Alabama Association Of Insurance And Financial Advisors
- Assets
- $403.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 06/1971
- Data as of
- 12/2023
- EIN
- 63-0383099
Organization Overview
Alabama Association Of Insurance And Financial Advisors is located in Birmingham, AL. The organization was established in 1971. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Association Of Insurance And Financial Advisors 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 12/2023, Alabama Association Of Insurance And Financial Advisors generated $75.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $72.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LEADERSHIP IN SUSTAINING AND IMPROVING THE BUSINESS ENVIRONMENT, AND TO ENHANCE THE PROFESSIONAL SKILLS OF AGENTS AND OTHERS ENGAGED IN INSURANCE AND RELATED FINANCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stubbs Jay Ifapac Chair | 1 | $0 | |
Wilson Matt Apic Chair | 1 | $0 | |
Bryant Sallie Government Relations | 1 | $0 | |
Barger Lynn Central Region Vice Presid | 1 | $0 | |
Coody Wesley South Region Vice Presiden | 1 | $0 | |
Turner Greg North Region Vice Presiden | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $600 |
| Total Program Service Revenue | $4,253 |
| Membership dues | $40,555 |
| Investment income | $30,099 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $75,507 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,750 |
| Professional fees and other payments to independent contractors | $1,551 |
| Occupancy, rent, utilities, and maintenance | $1,811 |
| Printing, publications, postage, and shipping | $507 |
| Other expenses | $43,800 |
| Total expenses | $72,419 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $400,974 |
| Other assets | $0 |
| Total assets | $403,344 |
| Total liabilities | $0 |
| Net assets or fund balances | $403,344 |