Totals
- Total revenue
- $1,079,063
- Total expenses
- $566,622
- Contributions and grants received
- $1,021,399
- Grants paid
- $366,500
- Program service revenue
- $0
- Investment income
- $57,664
- Other revenue
- $0
- Total assets, end of year
- $2,630,349
- Total liabilities, end of year
- $301
- Net assets or fund balances, end of year
- $2,630,048
- Program services expenses (Part IX)
- $498,559
- Management and general expenses
- $67,394
- Fundraising expenses
- $669
- Program service expenses (Part III)
- $498,559
Program services were 88.0% 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
$1,021,399
-
1g · Noncash contributions included above
$116,833
-
3 · Investment income
total $57,664 · excluded $57,664
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $366,500 · program services $366,500
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $41,402 · program services $41,402
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $469 · program services $469
-
10 · Payroll taxes
total $17,786 · program services $17,786
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $4,131 · management and general $4,131
-
11c · Fees: accounting
total $48,836 · management and general $48,836
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $8,250 · management and general $8,250
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $4,807 · program services $2,304 · management and general $2,178 · fundraising $325
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $44,487 · program services $44,487
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $3,647 · management and general $3,647
-
24a · Other expenses: SPONSORSHIPS
total $25,000 · program services $25,000
-
24b · Other expenses: MISCELLANEOUS
total $1,307 · program services $611 · management and general $352 · fundraising $344
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,929,882 · end of year $194,996
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $4,926
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $2,138,346
-
12 · Investments: other securities
end of year $292,081
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $10,234 · end of year $301
-
31 · Retained earnings, endowment or other funds
beginning of year $1,919,648 · end of year $2,630,048
Mission and programs · 2023
Mission
TO ENGAGE IN CHARITABLE ACTIVITIES THAT RELATE TO ENCOURAGING DIVERSITY AND INCLUSION IN THE RISK MANAGEMENT AND INSURANCE INDUSTRIES.
-
THE FOUNDATION WORKED TO INCREASE DIVERSITY AND INCLUSION IN THE INSURANCE INDUSTRY THROUGH VARIOUS GRANTS AND INITIATIVES. FIRST, IN PARTNERSHIP WITH SOUTHERN UNIVERSITY (AN HBCU) AND THE LOUISIANA DEPARTMENT OF INSURANCE, IT IS CREATING A FIRST OF ITS KIND DEGREE PROGRAM TO PREPARE UNDERREPRESENTED STUDENTS FOR THE INSURANCE AND RISK MANAGEMENT INDUSTRIES. SECOND, IT CONTRIBUTED TO THE CREATION OF THE MARINO CASEM SCHOLARSHIP FUND AT SOUTHERN UNIVERSITY (AN HBCU). FINALLY, THE FOUNDATION IS WORKING TO REMOVE BARRIERS TO WORKING IN THE INSURANCE INDUSTRY THROUGH ESTABLISHING A PROGRAM FOR UNDERREPRESENTED STUDENTS TO INTERN IN THE INSURANCE INDUSTRY AS WELL AS STUDY FOR CERTIFICATION PROGRAMS NECESSARY TO BE SUCCESSFUL AND COMPETITIVE.
Expenses $498,559 · Grants $366,500
As filed on the 2023 return.
Listed in Part VII
-
Lilian VanvieldtLILIAN VANVIELDT
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 8
-
Ilene AndersILENE ANDERS
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Peter CarpenterPETER CARPENTER
Secretary
- Total calculated
- $0
- Hours/week
- 1
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
-
$266,500
SCHOLARSHIP FUND
-
$100,000
SCHOLARSHIPS FOR RISK MGMT EDUCATN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422909349301807
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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