Form 990 for tax year 2025
Filed by NEW YORK INSURANCE ASSOCIATION INC.
Totals
- Total revenue
- $2,132,438
- Total expenses
- $1,816,039
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,070,084
- Investment income
- $45,122
- Other revenue
- $17,232
- Total assets, end of year
- $2,584,116
- Total liabilities, end of year
- $34,458
- Net assets or fund balances, end of year
- $2,549,658
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $1,816,039
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: MEMBERSHIP DUES
total $1,618,643 · related or exempt $1,618,643
-
2b · Program service revenue: CONFERENCE & MEETINGS
total $345,550 · related or exempt $345,550
-
2c · Program service revenue: GROUP PUBLICATION
total $83,329 · unrelated business $83,329
-
2d · Program service revenue: NEWSLETTER
total $22,562 · unrelated business $22,562
-
3 · Investment income
total $67,992 · excluded $67,992
-
7a · Gross sales of assets other than inventory
securities $1,159,554
-
7b · Less cost or other basis and sales expenses
securities $1,182,424
-
7c · Gain or loss
securities -$22,870
-
7d · Net gain or loss
total -$22,870 · excluded -$22,870
-
11a · Other revenue: OTHER INCOME
total $17,232 · related or exempt $17,232
-
11e · Other revenue, total
$17,232
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $336,096
-
7 · Other salaries and wages
total $580,021
-
8 · Pension plan contributions
total $60,375
-
9 · Other employee benefits
total $25,177
-
10 · Payroll taxes
total $60,891
-
11b · Fees: legal
total $80,865
-
11c · Fees: accounting
total $25,165
-
11f · Fees: investment management
total $19,492
-
13 · Office expenses
total $16,038
-
16 · Occupancy
total $48,053
-
17 · Travel
total $43,630
-
19 · Conferences, conventions and meetings
total $200,573
-
22 · Depreciation, depletion and amortization
total $4,568
-
23 · Insurance
total $3,314
-
24a · Other expenses: UNRELATED BUSINESS TAXE
total $600
-
24b · Other expenses: GROUP PUBLICATION
total $80,124
-
24c · Other expenses: TECHNOLOGY
total $62,043
-
24d · Other expenses: PUBLIC RELATIONS
total $47,885
-
24e · All other expenses
total $121,129
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $88,646 · end of year $271,221
-
2 · Savings and temporary cash investments
beginning of year $304,168 · end of year $291,436
-
4 · Accounts receivable
end of year $15,299
-
9 · Prepaid expenses and deferred charges
beginning of year $61,623 · end of year $91,980
-
10a · Land, buildings and equipment: cost or other basis
$278,028
-
10b · Land, buildings and equipment: accumulated depreciation
$258,160
-
10c · Land, buildings and equipment, net
beginning of year $12,767 · end of year $19,868
-
11 · Investments: publicly traded securities
beginning of year $881,792 · end of year $1,271,611
-
12 · Investments: other securities
beginning of year $659,742 · end of year $427,703
-
15 · Other assets
beginning of year $222,767 · end of year $194,998
-
17 · Accounts payable and accrued expenses
beginning of year $41,592 · end of year $20,337
-
19 · Deferred revenue
beginning of year $22,500 · end of year $5,500
-
25 · Other liabilities
beginning of year $59,676 · end of year $8,621
-
27 · Net assets without donor restrictions
beginning of year $2,107,737 · end of year $2,549,658
Mission and programs · 2025
Mission
TO PROMOTE A HEALTHY AND SUSTAINABLE PROPERTY AND CASUALTY INSURANCE MARKET FOR ALL OF NEW YORK.
-
INSURANCE ASSOCIATION - PRESENTS INFORMATION TO THE PUBLIC WITH RESPECT TO INSURANCE PROBLEMS, PROMOTES HARMONIOUS RELATIONSHIPS AMONG THE MEMBER COMPANIES AND BETWEEN THE INSURANCE-BUYING PUBLIC. ESTABLISHES AN AGENCY THROUGH WHICH THE FACTS AND PRINCIPLES OF INSURANCE CAN BE PRESENTED AND EXPLAINED TO THE INSURANCE-BUYING PUBLIC, THE SUPERVISORY AUTHORITIES AND THE LAW-MAKING BODIES.
Expenses $1,816,039 · Revenue $1,981,425
As filed on the 2025 return.
Listed in Part VII
-
Benedikt SanderBENEDIKT SANDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Matthew BenedictMATTHEW BENEDICT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kristen MartinKRISTEN MARTIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott ShatrawSCOTT SHATRAW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William MelchionniWILLIAM MELCHIONNI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John CerroneJOHN CERRONE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark DombrowskiMARK DOMBROWSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Deirdre MannaDEIRDRE MANNA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David McHaleDAVID MCHALE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Charles MakeyCHARLES MAKEY
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Edward HarperEDWARD HARPER
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Siobhan DaveySIOBHAN DAVEY
FIRST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Marc CrawMARC CRAW
SECOND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Norman OrlowskiNORMAN ORLOWSKI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Cassandra AndersonCASSANDRA ANDERSON
PRESIDENT
- Total calculated
- $336,096
- From this org
- $269,927
- From related orgs
- $0
- Other
- $66,169
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $239,927
- Bonus
- $30,000
- Other
- $0
- Deferred
- $36,400
- Nontaxable benefits
- $29,769
- Filer's total
- $336,096
-
Robert FarleyROBERT FARLEY
GENERAL COUNSEL
- Total calculated
- $176,008
- From this org
- $155,858
- From related orgs
- $0
- Other
- $20,150
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,858
- Bonus
- $5,000
- Other
- $0
- Deferred
- $20,150
- Nontaxable benefits
- $0
- Filer's total
- $176,008
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 8 June 2026
- IRS schema version
- 2025v4.1
- Source object
- 202621619349300707
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