National Association Of Public Insurance Adjusters Inc
- Assets
- $613.7k
- Revenue
- $849.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Potomac Falls, VA
- Founding
- 08/1963
- Data as of
- 03/2022
- EIN
- 52-6055236
Organization Overview
National Association Of Public Insurance Adjusters Inc is located in Potomac Falls, VA. The organization was established in 1963. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is the central organization for a national or regional group of organizations. National Association Of Public Insurance Adjusters 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 03/2022, National Association Of Public Insurance Adjusters Inc generated $849.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $793.8k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 7 years. 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
NAPIA PROVIDES A FORUM IN WHICH PUBLIC INSURANCE ADJUSTERS CAN MEET AND EXCHANGE IDEAS AND INFORMATION WITH THEIR PEERS FOR THE BETTERMENT OF THE PROFESSION AND THE PUBLIC THEY SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAPIA PRESENTS SEMINARS AND HOLDS MEETINGS ON MATTERS OF IMPORTANCE TO THE INSURANCE ADJUSTING PROFESSION.
NAPIA OFFERS A PROGRAM IN WHICH APPLICANTS MAY ACHIEVE TWO LEVELS OF CERTIFICATION, BASED ON THE APPLICANT'S EXPERIENCE AND EDUCATION.
NAPIA CONDUCTS AN INSURANCE SEMINAR THAT PROVIDES CREDIT TOWARD STATE INSURANCE LICENSING REQUIREMENTS IN NEW HAMPSHIRE AND NORTH CAROLINA
NAPIA ISSUES NEWSLETTERS, MEMBERSHIP DIRECTORIES, BROCHURES AND NEWS BULLETINS, TO PROVIDE THE PUBLIC WITH INFORMATION ABOUT PUBLIC INSURANCE ADJUSTING AND ITS IMPORTANCE TO THE CONSUMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita L Taff President | OfficerTrustee | 5 | $0 |
Matthew Blumkin 3rd Vice Pres | OfficerTrustee | 5 | $0 |
Justin Skipton Treasurer | OfficerTrustee | 1 | $0 |
Clay Morrison 1st Vice Pres | OfficerTrustee | 5 | $0 |
Robert Joslin 4th Vice Pres | OfficerTrustee | 1 | $0 |
Chris Aldrich 2nd Vice Pres | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kramon And Graham Legal Services | 3/30/21 | $101,255 |
Barrack Association Management Inc Management Services | 3/30/21 | $203,310 |
Kramon And Graham Legal Services | 3/30/21 | $101,255 |
Barrack Association Management Inc Management Services | 3/30/21 | $203,310 |
Kramon And Graham Legal Services | 3/30/21 | $101,255 |
Barrack Association Management Inc Management Services | 3/30/21 | $203,310 |
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 | $7,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,500 |
| Total Program Service Revenue | $838,177 |
| Investment income | $3,386 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $849,063 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $123,200 |
| Fees for services: Legal | $224,660 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,254 |
| Advertising and promotion | $14,440 |
| Office expenses | $32,155 |
| Information technology | $3,299 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $330,126 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,893 |
| All other expenses | $0 |
| Total functional expenses | $793,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,008 |
| Savings and temporary cash investments | $474,023 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,926 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,729 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $613,686 |
| Accounts payable and accrued expenses | $54,810 |
| Grants payable | $0 |
| Deferred revenue | $5,200 |
| 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 | $0 |
| Total liabilities | $60,010 |
| Net assets without donor restrictions | $553,676 |
| 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 | $613,686 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities Usa Employee Welfare Benefit Tr Alexandria, VA | $13,170,209 | $41,773,256 |
Risk Acceptance Management Corporation Winstonsalem, NC | $0 | $4,248,054 |
Mueller Industries Inc Benefits Tr Collierville, TN | $623,819 | $27,509,005 |
The H T Hackney Co Emloyee Benefit Plans Trust Knoxville, TN | $4,355,910 | $23,918,900 |
Tri-County Building Trades Welfare Fund Ona, WV | $25,786,876 | $22,983,725 |
Bush Brothers & Company Employees Benefit Tr Knoxville, TN | $646,705 | $13,680,587 |
Childrens Hospital Self-Insurance Trust Washington, DC | $0 | $0 |
North Carolina Insurance Guaranty Association Raleigh, NC | $120,494,721 | $22,094,183 |
Southern States Group Benefit Trust Richmond, VA | $1,559,030 | $9,812,364 |
Jackson Utility Division Benefits Program Trust Jackson, TN | $8,539,572 | $8,659,868 |
Property & Casualty Insurance Guaranty Corporation Towson, MD | $24,268,806 | $4,102,215 |
Hedrick Employee Group Benefit Plan Trust Salisbury, NC | $2,627,065 | $8,303,348 |