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Academic Partners Insurance Company

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

EIN: 204687937 ✦ Colchester, VT ✦ Designated as a 501(c)(3)

Overview

What is Academic Partners Insurance Company?

Academic Partners Insurance Company is a nonprofit organization based in Colchester, Vermont, specifically located at 463 Mountain View Drive 301, with a ZIP code of 05446. The company's primary mission is to support the University of Oklahoma and its affiliated entities by providing professional, general, and other insurance coverages. This organization, which operates exclusively for this purpose, is instrumental in helping the university and hospital system manage their insurance costs. The University of Oklahoma is a leading higher education institution in the state, renowned for its academic, educational, research, clinical care, and indigent care missions. Academic Partners Insurance Company's insurance coverage extends to 1040 faculty physicians, 770 resident physicians, 1196 mid-levels, 934 students, and a large academic hospital system. The costs associated with these insurance coverages align with the organization's tax-exempt purpose of advancing the University of Oklahoma's academic and educational endeavors.


Is Academic Partners Insurance Company legitimate?

Academic Partners Insurance Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academic Partners Insurance Company 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 Academic Partners Insurance Company?
What is the revenue of Academic Partners Insurance Company?
Who are the executives of Academic Partners Insurance Company and what are their salaries?
Where can I find the form 990 for Academic Partners Insurance Company?

Mission Statement of Academic Partners Insurance Company

Academic Partners Insurance Company, a unique organization, is dedicated to exclusively supporting the University of Oklahoma and its affiliated entities. Its primary objective is to further the academic, educational, research, clinical care, and indigent care missions of the University and its affiliates.

To accomplish this, Academic Partners Insurance Company offers professional, general, and other insurance coverage and related services. By doing so, it ensures the protection and wellbeing of the University and its affiliated entities as they pursue their important goals.

The commitment of Academic Partners Insurance Company to its mission is unwavering. It is an essential partner in the University of Oklahoma's community, providing vital resources that enable the institution to thrive and grow. Through its specialized insurance services, the company contributes significantly to the University's ability to manage risks and maintain its operational excellence. In turn, the University can continue to provide a top-tier educational experience and conduct groundbreaking research for the benefit of its students and the wider community.

Impact

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




Thursday, August 15, 2024

Academic Partners Insurance Company supports the University of Oklahoma and its affiliated entities by providing essential coverage to medical professionals, hospital entities, and academic systems associated with the university. The insurance policies offered by Academic Partners Insurance Company play a crucial role in stabilizing insurance costs for the university and hospital system. By offering liability coverage to a significant number of faculty physicians, resident physicians, mid-levels, students, and a large academic hospital system, Academic Partners Insurance Company contributes to the overall operational stability and risk management of these entities. In doing so, the company aids in furthering the tax-exempt purpose of supporting the University of Oklahoma's academic, research, clinical care, and indigent care missions.





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: $349,636
  • Program Service Revenue: $17,158,184
  • Gross Receipts: $65,652,944

    • Assets and Liabilities:
  • Total Assets: $67,974,959
  • Total Liabilities: $49,628,666
  • Net Assets: $18,346,293
  • Programs

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

    PREMIUMS EARNED

    Revenue

    $17,158,184

    Organization Details

    Founding Year

    2006

    Main Address

    463 Mountain View Drive 301, Colchester, VT, 05446

    NTEE Category

    Code: E02 - Health

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