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Filing year 2023

ALBEDO INSURANCE COMPANY IC

Los Angeles, California·EIN 85-1454978·501(c)(3)
Total revenue
$55.6M
Total assets
$152M
Total expenses
$43M
Reported officers
10

Executive compensation

Form 990 · Part VII & Schedule J · 10 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Director
Board Member
Above 90th percentile
$295k
$326k
Director
Board Member
Above 90th percentile
$239k
$264k
Treasurer(until 4/22/24)/dir.
Board Treasurer
Above 90th percentile
$146k
$162k
Director (as of 6/28/24)
Board Member
Above 90th percentile
$145k
$161k
Director (until 6/28/24)
Board Member
75th to 90th percentile
$85k
$94k
Secretary
Secretary (Operational)
75th to 90th percentile
$74k
$82k
President/director
25th percentile to median
$64k
$70k
Treasurer (as of 4/22/24)
25th percentile to median
$62k
$69k
Director (as of 6/28/2024)
Board Member
75th to 90th percentile
$59k
$66k
Fin/data Analytics Manager
Highest Compensated Employee
Below 10th percentile
$43k
$47k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 48%
from 2022

From $571k in 2022 to $295k in 2023.

$571k
2022
$295k
2023
In today's dollarsEst.
Down 50% in real terms$653k to $326k

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay fell 48% from 2022 to 2023, while revenue rose 30%.

$571k in 2022 to $295k in 2023.
  • Secretary (Operational) pay rose 91% from 2022 to 2023.
  • Chief Executive Officer pay rose 8% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

ALBEDO INSURANCE COMPANY IC reported revenue and expenses across 2 filing years.

RevenueExpenses
$42.9M
$33.1M
2022
$55.6M
$43M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ALBEDO INSURANCE COMPANY IC

What does the Board Member of ALBEDO INSURANCE COMPANY IC earn?

In 2023, the Board Member of ALBEDO INSURANCE COMPANY IC received $294,862 in total compensation. This pay is in the top 10% for Board Member roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at ALBEDO INSURANCE COMPANY IC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at ALBEDO INSURANCE COMPANY IC falls in the top 10%.

What are ALBEDO INSURANCE COMPANY IC's revenue and expenses?

In 2023, ALBEDO INSURANCE COMPANY IC reported $55.6M in total revenue and $43M in total expenses on its IRS Form 990.

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