Society Of Chartered Property & Casualty Underwriters Inc
- Assets
- $9.7m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Malvern, PA
- Founding
- 10/1954
- Data as of
- 12/2021
- EIN
- 23-1552247
Organization Overview
Society Of Chartered Property & Casualty Underwriters Inc is located in Malvern, PA. The organization was established in 1954. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & 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. Society Of Chartered Property & Casualty Underwriters 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 12/2021, Society Of Chartered Property & Casualty Underwriters Inc generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOCIETY OF CPCUS SUPPORTS ITS MEMBERS (OVER 15,000) THROUGHOUT EVERY STAGE OF THEIR CAREERS BY PROVIDING LEADERSHIP DEVELOPMENT, TECHNICAL TRAINING, AND MORE. IN 2021, OVER 2,500 MEMBERS ATTENDED 36 COMPLIMENTARY WEBINARS. WE PUBLISHED FOUR ISSUES OF THE QUARTERLY PROFESSIONAL JOURNAL. WE PROVIDED ADDITIONAL OPPORTUNITIES FOR MEMBER ENGAGEMENT, NETWORKING, AND INFORMATION SHARING THROUGH OUR ONLINE COMMUNITY WITH 886 DISCUSSION TOPIC THREADS AND OVER 3,300 DISCUSSION COMMENTS. WE ALSO CONDUCTED OUR ANNUAL IN2RISK MEETING ENGAGING MEMBERS FROM 124 CHAPTERS. OVER 1,090 MEMBERS ATTENDED A NON-WEBINAR EDUCATIONAL EVENT IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter L Miller President & CEO | OfficerTrustee | 2 | $0 |
Katherine Horowitz Secretary | Trustee | 2 | $0 |
Jeffrey A Scheidt Treasurer | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,371,247 |
| Investment income | $118,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $666,829 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,213,152 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,975 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,105,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,707 |
| Savings and temporary cash investments | $253,476 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $9,213,273 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,157 |
| Total assets | $9,708,613 |
| Accounts payable and accrued expenses | $6,560,901 |
| Grants payable | $0 |
| Deferred revenue | $1,093,751 |
| 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 | $7,654,652 |
| Net assets without donor restrictions | $2,053,961 |
| 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 | $9,708,613 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Professional Liability Joint Underwriting Association Blue Bell, PA | $353,920,542 | $27,707,766 |
Risk And Insurance Management Society Inc New York, NY | $15,569,864 | $12,268,578 |
Excess Line Association Of New York New York, NY | $36,201,317 | $11,240,697 |
Society Of Chartered Property & Casualty Underwriters Inc Malvern, PA | $9,708,613 | $4,213,152 |
National Association Of Credit Management Inc Columbia, MD | $9,729,944 | $2,084,765 |
Professional Insurance Agents Of New York State Inc Glenmont, NY | $9,604,460 | $1,641,025 |
New York State Funeral Directors Association Inc Albany, NY | $12,864,504 | $2,564,009 |
Greater Cincinnati Automobile Dealers Association Inc Cincinnati, OH | $1,490,013 | $1,379,600 |
Independent Insurance Agents Of Nj Trenton, NJ | $4,471,739 | $772,064 |
Ceg Of The Capital Region Inc Albany, NY | $954,995 | $1,640,221 |
Delaware Life And Health Insurance Guaranty Assn Newark, DE | $4,166,177 | $464,850 |
Firemens Relief Association Of State College State College, PA | $6,748,666 | $758,145 |