Independent Agents & Brokers Foundation Inc
- Assets
- $105.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Islip, NY
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 82-1087962
Organization Overview
Independent Agents & Brokers Foundation Inc is located in East Islip, NY. The organization was established in 2017. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Agents & Brokers Foundation 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, Independent Agents & Brokers Foundation Inc generated $106.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $55.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
RAISE 1,250,000 TO DEVELOP INSURANCE AND RISK MGT PROGRAM AT STONY BROOK UNIVERSITY OVER A PERIOD OF 10 YEARS.ALL EXPENSES INCURRED SO FAR IS TO ACHIEVE THIS GOAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Reiersen Director | 3 | $0 | |
Thomas J Crowley President | 3 | $0 | |
James D Sutton Treasurer | 3 | $0 | |
Peter Buccinna Director | 1 | $0 | |
Michael A Perrino Director | 1 | $0 | |
Michael A Romeo Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,500 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $26,526 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $115 |
| Other expenses | $3,675 |
| Total expenses | $55,316 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $105,824 |
| Other assets | $0 |
| Total assets | $105,824 |
| Total liabilities | $0 |
| Net assets or fund balances | $105,824 |
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|---|---|---|
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