Trusted Choice Inc
- Assets
- $2.9m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 01/2005
- Data as of
- 08/2021
- EIN
- 54-2052195
Organization Overview
Trusted Choice Inc is located in Alexandria, VA. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trusted Choice 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 08/2021, Trusted Choice Inc generated $4.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $5.4m during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Trusted Choice Inc has awarded 243 individual grants totaling $12,959,310. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRUSTED CHOICE IS A UNIFYING BRAND CREATED TO HELP EDUCATE CONSUMERS ABOUT THE BENEFITS OF USING AN INDEPENDENT INSURANCE AGENT OR BROKER WHEN BUYING INSURANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRUSTED CHOICE IS THE NATIONAL MARKETING BRAND CREATED EXCLUSIVELY FOR BIG "I" MEMBERS TO HELP CONSUMERS UNDERSTAND THE VALUE THAT AN INDEPENDENT AGENT OFFERS. THIS IS NOT A MARKET ACCESS PROGRAM, BUT A BRAND THAT IS DESIGNED TO HIGHLIGHT THE STRENGTHS OF INDEPENDENT INSURANCE AGENTS: CHOICE, CUSTOMIZATION, AND ADVOCACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Brandt Vice President | Officer | 40 | $191,635 |
Robert A Rusbuldt President | OfficerTrustee | 9 | $99,298 |
Eugene S Cocke CFO | Officer | 6.5 | $42,130 |
Scott D Kneeland Chief Counsel/secretary | Officer | 7 | $31,374 |
David Walker Chair | OfficerTrustee | 1 | $0 |
Tara Purvis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stinson Partners Inc Dba Beeby Clark M Advertising/marketing | 8/30/21 | $1,931,300 |
Consumer Agent Portal Llc Advertising/marketing | 8/30/21 | $773,000 |
Grafik Marketing Communications Ltd Advertising/marketing | 8/30/21 | $363,275 |
Dialog Concepts Wdg Website Design | 8/30/21 | $165,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| 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 | $100,000 |
| Total Program Service Revenue | $4,730,059 |
| Investment income | $3,232 |
| 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 | $4,834,266 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,090,200 |
| 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. | $389,871 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $431,047 |
| Pension plan accruals and contributions | $61,979 |
| Other employee benefits | $156,300 |
| Payroll taxes | $63,578 |
| Fees for services: Management | $391,170 |
| Fees for services: Legal | $10,436 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,329 |
| Advertising and promotion | $2,430,896 |
| Office expenses | $7,171 |
| Information technology | $76,864 |
| Royalties | $0 |
| Occupancy | $23,352 |
| Travel | $9,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,267 |
| Insurance | $12,980 |
| All other expenses | $2,058 |
| Total functional expenses | $5,382,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,479,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,034 |
| 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 | $32,385 |
| Net Land, buildings, and equipment | $121,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,081 |
| Total assets | $2,879,409 |
| Accounts payable and accrued expenses | $281,613 |
| Grants payable | $0 |
| Deferred revenue | $1,134,866 |
| 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 | $0 |
| Total liabilities | $1,416,479 |
| Net assets without donor restrictions | $1,462,930 |
| 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 | $2,879,409 |
Grants Awarded
Over the last fiscal year, Trusted Choice Inc has awarded $473,002 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: GENERAL SUPPORT | $217,500 |
Cary, NC PURPOSE: ADVERTISING & RECRUITING | $65,000 |
Warwick, RI PURPOSE: ADVERTISING & RECRUITING | $65,000 |
Hallowell, ME PURPOSE: ADVERTISING & RECRUITING | $38,666 |
Ft Pierre, SD PURPOSE: ADVERTISING & RECRUITING | $24,838 |
IND INS AGTS OF KENTUCKY INC PURPOSE: ADVERTISING & RECRUITING | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trusted Choice Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Independent Insurance Agents And Brokers Of America Inc Alexandria, VA PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Nashville Convention & Visitors Bureau Nashville, TN | $15,667,602 | $21,623,147 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |