Independent Insurance Agents Of South Dakota

Organization Overview

Independent Insurance Agents Of South Dakota is located in Ft Pierre, SD. The organization was established in 1974. 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, Independent Insurance Agents Of South Dakota employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Insurance Agents Of South Dakota 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, Independent Insurance Agents Of South Dakota generated $686.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $832.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE AND SUPPORT SOUND PRINCIPLES IN THE TRANSACTION OF THE BUSINESS OF INSURANCE, PROMOTE AND ENCOURAGE CONFIDENCE AND GOODWILL AMONG ITS MEMBERS, MAINTAIN A HIGH STANDARD OF INTEGRITY AND SERVICE IN SUCH INSURANCE BUSINESS, AND PROMOTE AND SUPPORT GOOD PUBLIC RELATIONS WITH INSURANCE COMPANIES AND THE INSURANCE BUYING PUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTE AND SUPPORT SOUND PRINCIPLES IN THE TRANSACTION OF THE BUSINESS OF INSURANCE, PROMOTE AND ENCOURAGE CONFIDENCE AND GOODWILL AMONG ITS MEMBERS, MAINTAIN A HIGH STANDARD OF INTEGRITY AND SERVICE IN SUCH INSURANCE BUSINESS, AND PROMOTE AND SUPPORT GOOD PUBLIC RELATIONS WITH INSURANCE COMPANIES AND THE INSURANCE BUYING PUBLIC.


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Board, Officers & Key Employees

Name (title)Compensation
Carolyn Hofer
Executive VP
$112,337
Michael Chrysler
Executive Di
$77,500
Dan Maguire
Iiaba Nat'l
$0
John Meyen
Past Preside
$0
Elizabeth Nepodal
Secretary-Tr
$0
Eric Payne
Vice Preside
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$171,324
Fundraising events$0
Related organizations$39,987
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$146,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$357,811
Total Program Service Revenue$319,250
Investment income $9,154
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 $686,215

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Independent Insurance Agents Of South Dakota has recieved totaling $24,838.

Awarding OrganizationAmount
Trusted Choice Inc

Alexandria, VA

PURPOSE: ADVERTISING & RECRUITING

$24,838
View Grant Recipient Profile

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