |
| Net Land, buildings, and equipment | $22,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $379,892 |
| Total assets | $1,505,288 |
| Accounts payable and accrued expenses | $58,517 |
| Grants payable | $0 |
| Deferred revenue | $83,202 |
| 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 | $382,870 |
| Total liabilities | $524,589 |
| Net assets without donor restrictions | $980,699 |
| 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 | $1,505,288 |