 |
 |
|
      |
|
||
|
History & Governance
Nonprofit Resources is a wholly owned Subsidiary of Colorado Nonprofit Association |
|
History & Governance NONPROFIT RESOURCES, INC., the for-profit subsidiary of Colorado Nonprofit Association, was established in 1989 and was known as CANPO Administrative Services, Inc. In September of 2005, the name was changed to Nonprofit Resources, Inc., giving the members a better idea of the purpose of the subsidiary. Nonprofit Resources, Inc. is owned by the Association and is governed by a volunteer board of directors. The subsidiary provides a way for the Association to sell insurance products to the members and not jeopardize their nonprofit status. The first products available were health and other employee benefits. Eventually, Workers’ Compensation and liability products were added. To provide better service to the members and to grow the business, Nonprofit Resources was structured as an independent insurance agency in 1996. A separate board was appointed to govern the subsidiary and an insurance professional, Betsy Jansen, was hired to manage and expand the agency. Nonprofit Resources negotiates and contracts with insurance carriers, evaluates products for quality and cost, researches and develops new products and concentrates on education of the members. Revenue is earned by commission on the sale of policies to members. Nonprofit Resources has worked with Colorado Nonprofit Association to find ways to support the work of the Association by paying dividends ,sharing expenses, and providing services to enhance membership. |
