EIN 13-5564002

Inland Marine Underwriters Association (IMUA)

IRS 501(c) type
501(c)(6)
Num. employees
3
Year formed
1931
Most recent tax filings
2023-12-01
NTEE code, primary
Description
IMUA provides its members with comprehensive training and educational programs, including research papers, news articles, industry analysis, & seminars.
Total revenues
$1,357,215
2023
Total expenses
$1,409,941
2023
Total assets
$1,266,624
2023
Num. employees
3
2023

Program areas at IMUA

The annual meeting - in the second quarter of each calendar year, usually april or may, imua holds its premier education event at an off-site hotel or resort-style property in the u.s. The event runs from sunday through tuesday and includes a board meeting; an opening reception and dinner for member networking; open forum business meeting; six education sessions on topical issues, each lasting from 1 to 3 hours, often with continuing education credits from one or more state insurance departments; some recreation events; a mini-trade show on both monday & tuesday; and a closing reception/banquet. In 2023 the annual meeting boasted record attendance of over 375 attendees.
Regional seminars - imua has 9 regional advisory committees located in toronto, new york, atlanta, columbus, chicago, dallas, boston, richmond, and san francisco. At various times throughout the calendar year, these volunteer-based committees each hold one or more breakfastlunchnlearnhalfdayfull day live educational seminars, often with state insurance department continuing education credits, on a myriad of insurance topics germane to a geographic area. They also occasionally host networking socials and/or field trips to get a closer look at various Inland Marine insurance exposures (ie visiting a refrigerated warehouse to see the various Inland Marine transportation and warehouse legal liability exposures). Attendance for these seminars events typically ranges from low 20's up to 100 attendees. Objective/ accomplishment - primarily education and training but also networking/strengthening industry connections.
Web seminars and virtual classes/forums - about 12 to 18 times a calendar year, a volunteer-based regional committee and/or technical committees arrange for a web seminar, typically 1 hour in duration from 2:00pm 3:00pm et where geographically remote sites across the u.s., and sometimes internationally, can log into the audio/visual presentation on a topical issue usually presented by a non-insurance expert, e.g. Hurricanes and the impact on levees. Multiple attendees are traditionally at each site, and member companies find this is a cost effective and efficient way to provide education and technical information to their employees (there is no additional cost to attend webinars as all access to all virtual programs is now included in imua's company membership fee. In 2023, imua presented 12 educational webinars and 6 classes with each session attracting an average of 300 viewers with a duration of 60 to 75 minutes for webinars and 3 hours for the virtual classes/forums.
Technical committees - these volunteer committees, centered around the major lines of Inland Marine business and claims/loss control, provide technical information via the members-only section of the website in a myriad of ways including technical papers, planning seminars/webinars, and field trips.

Personnel at IMUA

NameTitleCompensation
Kevin O'BrienArm President and Chief Executive Officer , Imua$280,904
Elvira RodinOffice Manager , Imua View
Lillian ColsonVice President and Secretary$159,638
Arthur J SiederDeputy Chair$0
Jessica FrankovichBoard Member$0
...and 4 more key personnel

Financials for IMUA

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$1,333,296
Investment income and dividends$12,342
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$11,577
Total revenues$1,357,215

Form 990s for IMUA

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-09990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s
Data update history
November 12, 2024
Updated personnel
Identified 4 new personnel
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 9, 2024
Updated personnel
Identified 2 new personnel
December 27, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Business and community development organizationsInsurance companiesEnvironmental organizations
Issues
EducationBusiness and industry
Characteristics
Community engagement / volunteering
General information
Address
14 Wall St 820
New York, NY 10005
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
imua.org/ 
Phone
(212) 233-0550
Facebook page
InlandMarineUnderwritingAssociation 
Twitter profile
@imuaconnect 
IRS details
EIN
13-5564002
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1931
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S41: Promotion of Business
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Independent
Free account sign-up

Want updates when IMUA has new information, or want to find more organizations like Inland Marine Underwriters Association (IMUA)?

Create free Cause IQ account