Independent Insurance Agents Of Georgia Inc is located in Alpharetta, GA. The organization was established in 1956. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 08/2021, Independent Insurance Agents Of Georgia Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Insurance Agents Of Georgia 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, Independent Insurance Agents Of Georgia Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.2m during the year ending 08/2021. 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
TO PROMOTE THE COMMON BUSINESS INTEREST OF INDEPENDENT INSURANCE AGENTS WITHIN THE INDUSTRY AND BEFORE SIGNIFICANT GOVERNMENT AGENCIES AND THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUES & SUBSCRIPTIONS - OUR ORGANIZATION PUBLISHES A NEWSLETTER TO PROVIDE MEMBERS WITH INFORMATION NECESSARY TO BETTER SERVE THE INSURANCE BUYING PUBLIC.
COMMITTEES, CONFERENCES, CONVENTIONS & EDUCATION - ALLOW MEMBERS TO BETTER EDUCATE THEMSELVES AND PROVIDE BETTER SERVICE TO THE INSURANCE BUYING PUBLIC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Barbour CEO | Officer | 40 | $151,833 |
Christy Ware COO | Officer | 40 | $75,639 |
Ashley Hines Ellis President Elect | OfficerTrustee | 1 | $0 |
Mike Iverson Vice President | OfficerTrustee | 1 | $0 |
Ash Smith President | OfficerTrustee | 1 | $0 |
Wendi Hamby Washowich Secretary/treasurer | OfficerTrustee | 1 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $1,194,483 |
Investment income | $17,166 |
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 | $1,572,333 |
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. | $282,379 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $291,756 |
Pension plan accruals and contributions | $15,987 |
Other employee benefits | $30,305 |
Payroll taxes | $38,088 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,778 |
Fees for services: Accounting | $1,994 |
Fees for services: Lobbying | $36,200 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $100 |
Office expenses | $14,587 |
Information technology | $34,596 |
Royalties | $0 |
Occupancy | $13,984 |
Travel | $3,507 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $265,387 |
Interest | $0 |
Payments to affiliates | $182,218 |
Depreciation, depletion, and amortization | $0 |
Insurance | $10,408 |
All other expenses | $3,500 |
Total functional expenses | $1,226,774 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,011,765 |
Savings and temporary cash investments | $806,079 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $75,194 |
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 | $9,240 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $261,947 |
Investments—other securities | $101,000 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $118 |
Total assets | $2,265,343 |
Accounts payable and accrued expenses | $63,995 |
Grants payable | $0 |
Deferred revenue | $314,479 |
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 | $378,474 |
Net assets without donor restrictions | $1,815,815 |
Net assets with donor restrictions | $71,054 |
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 | $2,265,343 |
Over the last fiscal year, we have identified 1 grants that Independent Insurance Agents Of Georgia Inc has recieved totaling $20,000.
Awarding Organization | Amount |
---|---|
Trusted Choice Inc Alexandria, VA PURPOSE: ADVERTISING & RECRUITING | $20,000 |
Beg. Balance | $31,053 |
Net Contributions | $76,226 |
Other Expense | $36,225 |
Ending Balance | $71,054 |
Organization Name | Assets | Revenue |
---|---|---|
Mount Sinai Hospital Insurance Trust No 1 Miami Beach, FL | $244,139 | $16,605,515 |
Alabama Farmers Cooperative Employees Welfare Benefit Plan Decatur, AL | $562,417 | $15,709,334 |
Bush Brothers & Company Employees Benefit Tr Knoxville, TN | $646,705 | $13,680,587 |
Thompson Tractor Co Inc Employee Benefit Trust Birmingham, AL | $5,674,629 | $15,989,582 |
North Carolina Insurance Guaranty Association Raleigh, NC | $120,494,721 | $22,094,183 |
Cwm Employee Benefit Trust Marietta, GA | $2,913,278 | $11,844,381 |
Alabama Insurance Guaranty Association Birmingham, AL | $168,293,024 | $6,611,625 |
Jackson Utility Division Benefits Program Trust Jackson, TN | $8,539,572 | $8,659,868 |
Georgia Insurers Insolvency Pool Duluth, GA | $145,962,190 | $6,621,081 |
The University Of South Alabama Professional Liability Trust Fund Mobile, AL | $52,169,275 | $10,546,535 |
Hedrick Employee Group Benefit Plan Trust Salisbury, NC | $2,627,065 | $8,303,348 |
Florida Surplus Lines Service Office Tallahassee, FL | $53,775,536 | $9,728,040 |