Missouri Association Of Insurance Agents
- Assets
- $5.9m
- Revenue
- $1.4m
- Investments
- $1.1m
- Employees
- 13
- Location
- Jefferson City, MO
- Founding
- 03/1964
- Data as of
- 08/2022
- EIN
- 44-0580960
Organization Overview
Missouri Association Of Insurance Agents is located in Jefferson City, MO. The organization was established in 1964. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 08/2022, Missouri Association Of Insurance Agents employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Association Of Insurance Agents 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 08/2022, Missouri Association Of Insurance Agents generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.3m during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION'S GOAL IS TO EDUCATE AND INFORM THE STATE'S PROFESSIONAL INDEPENDENT INSURANCE AGENTS, PROMOTE HIGH STANDARDS OF CONDUCT AMONG ITS MEMBERS, AND REPRESENT THE INTERESTS OF ITS MEMBERS AND THEIR CLIENTS IN LEGISLATIVE, REGULATORY AND JUDICIAL ARENAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - EDUCATION OF INDEPENDENT INSURANCE AGENTS ABOUT CURRENT PRACTICES IN THE INDUSTRY.
MEMBERSHIP - EDUCATE AND INFORM INDEPENDENT INSURANCE AGENTS, PROMOTE GREATER PUBLIC UNDERSTANDING OF THE INSURANCE BUSINESS, AND REPRESENT THE INTERESTS OF MEMBERS.
EVENTS - CONVENTIONS AND CONFERENCES TO DISCUSS CURRENT INDUSTRY DEVELOPMENTS AND FURTHER BUSINESS CONDITIONS FOR THE INDUSTRY AS A WHOLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Greer Iiaba Director | OfficerTrustee | 1 | $0 |
Randal W Smart Pia National Di | OfficerTrustee | 1 | $0 |
Matthew Speight Secr/treasurer | OfficerTrustee | 1 | $0 |
Darren Smiley Imm Past Pres | OfficerTrustee | 1 | $0 |
Dennis F Luebbering Vice President | OfficerTrustee | 1 | $0 |
Darin Banner President-Elect | OfficerTrustee | 1 | $0 |
Financial Statements
| 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 | $234,578 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,578 |
| Total Program Service Revenue | $826,210 |
| Investment income | $128,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $200,411 |
| Net Rental Income | -$286 |
| Net Gain/Loss on Asset Sales | $16,749 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,409,542 |
| 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 | $449,374 |
| Fees for services: Legal | $11,528 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $40,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,779 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,000 |
| Office expenses | $9,123 |
| Information technology | $3,456 |
| Royalties | $0 |
| Occupancy | $52,037 |
| Travel | $12,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $180,182 |
| Interest | $0 |
| Payments to affiliates | $204,194 |
| Depreciation, depletion, and amortization | $42,486 |
| Insurance | $5,589 |
| All other expenses | $17,665 |
| Total functional expenses | $1,340,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $1,209,620 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,946 |
| 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 | $25,375 |
| Net Land, buildings, and equipment | $1,572,029 |
| Investments—publicly traded securities | $1,961,756 |
| Investments—other securities | $1,085,304 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,488 |
| Total assets | $5,920,618 |
| Accounts payable and accrued expenses | $194,330 |
| Grants payable | $0 |
| Deferred revenue | $256,157 |
| 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 | $2 |
| Total liabilities | $450,489 |
| Net assets without donor restrictions | $5,470,129 |
| 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 | $5,920,618 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Missouri Association Of Insurance Agents has recieved totaling $113,808.
| Awarding Organization | Amount |
|---|---|
Trusted Choice Inc Alexandria, VA PURPOSE: ADVERTISING & RECRUITING | $37,936 |
Trusted Choice Inc Alexandria, VA PURPOSE: ADVERTISING & RECRUITING | $37,936 |
Trusted Choice Inc Alexandria, VA PURPOSE: ADVERTISING & RECRUITING | $37,936 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Actuaries Schaumburg, IL | $66,013,531 | $3,256,481 |
Missouri Association Of Insurance Agents Jefferson City, MO | $5,920,618 | $1,409,542 |
Oklahoma Association Of Insurance Agents Oklahoma City, OK | $1,481,989 | $1,599,588 |
Kansas Association Of Insurance Agents Inc Topeka, KS | $3,710,843 | $1,241,576 |
Professional Insurance Marketing Association Inc Chicago, IL | $872,807 | $772,491 |
National Equipment Finance Association Inc Northbrook, IL | $1,993,686 | $820,325 |
Soy Aquaculture Alliance Inc Ankeny, IA | $540,903 | $433,856 |
Mutual Insurance Association Of Iowa Janesville, IA | $697,921 | $349,100 |
Chicago Chapter Of China General Chamber Of Commerce - Usa Chicago, IL | $491,758 | $373,411 |
Independent Insurance Agents Association Of Greater Oklahoma Ci Oklahoma City, OK | $1,196,146 | $504,340 |
Nebraska Aviation Trades Assn Milford, NE | $256,661 | $0 |
National Association Of Insurance And Financial Advisors-Ohio Cedar Falls, IA | $137,390 | $0 |