Utah Association Of Independent Insurance Agents is located in West Valley City, UT. The organization was established in 1946. 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, Utah Association Of Independent Insurance Agents employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah Association Of Independent Insurance Agents 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, Utah Association Of Independent Insurance Agents generated $611.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $537.6k during the year ending 12/2021. While expenses have increased by 6.7% 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
BUSINESS ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS SUPPORT
EDUCATIONAL SEMINARS - PROVIDED CONTINUING PROFESSIONAL EDUCATION TO MEMBERS.
NETWORKING AND SUPPORT GROUP FOR INDEPENDANT INSURANCE AGENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Matthew D Child CEO | Officer | $180,000 | |
Matt Wood President | OfficerTrustee | $0 | |
Telden Wiseman President El | OfficerTrustee | $0 | |
Jon Jepsen Treasurer | OfficerTrustee | $0 | |
Shah Brionez Past Preside | Trustee | $0 | |
Craig Timothy Pia Rep | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
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 | $0 |
Total Program Service Revenue | $544,896 |
Investment income | $46,298 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $19,352 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $443 |
Miscellaneous Revenue | $0 |
Total Revenue | $610,989 |
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. | $198,300 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $86,563 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $19,281 |
Payroll taxes | $17,652 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,364 |
Fees for services: Lobbying | $15,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $4,677 |
Office expenses | $13,798 |
Information technology | $4,922 |
Royalties | $0 |
Occupancy | $14,748 |
Travel | $8,406 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $41,363 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,565 |
Insurance | $0 |
All other expenses | $23,649 |
Total functional expenses | $537,568 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $764,005 |
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 | $500 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $105,750 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $870,255 |
Accounts payable and accrued expenses | $140,662 |
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 | $0 |
Total liabilities | $140,662 |
Net assets without donor restrictions | $729,593 |
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 | $870,255 |
Over the last fiscal year, we have identified 1 grants that Utah Association Of Independent Insurance Agents has recieved totaling $28,500.
Awarding Organization | Amount |
---|---|
Trusted Choice Inc Alexandria, VA PURPOSE: ADVERTISING & RECRUITING | $28,500 |
Organization Name | Assets | Revenue |
---|---|---|
New Mexico Association Of Counties Santa Fe, NM | $7,716,712 | $6,705,906 |
Nevada Surplus Lines Association Inc Reno, NV | $3,045,218 | $2,380,303 |
Surplus Line Association Of Arizona Scottsdale, AZ | $1,152,985 | $2,079,494 |
Independent Insurance Agents And Brokers Of Arizona Inc Phoenix, AZ | $3,206,496 | $764,205 |
Utah Association Of Independent Insurance Agents West Valley City, UT | $870,255 | $610,989 |
Sierra Nevada Realtors Carson City, NV | $991,354 | $317,792 |
State Of Utah Chiefs Of Police Association Ogden, UT | $200,965 | $258,847 |
Flowering Hope Foundation Boulder, CO | $3,621 | $190,658 |
Health Care Executive Group Inc Draper, UT | $75,485 | $135,500 |
Executives Association Of Greater Phoenix Gilbert, AZ | $33,560 | $0 |
Tucson Commercial Real Estate Women Inc Tucson, AZ | $112,933 | $0 |
Elite Catering & Event Professionals Phoenix, AZ | $100,582 | $0 |