National Association Of Insuracne And Financial Agents Of Massachuse
- Assets
- $89.3k
- Revenue
- $101.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 06/1942
- Data as of
- 12/2021
- EIN
- 04-1105457
Organization Overview
National Association Of Insuracne And Financial Agents Of Massachuse, operating under the name Naifa Of Massachusetts, is located in Warwick, RI. The organization was established in 1942. 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 the central organization for a national or regional group of organizations. Naifa Of Massachusetts 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, Naifa Of Massachusetts generated $101.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $84.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT, ENHANCE BUSINESS AND PROFESSIONAL SKILLS AND PROMOTE THE ETHICAL CONDUCT OF OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT, ENHANCE BUSINESS AND PROFESSIONAL SKILLS AND PROMOTE THE ETHICAL CONDUCT OF OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
O'gara Joshua President | OfficerTrustee | 1 | $0 |
Burg David Immed. Past President | OfficerTrustee | 1 | $0 |
Acree Kristi President Elect | OfficerTrustee | 1 | $0 |
Kadelski Bradford Treasurer | OfficerTrustee | 1 | $0 |
Marino Adam VP - Membership | OfficerTrustee | 1 | $0 |
Berard Matt VP - Govt Relations | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $99,691 |
| 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 | $99,691 |
| Total Program Service Revenue | $1,500 |
| Investment income | $0 |
| 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 | $101,191 |
| 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 | $36,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $33,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,000 |
| Office expenses | $943 |
| Information technology | $1,693 |
| 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 | $520 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $647 |
| All other expenses | $0 |
| Total functional expenses | $84,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,286 |
| 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 | $0 |
| Total assets | $89,286 |
| Accounts payable and accrued expenses | $4,148 |
| 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 | $1,750 |
| Total liabilities | $5,898 |
| 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 | $83,388 |
| Total liabilities and net assets/fund balances | $89,286 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Virginia Property And Casualty Insurance Luaranty Association Boston, MA | $164,456,339 | $15,741,691 |
Massachusetts Credit Union Share Insurance Corporation Newton, MA | $143,887,479 | $8,027,079 |
Workers Compensation Research Institute Cambridge, MA | $14,727,537 | $8,149,473 |
Trust For Aquarion Co Welfare Benefits Bridgeport, CT | $16,181,846 | $8,880,527 |
Rhode Island Property & Casualty Insurance Guaranty Association Boston, MA | $20,211,661 | $1,211,306 |
Advance Mfg Co Inc Employees Benefit Trust Westfield, MA | $296,936 | $5,936,452 |
Jeol Usa Inc Voluntary Employees Benefit Plan Trust Peabody, MA | $1,948,079 | $4,838,408 |
Mutual Savings Central Fund Inc Woburn, MA | $526,717,944 | $6,907,559 |
Maine Insurance Guaranty Association Boston, MA | $35,291,460 | $3,682,476 |
New England Automotive Dealers Insurance Tr East Bridgwater, MA | $340,006 | $2,171,015 |
Carlingswitch Incorporated Employee Benefits Trust Plainville, CT | $36,590 | $2,078,418 |