Insurance Consumer Affairs Exchange
- Assets
- $101.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Hyde Park, NY
- Founding
- 09/1988
- Data as of
- 05/2022
- EIN
- 37-1148101
Organization Overview
Insurance Consumer Affairs Exchange is located in New Hyde Park, NY. The organization was established in 1988. 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. Insurance Consumer Affairs Exchange 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 05/2022, Insurance Consumer Affairs Exchange generated $48.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $38.2k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
INSURANCE INDUSTRY PROFESSIONALS ARE BETTER ABLE TO CARRY OUT THEIR DUTIES DUE TO EDUCATION RECEIVED AT ANNUAL CONFERENCES, WHICHALLOWS PROFESSIONALS TO DISCUSS CONSUMER RELATED ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Hatfield President | 3 | $0 | |
Adam Stanhope Director | 3 | $0 | |
Jacqueline Smiley Treasurer | 3 | $0 | |
Lois Alexander Director | 3 | $0 | |
Joan Olson Past President | 3 | $0 | |
Kristi Colbert Vice President | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,350 |
| Total Program Service Revenue | $15,175 |
| Membership dues | $15,600 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,129 |
| 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 | $10,060 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $197 |
| Other expenses | $27,895 |
| Total expenses | $38,152 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,904 |
| Other assets | $0 |
| Total assets | $101,904 |
| Total liabilities | $0 |
| Net assets or fund balances | $101,904 |
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