Missouri Insurance Education Foundation is located in Jefferson City, MO. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Insurance Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Missouri Insurance Education Foundation generated $13.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.8%) each year. All expenses for the organization totaled $9.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (29.9%) per year over the past 4 years. 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
THE ORGANIZATION AWARDS SCHOLARSHIPS TO UNIVERSITY AND COLLEGE STUDENTS ATTENDING MISSOURI SCHOOLS BASED ON THE STUDENTS' ACADEMIC ACHIEVEMENT AND COMMUNITY INVOLVEMENT.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Smith Director | 0.1 | $0 | |
Lewis E Melahn Secretary | 0.1 | $0 | |
Perry Heckemeyer Director | 0.1 | $0 | |
Mike Padawer Director | 0.1 | $0 | |
Russell K Meek Director | 0.1 | $0 | |
Don Wilson Director | 0.1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,668 |
| Gain or Loss | -$1,027 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $16 |
| Total Revenue | $13,157 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,648 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,380 |
| Total expenses | $9,028 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $247,759 |
| Other assets | $0 |
| Total assets | $247,759 |
| Total liabilities | $0 |
| Net assets or fund balances | $247,759 |