Independent Insurance Agents And Brokers Of Arizona Inc is located in Phoenix, AZ. The organization was established in 1941. 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 10/2023, Independent Insurance Agents And Brokers Of Arizona Inc employed 7 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Independent Insurance Agents And Brokers Of Arizona 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 10/2023, Independent Insurance Agents And Brokers Of Arizona Inc generated $722.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $633.7k during the year ending 10/2023. While expenses have increased by 0.7% per year over the past 8 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
TO PROMOTE CIVIC, ALTRUISTIC AND SOCIAL WELFARE AMONG ITS MEMBERS, AS WELL AS TO INDOCTRINATE AND FOSTER SOUND, LEGITIMATE BUSINESS PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED CIVIC, ALTRUISTIC AND SOCIAL WELFARE AMONG ITS MEMBERS AS WELL AS INDOCTRINATED AND FOSTERED SOUND, LEGITIMATE INSURANCE AGENCY BUSINESS PRACTICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kimberly Adams Director | Trustee | 2 | $0 |
Jeffrey Cyr Director | Trustee | 2 | $0 |
Whitney Hoelzen President-El | OfficerTrustee | 2 | $0 |
Kelley Kimble Director | Trustee | 2 | $0 |
Teresa K Quale Director | Trustee | 2 | $0 |
Terri S Edwards Executive VP | Officer | 20 | $58,035 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $414,772 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $3,825 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $418,597 |
Total Program Service Revenue | $213,242 |
Investment income | $660 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $58,126 |
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 | $722,565 |
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. | $74,798 |
Compensation of current officers, directors, key employees. | $7,480 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $98,664 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $32,115 |
Payroll taxes | $13,431 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $10,021 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,011 |
Advertising and promotion | $701 |
Office expenses | $1,517 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $29,576 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $133,110 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $10,427 |
All other expenses | $42,449 |
Total functional expenses | $633,691 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $17,459 |
Savings and temporary cash investments | $149,200 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,401 |
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 | $16,349 |
Net Land, buildings, and equipment | $1,719 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,194,987 |
Total assets | $3,381,115 |
Accounts payable and accrued expenses | $9,196 |
Grants payable | $0 |
Deferred revenue | $29,762 |
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 | $38,958 |
Net assets without donor restrictions | $3,342,157 |
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 | $3,381,115 |