Insurance Agents And Brokers Of Pennsylvania Inc
- Assets
- $6.9m
- Revenue
- $2.4m
- Investments
- $576.1k
- Employees
- 0
- Location
- Mechanicsburg, PA
- Founding
- 11/1946
- Data as of
- 03/2022
- EIN
- 23-1582076
Organization Overview
Insurance Agents And Brokers Of Pennsylvania Inc is located in Mechanicsburg, PA. The organization was established in 1946. According to its NTEE Classification (Y01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Insurance Agents And Brokers Of Pennsylvania 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 03/2022, Insurance Agents And Brokers Of Pennsylvania Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $2.3m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE CORPORATION IS TO PROMOTE THE INTEREST, WELFARE AND COMMON GOOD OF THE INSURANCE AGENCY BUSINESS AND THE AMERICAN AGENCY SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDUSTRY LEADER SUPPORTING AND/OR PROVIDING EDUCATIONAL, TRAINING AND PROFESSIONAL DEVELOPMENT OPPORTUNITES RELEVANT TO THE NEEDS OF OUR MEMBERS, CUSTOMERS AND THE INDUSTRY AT LARGE.
DUES PROVIDE OR/ARE A RESOURCE FOR THE PRODUCT AND SERVICE NEEDS OF OUR MEMBERS AND CUSTOMERS.
MEMBER EVENTS AND PRODUCTS PROVIDE OPPORTUNITIES FOR MEMBERS AND PARTNERS TO CONNECT ON INDUSTRY AND ASSOCIATION MATTERS.
ADVOCATE FOR MEMBERS' INTEREST BEFORE GOVT, LEGAL SYSTEM, OUR COMPANIES AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason F Ernest President & | Officer | 12 | $0 |
Keith E Foster Treasurer & | Officer | 12 | $0 |
Timothy A Wonder Secretary | Officer | 12 | $0 |
Sarah Brown Director | Trustee | 1 | $0 |
Len Gieseler Director | Trustee | 1 | $0 |
Andrew Enders Director | Trustee | 1 | $0 |
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 | $1,592,963 |
| Investment income | $104,766 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $587,834 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,250 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,426,813 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,345,283 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $65,929 |
| Office expenses | $18,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,668 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $645,879 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,975 |
| Total functional expenses | $2,281,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,574 |
| Savings and temporary cash investments | $2,192,366 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,287,329 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $376,599 |
| Inventories for sale or use | $1,638 |
| Prepaid expenses and deferred charges | $5,403 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,939,242 |
| Investments—other securities | $576,082 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $316,887 |
| Total assets | $6,872,120 |
| Accounts payable and accrued expenses | $1,584,421 |
| Grants payable | $0 |
| Deferred revenue | $656,791 |
| 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 | $0 |
| Total liabilities | $2,241,212 |
| Net assets without donor restrictions | $4,630,908 |
| 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 | $6,872,120 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Insurance Agents And Brokers Of Pennsylvania Inc Mechanicsburg, PA | $6,872,120 | $2,426,813 |
Wellness Advocacy Fund Fulton, MD | $42,284,192 | $3,562,740 |
Delaware Insurance Guaranty Association Newark, DE | $30,181,885 | $1,199,460 |
Ohio Insurance Institute Columbus, OH | $705,390 | $1,790,344 |
Joint Insurance Association Ellicott City, MD | $2,641,203 | $770,233 |
Insurance Guaranty Associations Dublin, OH | $24,219,360 | $919,382 |
Professional Insurance Agents Of New Jersey Glenmont, NY | $5,741,055 | $1,061,856 |
Mechanical Trades Betterment Fund Employees Trust Latham, NY | $644,568 | $538,427 |
Highland Park Chinese Association Highland Park, NJ | $47,615 | $0 |
Lackawaxen Honesdale Shippers Assoc Iation Inc Honesdale, PA | $234,052 | $0 |
Upper Darby Corporation For Community And Economic Development Drexel Hill, PA | $21,836 | $34,362 |
Grandsavers Are Lifesavers Mainesburg, PA | $17,676 | $17,401 |