THE NAMIC MUTUAL INSURANCE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITH THE PRIMARY FOCUS TO HELP FOSTER THE CONTINUED GROWTH OF A STRONG AND INVIGORATED MUTUAL INSURANCE INDUSTRY.
Executive compensation
Form 990 · Schedule J · 2 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Education organizations in Indiana.
| Position | Total |
|---|---|
Director Board Member 75th to 90th percentile | $60k $66k |
Executive Di 10th to 25th percentile | $41k $46k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 8 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at NAMIC MUTUAL INSURANCE FOUNDATION equaled 36% of the organization's total expenses. The median for education organizations is 6%.
Based on 24,392 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 2%
from 2022
From $58k in 2022 to $60k in 2023.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Board Member pay rose 2% from 2022 to 2023, while revenue fell 66%.
- Chief Executive Officer pay rose 6% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about NAMIC MUTUAL INSURANCE FOUNDATION
What does the Board Member of NAMIC MUTUAL INSURANCE FOUNDATION earn?
In 2023, the Board Member of NAMIC MUTUAL INSURANCE FOUNDATION received $59,725 in total compensation. This pay is in the top quarter for Board Member roles among Education organizations in Indiana, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Board Member pay at NAMIC MUTUAL INSURANCE FOUNDATION compare with similar nonprofits?
Compared with the same role at Education organizations in Indiana, the 2023 pay of the Board Member at NAMIC MUTUAL INSURANCE FOUNDATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at NAMIC MUTUAL INSURANCE FOUNDATION equaled 36% of the organization's total expenses. The median for education organizations is 6%.
What are NAMIC MUTUAL INSURANCE FOUNDATION's revenue and expenses?
In 2023, NAMIC MUTUAL INSURANCE FOUNDATION reported $131k in total revenue and $166k in total expenses on its IRS Form 990.
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