Nonprofits Insurance Alliance of California (Niac)
Nonprofits Insurance Alliance of California (Niac)
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About this organization
Mission
Nonprofits' Insurance Alliance of California (NIAC) was founded in 1989 because many nonprofits California were unable to find affordable liability insurance for their operations. NIAC is governed by the nonprofits it insures and exists solely to serve them. In 2004, NIAC received an A (Excellent) financial rating from A.M. Best. In addition to providing reasonably priced insurance coverage and claims service that is sensitive to needs of nonprofits and their clients, it is our goal to reduce accidents and claims against nonprofits. Consequently we have a broad variety of education and loss control resources free to our member-insureds.
About
Provided 9,933 501(c)(3) organizations with a stable source of reasonably priced liability insurance tailored to the specialized needs of the nonprofit sector.
Interesting data from their 2020 990 filing
In the filing, the mission of the non-profit is noted as “Nonprofits insurance alliance of california (niac) is a charitable risk pool whose purpose is to provide affordable, appropriate, stable, and specialized insurance coverages to other 501(c)(3) nonprofit organizations in california and to develop and deliver training and products to assist these organizations to provide their services effectively and efficiently while minimizing the frequency and severity of accidents and injury to others during the delivery of their services to our communities.”.
When referring to its responsibilities, they were outlined as: “Charitable risk pool for california nonprofit organizations.”.
- The state in which the non-profit is legally registered to operate is CA, as per legal records.
- The filing documents the non-profit's address in 2020 as 333 FRONT STREET SUITE 200, SANTA CRUZ, CA, 95060.
- According to the non-profit's form, they have 0 employees on their payroll as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $8,582,414.
- The organization has 12 independent voting members.
- The organization was formed in 1988.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
Additional Non-Profits in the area
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