Main Insurance Agents Assoc

Organization Overview

Main Insurance Agents Assoc is located in Hallowell, ME. The organization was established in 1955. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 08/2022, Main Insurance Agents Assoc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Insurance Agents Assoc 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 08/2022, Main Insurance Agents Assoc generated $941.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $883.2k during the year ending 08/2022. While expenses have increased by 2.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO REPRESENT, SUPPORT, AND PROMOTE INDEPENDENT INSURANCE AGENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATIONAL MEETINGS, CONVENTIONS AND SEMINARS ARE PROVIDED FOR MEMBERS.


DUES ARE PAID TO THE NATIONAL INDEPENDENT INSURANCE AGENTS OF AMERICA WHICH IN TURN SUPPORTS INDEPENDENT AGENTS AT A NATIONAL LEVEL.


LEGISLATION AND REGULATIONS AFFECTING INSURANCE AGENTS ARE MONITORED BY THE ASSOCIATION AND APPROPRIATE INPUT ON BEHALF OF AGENTS IS GIVEN.


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Board, Officers & Key Employees

Name (title)Compensation
Lisa Veregge
President/ceo
$134,462
Sarah Fisher
Chairwoman- Elect
$0
G Jeff Shaw CIC
Chairman
$0
Laurie J Billings ACSR
Immediate Past Chairwoman
$0
Ashley Rosborough
Vice Chairwoman
$0
Peter Clavette CIC
Director
$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$445,984
Investment income $171,065
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,030
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $941,041

Grants Awarded

Over the last fiscal year, Main Insurance Agents Assoc has awarded $80,000 in support to 2 organizations.

Grant RecipientAmount

UNIVERSITY OF SOUTHERN MAINE FOUNDATION

Org PageRecipient Profile

Portland, ME

PURPOSE: SCHOLARSHIP FUND

$40,000

Waterville, ME

PURPOSE: SCHOLARSHIP FUND

$40,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Main Insurance Agents Assoc has recieved totaling $38,666.

Awarding OrganizationAmount
Trusted Choice Inc

Alexandria, VA

PURPOSE: ADVERTISING & RECRUITING

$38,666
View Grant Recipient Profile

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