Minnesota · Nonprofit
AMERICAN RISK & INSURANCE ASSOC INC
AMERICAN RISK & INSURANCE ASSOC INC (Minnesota) receives grants from 2 organizations whose IRS filings report $50,500 to it, the largest being SPENCER EDUCATIONAL FOUNDATION INC ($35,000). 1 of them have funded it in more than one year.
- Revenue FY2025
- $523k
- Funders on record
- 2
- Grants received
- $51k
- Net assets
- $787k
What American Risk & Insurance Assoc Inc does
Mission
Aria is a scholarly association devoted to the study of and promotion of risk and insurance economics. Our membership is comprised of academics, scholars, professionals and industry veterans. Together, through conferences, publications, and recognition, we are a community committed to provide for the mutual association of persons with an interest to study in risk and insurance, to improve the public's understanding of how risk can be more effectively managed, and to support the adoption of new findings by the risk management profession. Aria is dedicated to the expansion and improvement of academic instruction to students of risk management and insurance, providing networking, information and support.
As stated on its FY2025 Form 990.
Programs
2025 world risk and insurance economics congress (wriec)"aria's 4.5 day conference, held in partnership with two sister associations (apria and egrie). World congress takes place every five years, and aria is the host every 15 years. 250 participants, a mix of aria members and non-members, from across the world. Event program is attached."
$521,171 spentof which $21,122 as grants100% of program spendingPublications: jri and rmir"aria has two journals: journal of risk & insurance (jri) and risk management & insurance review (rmir).the year-end publications report is attached."
The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $521,171.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $967k to $1.1M (+16%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2025 6%. Grants only. Government contracts and fees sit inside program revenue.
20% of AMERICAN RISK & INSURANCE ASSOC INC’s revenue is contributions — more donation-reliant than the typical peer (1% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Mackenzie Kelley
Executive director
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2018 and FY2019, and between the FY2020 and FY2021 filings.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of AMERICAN RISK & INSURANCE ASSOC INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
AMERICAN RISK & INSURANCE ASSOC INC leans on a few funders — its largest provides 69% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund AMERICAN RISK & INSURANCE ASSOC INC.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
AMERICAN RISK & INSURANCE ASSOC INC draws 100% of its grant income from funders outside Minnesota, across 1 state in all.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
AMERICAN RISK & INSURANCE ASSOC INC receives grants from 2 organizations whose IRS filings report $51k to it.
this organization peer median middle 50% of peers· 1,185 membership benefit nonprofits $100k–$1M, FY2025
Organizations like AMERICAN RISK & INSURANCE ASSOC INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
86% of spending goes to programs.
Governance
Public support
94%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for AMERICAN RISK & INSURANCE ASSOC INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds AMERICAN RISK & INSURANCE ASSOC INC?
- AMERICAN RISK & INSURANCE ASSOC INC (Minnesota) receives grants from 2 organizations whose IRS filings report $50,500 to it, the largest being SPENCER EDUCATIONAL FOUNDATION INC ($35,000). 1 of them have funded it in more than one year.
- How many funders does AMERICAN RISK & INSURANCE ASSOC INC have?
- IRS filings report 2 organizations giving $50,500 in grants to AMERICAN RISK & INSURANCE ASSOC INC, 1 of which have funded it in more than one year.
- Who is the largest funder of AMERICAN RISK & INSURANCE ASSOC INC?
- SPENCER EDUCATIONAL FOUNDATION INC is the largest funder on record, with $35,000 in grants. The full list of funders is on this page.
- How can an organization like AMERICAN RISK & INSURANCE ASSOC INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing