NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES (EIN 35-0539460)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202423199349317222
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T18:54:29-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 205520612 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | L M HENDERSON & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 E 96TH ST STE 200 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 462403797 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350539460 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NATIONAL ASSOCIATION OF MUTUAL | BusinessNameLine1Txt |
| Business Name Line2 | INSURANCE COMPANIES INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NATI | BusinessNameControlTxt |
| Phone | 3178755250 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 VINCENNES ROAD | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46268 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NATHAN SALATI | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 3178755250 | PhoneNum |
| Signature | 2024-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JAMES J CLINE | PreparerPersonNm |
| PTIN | P00151432 | PTIN |
| Phone | 3175661000 | PhoneNum |
| Preparation | 2024-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | NEIL ALLDREDGE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 VINCENNES ROAD | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46268 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $22,629,248 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.NAMIC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1919 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | NAMIC IS A PROPERTY-CASUALTY INSURANCE TRADE ASSSOCIATION PROVIDING LEADERSHIP IN ADVOCACY, EDUCATION, AND ASSOCIATION SERVICES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 110 | TotalEmployeeCnt |
| Total Volunteers | 27 | TotalVolunteersCnt |
| Total Gross UBI | $67,750 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $35,007 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $20,596,811 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $22,377,993 | CYProgramServiceRevenueAmt |
| PY Investment Income | $101,821 | PYInvestmentIncomeAmt |
| CY Investment Income | $172,580 | CYInvestmentIncomeAmt |
| PY Other Revenue | $5,606 | PYOtherRevenueAmt |
| CY Other Revenue | $77,793 | CYOtherRevenueAmt |
| PY Total Revenue | $20,704,238 | PYTotalRevenueAmt |
| CY Total Revenue | $22,628,366 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $11,534,852 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $13,081,295 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,756,167 | PYOtherExpensesAmt |
| CY Other Expenses | $9,007,817 | CYOtherExpensesAmt |
| PY Total Expenses | $19,291,019 | PYTotalExpensesAmt |
| CY Total Expenses | $22,089,112 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,413,219 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $539,254 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $22,000,768 | TotalAssetsBOYAmt |
| Total Assets EOY | $24,043,020 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $4,428,423 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,410,267 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $17,572,345 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $18,632,753 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | NAMIC ORGANIZES AND LEADS ASSOCIATION MEMBER EFFORTS TO IMPROVE THE HEALTH AND PERFORMANCE OF THE PROPERTY CASUALTY INSURANCE THROUGH ITS GOVERNMENT AFFAIRS (ADVOCACY, LOBBYING, ISSUE MANAGEMENT, PUBLIC AFFAIRS, AND FEDERAL AND STATE GRASSROOTS EFFORTS INCLUDING POLITICAL ACTION); EDUCATION/CERTIFICATION (BOARD, EXECUTIVE, MANAGEMENT; TECHNICAL); AND INSURANCE BUSINESS SUPPORT SERVICES (PROFESSIONAL LIABILITY INSURANCE, COMPLIANCE, AND EMPLOYEE BENEFIT PROGRAMS). NAMIC'S EFFORTS ARE DIRECTED THROUGH ITS 501(C)6 PARENT ORGANIZATION AND WITHIN RELATED SUBSIDIARIES AND OTHER ENTITIES AS DESCRIBED HEREIN. