Form 990 for tax year 2023
Filed by NATIONAL INSURANCE PRODUCER REGISTRY.
Totals
- Total revenue
- $75,055,830
- Total expenses
- $68,439,040
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $72,531,018
- Investment income
- $2,524,812
- Other revenue
- $0
- Total assets, end of year
- $113,945,279
- Total liabilities, end of year
- $8,780,007
- Net assets or fund balances, end of year
- $105,165,272
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: PRODUCER LICENSING FEE
total $32,228,915 · related or exempt $32,228,915
-
2b · Program service revenue: DATABASE ACCESS REV
total $26,321,976 · related or exempt $26,321,976
-
2c · Program service revenue: APPOINTMENT RENEWAL/ALERTS
total $12,839,927 · related or exempt $12,839,927
-
2d · Program service revenue: CAR REPORTS
total $1,100,200 · related or exempt $1,100,200
-
2e · Program service revenue: OTHER SERVICE REVENUE
total $40,000 · related or exempt $40,000
-
3 · Investment income
total $3,157,020 · excluded $3,157,020
-
7a · Gross sales of assets other than inventory
securities $18,335,563
-
7b · Less cost or other basis and sales expenses
securities $18,967,771
-
7c · Gain or loss
securities -$632,208
-
7d · Net gain or loss
total -$632,208 · excluded -$632,208
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,448,223
-
7 · Other salaries and wages
total $13,093,729
-
8 · Pension plan contributions
total $1,054,921
-
9 · Other employee benefits
total $3,057,705
-
10 · Payroll taxes
total $1,178,488
-
11a · Fees: management
total $233,378
-
11b · Fees: legal
total $3,799
-
11c · Fees: accounting
total $29,400
-
11f · Fees: investment management
total $90,326
-
11g · Fees: other
total $3,106,925
-
12 · Advertising and promotion
total $217,899
-
13 · Office expenses
total $227,488
-
14 · Information technology
total $15,711,675
-
15 · Royalties
total $27,518,455
-
16 · Occupancy
total $84,623
-
17 · Travel
total $774,536
-
18 · Travel or entertainment for public officials
total $2,954
-
22 · Depreciation, depletion and amortization
total $222,119
-
23 · Insurance
total $170,734
-
24a · Other expenses: BAD DEBT
total $114,031
-
24b · Other expenses: USER CONFERENCE
total $65,396
-
24c · Other expenses: OTHER
total $29,900
-
24d · Other expenses: TAXES
total $2,336
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,575,707 · end of year $3,424,990
-
2 · Savings and temporary cash investments
beginning of year $35,289,150 · end of year $32,831,308
-
4 · Accounts receivable
beginning of year $5,611,639 · end of year $7,148,628
-
9 · Prepaid expenses and deferred charges
beginning of year $1,058,934 · end of year $1,221,985
-
10a · Land, buildings and equipment: cost or other basis
$10,985,123
-
10b · Land, buildings and equipment: accumulated depreciation
$346,091
-
10c · Land, buildings and equipment, net
beginning of year $3,037,195 · end of year $10,639,032
-
11 · Investments: publicly traded securities
beginning of year $46,280,937 · end of year $52,161,694
-
12 · Investments: other securities
beginning of year $5,982,137 · end of year $6,517,642
-
17 · Accounts payable and accrued expenses
beginning of year $7,800,759 · end of year $8,780,007
-
27 · Net assets without donor restrictions
beginning of year $93,034,940 · end of year $105,165,272
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
NIPR IS A NOT-FOR-PROFIT TECHNOLOGY ORGANIZATION THAT PROVIDES COST-EFFECTIVE, STREAMLINED AND UNIFORM LICENSING DATA AND COMPLIANCE SERVICES FOR INSURANCE PROFESSIONALS. TOGETHER WITH THE NAIC AND THE INSURANCE INDUSTRY, NIPR PROTECTS AND SERVES INSURANCE CONSUMERS.
