New York Young Insurance Professionals
- Assets
- $118.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glenmont, NY
- Founding
- 11/1996
- Data as of
- 12/2023
- EIN
- 14-1793748
Organization Overview
New York Young Insurance Professionals is located in Glenmont, NY. The organization was established in 1996. 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. New York Young Insurance Professionals 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, New York Young Insurance Professionals generated $37.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $30.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL MEETINGS WERE HELD AND INFORMATION MAILINGS ARE SENT TO MEMBERS TO EXPAND AND KEEP CURRENT THEIR KNOWLEDGE OF THE INSURANCE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Richards President | 1 | $0 | |
Ian Sterling First Vice President | 1 | $0 | |
Tyler Molina Vice President | 1 | $0 | |
Chris Schmitz Secretary/treasurer | 1 | $0 | |
Ed Chadwick Immediate Past President | 1 | $0 | |
Michael Ascher Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $4,195 |
| Investment income | $149 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $18,781 |
| Other Revenue | $14,650 |
| Total Revenue | $37,775 |
| 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 | $1,642 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,898 |
| Total expenses | $30,540 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $117,839 |
| Other assets | $0 |
| Total assets | $118,892 |
| Total liabilities | $4,538 |
| Net assets or fund balances | $114,354 |