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | GOVERNMENT AFFAIRS/ADVOCACY - NAMIC LEADS MEMBER EFFORTS IN THIS AREA THROUGH ITS FEDERAL, STATE AND INTERNATIONAL GOVERNMENT AND PUBLIC AFFAIRS ACTIVITY (ISSUE RESEARCH/MANAGEMENT, ADVOCACY, LOBBYING); CONGRESSIONAL CONTACT AND POLITICAL ACTION PROGRAMS, JOINT INDUSTRY OR INDIVIDUAL ADVOCACY PROJECT EFFORTS, ONGOING COMMUNICATION AND EDUCATION ON RELEVANT PUBLIC POLICY ISSUES AND RELATED ENTITY SUPPORT AND OVERSIGHT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EDUCATION AND CERTIFICATION - NAMIC DEVELOPS, ORGANIZES AND CONDUCTS IN- PERSON AND VIRTUAL INDUSTRY/MEMBER EDUCATION AND EVENT PROGRAMS ADDRESSING INSURANCE COMPANY OPERATIONS (UNDERWRITING, CLAIMS, MARKETING), GOVERNANCE, AND GENERAL/EXECUTIVE MANAGEMENT INVOLVING MORE THAN 7,500 PARTICIPANTS ANNUALLY. NAMIC ALSO PROVIDES PROGRAMMING AND ADMINISTRATION OF TWO CERTIFICATION PROGRAMS FOR MEMBER COMPANY BOARDS OF DIRECTORS AND COMPANY MANAGERS INVOLVING MORE THAN 1,200 INDIVIDUALS SEEKING OR HOLDING CERTIFICATIONS. NAMIC PLANS AND MANAGES AN ANNUAL CONVENTION ATTENDED BY MORE THAN 1,500 BUSINESS ATTENDEES AND EXHIBITORS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INSURANCE SUPPORT SERVICES - NAMIC OVERSEES THE DEVELOPMENT AND PRODUCTION OF HIGH VALUE PRODUCTS AND SERVICES TO ITS MEMBERS AND OTHER INSURANCE ENTITIES, INCLUDING PROFESSIONAL LIABILITY INSURANCE (D&O, ICPL, AND FIDELITY); MANAGEMENT SERVICES; LEGISLATION AND COMPLIANCE TRACKING SERVICES; BENCHMARKING; AND BENEFIT PROGRAMS FOR MEMBER COMPANY EMPLOYEES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (true) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | Yes (true) | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 39 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 110 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | Yes (true) | NondeductibleContributionsInd |
| Nondeductible Contri Discl | Yes (true) | NondeductibleContriDisclInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (true) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NATHAN SALATI | PersonNm |
| Phone | 3178755250 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 VINCENNES ROAD | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46268 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (38 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| NEIL ALLDREDGE | |||||||||
| PRESIDENT & | 25.00 | 15.00 | Yes (X) | $744,027 | $400,630 | $59,725 | |||
| JIMI GRANDE | |||||||||
| SVP - FEDERA | 39.00 | 1.00 | $527,048 | $0 | $44,061 | Yes (X) | |||
| MARK VANDER KOOY | |||||||||
| CSO | 29.00 | 11.00 | Yes (X) | $319,351 | $106,450 | $43,262 | |||
| GREGG A DYKSTRA | |||||||||
| COO & CLO | 25.00 | 15.00 | Yes (X) | $261,542 | $140,830 | $35,283 | |||
| ERIN COLLINS | |||||||||
| SVP - STATE | 40.00 | $346,297 | $0 | $39,080 | Yes (X) | ||||
| SARAH SCHNETTLER | |||||||||
| SVP - MEMBER | 39.00 | 1.00 | $339,325 | $0 | $41,231 | Yes (X) | |||
| JENNIFER HAMILTON | |||||||||
| PRES. & CEO | 1.50 | 38.50 | $0 | $338,841 | $21,558 | Yes (X) | |||
| ANDREW KIRKNER | |||||||||
| GENERAL COUN | 27.00 | 13.00 | $187,189 | $100,794 | $23,822 | Yes (X) | |||
| THOMAS KAROL | |||||||||
| GENERAL COUN | 40.00 | $235,555 | $0 | $13,758 | Yes (X) | ||||
| CRISTA HASSETT | |||||||||
| SVP - EVENTS | 39.00 | 1.00 | $223,757 | $0 | $21,672 | Yes (X) | |||
| SHANNON OLLIKAINEN | |||||||||
| CHIEF OF STA | 26.00 | 14.00 | Yes (X) | $94,514 | $50,893 | $32,003 | |||
| MATT BENEDICT | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| JACOB BLACK | |||||||||
| IMMED PAST C | 1.00 | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| CHRIS BROWN | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| BRAD FORTNER | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| DAVID GAUTSCHE | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| ANDY GERLACH | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| ELIZABETH HECK | |||||||||