-
NIPR SUPPORTS THE MEMBERS OF THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS, A 501(C)(3) ORGANIZATION, THROUGH A SERVICE AGREEMENT, BY ASSISTING IN MAINTAINING THE NAIC'S STATE PRODUCER LICENSING DATABASE WHICH CONTAINS RECORDS REGARDING INSURANCE AGENTS AND OTHER SUCH PRODUCERS THROUGHOUT THE FIFTY STATES, THE DISTRICT OF COLUMBIA, GUAM, PUERTO RICO AND THE VIRGIN ISLANDS. THESE RECORDS ARE ACCESSED ELECTRONICALLY BY THE INSURANCE COMMISSIONERS OF ALL SUCH JURISDICTIONS AND THEIR STAFFS AND MAY BE EMPLOYED TO EXPEDITE THE PRODUCER LICENSING ACTIVITIES THEREOF. THE PRODUCER DATABASE MAY BE ACCESSED BY INSURANCE COMPANIES. IN ADDITION, THE GATEWAY FACILITATES THE PRODUCER LICENSING, APPOINTMENT AND TERMINATION PROCESS BETWEEN STATE INSURANCE REGULATORS AND THE INSURANCE INDUSTRY.
As filed on the 2023 return.
Listed in Part VII
-
Andy BealANDY BEAL
CHIEF OPERATING OFFICER/CHIEF LEGAL OFFICER
- Total calculated
- $873,128
- From this org
- $0
- From related orgs
- $830,468
- Other
- $42,660
- Hours/week
- 1 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $628,126 related
- Bonus
- $0 + $107,526 related
- Other
- $0 + $94,816 related
- Deferred
- $0 + $27,150 related
- Nontaxable benefits
- $0 + $15,510 related
- Filer's total
- $0 + $873,128 related
-
Michael ConsedineMICHAEL CONSEDINE
DIRECTOR AND CEO NAIC
- Total calculated
- $665,041
- From this org
- $0
- From related orgs
- $631,473
- Other
- $33,568
- Hours/week
- 1 + 37.5 related
Schedule J breakdown matched by us
- Base
- $0 + $271,097 related
- Bonus
- $0 + $295,651 related
- Other
- $0 + $64,725 related
- Deferred
- $0 + $24,537 related
- Nontaxable benefits
- $0 + $9,031 related
- Filer's total
- $0 + $665,041 related
-
The Honorable Larry DeiterTHE HONORABLE LARRY DEITER
DIRECTOR PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Cari LeeCARI LEE
DIRECTOR VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Elizabeth DwyerTHE HONORABLE ELIZABETH DWYER
DIRECTOR SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Sharon ClarkTHE HONORABLE SHARON CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David LeiferDAVID LEIFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anthony MaddoxANTHONY MADDOX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Glen MulreadyTHE HONORABLE GLEN MULREADY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lauren PachmanLAUREN PACHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Vicki SchmidtTHE HONORABLE VICKI SCHMIDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Torti IIIJOSEPH TORTI III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jessica WaltmanJESSICA WALTMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
The Honorable Lori Wing-HeierTHE HONORABLE LORI WING-HEIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen Staken HornigKAREN STAKEN HORNIG
CHIEF EXECUTIVE OFFICER
- Total calculated
- $648,772
- From this org
- $609,524
- From related orgs
- $0
- Other
- $39,248
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $470,059
- Bonus
- $92,085
- Other
- $47,380
- Deferred
- $28,050
- Nontaxable benefits
- $11,198
- Filer's total
- $648,772
-
Eric SaulERIC SAUL
CHIEF TECHNOLOGY OFFICER
- Total calculated
- $480,059
- From this org
- $440,811
- From related orgs
- $0
- Other
- $39,248
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $373,765
- Bonus
- $60,356
- Other
- $6,690
- Deferred
- $28,050
- Nontaxable benefits
- $11,198
- Filer's total
- $480,059
-
Laurie WolfLAURIE WOLF
DEPUTY DIRECTOR
- Total calculated
- $306,288
- From this org
