Insurance Library Association
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE LIBRARY'S MISSION IS TO PROVIDE MEMBERS OF THE INSURANCE, FINANCIAL SECURITY, RISK MANAGEMENT, AND LEGAL COMMUNITIES, AND THE PUBLIC, WITH HIGH-QUALITY EDUCATIONAL PROGRAMMING, OPPORTUNITIES FOR ENGAGEMENT AND NETWORKING, AND UNIQUE RESEARCH RESOURCES AND SERVICES.
- Income
- $787,489
- Spending
- $701,827
- Spent on programs
- 54%
- Reserves
- 5.5 months of spending
- Largest source of income
- donations and private grants, 48%
- Employees
- 3
- Volunteers
- 0
- Highest pay
- $219,669, executive director and corporation clerk
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 78 out of 100.
Reserves
20 of 35Spendable reserves would cover 5.5 months of spending.
Debt
20 of 20It owes 4% of what it owns.
Living within its means
15 of 15Income exceeded spending by 11% of income.
Income trend
15 of 15Income rose 22% on the year before.
Spending floor
8 of 1554% of spending went to programs and raising each dollar of donations cost 34 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 85 out of 100.
Independent board
25 of 2518 of 18 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $134,002 spent. THE LIBRARY IS AN APPROVED PROVIDER OF PRODUCER, AND IN SOME CASES ADJUSTER, CONTINUING EDUCATION IN SIX STATES, PROVIDED MONTHLY CE WEBINARS WITH COMBINED REGISTRATION OF 2,349 STUDENTS. IN ADDITION, THE LIBRARY OFFERED WEBINARS OR SEMINARS IN COLLABORATION WITH ANOTHER ORGANIZATION. THE LIBRARY ALSO OFFERED EDUCATION PROGRAMS AS PART OF ITS PROGRAM FOR 118 SUMMER INTERNS AND EARLY CAREER PROFESSIONALS.
- $243,206 spent. LIBRARY RESOURCES AND SERVICES: THE LIBRARY HAS A COMPREHENSIVE AND UNIQUE COLLECTION OF PRINT AND DIGITAL INSURANCE-RELATED MATERIALS, INCLUDING CURRENT AND HISTORIC INSURANCE POLICIES AND FORMS, JOURNALS AND OTHER PERIODICALS, LEGAL TREATISES, GOVERNMENT REPORTS, FINANCIAL AND STATISTICAL INFORMATION, AND A COLLECTION OF SANBORN MAPS. THESE MATERIALS ARE USED FOR RESEARCH SERVICES PROVIDED BY THE LIBRARY AND ARE AVAILABLE FOR RESEARCH BY LIBRARY MEMBERS AND MEMBERS OF THE PUBLIC. THE LIBRARY ALSO HAS A COLLECTION OF INSURANCE MEMORABILIA THAT REFLECTS THE HISTORY OF INSURANCE.
- THE LIBRARY PROVIDES UNIQUE OPPORTUNITIES FOR MEMBERS OF THE INSURANCE, RISK MANAGEMENT,FINANCIAL SECURITY, AND LEGAL COMMUNITIES, AND THE PUBLIC, TO COME TOGETHER FOR NETWORKING OR OTHER ENGAGEMENT, TO SHARE AND DISCUSS TOPICS OF INTEREST, AND TO RECOGNIZE ACCOMPLISHMENTS. THESE OPPORTUNITIES INCLUDE AN INSURANCE PROFESSIONAL OF THE YEAR AWARD AND EVENT; VIRTUAL LUNCH AND LEARN PROGRAMS; AN ANNUAL AWARD FOR COMMUNITY OR CUSTOMER SERVICE; A SCAVENGER HUNT THAT FOSTERS TEAM BUILDING; INTERACTION WITH COLLEAGUES, AND AN OPPORTUNITY TO LEARN THE HISTORY OF INSURANCE IN BOSTON; AND, A SUMMER INTERN PROGRAM FOR SUMMER INTERNS OR EARLY CAREER PROFESSIONAL AT MEMBER ORGANIZATIONS.
- MISCELLANEOUS
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1994.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.