| CHAIRMAN | 1.00 | 1.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| WENSLEY HERBERT | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| JEFFERY HOWELL | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| FRED EDMOND JR | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| TIM KOPPENHAVER | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| STEVEN LINKOUS | |||||||||
| PAST TREASUR | 1.00 | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| LISA LOTT | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| TRICIA MICKLEY | |||||||||
| TREASURER | 1.00 | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| KEVIN MOSLEY | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| JOEL MURRAY | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| RANDA RAWLINS | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| MARK RUSSELL | |||||||||
| CHAIR-ELECT | 1.00 | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| RONALD RUTLEDGE | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| KENT SHANTZ | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| JESSIE STAUFFACHER | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| STEVE STOGNER | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| PAUL STUEVEN | |||||||||
| SECRETARY | 1.00 | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| SUSAN TAGGART | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| MARK WALZ | |||||||||
| VICE CHAIR | 1.00 | 1.50 | $0 | $0 | $0 | Yes (X) | |||
| JIM WELLMAN | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| JEFF WROBEL | |||||||||
| DIRECTOR | 1.50 | 0.50 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,278,605 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,138,438 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $375,455 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 43 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| EMBER LLC | |||||
| 59 STATE STREET | NEWBURYPORT | MA | 01950 | EVENT PLANNING | $616,272 |
| FREEMAN | |||||
| 1600 VICEROY STE 100 | DALLAS | TX | 75266 | EXHIBIT SERVICE | $155,794 |
| WASHINGTON SPEAKERS BUREAU | |||||
| 2020 PENNSYLVANIA AVE NW 258 | WASHINGTON | DC | 20006 | LECTURE AGENCY | $128,600 |
| FEDERAL HALL POLICY ADVISORS | |||||
| 1455 PENNSLYVANIA AVE NW | WASHINGTON | DC | 20004 | ADVOCACY | $125,000 |
| CROSSROADS STRATEGIES LLC | |||||
| 800 NORTH CAPITOL ST NW STE 800 | WASHINGTON | DC | 20002 | LEGAL SUPPORT | $110,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBERSHIP DUES | 524298 | $14,547,000 | $14,547,000 |
| EDUCATIONAL MEETINGS/SEMINARS | 524298 | $7,675,893 | $7,675,893 |
| PUBLICATIONS | 524298 | $155,100 | $155,100 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $22,377,993 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $171,962 | TotalRevenueColumnAmt |
| Exclusion | $171,962 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,500 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $882 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $618 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $618 | TotalRevenueColumnAmt |
| Exclusion | $618 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| ADVERTISING INCOME | 541800 | $67,750 | $67,750 | |
| MISCELLANEOUS REVENUE | 900099 | $10,043 | $10,043 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $77,793 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,628,366 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $22,388,036 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $67,750 | UnrelatedBusinessRevenueAmt |
| Exclusion | $172,580 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,220,017 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,351,408 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $462,889 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,170,561 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $876,420 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,847 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,546 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,266 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $976,281 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,975 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $501,320 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,118,080 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $919,564 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,983,285 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,373 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| CONTRIBUTIONS | $864,310 |
