Independent Insurance Agents Of N Carolina Inc

Organization Overview

Independent Insurance Agents Of N Carolina Inc is located in Cary, NC. The organization was established in 1955. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Insurance Agents Of N Carolina 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 08/2021, Independent Insurance Agents Of N Carolina Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $3.0m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ASSOCIATION'S PURPOSE IS TO BE AN ADVOCATE FOR INDEPENDENT INSURANCE AGENTS IN NORTH CAROLINA AND TO SATISFY THE BUSINESS AND PROFESSIONAL NEEDS OF ITS MEMBERS BY PROVIDING EDUCATION AND INSURANCE PROGRAMS, INDUSTRY REPRESENTATION AND MEMBER SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ASSOCIATION OFFERS A VARIETY OF SERVICES TO ITS MEMBERS INCLUDING EDUCATION AND INSURANCE PROGRAMS, INDUSTRY REPRESENTATION, AND MEMBER SERVICES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $126,803
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$126,803
Total Program Service Revenue$3,021,890
Investment income $43,990
Tax Exempt Bond Proceeds $0
Royalties $256,501
Net Rental Income $0
Net Gain/Loss on Asset Sales $86,046
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,545,920

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Independent Insurance Agents Of N Carolina Inc has recieved totaling $402,009.

Awarding OrganizationAmount
Iianc Education Foundation Inc

Cary, NC

PURPOSE: SCHOLARSHIPS AND INSURANCE EDUCATION EVENTS.

$402,009
View Grant Recipient Profile

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