Independent Insurance Agents And Brokers Of Louisiana Inc

Organization Overview

Independent Insurance Agents And Brokers Of Louisiana Inc is located in Baton Rouge, LA. The organization was established in 1936. 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 06/2022, Independent Insurance Agents And Brokers Of Louisiana Inc employed 8 individuals. This organization is the central organization for a national or regional group of organizations. Independent Insurance Agents And Brokers Of Louisiana 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 06/2022, Independent Insurance Agents And Brokers Of Louisiana Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE INDEPENDENT INSURANCE AGENTS & BROKERS OF LOUISIANA, WORKING IN THE PUBLIC INTEREST, IS TO BE THE UNRELENTING ADVOCATE FOR INDEPENDENT INSURANCE AGENTS AND TO MEET THE EDUCATION, POLITICAL, AND BUSINESS NEEDS OF IIABL MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ANNUAL CONVENTION, CONFERENCES, AND EDUCATIONAL SERVICES WHICH PROVIDE MEMBER INSURANCE AGENCIES WITH THE TRAINING THEY NEED TO OPERATE THEIR BUSINESSES AND IMPROVE THE PROFESSIONALISM OF THEIR STAFF.


WEBSITE RESOURCES, NEWSLETTERS, TECHNICAL ADVISORIES AND OTHER INFORMATION PUBLICATIONS NECESSARY FOR THE PROPER OPERATION AND MANAGEMENT OF MEMBER INSURANCE AGENCIES.


REPRESENTATION OF MEMBER INSURANCE AGENCIES WITH LEGISLATIVE, REGULATORY, INDUSTRY AND CONSUMER GROUPS ON VARIOUS MATTERS OF INTEREST AND BENEFIT TO MEMBERS.


EDUCATIONAL PROGRAMS-TO PROVIDE MEMBER AGENTS WITH EDUCATIONAL TRAINING AND INFORMATION TO FURTHER PROMOTE THEIR INTERNAL MANAGEMENT AND PROFITABILITY IN THE INDUSTRY AND IMPROVE PROFESSIONALISM.


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Board, Officers & Key Employees

Name (title)Compensation
Jeff Albright
Chief Executive Officer
$160,638
Ben Albright
Vice President
$69,690
Donelson Stiel
President
$0
Brenda Case CIC
Past President
$0
John L Beckmann III
State National Director
$0
Ross Henry
Executive Committee Member
$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$941,214
Investment income $118,697
Tax Exempt Bond Proceeds $0
Royalties $432,033
Net Rental Income $0
Net Gain/Loss on Asset Sales $258,985
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,762,629

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Independent Insurance Agents And Brokers Of Louisiana Inc has recieved totaling $32,500.

Awarding OrganizationAmount
Trusted Choice Inc

Alexandria, VA

PURPOSE: ADVERTISING & RECRUITING

$32,500
View Grant Recipient Profile

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