| SPEAKER FEES | $445,073 |
| DUES AND REGISTRATIONS | $405,189 |
| SOFTWARE SUBSCRIPTION | $183,712 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $444,996 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,089,112 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,189 | BOYAmt |
| EOY | $26,510 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,055,846 | BOYAmt |
| EOY | $3,055,621 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,310,954 | BOYAmt |
| EOY | $2,539,799 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $689,855 | BOYAmt |
| EOY | $441,265 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,857,922 | BOYAmt |
| EOY | $5,012,059 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,736,258 | BOYAmt |
| EOY | $10,776,576 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,343,744 | BOYAmt |
| EOY | $2,191,190 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,000,768 | BOYAmt |
| EOY | $24,043,020 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,888,564 | BOYAmt |
| EOY | $3,127,041 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $803,786 | BOYAmt |
| EOY | $951,658 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,736,073 | BOYAmt |
| EOY | $1,331,568 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,428,423 | BOYAmt |
| EOY | $5,410,267 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,572,345 | BOYAmt |
| EOY | $18,632,753 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,572,345 | BOYAmt |
| EOY | $18,632,753 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,000,768 | BOYAmt |
| EOY | $24,043,020 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $539,254 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $267,313 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $253,841 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form1120 POL Filed | false | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NAMIC ADVOCACY FUND | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3601 VINCENNES ROAD | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46268 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 743030312 | EIN |
| Contributions Rcvd Dlvr | $370,760 | ContributionsRcvdDlvrAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nonded | false | SubstantiallyAllDuesNondedInd |
| Only In House Lobbying | false | OnlyInHouseLobbyingInd |
| Agree Carryover Prior Year | false | AgreeCarryoverPriorYearInd |
| Dues Assessments | $14,547,000 | DuesAssessmentsAmt |
| Non Deductible Lbbyng Pltcl CY | $3,199,399 | NonDeductibleLbbyngPltclCYAmt |
| Non Deductible Lbbyng Pltcl Tot | $3,199,399 | NonDeductibleLbbyngPltclTotAmt |
| Aggregate Reported Dues Ntc | $3,198,885 | AggregateReportedDuesNtcAmt |
| Taxable | $514 | TaxableAmt |
Schedule D IRS990ScheduleD
Other Securities OtherSecuritiesGrp (5 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CERTIFICATES OF DEPOSIT | $5,000,000 | C |
| NAMIC SERVICE CORPORATION | $3,939,797 | C |
| NAMIC INSURANCE AGENCY | $937,859 | C |
| NAMICO, INC. | $776,423 | F |
| MARKET VALUE ADJUSTMENT | $122,497 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $10,776,576 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RIGHT-OF-USE ASSETS | $1,225,806 |
| CONSTRUCTION & SOFTWARE IN PROGRESS | $533,377 |
| CASH SURRENDER OF LIFE INS | $432,007 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $2,191,190 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| LEASE LIABILITY | $1,225,806 |
| PENSION LIABILITY | $87,703 |
| INCOME TAXES PAYABLE | $18,059 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,331,568 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $22,895,679 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $267,313 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $267,313 | RevenueNotReportedAmt |
