National Association Of Independent Insurance Adjusters is located in Kalamazoo, MI. The organization was established in 1943. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, 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. National Association Of Independent Insurance Adjusters 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, National Association Of Independent Insurance Adjusters generated $269.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $144.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING INDEPENDENT INSURANCE ADJUSTERS TOGETHER TO PROMOTE EDUCATION, ENCOURAGEMENT, AND PROMOTE GENERAL WELFARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE AND MEETINGS TO BRING MEMBERS TOGETHER TO PROMOTE EDUCATIONAL PROGRAMS AND PROFESSIONAL GUIDANCE.
ANNUAL MEMBERSHIP DIRECTORY DISTRIBUTED TO ALL MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sheri Csom Executive Di | Officer | 40 | $53,548 |
Gaetano Berardi Secretary/tr | Officer | 4 | $0 |
John Henderson President | Officer | 3 | $0 |
Bill Schulenberg President El | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $256,987 |
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 | $256,987 |
Total Program Service Revenue | $1,055 |
Investment income | $11,070 |
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 | $269,112 |
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 | $53,548 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $4,096 |
Fees for services: Management | $0 |
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 | $2,721 |
Advertising and promotion | $0 |
Office expenses | $9,109 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $14,383 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $27,924 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,358 |
All other expenses | $1,112 |
Total functional expenses | $144,848 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $89,100 |
Savings and temporary cash investments | $599,406 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $49,268 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $42,000 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $998 |
Total assets | $780,772 |
Accounts payable and accrued expenses | $8,200 |
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 | $7,265 |
Total liabilities | $15,465 |
Net assets without donor restrictions | $0 |
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 | $765,307 |
Total liabilities and net assets/fund balances | $780,772 |