Kansas Association Of Insurance Agents Inc
- Assets
- $4.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Topeka, KS
- Founding
- 09/1961
- Data as of
- 08/2024
- EIN
- 48-0636365
Organization Overview
Kansas Association Of Insurance Agents Inc is located in Topeka, KS. The organization was established in 1961. 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 08/2024, Kansas Association Of Insurance Agents Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Association Of Insurance Agents Inc 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 08/2024, Kansas Association Of Insurance Agents Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.3m during the year ending 08/2024. While expenses have increased by 0.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF KAIA IS TO MEET THE PROFESSIONAL DEVELOPMENT AND BUSINESS NEEDS OF INDEPENDENT AGENTS IN KANSAS; TO REPRESENT THEIR INTERESTS BEFORE GOVERNMENT AND REGULATORY BODIES; TO ENCOURAGE INTEGRITY AND HIGH ETHICAL STANDARDS; AND TO INFORM MEMBERS AND THE PUBLIC THROUGH A PRIVATE, NON-PROFIT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOLS - SEMINARS HELD IN VARIOUS CITIES IN KANSAS DURING THE YEAR TO PROVIDE MEMBERS WITH EDUCATION IN AREAS WHICH INCLUDE MEDICAL MALPRACTICE, POLLUTION, LIFE COURSES & OTHER INSURANCE COVERAGES.
CONVENTION - ANNUAL CONVENTION IS HELD TO PROVIDE AN OPPORTUNITY FOR MEMBERS TO DISCUSS ISSUES WITH EACH OTHER AND ATTEND VARIOUS EDUCATION SESSIONS.
PUBLICATIONS - KANSAS INSURANCE MAGAZINE IS PUBLISHED SIX TIMES EACH YEAR AND IS PROVIDED FREE OF CHARGE TO ALL MEMBERS. IT CONTAINS INFORMATIVE ARTICLES THAT KEEP MEMBERS AWARE OF CURRENT ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hulcher Executive Dir. | Officer | 40 | $250,627 |
Lucas M Raleigh Immed Past Pres | Trustee | 0.5 | $0 |
Joerin Stuteville Director | Trustee | 0.5 | $0 |
Cristi Werth Director | Trustee | 0.5 | $0 |
Bryce Hundley Director | Trustee | 0.5 | $0 |
Shelby Doty Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $443,279 |
| 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 | $443,279 |
| Total Program Service Revenue | $298,703 |
| Investment income | $69,561 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $176,765 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,426 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $630 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,295,904 |
| 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. | $135,434 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $296,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,841 |
| Payroll taxes | $29,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,650 |
| Fees for services: Lobbying | $68,029 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,248 |
| Fees for services: Other | $23,858 |
| Advertising and promotion | $12,571 |
| Office expenses | $10,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,978 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $352,966 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,532 |
| Insurance | $33,956 |
| All other expenses | $47 |
| Total functional expenses | $1,317,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,148 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,383 |
| 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 | $4,756 |
| Net Land, buildings, and equipment | $673,713 |
| Investments—publicly traded securities | $2,312,496 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $830,526 |
| Total assets | $4,236,022 |
| Accounts payable and accrued expenses | $39,753 |
| Grants payable | $0 |
| Deferred revenue | $258,167 |
| 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 | $144,734 |
| Total liabilities | $442,654 |
| Net assets without donor restrictions | $3,793,368 |
| 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 | $4,236,022 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Association Of Insurance Agents Jefferson City, MO | $7,083,578 | $1,548,553 |
Oklahoma Association Of Insurance Agents Oklahoma City, OK | $1,500,523 | $1,292,550 |
Kansas Association Of Insurance Agents Inc Topeka, KS | $4,236,022 | $1,295,904 |
Independent Insurance Agents Association Of Greater Oklahoma Ci Oklahoma City, OK | $1,090,567 | $229,940 |
Ypo Pacific Star Inc Springfield, MO | $157,443 | $309,992 |
Nebraska Aviation Trades Assn Milford, NE | $282,443 | $0 |
Flowering Hope Foundation Boulder, CO | $4,625 | $0 |
Tucson Commercial Real Estate Women Inc Lawrence, KS | $103,233 | $0 |
8 Ball Parker, CO | $0 | $188,220 |
Nebraska State Dairy Association Lincoln, NE | $94,341 | $0 |
Kansas Association Of Professional Insurance Agents Inc Topeka, KS | $121,967 | $0 |
Naifa - Oklahoma City Inc Oklahoma City, OK | $71,553 | $0 |
Rocky Mountain Netsuite User Group Lone Tree, CO | $37,032 | $15,500 |
Psychedelic Standards Organization Castle Rock, CO | $572 | $186 |