Independent Insurance Agents Of Illinois
- Assets
- $5.8m
- Revenue
- $2.8m
- Investments
- $232.3k
- Employees
- 13
- Location
- Springfield, IL
- Founding
- 08/1993
- Data as of
- 09/2023
- EIN
- 37-1301916
Organization Overview
Independent Insurance Agents Of Illinois is located in Springfield, IL. The organization was established in 1993. 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 09/2023, Independent Insurance Agents Of Illinois employed 13 individuals. Independent Insurance Agents Of Illinois 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 09/2023, Independent Insurance Agents Of Illinois generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.7m during the year ending 09/2023. 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 PROVIDE OUR MEMBERS WITH A SUSTAINABLE COMPETITIVE ADVANTAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED APPROXIMATELY 309 EDUCATIONAL INSURANCE WORKSHOPS TO MEMBERS ON A VARIETY OF TOPICS IN NUMEROUS LOCATIONS AND ONLINE.
PROVIDED NETWORKING OPPORTUNITIES, BRANDING SERVICES, AND OTHER RESOURCES FOR 881 MEMBERS.
HOSTED ANNUAL CONVENTION WITH 135 EXHIBITORS IN SPRINGFIELD, IL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin Peterson Chairperson - Government R | Trustee | 2 | $0 |
Brian Ogden Chairperson - Technology | Trustee | 2 | $0 |
Amiri Curry At-Large Board Member | Trustee | 2 | $0 |
Jeffrey Mcmillan At-Large Board Member | Trustee | 2 | $0 |
James Sager Region 1 Director | Trustee | 2 | $0 |
Raymond Roentz Region 2 Director | Trustee | 2 | $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 | $1,934,365 |
| Investment income | $594,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $312,548 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$107,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,818,160 |
| 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. | $193,129 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $688,414 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $135,160 |
| Other employee benefits | $98,850 |
| Payroll taxes | $63,389 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,939 |
| Fees for services: Accounting | $21,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,197 |
| Travel | $38,113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $310,519 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,270 |
| Insurance | $32,232 |
| All other expenses | $378,401 |
| Total functional expenses | $2,720,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $181,470 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,595 |
| 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 | $92,361 |
| Net Land, buildings, and equipment | $178,895 |
| Investments—publicly traded securities | $5,052,568 |
| Investments—other securities | $232,303 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,773,192 |
| Accounts payable and accrued expenses | $77,020 |
| Grants payable | $0 |
| Deferred revenue | $504,600 |
| 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 | $261,069 |
| Total liabilities | $842,689 |
| Net assets without donor restrictions | $4,925,333 |
| Net assets with donor restrictions | $5,170 |
| 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 | $5,773,192 |