Independent Insurance Agents Of Illinois is located in Springfield, IL. The organization was established in 1993. 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 09/2022, Independent Insurance Agents Of Illinois employed 13 individuals. Independent Insurance Agents Of Illinois 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 09/2022, Independent Insurance Agents Of Illinois generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.7m during the year ending 09/2022. 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
TO PROVIDE OUR MEMBERS WITH A SUSTAINABLE COMPETITIVE ADVANTAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED APPROXIMATELY 282 EDUCATIONAL INSURANCE WORKSHOPS TO MEMBERS ON A VARIETY OF TOPICS IN NUMEROUS LOCATIONS AND ONLINE.
PROVIDED NETWORKING OPPORTUNITIES, BRANDING SERVICES, AND OTHER RESOURCES FOR 917 MEMBERS.
HOSTED ANNUAL CONVENTION WITH 120 EXHIBITORS IN SPRINGFIELD, IL
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Phil Lackman CEO | Officer | 35 | $272,589 |
Thomas P Ross Chairperson - Government R | Trustee | 2 | $0 |
Mark Kuchar CFO | Officer | 35 | $138,467 |
Brett Gerger Director Of Education & Ag | 35 | $135,401 | |
Allyson M Padilla Vice President | OfficerTrustee | 10 | $0 |
Cynthia Jackman Secretary/treasurer | OfficerTrustee | 10 | $0 |
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 | $1,866,533 |
Investment income | $288,806 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $342,091 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $187,833 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,746,070 |
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. | $187,813 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $666,360 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $82,883 |
Other employee benefits | $105,406 |
Payroll taxes | $60,971 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,325 |
Fees for services: Accounting | $20,386 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $29,697 |
Travel | $39,564 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $337,546 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $94,176 |
Insurance | $51,016 |
All other expenses | $381,796 |
Total functional expenses | $2,709,543 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $402,834 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $47,356 |
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 | $104,424 |
Net Land, buildings, and equipment | $139,818 |
Investments—publicly traded securities | $4,753,494 |
Investments—other securities | $232,303 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,680,229 |
Accounts payable and accrued expenses | $85,358 |
Grants payable | $0 |
Deferred revenue | $779,727 |
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 | $395,242 |
Total liabilities | $1,260,327 |
Net assets without donor restrictions | $4,414,737 |
Net assets with donor restrictions | $5,165 |
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 | $5,680,229 |
Over the last fiscal year, we have identified 3 grants that Independent Insurance Agents Of Illinois has recieved totaling $144,000.
Awarding Organization | Amount |
---|---|
Trusted Choice Inc Alexandria, VA PURPOSE: ADVERTISING & RECRUITING | $48,000 |
Trusted Choice Inc Alexandria, VA PURPOSE: ADVERTISING & RECRUITING | $48,000 |
Trusted Choice Inc Alexandria, VA PURPOSE: ADVERTISING & RECRUITING | $48,000 |
Organization Name | Assets | Revenue |
---|---|---|
Learfield Communications Group Benefit Trust Inc Jefferson City, MO | $2,893,573 | $17,688,532 |
St Anthony's Med Cnt Prof & Gen Liab Milwaukee, WI | $0 | $2,384,132 |
Illinois Insurance Guaranty Fund Chicago, IL | $161,417,885 | $26,320,531 |
Healthalliance Benefit Plan Urbandale, IA | $4,354,956 | $14,851,406 |
Clara Abbott Foundation Abbott Park, IL | $224,191,754 | $3,270,470 |
Katten Muchin Rosenman Llp Employees Welfare Benefit Plan Tr Chicago, IL | $4,093,448 | $12,724,208 |
Komatsu America Corp Retiree Welfare Noncollectively Bargained Chicago, IL | $37,989,668 | $6,516,658 |
Buddig Employees Welfare Benefit Plan And Trust Homewood, IL | $1,411,169 | $11,307,142 |
Ford Meter Box Co Inc Employee Benefit Plan Wabash, IN | $2,576,706 | $10,783,533 |
Childrens Memorial Hospital Self Chicago, IL | $135,161,013 | $17,731,725 |
Evergy Inc Kansas City, MO | $82,354,163 | $13,097,270 |
Illinois Life & Health Insurance Guaranty Association Lisle, IL | $105,017,420 | $45,042,469 |