Council Of Insurance Agents & Brokers

Organization Overview

Council Of Insurance Agents & Brokers is located in Washington, DC. The organization was established in 1942. 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 12/2021, Council Of Insurance Agents & Brokers employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council Of Insurance Agents & Brokers 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 12/2021, Council Of Insurance Agents & Brokers generated $21.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $15.6m during the year ending 12/2021. While expenses have increased by 2.9% 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.

Since 2014, Council Of Insurance Agents & Brokers has awarded 19 individual grants totaling $548,700. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE COUNCIL PROMOTES THE INTERESTS OF ITS MEMBERS, WHO COMPRISE LEADING INSURANCE AGENCIES AND BROKERAGE FIRMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COUNCIL IS THE PREMIER ASSOCIATION FOR THE TOP REGIONAL, NATIONAL AND INTERNATIONAL COMMERCIAL INSURANCE AND EMPLOYEE BENEFITS INTERMEDIARIES WORLDWIDE. THE COUNCIL FOSTERS RELATIONSHIPS INDUSTRY-WIDE BY ENGAGING LAWMAKERS, REGULATORS, AND STAKEHOLDERS AROUND THE WORLD TO PROMOTE THE INTERESTS OF ITS MEMBERS AND THE VALUABLE ROLE THEY PLAY IN THE MITIGATION OF RISK FOR THEIR CLIENTS BY PROVIDING UNIQUE FORUMS FOR NETWORKING OPPORTUNITIES AND LEADERSHIP DEVELOPMENT, OFFERING BUSINESS INTELLIGENCE AND SERVICES.OUR FOUR LARGEST PROGRAMS/MEETINGS ARE THE INSURANCE LEADERSHIP FORUM, THE EMPLOYEE BENEFITS LEADERSHIP FORUM, THE COUNCIL ACADEMY AND THE LEGISLATIVE AND WORKING GROUP SUMMIT. THESE ANNUAL PROGRAMS FOSTER THE CONTINUATION OF THE COUNCIL AND ITS MEMBERS STRONG RELATIONSHIPS WITH EACH OTHER, INSURANCE CARRIERS, AND MEMBERS OF CONGRESS; AND LAYS A SOLID FOUNDATION FOR FUTURE RELATIONSHIPS. THE COUNCIL EXTENDS ITS REACH TO BOTH SIDES OF THE AISLE WHILE EDUCATING RULE MAKERS ON THE CRITICAL ROLE OF THE BROKER AND AGENCY FOR BOTH PROPERTY/CASUALTY AND HEALTH CARE INSURANCE PROGRAMS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Steptoe And Johnson Llp
Legal Counsel
$1,511,610
Design Foundry (Mma Events Llc)
Events Coordination & Mgmt.
$362,720
Cmi Communications
Av Equipment For Events
$201,101
The Broadmoor Hotel
Event Facility
$390,998
University Of Georgia
Program Development
$198,300
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,071,158
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$1,071,158
Total Program Service Revenue$17,112,594
Investment income $743,348
Tax Exempt Bond Proceeds $0
Royalties $2,140,000
Net Rental Income $35
Net Gain/Loss on Asset Sales $338,840
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,421,690

Grants Awarded

Over the last fiscal year, Council Of Insurance Agents & Brokers has awarded $60,000 in support to 2 organizations.

Grant RecipientAmount

FOUNDATION TO ERADICATE DUCHENNE INC

Org PageRecipient Profile

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$50,000

Washington, DC

PURPOSE: CORPORATE CONTRIBUTIONS

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Council Of Insurance Agents & Brokers has recieved totaling $10,000.

Awarding OrganizationAmount
Kaiser Foundation Health Plan Inc

Oakland, CA

PURPOSE: 2021 Event Sponsorship

$10,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or