National Assoc Of Ins And Financial Advisors Of Washington Inc
- Assets
- $168.1k
- Revenue
- $96.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bellingham, WA
- Founding
- 03/1952
- Data as of
- 12/2021
- EIN
- 91-0716063
Organization Overview
National Assoc Of Ins And Financial Advisors Of Washington Inc, operating under the name And Financial Advisors Of Wa, is located in Bellingham, WA. The organization was established in 1952. According to its NTEE Classification (Y01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is the central organization for a national or regional group of organizations. And Financial Advisors Of WA 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, And Financial Advisors Of WA generated $96.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $92.4k during the year ending 12/2021. While expenses have increased by 1.2% 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
TO PROMOTE THE ADOPTION AND APPLICATION OF HIGH STANDARDS OF ETHICAL CONDUCT IN THE PROFESSION OF LIFE UNDERWRITING; TO PROMOTE AND OFFER EDUCATION IN THE PROFESSION OF LIFE INSURANCE; AND TO ADVANCE PUBLIC KNOWLEDGE OF LEGAL RESERVE LIFE INSURANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT OUR ANNUAL FINANCIAL SERVICES FORUM HELD EACH YEAR IN OCTOBER, MEMBERS AND THE PUBLIC WERE EDUCATED ON LEGISLATION AFFECTING THEIR BUSINESSES AND FAMILIES SUCH AS:1. INCOME AND TAX STRATEGIES2. BUSINESS AND OCCUPATION TAX INCREASES3. HEALTH CARE REFORM4. STATE AND FEDERAL LEGISLATION AND REGULATION5. CAREER BUILDING AND MENTOR TECHMIQUES AT OUR ANNUAL DAY ON THE HILL HELD IN JANUARY EACH YEAR, MEMBERS AND THE PUBLIC WERE EDUCATED ON CURRENT LEGISLATION AND THEY HAD THE OPPORTUNITY TO VISIT WITH THEIR LEGISLATORS AND EXPRESS THEIR CONCERNS REGARDING:1. INCREASED TAXES2. HEALTH AND LIFE INSURANCE ISSUES3. LEGISLATION AFFECTING THEIR LIVELIHOOD ANNUAL CONVENTION AND CONFERENCE HELD IN MAY FOR MEMBERS AND THE GENERAL PUBLIC. THIS FUNCTION HIGHLIGHTS CAREER BUILDING SEMINARS, DISCUSS THE AFFECTS OF LEGISLATION AND REGULATIONS ON THE MEMBERS AND THEIR INDUSTRY, AND OUTLINES PROPOSED LEGISLATION AND REGULATION FOR THE NEXT LEGISLATIVE SESSION. THIS FUNCTION ALOS SHOWS NEW INSURANCE PRODUCTS AND PROGRAMS TO ASSIST MEMBERS.INITIATED LEGISLATION THAT RESULTED IN THE WASHINGTON STATE GOVERNOR DECLARING SEPTEMBER AS LIFE INSURANCE AWARENESS MONTH TO BETTER PROMOTE AND EDUCATE THE PUBLIC ON THE IMPORTANCE AND NEED FOR INSURANCE TO PROTECT ONES FAMILY AS WELL AS BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenna Olson Secretary | Officer | 0 | $0 |
Chris Wertenberger Vice President | Officer | 0 | $0 |
Chris Bor President | Officer | 0 | $0 |
Financial Statements
| 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 | $96,619 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $96,683 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $88,591 |
| Total functional expenses | $92,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,384 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97,764 |
| Total assets | $168,148 |
| Accounts payable and accrued expenses | $1,327 |
| 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 | $1,327 |
| Net assets without donor restrictions | $0 |
| 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 | $166,821 |
| Total liabilities and net assets/fund balances | $168,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Idaho Surveying And Rating Bureau Inc Meridian, ID | $2,237,858 | $1,868,221 |
Alaska Insurance Guaranty Association Anchorage, AK | $41,497,822 | $1,346,403 |
North Central Washington Uniserv Council Emersonpark North Wenatchee, WA | $1,206,303 | $1,220,895 |
National Assoc Of Ins And Financial Advisors Of Washington Inc Bellingham, WA | $168,148 | $96,683 |
Idaho Orthopaedic Society Boise, ID | $14,507 | $0 |