District Of Columbia Insurance Regulatory Trust Fund Bureau Inc
- Assets
- $145.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 52-1880418
Organization Overview
District Of Columbia Insurance Regulatory Trust Fund Bureau Inc is located in Washington, DC. The organization was established in 1994. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. District Of Columbia Insurance Regulatory Trust Fund Bureau Inc 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 12/2023, District Of Columbia Insurance Regulatory Trust Fund Bureau Inc generated $145.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $217.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OVERSIGHT OF THE PROCESS AND LEVEL OF ASSESSMENT OF INSURANCE COMPANIES BY THE DC DEPARTMENT OF INSURANCE, SECURITIES AND BANKING.
Describe the Organization's Program Activity:
Part 3
MONITORS AND COMMENTS ON THE ANNUAL BUDGET AND EXPENDITURES OF THE DEPARTMENT'S INSURANCE REGULATORY FUNCTIONS.
PROVIDE OVERSIGHT OF THE PROCESS AND LEVEL OF ASSESSMENT OF INSURANCE COMPANIES BY THE DC DEPARTMENT OF INSURANCE, SECURITIES AND BANKING.
EVERY YEAR, CONDUCTS AN AUDIT OF THE DEPARTMENT TO ENSURE INSURANCE FUNDS ARE USED PROPERLY AND EFFICIENTLY.
CHAIRMAN TESTIFIES AT THE ANNUAL BUDGET OVERSIGHT HEARING OF THE DEPARTMENT OF INSURANCE, SECURITIES, AND BANKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Mcowen Executive Di | 8 | $60,000 | |
Colette Chichester Chair | 2 | $0 | |
L Noel Patterson Jr Director | 1 | $0 | |
Laurie Kuiper Secretary | 1 | $0 | |
Patrick Bracewll Director | 1 | $0 | |
Kristen Givens Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $143,425 |
| Investment income | $1,670 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $145,095 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,000 |
| Professional fees and other payments to independent contractors | $3,441 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,905 |
| Other expenses | $150,120 |
| Total expenses | $217,466 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $145,680 |
| Other assets | $0 |
| Total assets | $145,680 |
| Total liabilities | $0 |
| Net assets or fund balances | $145,680 |