| Revenue Subtotal | $22,628,366 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $22,628,366 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $21,977,250 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $21,977,250 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $111,862 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $111,862 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $22,089,112 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | NAMIC IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MANAGEMENT EVALUATES ALL SIGNIFICANT INCOME TAX POSITIONS THAT IT TAKES. FOR THE YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022, MANAGEMENT DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. THE COMPANIES RECOGNIZE INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. THE COMPANIES ARE SUBJECT TO EXAMINATION BY THE TAXING AUTHORITY, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE TAX RETURNS ARE FILED. THE COMPANIES' FEDERAL AND STATE RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THEY ARE FILED. |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | INCOME TAX 111,862 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NEIL ALLDREDGE | ||||||||||||
| PRESIDENT & CEO | $434,548 | $400,630 | $300,348 | $9,131 | $27,840 | $31,885 | $803,752 | $400,630 | ||||
| JIMI GRANDE | ||||||||||||
| SVP - FEDERAL | $391,303 | $134,914 | $831 | $20,885 | $23,176 | $571,109 | ||||||
| MARK VANDER KOOY | ||||||||||||
| CSO | $269,071 | $106,450 | $48,813 | $1,467 | $19,777 | $23,485 | $362,613 | $106,450 | ||||
| GREGG A DYKSTRA | ||||||||||||
| COO & CLO | $22,252 | $140,830 | $228,061 | $11,229 | $19,490 | $15,793 | $296,825 | $140,830 | ||||
| ERIN COLLINS | ||||||||||||
| SVP - STATE AFFAIRS | $279,349 | $66,235 | $713 | $16,109 | $22,971 | $385,377 | ||||||
| SARAH SCHNETTLER | ||||||||||||
| SVP - MEMBER EXP | $271,407 | $67,519 | $399 | $18,055 | $23,176 | $380,556 | ||||||
| JENNIFER HAMILTON | ||||||||||||
| PRES. & CEO - NAMICO | $282,397 | $360,399 | $55,000 | $1,444 | $13,498 | $8,060 | ||||||
| ANDREW KIRKNER | ||||||||||||
| GENERAL COUNSEL | $155,160 | $100,794 | $31,686 | $343 | $15,102 | $8,720 | $211,011 | $100,794 | ||||
| THOMAS KAROL | ||||||||||||
| GENERAL COUNSEL- FED | $231,939 | $514 | $3,102 | $13,098 | $660 | $249,313 | ||||||
| CRISTA HASSETT | ||||||||||||
| SVP - EVENTS | $200,939 | $22,409 | $409 | $12,829 | $8,843 | $245,429 | ||||||
| SHANNON OLLIKAINEN | ||||||||||||
| CHIEF OF STAFF | $80,217 | $50,893 | $14,068 | $229 | $8,827 | $23,176 | $126,517 | $50,893 | ||||
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART III | FormAndLineReferenceDesc |
| Explanation | SCHEDULE J, PART I, LINE 4B: IN ORDER TO RETAIN EXECUTIVE MANAGEMENT, NAMIC CREATED NONQUALIFIED PLANS TO ADDRESS RETIREMENT PLAN LIMITATIONS FOR EXECUTIVE STAFF - A DEFINED BENEFIT "EXCESS" PLAN AND A DEFINED CONTRIBUTION "EXCESS" PLAN - SEPARATE UNFUNDED (NON-QUALIFIED) PLANS THAT PROVIDE A COMPARABLE BENEFIT FOR EXECUTIVE PAY IN EXCESS OF ANY QUALIFIED PLAN LIMIT. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | NAMIC ORGANIZES AND LEADS ASSOCIATION MEMBER EFFORTS TO IMPROVE THE HEALTH AND PERFORMANCE OF THE PROPERTY CASUALTY INSURANCE THROUGH ITS GOVERNMENT AFFAIRS (ADVOCACY, LOBBYING, ISSUE MANAGEMENT, PUBLIC AFFAIRS, AND FEDERAL AND STATE GRASSROOTS EFFORTS INCLUDING POLITICAL ACTION); EDUCATION/CERTIFICATION (BOARD, EXECUTIVE, MANAGEMENT; TECHNICAL); AND INSURANCE BUSINESS SUPPORT SERVICES (PROFESSIONAL LIABILITY INSURANCE, COMPLIANCE, AND EMPLOYEE BENEFIT PROGRAMS). NAMIC'S EFFORTS ARE DIRECTED THROUGH ITS 501(C)6 PARENT ORGANIZATION AND WITHIN RELATED SUBSIDIARIES AND OTHER ENTITIES AS DESCRIBED HEREIN. |
| FORM 990, PAGE 6, PART VI, LINE 6 | NAMIC MEMBERS ELECT DIRECTORS AND APPROVE SIGNIFICANT TRANSACTIONS INVOLVING THE ORGANIZATION. |
