Charlotte Cpcu Society Chapter Inc
- Assets
- $53.0k
- Revenue
- $44.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Malvern, PA
- Founding
- 08/1964
- Data as of
- 12/2022
- EIN
- 56-6065123
Organization Overview
Charlotte Cpcu Society Chapter Inc is located in Malvern, PA. The organization was established in 1964. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Charlotte Cpcu Society Chapter 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 12/2022, Charlotte Cpcu Society Chapter Inc generated $44.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $52.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 5 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
THE CHARLOTTE CPCU SOCIETY CHAPTER, INC. IS A COMMUNITY OF CREDENTIALED PROPERTY AND CASUALTY INSURANCE PROFESSIONALS WHO PROMOTE EXCELLENCE THROUGH ETHICAL BEHAVIOR AND CONTINUING EDUCATION. THE CPCU SOCIETY IS COMMITTED TO PROVIDING RESOURCES, EDUCATIONAL PROGRAMS AND CHARLOTTE CPCU SOCIETY CHAPTER, INC. LEADERSHIP OPPORTUNITIES THAT ATTRACT TALENT AND ENABLE INDIVIDUALS TO EXPAND THEIR TECHNICAL INSURANCE SKILLS AND BUSINESS CAPABILITIES IN ORDER TO IMPROVE THE OVERALL PERFORMANCE OF THE INSURANCE INDUSTRY WHILE ADHERING TO THE HIGHEST ETHICAL STANDARDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT THE YEAR, THE CHAPTER ORGANIZES A NUMBER OF EVENTS DESIGNED TO PROVIDE A PLATFORM FOR TEAM-BUILDING, NETWORKING, AND ENGAGING OUR MEMBERS AND YOUNG GENERATIONS. SOME OF THE ANNUAL EVENTS INCLUDE: CPCU SHADOW DAY, GOLF TOURNAMENT (INCLUDING A MINI-GOLF TOURNAMENT THIS YEAR), KNIGHTS GAME OUTING, AND CPCU YEAR-END ANNUAL MEETING. WHILE THE CHAPTER STRIVES TO RAISE REVENUE DURING THE SPONSORED EVENTS SUCH AS INSURANCE FORUM, IT IS DONE WITH A GOAL OF HOSTING THE REMAINDER OF THE EVENTS FREE OF CHARGE TO OUR MEMBERS, AS WELL AS PROVIDING ANNUAL SCHOLARSHIPS TO STUDENTS AT UNCC AND ASU. $8,000 WAS AWARDED AS PART OF OUR ANNUAL SCHOLARSHIP FUNDS IN 2022 HOWEVER THESE CHECKS WERE CASHED IN 2023. ADDITIONALLY, IN DECEMBER 2022, WE DONATED $1000 TO LOCAL ALS FOUNDATION AS IN MEMORY OF A PREVIOUS CPCU MEMBER. WE ALSO SEND SEVERAL MEMBERS TO THE LEADERSHIP SUMMIT AND IN2RISK CONFERENCES THAT PROVIDE PLENTY OF EDUCATIONAL AND NETWORKING OPPORTUNITIES.
THE CHAPTER IS CHARGED WITH PROVIDING 1-2 CONTINUING EDUCATION CE COURSES COVERING RELEVANT INDUSTRY TOPICS AND TRENDS. ALL EDUCATIONAL EVENTS HELD BY THE CHAPTER ARE QUALIFIED FOR THE CE CREDITS TOWARDS THE CPCU DESIGNATION. OUR EDUCATIONAL EVENTS IN 2022 INCLUDE OUR INSURANCE FORUM AND 2 LUNCH AND LEARNS. ALL EDUCATIONAL TOPICS EITHER SURROUND INSURANCE-RELATED TOPICS OR PROFESSIONAL DEVELOPMENT. WE ALSO SEND SEVERAL MEMBERS TO THE LEADERSHIP SUMMIT AND IN2RISK CONFERENCES THAT PROVIDE PLENTY OF EDUCATIONAL OPPORTUNITIES.
THE CHARLOTTE CPCU CHAPTER HAS A LONG AND ACTIVE HISTORY OF SUPPORTING LOCAL COMMUNITY SINCE ITS FOUNDING IN 1962. THE CHAPTER IS LED BY A BOARD CONSISTING OF 23 MEMBERS, ALL OF WHOM VOLUNTEER THEIR TIME OUT OF DEDICATION TO OUR INDUSTRY, EMPLOYERS, LEARNING INSTITUTIONS, AND TO OUR COMMUNITY AT LARGE BY MENTORING, TEACHING AND SERVING THE NEEDS OF OTHERS. SOME OF THE OUTREACH EVENTS THE CHAPTER PARTICIPATES IN ANNUALLY INCLUDE: PARK AND STREET CLEAN-UP PROJECTS, AND HOPEMATCH FAMILY SPONSORSHIP. IN 2022, WE ADOPTED SEVERAL FAMILIES WITH CHILDREN IN A LOCAL HOSPICE GROUP. WE PROVIDED GIFTS TO THOSE FAMILIES DURING THE HOLIDAYS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Rabb Vice President | OfficerTrustee | 1 | $0 |
Jessica Lindley Director | OfficerTrustee | 1 | $0 |
Craig Mccarter President | OfficerTrustee | 1 | $0 |
Madie Kiser Treasurer | OfficerTrustee | 1 | $0 |
Will Pierce Secretary | Trustee | 1 | $0 |
Niko Matic Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,548 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,743 |
| Total Program Service Revenue | $13,272 |
| Investment income | $10 |
| 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 | $44,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,000 |
| 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 | $450 |
| 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 | $0 |
| Information technology | $588 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,875 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $52,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,106 |
| Savings and temporary cash investments | $37,886 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $52,993 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $52,993 |
| 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 | $52,993 |
Grants Awarded
Over the last fiscal year, Charlotte Cpcu Society Chapter Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NC AT CHARLOTTE PURPOSE: Fund student scholarships | $7,500 |
APPALACHIAN STATE UNIVERSITY PURPOSE: Fund student scholarships | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cement Masons-592 Welfare Fund Philadelphia, PA | $28,352,479 | $12,285,764 |
Pennsylvania Property And Casualty Insurance Guaranty Association Philadelphia, PA | $159,227,112 | $35,772,841 |
Itpe-Meba Nmu Annual Benefit Fund Cranford, NJ | $11,873,942 | $10,884,935 |
Pittsburgh Building Owners Welfare Fund Pittsburgh, PA | $5,835,714 | $9,211,628 |
American Mutual Share Insurance Corp & Subsidiaries Dublin, OH | $356,642,183 | $10,357,280 |
Builders Exchange Benefit Plan Trust Valley View, OH | $8,146,430 | $9,209,306 |
Property & Casualty Insurance Guaranty Corporation Towson, MD | $24,268,806 | $4,102,215 |
House Staff Benefits Plan Of The Cir Long Island City, NY | $16,739,993 | $8,532,681 |
Canton Electrical Welfare Fund Canfield, OH | $20,317,325 | $9,164,122 |
Freelancers Consumer Operated And Oriented Program Of New Jersey Inc Cedar Knolls, NJ | $64,066,743 | $67,961,148 |
Pmta-Ila Vacation Fund Cherry Hill, NJ | $9,587,968 | $9,347,330 |
Electricians Welfare Fund-No 81 Scranton, PA | $15,969,478 | $8,238,937 |