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Nassief Group Reinsurance Ltd

Organization summary

Type of Nonprofit

Designated as a Mutual insurance companies or associations which provide insurance to members substantially at cost.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$55 (2022)

Expenses
−$14.5k (2022)

Total Assets
$642k (2022)

Total Liabilities
$289k (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$55
Expenses
-$14,500
Net Income
$14,555
Net Assets
$353,601
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $55
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $642,296
Total Liabilities $288,695
Net Assets $353,601
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Marybeth Nassief (Officer / Director / 25% Ownership) $0 $0 $0
Helen Nassief (Vice President / Director / 25% Ownership) $0 $0 $0
Todd Nassief (Officer / Director / 25% Ownership) $0 $0 $0
Sam Nassief (Officer / Director / 25% Ownership) $0 $0 $0
George Nassief (President / Director / 0% Ownership) $0 $0 $0
Ann Nassief (Secretary / Director / 0% Ownership) $0 $0 $0
Ronald Depiero (Director / 0% Ownership) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
-$25,934
Net Income
$25,934
Net Assets
$339,046
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $650,099
Total Liabilities $311,053
Net Assets $339,046
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Marybeth Nassief (Officer / Director / 25% Ownership) $0 $0 $0
Helen Nassief (Vice President / Director / 25% Ownership) $0 $0 $0
Todd Nassief (Officer / Director / 25% Ownership) $0 $0 $0
Sam Nassief (Officer / Director / 25% Ownership) $0 $0 $0
George Nassief (President / Director / 0% Ownership) $0 $0 $0
Ann Nassief (Secretary / Director / 0% Ownership) $0 $0 $0
Ronald Depiero (Director / 0% Ownership) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$579
Expenses
-$17,722
Net Income
$18,301
Net Assets
$313,111
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $579
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $659,356
Total Liabilities $346,245
Net Assets $313,111
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Marybeth Nassief (Officer / Director / 25% Ownership) $0 $0 $0
Helen Nassief (Vice President / Director / 25% Ownership) $0 $0 $0
Todd Nassief (Officer / Director / 25% Ownership) $0 $0 $0
George Nassief (President / Director / 0% Ownership) $0 $0 $0
Ann Nassief (Officer / Director / 0% Ownership) $0 $0 $0
Ronald Depiero (Director / 0% Ownership) $0 $0 $0
Sam Nassief (Officer / Director / 25% Ownership) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,672
Expenses
-$196,639
Net Income
$198,311
Net Assets
$294,811
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,672
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $691,082
Total Liabilities $396,271
Net Assets $294,811

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,740
Expenses
$10,971
Net Income
-$8,231
Net Assets
$96,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,740
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $749,616
Total Liabilities $653,116
Net Assets $96,500

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,254
Expenses
$63,465
Net Income
-$62,211
Net Assets
$104,731
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,254
100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $792,027
Total Liabilities $687,296
Net Assets $104,731

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$80,048
Expenses
$76,517
Net Income
$3,531
Net Assets
$166,943
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $79,741
99.6%
Investment Income $307
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $854,239
Total Liabilities $687,296
Net Assets $166,943

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$124,329
Expenses
$109,224
Net Income
$15,105
Net Assets
$163,413
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $123,975
99.7%
Investment Income $354
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $849,840
Total Liabilities $686,427
Net Assets $163,413

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$136,665
Expenses
$87,210
Net Income
$49,455
Net Assets
$148,309
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $136,275
99.7%
Investment Income $390
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $814,944
Total Liabilities $666,635
Net Assets $148,309

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$101,132
Expenses
$74,523
Net Income
$26,609
Net Assets
$98,854
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $101,117
100.0%
Investment Income $15
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $768,500
Total Liabilities $669,646
Net Assets $98,854

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$81,774
Expenses
$149,918
Net Income
-$68,144
Net Assets
$72,245
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $81,758
100.0%
Investment Income $16
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $752,098
Total Liabilities $679,853
Net Assets $72,245

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$91,074
Expenses
$88,889
Net Income
$2,185
Net Assets
$140,389
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $79,984
87.8%
Investment Income $11,090
12.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $756,622
Total Liabilities $616,233
Net Assets $140,389

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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