Virginia Association Of Mutual Insurance Companies is located in Richmond, VA. The organization was established in 1966. According to its NTEE Classification (Y23) the organization is classified as: Mutual Insurance Companies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Association Of Mutual Insurance Companies 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 06/2022, Virginia Association Of Mutual Insurance Companies generated $42.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $30.4k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED EDUCATIONAL OPPORTUNITIES TO 32 MEMBER COMPANIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Theresa Lewis Executive Secretary-Treasurer | 1 | $2,400 | |
Jonathan Sisk Program Chairman | 1 | $2,000 | |
Christopher Shipe President | 0 | $0 | |
Jeff Reeves President - Elect | 0 | $0 | |
Eric Piefer Vice-President | 0 | $0 | |
Coakley Mckinney Executive Committee | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $4,600 |
Total Program Service Revenue | $0 |
Membership dues | $30,206 |
Investment income | $287 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $7,425 |
Total Revenue | $42,518 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $4,777 |
Professional fees and other payments to independent contractors | $10,000 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $15,582 |
Total expenses | $30,359 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $190,759 |
Other assets | $0 |
Total assets | $190,879 |
Total liabilities | $673 |
Net assets or fund balances | $190,206 |
Organization Name | Assets | Revenue |
---|---|---|
Afl-Cio Mutual Benefit Plan Washington, DC | $47,285,320 | $3,307,506 |
Farmers Union Mutual Fire Inc Co Of Bradley County Tennessee Term Cleveland, TN | $2,307,328 | $335,570 |
Farmers Mutual Insurance Company Of Giles County Pulaski, TN | $1,110,066 | $322,320 |
Fox Group Reinsurance Ltd Franklin, TN | $1,933,649 | $25,110 |
Floyd County Mutual Fire Ins Co Inc Floyd, VA | $3,368,874 | $158,517 |
Farmers Mutual Fire Insur Co Maynardville, TN | $1,561,030 | $74,001 |
Virginia Association Of Mutual Insurance Companies Richmond, VA | $190,879 | $0 |
Becron Reinsurance Limited Franklin, TN | $0 | $2 |
Nassief Group Reinsurance Ltd Franklin, TN | $650,099 | $0 |