Academy Of Producer Insurance Studies Inc is located in Austin, TX. The organization was established in 1983. According to its NTEE Classification (V03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Social Science and related organizations. As of 12/2021, Academy Of Producer Insurance Studies Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Academy Of Producer Insurance Studies Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Academy Of Producer Insurance Studies Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $618.9k during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ACADEMY CONDUCTS RESEARCH IN ORDER TO RAISE AWARENESS, UNDERSTANDING, AND EFFECTIVENESS OF INSURANCE PRODUCERS AND RISK MANAGEMENT PRACTITIONERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSURANCE INDUSTRY RESEARCH PUBLICATION SALES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William J Hold MBA CRM Cisr Chief Executive Officer/president | OfficerTrustee | 5 | $476,116 |
William T Hold Executive Chairman | OfficerTrustee | 5 | $363,959 |
Mitch Dunford Chief Marketing & Content Officer | OfficerTrustee | 5 | $285,698 |
Alex Lekhaj Chief Information | OfficerTrustee | 5 | $283,856 |
Danielle D Janecka Chief Experience Officer | Officer | 5 | $178,680 |
Michelle D Haynes CPA Treasurer | Officer | 5 | $103,288 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $734,096 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,289,988 |
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 | $2,024,084 |
Total Program Service Revenue | $76,886 |
Investment income | $0 |
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 | $2,100,970 |
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 | $7,701,695 |
Pension plan accruals and contributions | $202,509 |
Other employee benefits | $792,129 |
Payroll taxes | $717,374 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $8,451 |
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 | $0 |
Information technology | $0 |
Royalties | $25,406 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,103 |
Interest | $5,516 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,407 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $618,937 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $49 |
Savings and temporary cash investments | $85,257 |
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 | $52,007 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,503,427 |
Total assets | $3,640,740 |
Accounts payable and accrued expenses | $845,711 |
Grants payable | $0 |
Deferred revenue | $426,805 |
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 | $3,264 |
Total liabilities | $1,275,780 |
Net assets without donor restrictions | $2,364,960 |
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 | $3,640,740 |
Over the last fiscal year, we have identified 1 grants that Academy Of Producer Insurance Studies Inc has recieved totaling $25,000.
Awarding Organization | Amount |
---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $25,000 |
Beg. Balance | $27,136 |
Ending Balance | $27,136 |
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