EIN 23-7240485

University Risk Management & Insurance Association (URMIA)

IRS 501(c) type
501(c)(6)
Num. employees
11
State
Year formed
1974
Most recent tax filings
2022-12-01
Description
To promote the advancement and application of effective risk management principles and practices in institutions of higher education. URMIA's programs support that mission, as do those who work for or on URMIA's behalf.
Also known as...
University Risk Management and Insurance Association; University Risk MGT and Ins Association
Total revenues
$1,983,190
2022
Total expenses
$1,759,435
2022
Total assets
$3,731,941
2022
Num. employees
11
2022

Program areas at URMIA

URMIAs business model reverted back to pre-pandemic style of delivery and we held in person events in 2022. We partnered with other associations to share hotel space and contracts. We also continued to offer many virtual programs, our webinars in 2022 included our Best of Annual Conference webinar series that continues to be popular. 70 of those registered are attending live. We upgraded our technology and are using a new library interface. This helped us display recorded events better and having members access them in higher numbers. Library views and recordings continue to show that webinar recordings are a valuable resource. We also continue our podcast URMIAmatters Season 3, weve added self-produced, zero additional cost, dynamic content around our main episodes as promotion for conferences. URMIA hosted five regional conferences in 2022 in the spring. Locations included Atlanta, Chicago, Raleigh, Boston and Denver.
To provide a forum for the exchange of information between college and university risk managers to encourage the use of common concepts and practices in the organization and implementation of a risk management program to provide opportunities for familiarizing college and university risk and insurance managers with current developments in related industries to develop and maintain interest on a nationwide basis in continuous improvement of the principles and practices of risk management, insurance and corporate loss control in higher education, and to foster and maintain the pursuit of these functions as a profession with professional ideals and standards.
Highlights from the 53rd Annual Conference included general sessions on perseverance by Sheldon Yellen, CEO of BELFOR, Title IX 50th Anniversary, Presidents Panel, and URMIAs Leadership Transition. Many attendees report the most valuable part is meeting other risk management professionals. A conference scholarship recipient shared... the annual conference was incredibly valuable on many fronts, but the most impactful for them was the feeling of becoming a part of the URMIA community. It was a conference unlike any Ive ever been to before. Everyone was so friendly, engaging, and approachable. It made it easy to feel like yourre really a part of something larger than yourself or your institution, and that you arent alone in your struggles or the situations you face in university risk management. This experience gave me more confidence in my new role as a solo risk manager.

Who funds University Risk Management & Insurance Association (URMIA)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Spencer Educational FoundationGeneral Grant$10,000

Personnel at URMIA

NameTitleCompensation
Jenny WhittingtonExecutive Director
Teresa RansdellDirector of Membership and Marketing
Ronna PapeshDirector of Information Technology
Arm Lou DrapeauSenior Director of Events
Susan Liden, DRMEducation Manager
...and 13 more key personnel

Financials for URMIA

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$1,865,436
Investment income and dividends$117,754
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,983,190

Form 990s for URMIA

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-04990View PDF
2020-122021-11-02990View PDF
2019-122021-06-24990View PDF
2018-122020-01-04990View PDF
...and 9 more Form 990s
Data update history
January 6, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 5, 2024
Updated personnel
Identified 1 new personnel
August 21, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from Spencer Educational Foundation
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Professional associationsBusiness and community development organizationsSchools
Issues
EducationCommunity improvementBusiness and industry
Characteristics
MembershipsCommunity engagement / volunteeringProvides scholarships
General information
Address
400 W 7th St Ste 301
Bloomington, IN 47404
Metro area
Bloomington, IN
Website URL
urmia.org/home 
Phone
(812) 855-6683
Facebook page
university-risk-management-and-insurance-association 
Twitter profile
@urmianetwork 
IRS details
EIN
23-7240485
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1974
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
B03: Education Professional Societies and Associations
NAICS code, primary
813920: Professional Associations
Parent/child status
Independent
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