Personal Insurance Federation Of California
- Assets
- $2.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Sacramento, CA
- Founding
- 01/1990
- Data as of
- 12/2022
- EIN
- 68-0189516
Organization Overview
Personal Insurance Federation Of California is located in Sacramento, CA. The organization was established in 1990. 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. As of 12/2022, Personal Insurance Federation Of California employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Personal Insurance Federation Of California 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, Personal Insurance Federation Of California generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Personal Insurance Federation Of California has awarded 11 individual grants totaling $123,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT THE INTERESTS OF BUYERS AND SELLERS OF PERSONAL INSURANCE THROUGH REGULATORY AND LEGISLATIVE ADVOCACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINED AN ACTIVE REGULATORY AND LEGISLATIVE REPRESENTATION PROGRAM FOR ITEMS PERTAINING TO THE PERSONAL INSURANCE INDUSTRY.
THE ORGANIZATION MAINTAINED AN ACTIVE REGULATORY AND LEGISLATIVE REPRESENTATION PROGRAM FOR ITEMS PERTAINING TO THE PERSONAL INSURANCE INDUSTRY.
THE ORGANIZATION CONDUCTED AN ANNUAL ROUNDTABLE AND SEMINARS ON TOPICS OF INTEREST TO ITS MEMBERSHIP.
THE ORGANIZATION CONDUCTED AN ANNUAL ROUNDTABLE AND SEMINARS ON TOPICS OF INTEREST TO ITS MEMBERSHIP.
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 |
|---|---|---|---|
Rex Frazier President | Officer | 40 | $373,400 |
Theo Bell Chair | OfficerTrustee | $0 | |
David Grow Vice Chair | OfficerTrustee | $0 | |
Anne Saxon Treasurer | OfficerTrustee | $0 | |
Jeff Sauls Secretary | OfficerTrustee | $0 | |
William Lynch Member At La | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cda Rotunda Partners Llc Facility Servic | 12/30/22 | $172,428 |
Wilson Public Affairs Inc Public Affairs | 12/30/22 | $165,460 |
Wilson Public Affairs Inc Public Affairs | 12/30/22 | $165,460 |
Cda Rotunda Partners Llc Facility Servic | 12/30/22 | $172,428 |
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 | $2,012,307 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,427 |
| 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 | $2,070,734 |
| 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. | $784,855 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $350,020 |
| Pension plan accruals and contributions | $226,280 |
| Other employee benefits | $66,074 |
| Payroll taxes | $66,604 |
| Fees for services: Management | $64,208 |
| Fees for services: Legal | $14,270 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $39,996 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,065 |
| Advertising and promotion | $0 |
| Office expenses | $20,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $163,219 |
| Travel | $20,965 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,148 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,304 |
| Insurance | $11,554 |
| All other expenses | $14,295 |
| Total functional expenses | $2,149,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $966,041 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$58,330 |
| 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 | $5,796 |
| Net Land, buildings, and equipment | $14,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,056,346 |
| Total assets | $1,984,292 |
| Accounts payable and accrued expenses | $153,576 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,056,347 |
| Total liabilities | $1,209,923 |
| 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 | $774,369 |
| Total liabilities and net assets/fund balances | $1,984,292 |
Grants Awarded
Over the last fiscal year, Personal Insurance Federation Of California has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ANAHUAK YOUTH SPORTS PURPOSE: DONATION | $10,000 |
CIVIL JUSTICE ASSOCIATION OF CALIF PURPOSE: DONATION | $10,000 |
AMERICAN PROPERTY CASUALTYINSURANCE ASSOCIATION PURPOSE: CONTRIBUTION | $10,000 |