Professional Insurance Agents Of Minnesota Inc

Organization Overview

Professional Insurance Agents Of Minnesota Inc is located in Savage, MN. The organization was established in 2003. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Professional Insurance Agents Of Minnesota Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Insurance Agents Of Minnesota Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 06/2023, Professional Insurance Agents Of Minnesota Inc generated $509.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $422.4k during the year ending 06/2023. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE PROFESSIONAL INSURANCE AGENTS OF MINNESOTA SHALL BE TO PROVIDE AN INFORMATION AND EDUCATIONAL NETWORK, PRODUCT SUPPORT AND ADVOCACY FOR MINNESOTA'S PROFESSIONAL INDEPENDENT AGENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE EDUCATIONAL CONFERENCES AND SEMINARS TO MEMBER AND NON-MEMBER INSURANCE AGENTS WITH RESPECT TO EMERGING ISSUES IN THE INSURANCE INDUSTRY. APPROXIMATELY 300 AGENTS SERVED.


PROVIDE A WEEKLY NEWSLETTER TO ITS MEMBERS WHICH PROVIDES EDUCATIONAL INFORMATION AND CURRENT DEVELOPMENTS WITHIN THE INSURANCE INDUSTRY. APPROXIMATELY 800 SUBSCRIBERS SERVED.


PROMOTE PROFESSIONALISM THROUGHOUT THE INSURANCE INDUSTRY. PROVIDE EDUCATION ADVOCACY AND AGENCY SOLUTIONS TO MINNESOTA'S INDEPENDENT INSURANCE AGENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Allan Karki
Director
$0
Dennis Overland
National Director
$0
Kim Eggers
Secretary
$0
Jason Zattler
President
$0
Christine Stang
Director
$0
Gregory Sather
Executive VP
$116,196

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$86,852
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$86,852
Total Program Service Revenue$333,258
Investment income $7,457
Tax Exempt Bond Proceeds $0
Royalties $81,782
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $509,506

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