National Association Of Benefits And Insurance Professionals Califo
- Assets
- $145.1k
- Revenue
- $380.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cranford, NJ
- Founding
- 07/1990
- Data as of
- 06/2023
- EIN
- 95-4252056
Organization Overview
National Association Of Benefits And Insurance Professionals Califo is located in Cranford, NJ. The organization was established in 1990. 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. National Association Of Benefits And Insurance Professionals Califo 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 06/2023, National Association Of Benefits And Insurance Professionals Califo generated $380.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $597.1k during the year ending 06/2023. 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
PROMOTE THE COMMON BUSINESS INTERESTS OF THOSE INVOLVED IN THE HEALTH INSURANCE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED THE ADOPTION AND APPLICATION OF STANDARDS OF ETHICAL CONDUCT IN THE PROFESSION.
HELD ANNUAL HEALTH CARE SUMMIT AND PROVIDED ENCOURAGEMENT AND COORDINATED COMMUNICATION AMONG VARIOUS LOCAL ASSOCIATIONS.
PROVIDED LEGISLATIVE UPDATES, PERSPECTIVES ON THE DIRECTION OF CALIFORNIA, AND INFORMATION ON NEW AND EMERGING ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Kanter President Elect | OfficerTrustee | 2 | $0 |
Brad Davis Imme. Past Pres | OfficerTrustee | 2 | $0 |
Irma Romero VP Membership | OfficerTrustee | 2 | $0 |
Cathy Little VP Finance | OfficerTrustee | 2 | $0 |
Dawn Mcfarland VP Legislation | OfficerTrustee | 2 | $0 |
Sue Wakamoto-Lee President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ca Advocates Mmg Svc Management | 6/29/23 | $188,614 |
California Advocates Advocacy | 6/29/23 | $156,000 |
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 | $377,755 |
| Investment income | $2,122 |
| 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 | $379,978 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $225,113 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,850 |
| Fees for services: Lobbying | $161,641 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,718 |
| Advertising and promotion | $0 |
| Office expenses | $19,800 |
| Information technology | $8,202 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,078 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $99,925 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,277 |
| All other expenses | $0 |
| Total functional expenses | $597,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,739 |
| Savings and temporary cash investments | $104,194 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,333 |
| 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 | $15,870 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $145,136 |
| Accounts payable and accrued expenses | $40,347 |
| Grants payable | $300 |
| Deferred revenue | $21,719 |
| 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 | $62,366 |
| Net assets without donor restrictions | $82,770 |
| 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 | $145,136 |
Grants Awarded
Over the last fiscal year, National Association Of Benefits And Insurance Professionals Califo has awarded $18,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAHU PAC PURPOSE: General support | $12,000 |
NAHU PAC PURPOSE: General support | $6,800 |