Insights Association Inc
- Assets
- $2.3m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Washington, DC
- Founding
- 09/1980
- Data as of
- 12/2023
- EIN
- 13-2942996
Organization Overview
Insights Association Inc is located in Washington, DC. The organization was established in 1980. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Insights Association Inc employed 15 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Insights Association 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 12/2023, Insights Association Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $5.0m during the year ending 12/2023. While expenses have increased by 10.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, UNIFY AND ADVANCE THE INSIGHT, OPINION AND MARKETING RESEARCH PROFESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSIGHTS & STRATEGIES CONFERENCE: THE ANNUAL CONFERENCE WAS DESIGNED FOR MARKETING RESEARCHERS WHO DISCOVER INSIGHTS AND DEVELOP STRATEGIES TO PROMOTE PRODUCTS, SERVICES OR IDEAS.
CORPORATE RESEARCHERS CONFERENCE: THE CORPORATE RESEARCHERS CONFERENCE (CRC) WAS DEVELOPED BY AND FOR CORPORATE RESEARCHERS TO PROVIDE THE MOST EFFECTIVE WAY FOR THEM TO LEARN, ADVANCE AND GAIN A COMPETITIVE EDGE.
CEO SUMMIT: INSIGHTS ASSOCIATION'S CEO SUMMIT IS A UNIQUE COLLABORATIVE EXCHANGE DESIGNED FOR C-LEVEL EXECUTIVES OF SMALL TO MID-SIZE MARKETING RESEARCH FIRMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Camille Nicita Chair | OfficerTrustee | 1.5 | $0 |
Scott Baker Chair Elect | OfficerTrustee | 1.5 | $0 |
Alice Butler Secretary | OfficerTrustee | 1.5 | $0 |
Tyler Mcmullen Treasurer | OfficerTrustee | 1.5 | $0 |
Brett Townsend Past Chair | OfficerTrustee | 1.5 | $0 |
Jackie Chan Director | Trustee | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Magnit Llc Ideators | 12/30/23 | $570,024 |
Insights Now Inc Idea Council Research | 12/30/23 | $124,500 |
Equitas Insights Llc Ideators | 12/30/23 | $107,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,024,546 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,074,546 |
| Total Program Service Revenue | $3,681,295 |
| Investment income | $19,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$378 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,777,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,500 |
| 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. | $674,778 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $967,937 |
| Pension plan accruals and contributions | $38,961 |
| Other employee benefits | $105,055 |
| Payroll taxes | $116,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,990 |
| Fees for services: Accounting | $54,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,390 |
| Fees for services: Other | $43,846 |
| Advertising and promotion | $73,446 |
| Office expenses | $50,297 |
| Information technology | $158,846 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $160,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,283,766 |
| Interest | $34,778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,198 |
| Insurance | $10,931 |
| All other expenses | $14,444 |
| Total functional expenses | $5,004,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,422 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $133,117 |
| 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 | $265,477 |
| Net Land, buildings, and equipment | $134,317 |
| Investments—publicly traded securities | $1,151,040 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,340,373 |
| Accounts payable and accrued expenses | $650,579 |
| Grants payable | $0 |
| Deferred revenue | $690,980 |
| 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 | $392,300 |
| Other liabilities | $0 |
| Total liabilities | $1,733,859 |
| Net assets without donor restrictions | $606,514 |
| 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 | $2,340,373 |
Grants Awarded
Over the last fiscal year, Insights Association Inc has awarded $13,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL ATLANTIC CHAPTER PURPOSE: Operations | $7,000 |
NORTH CENTRAL CHAPTER PURPOSE: Operations | $6,500 |