Intl Cooperative & Mut Ins Federat Regional Assoc For The Americas
- Assets
- $269.6k
- Revenue
- $259.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Founding
- 01/1994
- Data as of
- 12/2022
- EIN
- 38-3087171
Organization Overview
Intl Cooperative & Mut Ins Federat Regional Assoc For The Americas, operating under the name dba ICMIFAmericas, is located in null. The organization was established in 1994. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. dba ICMIFAmericas 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 12/2022, dba ICMIFAmericas generated $259.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $315.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 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
TO SUPPORT AND DEVELOP EFFECTIVE AND VIABLE CO-OPERATIVE POPULAR-BASED INSURANCE ORGANIZATIONS THROUGHT THE AMERICAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS, WORKSHOPS AND EVENTS: ICMIF/AMERICAS ORGANIZES PERIODIC WORKSHOPS AND SEMINARS ON TECHNICAL AND THEMATIC TOPICS OF INTEREST TO MEMBERS AS WELL AS ORGANIZING A DELEGATION OF MEMBERS TO ATTEND CONFERENCES. ICMIF/AMERICAS HOLDS A TWO AND A HALF DAY ANNUAL CONFERENCE WHICH BRINGS TOGETHER APPROXIMATELY 150 DELEGATES FROM MEMBERS' COUNTRIES ACROSS THE AMERICAS TO SHARE BEST PRACTICE, INDUSTRY INTELLIGENCE AND RESEARCH. THE EVENT OFFERS MEMBER COMPANIES THE OPPORTUNITY FOR PROFESSIONAL DEVELOPMENT, INSTITUTIONAL STRENGTHENING, KNOWLEDGE SHARING AND BUSINESS NETWORKING. PLENARY SESSIONS WITH SIMULTANEOUS INTERPRETATION OFFER CEO'S, BOARD MEMBERS, AND SENIOR STAFF OPPORTUNITIES TO SHARE SOLUTIONS TO THE CO-OPERATIVE AND MUTUAL INSURANCE INDUSTRY. THIS CONFERENCE HAS BEEN MOVED TO A BI-ANNUAL EVENT.
SEMINARS AND WORKSHOPS: ICMIF/AMERICAS OFFERS PERIODIC WORKSHOPS AND SEMINARS ON TECHNICAL AND THEMATIC TOPICS OF INTEREST TO MEMBERS.
TRAVEL AND ASSOCIATED COSTS TO ATTEND EXTERNAL TRADE ASSOCIATION CONFERENCES WITHIN THE MUTUAL AND COOPERATIVE INSURANCE SECTOR TO SHARE KNOWLEDGE AND FACILITATE ENGAGEMENT BETWEEN NEW AND EXISTING MEMBERS.
THE ICIMF FOUNDATION'S 5-5-5 MUTUAL MICROINSURANCE STRATEGY AIMS TO DEVELOP MUTUAL MICRO INSURANCE IN FIVE EMERGING MARKET COUNTRIES, REACHING OUT TO FIVE MILLION UNINSURED LOW-INCOME HOUSEHOLDS, OR 25 MILLION INDIVIDUALS IN TOTAL, OVER A PERIOD OF FIVE YEARS.
ICIMF/AMERICAS HOLDS A TWO AND A HALF DAY ANNUAL CONFERENCE WHICH BRINGS TOGETHER APPROXIMATELY 150 DELEGATES FROM MEMBERS' COUNTRIES ACROSS THE AMERICAS TO SHARE BEST PRACTICE, INDUSTRY INTELLIGENCE, AND RESEARCH. THE EVENT OFFERS MEMBER COMPANIES THE OPPORTUNITY FOR PROFESSIONAL DEVELOPMENT, INSTUTIONAL STRENGTHENING, KNOWLDEGE SHARING, AND BUSINESS NETWORKING. PLENARY SESSIONS WITH SIMULTANEOUS INTERPRETATION OFFER CEO'S BOARD MEMBERS, AND SENIOR STAFF OPPORTUNITIES TO SHARE SOLUTIONS TO CO-OPERATIVE AND MUTUAL INSURANCE INDUSTRY. THIS CONFERENCE HAS BEEN MOVED TO A BI-ANNUAL EVENT.
ICMIF BICENTENARY CONFERENCE: A SPECIAL THREE DAY CONFERENCE IN ROME BRINGING TOGETHER ALL OF ICMIF MEMBERS FROM THE AMERICAS AND THE REST OF THE WORLD TO SHARE BEST PRACTICE, INDUSTRY INTELLIGENCE AND RESEARCH . THE EVENT BROUGHT TOGETHER OVER 400 DELEGATES. THE EVENT OFFERED MEMBER COMPANIES OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT, INSTITUTIONAL STRENGTHENING, KNOWLEDGE SHARING BUSINESS NETWORKING, PLENARY SESSIONS WITH SIMULTANEOUS INTERPRETATION OFFERING CEOS, BOARD MEMBERS, AND SENIOR STAFF OPPORTUNITIES TO SHARE SOLUTIONS TO COMMON CHALLENGES AND UNIQUE OPPORTUNITIES OF THE COOPERATIVE AND MUTUAL INSURANCE INDUSTRY.
A MEMBER-DRIVEN ORGANIZATION, THE SECRETARIAT FACILITATES CONTACT AND EXCHANGE OF GOOD PRACTICE AMONGST MEMBERS ACROSS NORTH AND SOUTH AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Georgina Diaz Chairman | OfficerTrustee | 0 | $0 |
Dwayne Elliot Vice Chairman | OfficerTrustee | 0 | $0 |
Lisa Gardi Treasurer | OfficerTrustee | 0 | $0 |
Rosana Ibarrart Secretary | OfficerTrustee | 0 | $0 |
Helton Freitas Director | Trustee | 0 | $0 |
Luis Cordero Rivera Director | Trustee | 0 | $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 | $277,912 |
| Investment income | $0 |
| 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 | $259,551 |
| 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 | $223,498 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $199 |
| Fees for services: Accounting | $6,197 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $35 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,044 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,677 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,932 |
| All other expenses | $0 |
| Total functional expenses | $315,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,933 |
| Savings and temporary cash investments | $0 |
| 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 | $4,203 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $130,484 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $269,620 |
| Accounts payable and accrued expenses | $13,093 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $14,672 |
| Total liabilities | $27,765 |
| Net assets without donor restrictions | $241,855 |
| 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 | $269,620 |
Peer Organizations
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|---|