Program areas at Nonprofit Insurance Trust
The Nonprofit Insurance Trust (Trust) was established to administer self-insurance pools for nonprofit organizations in the State of Minnesota. The members of the Trust are made up of day support services programs, employment training facilities for clients with disabilities, group homes, community mental health centers, community service organizations, nonprofit schools, and other social service organizations. The Trust is formed to pool the risks of the member organizations. The Trust may have one or more pools of nonprofit organizations. The Trust negotiates the insurance contracts, determines and processes eligibility decisions, communicates the plan features and rates to subscribers, administers claims and billing issues, collects premiums, and monitors legislative developments that affect the insurance plan.
Personnel at Nonprofit Insurance Trust
| Name | Title | Compensation | Date of data |
|---|
| Lynne Megan | Board Member | $0 | 2024-10-16 |
| Kris Solz | Secretary | $0 | 2024-10-16 |
| Sarah Ackerman | Board Member | $0 | 2024-10-16 |
| Laura Purfeerst | Treasurer | $0 | 2023-12-31 |
| Laura Purfeerst- Vice Chair Thru | May '21 ) and Treasurer | $0 | 2021-12-31 |
| ...and 2 more key personnel |
Financials for Nonprofit Insurance Trust
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $17,100,499 | $17,052,812 | 0.3% |
| Investment income and dividends | $685,511 | $414,209 | 65.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $87,834 | $-188,898 | 146.5% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $17,873,844 | $17,278,123 | 3.4% |
Organizations like Nonprofit Insurance Trust
| Organization | Type | Location | Revenue |
|---|
| Nonprofits United Workers Comp Group | 501(c)(3) | Sacramento, CA | $23,518,250 |
| Lions Insurance Company | 501(c)(3) | Indianapolis, IN | $7,201,564 |
| Surplus Lines Stamping Office of Texas (SLSOT) | 501(c)(3) | Pflugerville, TX | $7,873,089 |
| University of South Alabama Professional Liability Trust Fund | 501(c)(3) | Mobile, AL | $9,318,916 |
| College Insurance Company | 501(c)(3) | Colchester, VT | $22,234,767 |
| Portage Bay Insurance | 501(c)(3) | Honolulu, HI | $62,536,564 |
| Academic Partners Insurance Company | 501(c)(3) | Colchester, VT | $15,276,025 |
| Tis | 501(c)(3) | Dulles, VA | $12,586,273 |
| Guthrie Risk Retention Group | 501(c)(3) | Charleston, SC | $9,200,162 |
| Cruden Bay Risk Retention Group | 501(c)(3) | Williston, VT | $6,149,537 |
Data update history
October 16, 2024
Updated personnel
Identified 1 new personnel
November 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 9, 2023
Updated personnel
Identified 3 new personnel
September 13, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizationsCharities
Issues
No issues found
Characteristics
LobbyingState / local levelCommunity engagement / volunteeringTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 21034 Heron Way Ste 107
- Lakeville, MN 55044
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- County
- Dakota County, MN
- Website URL
- nitmn.org/Â
- Phone
- (952) 469-5963
IRS details
- EIN
- 27-1461867
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2009
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- Y20: Insurance Providers, Services
- NAICS code, primary
- 524126: Direct Property and Casualty Insurance Carriers
- Parent/child status
- Independent
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