Risk & Insurance Management Society
- Assets
- $152.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/1957
- Data as of
- 12/2021
- EIN
- 74-6061088
Organization Overview
Risk & Insurance Management Society is located in Houston, TX. The organization was established in 1957. 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. Risk & Insurance Management Society 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, Risk & Insurance Management Society generated $43.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $100.4k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
DISSEMINATION TO MEMBERS INFORMATION REGARDING FEDERAL STATE LEGISLATION WHICH AFFECTS THE ABILITIES TO SHICH MEMBERS COMPANIES ARE EXPOSED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Indya Wilson Secretary | 3 | $0 | |
Stephanie Fisher Vice - President | 3 | $0 | |
Jeff Strege President | 3 | $0 | |
Cindi Weldon Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,319 |
| Membership dues | $11,473 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $20,876 |
| Other Revenue | $0 |
| Total Revenue | $43,668 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $100,445 |
| Total expenses | $100,445 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $152,111 |
| Other assets | $0 |
| Total assets | $152,111 |
| Total liabilities | $0 |
| Net assets or fund balances | $152,111 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Association Of Counties Santa Fe, NM | $7,716,712 | $6,705,906 |
Property Insurance Association Of Louisiana Metairie, LA | $13,528,634 | $6,013,264 |
Independent Insurance Agents Of Texas Austin, TX | $16,269,345 | $3,665,225 |
Society Of Certified Insurance Service Representatives Inc Austin, TX | $3,983,502 | $3,156,813 |
American Securities Association Dallas, TX | $782,054 | $1,666,002 |
Independent Insurance Agents And Brokers Of Louisiana Inc Baton Rouge, LA | $9,967,133 | $1,762,629 |
Oklahoma Association Of Insurance Agents Oklahoma City, OK | $1,481,989 | $1,599,588 |
Towing Vessel Inspection Bureau Channelview, TX | $576,720 | $901,588 |
High Plains Retreat Center Canyon, TX | $2,132,312 | $562,156 |
Building Industry Association Of The Highland Lakes Marble Falls, TX | $238,469 | $208,667 |
Independent Insurance Agents Association Of Greater Oklahoma Ci Oklahoma City, OK | $1,196,146 | $504,340 |
Texas Association Of Benefit Administrators Plano, TX | $78,280 | $122,254 |