District Of Columbia Insurance Regulatory Trust Fund Bureau Inc

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.

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)Compensation
Wayne Mcowen
Executive Di
$60,000
Colette Chichester
Chair
$0
L Noel Patterson Jr
Director
$0
Laurie Kuiper
Secretary
$0
Patrick Bracewll
Director
$0
Kristen Givens
Treasurer
$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

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