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EIN 13-0594020

New York Compensation Insurance Rating Board (NYCIRB)

IRS 501(c) type
501(c)(6)
Num. employees
97
City
New York
State
New York
Year formed
1914
Most recent tax filings
2023-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
NYCIRB is a non-profit, unincorporated association of insurance carriers, including the State Insurance Fund. In conjunction with the New York Workers' Compensation Law.
Total revenues
$23,501,640
2023
Total expenses
$23,221,989
2023
Total assets
$53,105,680
2023
Num. employees
97
2023

Program areas at NYCIRB

To collect loss, premium and payroll data from carriers, summarize and analyze the data, and develop an adequate pricing structure for workers Compensation Insurance carriers in New York state for submission to the New York state department of financial services. The Rating Board also conducts actuarial research for the benefit of the New York state workers' Compensation marketplace and stakeholders.

Financials for NYCIRB

RevenuesFYE 12/2023
Total grants, contributions, etc.$309,000
Program services$22,778,518
Investment income and dividends$375,459
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$38,663
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$23,501,640
Data update history
January 10, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 7, 2025
Updated personnel
Identified 1 new personnel
January 4, 2025
Used new vendors
Identified 3 new vendors, including , , and
December 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizations
Issues
HealthDiseases and disorders
Characteristics
State / local level
General information
Address
875 Third Ave 8th Floor
New York, NY 10022
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
nycirb.org/home/#/ 
Phone
(212) 697-3535
IRS details
EIN
13-0594020
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1914
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Independent
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