| FORM 990, PAGE 6, PART VI, LINE 7A | DIRECTORS ARE ELECTED BY THE MEMBERSHIP AND MAY NOT BE REMOVED EXCEPT BY THE MEMBERS. THE OFFICER POSITIONS OF CHAIR ELECT, VICE CHAIR, SECRETARY, AND TREASURER REQUIRE THE VOTE OF THE MEMBERSHIP EACH YEAR AND MAY NOT BE REMOVED FROM OFFICE EXCEPT BY THE MEMBERSHIP. |
| FORM 990, PAGE 6, PART VI, LINE 7B | CHANGES TO THE ARTICLES OF INCORPORATION REQUIRE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS MADE AVAILABLE TO ALL NAMIC BOARD MEMBERS FOR REVIEW AND COMMENT. THE AUDIT/FINANCE COMMITTEE OF THE BOARD IS AUTHORIZED TO APPROVE THE REPORT BEFORE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE A DISCLOSURE EACH YEAR. IN ADDITION, DURING BOARD MEMBER ORIENTATIONS THERE IS A REVIEW OF THE CONFLICT/DISCLOSURE POLICY. THE BOARD AGENDA IS REVIEWED EACH QUARTER WITH THE EXPRESS PURPOSE OF IDENTIFYING POTENTIAL CONFLICTS INVOLVING DIRECTORS. INDIVIDUAL DIRECTORS WILL ABSTAIN FROM DISCUSSIONS AND VOTING ON ANY ITEM OR MATTER UNDER DISCUSSION WHICH PRESENTS THE APPEARANCE OF A CONFLICT. ALSO, THE CHAIRMAN OF THE BOARD IS AUTHORIZED TO IDENTIFY POTENTIAL CONFLICTS AND ADDRESS THEM ON HIS/HER OWN INITIATIVE. ANY IDENTIFIED CONFLICTS (AND RESULTING ABSTENTIONS) ARE NOTED IN THE MINUTES OF THE MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | RELEVANT SALARY SURVEYS ARE CONSULTED AND A MEMO IS PROVIDED TO THE COMPENSATION COMMITTEE REGARDING APPROPRIATE MARKET VALUE SALARY RANGES. THE COMMITTEE REVIEWS SALARIES ANNUALLY AND SETS THE PRESIDENT'S SALARY AND SETS UP BONUS PLANS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE NAMIC COMPENSATION COMMITTEE REVIEWS THE ENTIRE COMPENSATION BUDGET FOR THE ASSOCIATION. INTERNALLY, HUMAN RESOURCES AND UPPER MANAGEMENT REVIEW AND ESTABLISH OFFICER AND KEY EMPLOYEE SALARIES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | NAMIC MAKES ALL REQUIRED DOCUMENTS AVAILABLE TO ITS MEMBERS AND TO THE GENERAL PUBLIC. |
| FORM 990, PART XI, LINE 9 | CURRENT YEAR INCOME FROM SUBSIDIARIES 655,327 EQUITY IN INCOME OF AFFILIATES 89,513 RECOGNITION OF PERIODIC PENSION COST -243,605 TRANSFER OF RESIDUAL PENSION ASSETS -247,394 TOTAL 253,841 |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Public Charity StatusPublicCharityStatusTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| NAMIC GROUP INSURANCE TRUST | ||||||||||
| PO BOX 68700 | INDIANAPOLIS | IN | 46268 | 351545846 | BENEFITS | IN | 501C9 | NAMIC INC | false | |
| NTL ASSOC OF MUTUAL INSUR CO | ||||||||||
| ADMIN FD - 3601 VINCENNES ROAD | INDIANAPOLIS | IN | 46268 | 743030312 | PAC SUPPOR | IN | 527 | NAMIC INC | false | |
| NTL ASSOC OF MUTUAL INSUR CO PAC | ||||||||||
| 3601 VINCENNES ROAD | INDIANAPOLIS | IN | 46268 | 351768626 | PAC SUPPOR | IN | 527 | NA | false | |
| NAMIC MUTUAL INSURANCE FDN | ||||||||||
| 3601 VINCENNES ROAD | INDIANAPOLIS | IN | 46268 | 822815065 | EDUCATION | IN | 501C3 | NAMIC INC | false | 7 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NAMIC SERVICE CORPORATION | ||||||||||||
| 3601 VINCENNES ROAD | INDIANAPOLIS | IN | 46268 | 351176317 | MGMNT-INS. | IN | NAMIC INC | C CORP | $775,406 | $14,992,458 | 1.00000 | false |
| NAMIC INSURANCE AGENCY | ||||||||||||
| 3601 VINCENNES ROAD | INDIANAPOLIS | IN | 46268 | 351469772 | INSURANCE | IN | NSC | C CORP | false | |||
| NAMIC INSURANCE COMPANY INC | ||||||||||||
| PO BOX 68700 | INDIANAPOLIS | IN | 46268 | 351701158 | INSURANCE | IN | NA | C CORP | $16,161 | $1,758,945 | 0.02230 | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (true) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (9 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| NAMIC SERVICE CORPORATION | ||
| K | $801,030 | COST |
| NAMIC SERVICE CORPORATION | ||
| O | $907,809 | COST |
| NAMIC INSURANCE COMPANY INC | ||
| Q | $119,473 | COST |
| NAMIC ADVOCACY FUND | ||
| R | $370,760 | COST |
| NAMIC ADVOCACY FUND | ||
| Q | $2,110 | COST |
| NAMIC ADVOCACY FUND | ||
| B | $700,000 | COST |
| NAMIC ADVOCACY FUND | ||
| P | $7,814 | COST |
| NAMIC MUTUAL INSURANCE FDN | ||
| L | $37,000 | COST |
| NAMIC MUTUAL INSURANCE FDN | ||
| B | $1,038 | COST |