Insurance Consumer Affairs Exchange is located in New Hyde Park, NY. The organization was established in 1988. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Insurance Consumer Affairs Exchange 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 05/2024, Insurance Consumer Affairs Exchange generated $100.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $84.6k during the year ending 05/2024. While expenses have increased by 0.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
INSURANCE INDUSTRY PROFESSIONALS ARE BETTER ABLE TO CARRY OUT THEIR DUTIES DUE TO EDUCATION RECEIVED AT ANNUAL CONFERENCES, WHICH ALLOWS PROFESSIONALS TO DISCUSS CONSUMER RELATED ISSUES.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Colbert President | 5 | $0 | |
Jackie Smiley Vice President | 5 | $0 | |
Becca Donegan Secretary | 5 | $0 | |
Jim Mcnally Treasurer | 5 | $0 | |
Joan Olson Past President | 3 | $0 | |
Susan Hatfield Past President | 3 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $82,880 |
| Membership dues | $18,040 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,927 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $13,050 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $243 |
| Other expenses | $71,267 |
| Total expenses | $84,560 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,335 |
| Other assets | $0 |
| Total assets | $120,335 |
| Total liabilities | $0 |
| Net assets or fund balances | $120,335 |