Cincinnati Insurance Board
- Assets
- $49.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Cincinnati, OH
- Founding
- 08/1942
- Data as of
- 06/2023
- EIN
- 31-0239870
Organization Overview
Cincinnati Insurance Board is located in Cincinnati, OH. The organization was established in 1942. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2023, Cincinnati Insurance Board employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati Insurance Board 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 06/2023, Cincinnati Insurance Board generated $189.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $196.6k during the year ending 06/2023. 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 Mission:
Part 3 - Line 1
TO ENCOURAGE INTEGRITY AND ETHICAL PRACTICES WITHIN THE INSURANCE INDUSTRY AND TO PROVIDE PROFESSIONAL DEVELOPMENT THROUGH EDUCATIONAL SERVICES TO INSURANCE AGENTS.
Describe the Organization's Program Activity:
Part 3
TO PROVIDE EDUCATION TO OVER 120 MEMBER INSURANCE AGENTS VIA USE OF SEMINARS, BOOKS, MANUALS, TAPES, ETC. NON-MEMBERS ARE PERMITTED TO ATTEND EDUCATIONAL SEMINARS BUT DO NOT RECEIVE THE DISCOUNTED RATE PROVIDED TO MEMBERS. MEMBERS ALSO HAVE ACCESS TO NEWSLETTERS, DAILY NEWS CLIP SERVICE, COMPENSATION SURVEYS AND VARIOUS OTHER SERVICES.
PROVIDE MOTOR VEHICLE REPORTS FOR POTENTIAL CUSTOMERS FOR INSURANCE AGENTS.
TO PROVIDE SPECIAL EVENTS AND MEETINGS TO PROMOTE MEMBERSHIP IN THE BOARD AND TO DISSEMINATE INFORMATION NEEDED BY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Keller President | 1 | $0 | |
Chris Owens Treasurer | 1 | $0 | |
Dan Driehaus Trustee | 1 | $0 | |
Laurence Jones Trustee | 1 | $0 | |
Dejuan Gossett Trustee | 1 | $0 | |
Melissa Young Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $128,018 |
| Membership dues | $60,092 |
| Investment income | $1,221 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $189,331 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $61,326 |
| Professional fees and other payments to independent contractors | $6,290 |
| Occupancy, rent, utilities, and maintenance | $24,218 |
| Printing, publications, postage, and shipping | $739 |
| Other expenses | $104,039 |
| Total expenses | $196,612 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,839 |
| Other assets | $0 |
| Total assets | $49,566 |
| Total liabilities | $19,400 |
| Net assets or fund balances | $30,166 |