- $264,910
- From related orgs
- $0
- Other
- $41,378
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $212,056
- Bonus
- $44,415
- Other
- $8,439
- Deferred
- $18,441
- Nontaxable benefits
- $22,937
- Filer's total
- $306,288
-
Sarah HeidenreichSARAH HEIDENREICH
GENERAL COUNSEL
- Total calculated
- $325,753
- From this org
- $273,010
- From related orgs
- $0
- Other
- $52,743
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $230,719
- Bonus
- $31,863
- Other
- $10,428
- Deferred
- $20,057
- Nontaxable benefits
- $32,686
- Filer's total
- $325,753
-
Valeria WilliamsVALERIA WILLIAMS
DIRECTOR OF BUSINESS DEVELOPEMNT & CUSTOMER EXPERI
- Total calculated
- $288,599
- From this org
- $250,730
- From related orgs
- $0
- Other
- $37,869
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $194,972
- Bonus
- $42,924
- Other
- $12,834
- Deferred
- $17,641
- Nontaxable benefits
- $20,228
- Filer's total
- $288,599
-
Dennis WilsonDENNIS WILSON
ASSISTANT DIRECTOR QUALITY ASSURANCE & TECHNICAL
- Total calculated
- $246,505
- From this org
- $217,237
- From related orgs
- $0
- Other
- $29,268
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $199,936
- Bonus
- $1,482
- Other
- $15,819
- Deferred
- $18,308
- Nontaxable benefits
- $10,960
- Filer's total
- $246,505
-
Heidi WoodHEIDI WOOD
ASSISTANT DIRECTOR APPLICATION DEVELOPMENT
- Total calculated
- $250,532
- From this org
- $201,342
- From related orgs
- $0
- Other
- $49,190
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $192,108
- Bonus
- $61
- Other
- $9,173
- Deferred
- $16,504
- Nontaxable benefits
- $32,686
- Filer's total
- $250,532
-
Steve AndersonSTEVE ANDERSON
ENTERPRISE ARCHITECT
- Total calculated
- $211,267
- From this org
- $185,894
- From related orgs
- $0
- Other
- $25,373
- Hours/week
- 37.5
Schedule J breakdown matched by us
- Base
- $184,234
- Bonus
- $140
- Other
- $1,520
- Deferred
- $14,174
- Nontaxable benefits
- $11,199
- Filer's total
- $211,267
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
- 1a · Tax indemnification and gross-up payments
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 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
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 1A
- KAREN STAKEM HORNIG, SARAH HEIDENREICH, ERIC SAUL, DENNIS WILSON, LAURIE WOLF, HEIDI WOOD AND VALERIA WILLIAMS ARE ELIGIBLE FOR A DIRECTOR'S BENEFIT FOR VARIOUS WELLNESS/FITNESS ITEMS AND TAX AND LEGAL SERVICES WHICH ARE COMPENSATED BY NIPR. MICHAEL CONSEDINE AND ANDY BEAL ARE ELIGIBLE FOR SIMILAR DIRECTOR'S BENEFITS. ALL OF MICHAEL CONSEDINE'S AND ANDY BEAL'S COMPENSATION AND BENEFITS ARE PAID FOR AND PROVIDED BY THE NAIC. THE CEO'S DIRECT REPORTS ERIC SAUL, LAURIE WOLF, SARAH HEIDENREICH AND VALERIA WILLIAMS ARE ELIGIBLE FOR A PERFORMANCE INCENTIVE ANNUALLY.
- SCHEDULE J, PART I, LINE 3
- NIPR HAS A FORMAL EXECUTIVE COMPENSATION POLICY FOR THE CHIEF EXECUTIVE OFFICER INCLUDING AN ANNUAL PERFORMANCE REVIEW, COMPARABILITY DATA, AND REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. THE CEO'S COMPENSATION IS DETERMINED BY NATIONAL SURVEYS, INDEPENDENT CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS AND BOARD APPROVAL AND IS BASED ON PERFORMANCE AS STATED IN THE WRITTEN ANNUAL EVALUATION. ANNUAL COMPENSATION INCREASES ARE BASED AT LEAST IN PART ON A REVIEW BY AN INDEPENDENT CONSULTANT.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS
501(C)(3) · SEE PART VII · DE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423189349301862
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.