National Association Of Insurnace And Financial Advisors-Dallas Inc
- Assets
- $138.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Allen, TX
- Founding
- 10/1970
- Data as of
- 12/2021
- EIN
- 75-1057251
Organization Overview
National Association Of Insurnace And Financial Advisors-Dallas Inc is located in Allen, TX. The organization was established in 1970. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, National Association Of Insurnace And Financial Advisors-Dallas Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Insurnace And Financial Advisors-Dallas 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 12/2021, National Association Of Insurnace And Financial Advisors-Dallas Inc generated $90.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $68.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE AND FACILITATE THE PROFESSIONAL GROWTH OF INSURANCE AND FINANCIAL SERVICE PROVIDERS, TO PROMOTE THEIR PUBLIC IMAGE AND TO FOSTER THE HIGHEST ETHICAL STANDARDS IN ALL BUSINESS RELATIONSHIPS.
Describe the Organization's Program Activity:
Part 3
THE MONTHLY NEWSLETTER/MAGAZINE AND AN ANNUAL DIRECTORY ARE DISTRIBUTED TO APPROXIMATELY 633 MEMBERS. THE MAGAZINE KEEPS MEMBERS INFORMED ABOUT MATTERS PERTAINING TO THE INSURANCE AND FINANCIAL ADVISORY INDUSTRIES AS WELL AS ALL THE OPPORTUNITIES WITHIN THE ORGANIZATION.
PROVIDING CONTINUING EDUCATION TO ALL 633 MEMBERS AS WELL AS NON-MEMBERS. THESE CLASSES FACILITATE THE PROFESSIONAL GROWTH OF THE PARTICIPANTS AS WELL AS FOSTER THE HIGHEST ETHICAL STANDARDS.
THE ORGANIZATION HELD 9 MONTHLY MEETINGS, A PRESIDENT'S CABINET RECEPTION, A GOLF TOURNAMENT, BOWLING BASH, ANNUAL CE EVENT, AS WELL AS MANY ADDITIONAL EDUCATION CLASSES. DELEGATES ARE SENT TO THE STATE AND NATIONAL CONVENTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen H True Executive VP | 40 | $25,000 | |
Jodi Waggoner Director | 2 | $0 | |
Ryan Adams Director | 2 | $0 | |
Brent Hill President Elect | 3 | $0 | |
Lane Boozer President | 3 | $0 | |
Kelli Simms Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $35,350 |
| Membership dues | $36,714 |
| Investment income | $5,759 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,206 |
| Total Revenue | $90,029 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,736 |
| Professional fees and other payments to independent contractors | $996 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $62 |
| Other expenses | $21,138 |
| Total expenses | $68,932 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,079 |
| Other assets | $0 |
| Total assets | $138,057 |
| Total liabilities | $8,931 |
| Net assets or fund balances | $129,126 |
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