National Association Of Benefits And Insurance Professionals Texas
- Assets
- $354.3k
- Revenue
- $404.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cranford, NJ
- Founding
- 07/1993
- Data as of
- 06/2023
- EIN
- 75-2486015
Organization Overview
National Association Of Benefits And Insurance Professionals Texas is located in Cranford, NJ. The organization was established in 1993. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Benefits And Insurance Professionals Texas 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 06/2023, National Association Of Benefits And Insurance Professionals Texas generated $404.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $357.9k during the year ending 06/2023. While expenses have increased by 0.4% per year over the past 4 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
THE OBJECTIVES OF THE ASSOCIATION SHALL BE:A. TO PLACE THE SALE AND SERVICE OF INSURANCE UPON THE HIGHEST POSSIBLE STANDARD.B. TO ADVANCE PUBLIC KNOWLEDGE FOR THE NEED AND BENEFIT OF THE INSURANCE INDUSTRY.C. TO PROVIDE AND, OR, PROMOTE CONTINUING EDUCATION, LEGISLATIVE ACTIVITY AND GUIDANCE, REGULATIONS, PRACTICES, AND SELF IMPROVEMENT WHICH IS IN THE BEST INTEREST OF THE INSURANCE INDUSTRY, THE PUBLIC, AND OUR MEMBERS.D. TO BE ACTIVE AS AN ASSOCIATION IN PUBLIC SERVICES AND TO ENCOURAGE ITS MEMBERS TO SUPPORT AND CONTRIBUTE TO COMMUNITY ACTIVITIES.E. TO PROMOTE THE CODE OF ETHICS OF THE NATIONAL ASSOCIATION OF HEALTH UNDERWRITERS (NAHU).F. TO PROMOTE THE COMMON BUSINESS INTEREST OF THOSE ENGAGED IN THE INSURANCE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL AND STATE SYMPOSIUMS ARE HELD TO PROVIDE A FORUM FOR INDUSTRY EDUCATION AND INFORMATION EXCHANGE. SEVERAL HUNDRED MEMBERS ATTEND THESE CONFERENCES.
A NEWSLETTER IS PUBLISHED TO PROMOTE THE EXCHANGE OF IDEAS, CONTACTS, CONTINUING EDUCATION, CURRENT DEVELOPMENTS IN THE INDUSTRY AND OTHER MATTERS OF INTEREST TO THE MEMBERS' PROFESSIONAL DEVELOPMENT.
DAY AT THE CAPITOL MEETING IS A HEALTH UNDERWRITERS' MEETING IN AUSTIN TO DISCUSS PENDING REGULATIONS PERTINENT TO THE INSURANCE INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nedra Clingan Immediate Past President | Trustee | 2 | $0 |
Krista Palmer President | OfficerTrustee | 10 | $0 |
Michael Ledgerwood President Elect | OfficerTrustee | 2 | $0 |
Stacy Cochran 1st Vice President | OfficerTrustee | 2 | $0 |
Scott Long 2nd Vice President | OfficerTrustee | 2 | $0 |
Jennifer Pleasants Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $146,810 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $156,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $303,610 |
| Total Program Service Revenue | $91,231 |
| Investment income | $6,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $28 |
| 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 | $404,346 |
| 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 | $60,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,631 |
| Fees for services: Lobbying | $95,983 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,000 |
| Office expenses | $444 |
| Information technology | $5,905 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,277 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,862 |
| All other expenses | $0 |
| Total functional expenses | $357,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,132 |
| 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 | $7,349 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $150,108 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $354,252 |
| Accounts payable and accrued expenses | $7,081 |
| Grants payable | $0 |
| Deferred revenue | $21,836 |
| 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 | $28,917 |
| Net assets without donor restrictions | $325,335 |
| 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 | $354,252 |