Professional Insurance Agents Of Wisconsin Inc
- Assets
- $2.7m
- Revenue
- $1.7m
- Investments
- $1.1m
- Employees
- 8
- Location
- Madison, WI
- Founding
- 09/1959
- Data as of
- 04/2022
- EIN
- 39-0962003
Organization Overview
Professional Insurance Agents Of Wisconsin Inc is located in Madison, WI. 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 04/2022, Professional Insurance Agents Of Wisconsin Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Insurance Agents Of Wisconsin 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 04/2022, Professional Insurance Agents Of Wisconsin Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.6m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AN ASSOCIATION REPRESENTING INDEPENDENT INSURANCE AGENCIES THAT WORKS TO SUPPORT INDEPENDENT AGENTS IN THEIR MISSION TO PROVIDE THE BEST KNOWLEDGE, SERVICE, AND INSURANCE PRODUCTS TO WISCONSIN CONSUMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL INSURANCE AGENTS OF WISCONSIN (PIAW) PROVIDES CONVENTIONS, SEMINARS, AND SCHOLARSHIPS TO PROMOTE THE PROLIFERATION OF ETHICAL AND EDUCATIONAL DATA TO ITS MEMBERS. DURING THE YEAR, 746 STUDENTS PARTICIPATED IN THE CERTIFIED INSURANCE COUNSELOR PROGRAM, 859 STUDENTS PARTICIPATED IN THE CERTIFIED INSURANCE SERVICE REPRESENTATIVE PROGRAM, AND 455 STUDENTS UTILIZED OTHER PIAW WEBINARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Hanson Executive Director | Officer | 40 | $134,726 |
Ryan Butzke President (from October) | OfficerTrustee | 2 | $0 |
Lacey Endres Treasurer (from October) | OfficerTrustee | 2 | $0 |
Jon Strom Secretary (from October) | OfficerTrustee | 2 | $0 |
Steve Clements Vice President (from October) | OfficerTrustee | 2 | $0 |
Julie Ulset Past President (from October) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $173,309 |
| 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 | $173,309 |
| Total Program Service Revenue | $956,313 |
| Investment income | $31,605 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $116,025 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,286 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,659,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $186,298 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $305,934 |
| Pension plan accruals and contributions | $8,688 |
| Other employee benefits | $54,080 |
| Payroll taxes | $36,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,534 |
| Fees for services: Lobbying | $3,159 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,258 |
| Fees for services: Other | $1,504 |
| Advertising and promotion | $11,296 |
| Office expenses | $52,305 |
| Information technology | $31,633 |
| Royalties | $0 |
| Occupancy | $47,571 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $579,561 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $520 |
| Insurance | $12,982 |
| All other expenses | $1,066 |
| Total functional expenses | $1,572,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $419,949 |
| Savings and temporary cash investments | $10,154 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,801 |
| 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 | $18,878 |
| Net Land, buildings, and equipment | $1,043 |
| Investments—publicly traded securities | $1,179,288 |
| Investments—other securities | $1,084,544 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,742,657 |
| Accounts payable and accrued expenses | $17,709 |
| Grants payable | $0 |
| Deferred revenue | $522,204 |
| 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 | $539,913 |
| Net assets without donor restrictions | $2,202,744 |
| 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 | $2,742,657 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ua Local 190 Health And Welfare Plan And Tr Bingham Farms, MI | $31,731,480 | $19,592,093 |
St Anthony's Med Cnt Prof & Gen Liab Milwaukee, WI | $0 | $2,384,132 |
Illinois Insurance Guaranty Fund Chicago, IL | $161,417,885 | $26,320,531 |
Healthalliance Benefit Plan Urbandale, IA | $4,354,956 | $14,851,406 |
Roofers Local 149 Security Benefit Trust Fund Troy, MI | $18,107,523 | $12,731,786 |
Clara Abbott Foundation Abbott Park, IL | $224,191,754 | $3,270,470 |
Line Clearance Contractors Health & Welfare Fund Lansing, MI | $38,290,226 | $13,603,170 |
Twin City Sprinkler Fitters Health Care Plan Minneapolis, MN | $17,391,884 | $12,071,213 |
Katten Muchin Rosenman Llp Employees Welfare Benefit Plan Tr Chicago, IL | $4,093,448 | $12,724,208 |
Nonprofit Insurance Trust Lakeville, MN | $40,064,568 | $18,458,548 |
Komatsu America Corp Retiree Welfare Noncollectively Bargained Chicago, IL | $37,989,668 | $6,516,658 |
Buddig Employees Welfare Benefit Plan And Trust Homewood, IL | $1,411,169 | $11,307,142 |