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INSURANCE FEDERATION OF NEW YORK INC

MOUNT VERNON, NY · EIN 135612626 · Form 990EZ · FY2024 · NTEE S40 · Community Improvement · Small ($100K-$1M) · ifny.org
revenue
$173K
expenses
$169K
net assets
$74K
employees
mission · from form 990

IMPROVING BUSINESS CONDITIONS FOR NY INSURANCE INDUSTRY.

profile · synthesized from sources

The Insurance Federation of New York (IFNY), founded in 1913, is a nonprofit membership organization that serves the insurance industry in New York. It facilitates dialogue among industry professionals, regulators, and public officials through events, forums, and leadership programs. IFNY supports workforce development for underserved youth and recognizes leadership in insurance and public service through annual awards.

named programs · 5 · from sources

What they call their work

Current Issues in Insurance Regulation
Annual CLE co-sponsored event featuring national leaders discussing regulatory, legal, and emerging issues in insurance.
Free Enterprise Award
Annual award recognizing industry leaders for entrepreneurial achievement and contributions to the insurance sector.
IFNY Interns Summer Program
Provides high school students from disadvantaged backgrounds with exposure to the insurance industry through internships and mentoring, in partnership with Hope Ignites New York.
IFNY NextGen
Networking and leadership development program for emerging professionals in the insurance and reinsurance industries, offering events, mentoring, and educational opportunities.
Mary Lanning Public Service Award
Annual award honoring individuals for outstanding service in the public interest aligned with the insurance industry’s goals.
activities · 5 groups

What they do

  • Insurance & Risk Management Professional Development 3 activities
    • Addressing auto insurance fraud through expert forums
      Hosts events and forums featuring expert speakers to address fraud in New York's auto insurance market, including a dedicated forum on May 12, 2026.
    • Facilitating professional development for emerging insurance professionals
      Provides ongoing networking, mentoring, education, and leadership development programs for emerging professionals in the insurance industry.
    • Hosting industry forums and educational events
      Organizes and hosts a range of in-person events including the Current Issues in Insurance Regulation program, the Surplus Lines and Reinsurance Forum, and specialized seminars on topics such as AI in insurance and insuring affordable housing, featuring regional and national experts.
  • Insurance Industry Trade Association 1 activity
    • Advocacy for New York insurance industry competitiveness
      Works to strengthen New York's position as a leading global insurance market through advocacy, industry engagement, and efforts to improve business conditions for the insurance sector in New York.
  • Workplace and Affiliate Giving Programs 1 activity
    • Funding workforce development initiatives
      Provides financial contributions and hosting support for the Mary Lanning Workforce Development Program, which supports career pathways in the insurance industry.
  • Student Career Readiness and Internship Placement 1 activity
    • Operating youth internship programs in insurance
      Runs the IFNY Interns summer program, providing highly motivated teens from challenging backgrounds with in-depth exposure to the insurance industry and potential career pathways through structured learning and mentoring.
  • Industry and Community Recognition Awards 1 activity
    • Organizing signature industry events and award luncheons
      Organizes and facilitates participation in signature events such as the “Breakfast With…” series, Annual Fall Cocktail Reception, and the 110th Annual Award Luncheon, which includes the presentation of the Free Enterprise Award and the Mary Lanning Public Service Award.
financials · form 990EZ · fy2024
revenue
Total revenue$173K
Contributions & grants
Program service revenue$115K66%
Investment income$60%
Other revenue
expenses
Total expenses$169K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits
Grants paid out
balance sheet
Total assets$133K
Cash
Investments
Liabilities
Net assets$74K
3 years on record · 2021–2024 · YoY revenue +33.3%
leadership · form 990 part vii · fy2024

Who runs it

board members · 12
  • CHRISTINA LEE — DIRECTOR
  • DANIEL MAHER — DIRECTOR
  • DENISE CAMPBELL — DIRECTOR (THROUGH 12/2024)
  • DOUGLAS J HAYDEN ESQ — DIRECTOR
  • ERIC R DINALLO — DIRECTOR
  • FREDERIC GARSSON — DIRECTOR
  • JAMES P CORCORAN — DIRECTOR
  • KERMITT BROOKS — DIRECTOR (THROUGH 12/2024)
  • MAURA T CLANCY — DIRECTOR
  • REGINA DEGNAN-STEINBORN — DIRECTOR
  • ROGER M MOAK ESQ — DIRECTOR
  • STEVEN J BENSINGER — DIRECTOR
relationships · 15

Who they work with

  • Applied Underwriters Partner — Hosted the event venue for IFNY's educational program.
  • Bishop Loughlin Memorial High School Partner — School from which students are selected to participate in the workforce development program supported by IFNY.
  • Blue Sky Report Partner — Collaborates on the "Governance on Trial" conference examining corporate misconduct and governance.
  • Connecticut Insurance Department Government — Hosts an event featuring Connecticut Insurance Commissioner Josh Hershman to discuss regulatory and industry issues.
  • Dave North Partner — Recognized as the 2024 recipient of the Free Enterprise Award for industry leadership and entrepreneurial contributions.
  • ELANY Partner — Co-hosts the Surplus Lines and Reinsurance Forum with IFNY.
  • ELANY Partner — Co-hosts the Surplus Lines and Reinsurance Forum.
  • Hon. Jesmond Gatt Partner — Recognized as the 2025 recipient of the Free Enterprise Award for contributions to the insurance industry and leadership.
  • Hope Ignites New York Partner — Partner organization that selects students and operates the Mary Lanning Workforce Development Program, which IFNY supports through fundraising.
  • IFNY Emerging Leaders Network — Division of IFNY composed of young professionals in the insurance and reinsurance industries, focused on engagement and development.
  • IFNY Emerging Leaders Network — Division within the Insurance Federation of New York focused on career development for younger insurance professionals.
  • Insurance Federation of New York (IFNY) Network — IFNY NextGen is a division of the Insurance Federation of New York, operating under its umbrella to serve emerging professionals.
  • National Association of Insurance Commissioners (NAIC) Government — Connecticut Insurance Commissioner Andrew N. Mais, recognized by the award, serves as President of the NAIC and participates in its committees.
  • New York City Bar Partner — Co-sponsors and hosts IFNY's annual Current Issues in Insurance Regulation program.
  • Windels Marx Partner — Hosts events featuring Matthew Daus, who is Founder and Chair of the Transportation Practice Group at Windels Marx.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Advocacy Through Public Policy Engagement
    methodology: advocacy-through-public-policy
    By engaging in public policy development through expert-informed, interactive forums, the organization influences regulatory frameworks and market practices, because sustained, evidence-based advocacy with regulators and stakeholders leads to practical and sustainable reform in the insurance sector.
  • Industry Convening for Collective Insight
    methodology: industry_convening
    By convening industry leaders, regulators, and executives through expert-led forums and seminars, the organization generates shared understanding and actionable insights on systemic issues in insurance regulation and market trends, because collective dialogue among trusted peers accelerates consensus and reform.