Independent Insurance Agents Of Mississippi

Organization Overview

Independent Insurance Agents Of Mississippi is located in Flowood, MS. The organization was established in 1942. 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 08/2023, Independent Insurance Agents Of Mississippi employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Insurance Agents Of Mississippi 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 08/2023, Independent Insurance Agents Of Mississippi generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.3m during the year ending 08/2023. While expenses have increased by 1.4% 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO BE AN ADVOCATE FOR INSURANCE AGENTS AND PROVIDE MEMBERS A COMPETITIVE ADVANTAGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INDEPENDENT INSURANCE AGENTS OF MISSISSIPPI, INC. (IIAM) MEMBERSHIP INCLUDES INDEPENDENT INSURANCE AGENCIES LOCATED THROUGHOUT THE STATE. INDEPENDENT INSURANCE AGENTS PROVIDE CUSTOMERS WITH A CHOICE OF POLICIES FROM A VARIETY OF INSURANCE COMPANIES AND OFFER MULTIPLE LINES OF INSURANCE, INCLUDING PROPERTY, CASUALTY, LIFE, HEALTH, EMPLOYEE BENEFIT PLANS AND RETIREMENT PRODUCTS. IIAM HAS DISTINGUISHED ITSELF, AND IS RECOGNIZED NATIONALLY, FOR ITS ACCOMPLISHMENTS IN STATE AND NATIONAL GOVERNMENT AFFAIRS, PUBLIC RELATIONS, COMMUNICATIONS, AND EDUCATION. IIAM PROVIDES ACTIVITIES FOR THEIR MEMBERS SUCH AS AN ANNUAL CONVENTION AND TRADE SHOW, AGENCY MANAGEMENT CONFERENCE AND YOUNG AGENTS FUNCTIONS EACH YEAR. THE ORGANIZATION PROVIDES MEMBER SERVICES, CONTINUING EDUCATION AND COMMUNICATION OF RELEVANT INFORMATION TO INDEPENDENT AGENTS THROUGH SEMINARS, WORKSHOPS, TECHNICAL SUPPORT, A MAGAZINE, AND NEWSLETTERS.


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Board, Officers & Key Employees

Name (title)Compensation
Amy Smith
Chairman
$0
Brad Britt
Board Member
$0
Chris Rhett
Board Member
$0
Cyndi Tullos
Board Member
$0
Durr Boyles
Treasurer
$0
Ed Robinson
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$348,789
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$348,789
Total Program Service Revenue$819,626
Investment income $100,990
Tax Exempt Bond Proceeds $0
Royalties $139,562
Net Rental Income $467
Net Gain/Loss on Asset Sales -$74,319
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,343,725

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