Portage Bay Insurance

Co Uw Compliance & Risk Services

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010717030 ✦ Honolulu, HI ✦ Designated as a 501(c)(3)

Overview

What is Portage Bay Insurance?

Portage Bay Insurance, a wholly-owned subsidiary of the University of Washington, is a nonprofit corporation situated in Honolulu, Hawaii. Established with the primary purpose of providing professional, general, educators legal (including employment practices), and automobile liability insurance coverage to the University of Washington and its affiliates, this organization furthers its tax-exempt mission. By offering insurance services, Portage Bay Insurance ensures the University and its associates are protected from potential risks and liabilities. The costs associated with these insurance coverages support the University of Washington and its affiliates in their operations.


Is Portage Bay Insurance legitimate?

Portage Bay Insurance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portage Bay Insurance submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Portage Bay Insurance?
What is the revenue of Portage Bay Insurance?
Who are the executives of Portage Bay Insurance and what are their salaries?
Where can I find the form 990 for Portage Bay Insurance?

Mission Statement of Portage Bay Insurance

Portage Bay Insurance, a subsidiary of the University of Washington, is organized as a nonprofit corporation with a mission to provide professional, general, educators legal (including employment practices), and automobile liability insurance coverage to the University of Washington and its affiliates. The organization is dedicated to furthering the tax-exempt purpose of supporting the University of Washington by offering essential insurance services.

Portage Bay Insurance specializes in offering various types of insurance coverage to the University of Washington and its affiliated entities. By providing professional insurance coverage, the organization ensures that the university and its partners are safeguarded against potential professional liabilities. General insurance coverage, another crucial offering, protects the university from various risks and uncertainties.

In addition to professional and general insurance, Portage Bay Insurance also extends its services to provide educators legal coverage, including employment practices liability insurance. This coverage is vital in protecting the university and its affiliates from claims related to employment practices and disputes. Moreover, the organization caters to the automobile liability insurance needs of the university and its affiliated entities.

As a wholly-owned subsidiary of the University of Washington, Portage Bay Insurance plays a vital role in supporting the university and its affiliates by managing their insurance risks. The costs associated with providing these insurance coverages contribute to the organization's mission in serving the University of Washington community.

Impact

This information is meant to be a general summary of Portage Bay Insurance. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Portage Bay Insurance's impact lies in providing essential insurance coverage to the University of Washington and its affiliates. By offering professional, general, educators legal, and automobile liability insurance, Portage Bay Insurance helps safeguard the university and its associated entities against potential risks and liabilities. This service plays a crucial role in supporting the operations and activities of the University of Washington, ensuring that they can continue their work with peace of mind.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $43,679,880
  • Gross Receipts: $43,679,880

    • Assets and Liabilities:
  • Total Assets: $192,262,128
  • Total Liabilities: $186,751,673
  • Net Assets: $5,510,455
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PREMIUMS EARNED

    Revenue

    $43,679,880

    Organization Details

    Founding Year

    2002

    Main Address

    733 Bishop Street Suite 1555, Honolulu, HI, 96813

    NTEE Category

    Code: Y20 - Mutual benefit

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