Brokers & Reinsurance Markets Assoc Iation Inc
- Assets
- $820.5k
- Revenue
- $489.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 36-3477140
Organization Overview
Brokers & Reinsurance Markets Assoc Iation Inc is located in Indianapolis, IN. The organization was established in 0000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brokers & Reinsurance Markets Assoc Iation 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 12/2022, Brokers & Reinsurance Markets Assoc Iation Inc generated $489.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $376.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BROKERS & REINSURANCE MARKETS ASSOCIATION, INC. (THE "ASSOCIATION") WAS INCORPORATED ON NOVEMBER 19, 1986. THE MEMBERSHIP OF THE ASSOCIATION COMPRISES BOTH REINSURANCE INTERMEDIARIES AND BROKER CHANNEL UNDERWRITING COMPANIES. THE ASSOCIATION SERVES THE REINSURANCE BROKER CHANNEL. THE PRIMARY OBJECTIVE OF THE ASSOCIATION IS TO IMPROVE THE EFFECTIVENESS OF THE REINSURANCE BROKER CHANNEL IN TERMS OF ITS ABILITY TO SERVE ITS CLIENTS AND ITS COMPETITIVENESS IN THE OVERALL MARKETPLACE. THE PRESENT OBJECTIVES AND GOALS OF THE ASSOCIATION ARE TO 1) MONITOR AND REFINE, THROUGH THE USE OF COMMITTEES, FREE CHOICE INDUSTRY-WIDE GUIDELINES; 2) PRODUCE TIMELY AND TOPICAL "WHITE PAPERS- AND HOLD SEMINARS THAT HAVE A COMMON INTEREST TO THE REINSURANCE INDUSTRY; 3) IDENTIFY, AND PROVIDE A FORUM FOR DISCUSSION; AND 4) TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR ITS MEMBERS THROUGH THE USE OF CONTEMPORARY SPEAKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION SERVES THE REINSURANCE BROKER CHANNEL. THE PRIMARY OBJECTIVE OF THE ASSOCIATION IS TO IMPROVE THE EFFECTIVENESS OF THE REINSURANCE BROKER CHANNEL IN TERMS OF ITS ABILITY TO SERVE ITS CLIENTS AND ITS COMPETITIVENESS IN THE OVERALL MARKETPLACE. THE PRESENT OBJECTIVES AND GOALS OF THE ASSOCIATION ARE TO 1) MONITOR AND REFINE, THROUGH THE USE OF COMMITTEES, FREE CHOICE INDUSTRY-WIDE GUIDELINES; 2) PRODUCE TIMELY AND TOPICAL "WHITE PAPERS- AND HOLD SEMINARS THAT HAVE A COMMON INTEREST TO THE REINSURANCE INDUSTRY; 3) IDENTIFY, AND PROVIDE A FORUM FOR DISCUSSION; 4) TO PROVIDE EDUCATIONAL OPPORTUNITIES FOR ITS MEMBERS THROUGH THE USE OF CONTEMPORARY SPEAKERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alane Carey Secretary Tr | OfficerTrustee | 2 | $0 |
Steven Hanke Director | Trustee | 1 | $0 |
Alex Vandjik Director | Trustee | 1 | $0 |
Thomas Costikyan Past Chair | OfficerTrustee | 1 | $0 |
Jon Colello Chair | OfficerTrustee | 2 | $0 |
Simon Hedley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $410,500 |
| 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 | $410,500 |
| Total Program Service Revenue | $77,500 |
| Investment income | $1,572 |
| 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 | $489,572 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $180,022 |
| Advertising and promotion | $0 |
| Office expenses | $3,078 |
| Information technology | $1,740 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $186,671 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,324 |
| All other expenses | $0 |
| Total functional expenses | $376,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $793,813 |
| 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 | $26,683 |
| 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 | $820,496 |
| Accounts payable and accrued expenses | $14,648 |
| Grants payable | $0 |
| Deferred revenue | $75,000 |
| 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 | $89,648 |
| Net assets without donor restrictions | $730,848 |
| 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 | $820,496 |