Federation Of Regulatory Counsel Inc
- Assets
- $263.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Louis Park, MN
- Founding
- 11/1990
- Data as of
- 12/2022
- EIN
- 84-1104390
Organization Overview
Federation Of Regulatory Counsel Inc is located in Saint Louis Park, MN. The organization was established in 1990. According to its NTEE Classification (I80) the organization is classified as: Legal Services, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Of Regulatory Counsel 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, Federation Of Regulatory Counsel Inc generated $87.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $90.8k during the year ending 12/2022. While expenses have increased by 6.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
NEWSLETTERS ARE SENT THREE TIMES A YEAR TO ATTORNEYS WHO REPRESENT INSURANCE COMPANIES, STATE INSURANCE DEPARTMENTS, AND VARIOUS INSURANCE COMPANIES KEEPING THEM ABREAST OF EDUCATION AND LEGAL MATTERS OF INTEREST TO INSURANCE INDUSTRY IN ADDITION, E-MAIL ALERTS ARE SENT. FEDERATION OF REGULATORY COUNSEL INC HAS APPOXIMATELY 110 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Borrelli Board Member | 1 | $0 | |
Sue Stead Board Member | 1 | $0 | |
Ronnie Johnson Board Member | 1 | $0 | |
Tasha Cycholl Vice President | 1 | $0 | |
Michael Molony Board Member | 1 | $0 | |
Scott Sorkin President At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $86,775 |
| Investment income | $368 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,143 |
| 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 | $47,420 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $4,224 |
| Other expenses | $39,185 |
| Total expenses | $90,829 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $262,676 |
| Other assets | $0 |
| Total assets | $263,279 |
| Total liabilities | $19,493 |
| Net assets or fund balances | $243,786 |