Namic Mutual Insurance Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 103,360 | 50,197 | 53,163 | 14.0 | — |
| 2020 | 170,870 | 142,715 | 28,155 | 7.3 | — |
| 2021 | 196,259 | 122,262 | 73,997 | 15.8 | — |
| 2022 | 106,766 | 1,983 | 104,783 | 1606.3 | — |
| 2023 | 388,540 | 156,952 | 231,588 | 38.0 | 0% |
In its most recent public year (2023), this organization brought in $231,588 more than it spent. Its reserves stood at about 38 months of spending, up from 14 in 2019. Staff pay was 0% of spending. $297,108 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Namic Mutual Insurance Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works