National Association Of Insurance Women
- Assets
- $663.3k
- Revenue
- $416.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 06/1968
- Data as of
- 06/2021
- EIN
- 73-0678257
Organization Overview
National Association Of Insurance Women is located in Atlanta, GA. The organization was established in 1968. 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. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Association Of Insurance Women 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 06/2021, National Association Of Insurance Women generated $416.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $461.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NAIWS PURPOSE IS TO ENCOURAGE AND TO FOSTER EDUCATIONAL PROGRAMS DESIGNED TO BROADEN THE INSURANCE KNOWLEDGE OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAIW ACCOMPLISHED ITS PURPOSE WITH ACTIVITIES THAT ENCOURAGED AND FOSTERED EDUCATION PROGRAMS DESIGNED TO BROADEN THE INSURANCE KNOWLEDGE OF ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Wascher Secretary | Officer | 1 | $0 |
Geraldine Plott President Elect | Officer | 2 | $0 |
Lauri Oakden President | Officer | 2 | $0 |
Diane Martell Vice President | Officer | 2 | $0 |
Elizabeth Chitnis Executive Director | Officer | 20 | $0 |
Gayla Martin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $189,982 |
| 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 | $189,982 |
| Total Program Service Revenue | $168,640 |
| Investment income | $53,041 |
| 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 | -$1,158 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $416,354 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $297,069 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $3,071 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $583 |
| Office expenses | $6,381 |
| Information technology | $8,876 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,100 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,853 |
| Insurance | $14,315 |
| All other expenses | $0 |
| Total functional expenses | $461,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,532 |
| Savings and temporary cash investments | $6,915 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,279 |
| 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 | $2,831 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $520,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,867 |
| Other assets | $0 |
| Total assets | $663,265 |
| Accounts payable and accrued expenses | $115,486 |
| Grants payable | $0 |
| Deferred revenue | $145,575 |
| 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 | $0 |
| Total liabilities | $261,061 |
| Net assets without donor restrictions | $402,204 |
| 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 | $663,265 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Carolina Rate Bureau Raleigh, NC | $4,029,837 | $15,641,391 |
Florida Association Of Insurance Agents Tallahassee, FL | $18,623,782 | $7,878,406 |
League Of Southeastern Credit Unions Tallahassee, FL | $39,760,758 | $6,559,105 |
Insurance Accounting & Systems Association Inc Durham, NC | $1,485,537 | $2,339,018 |
Florida Insurance Council Inc Tallahassee, FL | $1,399,532 | $1,816,663 |
Aiken Board Of Realtors Inc Aiken, SC | $1,045,819 | $657,691 |
East Alabama Board Of Realtors Inc Phenix City, AL | $1,180,548 | $585,602 |
National Association Of Insurance Women Atlanta, GA | $663,265 | $416,354 |
Ceo Council Of Tampa Bay Inc Tampa, FL | $654,978 | $478,941 |
Cal-Lab Association Elkin, NC | $370,744 | $288,572 |
American Risk & Insurance Assn Inc Belleair Bluffs, FL | $1,120,789 | $313,453 |
Nc Dona Ltc Inc WinstonSalem, NC | $113,173 | $104,448 |