National Association Of Insurance And Financial Advisors-Mn Inc
- Assets
- $110.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Falls, IA
- Founding
- 05/1973
- Data as of
- 12/2021
- EIN
- 41-0775829
Organization Overview
National Association Of Insurance And Financial Advisors-Mn Inc is located in Cedar Falls, IA. The organization was established in 1973. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Association Of Insurance And Financial Advisors-Mn 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 12/2021, National Association Of Insurance And Financial Advisors-Mn Inc generated $122.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $130.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.9%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NAIFA PROTECTS AND PROMOTES THE VALUE OF THE INSURANCE AND FINANCIAL ADVISOR THROUGH INDUSTRY BEST PRACTICES IN ADVOCACY, BUSINESS BUILDING, CONTINUING EDUCATION, CONNECTIONS AND ETHICAL PRACTICE.
Describe the Organization's Program Activity:
Part 3
INSURANCE SERVICES- ASSIST MEMBERSHIP WITH THE PURHCASE OF ERRORS AND OMMISSIONS INSURANCE.
EDUCATIONAL CLASSES- SEMINARS ON TOPICS RELEVANT TO THE LIFE INSURANCE INDUSTRY(CHANGES IN REGULATIONS & ISSUES)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Haberman President Elect | 2 | $0 | |
Brian Fleming Secretary | 2 | $0 | |
Allison Kraus President | 4 | $0 | |
Rob Landgraf Past President | 2 | $0 | |
Drew Dewitt VP Programs | 2 | $0 | |
Corey Anderson VP Advocacy | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,048 |
| Total Program Service Revenue | $8,700 |
| Membership dues | $111,884 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $446 |
| Total Revenue | $122,078 |
| 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 | $118,300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $172 |
| Other expenses | $12,302 |
| Total expenses | $130,774 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,289 |
| Other assets | $0 |
| Total assets | $110,595 |
| Total liabilities | $44,273 |
| Net assets or fund balances | $66,322 |
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