Independent Insurance Agents Association Of Montana Inc is located in Helena, MT. The organization was established in 1944. 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. As of 12/2021, Independent Insurance Agents Association Of Montana Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Insurance Agents Association Of Montana 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 12/2021, Independent Insurance Agents Association Of Montana Inc generated $342.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $327.7k during the year ending 12/2021. While expenses have increased by 3.0% 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
PROVIDE PRODUCTS AND SERVICES TO MEMBERS, PROVIDE LEGISLATIVE AND REGULATORY ADVOCACY, COMMUNICATE WITH MEMBERS IN REGARDS TO THE INSURANCE INDUSTRY AND DEVELOPMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE PRODUCTS AND SERVICES TO MEMBERS AND COMMUNICATION WITH MEMBERS AND ADVOCACY.
PROVIDE EDUCATIONAL CLASSES TO PROFESSIONALS OF THE INSURANCE INDUSTRY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kerri Emmons CEO | Officer | 10 | $67,087 |
Jodi Tierney President | OfficerTrustee | 1 | $0 |
Aaron Beard Vice President | OfficerTrustee | 1 | $0 |
Christine Campbell Secretary/treasurer | OfficerTrustee | 1 | $0 |
Heath Richman Director | Trustee | 1 | $0 |
Cassandra Cranston Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $105,794 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $118 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $105,912 |
Total Program Service Revenue | $61,737 |
Investment income | $22,776 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $16,576 |
Net Gain/Loss on Asset Sales | $24,116 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $342,717 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $100 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $67,087 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $69,367 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $5,041 |
Payroll taxes | $11,803 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,941 |
Fees for services: Lobbying | $10,654 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $5,513 |
Fees for services: Other | $360 |
Advertising and promotion | $0 |
Office expenses | $4,093 |
Information technology | $1,978 |
Royalties | $0 |
Occupancy | $0 |
Travel | $2,553 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,058 |
Interest | $0 |
Payments to affiliates | $32,519 |
Depreciation, depletion, and amortization | $7,721 |
Insurance | $25,176 |
All other expenses | $17,131 |
Total functional expenses | $327,709 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $16,477 |
Savings and temporary cash investments | $75,150 |
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 | $2,800 |
Net Land, buildings, and equipment | $403,187 |
Investments—publicly traded securities | $0 |
Investments—other securities | $869,648 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,367,262 |
Accounts payable and accrued expenses | $78,079 |
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 | $447 |
Total liabilities | $78,526 |
Net assets without donor restrictions | $1,288,736 |
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 | $1,367,262 |
Organization Name | Assets | Revenue |
---|---|---|
Independent Insurance Agents Of South Dakota Ft Pierre, SD | $988,411 | $686,215 |
Brookings Convention & Visitors Bureau Brookings, SD | $571,661 | $471,143 |
Independent Insurance Agents Association Of Montana Inc Helena, MT | $1,367,262 | $342,717 |
North Dakota Association Of Independent Insurance Agents Fargo, ND | $205,143 | $193,504 |
Pmaa State Executives Conference Bismarck, ND | $82,300 | $0 |
Association Of Wyoming Insurance Agents Inc Cheyenne, WY | $69,901 | $0 |