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American Institute for Chartered Property Casualty Underwriters
American Institute for Chartered Property Casualty Underwriters reported $102.9 million in revenue and $86.0 million in expenses for calendar year 2024. Of every $100 it spent, $80.24 went to program services, $19.76 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 35.2% of the total. The highest compensation it reported for one person was $3,209,292 (PRESIDENT/CEO). 112 people received more than $100,000 in reportable compensation. Revenue rose 32% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $86MFor context, the median across 41 covered mutual & membership benefit charities: $96.16 programs, $3.84 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $103MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.2% | 95.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.8% | 3.8% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | — |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.4% | 0.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 35.2% | 79.8% |
| Highest reported compensation Part VII-A, columns D–F | $3,209,292 | $654,166 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.73% | 1.64% |
| People paid over $100,000 Part VII, line 2 | 112 | 0 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 42.4 | 22.6 |
| Independent voting board members Part VI 1a–1b | 47 of 48 | 92.3% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseDeveloped, delivered, and produced educational offerings including courses, study materials, webinars continuing education, executive education, and other knowledge offerings related to risk management and insurance
Provided financial aid, scholarships, information, education, internships, and other opportunities to college students interested in risk management and insurance
Publish research reports on key issues regarding risk management
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Director/trustee, officer, 45.0 hrs/week | $2,965,200 | $0 | $244,092 | $3,209,292 |
| EXEC. VP & HEAD OF BUS. UNITS Officer, 45.0 hrs/week | $1,005,941 | $0 | $64,978 | $1,070,919 |
| CEO TRIPLE I Highest compensated employee, 0.0 hrs/week | $810,163 | $0 | $62,325 | $872,488 |
| PRESIDENT OF RISK & INSURANCE Highest compensated employee, 0.0 hrs/week | $676,159 | $0 | $56,820 | $732,979 |
| SVP AND CIO Key employee, 45.0 hrs/week | $534,329 | $0 | $71,524 | $605,853 |
| TREASURER Officer, 45.0 hrs/week | $533,367 | $0 | $69,178 | $602,545 |
| PRESIDENT OF CPCU SOCIETY Highest compensated employee, 0.0 hrs/week | $415,255 | $0 | $56,602 | $471,857 |
| PRESIDENT OF CRC Highest compensated employee, 0.0 hrs/week | $391,484 | $0 | $61,519 | $453,003 |
112 people received more than $100,000 in reportable compensation from American Institute for Chartered Property Casualty Underwriters (Part VII, line 2). Compensation of current officers, directors and key employees totaled $5.6M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b48 · 47 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5306
Private foundation grants it received
1 private foundation reported grants to American Institute for Chartered Property Casualty Underwriters totaling $15,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from American Institute for Chartered Property Casualty Underwriters's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for American Institute for Chartered Property Casualty Underwriters, you can publish a response that is linked from this page.
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Of every $100 American Institute for Chartered Property Casualty Underwriters spent in 2024, $80.24 went to programs. The full breakdown, from its IRS Form 990:
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All mutual & membership benefit charities · Largest charities in Pennsylvania
Questions people ask
How much of American Institute for Chartered Property Casualty Underwriters's spending goes to programs?
In calendar year 2024, American Institute for Chartered Property Casualty Underwriters reported that 80.2% of its $86.0 million in expenses went to program services, 19.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does American Institute for Chartered Property Casualty Underwriters pay its top executive?
The largest total compensation American Institute for Chartered Property Casualty Underwriters reported for one person in calendar year 2024 was $3,209,292, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does American Institute for Chartered Property Casualty Underwriters get its money?
Of $102.9 million in revenue in calendar year 2024, 1.4% came from contributions and grants and 35.2% from program service revenue (Form 990, Part VIII).
Is American Institute for Chartered Property Casualty Underwriters a registered charity?
The IRS lists EIN 23-1352012 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543179349312314 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413139349304201 · read the filing
- 2022: Form 990 for calendar year 2022, object 202312779349301101 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242729349300039 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103199349304875 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023189349307547 · read the filing
All filings for EIN 23-1352012: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.