Insurance Premium Finance Association Inc
- Assets
- $80.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Depew, NY
- Founding
- 09/1963
- Data as of
- 12/2021
- EIN
- 13-6162452
Organization Overview
Insurance Premium Finance Association Inc is located in Depew, NY. The organization was established in 1963. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insurance Premium Finance Association 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 12/2021, Insurance Premium Finance Association Inc generated $20.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $3.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (24.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MEMBERSHIP TRADE ORGANIZATION WHOSE MEMBERS WORK IN THE INSURANCE PREMIUM FINANCING PROFESSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Koeth President | 2 | $0 | |
Jeremy Bemak Vice President | 2 | $0 | |
Josh Ellwanger Treasurer | 2 | $0 | |
Dominique Sawko Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $20,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,105 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $431 |
| Total expenses | $3,536 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,099 |
| Other assets | $0 |
| Total assets | $80,099 |
| Total liabilities | $0 |
| Net assets or fund balances | $80,099 |
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