Professional Insurance Agents Association Of Virginia & Dc

Organization Overview

Professional Insurance Agents Association Of Virginia & Dc is located in Glen Allen, VA. The organization was established in 1964. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Professional Insurance Agents Association Of Virginia & DC employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Insurance Agents Association Of Virginia & DC 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 12/2022, Professional Insurance Agents Association Of Virginia & DC generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $978.9k during the year ending 12/2022. While expenses have increased by 1.5% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATION OF INSURANCE PROFESSIONALS

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL COURSES - EDUCATIONAL PROGRAMS & SEMINARS ARE HELD THROUGHOUT VIRGINIA & DC TO EDUCATE INSURANCE PROFESSIONALS AND TO STIMULATE INTEREST IN INSURANCE ISSUES.


CONVENTIONS - CONVENTIONS ARE HELD TO EDUCATE INSURANCE PROFESSIONALS AS WELL AS MAINTAIN THEIR HIGH STANDARDS IN DEALING WITH CLIENTS.


ADMINISTRATIVE FEES AND OTHER PROGRAMS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$131,112
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,067
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$142,179
Total Program Service Revenue$871,423
Investment income $871
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $39,709
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,054,211

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