Insurance Alliance Of Michigan
- Assets
- $919.6k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Lansing, MI
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 61-1443133
Organization Overview
Insurance Alliance Of Michigan is located in Lansing, MI. The organization was established in 2003. 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 12/2021, Insurance Alliance Of Michigan employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Insurance Alliance Of Michigan 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, Insurance Alliance Of Michigan generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 7.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENTING PROPERTY AND CASUALTY INSURANCE COMPANIES THAT DO BUSINESS IN MICHIGAN ON MATTERS OF LEGISLATIVE AND REGULATORY CONCERN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTATION OF MEMBERSHIP REGARDING LEGISLATIVE AND REGULATORY MATTERS IN MICHIGAN. ORGNIZATION ALSO HELPS THE PUBLIC GET A BETTER UNDERSTANDING OF INSURANCE PRINCIPLES THROUGH PUBLIC RELATIONS AND PUBLIC EDUCATION PROGRAMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Mcdonough Executive Di | Officer | 40 | $204,100 |
Dyck Van Koevering General Coun | 40 | $148,317 | |
Natalie Brunson-Wheeler Board Chair | OfficerTrustee | 1 | $0 |
Rob Anderson Board Member | Trustee | 1 | $0 |
Heather Drake Board Member | Trustee | 1 | $0 |
Lisa Lowe Board Member | Trustee | 1 | $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 | $1,656,871 |
| Investment income | $1,424 |
| 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 | $1,674,081 |
| 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 | $428,550 |
| Pension plan accruals and contributions | $41,648 |
| Other employee benefits | $72,783 |
| Payroll taxes | $32,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,601 |
| Fees for services: Accounting | $17,058 |
| Fees for services: Lobbying | $170,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,390 |
| Advertising and promotion | $1,500 |
| Office expenses | $8,040 |
| Information technology | $17,837 |
| Royalties | $0 |
| Occupancy | $52,896 |
| Travel | $39,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,706 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99 |
| Insurance | $12,521 |
| All other expenses | $0 |
| Total functional expenses | $1,700,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,041 |
| Savings and temporary cash investments | $594,687 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,460 |
| 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 | $5,300 |
| Net Land, buildings, and equipment | $148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $919,636 |
| Accounts payable and accrued expenses | $13,427 |
| Grants payable | $0 |
| Deferred revenue | $286,813 |
| 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 | $17,976 |
| Total liabilities | $318,216 |
| Net assets without donor restrictions | $601,420 |
| 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 | $919,636 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Insurance Alliance Of Michigan has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
American Property Casualty Insurance Association Chicago, IL PURPOSE: Gen support for org stated IRS purpose. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dane Buy Local Foundation Inc Madison, WI | $199,958 | $19,130,759 |
Leap Lansing, MI | $5,631,252 | $15,493,708 |
Greater Cleveland Partnership Cleveland, OH | $36,035,820 | $14,402,868 |
Board Of Certified Safety Professionals Of The Americas Inc Indianapolis, IN | $35,079,358 | $17,695,377 |
Asqexcellence Inc Milwaukee, WI | $6,648,120 | $11,915,494 |
The Right Place Inc Grand Rapids, MI | $10,135,241 | $14,178,677 |
Central Indiana Corporate Partnership Inc Indianapolis, IN | $8,694,724 | $11,696,503 |
Automotive Industry Action Group Southfield, MI | $14,204,782 | $10,849,803 |
National Association Of Tax Professionals Inc Appleton, WI | $15,322,195 | $11,606,289 |
Detroit Regional Chamber Foundation Inc Detroit, MI | $6,324,468 | $12,985,195 |
Detroit Regional Chamber Detroit, MI | $15,593,687 | $11,203,489 |
Custom Electronic Design & Installation Association Fishers, IN | $40,806,745 | $4,400,829 |