Independent Insurance Agents Of Wisconsin
- Assets
- $2.9m
- Revenue
- $1.7m
- Investments
- $441.4k
- Employees
- 10
- Location
- Madison, WI
- Founding
- 01/1943
- Data as of
- 08/2023
- EIN
- 39-0711474
Organization Overview
Independent Insurance Agents Of Wisconsin is located in Madison, WI. The organization was established in 1943. 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 08/2023, Independent Insurance Agents Of Wisconsin employed 10 individuals. This organization is the central organization for a national or regional group of organizations. Independent Insurance Agents Of Wisconsin 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 08/2023, Independent Insurance Agents Of Wisconsin generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $1.7m during the year ending 08/2023. While expenses have increased by 17.9% per year over the past 4 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 PROMOTE AND REPRESENT THE COMMON BUSINESS INTERESTS OF THE INDEPENDENT INSURANCE AGENTS WITHIN THE INSURANCE INDUSTRY IN THE STATE OF WISCONSIN, BEFORE THE WISCONSIN STATE LEGISLATURE AND OTHER PUBLIC BODIES, AND BEFORE THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSURANCE PROGRAM - IIAW OFFERS SEVERAL TYPES OF INSURANCE TO ITS MEMBERS: ERRORS AND OMISSIONS, DATA BREACH AND EMPLOYMENT PRACTICES LIABILITY INSURANCE.
ANNUAL CONVENTION - IIAW HOLDS AN ANNUAL CONVENTION, INSURCON, WITH KEYNOTE SPEAKERS, PANELS, PRESENTERS, AND EXHIBITORS TO HELP PROMOTE MEMBER ACTIVITIES AND DISCUSS CHANGES TO THE INSURANCE INDUSTRY.
AGENT TRAINING - IIAW PROVIDES TRAININGS AND SEMINARS THROUGHOUT THE YEAR TO PROMOTE THE PROLIFERATION OF ETHICAL AND EDUCATIONAL DATA TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Arnoldy President | OfficerTrustee | 4 | $0 |
Mike Ansay President Elect | OfficerTrustee | 4 | $0 |
Joanne Lukas Szymaszek Secretary - Treasurer | OfficerTrustee | 4 | $0 |
Marc Petersen Chairman Of The Board | OfficerTrustee | 4 | $0 |
Steve Leitch State National Director | OfficerTrustee | 4 | $0 |
Janel Bazan Director | Trustee | 1 | $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 | $1,133,572 |
| Investment income | $49,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,948 |
| Net Gain/Loss on Asset Sales | $16,433 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,708,569 |
| 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. | $438,083 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,708 |
| Pension plan accruals and contributions | $43,017 |
| Other employee benefits | $29,044 |
| Payroll taxes | $48,905 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,586 |
| Fees for services: Accounting | $18,720 |
| Fees for services: Lobbying | $84,520 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,378 |
| Fees for services: Other | $7,641 |
| Advertising and promotion | $11,149 |
| Office expenses | $34,233 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,714 |
| Travel | $6,520 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $247,673 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,179 |
| Insurance | $18,883 |
| All other expenses | $16,228 |
| Total functional expenses | $1,680,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,305 |
| Savings and temporary cash investments | $159,059 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,765 |
| 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 | $72,791 |
| Net Land, buildings, and equipment | $208,271 |
| Investments—publicly traded securities | $1,484,464 |
| Investments—other securities | $441,374 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,591 |
| Total assets | $2,904,620 |
| Accounts payable and accrued expenses | $44,700 |
| Grants payable | $0 |
| Deferred revenue | $542,599 |
| 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 | $0 |
| Total liabilities | $587,299 |
| Net assets without donor restrictions | $2,317,321 |
| 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 | $2,904,620 |