EIN 23-7240485

University Risk Management & Insurance Association (URMIA)

IRS 501(c) type
501(c)(6)
Num. employees
15
State
Year formed
1974
Most recent tax filings
2023-12-01
Description
To promote the advancement and application of effective risk management principles and practices in institutions of higher education. URMIA's programs support that mission, as do those who work for or on URMIA's behalf.
Also known as...
University Risk Management and Insurance Association; University Risk MGT and Ins Association
Total revenues
$2,386,068
2023
Total expenses
$2,174,436
2023
Total assets
$4,127,221
2023
Num. employees
15
2023

Program areas at URMIA

Annual conference: urmia held its 54th annual conference in baltimore, Maryland. The urmia annual conference is the industry's premier face-to-face and virtual educational and networking forum for Risk managers and companies whose focus is higher education. It provides higher education Risk Management and Insurance professionals with a variety of job-specific benefits and a high return on investment. The general sessions included: "the state of cyber", "why sustainability matters", "leadership in troubling times- and a "University leadership panel". The conference featured over 50 breakout sessions, a robust pre-conference lineup including a foundations session targeted to attendees who are newer to higher education Risk Management and a review session for the arm 401 credential. Social events included our presidents reception to welcome new attendees, a charity regatta, golf outing, and many other community service opportunities through urmiacares, our opening reception and our closing event was held at the national aquarium. The conference had a total of 977 attendees including a majority of institutional members and nonmembers, affiliate members and non-members and retirees and guests.
To provide a forum for the exchange of information between college and University Risk managers; to encourage the use of common concepts and practices in the organization and implementation of a Risk Management program; to provide opportunities for familiarizing college and University Risk and Insurance managers with current developments in related industries; to develop and maintain interest on a nationwide basis in continuous improvement of the principles and practices of Risk Management, Insurance and corporate loss control in higher education, and to foster and maintain the pursuit of these functions as a profession with professional ideals and standards
Regional/other education urmia continued to offer in-person regionally-based conferences in the spring of 2023. Locations included orlando, anaheim, and boston. Combined we educated 300 persons at these events. These one- and two-day conferences provide targeted educational sessions as well as professional networking opportunities closer to home. We also continued to offer many virtual programs. Our webinars in 2023 included our best of annual conference webinar series that continues to be popular. Also, our regularly scheduled compliance community meetings as well as our erm roundtable meetings keep many members engaged and focused. New meetings for the professionals of color community, water cooler discussions and urmia colleague connections for member orientation further ensure members are connected to each other. In total, we have had over 3,000 log into these programs. We also continue our podcast urmiamatters season 3, we've added self-produced, zero additional cost, dynamic content around our main episodes as promotion for conferences. We've had a total of 13,354 listens of 105 total episodes including 42 with Risk Management topics and 62 with Association news. Our number one episode is the welcome, launched 11/12/19 with 273 listens. Tips to ease the property renewal process has become the number one rm topic podcast with 245 listens. Near the top is still season 1, ep 19: compliance Risk (231 listens), and season 1, ep 28: title ix review with 232 listens.

Who funds University Risk Management & Insurance Association (URMIA)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Spencer Educational FoundationGeneral Grant$10,000

Personnel at URMIA

NameTitleCompensation
Jenny WhittingtonExecutive Director
Teresa RansdellDirector of Membership and Marketing
Ronna PapeshDirector of Information Technology
Arm Lou DrapeauSenior Director of Events
Michelle J. SmithStaff Liaison
...and 15 more key personnel

Financials for URMIA

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$2,147,303
Investment income and dividends$147,499
Tax-exempt bond proceeds$0
Royalty revenue$60,798
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$30,468
Total revenues$2,386,068

Form 990s for URMIA

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-03990View PDF
2022-122023-11-14990View PDF
2021-122022-11-04990View PDF
2020-122021-11-02990View PDF
2019-122021-06-24990View PDF
...and 10 more Form 990s
Data update history
October 24, 2024
Used new vendors
Identified 1 new vendor, including
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from Spencer Educational Foundation
January 6, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 5, 2024
Updated personnel
Identified 1 new personnel
August 21, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from Spencer Educational Foundation
Nonprofit Types
Professional associationsBusiness and community development organizationsSchools
Issues
EducationCommunity improvementBusiness and industry
Characteristics
Community engagement / volunteering
General information
Address
PO Box 1027
Bloomington, IN 47402
Metro area
Bloomington, IN
County
Monroe County, IN
Website URL
urmia.org/home 
Phone
(812) 855-6683
Facebook page
university-risk-management-and-insurance-association 
Twitter profile
@urmianetwork 
IRS details
EIN
23-7240485
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1974
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
B03: Education Professional Societies and Associations
NAICS code, primary
813920: Professional Associations
Parent/child status
Independent
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