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Nonprofit Risk Management Center

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

EIN: 521766868 ✦ Leesburg, VA ✦ Designated as a 501(c)(3)

Overview

What is Nonprofit Risk Management Center?

The Nonprofit Risk Management Center is a dedicated advisory service based in Leesburg, Virginia. They primarily assist large and intricate nonprofit organizations, associations, federations, and umbrella groups, empowering their leadership teams to enhance their risk management capabilities. Their services span various aspects, such as conducting risk assessments, reviewing insurance coverage, designing Enterprise Risk Management frameworks, evaluating governance, developing youth protection programs, and delivering customized training programs. The Nonprofit Risk Management Center also creates risk-themed web portals for nonprofit leaders and custom versions of web applications for the members, affiliates, chapters, and customers of extensive organizations. Their mission is to motivate and foster effective risk management and risk champions within the nonprofit sector, offering educational resources, support, training, web applications, and consulting on a comprehensive range of risk concerns.


Official website here: www.nonprofitrisk.org

Is Nonprofit Risk Management Center legitimate?

Nonprofit Risk Management Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nonprofit Risk Management Center 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: $301,556
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,584

For more financial information, click here


Official website here: www.nonprofitrisk.org

What is the mission statement of Nonprofit Risk Management Center?

The Nonprofit Risk Management Center's mission is centered around inspiring effective risk management and fostering risk champions within the nonprofit sector. They achieve this by offering educational resources, member support, training, web applications, and consulting services covering a broad range of risk issues. Their consulting services help strengthen the risk management capabilities of various nonprofit organizations, providing assistance in areas such as risk assessments, insurance coverage reviews, and governance assessments. Additionally, they develop risk-themed web portals and custom web applications for nonprofit leaders and their affiliated groups.


Official website here: www.nonprofitrisk.org

Who is the CEO of Nonprofit Risk Management Center?

Melanie Lockwood Herman is the Executive Director of Nonprofit Risk Management Center.


Official website here: www.nonprofitrisk.org

What is the revenue of Nonprofit Risk Management Center?

Nonprofit Risk Management Center's revenue in 2022 was $1,089,632.


Official website here: www.nonprofitrisk.org

Who are the executives of Nonprofit Risk Management Center and what are their salaries?

The average compensation at Nonprofit Risk Management Center during 2022 was $109,628. There are 5 employees and 11 volunteers at Nonprofit Risk Management Center.

Here are 12 key members and their salaries:

    Melanie Lockwood Herman (Executive Director)
  • Compensation: $269,856
  • Related: $0
  • Other: $31,699

    • Patricia Vaughan (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mary Ann Riesenberg (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kitty Holt (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donna Mcpartland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Budzynski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Doman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Prinz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Schraer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tara Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Connelly Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Kyllo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nonprofitrisk.org

    Where can I find the form 990 for Nonprofit Risk Management Center?

    The Nonprofit Risk Management Center’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nonprofitrisk.org

    Learn more at the official website: www.nonprofitrisk.org

    Mission Statement of Nonprofit Risk Management Center

    The Nonprofit Risk Management Center, abbreviated as NRMC, is committed to fostering proficient risk management and risk champions within the nonprofit sector. To achieve this mission, NRMC offers a variety of resources, including educational materials, member support, training programs, web applications, and consulting services. These tools are designed to address a broad spectrum of risk issues that nonprofit organizations may encounter.

    NRMC's consulting function is particularly noteworthy. It serves as a trusted advisor to a wide array of nonprofit entities, such as large and complex organizations, associations, federations, and umbrella groups. Through consulting engagements, NRMC empowers leadership teams to enhance their risk management capabilities. This may involve conducting risk assessments, reviewing insurance coverage, designing and implementing Enterprise Risk Management frameworks, carrying out governance assessments, developing youth protection programs, and creating custom training programs and materials.

    Moreover, NRMC develops risk-themed web portals for the use of nonprofit leaders. These portals provide easy access to essential risk management information. Additionally, the center creates custom versions of web applications tailored to the needs of members, affiliates, chapters, and customers of large organizations. By offering these comprehensive services, NRMC plays a significant role in promoting effective risk management across the nonprofit sector and empowering risk champions to navigate the challenges they face.

    Impact

    This information is meant to be a general summary of Nonprofit Risk Management Center. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Nonprofit Risk Management Center has a significant impact by inspiring effective risk management and cultivating risk champions across the nonprofit sector. Through its educational resources, member support, training programs, web applications, and consulting services, the center empowers nonprofit organizations to enhance their risk management capabilities. By providing consulting services such as risk assessments, insurance coverage reviews, Enterprise Risk Management framework design, governance assessments, youth protection program development, and customized training programs, the center plays a key role in strengthening the risk management practices of large and complex nonprofit organizations, associations, federations, and umbrella groups. Additionally, the development of risk-themed web portals and custom web applications further contributes to the center's mission of fostering risk-aware and proactive leadership within the nonprofit sector.





    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: $2,768
  • Program Service Revenue: $769,405
  • Gross Receipts: $1,089,632

    • Assets and Liabilities:
  • Total Assets: $1,505,288
  • Total Liabilities: $524,589
  • Net Assets: $980,699
  • Programs

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

    Fees for services

    Revenue

    $553,150

    Affiliate membership

    Revenue

    $112,403

    Product sales/dev

    Revenue

    $52,008

    Program Fees

    Revenue

    $27,951

    Conference fees

    Revenue

    $23,893

    Organization Details

    Founding Year

    1992

    Principal Officer

    Melanie Lockwood Herman

    Main Address

    204 S King Street, Leesburg, VA, 20175

    NTEE Category

    Code: S50 - Community improvement

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