National Crop Insurance Services Inc

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

EIN: 481066701 ✦ Overland park, KS ✦ Designated as a 501(c)(6)

Overview

What is National Crop Insurance Services Inc?

National Crop Insurance Services Inc is a non-profit corporation based in Overland Park, Kansas, with a workforce of 47 employees. They provide essential information services to member companies, offering risk management solutions for farmers and individuals vulnerable to weather perils. Their core mission involves collecting, processing, and analyzing statistics from 14 member groups writing crop-hail insurance in 50 states and Multi-Peril Crop Insurance (MPCI). By delivering accurate and relevant data, National Crop Insurance Services empowers its members to effectively manage crop risks.


Official website here: www.ag-risk.org

Is National Crop Insurance Services Inc legitimate?

National Crop Insurance Services Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Crop Insurance Services Inc 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $732,790
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,137,781

For more financial information, click here


Official website here: www.ag-risk.org

What is the mission statement of National Crop Insurance Services Inc?

National Crop Insurance Services Inc is a non-profit corporation dedicated to delivering information services and products to member companies, enabling them to offer risk management solutions for crop growers and individuals exposed to weather perils. The corporation's primary focus is on accumulating, tabulating, and analyzing relevant statistics to support these risk management efforts. By pooling data from 14 member groups writing crop-hail insurance in 50 states and Multi-Peril Crop Insurance (MPCI), National Crop Insurance Services Inc facilitates effective risk assessment and risk mitigation strategies for its members.


Official website here: www.ag-risk.org

Who is the CEO of National Crop Insurance Services Inc?

Thomas P Zacharias is the President of National Crop Insurance Services Inc.


Official website here: www.ag-risk.org

What is the revenue of National Crop Insurance Services Inc?

National Crop Insurance Services Inc's revenue in 2022 was $12,641,887.


Official website here: www.ag-risk.org

Who are the executives of National Crop Insurance Services Inc and what are their salaries?

The average compensation at National Crop Insurance Services Inc during 2022 was $124,906. There are 47 employees and 12 volunteers at National Crop Insurance Services Inc.

Here are 19 key members and their salaries:

    Thomas Zacharias (President) [Trustee/Director]
  • Compensation: $414,553
  • Related: $0
  • Other: $51,407

    • Sherri Scharff (Executive Vp Of Member Services And Chief Of Staff)
  • Compensation: $296,736
  • Related: $0
  • Other: $30,094

    • Jay South (Chief Actuary)
  • Compensation: $290,615
  • Related: $0
  • Other: $33,214

    • Troy Brady (Sr. Vp Program Analysis & Support)
  • Compensation: $209,830
  • Related: $0
  • Other: $38,577

    • Scott Ogilvie (It Director)
  • Compensation: $195,596
  • Related: $0
  • Other: $37,441

    • Kenneth Dean Strasser (Sr. Vp Program Analysis & Research)
  • Compensation: $207,134
  • Related: $0
  • Other: $24,694

    • Therese Stom (Vp Crop Hail Actuarial & Statistical Analysis)
  • Compensation: $186,076
  • Related: $0
  • Other: $36,377

    • Kendall Jones (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Arnold (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andy Caruso (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Day (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Haney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Korin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Meador (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dale Perry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jordan Roach (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Rutledge (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy B Weber (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ag-risk.org

    Where can I find the form 990 for National Crop Insurance Services Inc?

    The National Crop Insurance Services Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ag-risk.org

    Learn more at the official website: www.ag-risk.org

    Mission Statement of National Crop Insurance Services Inc

    National Crop Insurance Services Inc, a non-profit corporation, is dedicated to delivering essential information services and products to its member companies. This mission is geared towards providing risk management for those involved in growing crops or facing exposure to weather perils. By accumulating, tabulating, and analyzing relevant statistics, NCIS ensures that its members are well-equipped to mitigate risks and offer crop insurance to their clients.

    The core function of National Crop Insurance Services Inc is the collection and processing of statistics from 14 member groups writing crop-hail insurance across 50 states and Multi-Peril Crop Insurance (MPCI). These statistics are crucial for risk assessment, pricing, and underwriting crop insurance policies. With this wealth of data, NCIS empowers its member companies to offer accurate and comprehensive crop insurance solutions to farmers, protecting them against potential losses due to weather perils.

    By providing valuable information services, National Crop Insurance Services Inc plays a vital role in the agricultural industry. Through its data-driven approach, the organization enables its members to effectively assess risks, manage claims, and offer competitive pricing for crop insurance. This, in turn, ensures that farmers are protected from potential losses and can continue to grow their crops with confidence.

    Impact

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




    Thursday, August 15, 2024

    National Crop Insurance Services Inc plays a crucial role in the agricultural industry by providing information services to its members to help them manage risks associated with crop production and weather-related perils. By collecting and analyzing data from its member groups involved in crop insurance across the United States, NCIS contributes to the development of effective risk management strategies for those involved in crop production. This ultimately helps farmers and agricultural businesses safeguard their livelihoods against uncertainties in the market and adverse weather conditions.





    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: $414,211
  • Program Service Revenue: $11,866,898
  • Gross Receipts: $14,625,779

    • Assets and Liabilities:
  • Total Assets: $16,678,422
  • Total Liabilities: $5,040,606
  • Net Assets: $11,637,816
  • Programs

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

    GENERAL & SPECIAL ASSESSMENTS

    Revenue

    $5,004,031

    CROP-HAIL ASSESSMENTS

    Revenue

    $2,372,840

    MPCI ASSESSMENTS

    Revenue

    $2,306,959

    LOSS ADJUSTMENT

    Revenue

    $1,718,147

    OTHER PROGRAM SERVICE REVENUE

    Revenue

    $464,921

    Organization Details

    Founding Year

    1989

    Principal Officer

    Thomas P Zacharias

    Main Address

    8900 INDIAN CREEK PARKWAY 600, OVERLAND PARK, KS, 662101507

    If you are a representative of National Crop Insurance Services Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.