Florida Association Of Public Insurance Adjusters Inc
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- Data as of
- 12/2022
- EIN
- 59-3256640
Organization Overview
Florida Association Of Public Insurance Adjusters Inc is located in Miami, FL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Association Of Public Insurance Adjusters 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 12/2022, Florida Association Of Public Insurance Adjusters Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $796.3k during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE THE PUBLIC INSURANCE ADJUSTERS OF THE STATE OF FLORIDA TO BETTER SERVE THE INTERESTS OF THE INSURED CITIZENRY OF THE STATE AND TO HELP FACILITATE THE EXPEDITIOUS AND PROPER HANDLING OF INSURANCE LOSSES AND CLAIMS. TO UNITE THE PUBLIC INSURANCE ADJUSTERS OF THE STATE OF FLORIDA FOR THEIR MUTUAL BENEFIT, EDUCATION AND PROTECTION, AS WELL AS TO PROTECT AND BENEFIT THE GENERAL PUBLIC. TO ESTABLISH AND MAINTAIN HIGH STANDARDS OF PROFESSIONAL CONDUCT AND EFFICIENCY AMONG ITS MEMBERS, AND TO STUDY AND ASSIST IN CARRYING OUT THE PROVISIONS OF ALL LAWS AND REGULATIONS PERTAINING TO PUBLIC INSURANCE ADJUSTERS THAT MAY BE ENACTED OR FORMULATED BY THE U.S. GOVERNMENT OR BY THE FLORIDA LEGISLATURE AND INSURANCE DEPARTMENT OF THE STATE OF FLORIDA. TO ADVANCE AND PROTECT THE INTERESTS OF ITS MEMBERS, TO PROMOTE THEIR WELFARE, AND TO ATTAIN A SPIRIT OF HELPFUL ASSISTANCE AND COOPERATION AMONG ITS MEMBERS. TO BECOME A SOURCE OF CONSULTATION REGARDING INDUSTRY ISSUES FOR THE FLORIDA DEPARTME
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZING THE PUBLIC INSURANCE ADJUSTERS OF THE STATE OF FLORIDA TO BETTER SERVE THE INTERESTS OF THE INSURED CITIZENRY OF THE STATE AND TO HELP FACILITATE THE EXPEDITIOUS AND PROPER HANDLING OF INSURANCE LOSSES AND CLAIMS.
ADVANCING AND PROTECTING THE INTERESTS OF ITS MEMBERS, TO PROMOTE THEIR WELFARE, AND TO ATTAIN A SPIRIT OF HELPFUL ASSISTANCE AND COOPERATION AMONG ITS MEMBERS. TO BECOME A SOURCE OF CONSULTATION REGARDING INDUSTRY ISSUES FOR THE FLORIDA DEPARTMENT OF INSURANCE.
UNITING THE PUBLIC INSURANCE ADJUSTERS OF THE STATE OF FLORIDA FOR THEIR MUTUAL BENEFIT, EDUCATION AND PROTECTION, AS WELL AS TO PROTECT AND BENEFIT THE INSURED CITIZENRY.
ESTABLISHING AND MAINTAINING HIGH STANDARDS OF PROFESSIONAL CONDUCT AND EFFICIENCY AMONG ITS MEMBERS, AND TO STUDY AND ASSIST IN CARRYING OUT THE PROVISIONS OF ALL LAWS AND REGULATIONS PERTAINING TO PUBLIC INSURANCE ADJUSTERS THAT MAY BE ENACTED OR FORMULATED BY THE U.S. GOVERNMENT OR BY THE FLORIDA LEGISLATURE AND INSURANCE DEPARTMENT OF THE STATE OF FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis Altieri Treasurer | OfficerTrustee | 5 | $0 |
Eyal Ben-Maier Director | Trustee | 2 | $0 |
Joshua Connor Director | Trustee | 2 | $0 |
Chris Cury Imm. Past Pr | Trustee | 2 | $0 |
Frank Lee Evans Director (fo | Trustee | 2 | $0 |
Wendi Gabriel Director | Trustee | 2 | $0 |
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 | $1,102,214 |
| Investment income | $856 |
| 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 | $1,103,070 |
| 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 | $221,763 |
| Fees for services: Legal | $77,135 |
| Fees for services: Accounting | $16,071 |
| Fees for services: Lobbying | $164,590 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $113,910 |
| Advertising and promotion | $20,038 |
| Office expenses | $13,060 |
| Information technology | $27,825 |
| Royalties | $0 |
| Occupancy | $12,020 |
| Travel | $12,258 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,941 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66 |
| Insurance | $5,433 |
| All other expenses | $2,861 |
| Total functional expenses | $796,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,267 |
| Savings and temporary cash investments | $1,013,655 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,248 |
| Total assets | $1,561,170 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,390 |
| 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 | $3,390 |
| Net assets without donor restrictions | $0 |
| 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 | $1,557,780 |
| Total liabilities and net assets/fund balances | $1,561,170 |