North Dakota Association Of Independent Insurance Agents
- Assets
- $205.1k
- Revenue
- $193.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Fargo, ND
- Founding
- 02/1943
- Data as of
- 12/2021
- EIN
- 45-6013408
Organization Overview
North Dakota Association Of Independent Insurance Agents is located in Fargo, ND. The organization was established in 1943. 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 12/2021, North Dakota Association Of Independent Insurance Agents employed 2 individuals. This organization is the central organization for a national or regional group of organizations. North Dakota Association Of Independent 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 12/2021, North Dakota Association Of Independent Insurance Agents generated $193.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $182.3k during the year ending 12/2021. While expenses have increased by 9.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INDEPENDENT INSURANCE AGENTS & BROKERS OF NORTH DAKOTA, ALSO KNOWN AS THE BIG I," IS A STATE TRADE ASSOCIATION THAT STRIVES TO PROVIDE INDEPENDENT INSURANCE AGENTS AND BROKERS WITH A SUSTAINABLE COMPETITIVE ADVANTAGE IN THE INSURANCE MARKETPLACE BY EQUIPPING MEMBERS WITH TOOLS AND RESOURCES, AND ADVOCACY AND SUPPORT, TO MAINTAIN EXCELLENCE IN BUSINESS AND CUSTOMER SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BIG I" PROVIDES RESOURCES, ADVOCACY, AND SUPPORT TO HELP MEMBERS BUILD AND GROW THEIR BUSINESS. MEMBER AGENCIES HAVE ACCESS TO EXCLUSIVE PRODUCTS, SERVICES AND EDUCATION CREATED FOR INDEPENDENT AGENTS, BY INDEPENDENT AGENTS AND OUR PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Lindgren Chairman | OfficerTrustee | 5 | $0 |
Josh Brown Secretary/tr | OfficerTrustee | 5 | $0 |
Lacy Schatz Vice Chairma | OfficerTrustee | 5 | $0 |
Karl Lembkee Board Member | Trustee | 3 | $0 |
Zach Mccoy Board Member | Trustee | 3 | $0 |
Justin Thomas Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,464 |
| 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 | $19,464 |
| Total Program Service Revenue | $93,594 |
| Investment income | $2,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,658 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,504 |
| 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 | $94,266 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,312 |
| 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 | $741 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,591 |
| Office expenses | $2,694 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,550 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,134 |
| All other expenses | $94 |
| Total functional expenses | $182,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,452 |
| Savings and temporary cash investments | $15,072 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,810 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $94,809 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $205,143 |
| Accounts payable and accrued expenses | $6,337 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,658 |
| Total liabilities | $8,995 |
| Net assets without donor restrictions | $196,148 |
| 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 | $205,143 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Insurance Guaranty Association Edina, MN | $187,413,257 | $18,086,231 |
Minnesota Workers Compensation Insurers Association Inc Minneapolis, MN | $5,175,183 | $7,886,561 |
Professional Liability Underwriting Society Minneapolis, MN | $7,512,109 | $4,853,702 |
Independent Insurance Agents Of South Dakota Ft Pierre, SD | $988,411 | $686,215 |
Brookings Convention & Visitors Bureau Brookings, SD | $571,661 | $471,143 |
Independent Insurance Agents Association Of Montana Inc Helena, MT | $1,367,262 | $342,717 |
North Dakota Association Of Independent Insurance Agents Fargo, ND | $205,143 | $193,504 |
American Institute Of Professional Association Group Insurance Admini Minneapolis, MN | $136,076 | $0 |
Pmaa State Executives Conference Bismarck, ND | $82,300 | $0 |
Society Of Industrial And Office Realtors Minnesota Chapter Inc Minneapolis, MN | $70,670 | $0 |
International Society Of Certified Employee Benefit Specialists Inc Minneapolis, MN | $27,005 | $0 |