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EIN 56-1619182

Risk Acceptance Management Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Winstonsalem
State
North Carolina
Year formed
1988
Most recent tax filings
2022-01-01
NTEE code, primary
Y20: Insurance Providers, Services
Notice
This nonprofit is terminated or no longer active
Risk Acceptance Management Corporation may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
Risk Acceptance Management Corporation is a not-for-profit organization established to administer the city of winston-salem's liability Risk Management program. In exchange, the city agrees to make an annual payment if insufficient for administration of the program.
Related structure
Risk Acceptance Management Corporation is a subordinate organization under North Carolina Municipal Leasing Corporation.
Total revenues
$4,248,054
2022
Total expenses
$44,431,951
2022
Total assets
$0
2022
Num. employees
0
2022

Program areas at Risk Acceptance Management Corporation

Risk Acceptance Management Corporation provides certain insurance related services and administers claims and reserve funding on behalf of the city of winston-salem, north carolina.
Risk Acceptance Management Corporation transferred all of its net assets to the city of winston-salem, north carolina and dissolved effective january 5, 2022.

Grants made by Risk Acceptance Management Corporation

GranteeGrant descriptionAmount
Twin-City Outreach of Winston SalemGeneral Support$43,598,956

Personnel at Risk Acceptance Management Corporation

NameTitleCompensation
Lisa M SaundersPresident and Director$0
William B RoweVice - President and Director$0
Gregory M TurnerSecretary and Treasurer$0

Financials for Risk Acceptance Management Corporation

RevenuesFYE 06/2022
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$534,051
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$3,714,003
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,248,054

Form 990s for Risk Acceptance Management Corporation

Fiscal year endingDate received by IRSFormPDF link
2021-062022-04-22990View PDF
2020-062021-06-14990View PDF
2019-062021-01-21990View PDF
2018-062019-07-23990View PDF
2017-062018-06-14990View PDF
...and 7 more Form 990s
Data update history
May 10, 2023
Updated personnel
Identified 1 new personnel
April 9, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizationsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelManagement and technical assistanceNo full-time employeesTerminated
General information
Address
100 East First St No 580
Winstonsalem, NC 27101
Metro area
Winston-Salem, NC
Phone
(336) 747-6920
IRS details
EIN
56-1619182
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1988
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
Subordinate organization
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