Insured Retirement Institute Inc
- Assets
- $9.2m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 21
- Location
- Washington, DC
- Founding
- 06/1992
- Data as of
- 12/2023
- EIN
- 06-1328907
Organization Overview
Insured Retirement Institute Inc is located in Washington, DC. The organization was established in 1992. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Insured Retirement Institute Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insured Retirement Institute 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 12/2023, Insured Retirement Institute Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $8.1m during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE UNDERSTANDING OF AND ADVOCATE ON ISSUES AFFECTING INSURED RETIREMENT STRATEGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP & ENGAGEMENT:MEMBERSHIP SERVICES PROVIDES EDUCATION AND INFORMATION TO ASSOCIATION MEMBERS. THIS INCLUDES CONFERENCES THAT BRING TOGETHER ASSOCIATION MEMBERS AND OTHERS INTERESTED IN ANNUITY AND RETIREMENT PRODUCTS TO EDUCATE THEM ON CURRENT ISSUES, INCLUDING PRODUCT FEATURES AND BENEFITS.
ADVOCACY:THE ASSOCIATION'S ADVOCACY PROGRAMS SEEK TO ADVANCE PUBLIC POLICY SOLUTIONS THAT EXPAND ACCESS TO WORKPLACE RETIREMENT PLANS AND PROTECTED INCOME PRODUCTS AND TO ENSURE ACCESS TO CONSUMERS' CHOICE OF PROFESSIONAL FINANCIAL GUIDANCE, AMONG OTHER PRIORITIES.
OPERATIONS & TECHNOLOGY:THE ASSOCIATION'S OPERATIONS & TECHNOLOGY PROGRAMS SUPPORT THE INDUSTRY'S DEVELOPMENT OF DIGITAL SOLUTIONS FOR THE PURPOSE OF MEETING THE PRDOUCT NEEDS AND SERVICE EXPECTATIONS OF FINANCIAL PROFESSIONALS AND CONSUMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Fiedler Executive Officer, Chair | OfficerTrustee | 2 | $0 |
Phillip Pellegrino Executive Officer, Vice Chair | OfficerTrustee | 2 | $0 |
Paula Nelson Executive Officer, Treasurer | OfficerTrustee | 2 | $0 |
Jacob Armstrong Director | Trustee | 2 | $0 |
Sean Baker Director | Trustee | 2 | $0 |
Doug Brigman Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cliftonlarsonallen Llp Accounting Services | 12/30/23 | $237,901 |
Forbes Tate Partners Llc Lobbying Services | 12/30/23 | $182,028 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,429,726 |
| Investment income | $5,018 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$77,641 |
| 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 | $8,367,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,260,245 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,553,312 |
| Pension plan accruals and contributions | $106,326 |
| Other employee benefits | $112,741 |
| Payroll taxes | $248,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $144,074 |
| Fees for services: Accounting | $262,198 |
| Fees for services: Lobbying | $182,028 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $137,993 |
| Advertising and promotion | $16,000 |
| Office expenses | $258,865 |
| Information technology | $276,041 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $253,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,113,112 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,299 |
| Insurance | $0 |
| All other expenses | $48,428 |
| Total functional expenses | $8,082,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,395,503 |
| Savings and temporary cash investments | $1,006,386 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $162,452 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $288,252 |
| Net Land, buildings, and equipment | $76,113 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $432,206 |
| Other assets | $840,529 |
| Total assets | $9,201,441 |
| Accounts payable and accrued expenses | $241,010 |
| Grants payable | $0 |
| Deferred revenue | $5,816,845 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,396,163 |
| Total liabilities | $7,454,018 |
| Net assets without donor restrictions | $1,747,423 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,201,441 |