Independent Insurance Agents Of South Dakota is located in Ft Pierre, SD. The organization was established in 1974. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Independent Insurance Agents Of South Dakota employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Insurance Agents Of South Dakota 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, Independent Insurance Agents Of South Dakota generated $686.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $832.6k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND SUPPORT SOUND PRINCIPLES IN THE TRANSACTION OF THE BUSINESS OF INSURANCE, PROMOTE AND ENCOURAGE CONFIDENCE AND GOODWILL AMONG ITS MEMBERS, MAINTAIN A HIGH STANDARD OF INTEGRITY AND SERVICE IN SUCH INSURANCE BUSINESS, AND PROMOTE AND SUPPORT GOOD PUBLIC RELATIONS WITH INSURANCE COMPANIES AND THE INSURANCE BUYING PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND SUPPORT SOUND PRINCIPLES IN THE TRANSACTION OF THE BUSINESS OF INSURANCE, PROMOTE AND ENCOURAGE CONFIDENCE AND GOODWILL AMONG ITS MEMBERS, MAINTAIN A HIGH STANDARD OF INTEGRITY AND SERVICE IN SUCH INSURANCE BUSINESS, AND PROMOTE AND SUPPORT GOOD PUBLIC RELATIONS WITH INSURANCE COMPANIES AND THE INSURANCE BUYING PUBLIC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carolyn Hofer Executive VP | Officer | 40 | $112,337 |
Michael Chrysler Executive Di | Officer | 40 | $77,500 |
Dan Maguire Iiaba Nat'l | OfficerTrustee | 1 | $0 |
John Meyen Past Preside | OfficerTrustee | 1 | $0 |
Elizabeth Nepodal Secretary-Tr | OfficerTrustee | 1 | $0 |
Eric Payne Vice Preside | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $171,324 |
Fundraising events | $0 |
Related organizations | $39,987 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $146,500 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $357,811 |
Total Program Service Revenue | $319,250 |
Investment income | $9,154 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $686,215 |
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. | $189,837 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $125,915 |
Pension plan accruals and contributions | $6,985 |
Other employee benefits | $1,868 |
Payroll taxes | $24,323 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,702 |
Fees for services: Lobbying | $47,841 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $117,999 |
Office expenses | $2,773 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $40,626 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $124,824 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,433 |
Insurance | $13,326 |
All other expenses | $13,188 |
Total functional expenses | $832,644 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $168,523 |
Savings and temporary cash investments | $499,056 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Net Land, buildings, and equipment | $286,632 |
Investments—publicly traded securities | $0 |
Investments—other securities | $34,200 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $988,411 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Net assets without donor restrictions | $988,411 |
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 | $988,411 |
Over the last fiscal year, we have identified 1 grants that Independent Insurance Agents Of South Dakota has recieved totaling $24,838.
Awarding Organization | Amount |
---|---|
Trusted Choice Inc Alexandria, VA PURPOSE: ADVERTISING & RECRUITING | $24,838 |
Organization Name | Assets | Revenue |
---|---|---|
Minnesota Insurance Guaranty Association Edina, MN | $187,413,257 | $18,086,231 |
Minnesota Workers Compensation Insurers Association Inc Minneapolis, MN | $5,175,183 | $7,886,561 |
Professional Liability Underwriting Society Minneapolis, MN | $7,512,109 | $4,853,702 |
Independent Insurance Agents Of South Dakota Ft Pierre, SD | $988,411 | $686,215 |
Brookings Convention & Visitors Bureau Brookings, SD | $571,661 | $471,143 |
Soy Aquaculture Alliance Inc Ankeny, IA | $540,903 | $433,856 |
Mutual Insurance Association Of Iowa Janesville, IA | $697,921 | $349,100 |
Independent Insurance Agents Association Of Montana Inc Helena, MT | $1,367,262 | $342,717 |
North Dakota Association Of Independent Insurance Agents Fargo, ND | $205,143 | $193,504 |
Nebraska Aviation Trades Assn Milford, NE | $256,661 | $0 |
National Association Of Insurance And Financial Advisors-Ohio Cedar Falls, IA | $137,390 | $0 |
American Institute Of Professional Association Group Insurance Admini Minneapolis, MN | $136,076 | $0 |