Nevada Independent Insurance Agents
- Assets
- $465.7k
- Revenue
- $417.1k
- Investments
- $10.0k
- Employees
- 1
- Location
- Henderson, NV
- Founding
- 05/1970
- Data as of
- 06/2022
- EIN
- 88-0072961
Organization Overview
Nevada Independent Insurance Agents is located in Henderson, NV. The organization was established in 1970. 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. Nevada 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 06/2022, Nevada Independent Insurance Agents generated $417.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $384.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 6 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INFORMATION AND EDUCATION FOR THE INSURANCE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTION AND TRADESHOW
EDUCATION PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Heuer Past President | Trustee | 1 | $0 |
Jana Foster Legislative Chair | Trustee | 1 | $0 |
Jennifer Fryer Insurpac/nipac Chair | Trustee | 1 | $0 |
Mark Swarts National State Director | Trustee | 1 | $0 |
Quincy Branch President | Trustee | 1 | $0 |
Steve Wilkins President Elect | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $178,932 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,767 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,699 |
| Total Program Service Revenue | $148,681 |
| Investment income | $116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $100 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $417,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| 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 | $120,704 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,944 |
| Payroll taxes | $10,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $550 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,265 |
| Fees for services: Other | $0 |
| Advertising and promotion | $937 |
| Office expenses | $9,550 |
| Information technology | $5,850 |
| Royalties | $0 |
| Occupancy | $3,850 |
| Travel | $582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $173,087 |
| Interest | $258 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,761 |
| All other expenses | $1,595 |
| Total functional expenses | $384,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,501 |
| Savings and temporary cash investments | $187,138 |
| 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 | $12,033 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $778 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $253,296 |
| Investments—other securities | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $465,746 |
| Accounts payable and accrued expenses | $63,177 |
| Grants payable | $0 |
| Deferred revenue | $60,946 |
| 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 | $124,123 |
| Net assets without donor restrictions | $341,623 |
| 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 | $465,746 |