The exempt purpose of the foundation is to award scholarships to students enrolled in risk management and insurance programs at colleges and universities in the United States.
NAMIC MUTUAL INSURANCE FOUNDATION is a based in INDIANAPOLIS, IN, focused on Educational Institutions and Related Activities causes , specifically Scholarships, Student Financial Aid Services, Awards. Established in February 2018, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $498,074.00, this ranks 292,975 among 2,656,690 nonprofits nationally (Top 12%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 5,983 out of 59,590 organizations in IN (Top 11%).
In marion county, IN, the organization ranks 1,381 out of 11,439 nonprofits by assets (Top 13%), while locally in indianapolis, it stands at 1,385 among 11,342 organizations (Top 13%).
The organization reported annual revenue of $388,540.00, ranking 208,823 nationally (Top 8%) and 4,368 in IN (Top 8%).
Within its specific NTEE classification (B82 - B: Educational Institutions and Related Activities), which includes 31,922 similar organizations, NAMIC MUTUAL INSURANCE FOUNDATION ranks 2,889 in assets (Top 10%) and 937 in revenue (Top 3%).
The organization files a 990 (all other) or 990EZ return and operates on a March fiscal year.
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