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Nonprofiteer
← M3 INSURANCE FOUNDATION INC

Form 990 for tax year 2024

Filed by M3 INSURANCE FOUNDATION INC.

Totals

Total revenue
$432,589
Total expenses
$462,332
Contributions and grants received
$423,113
Grants paid
$443,580
Program service revenue
$0
Investment income
$9,476
Other revenue
$0
Total assets, end of year
$734,991
Total liabilities, end of year
$284,044
Net assets or fund balances, end of year
$450,947
Program services expenses (Part IX)
$443,580
Management and general expenses
$18,752
Fundraising expenses
$0
Program service expenses (Part III)
$443,580

Program services were 95.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1f · All other contributions, gifts and grants

    $423,113

  • 3 · Investment income

    total $9,495 · excluded $9,495

  • 7a · Gross sales of assets other than inventory

    securities $4,453

  • 7b · Less cost or other basis and sales expenses

    securities $4,472

  • 7c · Gain or loss

    securities -$19

  • 7d · Net gain or loss

    total -$19 · excluded -$19

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $443,580 · program services $443,580

  • 11c · Fees: accounting

    total $14,121 · management and general $14,121

  • 11f · Fees: investment management

    total $1,978 · management and general $1,978

  • 14 · Information technology

    total $645 · management and general $645

  • 23 · Insurance

    total $594 · management and general $594

  • 24a · Other expenses: ADMINISTRATIVE EXPENSE

    total $1,414 · management and general $1,414

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $615,744 · end of year $376,971

  • 4 · Accounts receivable

    end of year $10,000

  • 11 · Investments: publicly traded securities

    beginning of year $313,435 · end of year $348,020

  • 17 · Accounts payable and accrued expenses

    end of year $526

  • 18 · Grants payable

    beginning of year $278,152 · end of year $224,185

  • 19 · Deferred revenue

    beginning of year $187,333 · end of year $59,333

  • 27 · Net assets without donor restrictions

    beginning of year $463,694 · end of year $450,947

Mission and programs · 2024

Mission

(SEE SCHEDULE O)THE FOUNDATION WAS ORGANIZED TO PROMOTE THE CHARITABLE ATTITUDES OF THE EMPLOYEES AT M3 SOLUTIONS, INC. THE FOUNDATION WILL FOCUS ON THE AREAS OF HEALTH CARE, SAFETY IMPROVEMENT, CATASTROPHIC EVENT RELIEF, FINANCIAL EDUCATION AND LITERACY, AND THE PROMOTION OF CAREERS IN THE INSURANCE INDUSTRY.

  • THE FOUNDATION DONATES TO LOCAL ORGANIZATIONS FOCUSING ON HEALTH CARE, SAFETY IMPROVEMENT, CATASTROPHIC EVENT RELIEF, FINANCIAL EDUCATION AND LITERACY, AND THE PROMOTION OF CAREERS IN THE INSURANCE INDUSTRY.

    Expenses $443,580 · Grants $443,580

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Dettman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.6

  • Bec Kurzynske

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.6

  • Megan Belter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6

  • Jesse Maas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6

  • Justin Rixie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6

  • Candice Roth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6

  • Kelsey Stacks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6

  • Amber Seitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.6

  • Melissa Seyffer

    TREASURER

    Total calculated
    $0
    Hours/week
    0.6

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202533149349302958

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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