Professional Insurance Agents Of Louisiana Inc
- Assets
- $663.8k
- Revenue
- $724.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Baton Rouge, LA
- Founding
- 10/1949
- Data as of
- 08/2023
- EIN
- 72-0433572
Organization Overview
Professional Insurance Agents Of Louisiana Inc is located in Baton Rouge, LA. The organization was established in 1949. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 08/2023, Professional Insurance Agents Of Louisiana Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Insurance Agents 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 08/2023, Professional Insurance Agents Of Louisiana Inc generated $724.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $706.4k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE NEEDS OF THE INSURANCE AGENTS IN LOUISIANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OFFERS AN ANNUAL CONVENTION WHERE MEMBERS CAN ATTEND SEMINARS, VISIT EXHIBITORS, AND CONVERSE WITH FELLOW INSURANCE AGENTS. IT IS ESTIMATED THAT IN EXCESS OF 250 MEMBERS ATTEND THE CONVENTION ANNUALLY.
THE ORGANIZATION OFFERS DIVERSE AND COMPREHENSIVE CURRICULUM INCLUDING TECHNICAL, MANAGEMENT SALES, AND FINANCIAL SUBJECT MATTER. THE MAJORITY OF THE PROGRAMS ARE ACCEPTABLE FOR CONTINUING PROFESSIONAL EDUCATION (CPE). APPROXIMATELY 1,200 PEOPLE BENEFIT FROM THESE PROGRAMS ANNUALLY.
THE ORGANIZATION PROVIDES AND MAINTAINS A SET OF GROUP INSURANCE PROGRAMS. PARTICIPATION IN THESE PLANS IS OPEN TO ALL MEMBERS. LEGAL SERVICES PROGRAMS ARE ALSO PROVIDED FOR PARTICIPATING MEMBERS. APPROXIMATELY 200 AGENCIES PARTICIPATE IN THESE PROGRAMS EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danette Castello President El | Trustee | 1 | $0 |
Guy Chabert Director | Trustee | 1 | $0 |
Jennifer Clements Director | Trustee | 1 | $0 |
Ryan Daul President | OfficerTrustee | 1 | $0 |
Sherry Flanagan Director | Trustee | 1 | $0 |
Danielle Gendusa-Wagner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $141,772 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,367 |
| Total Program Service Revenue | $468,001 |
| Investment income | $8 |
| 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 | $723,970 |
| 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 | $241,574 |
| Pension plan accruals and contributions | $6,761 |
| Other employee benefits | $22,626 |
| Payroll taxes | $18,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,319 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $63,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,195 |
| Travel | $7,474 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124,258 |
| Interest | $6,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,304 |
| Insurance | $25,782 |
| All other expenses | $20,797 |
| Total functional expenses | $706,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $285,401 |
| Savings and temporary cash investments | $15,816 |
| 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 | $279 |
| Net Land, buildings, and equipment | $352,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $663,832 |
| Accounts payable and accrued expenses | $0 |
| 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 | $154,339 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $154,339 |
| Net assets without donor restrictions | $509,493 |
| 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 | $663,832 |