Association Of Home Office Underwriters
- Assets
- $1.1m
- Revenue
- $594.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 52-2305267
Organization Overview
Association Of Home Office Underwriters is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association Of Home Office Underwriters 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, Association Of Home Office Underwriters generated $594.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $444.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENCOURAGE NETWORKING, CONTINUED EDUCATION AND PROFESSIONAL DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEDICATING ITSELF TO THE SHARING OF INFORMATION AND PROMOTION OF CONNECTIVITY ACROSS THE INDUSTRY WITH THE GOAL TO REACH AS MANY INSURANCE PROFESSIONALS RESPONSIBLE FOR RISK ASSESSMENT. AHOU HAS APPROXIMATLEY 2,100 MEMBERS. IN ADDITION, AHOU ORGANIZES AND DIRECTS AN ANNUAL CONFERENCE WHICH ADDRESSES THE MAJOR AREAS OF RISK SELECTION WITHIN THE LIFE, HEALTH, AND LIVING BENEFITS INSURANCE INDUSTRY AND ENCOURAGES THE EXCHANGE OF VIEWS AND OPINIONS AMONG ITS MEMBERS. AHOU ALSO HAS AN EDUCATIONAL PROGRAM OF PODCASTS AND WEBINARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Goshorn President | OfficerTrustee | 5 | $0 |
Scott Corbett Past President | OfficerTrustee | 5 | $0 |
Joel Jones Treasurer | OfficerTrustee | 5 | $0 |
Jennifer Johnson Vice President | OfficerTrustee | 5 | $0 |
Carrie Hoffman Executive Director | Officer | 40 | $0 |
Dan Drabik Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Association Management Strategies Mgmt Services | 12/30/19 | $140,070 |
Hyatt Regency New Orleans Conferences | 12/30/19 | $506,137 |
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 | $594,677 |
| Investment income | $122 |
| 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 | $594,799 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $100,000 |
| Fees for services: Legal | $1,635 |
| Fees for services: Accounting | $11,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,440 |
| Advertising and promotion | $1,103 |
| Office expenses | $1,345 |
| Information technology | $17,799 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $248,745 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,416 |
| All other expenses | $0 |
| Total functional expenses | $444,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,862 |
| Savings and temporary cash investments | $1,069,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,075 |
| 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 | $48,987 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,140,859 |
| Accounts payable and accrued expenses | $22,828 |
| Grants payable | $0 |
| Deferred revenue | $268,725 |
| 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 | $291,553 |
| Net assets without donor restrictions | $849,306 |
| 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 | $1,140,859 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American College Of Trust And Estate Counsel Inc Washington, DC | $7,291,426 | $5,965,924 |
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Leadership Council On Legal Diversity Inc Richmond, VA | $7,023,795 | $4,176,806 |
Greater Washington Board Of Trade Washington, DC | $1,928,129 | $2,840,463 |
Association Of Clinical Research Organizations Washington, DC | $2,656,292 | $2,241,906 |
Styrene Information And Research Center Inc Towson, MD | $1,447,485 | $1,359,270 |
Payments Leadership Association Washington, DC | $534,883 | $1,750,000 |
Revenue Based Finance Coalition Inc Potomac Falls, VA | $56,846 | $1,351,233 |
Construction Industry Round Table Inc Mc Lean, VA | $1,218,040 | $1,218,712 |
National Homeland Security Association Inc Falls Church, VA | $416,677 | $981,390 |
Maryland Automobile Dealers Association Inc Annapolis, MD | $5,415,430 | $303,685 |
Native American Contractors Association Washington, DC | $646,403 | $725,787 |