Insurance Institute Of Indiana Inc
- Assets
- $874.8k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Indianapolis, IN
- Founding
- 12/1959
- Data as of
- 12/2023
- EIN
- 35-1016557
Organization Overview
Insurance Institute Of Indiana Inc is located in Indianapolis, IN. The organization was established in 1959. 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 12/2023, Insurance Institute Of Indiana Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insurance Institute Of Indiana 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 12/2023, Insurance Institute Of Indiana Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DISTRIBUTE INFORMATION AND CONDUCT EDUCATION IN THE INSURANCE INDUSTRY TO PROMOTE AWARENESS TO INDIVIDUALS AND THE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Art Miller Director | Trustee | 1 | $0 |
Angie Nelson Director | Trustee | 1.5 | $0 |
Jess Alanis At Large | Trustee | 1.5 | $0 |
William Carmichael Director | Trustee | 1 | $0 |
Eric Musser Director | Trustee | 1 | $0 |
Michael Allison Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,122,744 |
| 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 | $1,122,744 |
| Total Program Service Revenue | $0 |
| Investment income | $11,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,133,801 |
| 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. | $235,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,371 |
| Pension plan accruals and contributions | $32,848 |
| Other employee benefits | $79,291 |
| Payroll taxes | $44,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,832 |
| Fees for services: Lobbying | $8,064 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $134,812 |
| Advertising and promotion | $0 |
| Office expenses | $26,982 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,418 |
| Travel | $36,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,291 |
| Insurance | $9,724 |
| All other expenses | $796 |
| Total functional expenses | $1,108,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $360,904 |
| Savings and temporary cash investments | $494,617 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,902 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,781 |
| Total assets | $874,804 |
| Accounts payable and accrued expenses | $2,455 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $30,228 |
| Total liabilities | $32,683 |
| Net assets without donor restrictions | $842,121 |
| 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 | $874,804 |