American Agents Alliance Inc
- Assets
- $2.1m
- Revenue
- $1.3m
- Investments
- $137.7k
- Employees
- 4
- Location
- Sacramento, CA
- Founding
- 06/2005
- Data as of
- 01/2024
- EIN
- 95-4657853
Organization Overview
American Agents Alliance Inc is located in Sacramento, CA. The organization was established in 2005. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 01/2024, American Agents Alliance Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Agents Alliance 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 01/2024, American Agents Alliance Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.1m during the year ending 01/2024. While expenses have increased by 1.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COMMON INTEREST AND WELFARE OF CALIFORNIA INSURANCE PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO STUDY AND PROMOTE THE NEEDS OF MEMBERS; TO SECURE BETTER UNDERSTANDING OF THE INSURANCE BROKERAGE BUSINESS THROUGH SHARING OF IDEAS AND MUTUAL EFFORTS; TO ESTABLISH AND MAINTAIN A CLOSE RELATIONSHIP BETWEEN MEMBERS OF THE ORGANIZATION AND THE INSURANCE COMPANIES; TO HELP IN BETTER MEETING PUBLIC INSURANCE NEEDS.
TO PROVIDE AN EDUCATIONAL CONVENTION FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike D'arelli Executive Director | 40 | $212,019 | |
Ken May Board Member | Trustee | 1.5 | $0 |
Kori Deleon Board Member | Trustee | 1.5 | $0 |
Laine Caspi Board Member | Trustee | 1.5 | $0 |
Harry Crusberg Imm. Past Pres | Trustee | 1.5 | $0 |
Debra Jackson Secretary | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $296,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,694 |
| 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 | $301,314 |
| Total Program Service Revenue | $853,428 |
| Investment income | $69,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$88 |
| Net Gain/Loss on Asset Sales | $90,358 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,318,269 |
| 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. | $212,019 |
| Compensation of current officers, directors, key employees. | $31,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,940 |
| Pension plan accruals and contributions | $11,747 |
| Other employee benefits | $4,920 |
| Payroll taxes | $19,171 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,592 |
| Fees for services: Accounting | $19,647 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,698 |
| Advertising and promotion | $44,679 |
| Office expenses | $1,335 |
| Information technology | $9,246 |
| Royalties | $0 |
| Occupancy | $17,901 |
| Travel | $2,726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $444,945 |
| Interest | $24,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,066 |
| Insurance | $36,488 |
| All other expenses | $8,275 |
| Total functional expenses | $1,109,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,986 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,311 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $61,963 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $349,830 |
| Investments—publicly traded securities | $1,202,458 |
| Investments—other securities | $137,714 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,143,262 |
| Accounts payable and accrued expenses | $21,146 |
| 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 | $485,146 |
| Other liabilities | $33,550 |
| Total liabilities | $539,842 |
| Net assets without donor restrictions | $1,603,420 |
| 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 | $2,143,262 |