EIN 43-1601552

Wsia Education FOUNDATION

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1991
Most recent tax filings
2023-12-01
Description
The Wsia Education FOUNDATION sponsors 5 college extreme risk takers symposiums annually across various locations. It serves as a sustaining partner for the gamma iota sigma, an international risk management insurance and actuarial science collegi. The organization underwrites research and publishes the annual review on the surplus lines industry, which has become the most frequently cited source on the subject.
Related structure
Wsia Education FOUNDATION is a subordinate organization under Wholesale and Specialty Insurance Association (AAMGA).
Also known as...
Derek Hughes Napslo Educational Foundation
Total revenues
$1,395,416
2023
Total expenses
$930,928
2023
Total assets
$14,549,895
2023
Num. employees
0
2023

Program areas at Wsia Education FOUNDATION

Education and technical training programs: the organization supports the associate in surplus lines (asli) designation program that was developed in conjunction with the institutes and provides a professional designation for insurance professionals in the wholesale, specialty, and surplus lines industry. Additionally, the organization supports the underwriting boot camp and Wsia university Education programs that provide Wsia members an opportunity to continue their Education and expand their knowledge of the wholesale, specialty and surplus lines market.
Scholarships: the organization provides scholarships for college and university students to encourage, support and reward exceptional students who are studying risk management and insurance and express an interest in the surplus lines industry.
Symposiums: the organization sponsors four (4) college extreme risk takers symposiums each year at various geographical locations. The organization is also a sustaining partner for the gamma iota sigma, an international risk management insurance and actuarial science collegiate fraternity, that serves over 4,000 student members and faculty from 76 chapters by providing professional development and educational opportunities. The organization pledged $1 million to the Wsia diversity Foundation, the charitable Foundation for the wholesale, specialty, and surplus lines industry whose sole purpose is to promote diversity in the areas of race, gender, sexual orientation, disability, etc., attract diverse talent, and influence meaningful progress in the diversity of the Wsia membership and its talent pipeline.
Solvency study: the organization underwrites the research and publication of the annual review on the surplus lines industry. The first edition was released in the fall of 1994 and a new edition is released each year. This publication has become the most quoted source on surplus lines insurance and provides a great deal of positive insightful information about this segment of the insurance industry. In addition, the organization provides a grant for the annual am best webinar that is conducted each fall which includes a panel of industry leaders in the surplus lines sector of the u.s. insurance market. The panel reviews the market and provides a highlight of the newest edition of the report.

Grants made by Wsia Education FOUNDATION

GranteeGrant descriptionAmount
Gamma Iota SigmaSustaining Partnership Support$90,000
Spencer Educational FoundationEducation of Tomorrow's Risk Management and Insurance Leaders$12,500

Who funds Wsia Education FOUNDATION

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Surplus Line Association of Arizona Foundation TrustGeneral & Unrestricted$375,000
Surplus Lines Association of MN$30,000
The Surplus Lines Association of North CarolinaProgram and Scholarship Support$25,000
...and 3 more grants received

Personnel at Wsia Education FOUNDATION

NameTitleCompensation
Brady R KelleyExecutive Director$0
Danielle WadeVice President$0
Matt LynchTreasurer$0
Nick AbrahamPresident$0
David NelsonSecretary$0
...and 4 more key personnel

Financials for Wsia Education FOUNDATION

RevenuesFYE 12/2023
Total grants, contributions, etc.$562,209
Program services$207,585
Investment income and dividends$507,217
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$156,509
Net income from fundraising events$-38,104
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,395,416

Form 990s for Wsia Education FOUNDATION

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-14990View PDF
2022-122023-08-30990View PDF
2021-122022-09-07990View PDF
2020-122021-07-20990View PDF
2019-122020-08-27990View PDF
...and 11 more Form 990s
Data update history
August 16, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 11, 2024
Updated personnel
Identified 3 new personnel
July 14, 2024
Received grants
Identified 3 new grant, including a grant for $30,000 from Surplus Lines Association of MN
November 13, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 9, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Grantmaking organizationsChapter / child organizationsCharities
Issues
No issues found
Characteristics
Funds one specific organizationProvides grantsFundraising eventsOperates internationallyEndowed supportProvides scholarshipsFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
4131 N Mulberry Dr 200
Kansas City, MO 64116
Metro area
Kansas City, MO-KS
County
Clay County, MO
Website URL
wsia.org// 
Phone
(816) 741-3910
IRS details
EIN
43-1601552
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T11: Philanthropy, Voluntarism and Grantmaking Foundations Single Organization Support
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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