Independent Insurance Agents Of Dallas
- Assets
- $1.4m
- Revenue
- $1.0m
- Investments
- $1.1m
- Employees
- 5
- Location
- Dallas, TX
- Founding
- 07/1932
- Data as of
- 08/2023
- EIN
- 75-0224100
Organization Overview
Independent Insurance Agents Of Dallas is located in Dallas, TX. The organization was established in 1932. 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, Independent Insurance Agents Of Dallas employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Insurance Agents Of Dallas 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, Independent Insurance Agents Of Dallas generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $846.8k during the year ending 08/2023. While expenses have increased by 3.7% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVING AND STRENGTHENING INDEPENDENT INSURANCE AGENTS THROUGH EDUCATION, PREPETUTATION AND PROMOTION OF GOODWILL
Describe the Organization's Program Activity:
Part 3 - Line 4a
JIM MILLERMAN INSURANCE CONVENTION - THE INDEPENDENT INSURANCE AGENTS OF DALLAS PROVIDE SEMINARS AND SPEAKDERS ON TOPICS RELEVANT TO THE INSURANCE INDUSTRY
ORGANIZATION PROVIDES SCHOLARSHIP FUNDING FOR INSURANCE STUDENTS AT THE UNIVERSITY OF NORTH TEXAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Spicer Director Ies | Officer | 40 | $143,751 |
Jeff Breor Executive Director | OfficerTrustee | 0 | $71,077 |
Brandon Mccrary Director | Trustee | 2 | $0 |
Russell Luttrell Director | Trustee | 2 | $0 |
Allison Nixon Director | Trustee | 2 | $0 |
Sherri Fite Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $160,226 |
| 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 | $160,226 |
| Total Program Service Revenue | $392,734 |
| Investment income | $30,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $638 |
| Net Income from Fundraising Events | $109,271 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,037,191 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,000 |
| 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. | $137,667 |
| Compensation of current officers, directors, key employees. | $137,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,747 |
| Pension plan accruals and contributions | $2,589 |
| Other employee benefits | $19,402 |
| Payroll taxes | $25,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,826 |
| Fees for services: Accounting | $534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,461 |
| Office expenses | $5,980 |
| Information technology | $20,080 |
| Royalties | $0 |
| Occupancy | $76,737 |
| Travel | $3,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $187,855 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,673 |
| Insurance | $17,152 |
| All other expenses | $16,889 |
| Total functional expenses | $846,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,037 |
| 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 | $26,297 |
| Net Land, buildings, and equipment | $23,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,128,279 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,443,954 |
| Accounts payable and accrued expenses | $55,946 |
| 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 | $66,872 |
| Total liabilities | $122,818 |
| Net assets without donor restrictions | $1,321,136 |
| 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 | $1,443,954 |