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EIN 82-2815065

Namic Mutual Insurance Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Indianapolis
State
Indiana
Year formed
2018
Most recent tax filings
2023-04-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The Namic Mutual Insurance Foundation, Inc. organizes exclusively for charitable and educational purposes. Its primary focus is to advance public awareness of mutual insurance concepts and the insurance industry in general. The foundation makes grants, gifts or contributions in money or other property to schools, colleges, universities or other institutions of learning for financial assistance in fostering the continued growth of a strong and invigorated mutual insurance industry.
Related structure
Namic Mutual Insurance Foundation is a subordinate organization under National Association of Mutual Insurance Companies.
Total revenues
$388,540
2023
Total expenses
$156,952
2023
Total assets
$498,074
2023
Num. employees
0
2023

Program areas at Namic Mutual Insurance Foundation

Advance public awareness of Mutual Insurance concepts and the Insurance industry in general; and to make grants, gifts or contributions in money or other property to schools, colleges, universities or other institutions of learning for financial assistance to worthy students acquiring training in the risk management and Insurance industry.

Grants made by Namic Mutual Insurance Foundation

GranteeGrant descriptionAmount
The University of OlivetScholarship$27,000
Purdue University GlobalScholarship$15,000

Who funds Namic Mutual Insurance Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Frankenmuth Insurance FoundationCommunity Support$5,000
Preferred Mutual Insurance Company FoundationGeneral Operating$1,250

Personnel at Namic Mutual Insurance Foundation

NameTitleCompensation
Sarah SchnettlerExecutive Director$0
Steven C SliverChair / Director$0

Financials for Namic Mutual Insurance Foundation

RevenuesFYE 04/2023
Total grants, contributions, etc.$373,540
Program services$0
Investment income and dividends$0
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$15,000
Total revenues$388,540

Form 990s for Namic Mutual Insurance Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-042024-03-14990View PDF
2022-042022-11-15990EZView PDF
2021-122022-11-15990EZView PDF
2020-122021-11-15990EZView PDF
2019-122021-05-12990EZView PDF
Data update history
July 16, 2024
Received grants
Identified 1 new grant, including a grant for $1,250 from Preferred Mutual Insurance Company Foundation
May 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 2 new personnel
December 25, 2023
Received grants
Identified 3 new grant, including a grant for $15,000 from The Westfield Insurance Foundation
November 25, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
Nonprofit Types
Grantmaking organizationsCorporate foundationsSchoolsInsurance companiesEnvironmental organizationsChapter / child organizationsCharities
Issues
Education
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
3601 Vincennes Rd
Indianapolis, IN 46268
Metro area
Indianapolis-Carmel-Anderson, IN
County
Marion County, IN
Website URL
namicmutualfoundation.org/ 
Phone
(317) 875-5250
IRS details
EIN
82-2815065
Fiscal year end
April
Taxreturn type
Form 990
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Subordinate organization
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